Friday, April 19, 2024

Countdown To The August 2nd Debt Ceiling Vote

Wednesday Update...

(to watch on youtube: http://www.youtube.com/watch?v=R1eSFaegoSw )

Red

_______________________________________________________

The stock market could be volatile next week, as uncertainty about the passing of raising the debt ceiling still lingers.

(to watch on youtube: http://www.youtube.com/watch?v=YMmWwbUvFHY )

We've been told by Lindsey Williams that the gangster elite cabal will default on the debt, but that doesn't mean they won't raise the debt ceiling on August 2nd.  Both can happen, as they could raise the debt ceiling but decide not to pay on any debt holders outside of the US... specifically, they are going to default on paying the largest holder China!

Another person named Michael Ruppert sees the US just flat out defaulting on its' debt this coming August 2nd.  While it's uncertain exactly what will happen, the charts are looking very toppy too me right now.  Since nothing has been reached as of this Sunday afternoon, the Asia markets aren't likely to get too excited tonight and rally on like it doesn't affect them.  If they sell off anything serious, you can expect it to carry over the the US markets Monday morning.

While I'm still not sure if the top is in, or if we will go up and make a new high before the August 2nd deadline, we should at least sell off some on Monday and Tuesday to work off the extremely overbought conditions on all the short term charts right now.  It really depends on what is said about the debt ceiling... or what is "not said".  Uncertainly will lead to violent swings, and I definitely see that coming next week.

However, thinking like a gangster (and looking hard at the weekly chart) I still think we will put in a new high before collapsing on August 2nd (or the July 30th turn date?).  That weekly chart looks like it wants to push up more before rolling back down again.  Plus, the daily chart is still pushing up on the Full Stochastic  and I don't think it's ready to rollover just yet.

An 'ABC' up move is still in the cards, with the A wave likely ending on Friday, and B down to start this Monday.   If it ends on Tuesday (or early Wednesday)... with some good news announcement about the debt issue (planned, scripted, timed, and staged of course), then we should see a big rally up to make our C wave.  If that happens, then we should expect a new high to be put in... possibly our FP of SPY 138.86?

Then the unthinkable occurs on August 2nd, 2011...

The deal that they thought was sealed (which caused the C wave up) falls apart and the debt ceiling isn't raised... causing the stock market to tank hard!  This also should cause a crash in the dollar as when the debt of certain "dollar holders" (like China) is defaulted on, no country will want to hold them.  Whether it happens like this is just speculation of course...

But, eventually the dollar will collapse regardless, as it is already planned to happen by the Evil Reptilian Illuminati Gangster Elite Cabal... (wow, what a long name for those thugs!)  What will likely happen is that they will be forced to add another stimulus package to pay the debt here in America (like Social Security, Medicare, Pensions, etc...), which many more printing of the dollar... hence it will be worth less, and collapse back down.

Once the dollar breaks through the 72 level of support, it will fall like a rock and likely take the stock market down with it!  "But don't the dollar and the stock market trade opposite of each other... you ask?".  Yes they do... for now! But I believe that at some point in the future, they will trade in sync with each other.  Meaning, when the dollar falls, so does the market... and when it rises, so does the market.

Why you ask?  Simple really... right now investors look at a weaker dollar as positive for American companies that sell goods and services to other countries.  This results in high profits for those companies, which means better earnings, and a rising stock price.  That well remain true until the dollar hits a level that cause fear into investors because of inflation rising.

Those higher profits on a weaker dollar won't mean much if American's can't afford to feed themselves or drive to work because of hyper-inflation that's coming!

Meaning, a weak dollar will cause weak profits in American companies because people will be too poor to buy anything anymore.  Therefore, earnings will fall, and so will the stock prices of those companies.  Who will be able to afford an iPad when they can't pay their electric bill?  The crap will hit the fan, as companies start laying off more people because of low sells... which leads to lower sells as those people that are now unemployed will stop buying goods and services too!  It's a vicious cycle that will cause the Great Depression Two!

To get an idea of what will happen, you have too go back and look at the fake documentary the Illuminati made called "Oil Storm".  (Download it here: http://reddragonleo.com/OilStorm.avi)  They made this movie shortly before they (George H. Bush, George W. Bush, David Rockefeller, Jay Rockefeller, Henry Kissinger, Bill and Hillary Clinton, Dick Cheney, George Soros, Warren Buffet, etc... most of which are Reptilian Shape Shifters) attacked New Orleans by creating Katrina with their HAARP weather weapon.

You need to re-watch the movie and pay attention to what hasn't happened yet... like the woman freezing to death in her apartment because she can't pay the electric bill.  This is because of the death of the dollar, where hyper-inflation makes people's $500-$1,000 per month social security check only capable of buying half as much as it did just a few years ago.  Yes, the government will still pay the people their welfare, social security, and pension checks (I think they will?), but each dollar will be worth so much less that it won't be enough to pay the bills people have.  Many older people will die from freezing to death in a really bad weather, or from starving because they can afford to eat.

Let's also not forget about their medicine that they won't be able to afford as medicare and medicaid will make cut backs where they will stop paying for certain prescriptions.  Make no mistake about it... this is the evil plan that the Illuminati Reptilian Gangsters have planned for a long time, and they intend to make it happen.

On another note, Ben Fulford seems to know the order of defaults coming...

While you certainly can trade off of what Benjamin Fulford tells us, it's still great information to know.  He does tend to assign dates for stuff happening, and they rarely are accurate.  I'm sure this is the Illuminati's way of trying to discredit Ben, as they change there dates when he discovers one and announces it to his readers.  This is actually a good thing, as it means that they can be stopped.  If enough people discover their plans ahead of time, they will be forced to change them.

Lindsey Williams stated that too many people are waking up to the enslavement that the Illuminati Reptilians have had them in for 4,000 plus years, and that it's forced them to back down from their plan to raise oil prices to $200.00 per barrel.  They apparently pushed that off until next year, but I suspect it will be an overnight surge in oil by some false flag attack they stage, as trying to rise the price up slowly isn't working too well for them right now.

Anyway, back to Ben Fulford and his latest...

The gangsters are still losing their grip slowly but surely as their money supply is still cut off by the White Dragon Society (the good guys).  According to Ben, there is more then enough money out there in the world to rescue all the countries facing default, but that money won't be used until the gangster cabal is removed from power once and for all.  This means that the gangsters will certainly default at some point soon, as they can't keep this ponzi scheme going without access to more money... which the currently don't have.

Ben sees the defaults coming in the following order... Greece, Ireland, The Baltic States, Spain, Italy, France and finally The United States.  Between now and the end of the year is certainly going to be a very scary time of our lives it seems.  Some good news seems to be the fact that the Evil Illuminati Reptilian Gangsters have backed off from their attacks on the New Madrid fault line (using HAARP) here in the Mississippi River area in America.

They also backed off from their attacks on Mt. Fuji in Japan, which they were trying to get to explode (using HAARP again) sinking Japan into the ocean for sure.  The Japanese people are one of the few that have stood up to the Evil Cabal, and risked everything to do it.  They have been attack by these piece of crap scumbag lizards for doing so... which makes my blood boil with anger toward these murdering bastards!  In my book, the people of Japan are hero's!

However, let's not lose track of the facts...

The Illuminati are still in control right now, as evidence clearly says so.  The recent April 30th to May 1st Legatus Gangster meeting was the top in the market and a major turning point for it.  I still believe that the next Legatus Illuminati Reptilian meeting will be the top of the market too, with what I speculate to be a Major Wave 2 up ending just before the week of October the 23rd... the last day the gangster meet.

That also works well with the charts right now, (assuming the August 2nd date is our turn date to start Major Wave 1 down... which should go well into late September I believe).  Then rally up into late October (fooling a lot of bears that will assume that October will be down as much as September and/or August... which it still could be, but after October 23rd).

But, if the gangster truly do lose control of the stock market, then who knows what will happen?  Maybe the good guys will rescue the economy with all that money they have waiting to help us (which they will only use once humanity is freed from the Reptilian Bush, Clinton, Cheney, Rockefeller, etc... gang), and the market will rally!  If so, then we should see the public arrest of these people for murder... but I doubt if that will happen between now and the end of the year.

So, that leads me to believe that they will still retain control of the stock market and that the planned crash will still happen at the end of the next Legatus meeting this October 23rd, 2011.  Between now and then we should see the start and conclusion of Major Wave 1 down and 2 up.... which both should be very profitable if you can figure out the bottom and top of each wave?

I'll try of course, but I'll need your help.  I'm sure they will start putting out multiple FP's as to where they plan to take the market too... so keep your eye's out for them, and post them here on the blog (or email them too me, and I'll post them for you).

On to the short term charts...

The 2 hour, 60 minute, 30 minute, and 15 minute charts all show a rising wedge that should breakdown soon.  While it could be argued that the charts put in a bull flag on Friday (which would lead to another move up on Monday), I'm not so sure on that call?  It looks like a failed bull flag too me, which means it's free to gap down on Monday to break the rising wedge.  Will it?  I guess that depends on how the overseas markets react to no agreement being reached on the debt ceiling over the weekend, and how much of that spills over into the US markets?

Personally, I think we will gap down on Monday, but that's just a feeling and not something I see in the charts.  The daily chart is still going up and could rollover at anytime now, while the weekly argues for another positive close by next Friday.  Of course that doesn't mean we can't go down first, and then rally later in the week.  And the weekly is also coming up on resistance on the Full Stochastic, which also are hooking over right now.  This leads me to believe that this will be the final up week before the selling starts.

Let's also not forget the New Moon is this July the 30th, a Saturday... which has been a pretty accurate turn date indicator (+/- 3 days) over the last several months.  No matter what the government gangsters say about on August the 2nd, I see a big turn coming.  Will it be an "up move" or a "down move"... that is the question?  Assuming the market doesn't crash this coming week and only puts in a "B wave down", I'd expect the move going into the turn date to be a final up move... meaning that the move after the turn date would be down.

Adding it all up, I'm sticking to my guns that we will see an ABC move up into our turn date window, followed by a big sell off in August.  As for the FP on the SPY of 138.86... it's a target, but not a guarantee, as it's an old print and could have been changed by now?  I'm only focusing on the time period, and not specifically the price level.  We shall see I guess...

Good luck as always,

Red

 

Red
Author: Red

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zstock7
12 years ago

i’m pretty happy with the way my overnight index chart signals, have been lining up, and predicting the next move, which on friday, they said big down tend day coming, within 48 hours, but actually heavily favored the move to happen on Monday. dow futures down 111… bingo!
they give both weak and strong signals. i’ll let you know when the next strong signal shows up.

Red Dragon Leo
12 years ago
Reply to  zstock7

Thanks…. and do stop by the chatroom from time to time.  I still haven’t got the avatar problem fixed, but it’s not really that important for right now.

http://stockmarketbloggers.com/chat/

SAN
SAN
12 years ago

ES Bear flag : http://niftychartsandpatterns.blogspot.com/2011/07/es-bear-flag-and-hourly-chart.html

RocsInvestAcct
12 years ago

They should focus more on the pension problem first instead of figuring out ways to make credit easier because over the long term we will end up in the same boat; http://rocsinvestmentaccount.webs.com/

Red Dragon Leo
12 years ago
Reply to  RocsInvestAcct

That would be a wise thing to do, if the people elected actually cared about the public… but they don’t.  They will do what’s best for them… nothing, and then lie about how they supported the pension fund, and voted against cutting funding to it.  It’s all just a game they play, where they make their decisions based on always having an “out”, or back door to say they didn’t support tax increases, but they really do.  They are all lying gangsters, only looking to get re-elected for the next term.

Anonymous
Anonymous
12 years ago

HEY RED, The vix’s 20,50 and 200 day moving avg are all meeting on the daily. Haven’t seen this in a while. Collapse possible? Whats your thoughts.

Red Dragon Leo
12 years ago
Reply to  Anonymous

When they all met together like that it usually means a big move is coming.  Since they are currently below the price level today they will act as a necktie of support.  I’d say this market is going to tank around that August 2nd deadline date.  The charts say it will, regardless of what is said or done about the debt issue.

SAN
SAN
12 years ago

Ascending Triangle of Dow Jones: http://niftychartsandpatterns.blogspot.com/2011/07/ascending-triangle-of-dow-jones.html

zstock7
12 years ago

 Even though the market pulled back early this morning, and came back positive, i’m still left with short the indexes signals, at this mid morning high.
however, i don’t have as favorable a VIX reading, as I did yesterday, to support another down trend day/ opening

zstock7
12 years ago

i went to the chat room and had this message—-
Too many simultaneous requests!

Please retry in a minute.

Red Dragon Leo
12 years ago
Reply to  zstock7

Strange?  I’m in there now, and it will accept up to 10 people.

SAN
SAN
12 years ago

Rising Wedge of SPY: http://niftychartsandpatterns.blogspot.com/2011/07/rising-wedge-of-spy.html

RocsInvestAcct
12 years ago

Indexes holding in there relatively well (Nasdaq close to highs of the day) with everyone freaking out about the debt ceiling; looking a little deeper you have low float from a sector perspective today and even though not much of a move the two defensive sectors leading and lagging the market (XLU up +0.6% and Consumer Staples -0.7%); http://rocsinvestmentaccount.webs.com/

jeff pierce
12 years ago

Hey Red. Here’s a little tidbit of information I just found out and maybe you already know this. Type in the web address illuminati spelled backwards and see where it redirect to. I was shocked.  http://www.itanimulli.com

Red Dragon Leo
12 years ago
Reply to  jeff pierce

LOL… funny!

zstock7
12 years ago
Reply to  jeff pierce

WTF!

Red Dragon Leo
12 years ago

Must listen to now…

http://www.youtube.com/watch?v=0eSqIykLrRs&list=PLFF305DB7D6706CA9&index=52

Start listening at 10 minutes in….

jeff pierce
12 years ago
Reply to  Red Dragon Leo

I’m listening to the interview but missed what website the guy is affiliated with that has a chat room and is giving away a month.

Red Dragon Leo
12 years ago
Reply to  jeff pierce

Jeff, I’m not sure about where the chatroom is, but his website is called “The Vulcan Report” and it’s listed in my “Red Pill Sites” section.

zstock7
12 years ago

qqq is going down tuesday—i had really good buy signal on QID. still do, even at the close. major buy signal on the QID, for an overnight trade.

Deej
12 years ago
Reply to  zstock7

I have a good short signal on TYH

Anonymous
Anonymous
12 years ago

hey red,

who is the guy talking about all this on the video – do you know his website?

Red Dragon Leo
12 years ago
Reply to  Anonymous

Sorry for the late reply.  His name is Dex, and his website is called “The Vulcan Report” (located in my “Red Pill Sites” section on the right).

Anonymous
Anonymous
12 years ago

so by this guy’s reckoning Nasdaq today went over 2428, so we now on our way up the highest highs ever this year ??

Anonymous
Anonymous
12 years ago

or is that a closing price above 2428, in which case today on my chart Nasdaq closed below this ??

zstock7
12 years ago

i thought the mayor was supposed to fix all the pot holes. 
i’m afraid that my QID go long overnight chart, hit a BRCM,BIDU temporary road bump.
maybe the president’s 9pm speech will save me.

SAN
SAN
12 years ago

ES Triangle pattern: http://niftychartsandpatterns.blogspot.com/2011/07/es-triangle-pattern_26.html

Red Dragon Leo
12 years ago

I’m back… had stuff to do this morning gang, sorry about that.  I never did a video last night because I just don’t see the point right now.  They are going to hold this market in a tight range until the debt ceiling deadline it looks like.  Not much to say… we are either going to rally up and make all time new highs, or crash and burn.

RocsInvestAcct
12 years ago
Reply to  Red Dragon Leo

Hey Red, the general trend has been for the dollar to rally as stocks fall.  Do you think there is any chance of this trend changing and stocks and bonds trade in the same direction together?

http://rocsinvestmentaccount.webs.com/

RocsInvestAcct
12 years ago
Reply to  Red Dragon Leo

Hey Red, the general trend has been for the dollar to rally as stocks fall.  Do you think there is any chance of this trend changing and stocks and bonds trade in the same direction together?

http://rocsinvestmentaccount.webs.com/

Red Dragon Leo
12 years ago
Reply to  RocsInvestAcct

If the dollar breaks the 72 level, it should free fall… and so will the stock market.

Anonymous
Anonymous
12 years ago
Reply to  Red Dragon Leo

You would think, being that is what caused the ’87 crash, but that’s a tough one too! Look at the Treasury auction today. Foreign bidders weren’t buying squat, so PPT to the rescue. It seems like everything that isn’t selling well immediately goes on some Central Bank’s balance sheet. This is the final bubble……

RocsInvestAcct
12 years ago
Reply to  Red Dragon Leo

Hey Red, the general trend has been for the dollar to rally as stocks fall.  Do you think there is any chance of this trend changing and stocks and bonds trade in the same direction together?

http://rocsinvestmentaccount.webs.com/

RocsInvestAcct
12 years ago
Reply to  Red Dragon Leo

Hey Red, the general trend has been for the dollar to rally as stocks fall.  Do you think there is any chance of this trend changing and stocks and bonds trade in the same direction together?

http://rocsinvestmentaccount.webs.com/

zstock7
12 years ago

X missed by 14 cents  or 11%, only down 7%, probably goes 4% lower more

zstock7
12 years ago

AKS missed by 19 cents, which is a 19% hit on yearly eps,  this should
turn into a falling knife, support is 13 or at 12.5 or so 

SAN
SAN
12 years ago

SPY Rising wedge updated: http://niftychartsandpatterns.blogspot.com/2011/07/spy-rising-wedge-updated.html

SAN
SAN
12 years ago

SPY Rising wedge updated: http://niftychartsandpatterns.blogspot.com/2011/07/spy-rising-wedge-updated.html

SAN
SAN
12 years ago

SPY Rising wedge updated: http://niftychartsandpatterns.blogspot.com/2011/07/spy-rising-wedge-updated.html

Robert
12 years ago

Might see a massive rally tomorrow. Beware bears…

RocsInvestAcct
12 years ago
Reply to  Robert

What makes you think we are getting a rally?

http://rocsinvestmentaccount.webs.com/

Red Dragon Leo
12 years ago
Reply to  Robert

I’m not sure either way right now Robert.  This is a very high stakes game they are playing with the debt ceiling issue, and I’m not confident that they won’t just default.  Scary times we live in right now.  Remember this… the gangsters want a default so they can steal all the assets at dirt cheap prices.

Anonymous
Anonymous
12 years ago
Reply to  Red Dragon Leo

Madman Ben has it dialed in. Kill the dollar & rally. When the debt ceiling crap is done, pump the dollar and the market rallies again while commodities fail. I don’t know about tomorrow though. Possible?

Red Dragon Leo
12 years ago
Reply to  Anonymous

Well, I’m clueless about tomorrow too?  I’m not even bothering to do a video, because I don’t know what to say?  Nothing major seems too be planned until after the debt ceiling is over with.

Anonymous
Anonymous
12 years ago
Reply to  Red Dragon Leo

Pretty much a holding pattern yes. Criminals are probably selling in order to position themselves to pump & dump when the deal finally goes thru. The cartel has finally assumed total control of the market by disallowing a Greek default. I’ll have to think of the best strategery for this because having the power to control who defaults changes the whole game in a very big way. Foreign equities & commodities seem to stick to the fundamentals fairly well. US stocks consistently making what I call “Lowered To Beat” (LTB) earnings while Euro stocks consistently missing earnings.

BTW I like your new site, but will probably post here most of the time and maybe blast a few posts in the chat room time to time.

Red Dragon Leo
12 years ago
Reply to  Anonymous

Yes, the new is kind of a back up to this site actually.  It’s on a different hosting company too, so if one goes down I should have the other one up.

Anonymous
Anonymous
12 years ago
Reply to  Red Dragon Leo

Good idea, especially at this point in time.

zstock7
12 years ago
Reply to  Red Dragon Leo

one time the gov’t went 4 month’s overdue on raising the debt ceiling, i heard from a reliable source.

zstock7
12 years ago

X, look at all these exits, i have mapped out for myself.  
http://zstock7.com/?p=5158#respond

Anonymous
Anonymous
12 years ago

Red
I Have a very uneasy feeling. I have followed the words of Lindsy Williams. He has proven himself to be a reliable source of information and people have learnt to trust in what he says. We can all see the proof of what he has told us in the past.
I have just one little problem with this; The NWO have committed their lives to their endeavour and there is documented proof that this has been a long held belief that goes back many generations through the leading families. Why would they feed and develop a trusted spokesperson unless they wanted to ultimately dis-inform.
I believe I have recognised the bad advice. In Lindsy Williams most recent interview 7-26-11, I do not doubt what he says is about to happen, with one exception, I cannot believe that the NWO do not want rioting. This has to be nonsense, Public disorder will allow the administration to increase control, institute Marshall law and give them the excuse to use all of those lovely FEMA camps.
We are in the the final throws and a lot will depend upon how we respond, Rioting is not the answer, civil disobedience and non aggressive public demonstration will inform and educate the sheepal without fanning the flames.
We have to dig our heels in and say no. By simply refusing to become slaves we will free our selves from their reality.

Red Dragon Leo
12 years ago
Reply to  Anonymous

Sorry for the late respond….

Yes, the Illuminati Gangsters are using Lindsey Williams for their benefit… so they think.  They feed him the information they want put out there to the masses, and “yes” they do want rioting, so they can have Marshall Law, and throw all of us sheep in FEMA Prison Camps.

But, Lindsey isn’t stupid and I believe he knows that they only give him what they want told to the public.  It’s important to note how Lindsey delivers the message, as he clearly states that violence isn’t the answer.  Lindsey knows what they want, but he preaches the opposite.

I’d say that Gerard Celente is promoting rioting… without even realizing that’s what the gangsters want, while Lindsey is focusing peoples’ attention simply protecting themselves and not scumming to the plans the Illuminati want.

Anonymous
Anonymous
12 years ago
Reply to  Red Dragon Leo

Thanks for the respond, I’m relatively new to this alternative view point and its cast of players and as such the points your raise in Lindsey’s defence are not immediately apparent. It concerns me that when the situation really melts down the majority view will be completely confused. where will the people go for their information, they not going to trust the media any more and they will not have time to learn the people they can trust or read between the lines of what is being said. By the way with regard to stocks, if we are trading the crash and make a profit will we be able to actually cash in our chips? All the best, I really enjoy your work and your resources. I have learnt a lot not only about the truth but about myself. Keep up the good work, its appreciatedpete

a1upsticks@yahoo.co.uk

tel 07940 390040

SAN
SAN
12 years ago

ES Testing 200 Hour moving average: http://niftychartsandpatterns.blogspot.com/2011/07/es-testing-200-hour-moving-average.html

RocsInvestAcct
12 years ago

Anyone think the dollar is steadying here?  UUP loves create gaps (i.e. open gaps up to $21.30)

http://rocsinvestmentaccount.webs.com/

Red Dragon Leo
12 years ago
Reply to  RocsInvestAcct

The dollar (uup) filled a gap from May 4th-5th and should continue higher for awhile I believe.

SAN
SAN
12 years ago

Dow Jones Trend update: http://niftychartsandpatterns.blogspot.com/2011/07/dow-jones-trend-update.html

Red Dragon Leo
12 years ago

Great Morning today gang 🙂

Red Dragon Leo
12 years ago

Ok, here’s a picture showing how much money is needed to bailout the USA…

http://www.wtfnoway.com/

In this case, a bailout doesn’t look very likely too me… as I don’t think there is enough ink on the planet to make the dollars needed!  LOL

SAN
SAN
12 years ago

NFLX cloud and Trend line analysis: http://niftychartsandpatterns.blogspot.com/2011/07/nflx-cloud-and-trend-line-analysis.html

zstock7
12 years ago

Trading idea: buy X.Opened at 39.89 on 7/27/11.
Trading idea: buy CY.Opened at 20.12 on 7/27/11.
Trading idea: buy COF.Opened at 47.85 on 7/27/11.
Trading idea: buy DIA.Opened at 123.06 on 7/27/11.
Trading idea: short TWM.Opened at 43.65 on 7/27/11. 

zstock7
12 years ago

the QID signal finally played out today. my chart said a big down day was coming, 2 or 3 days ago. now the charts don’t show any edge either way. i  bought the dipster stocks today. too many of them available, to get them all

Deej
12 years ago
Reply to  zstock7

Good job on QID

zstock7
12 years ago
Reply to  Deej

thanks Deej, i’m looking at 19.50 vix long  next. hehe

btdstockmarketindicator admin
btdstockmarketindicator admin
12 years ago

Market tanks and US Dollar (symbol: UUP) rises-is the correlation changing?
 
http://rocsinvestmentaccount.webs.com/
 

Red Dragon Leo
12 years ago

The dollar and the market have been going in opposite directions for the last couple of years, and today it’s still the same… however, at some point in the future, I expect them to trade in sync in the same direction.

TraderScorpio
12 years ago

uup fp 25.55

Red Dragon Leo
12 years ago
Reply to  TraderScorpio

I never seen that FP?  I wish you would have posted it here.  But now I know… thanks for the info.  

SAN
SAN
12 years ago

S&P 500 Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/07/s-500-analysis-after-closing-bell_28.html

Red Dragon Leo
12 years ago

I’m processing a new video update and it should be done in about an hour.

Anonymous
Anonymous
12 years ago
Reply to  Red Dragon Leo

To bounce (temporarily) or not to bounce…that is the question.

Red Dragon Leo
12 years ago
Reply to  Anonymous

We could have a one day bounce tomorrow (not big, but a positive close at least), and then more selling on Friday.  Or, we could bounce into August 2nd?  I’m not sure which, (as I explain in the video update I’m processing right now), but I’m leaning toward a one day bounce and then back down on Friday.

Anonymous
Anonymous
12 years ago
Reply to  Red Dragon Leo

I was thinking that too. Maybe a bounce just above the 50 DMA, then a break right back thru it. Maybe there’s no arm connected to this right shoulder, BWAHAHAAHA!!!

Red Dragon Leo
12 years ago
Reply to  Anonymous

I’m not expecting much of course, certainly the 50dma should be easily reached I’d think.  If not, then it’s more bearish then even I expected.

btdstockmarketindicator admin
btdstockmarketindicator admin
12 years ago
Reply to  Red Dragon Leo

If we fall through 1,287 and 1,296 on the S&P 500 then we might see the 200 day moving average again.

http://rocsinvestmentaccount.webs.com/

Red Dragon Leo
12 years ago

Yes, a move below that major support area around 1296 is very bearish (as I went over in the new video I did), but I think it will bounce from there tomorrow and rally a bit.  However, it could be just a “one day wonder” and head back down on Friday.

With the tick below 1,000 it’s in “crash territory”… so any bounces should be sold in my opinion.

Red Dragon Leo
12 years ago

Refresh page for new video update..

zstock7
12 years ago
Reply to  Red Dragon Leo

that illuminatti spelt backwards dot com, has all my email buddies, mortified. LOL

zstock7
12 years ago

here’s what the bulls got to worry about, big time. i have a go long signal the vix at 19.50. on my overnight charts.  i tell you, my  overnight charts of late, have been out playing the trading robots, and that’s a good thing.

the vix at 19.50, that to me, is a dangerous price for the bulls, next few days

 

SAN
SAN
12 years ago

ES Near Support level: http://niftychartsandpatterns.blogspot.com/2011/07/es-near-important-support-level.html

Red Dragon Leo
12 years ago

Good Morning…

SAN
SAN
12 years ago

AAPL Chart: http://niftychartsandpatterns.blogspot.com/2011/07/aapl-intraday-update.html

btdstockmarketindicator admin
btdstockmarketindicator admin
12 years ago

Financials (symbol: XLF) up 0.6%; low volume; below 21 ($15.16), 50 ($15.15), 200 ($15.65) ma; above support ($14.76) and below resistance ($15.00).http://rocsinvestmentaccount.webs.com/

Red Dragon Leo
12 years ago

The should peak today on the histogram bars of the 60 minute chart and roll back down tomorrow I believe.  It appears too be moving up too fast, and doesn’t look like a bottom too me.  I think we will sell back off on Friday.

Red Dragon Leo
12 years ago

I see a 131.36 spy FP at 4pm yesterday, and we just hit that level right now…. LOL.

SAN
SAN
12 years ago

GOOG Pausing at the resistance line: http://niftychartsandpatterns.blogspot.com/2011/07/google-pausing-at-resistance-line.html

Red Dragon Leo
12 years ago

Charts are rolling over now! Yippee!

Red Dragon Leo
12 years ago

It’s not looking good for tomorrow gang.  The only wildcard is if the resolve the vote today… which isn’t likely it seems.  The children are still fighting each other in congress.

zstock7
12 years ago
Reply to  Red Dragon Leo

TWM keeps giving me strong short sell signals at 44. i think the weekly bottom is in, on IWM

 

Red Dragon Leo
12 years ago
Reply to  zstock7

This thing is going to tank tomorrow if they don’t resolve this today.

SAN
SAN
12 years ago

EURUSD Bearish engulfing: http://niftychartsandpatterns.blogspot.com/2011/07/eurusd-trend-update.html

SAN
SAN
12 years ago

SPX Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/07/s-500-analysis-after-closing-bell_29.html

btdstockmarketindicator admin
btdstockmarketindicator admin
12 years ago

Red,
 
Why do you say that?  Overnight futures aren’t indicating anything yet.
 
http://rocsinvestmentaccount.webs.com/
 

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