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Panic? 10% Plunge on the SPX Expected Monday....

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#11 12SPX

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Posted 18 July 2022 - 11:49 AM

haha, that's true, but heh, 3 hours to go to drop 400 points could be done lol!!  I realized one thing though, if we were hit hit by major solar storms wouldn't everyone have no electricity so we wouldn't that just shut down trading lol!! 



#12 redfoliage2

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Posted 18 July 2022 - 01:04 PM

With the July OpEx out of the way bears going to take back the control ,....................

So the recent bounce is likely over.....................



#13 12SPX

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Posted 18 July 2022 - 01:25 PM

Dang out for a 1 point profit setting, just not feeling like doing it today anyhow unless some great numbers start coming up!! 



#14 blustar

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Posted 18 July 2022 - 02:01 PM

Sorry guys, I was a week off. 3425 SPX by July 25th. Down over 12% from today's top

 

See my blog



#15 pdx5

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Posted 18 July 2022 - 02:41 PM

Sorry guys, I was a week off. 3425 SPX by July 25th. Down over 12% from today's top

 

See my blog

Why sorry? You were right about market direction! gap and crap today!


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#16 12SPX

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Posted 18 July 2022 - 02:55 PM

Well sort of right for those numbers gotta be red from the start, started a long build for overnight couldn't resist, 3825...



#17 slupert

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Posted 18 July 2022 - 02:58 PM

This guy really knows how to work a room.



#18 12SPX

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Posted 18 July 2022 - 03:06 PM

Lets see how the night session goes, profit stop 3826....



#19 qqqqtrdr

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Posted 19 July 2022 - 12:02 PM

I don't know why you guys are expecting a larger drop to flush everyone out of the market..    This usually happens when majority are bullish..   We are not there yet..     We need more people turning bullish before the rug can be torn out beneath them...



#20 pdx5

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Posted 19 July 2022 - 11:14 PM

I don't know why you guys are expecting a larger drop to flush everyone out of the market..    This usually happens when majority are bullish..   We are not there yet..     We need more people turning bullish before the rug can be torn out beneath them...

9.1% Inflation is stronger force than how many are Bullish or Bearish.

These are not normal times and normal rules may not work.

Has there been a bull market since WWII with 9%+ inflation?

I am not speaking of rallies, I am speaking of bull market trend where markets advance 10-20% per year.

Shall we see 4500 in 2022 from current level of around SPX 4000 ? 

Paging TA experts? Fearless Forecasters? Blustar? Anyone?


Edited by pdx5, 19 July 2022 - 11:15 PM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule





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