Keeps bouncing at Ma50. So short now, buy at or just below. Been sideways down for September, banks say 10-15% downside by 2022 though, so maybe it breaks to ma200 this time... Our P/E is worse than the 2000 bubble right now.
@karistocrat, Normally September is a bad month, US needs to increase its federal budget, or default on debt. Either republicans hold off and cause the default, meaning all federal employees will go unpaid for sometime (has happened before), or/and they eventually increase the budget, causing the S&P to again lower the credit worthiness of the US from AA down to A (use to be triple a, but it was lowered at last debt increase). Either way can cause a significant crash across all assets.
Chaython
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@karistocrat, Yesterday was the MA50 bounce, but I think we will consolidate more, and this is a bull trap. As with the pending doom in the news. My line predictions were both spot on (arrow is unchanged, and I deleted the other line to see the ma50 as it was right inside.
Chaython
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@karistocrat, If we do stay positive I expect movement like May.