Taper effect still ongoing. With the March Rate hike in the corning. This should send the index following NFLX, NVDA, FACEBOOk and BTC Minimum target 2500-2450
Short hedge all your bets here RUN it BACK TURBOOOOO To WUHAN WE GO
No RagRETS
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S&P lower timeframe update. Implosion is well underway. Leading bearish diagonal morphing into fruition.
Remember wave 3 isn't the shortest :) its where all monies are made
GET YO PUTSSSSSS
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Putin about to make our puts PRINT LFG short every damn bounce
Hi....oh no, not another one. Been seeing/reading this kind of statement for months & months now. Been watching this on Trading view for a looooong time now....and EVERYTIME the market/s have dropped it just keeps coming back up (sometimes to new ath's) "they" will not let it happen, not let it drop that much UNLESS we have another pandemic/world war etc, but in 'normal' day to day trading, not a chance. No Gov in power wants to be the ones who let the market crash, they will do anything (Fed etc) to keep it up and wait for next Gov to deal with the problem......In my opinion DJI might go to 30k at best. It's struggling to go to 34k and lower. Listen I am of the same opinion, it should drop/crash whatever but it just seems to keep holding.....sure there will be drops of like 2/3/4 or 500 points but 1/2/3/4 or 5000 points - not convinced anymore. I hope you are right & I'm wrong. I am SHORT full on at the moment. Thanks for sharing. Cheers
Tradersweekly
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@Laurent10, I have been seeing/reading doom and gloom reports for past 15 years. Yet market always manages to go higher.
Laurent10
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@Tradersweekly, absolutely - exactly what I have been seeing as a trader for the last 13 years......maybe this time it's different .....
Tradersweekly
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@Laurent10, Time will tell. Thanks for the response.
HoldAndChill101
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Idiots spreading misinformation by drawing stupid lines to justify their points. Yes its gonna correct itself but not like 50-80%
Laurent10
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@HoldAndChill101, gotta be (misinformation - been going on for so long).....yeah it's gonna correct sure, but not by 50-80%
rrrikke
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@laurent, the 90yr bull run is over... you just don't know it. Just need to know the cycles. At the end the market doesn't like the current uncertainty ahead and it will force the FED to play ball and choose between recession and hyperinflation. Oh, for sure they will taper the taper. Only this time it is different. Powell is only re-nominated as he promised to fight inflation. As soon he walks balk the taper talk he is out. The selling before this happens will be vicious and you will only realize it when it is already over. My estimated guess is -50% from the top first leg. So yes 2400-2500 zone. Then the dead cat bounce till the summer. And then we go lower then 2020.
Laurent10
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@rrrikke, I hear you, I do - I just cant see 'them' allowing it to go that low.....a drop/crash is due in my opinion, but when & by how much I have no idea. How much longer can SHORTS (like me) hold on....AND I know that if I change my position to a LONG when it goes back up it will probably tank - so personally I'm very uncertain right now, not really sure/confident it's going to drop enough (5/10/15 or more %) before I close my shorts (with profit) to go long. Thanks
rrrikke
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@Laurent10, not so difficult ... another round of selling till 4100-4000, makes up for what the bulls will call a healthy 20% correction. If around that point there is any event that will scare the markets then a black monday like event with -20 -30% could happen. Voila -50% ;)
The exit-door will be to small ... and those buying the dip are only trying to catch a falling knife.
The Fed will 'communicate' in advance what they will do before the first rate hike end of March. If inflation continues to rise well above expectations for Jan and Feb it could well be the announcement of a 0,5% rate hike that could spook the market.
Laurent10
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@rrrikke, I fully see and agree with all that you are saying - it now just needs to happen. Thanks for getting/coming back to me, appreciate it. Cheers