10 replies to this topic

[redfoliage2]

Very likely as it is the 200 dma at 2533.8

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

[redfoliage2]

ES just voted Yes.......

[NAV]

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.

[redfoliage2]

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.

[dougie]

Isn't there a gap at 2475 area

[redfoliage2]

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.

[dTraderB]

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

[redfoliage2]

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.

[redfoliage2]

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

[redfoliage2]

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

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