RSI almost touching oversold, lower gap filled.
I think I might take a break from the market for a couple of days after tomorrow. Every time I get bullish the market takes a crap, lol. From now on I'm just gonna take a break when I expect a rally.
Best case scenario for bulls is a repeat of last Thu/Fri but I'm not sure there are enough buyers left
I think I might take a break from the market for a couple of days after tomorrow. Every time I get bullish the market takes a crap, lol. From now on I'm just gonna take a break when I expect a rally.
Best case scenario for bulls is a repeat of last Thu/Fri but I'm not sure there are enough buyers left
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It will be interesting to see how foreign market algos react to a 4 - 5% overnight drop for them. Anyone that bought the past 3 nights are under water now, and the underlying assumption for bull algos (especially Asian algos) appear to be that the market will eventually go up. that isn't true anymore.
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BTW, I hope everyone remembers my 3 or 4 day short squeeze rule. 4 days then done, even though futures gap didn't fill.
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I also said last week it looked like hedge funds were liquidating their positions. Appears I was right.
finance.yahoo.com/ne...tells-225554136.html
finance.yahoo.com/ne...tells-225554136.html
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Asia pumped everything green, but the EUros get to determine the gap