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Started By
Message
re: S&P 2350 Major Pivot (We closed ABOVE it)
Posted on 3/18/20 at 5:18 pm to wutangfinancial
Posted on 3/18/20 at 5:18 pm to wutangfinancial
quote:
Oh, you think China's growth was organic don't you?
I'm sure you think the US economy was growing organically too.
Serious question, what does "Organic" even mean with a communist country?
1
Posted on 3/18/20 at 5:20 pm to Hussss
quote:
This is about transitioning to another global reserve currency.
No . . . . seriously ....
No . . . . really ....
Posted on 3/18/20 at 5:29 pm to Tigers4life
quote:
I thought the price action late in the day looked promising also.
Wait until those unemployment numbers roll in in a couple of weeks. Unemployment offices are handling daily what they were doing monthly in many places.
I think a lot of people were saying Mnuchin was just throwing shite at the wall when he said 15% unemployment....I think that's actually a conservative estimate. That will prove that GDP is shrinking more than anyone estimated and it will be a hellish day for the markets on 4/3.
Posted on 3/18/20 at 5:35 pm to JayDeerTay84
quote:
Serious question, what does "Organic" even mean with a communist country?
lol that's a good point. But I'm talking about all of the stimulus. It's not just them though.
Posted on 3/18/20 at 5:49 pm to mmmmmbeeer
Agree...unemployment and jobless claims numbers are very important for the longer term trend. I'm just hoping for another relief rally of some sort.
Posted on 3/19/20 at 8:36 am to Tigers4life
Bump
Watch this pivot point. We have spent the last several days drawn to it.
Watch this pivot point. We have spent the last several days drawn to it.
Posted on 3/19/20 at 9:26 am to Hussss
Everything was pointing to a rally late yesterday and this morning. We had an early retest and held. Not sure how high it gets but be surprised if it doesn't get back over 2500 on the s&p. The last rally didn't go as high as I thought so never know and the longer term outlook sucks.
Posted on 3/19/20 at 9:32 am to Tigers4life
I really think this is the start of wave 2 up. 50% retrace from high to low is 2837 (remember the first pivot @ 2840 area?)
Posted on 3/19/20 at 9:50 am to Hussss
If this is the start of wave 2....we are in some deep water later one. Hoping it's wave 4. I shooting for 2520-2570 first...then see. Fingers crossed
This post was edited on 3/19/20 at 10:04 am
Posted on 3/19/20 at 9:52 am to Hussss
I assume you're a technical trader. What do you think about the potential death cross that's about to hit in a few weeks or so? That 50 day is on a steep downhill towards that 200 day.
Posted on 3/19/20 at 10:01 am to rintintin
I am. Getting back up through that 200 will tell us everything. If we can do it, market says recession (we already priced in an average recession). If we fail and start plunging into a big wave 3 then the market says depression.
Posted on 3/19/20 at 10:21 am to Hussss
Looks like a squeeze coming soon.
Posted on 3/20/20 at 2:21 pm to Hussss
quote:S&P @ 2316 at 2:20 PM on 3/20/20.
S&P 2350 Major Pivot
So much for your pivot point.
Your perfect record is still intact.
Posted on 3/20/20 at 2:23 pm to LSURussian
we should build an algorithim that trades opposite hussss picks. easy money to be made.
Posted on 3/20/20 at 2:25 pm to oklahogjr
I wonder if we get some buying at the close like we have the last couple of weeks. Shorts covering for the weekend, maybe?
Posted on 3/20/20 at 2:26 pm to oklahogjr
I've never seen a perfect contra-indicator before he started posting here. It's almost magical... 
Posted on 3/20/20 at 2:28 pm to Janky
quote:It's possible.
I wonder if we get some buying at the close like we have the last couple of weeks. Shorts covering for the weekend, maybe?
A few times we've also seen the indices crash in the last 10 minutes of trading.
Posted on 3/20/20 at 2:45 pm to LSURussian
Russian.. the close.. not intraday.. come on now.
This post was edited on 3/20/20 at 2:54 pm
Posted on 3/20/20 at 2:53 pm to LSURussian
quote:
It's possible.
A few times we've also seen the indices crash in the last 10 minutes of trading.
I guess we have our answer.
Posted on 3/20/20 at 2:54 pm to Janky
Came to post this
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