The market bounced back up to 113 for SPY and 46 for QQQQ. It did drop down to 106 for SPY and 42 for QQQQ. Yesterday it was one of the craziest day that I ever witnessed of trading.
Where is the market going from here in short term view?
113 for SPY and 46 for QQQQ is a temporary support level. The real good support level for SPY is at 106 and 42 for QQQQ. As I looked over the charts last night, there is one gap to fill up. The gap is at 1200 for S&P500. Also the market could retrace back up to 1180 for S&P 500.
If you want to invest your money in equities, the gold stocks are the safe bet. In the past the gold stocks went higher as the market went down.
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oh my
ReplyDeletestraight down again.. slowly but surely
drusl
trin 6.22!!!
ReplyDelete109.75
vix +9 to 42!!
nothing but selling
damn i feel like i'm missing out :(
trying not to do anything
all computer set to sell mode haha
yeepo
SPXU trades weren't canceled! Yeah!
ReplyDelete"nasdaq has said it will cancel all trades that were executed between 2 pm and 3pm est, in which the stock price traded more than 60% off of the stock's price at 2:40 pm".
pougamno
oh yeah , there are 296 stocks on the list.
ReplyDeletemyess
i scalped .49 in spxu around 1 est in around 15 minutes time.
ReplyDelete33.48 to 33.97
the rising wedge broke down (should have entered there).. but let it play out some and trin went bearish more so i hopped in for a quick play ..
adicing
looks like we have a descending wedge now..
ReplyDeletei doubt we'll breakout to the upside much
intiogr
fall fall falling apart.. i love it
ReplyDeletejust wish i went into spxu again for a scalp. damn it.
bubles