No argument there. I agree it doesn't look good. I've a tendency to sit on hands a little too long while waiting for confirmation before I act. I've learned I'm good at guessing but horrible at guessing right.
timeframes of interest? could go a lot of places between now and 2500. much can depend on when. here's a robust opinion statement by sir deek...from friday... https://elitetrader.com/et/threads/...ile-but-here-it-is.340915/page-9#post-5023737
They don't have any time frame. I am not being rude, I am really not but there's countless of threads people calling targets up and down. Everyone see's the market go down a lot, now that they see the move they call lower, just like when market goes up they see it go up now they call a target high. Has absolutely nothing to do with actually making money 99% of the time. I am sure there's some people who call it and trade it, but even if they do it isn't realistic info for actual traidng.
My spitball guess is that the rest of the year will see a range between SPX 2725-3150. Governments right now are holding fire because there isn't any benefit to jamming the stimulus accelerator as covid cases are still in the exponential growth phase. The time will come in mid/late April or May; the Fed will cut to zero and reactivate QE in H1, while midyear will see massive fiscal stimulus in EU and Asia (probably not here as Dems will want to sabotage Trump). Problem then is the prospect of a Sanders victory which will have 80% of equity owners shitting themselves.
any wild guesses out there about where something like that would take zb 202006 june bond futures for the duration mentioned? zb 202009 sep bonds?
Death o the dead cat bounce already? Mkts dropping a bit, time will tell.... I make swing decisions re hold or not based on close, eg I add if closes nr 2day hi, scale out if closes nr 2day low This market reminds me of nightclub hotties, curvy & unpredictable lol missing my playa days
You're pretty late to the game with the market already pricing in multiple rate cuts, bonds in a huge uptrend already for 16 months, and yields down to 1.7%. My guess is there's no significant upside remaining and we're going sideways from here for several months, at least.