Learn more about the most powerful stock market system, The Beanieville System:
here and, more comprehensively, here (with several major posts you can go through).
Today's move shouldn't have been too surprising for most of you, excepts perhaps the magnitude of the selloff. We got the dojis, point and figure resistances, selling of the January Effect stocks, and the big kahuna welfare line report on Friday (which is likely gonna be a stinker).
Guess what? We're not done yet. A doji and a big red candle selloff doesn't end that easily.
We are near the support area of SPY @ 90. I think sometime in the first half tomorrow we'll probably get a light rally.... and it will most definitely end in a big selloff again the second half, for the reasons named above. People will be very scared holding stocks into Friday's number.
here and, more comprehensively, here (with several major posts you can go through).
Today's move shouldn't have been too surprising for most of you, excepts perhaps the magnitude of the selloff. We got the dojis, point and figure resistances, selling of the January Effect stocks, and the big kahuna welfare line report on Friday (which is likely gonna be a stinker).
Guess what? We're not done yet. A doji and a big red candle selloff doesn't end that easily.
We are near the support area of SPY @ 90. I think sometime in the first half tomorrow we'll probably get a light rally.... and it will most definitely end in a big selloff again the second half, for the reasons named above. People will be very scared holding stocks into Friday's number.
