Yeah, the daddy that's already down 2 percent off it's recent high, with the QQQ down a mere 1 percent and you pumping, as usual, INTC all the while.
Support that had been propping the overbght markets up will be finally be broken tomorrow, ie spy 500 1985. Macd turned over. Gold starting to look oversold.
You are correct that the correction will now be gaining steam as of tomorrow, the support that had been propping the markets up as volatility picked up will be finally be firmly broken as of the open, the support on the SPY had been 1985.
Congrats to all longs who sold INTC above 35.00.
Not so sure the SQQQ hits 40.00, if the markets do break down further, the SQQQ may only get to the 39's. ie about the same point of the 50 day for the QQQ
Tomorrow will be bright and sunny. Sunday too, Monday is an entirely different story.What is fairly certain is that Waldo will continue his nonstop INTC pumping with cut and pastes while actually doing nothing of any significance.
Pity his poor wife, all the anticipated marital income just went up and disappeared. No marital property, no marital property award.
the only ones making any money in INTC IN about 2 months are the traders. the share price has gone nowhere
As predicted, the inside day that produced a hammer on the close yesterday has resulted in an up day for the SQQQ, and a down day for Waldo's favorite chip stock. Pity he never shorted ARMH when it hit overbght to offst the downdraft in his beloved INTC
The problem that will in all liklihood hit INTC longs is that when the real correction comes, they'll think it's just another dip, only to get with a meaningful and significant pullback. Hammer time.