Not that I believe this will happen, but I gotta post the possibilities, especially since there's so many bears stuck in bad positions with puts, I gotta give them some hope over the weekend.
Here's the megaphone super bear 100 pt drop scenario for next week. Would take a war to cause that, but whatever.... we were pretty darn close to one this week.
Regardless, I'm bearish for Monday, but unless there's really bad news, I think we get a gap fill and bounce back up later next week.
All the good news is out, so I don't expect the market to gap up, but you never know....
Here's the megaphone super bear 100 pt drop scenario for next week. Would take a war to cause that, but whatever.... we were pretty darn close to one this week.
Regardless, I'm bearish for Monday, but unless there's really bad news, I think we get a gap fill and bounce back up later next week.
All the good news is out, so I don't expect the market to gap up, but you never know....
Note
So the expectation for next week is down on Monday and a reversal Mon afternoon or Tuesday since the China deal happens on Wed. If the deal falls through, then the super bear scenario will happen.We may get a "sell the news" type event and go down anyways, lol.
Note
Likelihood of this happening looks very small at this point though we could see a pullback soon….
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.