yeah well in my experience over the years the cash markets are
king. It's the cash market that wants to test those psycholoical
areas, it's what shows up on news, CNBC, laymen, not the
futures
again the big question is does cash SPX try to test it now, or
get a nice pullback first then re-test it later on. I think
3300 is inevitable , but doesn't mean it tests now, but
eventfully.
and we should all want a pullback, it's healthy. plus a nice
pullback before earnings season is probably a buy into earnings
season
price action is what's important in the short term, and a small
wedge to monitor on SPXU
3296.75 was the high in
SPXU 120 min
Posted by stevieb294 on 14th of Jan 2020 at 10:02 am
3296.75 was the high in the overnight market. Pretty damn close.
yeah well in my experience
Posted by matt on 14th of Jan 2020 at 10:05 am
yeah well in my experience over the years the cash markets are king. It's the cash market that wants to test those psycholoical areas, it's what shows up on news, CNBC, laymen, not the futures
again the big question is
Posted by matt on 14th of Jan 2020 at 10:19 am
again the big question is does cash SPX try to test it now, or get a nice pullback first then re-test it later on. I think 3300 is inevitable , but doesn't mean it tests now, but eventfully.
and we should all want a pullback, it's healthy. plus a nice pullback before earnings season is probably a buy into earnings season
price action is what's important in the short term, and a small wedge to monitor on SPXU
agree
Posted by stevieb294 on 14th of Jan 2020 at 10:06 am
agree