Nice, good for you red actually putting up some numbers, maybe I'll hold until at least 4400 lol!!
ES 4000-4050 LOW before rally to new ATH
Started by
dTraderB
, Sep 03 2023 10:04 PM
353 replies to this topic
#52
K Wave
-
- Traders-Talk User
- 27,419 posts
Member
Posted 05 September 2023 - 01:59 PM
wow...full reversal on Gasoline...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#53
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 05 September 2023 - 04:08 PM
Nick Timiraos (@NickTimiraos) posted at 0:33 AM on Wed, Sep 06, 2023:
The New York Fed's inflation gauge that attempts to capture the underlying trend of inflation, called the "multivariate core trend," fell to less than 2.8% in July
(June was revised down to 2.8% from 2.9%)
This is the lowest reading since January 2021 https://t.co/84wzo4UMgKhttps://t.co/1ej5TQgZvU
The New York Fed's inflation gauge that attempts to capture the underlying trend of inflation, called the "multivariate core trend," fell to less than 2.8% in July
(June was revised down to 2.8% from 2.9%)
This is the lowest reading since January 2021 https://t.co/84wzo4UMgKhttps://t.co/1ej5TQgZvU
#54
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 05 September 2023 - 04:11 PM
CHINA, and now GERMANY, with CRUDE OIL UP, all dragging the markets down.
Would like a low below ES 4300 TO LOAD LONGS for the next rally
Would like a low below ES 4300 TO LOAD LONGS for the next rally
Nice, good for you red actually putting up some numbers, maybe I'll hold until at least 4400 lol!!
#55
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 05 September 2023 - 04:14 PM
Bespoke (@bespokeinvest) posted at 1:03 AM on Wed, Sep 06, 2023:
A horrible day for breadth with just 114 S&P 500 stocks up versus 389 down. FANG+ is up 1%+ but the small-cap Russell 2,000 is down more than 2%.
(https://twitter.com/...4297062573?s=03)
A horrible day for breadth with just 114 S&P 500 stocks up versus 389 down. FANG+ is up 1%+ but the small-cap Russell 2,000 is down more than 2%.
(https://twitter.com/...4297062573?s=03)
#56
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 05 September 2023 - 04:23 PM
FUNDSTRAT bullish in SEPTEMBER.
I can agree that Septemner could be UP 2% BUT ONLY AFTER BEING DOWN 3% OR MORE FROM CURRENT LEVELS
Carl Quintanilla (@carlquintanilla) posted at 5:17 PM on Wed, Aug 30, 2023:
Consensus is now warning that equity markets could be soft in September. But we .. expect the exact opposite .. We see S&P 500 gaining 2%-3% in September, pushing back to July highs of >4,600 ..
@fundstrat $SPX https://t.co/WuoTXGjK1W
I can agree that Septemner could be UP 2% BUT ONLY AFTER BEING DOWN 3% OR MORE FROM CURRENT LEVELS
Carl Quintanilla (@carlquintanilla) posted at 5:17 PM on Wed, Aug 30, 2023:
Consensus is now warning that equity markets could be soft in September. But we .. expect the exact opposite .. We see S&P 500 gaining 2%-3% in September, pushing back to July highs of >4,600 ..
@fundstrat $SPX https://t.co/WuoTXGjK1W
#57
redfoliage2
-
- Traders-Talk User
- 18,101 posts
Member
Posted 05 September 2023 - 09:07 PM
IT sell signal pending confirmation .....................
#58
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 05 September 2023 - 09:55 PM
MARKET now at very important levels -- must hold here or else will fall quickly to below ES 4300
Most here are showing weakness:
https://www.marketin...llan-oscillator
IT sell signal pending confirmation .....................
#59
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 05 September 2023 - 09:59 PM
JUST ABOVE THE ZERO LINE!
My FF is it bounces - weakly - and then plunges.
https://www.mcoscill...t_breadth_data/
MARKET now at very important levels -- must hold here or else will fall quickly to below ES 4300
Most here are showing weakness:
https://www.marketin...llan-oscillator
IT sell signal pending confirmation .....................
#60
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 05 September 2023 - 10:06 PM
The rising $$ is the main reason for current decline. Any reversal of $$ will spike up the market.
Higher CRUDE & FUEL prices also but these will not last much longer if markets drop, economy slows, and soon there is a glut in those markets as demand drops.
The Nasdaq 100 $QQQ is exactly flat since Friday's jobs report even with the 10-year Treasury yield up 20 bps, oil up 4%, and the Dollar up 1.25%. What gives?
