zoom just got its dick shot off by like 6% in 10 minutes.
zoom just got its dick shot off by like 6% in 10 minutes.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
So here is my revised gut feeling - And if I’m being honest it’s mostly based upon a conversation I had with a market wizard, following Adam Mancini on twitter and taking my reading/research on the overall market to the next level.
We got one more solid crack at getting the S&P over ~2780 tomorrow. Keep in mind this is an “ish” number. 2765 might get it done or 2799 may not be enough. Point being we need to be able to point to the chart and see bullish breakout of the rising wedge pattern that has developed over the past week +. If we get over it’s happy days are here again - V shape recovery back to 3000 for the time being.
That’s not the most likely scenerio but it’s in the cards. More importantly the fed knows it’s in the cards. Spending a few buckets of billions now to trick the market and the algos into thinking it’s a bull market all Over again will be a lot cheaper than constant intervention down the road.
The historically more likely scenerio is a market reversal. A rising or falling wedge pattern is a reversal pattern. If the market tries and fails three times to get over in a rising wedge it almost always violently corrects downward. If we don’t go over and we trend lower it’s more or less a given we going to retest 2620ish and smash through it.
If you have any interest in this at all tomorrow is the day you want to pay attention too.
Full disclosure - I haven’t touched my main retirement funds for my wife or I. I never sold on the way down and kept it in on the way up. If the market bounces off 2780 tomorrow and starts to go lower I’m moving out of stocks and into whatever conservative options are available.
not that i consider this contrarian to what you posted but i see no real reason we cant break spy 300 and go on to test lows after.
turning the DJI into a sock puppet is going to be a lot harder after the real estate market takes down the credit market and suddenly GE cant cash its paychecks.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Remember when you were a kid and you stood on those swings with the long metal chains and rocked them to get higher and higher and you got right to point before you would do a 360 and wrap around the pole...that's how it feels every morning when the market opens.
Fuck, its the first thing I check in the AM before IG.
I will be glad af when this subsides back to normal. Have I mentioned on the this forum already how much I need to get back to having a 19 yr old's hard throbbing cock in my butt?
Just checking.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Powell read this thread and is going to turn the printer on full blast from 2pm-4pm
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Another 6.6M jobless claims, and the markets are up nearly 2%.
SOBCHAK SECURITY 213-799-7798
PRESIDENT JOSEPH R. BIDEN JR., THE GREAT AND POWERFUL
DEAL WITH IT LIBTARD, WE WON YOU LOST, #MAGA, #BRRRRRR
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
if you ever thought that there was an inkling of bullshit in 'don't fight the fed' these last few weeks should prove that this is one of those 100%ers...
It keeps punching 280 but gets knocked down.
i was pretty married to the selloff theory but the impending oil deal might be enough to get people to dump their short positions before the bell.
so yeah not sure which direction this breaks but gotta assume its going to be 296 or 268 close, some shit like that.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Uh-oh maybe not.....
Just shot below 277 and still sinking. This is certainly getting interesting.
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