InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.11
(
-0.46%
)
Bitcoin
54,499.22
(
-2.41%
)
Post# of 8412
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

nilremerlin

Send PM Follow Ignore
Followers 122
Posts 12910
Boards Moderated 0
Alias Born 12/28/2005

nilremerlin

Re: Ignatius J. Reilly post# 7231

Tuesday, 06/30/2020 5:48:47 PM

Tuesday, June 30, 2020 5:48:47 PM

Post# of 8412
MMs are required to cover their shorts by the end of the month, so they move the price downward to buy-to-cover low.
The same short covering requirement deadline is the 15th of the month, so you'll see the usual dip then, too.
I expect to see some price fireworks beginning of July.

New long-term bull market from Oct. 16, 2008 (+6 months for
underbubble overreaction) to Feb. 5, 2018 (+6 months for overbubble
overreaction). Dow tops out at about 26,500 resistance, then goes generally down for ~9 years. IMHO.

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up