VIX up 6% with SPX up 0.5% --- is this an intermediate top for the week?

Discussion in 'Trading' started by elite1974, Jun 12, 2023.

  1. SunTrader

    SunTrader

    NQ heading for 15468 area
     
    #41     Jun 15, 2023
  2. don't u guys know already...stonk market only goes up?
     
    #42     Jun 15, 2023
  3. Overnight

    Overnight

    That was funny before 2022 happened.
     
    #43     Jun 15, 2023
  4. don’t forget…2008, 2000, etc.
     
    Last edited: Jun 15, 2023
    #44     Jun 15, 2023
  5. #45     Jun 15, 2023
    KCalhoun likes this.
  6. 2022 was the single greatest year for swing trading. Never will come close to that again. I've said since I joined this board, if QQQ pulled back 5% it would be a complete miracle. There's infinite liquidity that keeps this pumped and at every pressure point it's always met by a V. I can't for the life of me see how this ever goes down again.
     
    #46     Jun 15, 2023
  7. Overnight

    Overnight

    Well, since you joined this board 3 weeks ago, QQQ has been in an uptrend.

    I can understand it not coming down 60% like it did last year...

    qqqdrop.JPG

    But to say a 5% drop would be a miracle is a bit obtuse.

    I think you are eqtrdr or someone like that come back from the dead.
     
    #47     Jun 16, 2023
  8. Nope not anyone from the past. You have to be constantly trained to buy every dip no matter what in this market. That's why a 5% drop is unlikely. Every single red is seen as an unbelievable buying opp. And they know it too, so they barely let it go down in the first place.
     
    #48     Jun 19, 2023