We have a gap and go to the downside at the moment. No telling
if it holds or not. A definite pause at a minimum here in front of
inflation data tomorrow.
Makes sense... I'm heavily short so debating whether I need any
short term SPY calls for shelter. Seems for past several
days, we end up on the opposite end of where we start but we're now
in Turn around Tuesday and the oils and energy are behaving like I
proposed last week. i.e. Instant replay of early this year.
QQQs tank, oil/energy is only sector up.... still too soon
to tell.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
How we looking for formation
Posted by fredsaid on 9th of Aug 2022 at 10:06 am
How we looking for formation of the bearish engulfing candles on the dailys ? Too soon to tell I imagine.
We have a gap and
Posted by fundamentalvalues on 9th of Aug 2022 at 10:07 am
We have a gap and go to the downside at the moment. No telling if it holds or not. A definite pause at a minimum here in front of inflation data tomorrow.
Makes sense... I'm heavily short
Posted by fredsaid on 9th of Aug 2022 at 10:17 am
Makes sense... I'm heavily short so debating whether I need any short term SPY calls for shelter. Seems for past several days, we end up on the opposite end of where we start but we're now in Turn around Tuesday and the oils and energy are behaving like I proposed last week. i.e. Instant replay of early this year. QQQs tank, oil/energy is only sector up.... still too soon to tell.