The market looks a little tired here gang. We could have a pullback to reset the short term charts from the their overbought conditions here in a day or so. Then I’d expect another move higher to breakthrough the 1850 high, but it probably won’t happen until next week.
This move down and then back up should create a negative divergence on the charts, which is needed for the final high to happen from this big move up from the low last week on the 5th. After the high happens next week I think we could then (finally) see some decent selling happen.
86,799 days later…..It’s got the True GRit number in there……GRavity……A number with GRAvitas…….7976 days from the Bradley date.
Tomorrow is 237years 237 days from you know when…………REDRUM!!!!!
The Nasdaq tried to break out above 4290 but it failed. I am expecting a 3-5% down. Same for the SnP failed to break 1850 for a close.
Blackberry Chart analysis: http://niftychartsandpatterns.blogspot.in/2014/02/blackberry-analysis-after-closing-bell.html
Groupon weekend update: http://niftychartsandpatterns.blogspot.in/2014/02/groupon-analysis-after-closing-bell.html
ES Chart analysis: http://niftychartsandpatterns.blogspot.in/2014/02/s-500-futures-before-opening-bell_20.html
the guy he follows
The market looks a little tired here gang. We could have a pullback to reset the short term charts from the their overbought conditions here in a day or so. Then I’d expect another move higher to breakthrough the 1850 high, but it probably won’t happen until next week.
This move down and then back up should create a negative divergence on the charts, which is needed for the final high to happen from this big move up from the low last week on the 5th. After the high happens next week I think we could then (finally) see some decent selling happen.
Apple Chart analysis: http://niftychartsandpatterns.blogspot.in/2014/02/apple-chart-analysis_19.html
will see ~3% pull back first.