Bracing for More Pain Before the Bell, Investors Ignore Futures Signals: StockTwits

NEW YORK (TheStreet) -- Buy the dip or cash out? Investors on StockTwits.com grappled with that question before the opening bell Friday morning after a sharp selloff in all the major indices that left few stocks unscathed.

$IWM $QQQ $SPY all at bottom of daily BB. In bull markets, this means bounce. In bear markets, you grind down pulling BB down with it

-- HCPG (@HCPG) Apr. 10 at 10:40 PM

The futures market pointed to a bounce, albeit a little one. Trading in the Dow  (DIA), S&P 500  (SPY) and Nasdaq  (QQQ) futures all implied a higher open.

FUTURES BE4 BED ... $SPX $SPY http://stks.co/q0CLv

-- @WallStJesus (@WallStJesus) Apr. 10 at 10:25 PM

But StockTwits.com sentiment called for further declines. Sentiment was majority bearish on the ETFs that tracks the S&P 500 (SPY), Nasdaq (QQQ) and Dow (DIA), according to StockTwits analytics.

"BTD", "BTMFD". So, which dip should be bought? Which pop should be SHORTED? $SPY $QQQ $DIA

-- Daniel Marquard (@DanielMarquard) Apr. 10 at 10:28 PM

Surprisingly, sentiment was slightly less pessimistic on the ETF that tracks the Nasdaq, (QQQ), than on the S&P 500.

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