However, arbitrary and aggressive buying cut the decline in half in one day. 512-266-8659, Simpler Trading - COPYRIGHT © 2020 - ALL RIGHTS RESERVED. Do Not Sell My Personal Information, Your California Privacy Rights Raghee Horner started trading at 17 while still in high school. That whole month, the S&P 500 had been heading towards a record decline—the motive for the team's meeting—and the DJIA dropped 650 on the 24th alone. Last Friday the 21st, I wrote on the Private Blog: “We do have another Weekly Bearish Reversal at 22739 and a closing below that could warn of a Cycle Inversion meaning down into new week bottoming perhaps on the 26th and then rally into the following week for year-end and then turn back down into January.”. [email protected] Primary support still lies at the 21600 and 21450 level followed by 20002.”, Then on the day of the low, 26th of December, I posted on the Private Blog at 3AM for the European Open: “Often the bulk of a decline will unfold the day BEFORE the market closes. The name "Plunge Protection Team" was coined by The Washington Post and first applied to the group in 1997. Conspiracy theorists have speculated that the group executes trades on several exchanges when prices are heading downward, collaborating with big banks such as Goldman Sachs and Morgan Stanley in unrecorded transactions. Simpler Trading’s Traders and employees will NEVER manage or offer to manage a customer or individual’s binary options, options, stocks, cryptocurrencies, currencies, futures, forex or any financial markets or securities account. It convened during the global credit crisis of 2008. We've received your submission. I abandoned NYC amid COVID — and it was the worst decision of my... Twitter running a blackmail operation — cooperate or no traffic for you, De Blasio is trying to kill Mets sale to Steve Cohen, Knife-wielding man kills 3 in 'Islamist terrorist attack' at French church, Economy sets record-setting rebound as GDP jumps 7.4%, World Series champion Dodgers lost nearly $125M this season, Elon Musk's SpaceX charging $99 a month for spotty Starlink internet, Candice Swanepoel hits Miami in a bikini and more star snaps, ‘RHOP’ stars Gizelle Bryant, Dr. Wendy Osefo encourage viewers to vote in new special, Retired football player Jay Cutler endorses Trump for president, © 2020 NYP Holdings, Inc. All Rights Reserved, Fannie Mae not doing enough to help with mortgages during coronavirus crisis, White House official's unemployment prediction purposefully missed the mark, Federal Reserve's policy-making committee won't have much to do at upcoming meeting, Barbershops -- and golf courses -- should reopen, Insurance companies need to be the ones to help small businesses out, NYC eateries beg Gov. This website is neither a solicitation nor an offer to Buy/Sell futures or options. since the markets, as it turns out, failed to retain any of the overnight juice provided and faded in the last hour, selling off 634 Dow points from peak to trough.

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