RE:Sellable Rally, Or Return of the Bull!? (Good article)MichaelRyan2 wrote:
If Sp500 falls back below 3,050 (key support level) we may see continued major selling and retest of the low.
Stay cautiously everyone
THIS IS EXACTLY "WHY" I LEARNED TO TRADE!!!
As mentioned I just posted about how IMPORTANT 3,050 SUPPORT LEVEL IS!
Broke below, and went to 3,047 LOW at 9:45am ish... Fed panicked and CNBC suddenly IMMEDIATELY announces 50BPS cut and Sp500 jumps 85+ points or 2.5% in 15minutes...
EVERYONE SHOULD THANK YOUR FEDERAL RESERVE... they just saved our @$$ ..
For the moment