Today's market opening prediction thread

Thought I'd start a "rolling" thread with thoughts on the market open for each day. Thoughts on 2020/03/17?

Will people panic and continue the sell off at the open,
or
Shorts will be taking profits & others bargain shopping?

 

It will likely be the later. Just getting ready and logging into me CS and Tradehawk - Nanma

 

Over next hour or 2, market will most likely form close wedge / converging triangle formation.

 

So far it has been one day up one day down one day up one day down. Probability on an up day the difference today is that we already went up overnight and sold off again.
No improvement in news so fundamentally should still be selling off to the December 2018 low

 

in which direction? From the time of your post or the open?

you reckon it's just retail at this point? No dumb money bargain shopping?

 

converging triangle means converging triangle.

 

I'm sure some are bargain shopping since CNBC said you have to buy here
I don't see any fundamental reason to buy yet. No good news, recession looming, etc. Not to say I won't trade an up day but not really for long.

 

i'm basically long after some recovery and wonder if I should exit now or expect a mini rally after the open.

 

open green and then shit the bed

 

I wish I had a crystal ball.
Just follow your strategy