10 replies to this topic

[RagingSpartan]

Nothing changed today. High risk next few days.

[qqqqtrdr]

Let's wait and see.....

.... Short Term trading still on a BUY, but expect at Friday Close to be Neutral. 

 

GDP Growth is slowly Dropping at 3.7% from 3.9% due to not meeting economic numbers this week.  Yesterday was terrible new home build numbers.

 

Markets Long Term continue to be overbought for current economic conditions but have been all year.... 

 

We have broken the 200-day MA on the indices and could retest again the 200-day MA Friday or Monday

 

Support points on the downside 2640, 2587, 2420 on the $SPX..  Assume each will give us some support....

 

So as not to seem too gloomy Put/Call 10-day, Rydex Ratio remain a BUY so I don't see a high risk over the next 3 trading days..  As money are flowing into short vehicles...

[RagingSpartan]

Tomorrow close on the lows. Down around 4-5%

[redfoliage2]

Tomorrow close on the lows. Down around 4-5%

I'd not be surprised if it does.  At least yesterday's low will be re-tested.  This market is very sick......................

Edited by redfoliage2, 25 October 2018 - 09:58 PM.

[RagingSpartan]

We might even see the Feb lows tomorrow

[MDurkin]

We might even see the Feb lows tomorrow

So in your view is this bull run from the last 10 years over or do we go to new highs after this decline?

[Dex]

 

Tomorrow close on the lows. Down around 4-5%

I'd not be surprised if it does.  At least yesterday's low will be re-tested.  This market is very sick......................

 

True dat!

[RagingSpartan]

Yes. The bull market is over.

[PrintFaster]

No let up or bounce in sight.

 

[K Wave]

Watch 6815 NQ level here...

 

IF bulls take that back again, could signal bears outta gas short term....