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Old 05-22-2022, 06:35 PM   #3987
lamboguy
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Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,735
Quote:
Originally Posted by PaceAdvantage View Post
The volume was higher for Friday's pullback day compared to the previous two down days...which tells me S&P futures are probably heading back to test the 20d moving average...as usual....
this is just a game of speculation, i had speculated that the S+P was going to close below 3800 and then get a bounce. so now i am speculating that its going to stay above that number until its ready to plow down and get into lower numbers. it doesn't really matter what i think or anyone else for that matter. ultimately the markets are going to do what they are going to do.

i am going to stress this point, to me, the whole thing looks quite ugly. intraday the S+P had officially been in bear market territory. when all the indices are down 20% off the top, you will get some heavy duty severe downward pressure for a long long time.
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