SPX broke that Jan high, and with some mustard on it!.... Next key level will be that 2800 area... For perspective I put a price line at this years open also, which happens to coincide with the demand line of a trend channel going back to June of 2016... We didn't even reach this line in the February bloodbath, so I wouldn't anticipate flirting with it now, which makes the 2800 area stand out even more.. Point of reference, $2802 would be about 4.5% up on the year Side note.. I just changed my chart preferences to a green theme cause I got tired of lookin at all red, more of a "chart half full" appearance.... My timing may have been a little off on that one
good to see you checking in @Ken34 i believe if i'm not mistaken you are in georgia? hopefully not in the path of michael?
yes i am, estimated to hit me tonight, should be cat 2 by then...somehow i still have to go in to work tonight...makes no sense lol
oh man, stay safe! keep us posted (that is if you still have power). looks like this thing is really motoring at a rapid clip. i just experienced "florence" the other month, and that was largely a water event, but looks like you guys are gonna get crushed with some pretty devastating winds.
kind of has that february feel to it a little today ... but not quite there yet i believe this is the largest % drop for the major indices since april though.
fwiw (and not that i think we see this today lol) but it is worth pointing out that lock limit down for the indices are at -7% respectively. in DJIA point terms would be about a -1800 drop i think
awe shucks, looks like youtube has disabled my account i had some pretty historical market videos i had uploaded over the years since the 2008 crisis that are no longer accessible. i wanted to share a video from oct. 10th 2008 (exactly a decade ago from today) which was one of the wildest market days i had ever experienced (and still is even to this day). i wonder if i can pull up an SPX intraday chart from that day to give you guys an idea of the craziness that day. does anyone but me remember that day?
It looks like that may be it for the day. Some buying--not strong but some signs of it. But, the SPX actually hit that 2800 level I had mentioned earlier
good call and nice to see you around again @Frankenstein ... i know how you love these types of days and you're great at 'em
trannies even worse -4% i think transports are close to entering correction territory but not 100% confirmed
