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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
86.78
(
0.00%
)
Bitcoin
57,586.86
(
-1.23%
)
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nilremerlin

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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.

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