Member
Posted 02 January 2019 - 11:19 AM
2 % from the low, bad news already in the market, the street talks of a "20% down bear market" and the the buy dippers looking to
come in early in the year to open positions.
BUT, markets are also politically driven so expect.....ANYTHING, even a retest of the 2018 SPX low
Today's SPX low is the critical support for this ST rally
SPX daily close above 2528 is an IT buy
Member
Posted 02 January 2019 - 11:29 AM
BOOM. Stocks green on the year
Member
Posted 02 January 2019 - 12:51 PM
2 % from the low, bad news already in the market, the street talks of a "20% down bear market" and the the buy dippers looking to
come in early in the year to open positions.
BUT, markets are also politically driven so expect.....ANYTHING, even a retest of the 2018 SPX low
Today's SPX low is the critical support for this ST rally
SPX daily close above 2528 is an IT buy
Expect some big positioning in the last 60 min. You may get the IT buy by the close today or tomorrow..........
Edited by redfoliage2, 02 January 2019 - 12:53 PM.
Member
Posted 02 January 2019 - 02:31 PM
Consensus Bulls 38 last week, lowest since 29 at 2011 lows.
Member
Posted 02 January 2019 - 02:32 PM
Market Vane Bulls last week 42, lowest since 39 at 2011 low.
Member
Posted 02 January 2019 - 10:29 PM
Member
Posted 03 January 2019 - 10:40 AM
I’d say tomorrow morning is most likely the panic low followed by bullish reversal....if it’s going to happen.
Great call! Looks like it is happening now.... could still spike down to retest SPX December low
Member
Posted 03 January 2019 - 12:47 PM
I’d say tomorrow morning is most likely the panic low followed by bullish reversal....if it’s going to happen.
Great call! Looks like it is happening now.... could still spike down to retest SPX December low
Thanks, I'm very, very long equities and I've been an active credit spread and put seller for past two days, that is...selling naked puts (with $VIX this high I don't dare buy premium, I sell it).
