if NASDAQ can't make 12000 plus by the end of the month I'm not holding up much hope for any recovery. 500 points in one/two days is not a big ask these days so if it can't find the strength now then I'll be looking for short singles.
If it stays above 2600 this time next week and some good news comes out we could see new record highs by the end of the year? If bad news is released and midterms go against Trump and the markets starts closing below 2600 we could be in a bear market by December?
long - short - long. trying long today see what happens?
Time to claim back some of last week’s correction. NAS also looking strong and long
if the opening continues to fall we could be in for a 20+ point drop into next week? JMHO
Looking like a long move towards new all time highs for the SP, NAS and possibly Dow.
Possible short into next week if we have another down day but I don’t current think it’s the big short people are looking for. So if we have a lower low and a negative close then a short short for now.
If SP moves below 2820 after the opening and closes below 2820 then more to come. I’m not 100% convinced this is the big kahuna burger that some are expecting but as long as I’m in the right direction who cares…
The over night drop due to Trump talk has created an opportunity to enter long
After 200 points short things have turned long, there could be a better entry point coming up? But long with caution as it’s coming up to the holiday session!
All looks good for long, see what happens over the next 24 hours if we can continue past 2750?
If there’s no solid improvement on the day’s high in the next few hours – then back down with lows beyond last weeks 2533