38 replies to this topic

[redfoliage2]

EOM

[slupert]

I Would have been better if we retested today, but it didn't. you might be right, if we open up positive, I might look to scalp.

[redfoliage2]

The market opened with a gap-down then went back filling the gap.   Now more likely to follow thru the gap going down in the late afternoon ...................

Edited by redfoliage2, 06 April 2021 - 10:40 AM.

[pdx5]

No no no! I am selling more index funds today, I will get closing price...keep it up mr. market!!

[redfoliage2]

WWW Tomorrow, let's see what's in the cards for the OpEx next week.  I'm open for either way .....................

Edited by redfoliage2, 06 April 2021 - 12:24 PM.

[redfoliage2]

I'd like to see the current over-bought conditions get resolved first ..............................

[redfoliage2]

The market is way over-bought, and a pullback is very likely .........................

Edited by redfoliage2, 06 April 2021 - 03:44 PM.

[redfoliage2]

Day-traders were able to mount a bounce since 9 am from the futures market, but I see this bounce may get sold in the late afternoon like yesterday ....................

Edited by redfoliage2, 07 April 2021 - 10:17 AM.

[redfoliage2]

BTW, the Fed meeting minutes is said to be out at 2 pm EST, that could move the market either way in the afternoon ..................................

Edited by redfoliage2, 07 April 2021 - 11:32 AM.

[redfoliage2]

It looks the bounce continues after the Fed minutes out.  If SPX closes the day above 4085 I see this bounce can go further higher  ..........................

Edited by redfoliage2, 07 April 2021 - 01:14 PM.