Which expert predicted market would slide 47 SPX intra-day points ?

From intraday high to intraday low it was a 47 point SPX slide.

Some were busy looking at AAII , VIX, A/D, Volume, etc.

Others thought vaccines were more important.

Some were busy looking at positions of planets and moon.

 

Was it just a coincidence the market began the slide the moment Biden announced his pick for VP?

The top now may be in until election is out of the way. My crystal ball can  not see who wins the White House

in November, so I got no predictions past the election. 

I did, I did lol!  Was shorting all day and said "looking for a turnaround tuesday" lol!!  Do I win, what do I get lol!!

What was your reason for the drop today?

Seat of the pants FF do not count. Which is why I never win anything.

I do not try to predict the unpredictable using science.

Edited by pdx5, 11 August 2020 - 06:12 PM.

I did, I did lol!  Was shorting all day and said "looking for a turnaround tuesday" lol!!  Do I win, what do I get lol!!

Yup, you get everything you like and a heart full of gold!

This might end up being a call at the Top before a down move into the Election.  Dark pool index has started to turn a bit bearish.  If the Gamma index goes negative, run for the Hills.

https://www.cnbc.com...tony-dwyer.html

.....I think we go on rising till the end of august and just then some sort of correction/ sideways action should take place. Take a look at the dow..... 

Edited by andr99, 12 August 2020 - 12:42 AM.

What was your reason for the drop today?

Seat of the pants FF do not count. Which is why I never win anything.

I do not try to predict the unpredictable using science.

I don't trade so much off of technicals but it was a few factors.  This entire board was all bulled up for the market to hit new highs yesterday, call options were screaming bullishness for a new high, the market generally was overbought and we were up 8 days in a row so getting ripe for a pullback and I knew if it started rolling downward the bulls would bail hard and finally were getting close to this expiration cycles numbers.  I also got out at the bottom before the close for 50 point profits.  Shoulda gone long cause I knew the pajama traders would pop it back up and just took 2 points profit off of that but will reshort up here again starting around 3356.  I'll add as we go up as call options are still pricey I notice today!  I'd rather short at these levels then be long so unless we get a real hard sell off that will be it!  The final reason is because the market never goes up forever and never goes down forever in whatever time frame no matter what technicals, fundamentals, whatever tells you is my motto.  Good luck all.....

One thing that's interesting is that this board is now dead what happened to everyone, they quit trading?

One thing that's interesting is that this board is now dead what happened to everyone, they quit trading?

only a very few post real time trades

 

expected retest attempt under way.

 

i will be adding if I get my fill 

TQQQ just trades one ABC wave after another most of the time. Pullbacks like yesterday allow higher targets to be set. At 127+ right now......the ABC from the 86.28 low points to 140.68. The ABC from the more recent low 101.01 now points to 148.31. A = C