I think all this tariff stuff is just to bring other countries to the negotiating table. I think eventually, there will be serious trade talks and it'll blow over. But for now, wall street is making a big thing about it.
Yesterday the bulls couldn't close at 2725. And so, it gapped down. But it's in an area that is appetizing for averaging in. The price will climb back up, according to my theory. I just have to identify when it is best to add to my current long positions. From a certain perspective, this collapse is nice. I like the challenge of this volatility.
Ok. I averaged in at 2673 SPX. If it collapses more, I shall probably enter long some more. The SPX will go back up, according to my theory. But these are excellent buy opportunities.
i bought some LABU today. im sad i wasnt in the house about an hour ago, i missed buying tencent or square or micron, which all look attractive to me.
wow, some serious buying coming through! dang i wanted to double down on my LABU i bought today, oh well, ill take the gainz.
From a broader perspective, the SPX is range bound within a broad range: basically, 2650 to 2800. This suggests that the price favors the bulls.
It feels like we could be at 2850 right now and people would be thinking the price is high but ok. From that standpoint, the price at 2675 is reasonable relatively speaking--for going long.
bought some micron today, its never a good idea to buy right before earnings, but i took a huge gamble, will i be smoked or will i do the smoking?!?! we shall soon find out!
The 4 hour chart is forming an inside bar. We should know tomorrow where the price wants to go--but according to my theory, we are in a buy zone. Any more collapse in the near future is merely more of a buying opportunity for institutional traders
just had one of the lowest tick readings of the day around -1100 lol, they trying to push this back to session lows before the end of the day i guess
Not looking positive for the bulls today intraday. They lost that key 2670 level. But, the price shall return at some point for the bulls in the future--and a person could exit minimally at break even or at some level of profit. The key is to have a plan and know price behavior. This is a buy zone, from my theory, even if it doesn't seem like it.
Have a plan, and this can be a buy zone for some people. I know some people are calling for a retest of 2600...Rock said that wasn't really a bottoming candle on that day, I think he looked at it on the weekly time frame.
