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50ma/200ma SPX Death Cross - half a point away, time to BUY?


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#11 dTraderB

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Posted 06 December 2018 - 03:53 PM

Big bounce off lows, bullish daily candle

 

On this day when markets were crashing for more than half of the day I made more profits in :LONG positions. 

That was a HUGE reversal!



#12 dTraderB

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Posted 06 December 2018 - 04:14 PM

A stunning reversal.to close almost 3% from the daily low, with QQQ and GE actually up on the day!

 

This could be the bottom for December and market could rally another 5 to 8 % to year end.

 

That's the conventional analysis but this has not been a normal year; just as Thanksgiving was down it could be same for the end of ear holiday bullish seasonal period.