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Damages Started Showing up in the Economy


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#1 redfoliage2

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Posted 02 October 2019 - 08:30 AM

As the damages from the trade war now started showing up in the economy  I'd expect the damages will also be reflected in the 3rd quarter earnings.  SPX is going to visit the bottom of the expanded range soon ...............

 

https://www.traders-...xchanges/page-2


Edited by redfoliage2, 02 October 2019 - 08:33 AM.


#2 redfoliage2

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Posted 02 October 2019 - 09:04 AM

If the tentative support 2905 not holding by the close today, it's likely to go to around 2820 in a hurry.  However, I see it's more likely the 2905 line will hold for now as the market consolidates or even a good bounce from here...................


Edited by redfoliage2, 02 October 2019 - 09:13 AM.


#3 redfoliage2

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Posted 02 October 2019 - 09:48 AM

I just went covered.  VST in oversold conditions and likely a bounce soon,  could be a big bounce if someone twitters ..........



#4 redfoliage2

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Posted 02 October 2019 - 11:07 AM

LOD was in and a bounce is in the cards for tomorrow.............................


Edited by redfoliage2, 02 October 2019 - 11:08 AM.


#5 redfoliage2

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Posted 02 October 2019 - 01:49 PM

This is very likely a VST bottom, I went long SPX calls earlier today.  But it potentially could be a ST bottom, let's see how it will morph out in the next few days when it bounces up...............


Edited by redfoliage2, 02 October 2019 - 01:54 PM.


#6 redfoliage2

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Posted 02 October 2019 - 02:05 PM

It's bouncing up, first target 2910; 2nd target 2940...........



#7 redfoliage2

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Posted 02 October 2019 - 02:59 PM

For tomorrow the market will be up, either by a gap up and go or a small gap down followed by an intra-day reversal.................


Edited by redfoliage2, 02 October 2019 - 03:05 PM.


#8 redfoliage2

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Posted 03 October 2019 - 09:13 AM

The stock market just got another blow from the ISM Non- manufacturing PMI that was out below the consensus.  But a good bounce is still in the cards though it will need a "good news" as the trigger.  We should get one within the next few days................


Edited by redfoliage2, 03 October 2019 - 09:20 AM.


#9 redfoliage2

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Posted 03 October 2019 - 09:32 AM

It looks that the Fed chair will speak tomorrow afternoon? 



#10 redfoliage2

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Posted 03 October 2019 - 10:07 AM

The Bounce just started and I'd like to make sure my short positions are covered.  Could be a big one depending on the "trigger" to be out soon..............


Edited by redfoliage2, 03 October 2019 - 10:16 AM.