Lots of complacency. Risk is very high here over the next 10 days.
Crash Update
Started by
RagingSpartan
, Oct 24 2018 10:00 AM
6 replies to this topic
#2
RagingSpartan
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Posted 24 October 2018 - 10:07 AM
In bear markets you get sharp intraday rallies like yesterday which don't amount to much on daily closes.
#3
qqqqtrdr
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Posted 24 October 2018 - 01:33 PM
Bottoms are difficult... Yes we were at a potential bottom, but the market was still overbought... New Home Sales were dismal today, so there was bad news today also that indicates weaker demand moving forward on many items... We do have Rydex Ratio, Put/Call Ratio, VIX all looking medium term bullish at the moment, but momentum is down being dragged down by Emerging Markets, Europe, Banks..
qqqqtrdr
#4
Dex
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Posted 24 October 2018 - 01:49 PM
No reason to buy until after the mid term elections
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16
17_16
#5
RagingSpartan
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Posted 24 October 2018 - 03:22 PM
Jan lows is the target
#6
dougie
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Posted 24 October 2018 - 03:54 PM
Jan lows is the target
RS:
How do you set hat target?
#7
gm_general
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Posted 24 October 2018 - 10:56 PM
An update on my SPX MACD chart - note the long support line since 2009 that was recently penetrated. The shorter recent downtrend line (parallel to the main lower line) is about to be contacted around -50. What to really look at is if it manages to break down to the bottom line around -80s.
