Anyone think the market is ready to take another Big Drop?
Right now I'm neutral again after giving back some money I made trading the S&P last week on this 1% drop last few days
Now I sticking with only short term trading.
Thought the market would be doing better but it's not
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Presuming "they" hit the big red button I think it would do well for a correction that would run well by EOY. I think the combination of intl./domestic economic conflict (better said... the real impact of the pandemic) is enough to tip market and make way for strength.
Only things keeping the market up is the huge amount of money being printed, the FED artificially keeping interest rates low, the fact that most market indices have a high percentage of a handful of leading stocks while most stocks are down for months but not influencing indices.
I think its totally possible at this point. If it does maybe looking at the 4225-30 area?
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It needs to happen at some point. So many negative catalysts out there that the market has not been impacted by over the past 18 months. Feels like a house built on sand.
I’ve been doing good better than I thought. I hold for no more than 3-5 days
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