Well another whipsaw, but a third lower high for the SP. $rut and $nasdaq underperformed Dow and SP and Transports basicllay gave back most of their gains. This is similar to another bounce off the lower Bband back in the early mid October period double 7 years ago. $rut, transports still below their previous Parabolic SAR support while a component of a certain little indicator bounced up to near the O line.
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Sunday will be 5-10-15, probably the last time we’ll be able to see a 66 for the year.
Thus running out of time for 12s as well unless one uses the 12 as a 5. Could it be an occultic Pentecost? 35 days following Easter. I was looking for today as a possible one with it being 33 days later but it was missing the 5 for the “pente”cost. Do the Greeks have something planned for Sunday. Still I don’t see it as the denouement date.
I am expecting a pullback on Monday. From there I’m not sure? Charts are bullish now but could go back to bearish if the pullback is strong. So that drop to below 2040 SPX isn’t totally off the table, it’s odds have just been lower a lot now. Best to take it one day at a time now and see what Monday gives us.
If I recall the play for NFP report days is to short the market if it gaps up or go long if it gaps down. The short term charts are aligned bullish so possibly we’ll see a gap up.
We have a possible Room 237 day tomorrow, considering it seems to be the season of 23. Maybe we get the DECISION ala 252 weeks earlier.
Anyway, we got most indices down to their lower expanding BBands except $rut which had already dropped below them and voila today the rut was up to get it back above the lower BB. Transports were flat today as they had also already reached their lower BB.
A certain little indicator whose component is getting into substantial negative territory while it is travelling below its 50 day average and lower BB, a very strong sell signal. Most also making new monthly lows today and dropping below previous Parabolic SAR support ( a sort of experimental trend signal/ confirmation).
This is the first time in awhile that the market hasn’t gaped up and squeezed from a previous day’s 20-30 point sell off. This suggests too me the bottom isn’t in yet and we’ll see a lower low on Thursday or Friday.
Everyone thinks (and I agree too) that we need to take out all the bulls long below the 2040 SPX zone as we’ve hit that area many times over the last few months and rallied from it. Not flushing them out has keep the market from breaking out to new highs… which has keep us range bound.
If they flush them out then I do think we can go up higher then the current high into June. If they don’t flush them out then we could be range bound for quite a bit longer.
Well another whipsaw, but a third lower high for the SP. $rut and $nasdaq underperformed Dow and SP and Transports basicllay gave back most of their gains. This is similar to another bounce off the lower Bband back in the early mid October period double 7 years ago. $rut, transports still below their previous Parabolic SAR support while a component of a certain little indicator bounced up to near the O line.
————-
Sunday will be 5-10-15, probably the last time we’ll be able to see a 66 for the year.
Thus running out of time for 12s as well unless one uses the 12 as a 5. Could it be an occultic Pentecost? 35 days following Easter. I was looking for today as a possible one with it being 33 days later but it was missing the 5 for the “pente”cost. Do the Greeks have something planned for Sunday. Still I don’t see it as the denouement date.
I am expecting a pullback on Monday. From there I’m not sure? Charts are bullish now but could go back to bearish if the pullback is strong. So that drop to below 2040 SPX isn’t totally off the table, it’s odds have just been lower a lot now. Best to take it one day at a time now and see what Monday gives us.
Market is very strong here with no signs of weakness. I wouldn’t touch a short right now.
ES Futures Update: http://screencast.com/t/b0ah80CuGAlY
I’d be interested in a short around 2110 on the ES Futures if hit today.
If I recall the play for NFP report days is to short the market if it gaps up or go long if it gaps down. The short term charts are aligned bullish so possibly we’ll see a gap up.
LOL… only a fool would willingly let someone put that in the back of their head.
Globalist transhumanism agenda to be brought front and center? https://pbs.twimg.com/media/CEZ0g3VWEAArps6.jpg
We have a possible Room 237 day tomorrow, considering it seems to be the season of 23. Maybe we get the DECISION ala 252 weeks earlier.
Anyway, we got most indices down to their lower expanding BBands except $rut which had already dropped below them and voila today the rut was up to get it back above the lower BB. Transports were flat today as they had also already reached their lower BB.
A certain little indicator whose component is getting into substantial negative territory while it is travelling below its 50 day average and lower BB, a very strong sell signal. Most also making new monthly lows today and dropping below previous Parabolic SAR support ( a sort of experimental trend signal/ confirmation).
This is the first time in awhile that the market hasn’t gaped up and squeezed from a previous day’s 20-30 point sell off. This suggests too me the bottom isn’t in yet and we’ll see a lower low on Thursday or Friday.
Everyone thinks (and I agree too) that we need to take out all the bulls long below the 2040 SPX zone as we’ve hit that area many times over the last few months and rallied from it. Not flushing them out has keep the market from breaking out to new highs… which has keep us range bound.
If they flush them out then I do think we can go up higher then the current high into June. If they don’t flush them out then we could be range bound for quite a bit longer.