must be a news, this should not happen in an uptrend day.
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Cobra wrote:must be a news, this should not happen in an uptrend day.
1) Trump grounds all 737 MAX aircraft in the US (multiple countries already preceded this decision)
2) Trump says he's in "NO RUSH TO COMPLETE CHINA TRADE DEAL"
This is something, now, IF we closed below 38.2% we would have two technically Gap and NO GO. soooooo......Today's closed will be very important. if we closed weak, I will find excuse to sell the rest of this week trading.
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My twitter feed implies Trump Tweet was at around 45 minutes past the hour. Fall started in earnest about 30 minutes past the hour. I would call it a one two punch where the tweet accelerated market action.
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Mr. BachNut wrote:
So, long an SPX unit and short an R2K unit now.
We'll let the rock'em sock'em robots duel it out...
At 11:30 it looked like SPX long was ready to knock R2K short's block off, but now R2K is starting to throw some punches.
SPX long looking a little surprised.
R2K short still losing on points but still in it with a few rounds to go.
Looks like R2K is playing rope-a-dope while SPX is trying to work the body.
Interestingly, I can see a possible head and shoulders in R2K and a possible inverse head and shoulders in SPX intraday.
They clearly do not like each other...
Whoa. R2K short delivered a right hook and SPX long staggered.
Close could be interesting.
Well this has been an epic short squeeze aided by the central banks, but hey there is nothing left to squeeze and the buyback money is ending, so wait to see if Ma and Pa Kettle look at the market this weekend and decide to buy more at the top. If not we will be reading about how a pullback from the highs is normal.