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AU Evening Wrap: ASX 200 Falls on Metal Stocks; Droneshield Rebounds
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74582856 : At the end of this week, the overall Dow Industrial Index will plummet, mark my word! This week was a major turning point in the intensity of the geopolitical situation! Please note: the Western Front and the situation in the Middle East! Some things, as long as they are turned on, can't be stopped. If you stop, people will die, and they will continue even if you get stiff. These are all historical laws.
104640991 : Wow the amount of information in this chart is amazing. thanks
rawrrrbucks : @iamiam hello buddy! Thanks again for your insight. I enjoy these posts very much even though I’ve cut back on the individual stocks and just trade the indexes. (And a bit of futures options)
I’m just looking at SPY, QQQ and we’re sitting on the 50MA- on the 1D chart. traditionally the strong support. What do you reckon? If we crack this it’s a long way down to 150MA. Not saying that we’ll drop that far, but it’s a long way down- might take a while. What’s your feel?
iamiamOP rawrrrbucks: yes, it would be a long drop, and I expect one. I'm just not sure it's now.
rawrrrbucks iamiamOP: Well yeah. Usually it’ll take a few tests of the 50MA before we get through so I’m hoping sideways for a while. The more we go sideways the better- I can get some hedges on.
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