If ES can hold above 3180 tomorrow, bulls are likely running in the streets again...
Nice Gap Up after the bullish action on Friday
Started by
K Wave
, Jul 12 2020 05:20 PM
5 replies to this topic
#1
K Wave
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Posted 12 July 2020 - 05:20 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3
da_cheif
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Posted 12 July 2020 - 05:30 PM
yawwnnnn.....3220 then watch out....-g-
Edited by da_cheif, 12 July 2020 - 05:32 PM.
#4
LMF
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Posted 12 July 2020 - 05:49 PM
One of the logical rest points would be after the VIX daily gap gets filled slightly above the 18 level. Almost 10 points down from Fridays level. Like who knows what kind of market upside to make that happen. Combine that with nearly $2 billion inflows to SH since early March thats still in there.....so not much short covering yet at all. This thing can end up going way higher than most would ever expect.
#5
12SPX
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Posted 12 July 2020 - 08:06 PM
Yup, this expiration cycle although not too strong is still a little ahead of itself so I wouldn't even be surprised to see a down week!
#6
pdx5
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I want return OF my money more than return ON my money
Posted 12 July 2020 - 11:31 PM
Occasional Violent corrections are a trade mark of bull markets and occasional blistering rallies are a trademark of bear markets.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
