tell how more of a squeeze because flatlines @11am…then 12noon, game playing again to squeeze on low volume for the lunch hour…but no continue on last 30 minutes. Options x week is always games w/news tricks
I don’t see us going that high yet… maybe in July sometime? But right now I’m thinking we rollover and head down next week as it’s a very bearish week. Possibly slightly higher tomorrow and then down? But NO new high yet.
see on 60 min chart
they gap over 200 DMA & trendline to start squeeze
tell how more of a squeeze because flatlines @11am…then 12noon, game playing again to squeeze on low volume for the lunch hour…but no continue on last 30 minutes. Options x week is always games w/news tricks
SkyNet is such a well oiled machine. You gotta love how well time the release of a possible Greece deal lines up with the need to start a bear squeeze. http://www.businessinsider.com/the-euro-is-going-bananas-over-reports-of-a-bailout-deal-for-greece-2015-6
This rally looks and feels like a massive bear squeeze and not the start of a new long lasting grind higher.
Well, I guess there are a lot of bear stops up here as it’s going higher then I expected.
ES Futures look ready to rollover this morning before the open. Upside is very limited I believe. I think today will be a down day.
sorry, mis typed…should of been SPY 211.5 for that downward trend line I was talking about…see pic
Yes, your explaination let me figure it out…THANKS
By the way Doug, did you figure it out? (I posted a reply down below to your question).
I don’t see us going that high yet… maybe in July sometime? But right now I’m thinking we rollover and head down next week as it’s a very bearish week. Possibly slightly higher tomorrow and then down? But NO new high yet.