Unfortunately, i think it would have been better for us bears for the market to go up today to reach those few key levels. This could just stretch the whole thing out.
Awesome post Red. Thanks for all your contributions Sundancer. I will sink for a little while longer here. It ain't fun but what is a little while longer of pain (I hope)?!
June S&P E-mini Futures: Today's range estimate for the June contract is 1143 – 1156. I think a drop into the 1120-30 zone is imminent. Looking further ahead, look for the ES to reach the 1200 level by the end of May.
1134 -1145.50 actual range yesterday (11.5 points) 1143-1156 estimated range today (13 points) Currently 1151, so -8 to +5 from here
the chart that people should have their eyes on is the $TNX weekly, moving day is coming soon http://www.flickr.com/photos/47091634@N04/44264… whether the $TNX breaks up or down, it's probably not going to generate a positive reaction in equities
TNA has been a bit of a falling knife this morning. Still waiting.
Unfortunately, i think it would have been better for us bears for the market to go up today to reach those few key levels. This could just stretch the whole thing out.
Awesome post Red. Thanks for all your contributions Sundancer. I will sink for a little while longer here. It ain't fun but what is a little while longer of pain (I hope)?!
Am not in either at the moment. Wanted to get TNA this morning, but it's up 1.5% already.
Earl, I just sold my TZA. Are you in TNA
Carl just now:
June S&P E-mini Futures: Today's range estimate for the June contract is 1143 – 1156. I think a drop into the 1120-30 zone is imminent. Looking further ahead, look for the ES to reach the 1200 level by the end of May.
1134 -1145.50 actual range yesterday (11.5 points)
1143-1156 estimated range today (13 points)
Currently 1151, so -8 to +5 from here
Thanks
for those with the mindset that the move from March 9, 09 has been a correction then the place for it to terminate is near
$SPX monthly- $SPX is currently in a co-relational move to 3/03' dancing with max contain
http://www.flickr.com/photos/47091634@N04/44264…
$RUT- is points away from it's 679.75 level, the TA enthusiasts will see a massive H&S
http://www.flickr.com/photos/47091634@N04/44271…
the chart that people should have their eyes on is the $TNX weekly, moving day is coming soon
http://www.flickr.com/photos/47091634@N04/44264…
whether the $TNX breaks up or down, it's probably not going to generate a positive reaction in equities
Thanks SC have not seen these before.
keep up the hard work red. This is unsustainable –
http://market-ticker.org/archives/2068-New-Fed-…
Going to the Fed site and if you look at money flows it reeks of deleveraging and no recovery.
http://www.federalreserve.gov/releases/z1/Current/