johnpaulca
12,036 posts
msg #129379
- Ignore johnpaulca |
6/24/2016 8:50:23 AM
karennma
6,239 posts
msg #129375
- Ignore karennma 6/24/2016 8:36:48 AM
JP,
Whadd'ya say? How long is this gonna last?
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Don't know.
-markets are oversold and will mean revert...for sure!!
-USD will rise and pressure commodities...see oil
-Banks will get a well deserve haircut.
-lot's of volatility, great for scalpers, will suck for directional traders.
-wait until the dust settles would be the prudent trade.
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karennma
8,057 posts
msg #129380
- Ignore karennma |
6/24/2016 8:54:39 AM
"pressure commodities" -- except gld and silver. LOL!
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karennma
8,057 posts
msg #129381
- Ignore karennma |
6/24/2016 8:55:28 AM
"Pressure commodities" - yeah, I see GUSH just tanked bigtime!
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johnpaulca
12,036 posts
msg #129382
- Ignore johnpaulca |
6/24/2016 9:02:12 AM
SPY....BB125 on daily will be your 1st support, should see some consolidation here. At this point I'll be tracking money flow, don't think big money will enter now because of all the uncertainty. Guessing the market will starting focusing on the presidential race next...imho.
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johnpaulca
12,036 posts
msg #129383
- Ignore johnpaulca |
6/24/2016 9:24:22 AM
SPY....looking at 201.52 for support which coincides with mid BB125(daily)
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johnpaulca
12,036 posts
msg #129384
- Ignore johnpaulca |
6/24/2016 9:41:56 AM
SPY...oversold bounce in play, will be looking for support or resistance. Since it's a bounce it will be looking for resis...205.19 will be your first minor on 30-min
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johnpaulca
12,036 posts
msg #129385
- Ignore johnpaulca |
6/24/2016 9:43:47 AM
SPY...206.55 will be the next much stronger resis
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graftonian
1,089 posts
msg #129392
- Ignore graftonian |
6/24/2016 4:50:21 PM
well, that was fun. A few bucks to be made on UPRO in the first 15 minutes, then back to SPXU.
Will you look at the action and volume in the post market. Looks like Monday will be an exciting day also.
Have a great weekend, folks.
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johnpaulca
12,036 posts
msg #129400
- Ignore johnpaulca |
6/24/2016 7:25:12 PM
johnpaulca
9,888 posts
msg #129385
- Edit message 6/24/2016 9:43:47 AM
SPY...206.55 will be the next much stronger resis
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major rejection at 206.55...this is why it's important to know turning points.
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Mactheriverrat
3,172 posts
msg #129401
- Ignore Mactheriverrat |
6/24/2016 8:06:05 PM
SPY...206.55 area is a resistance alright.
A old time investor Peter Lynch of Fidelity Investments wrote in one of his books that sometimes things happen that no one was expecting . Like England leaving the EU is a big one IMHO. Just how far we fall is a big guess to anyone. Could this Brexit a preview of voter's rejecting the establishment politicians here in the United State in 2016.
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