Posted 13 April 2017 - 08:31 PM
Historically, whenever we see crash on this board, whatever weakness, if any, is about to end
Yeah, I wish he hadn't put the C-word in the heading because otherwise there was a good chance it could happen thanks to the red dot at the end of the green squiggle in the middle of the chart below and a break through bottom of the blue box at about 232 on the SPY. That could get a real clear downtrend going and if anyone has noticed NYSE margin debt lately, margin calls might not be far behind. Below 232, it could be at 229 in a blink, 223 in a wink and 213 in a nod (a November deja vu) but now with this crash question it probably won't happen.
At least not just yet.
Good luck and good trading.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."