Pretty orderly stairstep down
59 South said:
Triple Bagger watching his chart right now....
Spoony Love said:
Nice.
I know it isn't high volume but with that increase it was some serious selling. I'm guessing we have more later on today.
no one can, lolsts7049 said:
i can't understand why you are going long right now
seen this one? lolProgN said:59 South said:
Triple Bagger watching his chart right now....
He will be right. Just watch.BREwmaster said:no one can, lolsts7049 said:
i can't understand why you are going long right now
Always trust your judgment.BaylorSpineGuy said:
Should've trusted my judgment on LNG! It's down 15 pts in like 3-4 trading sessions. Ugh!
If you can't understand why I'd want to buy QQQ at $300 for a long term hold then I don't know what to tell you.BREwmaster said:no one can, lolsts7049 said:
i can't understand why you are going long right now
All week 4020 has been the sell trigger in #ES_F and its clear why. Excellent follow through with 4k, 3985-80 1s targets & clipped 3985-80 (now basing here after quick wash below)
— Adam Mancini (@AdamMancini4) August 30, 2022
Bounce zone, but 4020-30 must reclaim to set a "low". Today's low fails, we begin next leg to 3870 https://t.co/WtY9Vtau3r
FED'S BARKIN: I AM CONCENTRATED ON BRINGING RATES TO RESTRICTIVE TERRITORY.
— Breaking Market News ⚡️ (@financialjuice) August 30, 2022
Went with 100 Oct 21 $12.50 FIG calls.oldarmy1 said:
FIGS chart set up looks excellent for a breakout move.
Dan Scott said:
A big green account when the market is falling is better than some sex
Dan Scott said:
A big green account when the market is falling is better than sex
The Fed controls the market. People thought the Fed was done with interest rate hikes after Powell said they had reached neutral levels with rates during the July FOMC speech. This was misinterpreted and every Fed speaker after that speech tried to clarify but the market didn't listen and rallied all the way to the 200 EMA. Powell set the record straight at the Jacksonhole speech last Friday and now the market is adjusting for more rate hikes and more time with higher rates.Romello said:
Why the sell off now? What is priced in that hasn't been known for the past 6 months or more? The summer bull run and now this??? Why now?