$BPSPX is turning up, see 2008 low of 1.6, we hit 1.4 this time, we might get LL but the bottom is closer, if BPSPX goes to zero that mean there will be no stock market for us to talk about, so.....You think we will no longer trade or stock market will continue?
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My comments are for entertainment/educational purpose only. NOT a trade advice.
14+ months of SPX gains have been wiped out (Jan 2019 to now)
Monthly chart with the famous “purple crayon” line
Good Grief! SPX is just a hundred++ points away from the 2017 inauguration day
MONTHLY
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:14+ months of SPX gains have been wiped out (Jan 2019 to now)
Monthly chart with the famous “purple crayon” line
Good Grief! SPX is just a hundred++ points away from the 2017 inauguration day
MONTHLY
317purple crayon.png.png
1475 on SPX will not surprise me realy.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Not good, the pullback is too sharp for an uptrend day, hopefully it's not the start of the reversal.
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BullBear52x wrote:
1475 on SPX will not surprise me realy.
One thousand 4 hundred 75?
just for standard bearish projection is 1700ish, but I think it will pass 1 std down to 1500ish or lower, so I hope for a support here or no floor insight, fed and the government throw every thing in since QE1 started, only kitchen sink left.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
RTH rng of 190.75 has meet the model's target and with 2542.75 a little above the est HOD of 2532.75, that should give HOD in place for today.
Countering this a US Govt buying ramp (manipulation). This would be a good day to do it for them as the Powell flop of ZIRP has failed and bailing out commercial paper and the 1.5Trillion to the repo are all pushing on a string they may buy up the market today..
Educational only and not trading advice (EO&NTA) Good trading to all
Generally this rebound should fail. So far it's the usual sell after the 12 pm. Don't know whether it'll as usual last till the close.
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