Heavy selling above ES 5800 today.
Helene Meisler (@hmeisler) posted at 6:52 AM on Thu, Sep 26, 2024:
AAII Bulls steady. Bears fewest since 8/21
Mostly nothing done though. https://t.co/tUxw4Z0SfH
A TOP: ST, and possibly IT
Started by
dTraderB
, Sep 26 2024 12:31 PM
10 replies to this topic
#2
dTraderB
-
- Traders-Talk User
- 20,508 posts
Member
Posted 26 September 2024 - 12:33 PM
Barron's (@barronsonline) posted at 8:51 AM on Thu, Sep 26, 2024:
The Stock Market Is Having a Melt-Up. There Wont Be a Meltdown Anytime Soon. https://t.co/7AKibwu456
The Stock Market Is Having a Melt-Up. There Wont Be a Meltdown Anytime Soon. https://t.co/7AKibwu456
Heavy selling above ES 5800 today.
Helene Meisler (@hmeisler) posted at 6:52 AM on Thu, Sep 26, 2024:
AAII Bulls steady. Bears fewest since 8/21
Mostly nothing done though. https://t.co/tUxw4Z0SfH
#3
12SPX
-
- Traders-Talk User
- 14,142 posts
Member
Posted 26 September 2024 - 12:35 PM
I'm sure the chief will flip those sentiment numbers bullish somehow lol!!! The Barrons article though isn't a good sign lol!!
#4
andr99
-
- Traders-Talk User
- 7,636 posts
Member
Posted 26 September 2024 - 01:48 PM
short term top, maybe or maybe not. IT top, I don' t think. This market is going to top out around February or March, I think. The wall of worries is
still far from being completed and until they have finished completing it, the bull is intact.
Edited by andr99, 26 September 2024 - 01:51 PM.
forever and only a V-E-N-E-T-K-E-N - langbard
#5
andr99
-
- Traders-Talk User
- 7,636 posts
Member
Posted 26 September 2024 - 02:25 PM
maybe mid October for the start of a trading range waiting for the elections ? The reason why I don't believe in an IT correction here, is that we've just got out of one
and it would be strange to start another.
Edited by andr99, 26 September 2024 - 02:27 PM.
forever and only a V-E-N-E-T-K-E-N - langbard
#6
RadioHead
-
- Traders-Talk User
- 204 posts
Member
Posted 26 September 2024 - 05:19 PM
Short-term pullback is probable. I doubt the IT top is here. No reason to have a sizable decline yet.
#7
slupert
-
- Traders-Talk User
- 2,889 posts
Member
Posted 27 September 2024 - 06:04 AM
Too much resistance and funky data coming. see my post from yesterday
#8
pdx5
-
- Traders-Talk User
- 9,546 posts
I want return OF my money more than return ON my money
Posted 27 September 2024 - 12:17 PM
"I doubt the IT top is here. No reason to have a sizable decline yet."
I concur. 50 basis point cut will carry the market through Nov 5th.
After that it will depend on who wins presidency.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#9
andr99
-
- Traders-Talk User
- 7,636 posts
Member
Posted 27 September 2024 - 12:19 PM
"I doubt the IT top is here. No reason to have a sizable decline yet."
I concur. 50 basis point cut will carry the market through Nov 5th.
After that it will depend on who wins presidency.
you should know who will win........there's no other possibility
forever and only a V-E-N-E-T-K-E-N - langbard
#10
beta
-
- TT Patron+
- 4,227 posts
lasergirl
Posted 27 September 2024 - 12:20 PM
I looked out my Windows this morning, and saw nothing but butterflies.
Gartleys, to be sure.
"Daytrading -- An Extreme Sport !"
