The 10 and 5 day TRIN was at .80 yesterday and 5 and 10day Trinq (nasdaq) was at .77. Very low numbers and such low levels have been rare in the algo/ bot era if not nonexistent.
Been boning up on my Greek and Roman mythology lately in particular the origins of St. Baalentine’s Day. They even have a Valentine heavy in the recently released Kingsman flick.(released of course on Valentine’s eve or the start of the ancient Lupercal festival—-Wolf of Wall Street!!!!)
With all the time spent up here around 2100 SPX it’s highly likely there will be a stop sweep all the way up to 2125-2130 before topping and rolling over. Whether or not we see that on Thursday, February the 20th or not is anyone’s guess?
This is also around the FP area of 211.80 SPY as well. Actually the SPY should be a little higher if we hit 2125, which is common as we all have seen them go 5-10 points higher then other FP’s in the past. The move up should of course trick everyone into thinking the bull is going to run much higher, like 2200… but that’s just the time there’s no long left short as everyone is on the bull bus.
New moon in Aquarius in about an hour. Tomorrow 2-19 will be the 212th anniversary of the founding of Ohio, or when the US created its boundaries and constitution.
The stock market indices putting in an identical pattern to the euro top from last year and a certain little historical top triple ninen years ago. (for the Nasdaq then, SP has joined in the pattern here).
If we hit it tomorrow “before” the FOMC then it’s “possible” they will say something the market won’t like and cause the sell off to start Wednesday after 2:30 pm.
However, “most” FOMC days end near the high for the day after some whipsaw action up and down around the release of the minutes. So as long as we don’t hit that FP area Wednesday before the meeting then I’d put the odds of it happening Thursday morning, which I think would be a great short.
Do note that it’s common for them to go past the FP before topping and turning back down as it’s only a signal that it will be hit, not that it’s a “turn” level. But considering everything else it looks likely that we’ll turn back down shortly after the print is hit.
A lot has dropped from his subscription his losers are more than winners. Also his letters contradictis his call. He loves obama and think the fed is doing a fine job. That should tell you his personality.
I haven’t found him to be very accurate, at least not on the info he puts out for free on his site. Possibly he is more accurate with those that pay him? I don’t know? I just don’t think astrology works too well on the short term. Maybe on the multi-year picture, but it’s too easy for them to manipulate things on a daily basis.
The 10 and 5 day TRIN was at .80 yesterday and 5 and 10day Trinq (nasdaq) was at .77. Very low numbers and such low levels have been rare in the algo/ bot era if not nonexistent.
Been boning up on my Greek and Roman mythology lately in particular the origins of St. Baalentine’s Day. They even have a Valentine heavy in the recently released Kingsman flick.(released of course on Valentine’s eve or the start of the ancient Lupercal festival—-Wolf of Wall Street!!!!)
With all the time spent up here around 2100 SPX it’s highly likely there will be a stop sweep all the way up to 2125-2130 before topping and rolling over. Whether or not we see that on Thursday, February the 20th or not is anyone’s guess?
This is also around the FP area of 211.80 SPY as well. Actually the SPY should be a little higher if we hit 2125, which is common as we all have seen them go 5-10 points higher then other FP’s in the past. The move up should of course trick everyone into thinking the bull is going to run much higher, like 2200… but that’s just the time there’s no long left short as everyone is on the bull bus.
Thursday is a 20 day, or an 11 as 2 (zero means nothing and is dropped) simply 1+1, so it’s possible we have a top tomorrow Geccko.
New moon in Aquarius in about an hour. Tomorrow 2-19 will be the 212th anniversary of the founding of Ohio, or when the US created its boundaries and constitution.
The stock market indices putting in an identical pattern to the euro top from last year and a certain little historical top triple ninen years ago. (for the Nasdaq then, SP has joined in the pattern here).
If we hit it tomorrow “before” the FOMC then it’s “possible” they will say something the market won’t like and cause the sell off to start Wednesday after 2:30 pm.
However, “most” FOMC days end near the high for the day after some whipsaw action up and down around the release of the minutes. So as long as we don’t hit that FP area Wednesday before the meeting then I’d put the odds of it happening Thursday morning, which I think would be a great short.
Do note that it’s common for them to go past the FP before topping and turning back down as it’s only a signal that it will be hit, not that it’s a “turn” level. But considering everything else it looks likely that we’ll turn back down shortly after the print is hit.
we are very close to 2118. Is this supposed to mark a top?
A lot has dropped from his subscription his losers are more than winners. Also his letters contradictis his call. He loves obama and think the fed is doing a fine job. That should tell you his personality.
I haven’t found him to be very accurate, at least not on the info he puts out for free on his site. Possibly he is more accurate with those that pay him? I don’t know? I just don’t think astrology works too well on the short term. Maybe on the multi-year picture, but it’s too easy for them to manipulate things on a daily basis.
How accurate is this Mahendra person?
looks like a bull trap…..