We might be going for black Monday here.
SPX
#11
Posted 17 May 2019 - 02:14 PM
#12
Posted 17 May 2019 - 02:36 PM
Trump is just bad news for the stock market. He has to tweet something every day.
#13
Posted 17 May 2019 - 02:42 PM
Fear/Greed ticked up just 1 point on that rally early, nobody is buying this, may crash Monday.
#15
Posted 17 May 2019 - 04:42 PM
We broke and closed over the .618 retrace to the prior low, rules say when that happens, there will be a 100% retrace.
We got a bounce, now down to 2780 and most likely 2725 shortly after. I hate I added to long aggressively the last two days, now I may lose another chunk of my account, all will be ok if we crash to 2700 area as my hedges will make up for the loss, not 100% but enough to recover from.
I mean, this was supposed to be a bull market going to over 3k easily, what happened to all that promise ? Looks more like Jan. 2017. I use way too much of my account at any given time, that is my problem, but this market is sick for a bull market
that had barely hit new highs to get knocked down like this, and I don't believe it's over at all.
Edited by CLK, 17 May 2019 - 04:46 PM.
#16
Posted 17 May 2019 - 04:49 PM
Any opinions are welcome.
#17
Posted 17 May 2019 - 07:06 PM
My fractal take here... my momentum signal is presently short from 2870, though that should reverse back to long next week...
#18
Posted 05 June 2019 - 09:16 AM
l
Edited by stubaby, 05 June 2019 - 09:16 AM.