The Indicy has already burned through all its resources to keep it propelled up near its all time high of over 26,000 points. Keep in mind that this market has recovered all those losses of those 4,000 points in the time span of 2 months. This index will crash and burn without mercy after being manipulated. We have a perfect example of what is to come. Early September of 2017 was when the Dow Jones started its quick bull run to its all time high within a time span of 5 months but then soon crashed 2000 points in the 1st week of February. The Dow Jones Bull run of this year did what 2017 did in less than half of that time frame(2 months), so expect more or less twice the outcome of what happened in the 2018 February correction of the stock market.
Right shoulder started to form, I expect to see us correcting to 25,000 sometime in May.
WERE ON A KNIFE'S EDGE RIGHT HERE!! 25,900 POINTS IS OUR SUPPORT RIGHT NOW. We lose this we go back to 25,000. Tune in for more.
Looks like a deadcat bounce today. Waiting on China's Response for a retaliation on the Tariffs from Monday. All the idiots saying that this will just push us to a newer high are all caught up in this Bull Trap. Don't take their word for it. DON'T LISTEN TO THE PEANUT GALLERY!!!!
TARGET BREACHED!!! I EXPECT TO REACH 25,000 DOW, CHINA'S JUST TEASING US WITH THE 60 BILLION TARIFF RETALIATION!! THEY ARE JUST JUST TEASING US WITH THIS NUMBER! THEY WILL SNAP BACK HARDER!!
Expect sideways movement for now after China and Trump stalled their on going trade war disputes. I expect more dire news in June. Keep your eyes open to what unveils next.
TARGET REACHED!! Next Stop is low 24,000 threshold.
We just hit high 24,000s now so I expect the market to slowly bleed more throughout this week. DON'T BUY PUTS THEY ARE TOO EXPENSIVE RIGHT NOW!
Trade closed manually:
The Federal Reserve saved the market for now. Market is only up for a hope that the rate cut is coming soon. If we find out that Central Bank was just saying it for kicks we will probably end up going to my last target box and QUICK. This rate cut is going to happen by the looks of it though, Long the market for now.