All I want this market to do now is get through October.
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How likely is that yesterday’s Smart Money pulls the sell algo’s trigger today?
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No crash this Oct. Weekly timeframe indicators, macd, sto, rsi, ect.. most are very low & oversold. The dab below the weekly 200ma is just that, a dab. sucker in bears & rid of weak bulls for the springboard rebound. History shows Oct is best month to jump in after long declines.
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Still can def go down. Im as overly bearish as some though. I think the bears are going to get squeezed hard very soon. All the big money on puts and shorts. RSI indicators say still roll down. 3300 would be absolute lowest in October and I don’t see that unless earnings is bad