TA SPX Future is showing a drop of 1%. RSI in coiling up in 45m chart, preparing for a short re-bounce. The target for Monday drop: 8500 Entry time around 30 minutes -1 hour after the market opens due to FED's repo. VIX comes back, high volume is expected. Open high, close low.
@borislavrabrenovic, market is getting into none sense I would not even be surprise seeing oil at $60.
I see that some companies start applying into bankruptcy but NDX looks like is not getting affected...
LagunitaLLC
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@borislavrabrenovic, I think people are buying up big tech companies as a save heaven. That's 1 reason. Another one is the loan interest is so low, so big companies will take advantage of it to borrow money and buy back their shares. Stock will be still ridiculously high.
neozaru
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@LagunitaLLC, also the Federal reserve wants the whole thing to stay up. A Nasdaq bubble burst is the last thing they need.