Never expected SPX jumps to 4027 level. This has hit the high tide and very likely a dip tomorrow, it may be for 2 hours or 4 hours or even for a day. This is very likely, but we never know the future.
[Edit 03/20/2023] market too bullish, when SPX going above 4050 it has the possibility to dip…taking profits sold all 3x (TQQQ/DPST) premarket keeping only investment shares.
When SPX going above 4050 it has the possibility to dip, this is the way it is based on some Math and Calculations! Nicely sold my holdings…waiting for another buying opportunity. Market looks like cannot withstand now.
After a possible dip Friday (and/or) Monday, market will resume its bull run again. Let us see how it goes from here.
Definitely not, unless nxke fly over the sky, as Circuit Breaker are at extreme bearish times.
Now, my guess, market is going on bullish run, slowly jumping to appx 4300-4400 range.
To hard to clearly predict => Possible dip Friday (and/or) Monday, but Grade is double red indicates market has to dip first before going to next bullish turn. However, tomorrow is quarterly option expiry, market will be volatile until 11 AM. With this, if Friday closes positive and another RED (Unlikely) will be flashed.
With this, I stay away from market in cash mode!
If the market goes positive anytime tomorrow, I will start buying SQQQ at that time.
Still we have time until 11:30 AM as option expire by 11 AM.
This is bullish cycle going on (30-45 days timeframe), my prediction is bearish 0-5 days cycle, which is hard to predict precisely. Remember, I always tell future is unpredictable.
Now, I started buying SQQQ/SPXU with 0.5% down, but it is fine to hold next 2 days, loss or gain I will sell it by Tuesday. With Grade 3 days RED and Rating RED, brighter chances my bearish bets may likely win.
[edit] market went up way high, scary to touch level!