maxtorrent
Short

S&P 500 Bounce the Ball...

INDEX:SPX   S&P 500 Index
261 3 6
Back of the napkin calculation...Expect a run down to 1832 (maybe by Friday) which could take the SMA-9 to 1905 where the SMA-200 is; followed by a bounce or crawl to 1904...before recommencing the move down. Very Short Term LONG, Long Term SHORT

It is unusual to notice whenever the Fed is close to taking its foot off the gas all market hell breaks loose! Wouldn't be surprised if there is a surrogate or explicit #QE4 in that case all tech charts go out of the window!

Related Ideas

maxtorrent
20 Points...
maxtorrent about SPX 2 years ago
Will Wong
2 years ago
I think the FED announced QE4 albeit in low volume but low rates postponed further. That's why the DOW rebounded from an almost 300 point drop to end the day just down 24 points. That is a long hammer which could be bullish tomorrow. Time will tell.
Reply
jonatsgonats
2 years ago
bears go broke though...
Reply
maxtorrent jonatsgonats
2 years ago
Bears go broke...because this isn't an equal game it's bulls + the Fed against them...
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out