there hasn't been a dip all week to let the shorts out or the longs in so the chance of a dip coming is losing probability as we draw in on the weekly close
we could flat line here and close the week @ 110.34 then gap out of this range on monday
if they gap the market tomorrow morning out this range then they'll close the market on the weekly highs
Does it matter if they close the market above 110.34 spy today? They have Bullish Monday next week, so they could easely break that level and head on up to 1127.38 by Friday next week.
But, the adx is losing steam and probably needs to re-cycle back up to reach that level. That's why I was really expecting a dip tomorrow to 109, and then a rally all of next week. Maybe they will close it right here at 110 tomorrow, but that doesn't give them much time to dip down a little before running higher.
Puzzling to say the least. The 110 level must be the max pain for tomorrow, that's all I can figure out.
bingo, the $RUT has always been a good tell on big moves as it broke it max contain on the monthly back at the end of May of 03' before any of the other indexes had broke max contain
it will be dancing with the 634.28 level at the end of next week and i suspect it will fail to close above it as there is a daily de-leverage area that needs to be hit in order to free up some capital which is IWM 54.34, the SPX de-leverage pt. is 965.95 which is why it makes a break of monthly contain highly unlikely now
Do you suspect that they will run up the market next week to tag the 1127.38 spx level and the 634.28 rut level to close out the month before the dump in the first week of March?
That is what happens in a bull rally. 🙂 People will just watch in disbelief.
But the data is showing strong across the board surge in momentum. The index charts are not picking that up.
Looks like we will gap up tomorrow Sun… I don't see any stopping this now.
there hasn't been a dip all week to let the shorts out or the longs in so the chance of a dip coming is losing probability as we draw in on the weekly close
we could flat line here and close the week @ 110.34 then gap out of this range on monday
if they gap the market tomorrow morning out this range then they'll close the market on the weekly highs
Does it matter if they close the market above 110.34 spy today? They have Bullish Monday next week, so they could easely break that level and head on up to 1127.38 by Friday next week.
But, the adx is losing steam and probably needs to re-cycle back up to reach that level. That's why I was really expecting a dip tomorrow to 109, and then a rally all of next week. Maybe they will close it right here at 110 tomorrow, but that doesn't give them much time to dip down a little before running higher.
Puzzling to say the least. The 110 level must be the max pain for tomorrow, that's all I can figure out.
bingo, the $RUT has always been a good tell on big moves as it broke it max contain on the monthly back at the end of May of 03' before any of the other indexes had broke max contain
it will be dancing with the 634.28 level at the end of next week and i suspect it will fail to close above it as there is a daily de-leverage area that needs to be hit in order to free up some capital which is IWM 54.34, the SPX de-leverage pt. is 965.95 which is why it makes a break of monthly contain highly unlikely now
Do you suspect that they will run up the market next week to tag the 1127.38 spx level and the 634.28 rut level to close out the month before the dump in the first week of March?
$RVX ($RUT's vix) is up today. It's a big divergence from SPX. We'll see if it holds.
$RVX is up today, which is suggesting to me that it will contain $RUT.
$RUT Monthly Chart of it's max containment pt.
it's bumped into max contain 4 times now, will the 5th time hold?
http://www.flickr.com/photos/47091634@N04/43677…
next stop on the $RUT is 634.28 (max contain pt.monthly)
next friday is going to be for all the marbles…
I think we are just grinding up. What is going to bring it down?