or else it's slipping away .....
No commitment from bulls this, by now they should have SPX over 2700 !
Posted 30 April 2018 - 10:00 AM
or else it's slipping away .....
No commitment from bulls this, by now they should have SPX over 2700 !
Posted 30 April 2018 - 10:15 AM
VST I see it's doing consolidation before moving over 2700...............
Edited by redfoliage2, 30 April 2018 - 10:15 AM.
Posted 30 April 2018 - 10:41 AM
I also thought so but after more than an hour of dawdling the sellers came in and erased all the SPX gains.
Still, I think a rally is in store but they must overcome the SPX 1283/86 resistance.
Posted 30 April 2018 - 10:42 AM
All I ask is range & volatility but not choppiness for about a dozen ES & NQ day trades, per day
Posted 30 April 2018 - 10:43 AM
Or... they could close it down today, so they could have their precious gap up tomorrow...
Posted 30 April 2018 - 10:44 AM
or else it's slipping away .....
No commitment from bulls this, by now they should have SPX over 2700 !
Little difficult to lift off while they are desperately trying to get off margin.
"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."
Posted 30 April 2018 - 10:56 AM
APPL earnings are looming.... markets ST direction will be determined by this, and minor factors are realization of the "honorable" Kim's peace move & other con games
Posted 30 April 2018 - 10:58 AM
Agreed,classic case of distribution by the Big Kahunas to the retail crowd who are addicted to dip buying, with higher & higher margin debt until ONE DAY there is no more and whoooosssssshhhhhhhhhhhhhhhh......implosion.
Posted 30 April 2018 - 10:58 AM
Looking for an NQ bounce here at 6626 for a day trade or will short again...
Posted 30 April 2018 - 04:08 PM
Agreed,classic case of distribution by the Big Kahunas to the retail crowd who are addicted to dip buying, with higher & higher margin debt until ONE DAY there is no more and whoooosssssshhhhhhhhhhhhhhhh......implosion.
I think it's distribution since the Jan top.