Very likely as it is the 200 dma at 2533.8
Edited by redfoliage2, 05 February 2018 - 11:24 PM.
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.
Posted 05 February 2018 - 11:25 PM
ES just voted Yes.......
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.
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.
Posted 06 February 2018 - 01:46 AM
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.
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.
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.
Posted 06 February 2018 - 10:46 AM
But the early bounce got sold, this is no good. Maybe the selling still not done yet..............
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.