Title says it all - watch for Aug 19th. #Crypto #Fintech #trading
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AUGUST 19th WEEK COMING UP
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Long stocks? Do your own DD but we say be flat by Friday
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We are now today Friday Aug 16th FLAT ALL LONG STOCK positions
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Get Ready.
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Are you paying attention????
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S&P Down 500 points thus far today - pretty much exactly as we thought. Did you get flat the beginning of the week? Hope so.
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Pretty much exactly as this title read - over the past few days. Bounce and then Ker PLUNK !!! Hope you were all out of stocks.
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We hope you heard us - this dumping of assets is NOT OVER YET - it's just the beginning.
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Ok we have had this great "BOUNCE" now be ready!!! Ker - Plunk is on the way within weeks if not days. Not advice - do your own DD
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Played out pretty much as i thought and the virus might have hastened this downdraft but it would have happened anyway - 2800 S&P should stop this bounce for a while at least and a retest of 2100 lows are in the future I believe but who really knows in these crazy times
Still trading within a tight window, next week will be key. If we break below the 200-day moving average and test the 275 level or so we know we've got something. If we break below that a test of the December 2018 lows is also possible.
There should be strong support in the 220-230 range though, I think that will set up the mother of bull markets. SPY should blast off from there
DaddySawbucks
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Spot on!
NewYork888
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Please see last update and know this is a very dangerous place to be long the stock market right now or short for that matter due to the fact that one can wake up to a trade deal with China and we get a rip your face off rally that blows out your shorts even if it will not last - TRADE WITH DEFINED RISK ONLY HERE IN THIS AREA - Not advice - do your own DD. Good luck.
Teklologist
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Agree, and goes with my analysis.
dRends35
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Thanks for the update
NewYork888
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@dRends35, You're welcome we'll see how next week shapes up - meanwhile selling more TSLA OTM calls on this small bounce
There should be strong support in the 220-230 range though, I think that will set up the mother of bull markets. SPY should blast off from there