22 replies to this topic

[dTraderB]

and 31 points off the overnight lows at 2618.50

 

2655 is next resistance then 2670/72 and  the 

very thick and strong resistance zone 2690-2700

 

Looking to short rallies after the bounce energy has dissipated.

 

Dow futures erase large overnight deficit, now point to higher open

https://www.cnbc.com...-war-fears.html

[Shaggies_View]

Looking for a low today around the 2620 futures level.
Shaggy

[SemiBizz]

As expected:

 

From Today's SPX Forecast:

 

we have an EXTREME CLOSE - with AN EXTREME CLOSING TICK of -769... which sets up a very sharp bounce now, even if we continue lower tomorrow early...

 

[dTraderB]

I am not as yet convinced this Big Move down is complete; many may not want to go LONG over the weekend so expect selling today.

 

But, this is now a relief bounce after China's feeble response to Trump's tariffs

 

The tariff tiff may now be on the backburner and the markets will focus on other issues

[CLK]

What about DB, Libor, bonds ?

[SemiBizz]

What about DB, Libor, bonds ?

 

Who understands why the market takes so long to deal with these issues... we knew in 2006 there was a huge bubble in RE and about the phony mortgages and CDOs etc... Even after we topped in Fall 2007, it took another year for the truth to hit the markets...

 

So don't count on any fundamental news to make any difference...

[dTraderB]

I think the LIBOR issue as well as the US BOND & T-NOTE yields will be in the focus during the next few weeks; however, for day & ST traders, it is a non-issue unless there is a huge spike. 

Edited by dTraderB, 23 March 2018 - 09:32 AM.

[dTraderB]

Very choppy, lots of candle wicks, I think it goes down from here (2647) until there are buyers willing to step up to the plate. 

[dTraderB]

Watch that Bearish engulfing hourly candle in the ESM and NQM charts

[CLK]

Goldman is said to be buying the dip today per CNBC yesterday. There is an army of dip buyers out there.

Looks like they ran out of fuel.