day 2 of the SPY backtesting it's old dance partnerhttp://www.flickr.com/photos/47091634@N04/44226…
SPY has chewed up ~441,000,000 shares to advance .94 from it's friday high
$SPX currently has 5 consecutive higher closes than opens on it's daily
SC Me to.
Carl at day’s end:
1136-1150 estimate today for /ES (14 points)1139.25 -1145.25 actual today (6 points)Well within Carl’s range for today
Trades: Bought 1 unit of /ES at 1140.75, sold it at 1146.75 (gain of 6 points)
Grade B
it could have broader implications, but 1148.76 is the terminal point for this setup
I think Sundancer knows!
I don't think anyone knows where the final top is? I suspect he meant the short term top.
THE top or an interim top, you think?
Sundance – are you saying when XLF hits $15.82 – that would be a sign of market top?
thanks
XLF won't hit this number until ***the top*** time wise, for those that don't trade the XLF it will be a good point of synergy relative to other sector price levels
yes and given the action over the past 3 days a reaction for a couple days is likely, the $SPX 1131.56 gap is the first stop
day 2 of the SPY backtesting it's old dance partner
http://www.flickr.com/photos/47091634@N04/44226…
SPY has chewed up ~441,000,000 shares to advance .94 from it's friday high
$SPX currently has 5 consecutive higher closes than opens on it's daily
SC Me to.
Carl at day’s end:
1136-1150 estimate today for /ES (14 points)
1139.25 -1145.25 actual today (6 points)
Well within Carl’s range for today
Trades:
Bought 1 unit of /ES at 1140.75, sold it at 1146.75 (gain of 6 points)
Grade B
it could have broader implications, but 1148.76 is the terminal point for this setup
I think Sundancer knows!
I don't think anyone knows where the final top is? I suspect he meant the short term top.
THE top or an interim top, you think?
Sundance – are you saying when XLF hits $15.82 – that would be a sign of market top?
thanks
XLF won't hit this number until ***the top*** time wise, for those that don't trade the XLF it will be a good point of synergy relative to other sector price levels
yes and given the action over the past 3 days a reaction for a couple days is likely, the $SPX 1131.56 gap is the first stop