June S&P E-mini Futures: Today's range estimate is 1147 – 1161. The ES should reach the 1200 level by the end of May.
1145.50-1155.75 range yesterday 1159.50 high overnight 1147-1161 range estimate today (June contract) 14 points 1157.50 currently, so -10.50 to + 3.50 from here (Bearish)
My thoughts- all the technical conditions within the next two days should make the market ripe fro a major sell off (except for the dollar needs to rally but maybe a small sell off would actually spark that). The government says the healthcare plan resolution will be announced within 72 hours. I believe they will hold the market up until then and maybe for a day after (so it doesn't look like the market sold off because of a passed plan). Maybe the day after the plan passes (over the weekend), the government will stage a major catastrophe (perhaps in the middle east) so that a market sell off can then be attributed to something besides the health care plan. I know it sounds like a conspiracy theory, but I am beginning to believe in them 🙂
Today 3.17.2010 is an important day as a number of sequences align.
3.17.2010 is 888 days from the 10/11/2007 $SPX all time high 111 = 1.30.2008 high 222 = 5.19.2008 major high 333 = 9.8.2008 major high 444 = 12.29.2008 low 555 = 4.17.2009 high 666 = 8.7.2009 high 777 = 11.26.2009 dubai ritual (ES dumped 40 handles overnight)
another sequence aligns from the 3.6.2009 low 3.17.2010 = 1 year 11 days
important sequence from the 3.24.2000 $SPX high 9 years 11 months 21 days
I actually agree with you SC… At this point the bears would be lucky to get another 10% correction. Right now it's pretty clear… Free Money = Up Market.
Actually – the 888 theory might hold with SHJ bullish sentiment chart. Tomorrow (the 888 day) should be a new high with the sell off on Thursday. Note to self – leave the house and don't watch the tape tomorrow.
Carl's morning call:
June S&P E-mini Futures: Today's range estimate is 1147 – 1161. The ES should reach the 1200 level by the end of May.
1145.50-1155.75 range yesterday
1159.50 high overnight
1147-1161 range estimate today (June contract) 14 points
1157.50 currently, so -10.50 to + 3.50 from here (Bearish)
Does Monday 3/22/2010 hold any significance?
Here's a “conspiracy theory” for you… the government is honest. LOL Anyone believing that one has to be insane!
My thoughts- all the technical conditions within the next two days should make the market ripe fro a major sell off (except for the dollar needs to rally but maybe a small sell off would actually spark that). The government says the healthcare plan resolution will be announced within 72 hours. I believe they will hold the market up until then and maybe for a day after (so it doesn't look like the market sold off because of a passed plan). Maybe the day after the plan passes (over the weekend), the government will stage a major catastrophe (perhaps in the middle east) so that a market sell off can then be attributed to something besides the health care plan. I know it sounds like a conspiracy theory, but I am beginning to believe in them 🙂
Very freaky! If they dump the market today, that would just blow my mind!
Today 3.17.2010 is an important day as a number of sequences align.
3.17.2010 is 888 days from the 10/11/2007 $SPX all time high
111 = 1.30.2008 high
222 = 5.19.2008 major high
333 = 9.8.2008 major high
444 = 12.29.2008 low
555 = 4.17.2009 high
666 = 8.7.2009 high
777 = 11.26.2009 dubai ritual (ES dumped 40 handles overnight)
another sequence aligns from the 3.6.2009 low
3.17.2010 = 1 year 11 days
important sequence from the 3.24.2000 $SPX high
9 years 11 months 21 days
I actually agree with you SC… At this point the bears would be lucky to get another 10% correction. Right now it's pretty clear… Free Money = Up Market.
Hi, I went back and looked at these inflection points and they don't seem always to be tops or bottoms although they generally fall in the vicinity.
Actually – the 888 theory might hold with SHJ bullish sentiment chart. Tomorrow (the 888 day) should be a new high with the sell off on Thursday. Note to self – leave the house and don't watch the tape tomorrow.
Agreed. Owning TZA while he is long one or two units hasn't worked lately.