News from the G20 summit contributing to a huge rally from recent annual lows, with S&P futures gap opening 40 points up today. Backing this trade out around its original cost and looking for individual stocks to make moves on instead.
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Also appears that a short term double bottom is forming.
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Backed out at costed, re-entered later but didn't post chart. Will leave out of W-L-T count
@Audicted, Indeed! TBH, I've been caught up in cryptocurrency trading today and have paid little attention to indices. I am equally invested in both but was caught off guard with how much crypto dropped today. I assessed that BTC's Bear market was truncated and that it had began a new cycle... was waiting for Hope/Disbelief and was instead greated with Despair! Haha. Have still managed to increase my holdings by ~15% so far. Hoping to make more from an open Short.
I wonder if capital from crypto sells will funnel into the indices to give them a minor correction tomorrow. Perhaps between $2765 and $2800 over next two days with the weekend bringing the next large dip down?
MrDiamondHands
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@Teklologist, Glad to hear you were able to get in on the crypto action.
Interesting thought, I think markets are just shifting toward "risk-off". Crypto dumping and stocks sliding, while US government bond prices are rising. The next few weeks will be interesting to watch, that's for sure.