The futures ended the day down around 23 S&P 500 points. However, there was only a modest amount of net sell volume today, roughly what you would expect for a day where the S&P 500 was down around 5 points. This move today was set up over the last two trading days. Based on the action today, there is still more downside to come. How much more will depend on how fast investors figure out what is going on. If investors (like Z and southy) buy every time that there is a bull trap set up for them, there could be plenty more downside to come.
yes i dont understand a word you say....simple mind here, please dont make me smart or ill start to loose money like you....keep using your volume hour glass, lol.....please dont fall off your magic carpet while your at it.....peas, the laughs are worth $1000 a week
NY, if you look at weekly or monthly charts from 2008, you will see this action mirrors that. (the past few months)
You had an initial wave with huge downside volume in mid August. (That was the smart money getting out fast) Then you had traders/money mgrs. scrambling, because they were caught napping....they were desparate to pump the market up in way they could.
And now that they were able to get out at higher prices, the market can now resume its downtrend.
I'm so confused. I thought SPY went up no matter what. That's the lesson I've learned since October. This is so strange to see SPY go down.
I want to cry because my SPY puts are in the money, and I wanted to lose it all.
This market makes no sense.
If Europe blows up, that means U.S. GDP will be 3%+ next year. I thought Europe blowing up would be good for U.S. companies.