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I think you have a good short. I would not panic just yet. I will be watching the action tomorrow and may jump in QQQ just before close with a small position.
Anyone guess how high the 3Q's will go.
This pop will get sold into. Anyone think we go above 2380.
attempt at 2400 staved off for the third week in a row. SPX has developed a bearish pattern. resolution point is 2150. May is around the corner. Only the q's are holding it up. Fed will raise rates again
Are you still holding your position. I think it is a good short.
2370 is a possibility on the spx by Friday, even though it might be on a intraday basis. However, the resistance at 2360 is getting very strong. LT, bearish fundamentals are gathering steam. Im picking a short term target for SPX at 2150 or lower this summer.
is this a buying opportunity for SDS
Does anyone know what the x div date is for QQQ and how they are paying. Thanks.
Interesting thoughts. Only 14 trading days left in april and then sell in may and go away plus the fed poised to raise rates again. Don't see 2400.
I don't see 2400 on the spx next week. Another bearish candle on Friday. You probably should have kept your short. Lets see.
QQQ is carrying a dividend of roughly 1.1. Be mindful of that.
SPX just printed a bearish candle yesterday. I don't see the prospects of 2400 next week.
why would you not start SPXU. Gives three times.
With the fed poised to raise rates three times this year, one of these days a trip to new highs after a small pullback will not happen and we will enter a bear market that will lead to at least a 50 % correction over the next two years.
Is the first part answer correct
The Fed will raise rates in March and two more times. That will put an end to any hopes for the return of the bull this year. Top technical experts are predicting a minimum downside target of 1600 on the spx. I would not bet against their record. The odds of spx reaching 1600 this year are quite good. This entire rally was fueled by FED manipulation.
For QE its now time for QT.
next # should be 2016.
New 52 wk low for the SPX
this is a new type of slavery. The west keeps corrupt governments in power in these third world nations and looks the other way when injustice happens.
I see a further drop at a minimum to 1850 on the spx, before the usual DCB. The next rate hike is less than two months away.
Crude will hit the teens before too long.
FUT's pointing to a higher open. Lets see if it lasts till morning.
With the Fed widely expected to raise another 0.25 in March, the odds of the first leg materializing in the first half of 2016 may be 60-70%. The Fed is in a hiking mode. They will raise the rates atleast 3 more times including March.
Nice charts and thanks for posting. What is you projection of the spx.
I expect it to go below 20 (although lower 20's is close enough).
Now that the cat is out of the bag. Goldman is warning of $20 oil. These crooks were predicting the price to $200 not too long ago while dumping their assets to the gullible. So glad I did not take that bait.
From a technical standpoint and looking at the 25 yr chart, Oil should take a dip below 30. Even if it doesn't (because the markets are manipulated), there should be some long term consolidation for several yrs at levels below $60. I believe the easy money on the long and short side has been made.
Great call. Whats the prediction now.
we will see. The spx was in the 600 area a few years back. Why did the FED allow that. When most of their buddies are out and short, they will allow it to fall.
About that dammned time. Take her (SPX) down below 1600 this summer and then to 600 next year, where she belongs.
Brach Zone should be reached and breached by late April or sooner. A breach of this zone should find support between 1550- 1600. The market should be there in the early fall, with the first rate increase scheduled to be in the fall. The Fed lending rate will be around 2.5% or higher, the same time next year.
Your comment is very apt. The Fed's has made a mockery of the fundamentals and principles of analysis.
looks like so far Im wrong.
Chances of a gap up tomorrow are very low. SPX has printed some bearish candles. I say we go lower.
just punch thru 2060 or close above it as well.
I think this is all that we are going to see. Down trend resumes tomorrow. Will enter 40% short via spxu.
some pundits are calling for 2130 before april. Anyone see that happening. I don't. I do see a rally possibiity next week back to the 2045 area.But will short any strength.
Dont see 2060 at this point. There were two previous bounces from this level in January. This is the third. Each subsequent bounce had weaker internals. Be lucky to see 2052 on this one.
There will be an initial pop to the fed's meeting minutes which will fade. That should be a good shorting opportunity for the long term.
I believe AAPL will disappoint and that will be the catalyst for the downtrend to resume.