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Bears out of hibernation


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#1 dTraderB

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Posted 02 April 2018 - 11:12 AM

Heavy selling as the rush to the exits overwhelm buy-the-dippers. 

Nearest resistance at 2590/92



#2 diogenes227

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Posted 02 April 2018 - 11:47 AM

If this keeps coming apart any downside estimate short of 50 percent (DOW 13K, SPY 14C) will likely be an undershoot.

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#3 dTraderB

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Posted 02 April 2018 - 12:17 PM

Looking for a ST bounce from ESM 2570/75


Edited by dTraderB, 02 April 2018 - 12:17 PM.


#4 dTraderB

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Posted 02 April 2018 - 12:20 PM

DOW 13K   !

That's a long way down.

 

But, I do agree that this can fall far & fast during the next few months as the TWO bubbles  - equities and crypto - are deflated.