March S&P E-mini Futures: The ES has given back all of yesterday's rally plus a little more. My best guess is that the low at 1090.25 will be taken out briefly. I see support near 1086. I am going to estimate today's day session range as 1086-1100. The market will reach 1200 over the next three months.
Note: /ES is 1088 now (2 points above Carl's low for the day)
Anna reminded me this morning how she mentioned that we wouldn't see any real big down moves until Obama gets his health care bill passed (She said that less then a year ago, before I started this blog or her blog).
That might happen Thursday or Friday, as they are in a meeting about it today. If he gets his way, as passes that piece of crap bill, then they may let this market crash?
I have a turn date on the 27th, and it could come a little early or later. Accurate to + or – 3 days. Today could start the whole sell off? Watch the dollar this morning, as I expect they will tank it to rally the market.
The turn date is over this weekend, and could start as early as today or as late as Tuesday. It's one of those + or – 3 days, and the actual day is the 27th.
A sell off is coming though, that's for sure. It could start as early as today, as since the futures are down right now, who knows?
After watching the overnight markets, I am now 100% convinced this market is manipulated. One thing to note about the volume weakness though – it could be due to the symmetrical triangle.
Yeah, I spoke with her about it. We'll probably tag that level tomorrow, as they are pretty accurate. Don't know if we will break it or not, as that's the lower trend line on the rising channel in the 60 minute chart I posted above.
Carl's morning words:
March S&P E-mini Futures: The ES has given back all of yesterday's rally plus a little more. My best guess is that the low at 1090.25 will be taken out briefly. I see support near 1086. I am going to estimate today's day session range as 1086-1100. The market will reach 1200 over the next three months.
Note: /ES is 1088 now (2 points above Carl's low for the day)
Thanks Red. Anna said there was another fake print this morning at 109.69. So far we got there and bounced off.
Anna reminded me this morning how she mentioned that we wouldn't see any real big down moves until Obama gets his health care bill passed (She said that less then a year ago, before I started this blog or her blog).
That might happen Thursday or Friday, as they are in a meeting about it today. If he gets his way, as passes that piece of crap bill, then they may let this market crash?
I have a turn date on the 27th, and it could come a little early or later. Accurate to + or – 3 days. Today could start the whole sell off? Watch the dollar this morning, as I expect they will tank it to rally the market.
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The turn date is over this weekend, and could start as early as today or as late as Tuesday. It's one of those + or – 3 days, and the actual day is the 27th.
A sell off is coming though, that's for sure. It could start as early as today, as since the futures are down right now, who knows?
interesting. Thank you! Maybe we will open there and move higher.
After watching the overnight markets, I am now 100% convinced this market is manipulated. One thing to note about the volume weakness though – it could be due to the symmetrical triangle.
http://stockcharts.com/school/doku.php?id=chart…
Yeah, I spoke with her about it. We'll probably tag that level tomorrow, as they are pretty accurate. Don't know if we will break it or not, as that's the lower trend line on the rising channel in the 60 minute chart I posted above.
I'll do my best 🙂
I love having you here… chatting about TNA stuff (wink). Just keep it fairly clean… OK? LOL
I'm not sure what you mean by a multi month reversal.
a monthly close (by this friday) above 1115.10 $SPX means the S&P goes up to new highs (above 1150) or reverses down and breaks 1045?