Stock Market sell off coming late Aug. or in Sep.

4xis2ez

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2be

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taking this scenario very seriously
scalping DOW atm
foe some time now the spread between futures and cash favours a move down.
 
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2be

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The spread has narrowed considerably, DOW has one more intersessions gap to the down side to fill in.
I am looking at volume on different TF, to see how the summer scenario has affected volume versus PA.
 

4xis2ez

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Strong selling opportunity coming up.
 

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2be

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JP Morgan says don't buy stocks until September. I would say don't buy until November.

https://www.cnbc.com/2019/08/19/jp-morgan-dont-buy-the-dip-until-september.html
JP Morgan and other institutions are involve in the markets big way themselves.
It is difficult to gauge their "advise" and its timing, but yes occasionally these institution are right.
There are some gaps to the downside on DOW the us session chart, these gaps are eventually filled, so yes there is going to be that move down.
 

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2be

Experienced member
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JP Morgan and other institutions are involve in the markets big way themselves.
It is difficult to gauge their "advise" and its timing, but yes occasionally these institution are right.
There are some gaps to the downside on DOW the us session chart, these gaps are eventually filled, so yes there is going to be that move down.
DOW has moved well into the first US inter-sessions gap, almost closed it but not quite
More gaps remain to the downside.
 

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4xis2ez

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Stopped on short at break even. Short again at 2926. May hold into November. We'll see.
 

2be

Experienced member
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Spread between DOW cash and DOW futures widening again.
Atm prise in the region of Fib R38.2 on DOW continuous cash, will see what thew US session brings.
Eventful weekend with G7 well predicted moronologia coming around, and of course Jackson Hole and Mr Powell speech later on
Overall - interesting end of the week
 

4xis2ez

Well-known member
352 53
New China tariffs, FOMC limitations in what they can do. Now just need Trump to add more tariffs on China. Just now heard on CNBC where Trump is calling Powell an enemy.
 

4xis2ez

Well-known member
352 53
New China tariffs, FOMC limitations in what they can do. Now just need Trump to add more tariffs on China. Just now heard on CNBC where Trump is calling Powell an enemy.
Trump did add more tariffs on China. I guessed right! On Sunday open, SP could gap 100 points lower. My short position.
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