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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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12563311 No.12563311 [Reply] [Original]

I was autistic and bought TVIX on Thursday

What are the chances that the stock market will go down on monday. I'm retarded btw

>> No.12563343
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12563343

>>12563311
might go down :] or might not :]

>> No.12563348

0% chance

>> No.12563378
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12563378

>>12563348
why

>> No.12563388

>>12563311
lol babby’s first time getting TVIX’d

you could have shorted QQQ or something with 1/100th the risk. prepare to get rekt.

>> No.12563578

>>12563311
Red looks likely by Monday close but i think it will open green. Nasdaq and S&P are both right below an important resistance from the previous week. If that breaks, there will be more buying as cautious investors who pulled out in the uncertainty last week look to reenter for bullish continuation.

I expect a nominal higher high or double top on both followed by dump down. I don't think there is enough optimism in the markets to keep the current short term bounce going. Not enough positive news.

>> No.12563614

>>12563578
One potential bullish catalyst is oil. It bottomed out recently and has been sliwly and steadily rising. There is resistance around $54/barrel. Oil breaking bullish in this way might (maybe) be a slap in the ass for the markets. It's kind of iffy. Oil price usn't closely tied to broader markets in this way. Personally i'm playing both sides until a clear direction forms on either.