We in trouble here...leaking oil big time. It's a gusher.
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
We in trouble here...leaking oil big time. It's a gusher.
Time for the big run into the close?
Here we go. Typical 45 degree launch angle into the close. Dow will probably finish down 300 and change. Everyone will once again be talking about the big reversal, and Turnaround Tuesday will be on! Buckle up!
There has been no upticks today...so this is probably just shorts covering. I have a few dip buys I am holding because market is very oversold now but everything is very ugly too.
Ripping off the bottom ?
Hope y’all bought the dip ? 
Kylo must have run out of cash which made me miss my 300 target.
Broken024
Member
Setting my buy at $420.69
HODL!! You'll be fine
This reminds me of the infamous April 31st massacre where shorts sucked up all of the gamma and unleashed a pull-spinback frenzy and all hell broke loose before the dust settled down again. If we are here when we punch back through the trend line, then I think it could make or break the near term drift along expectations.
Broken024
Member
This is meaningless without ?????? at the end
Well, we got that gap up so I trimmed a lot of dip buys this morning. If the market is going to stay bearish SPY won't get above the .618 fib level, so far this morning it was rejected at the .5 fib level.
A big gap to fill though, so thinking this could push to the .618 fib level....to try and fill some of it. If SPY get's above that the shorts will cover and a big squeeze could come.
Get ready for the big squeeze!
I'm ready!
With todays gap up currently the S&P is up almost 20% on the year...it's up 30% from the March 2020 pre-covid crash. These numbers are mind-boggling....below is the past 3 years (including this years).
2019: 28.8%
2020: 16.26%
2021 (current): 18.8%
Past 3 years (75%)
S&P futures clearly has broken a huge rising wedge to the downside...3 day chart below. This looks very bearish but the numbers above say we keep pushing higher...?
2019: 28.8%
2020: 16.26%
2021 (current): 18.8%
Past 3 years (75%)
S&P futures clearly has broken a huge rising wedge to the downside...3 day chart below. This looks very bearish but the numbers above say we keep pushing higher...?
It's like our weather, things don't work like they used too. ?With todays gap up currently the S&P is up almost 20% on the year...it's up 30% from the March 2020 pre-covid crash. These numbers are mind-boggling....below is the past 3 years (including this years).
2019: 28.8%
2020: 16.26%
2021 (current): 18.8%
Past 3 years (75%)
S&P futures clearly has broken a huge rising wedge to the downside...3 day chart below. This looks very bearish but the numbers above say we keep pushing higher...?
View attachment 91128