Tomorrow will be a BRUTAL day in the market

Maybe not quite as bad as the 5% down day a few days ago, but BAD. Rest assured.

 

Why? I'm bearish medium term, but I'm thinking maybe options expiration tomorrow may hold this up just another day.

 

It might. But I think tomorrow will be another shock. But if you are right and it holds up tomorrow somehow, then Monday will be the death day. But my money is on tomorrow.

 

Well, remember, there was a LOT of negativity implanted into the market on Tuesday, so with no Fed surprises next week, we catch a pause in the downward move.

 

WTF?? Weren't you like the baddest permabull this forum has created?

 

Yeah, not really surprised if it tanks tomorrow, it's eventually toast one way or the other. But I am with the it potentially holding up as well. Particularly If NQ starts trading back above its 09/07/2022 lows without ES haven broken it's lows yet, could buy some more time.

It's actually not a super uncommon thing to happen (have NQ break a relative low or high and ES have a counter move, only to break it later).

Edit: Ok well now ES took out it's low too on re-open so there goes that. All that's left is seeing if we can regain the 09/07/2022 levels intra-day tomorrow.

 

Betting market sells off

 

you failed to support your statement with
facts/data/reasons.

trading is not a guessing game.
it is a serious business.

tread creator should be a value adder.
if not, don't bother to create a new thread.

 

On the 2HR chart...go long when the 50SMA kisses the 100SMA --- just a day trade of course.

Thank me later

 

Futures are down across the board. Reasons. Not sure but consider - triple witch, margin calls, swing traders who thought the market would rally caving in.