market was up 17% in three days. There is going to be a
pullback (need to recycle to bring new buyers in) or else it just
becomes all short covering and then no new buyers , market momentum
wanes and sells off. You want to see institutional buying
(they are not going to chase momentum). They buy at support
regions that Matt points out during the day.
market was up 17% in
SPX 5 and 15 min
Posted by ssaffer on 27th of Mar 2020 at 01:43 pm
market was up 17% in three days. There is going to be a pullback (need to recycle to bring new buyers in) or else it just becomes all short covering and then no new buyers , market momentum wanes and sells off. You want to see institutional buying (they are not going to chase momentum). They buy at support regions that Matt points out during the day.
Input appreciated
Posted by retirefire on 27th of Mar 2020 at 01:58 pm
Input appreciated