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Give a warm welcome to the seasonal volatility...


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#1 tommyt

tommyt

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Posted 05 August 2019 - 07:03 PM

Wow, the first wave is already testing the 200d MA's in SPX and NDX in the AH's drop. Bear rallies are sharp and short...hard to time. Expect some sort of bounce to reshort in the following zones:

 

SPX  2728-2790

NDX  6936-7200

RUT  1461

 

I expect government intervention overnight if this continues, in the form of the working group buying futures and/or the POTUS tweeting bullish things.


Edited by tommyt, 05 August 2019 - 07:05 PM.

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