The US govt. will not shut down! So where Are we heading now?
Updated
How interesting is this—markets seemed nervous for 3 weeks as we approached the deadline to fund the U.S. government. The deadline passed over the weekend, and a deal was reached. Yet, here we are, with Dow futures opening down 80 points.
With Christmas Eve tomorrow, it looks like the Santa rally got canceled this year. Five Dow components are already in bear market territory (down more than 20% from their highs).
So, what do you think? Is this the perfect spot for a pullback, or do we rally from here? I’ll be looking for weak spots to short with a tight stop—and I’d love to hear your thoughts.
Leave your comments below!
With Christmas Eve tomorrow, it looks like the Santa rally got canceled this year. Five Dow components are already in bear market territory (down more than 20% from their highs).
So, what do you think? Is this the perfect spot for a pullback, or do we rally from here? I’ll be looking for weak spots to short with a tight stop—and I’d love to hear your thoughts.
Leave your comments below!
Trade active
Do you think the DOW just made a lower high in 42,500 area? What are the chances it will get tested before we test all time highs?
Lets see if they buy the gap down and close in the green, or we sell off and go test the 42,500 area.
Trade closed: target reached
42,300 covered for almost 1,000 points...
if there is any interest in thought process, lets talk in the comments.
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