Based on what I see in the charts I think we could squeek a little higher today at some point even though we might drift down a little in the morning (not worth playing as early downside seems small). But after another move up we should be hitting the rising trendline on the Nasdaq and the Russell, which is where I’d expect a pullback on all the ETF’s.
Since it’s a rising trendline I don’t have a target as it moves with time. But on the IWM I’d guess it’s in the 126.50-127.00 zone… so not much. On the Nasdaq it appears to be in the 5050-5075 range. On the SPY and SPX I’d guess it’s around the double top area. Possibly we chop all day today and pop up to hit those levels on Tuesday and then do our pullback? I’m not expecting anything big, maybe 20 points on the SPX? Hard too know right now.
Parker led UCLA in scoring with 28pts. UCLA could potentially play Iowa next round which would be one of Alford’s former teams. I know Iowa is the 29th state. But Gonzaga (Iowa’s opponent) seems too strong this year.
Did see them flash 11-10s and 14 5s in the game as well as the ultimate Bradley date with a 0 added.
Befuddling the pundits and basketball intelligentsia, UCLA moves on to the Sweet 16 led once again by 1987 College Player of the Year Steve Alford’s son, who I believe ended up with 19 points. (Remember #19 scored the World Cup winning goal for the Germans last year).
The pundits (reading their cue cards) universally admonished the selection committee for placing UCLA in the tournament (which never made sense). UCLA received the #11 seed so let’s see if they end up as the “dark” horse of the tournament. Haven’t bothered to see who they play next.
1987 NCAA champ Indiana eliminated from the tourney in the first round today. Star guard on that Indiana team Steve Alford, now UCLA coach, leads his team to a victory led by his son’s hot shooting (8 3pointers). 1987 Final Four particpant Rick Pitino sees his Louisville team squeak by UC Irvine. 1987 Finalist ,Syracuse coach, Jim Boeheim, goes on a tirade against the NCAA after his team is sanctioned for violations. The other 1987 Final Four coach, Jerry Tarkanian (UNLV) passed away in January. I am wating for a Bobby Knight ritual.
More later on the Duke (Kentucky) /Christian Laettner (#32) ritual that the sports media is currently going overboard on.
Hmmm some fractal similateries to historical topping patterns most recently to 3 years 7+ months ago as well as one ($ndx, $rut) from double7years 5 months ago. It looks like it’s going to be the ultimate Bradley date.
With the ES banging on the double (or triple?) top right now it looks destined to breakout… and I’d expect it to happen today! The SPX is lagging behind still but the Russell and Nasdaq already have new highs. The DOW is coming in 4th place but I suspect it will finish the race too. LOL!
Hmmm… not sure what to think about those Hindenburg Omen’s. Tomorrow “should” go up as the Russell has already made a new high, the Nasdaq is at a double top and ready to make a new high and the the S&P500 and the Dow are the only lagers.
Friday is “super moon” day occurring on the same day as the equinox and a solar eclipse. Add up the celestial events and then consider that Tuesday the market put in another Hindenburg Omen. That makes 3 confirmed Hindi’s since December. That’s fairly odd too. Add in some of the short term cycle indicators like the Fibonacci turn cluster, and you can hear the twilight zone music in the background.
Could it get stranger? It can and it does. Friday is also quadruple witching day for options and futures. It’s also the first day of the Hebrew calendar. I find it fitting that the world is bickering over the word patience, during the very week all this “extraneous” stuff is going on.
Based on what I see in the charts I think we could squeek a little higher today at some point even though we might drift down a little in the morning (not worth playing as early downside seems small). But after another move up we should be hitting the rising trendline on the Nasdaq and the Russell, which is where I’d expect a pullback on all the ETF’s.
Since it’s a rising trendline I don’t have a target as it moves with time. But on the IWM I’d guess it’s in the 126.50-127.00 zone… so not much. On the Nasdaq it appears to be in the 5050-5075 range. On the SPY and SPX I’d guess it’s around the double top area. Possibly we chop all day today and pop up to hit those levels on Tuesday and then do our pullback? I’m not expecting anything big, maybe 20 points on the SPX? Hard too know right now.
Parker led UCLA in scoring with 28pts. UCLA could potentially play Iowa next round which would be one of Alford’s former teams. I know Iowa is the 29th state. But Gonzaga (Iowa’s opponent) seems too strong this year.
Did see them flash 11-10s and 14 5s in the game as well as the ultimate Bradley date with a 0 added.
Befuddling the pundits and basketball intelligentsia, UCLA moves on to the Sweet 16 led once again by 1987 College Player of the Year Steve Alford’s son, who I believe ended up with 19 points. (Remember #19 scored the World Cup winning goal for the Germans last year).
The pundits (reading their cue cards) universally admonished the selection committee for placing UCLA in the tournament (which never made sense). UCLA received the #11 seed so let’s see if they end up as the “dark” horse of the tournament. Haven’t bothered to see who they play next.
SPY Weekend update: http://niftychartsandpatterns.blogspot.in/2015/03/spy-weekend-update_21.html
1987 NCAA champ Indiana eliminated from the tourney in the first round today. Star guard on that Indiana team Steve Alford, now UCLA coach, leads his team to a victory led by his son’s hot shooting (8 3pointers). 1987 Final Four particpant Rick Pitino sees his Louisville team squeak by UC Irvine. 1987 Finalist ,Syracuse coach, Jim Boeheim, goes on a tirade against the NCAA after his team is sanctioned for violations. The other 1987 Final Four coach, Jerry Tarkanian (UNLV) passed away in January. I am wating for a Bobby Knight ritual.
More later on the Duke (Kentucky) /Christian Laettner (#32) ritual that the sports media is currently going overboard on.
When is the next Bradley turn date Geccko?
Hmmm some fractal similateries to historical topping patterns most recently to 3 years 7+ months ago as well as one ($ndx, $rut) from double7years 5 months ago. It looks like it’s going to be the ultimate Bradley date.
With the ES banging on the double (or triple?) top right now it looks destined to breakout… and I’d expect it to happen today! The SPX is lagging behind still but the Russell and Nasdaq already have new highs. The DOW is coming in 4th place but I suspect it will finish the race too. LOL!
Hmmm… not sure what to think about those Hindenburg Omen’s. Tomorrow “should” go up as the Russell has already made a new high, the Nasdaq is at a double top and ready to make a new high and the the S&P500 and the Dow are the only lagers.
Friday is “super moon” day occurring on the same day as the equinox and a solar eclipse. Add up the celestial events and then consider that Tuesday the market put in another Hindenburg Omen. That makes 3 confirmed Hindi’s since December. That’s fairly odd too. Add in some of the short term cycle indicators like the Fibonacci turn cluster, and you can hear the twilight zone music in the background.
Could it get stranger? It can and it does. Friday is also quadruple witching day for options and futures. It’s also the first day of the Hebrew calendar. I find it fitting that the world is bickering over the word patience, during the very week all this “extraneous” stuff is going on.