This board is doing a big dis-service to everyone.
All of my analytical posts with data source are being deleted, only emotional assertion got posted. I think someone or algorithm is working very hard to filter out the real information and feed everyone garbage.
I am calling it again. (Second time this week).
SPY will start to rise before 10:00 EST. The selling has no strength. The market will turn green at the end of the day. 190 Tomorrow.
What is the leverage ration, may I ask? And how does that compare to the situation in 2007-2009?
And TLT is ridiculous. "Flee to safety" LMAO Are they afraid of Japanese and Chinese dump the US gov issued junk bond at this moment?
If you keep repeating the same statement, you will believe in it.
China's market does not even open this week, and the oil price is being artificially holding down by one country. Japan and EU are bad, but is that really news?
I have to adjust SPY's closing price forecast, due to today's anomaly last hour selling. I suspect 75% of this week's trading is done by bots. That explains the squeeze of of time frame in price movement. No human beings trade that way.
Short covering has started.
The market did not open above 187. Head fake drop to round up the last batch of fake greedy bears. SPY will close above 187.50 at the very least today.