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tsptalk's Market Talk
- Thread starter tsptalk
- Start date
The S&P gapped above the 200-day average and is already running into the 50-day and 100-day EMAs. Is this another 2016 post-election situation where it is going to keep up the momentum, or is this a quick emotional rally?
The financials are negotiating the 200-day EMA this morning.
The financials are negotiating the 200-day EMA this morning.
On Monday I posted an interesting comparison of the current action to 2007. If the pattern continues this rally would go a little longer before peaking and making a lower high. You can see those charts here...
https://www.tsptalk.com/mb/blogs/ts...fades-friday-election-could-market-mover.html
https://www.tsptalk.com/mb/blogs/ts...fades-friday-election-could-market-mover.html
James48843
Well-known member
I'll take "A" for 1,000, Alex.
wavecoder
Active member
The market probably just needs a breather, that was two big gaps up in a really short time. I was nervous at first, but I'm starting to think these fed hikes are going to be priced in by december, and won't cause a dramatic crash like 2008. But I could be wrong haha.
Overall trend though might be down, since rate hikes I'd imagine are some serious headwinds to the market? Would we see a downtrend that equals the magnitude of uptrend QE caused?
Overall trend though might be down, since rate hikes I'd imagine are some serious headwinds to the market? Would we see a downtrend that equals the magnitude of uptrend QE caused?
wavecoder
Active member
could be short term bullish if 2700 is held, imo
another crazy day and there's still over an hour left
Volume is picking up on this climb up, I think this is going to creep up into the close and erase a good portion of the red. Maybe not entirely but it's looking like buyers are stepping in now, though that 2700 is an important level for bulls and bears. We might fight over that spot for another day before its next big move up or down.
another crazy day and there's still over an hour left
Volume is picking up on this climb up, I think this is going to creep up into the close and erase a good portion of the red. Maybe not entirely but it's looking like buyers are stepping in now, though that 2700 is an important level for bulls and bears. We might fight over that spot for another day before its next big move up or down.
FireWeatherMet
Well-known member
Yay on the filled gap!!!! 
Dow jumps after Trump says China wants to make trade deal
https://www.cnbc.com/2018/11/16/dow-jumps-after-trump-says-china-wants-to-make-trade-deal.html
https://www.cnbc.com/2018/11/16/dow-jumps-after-trump-says-china-wants-to-make-trade-deal.html
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