Just a side note, today is a 22 day and the high on the SPX was 1955.55… which is a lot of 5’s! Could mean nothing or it could mean the short term top was today? Just throwing that out there to think about. Since we never hit Dow 17,000 today they might want it first before selling off a little… or they know all the bears are waiting there so they fall short of hitting and make the bears chase the move down (which implies the high is in today and not on Tuesday).
Yep,,the way this thing has acted this week, I won’t be shocked if they work this up to SPX 2000 into the July 4th period. Unless Monday and Tues show some real downside power,I think the odds are very good we go higher the rest of June. Thanks for your updates.
It doesn’t look good for this being a top gang. The market is trading sideways and we all know that’s a bull flag. The lack of a pullback today into the close tells me we aren’t going to pullback now and instead continue up higher with 2000+ being the next target zone. I will exit all shorts today if we continue this sideways action into the close.
Just a side note, today is a 22 day and the high on the SPX was 1955.55… which is a lot of 5’s! Could mean nothing or it could mean the short term top was today? Just throwing that out there to think about. Since we never hit Dow 17,000 today they might want it first before selling off a little… or they know all the bears are waiting there so they fall short of hitting and make the bears chase the move down (which implies the high is in today and not on Tuesday).
New email about a penny stock pick went out just now…
New Post: http://reddragonleo.com/2014/06/09/bulls-in-control-until-mid-summer/
looking forward to your new post RDL. – thanks.
looks like it’s going to be hard for the boys to resist taking it to dow 17,000,at least for an intraday rub.
I wrote a new post tonight (Sunday) but I’m too tired to do the video and make the annotations on the charts, so I’ll finish it up Monday and post it.
ok amy…thanks for your view. – at 1950,even a 2% pullback is playable. see you monday.
not before a 2-4% corrction.
Yep,,the way this thing has acted this week, I won’t be shocked if they work this up to SPX 2000 into the July 4th period. Unless Monday and Tues show some real downside power,I think the odds are very good we go higher the rest of June. Thanks for your updates.
It doesn’t look good for this being a top gang. The market is trading sideways and we all know that’s a bull flag. The lack of a pullback today into the close tells me we aren’t going to pullback now and instead continue up higher with 2000+ being the next target zone. I will exit all shorts today if we continue this sideways action into the close.