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SPX 2675 Failure .... again


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#1 Shaggies_View

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Posted 13 April 2018 - 10:16 AM

Not a good sign for the bulls.

Expecting a response from US and her allies this weekend.

 

Shaggy

 

 



#2 redfoliage2

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Posted 13 April 2018 - 10:26 AM

Technically the market bottomed.  But the bad news kept coming from Washington that prevents the market from going over the resistance.  Bad politics is poison for the stock market.  Why it picks AMZN?  Without AMZN USPS probably would have gone bankrupt in this information age.


Edited by redfoliage2, 13 April 2018 - 10:35 AM.


#3 ryanoo

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Posted 13 April 2018 - 10:58 AM

Technically the market bottomed.  But the bad news kept coming from Washington that prevents the market from going over the resistance.  Bad politics is poison for the stock market.  Why it picks AMZN?  Without AMZN USPS probably would have gone bankrupt in this information age.

Wall of Worry? missile launches could be a relief.

his AMZN attack is bc WP. he only concerns himself, whether the media is critical of his behavior or they work as his mouthpiece; and his base is happy with it or not.  he's for himself.  imo he will create a few crises before his term is done. 



#4 saltlake

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Posted 13 April 2018 - 12:23 PM

I think they buy them into the close today

#5 redfoliage2

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Posted 13 April 2018 - 12:57 PM

Now it's about the time to take care of the puts holders, I guess.


Edited by redfoliage2, 13 April 2018 - 01:07 PM.


#6 redfoliage2

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Posted 13 April 2018 - 01:22 PM

But it's possible we see a late day selling again before the weekend as the missile tension is still high........... 


Edited by redfoliage2, 13 April 2018 - 01:24 PM.


#7 redfoliage2

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Posted 13 April 2018 - 01:41 PM

The market is more likely to get hit by more bad news next week such as missile tension development in Syria, the announcement of the list for the 100 billion Chinese goods for tariffs...............


Edited by redfoliage2, 13 April 2018 - 01:45 PM.


#8 dTraderB

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Posted 13 April 2018 - 01:56 PM

There is also the prospect of a Friday or Saturday Night Massacre from the White House.

Most likely markets will finish near the flat line today



#9 redfoliage2

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Posted 13 April 2018 - 02:54 PM

Okay, it looks shorts are covering toward close............