I don’t think at this point we are headed to 1536 this week as I expect some short term low to be put in tomorrow or Friday. This is because it’s option expiration week starting next Monday and they tend to be bullish. So if we can gap down tomorrow morning on the initial claims data and put in an exhaustion flush out move, then I’d say the low is in for this week.
Then Friday we’d see some type of rally start that should go up all next week to work off the short term oversold conditions. After that I’ll be expecting the move down to 1536 to start, but I have no idea how much of a rally we will get. Don’t expect it to be bullish all week this time around as the week charts is looking too bearish for the market to close up big next week.
Ok gang, based on the futures being up 10 points right now it’s looking like they are continuing to grind out toward the end of this triangle pattern. If they don’t breakout to the upside and stay on the downward sloping resistance trendline then today will be in a tight range all day as they bounce up and down from the lower support line to the top trendline.
This lack of a breakout should lead to a breakdown later today or Thursday morning. All I see is the short term charts working off their oversold conditions while the price level goes basically nowhere. Just chop up and down in a range but no real big move up like last Thursday and Friday. This is bearish in my opinion and I’m still not expecting another move higher from this inverted head and shoulders. I think Monday was the high for this week. However, if that 1646 level is cleared then I’m open to the thoughts that we’re going to test 1674 again.
Looks very bearish to me on all short term charts. I could see a move lower into the close today or another gap down tomorrow. They are making another annoying triangle it seems, as well as a head and shoulders pattern with yesterday’s high being the head and today’s rally from the open being the right shoulder.
This new head and shoulders pattern is on the right shoulder of a bigger inverted head and shoulders pattern that I don’t think will play out. If they chop this up enough and make another triangle then we might not see the move down until Thursday, but right now it’s certainly not looking good for the bulls.
I know that both the bulls and the bears see this inverted head and shoulders pattern but I would not trust it. I really don’t think it’s going to play out. In fact I think we are on our way down to retest the 1536 spx prior low (with some bounces along the way of course).
The newest sporting sensation, Y. Puig, hit a grand salami on Thursday but I didn’t see it so I couldn’t really analyze it….On the face of it, I didn’t see anything but I need to review the video.
But it was mentioned that he has now hit for a home run cycle in his first 5 games as a potentially budding occultist/guest announced on the 4 letter morning show today. He has hit a 1 run, 2 run,3run, and now 4 run homerun or 4 home runs in his first 5 games. (actually 4 HRs in 4 games but I needed to keep the guest’s numerological presentation intact.)
In the Puig videos I linked below, I also missed a few things initially.
His first home run was hit off of #33(6) for a 666—Puig=#66. The second came off of #38.
In the first video, after his game-ending throw he runs into the infield (after passing #16) and jumps into #33 (for another 666) with #16 next to both of them.
And for tomorrow, the star date of the week, 6-11 or 11years 9months from you know when. What will transpire? For the stock market, the worst I can see is a drop to the 50 day average but maybe something else??? Another date has better numerology…
But 6-11 is 62 or 66.
Chicago and Boston, 2 of the original 6 NHL teams, will face each other in the NHL finals…26 or 62…
The Django ending numerology soliloquoy (which I can’t remember in its entirety) starts:
SJ: I count 6 shots N*&%^@##&
Dj: (pulls out a gun) 2 guns……
Tomorrow is also………………613 weeks from you know when…or 4291 days later……The Thrice number scrambled!!!!!!
I don’t think at this point we are headed to 1536 this week as I expect some short term low to be put in tomorrow or Friday. This is because it’s option expiration week starting next Monday and they tend to be bullish. So if we can gap down tomorrow morning on the initial claims data and put in an exhaustion flush out move, then I’d say the low is in for this week.
Then Friday we’d see some type of rally start that should go up all next week to work off the short term oversold conditions. After that I’ll be expecting the move down to 1536 to start, but I have no idea how much of a rally we will get. Don’t expect it to be bullish all week this time around as the week charts is looking too bearish for the market to close up big next week.
Ok gang, based on the futures being up 10 points right now it’s looking like they are continuing to grind out toward the end of this triangle pattern. If they don’t breakout to the upside and stay on the downward sloping resistance trendline then today will be in a tight range all day as they bounce up and down from the lower support line to the top trendline.
This lack of a breakout should lead to a breakdown later today or Thursday morning. All I see is the short term charts working off their oversold conditions while the price level goes basically nowhere. Just chop up and down in a range but no real big move up like last Thursday and Friday. This is bearish in my opinion and I’m still not expecting another move higher from this inverted head and shoulders. I think Monday was the high for this week. However, if that 1646 level is cleared then I’m open to the thoughts that we’re going to test 1674 again.
EURUSD Trend analysis: http://niftychartsandpatterns.blogspot.in/2013/06/eurusd-trend-update.html
Ford chart analysis: http://niftychartsandpatterns.blogspot.in/2013/06/ford-chart-analysis.html
Looks very bearish to me on all short term charts. I could see a move lower into the close today or another gap down tomorrow. They are making another annoying triangle it seems, as well as a head and shoulders pattern with yesterday’s high being the head and today’s rally from the open being the right shoulder.
This new head and shoulders pattern is on the right shoulder of a bigger inverted head and shoulders pattern that I don’t think will play out. If they chop this up enough and make another triangle then we might not see the move down until Thursday, but right now it’s certainly not looking good for the bulls.
I know that both the bulls and the bears see this inverted head and shoulders pattern but I would not trust it. I really don’t think it’s going to play out. In fact I think we are on our way down to retest the 1536 spx prior low (with some bounces along the way of course).
GOLD Month and Weekly chart analysis: http://niftychartsandpatterns.blogspot.in/2013/06/gold-chart-analysis.html
In the L’Aventurra video, the S(19) +12 combines to form 31 or (111 or 13) another reference to 13???
In fact, Sorcerer displays the S L 3 or 19 12 9 in the American sequence…
The newest sporting sensation, Y. Puig, hit a grand salami on Thursday but I didn’t see it so I couldn’t really analyze it….On the face of it, I didn’t see anything but I need to review the video.
But it was mentioned that he has now hit for a home run cycle in his first 5 games as a potentially budding occultist/guest announced on the 4 letter morning show today. He has hit a 1 run, 2 run,3run, and now 4 run homerun or 4 home runs in his first 5 games. (actually 4 HRs in 4 games but I needed to keep the guest’s numerological presentation intact.)
In the Puig videos I linked below, I also missed a few things initially.
His first home run was hit off of #33(6) for a 666—Puig=#66. The second came off of #38.
In the first video, after his game-ending throw he runs into the infield (after passing #16) and jumps into #33 (for another 666) with #16 next to both of them.
And for tomorrow, the star date of the week, 6-11 or 11years 9months from you know when. What will transpire? For the stock market, the worst I can see is a drop to the 50 day average but maybe something else??? Another date has better numerology…
But 6-11 is 62 or 66.
Chicago and Boston, 2 of the original 6 NHL teams, will face each other in the NHL finals…26 or 62…
The Django ending numerology soliloquoy (which I can’t remember in its entirety) starts:
SJ: I count 6 shots N*&%^@##&
Dj: (pulls out a gun) 2 guns……
Tomorrow is also………………613 weeks from you know when…or 4291 days later……The Thrice number scrambled!!!!!!
9367 days from the lesser grand ritual….