Only short covering rallies, not long-covering dumps.
Just sayin'….
The S&P 500 Index is back down “to the penny” to the exact midpoint of the 2009-2022 Bull Market Channel.
— Carter Braxton Worth (@CarterBWorth) September 22, 2022
In May, the $SPX bounced off the midpoint; here and now, in mid September, we think the market sinks below the midpoint line.
https://t.co/RRxJAeLcgO pic.twitter.com/u6M1CJPRyU
irish pete ag06 said:
Wanna see something crazy...
$500 DCA'ed into TQQQ from it's inception to now.
By no means am I suggesting anyone should do this. Just thought that was a wild chart.
Quote:
As a trader, the goal is not to catch every move, nor is it to catch the entirety of every move. If I can catch a piece of 1 or 2 moves a day that correspond with one of my setups, I am more than happy. Trying to catch everything leads to FOMO, and losses - market is moving all day every day, and there will always be another trade.
Bob Knights Liver said:
SAVA finished above $50. A decent amount of $35-$50 calls would close in the money tomorrow if it holds. It'll be interesting for sure. Like I said, I don't think it's likely to move too far out of the $50-55 range without some other good news. But I've been wrong before!
Rep. @RashidaTlaib challenges bank CEOs to agree to stop funding fossil fuels, is rejected by every single one
— Tom Elliott (@tomselliott) September 21, 2022
Jamie Dimon: "That would be the road to Hell for America" pic.twitter.com/U7yr6AbtyF
irish pete ag06 said:Rep. @RashidaTlaib challenges bank CEOs to agree to stop funding fossil fuels, is rejected by every single one
— Tom Elliott (@tomselliott) September 21, 2022
Jamie Dimon: "That would be the road to Hell for America" pic.twitter.com/U7yr6AbtyF
Sorry if this was posted. Made me lol
Bob Knights Liver said:
The fact that we have a Congressman openly pushing against energy with no viable alternative is disgusting to me.
Farmer @ Johnsongrass, TX said:Bob Knights Liver said:
SAVA finished above $50. A decent amount of $35-$50 calls would close in the money tomorrow if it holds. It'll be interesting for sure. Like I said, I don't think it's likely to move too far out of the $50-55 range without some other good news. But I've been wrong before!
SAVA.....continues the dance tomorrow
BaylorSpineGuy said:
COST posted a double beat and promptly went down 12 pts. Pricy stock but always watch this one closely.
$TSLA
— not DBook (@DBookTrading) September 23, 2022
Nothing to see here...just a close under 200ma with big volume gap below ⚡️ pic.twitter.com/scSfyfkH0E
BaylorSpineGuy said:Bob Knights Liver said:
The fact that we have a Congressman openly pushing against energy with no viable alternative is disgusting to me.
I lived in Michigan for several years: Grosse Pointe and Ann Arbor. Very familiar with the Dearborn area. She very well may be the least talented person in that district. They could do so much better than her.
While #ES_F won't go there in a straight line, worth noting the 200 week MA is now 3580, and has been tested or served as bottom during every major corrective cycle (2020, 2018, 2007, 2000 1987).
— Adam Mancini (@AdamMancini4) September 22, 2022
Obvious magnet & unlikely to be a real, multi-month "bottom" without seeing it https://t.co/J5Y4cepJjd
DOW FUTURES DOWN 0.6%, S&P 500 E-MINI FUTURES DOWN 0.7%, NASDAQ FUTURES DOWN 0.9%
— *Walter Bloomberg (@DeItaone) September 23, 2022
I don't think we have seen a low yet. I suspect we have more of the same grind through midterms and into 1st qtr. SPX 3505 (3505.24) looks to me to be a magnet. How quick who knows. Grind, micro rally, sell, rinse and repeat. Capitulation at some point. Hard to go nuclear short here. But also hard to go long here IMO.BaylorSpineGuy said:
Unfortunately, I don't think we are that close. Lol but I'm loaded to the gills in puts in case this thing wants to hurl tomorrow!