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Is the Mr. Market or Someone Else in Bipolar?


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#1 redfoliage2

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Posted 06 October 2020 - 02:11 PM

Or someone went short big?


Edited by redfoliage2, 06 October 2020 - 02:13 PM.


#2 tsharp

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Posted 06 October 2020 - 02:17 PM

President Trump rejected the BS Covid stimulus package put together by Pelosi and company.



#3 Darris

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Posted 06 October 2020 - 02:50 PM

Some favorites are:  Monster up Monday = Turn around Tuesday (SPX12), WWW = Weird Wolly Wednesday is tomorrow.  The best is a smack down after a Breadth Thrust Post, LOL.  One last one is the gap fill from Friday, and on ES there is two, 3345 complete, and 3337 to get the cash.  Also, SPY was selling late Friday down around ES 3320.


Edited by Darris, 06 October 2020 - 02:52 PM.


#4 salam

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Posted 06 October 2020 - 03:14 PM

Could be a buying opportunity, or a harbinger for a severe correction.

 

October was predicted to be volatile.

 

the 3366 pivot is back I play 


I'm not sure what my future holds... But I know who holds it.

#5 Darris

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Posted 06 October 2020 - 03:29 PM

Maybe others follow it more closely than I do, but throughout the "Trade Deal" Tweets, I'm left with the impression that the negative reactions in price do tend to be more associated with buying opportunities while the positive reactions could lead to longer declines in time.  Today's tweet was nothing new and a poster here at TT said a week or so ago that any Deal that had any money that would be interpreted as a bail out would be DoA.  Anyway, one FF for tomorrow night would be selling into the VP debate and a turn back up sometime after it is over.  Opposite of last week.



#6 LMF

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Posted 06 October 2020 - 03:33 PM

New ATH on the SPX A/D line yesterday......theyve been taking a good whack at that the next TD recently. Not the end of the world though.

#7 OEXCHAOS

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Posted 06 October 2020 - 03:48 PM

Relative VIX is almost back into Buy territory.

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#8 CLK

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Posted 06 October 2020 - 04:10 PM

Maybe others follow it more closely than I do, but throughout the "Trade Deal" Tweets, I'm left with the impression that the negative reactions in price do tend to be more associated with buying opportunities while the positive reactions could lead to longer declines in time.  Today's tweet was nothing new and a poster here at TT said a week or so ago that any Deal that had any money that would be interpreted as a bail out would be DoA.  Anyway, one FF for tomorrow night would be selling into the VP debate and a turn back up sometime after it is over.  Opposite of last week.

 

Maybe others follow it more closely than I do, but throughout the "Trade Deal" Tweets, I'm left with the impression that the negative reactions in price do tend to be more associated with buying opportunities while the positive reactions could lead to longer declines in time.  Today's tweet was nothing new and a poster here at TT said a week or so ago that any Deal that had any money that would be interpreted as a bail out would be DoA.  Anyway, one FF for tomorrow night would be selling into the VP debate and a turn back up sometime after it is over.  Opposite of last week.

 

 

I think Trump either watches the tape or has advisers, his negative tweets always are at tops at resistance, he is willing to sacrifice a market high, but not bad news at market lows, too much risk of a crash.


Edited by CLK, 06 October 2020 - 04:12 PM.


#9 salam

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Posted 06 October 2020 - 04:17 PM

 

The stable genius didnt realise the 3430 was an important resistance area.

Perhaps, the market liked the BS Pelosi Bill?
Perhaps, the market is telling him he has less than month left of his only term as President?

 

Perhaps we should stop the political pontificating.

 

You started it with your opinion that the bill is BS.... despite it trying to help average Americans not the elite only.

 

but, Tsharp, someone who’s chatting and posts I fully respect....

 

....WE should both stop the political pontificating.

 

Does todays action affect your 4000+ count? 

 

CLK, you give the man too much credit. 

 

I agree with the tank into the debate and rally scenario 
 


Edited by salam, 06 October 2020 - 04:20 PM.

I'm not sure what my future holds... But I know who holds it.

#10 Rogerdodger

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Posted 06 October 2020 - 06:37 PM

Perhaps we should stop the political pontificating.

 

Speech Police!   LOL!  (Sarc)

 

tenor.gif