Posted by DigiNomad on 10th of Jun 2024 at 02:48 pm
SPX - million of traders that mapped out potential moves
for today expected this....and probably drew in a potential head
& shoulders with the right shoulder culminating about here.
So we're probably going higher. The Lux Algo
regression/prediction indicator I've been trying out has SPX at
5700 by mid August.
Posted by icecoldjones on 10th of Jun 2024 at 04:17 pm
That would be pretty wild for another 340 pts and would make
this year another YUGE year like last. I can't downplay your
example of the market going parabolic if we role into a recession
because I don't think anything is going to slow down this freight
train and/or the money printer.
Posted by DigiNomad on 10th of Jun 2024 at 06:55 pm
Oh, I'm on the train. Not high on cocaine, but definitely
riding.
Trouble with you is the trouble with me, Got two good eyes
but WE still don't see. Come round the bend, you know it's the end,
The fireman screams and the engine just gleams... (engine aka Gov
econ data)
Posted by DigiNomad on 10th of Jun 2024 at 03:05 pm
If the US actually goes into recession (and admits it so that we
have a historical reference point), it seems likely that that
market will spike higher and maybe go super parabolic. Why? Look at
the DAX after German recession announced - straight up. Covid
shutdown - straight up. Etc.
Money printing at this level has created the ULTIMATE rich
get rich and keep getting rich environment. It couldn't be better
for one side because at first sign of real weakness their
businesses are going to be inundated with even more printed
currency.
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SPX - million of traders
Posted by DigiNomad on 10th of Jun 2024 at 02:48 pm
SPX - million of traders that mapped out potential moves for today expected this....and probably drew in a potential head & shoulders with the right shoulder culminating about here. So we're probably going higher. The Lux Algo regression/prediction indicator I've been trying out has SPX at 5700 by mid August.
That would be pretty wild
Posted by icecoldjones on 10th of Jun 2024 at 04:17 pm
That would be pretty wild for another 340 pts and would make this year another YUGE year like last. I can't downplay your example of the market going parabolic if we role into a recession because I don't think anything is going to slow down this freight train and/or the money printer.
So get on the train,
Posted by mastermind on 10th of Jun 2024 at 05:01 pm
So get on the train, Casey Jones.
Oh, I'm on the train.
Posted by DigiNomad on 10th of Jun 2024 at 06:55 pm
Oh, I'm on the train. Not high on cocaine, but definitely riding.
Trouble with you is the trouble with me, Got two good eyes but WE still don't see. Come round the bend, you know it's the end, The fireman screams and the engine just gleams... (engine aka Gov econ data)
You're telling me! I just
Posted by icecoldjones on 10th of Jun 2024 at 06:22 pm
You're telling me! I just need to swallow all my losses and jump on the bandwagon before it runs me over.
If the US actually goes
Posted by DigiNomad on 10th of Jun 2024 at 03:05 pm
If the US actually goes into recession (and admits it so that we have a historical reference point), it seems likely that that market will spike higher and maybe go super parabolic. Why? Look at the DAX after German recession announced - straight up. Covid shutdown - straight up. Etc.
Money printing at this level has created the ULTIMATE rich get rich and keep getting rich environment. It couldn't be better for one side because at first sign of real weakness their businesses are going to be inundated with even more printed currency.