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Another 100 SPX Points Down Tomorrow


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#1 redfoliage2

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Posted 05 February 2018 - 11:17 PM

Very likely as it is the 200 dma at 2533.8


Edited by redfoliage2, 05 February 2018 - 11:24 PM.


#2 redfoliage2

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Posted 05 February 2018 - 11:25 PM

ES just voted Yes.......



#3 NAV

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Posted 05 February 2018 - 11:28 PM

Very likely as it is the 200 dma at 2533.8

 

Yep ! 200 MA is the typical bull market correction target. It was long overdue and healthy.


"It's not the knowing that is difficult, but the doing"

 

"No warning can save people determined to grow suddenly rich" - Lord Overstone  (The great crypto mania of 2017)

 

 


#4 redfoliage2

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Posted 06 February 2018 - 12:09 AM

If the 200 dma holds tomorrow the market is likely to stay sideway for a while; but if it does not hold then it's going to be a 20% correction.


Edited by redfoliage2, 06 February 2018 - 12:16 AM.


#5 dougie

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Posted 06 February 2018 - 01:46 AM

Isn't there a gap at 2475 area

#6 redfoliage2

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Posted 06 February 2018 - 03:28 AM

As soon as the European market opened the futures reversed and NQ now up 60 points.   I suspect that Mario may be buying index futures.


Edited by redfoliage2, 06 February 2018 - 03:35 AM.


#7 dTraderB

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Posted 06 February 2018 - 06:19 AM

Let's see how Jerome Powell's FED handle this. 
Powell must already be tired of calls from those at the White Houue.



#8 redfoliage2

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Posted 06 February 2018 - 10:07 AM

The PPT must have stepped in.  The bull is rescued.   Economy is good and earnings are great.  Just a flash correction.  The dip is getting bought today.


Edited by redfoliage2, 06 February 2018 - 10:09 AM.


#9 redfoliage2

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Posted 06 February 2018 - 10:46 AM

But the early bounce got sold, this is no good.  Maybe the selling still not done yet..............



#10 redfoliage2

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Posted 06 February 2018 - 03:07 PM

The late day strength looks promising that the flash correction may be over. 


Edited by redfoliage2, 06 February 2018 - 03:15 PM.