(view on youtube, go here: http://www.youtube.com/watch?v=sTBQtx4-9fA)
Is it really going to Crash?
I don't know, but it certainly has all the signs of a large sell off coming. Maybe not a crash, but a big move is on its' way I believe. I see this Thursday and Friday as big sell off days... maybe even going down to that 105.39 spy fake print (FP)? Who knows? Regardless of how far it goes down, tomorrow might be the best opportunity to get short in quite awhile.
This has all the similarities of the first week of August, and you can see what happened after the week ended... it was ugly. I think that's the kind of move we are going to get this Thursday and Friday. I just can't see an explosive move up yet. The daily is just too tired, and needs to sell off some first. Maybe it can rally back after a pullback, but for now I see a big move down coming.
Also, we keep getting new FP's, that show some big moves to the downside. These prints will be filled, and based on the amount of them I have now, I think it's coming very soon now. The writing is on the wall now, but the timing is still unknown.
However, the charts are pointing to the daily and 60 minute charts rolling over by this Friday. Also, the Fed's POMO money will be done by Thursday, along with the portfolio managers spending their last dollar too, as the quarter ends on Thursday. So, putting all these pieces together you have a very high chance of a big move down coming by Friday.
Anyway, I'll keep this post short and ended it here. Beside, I've said it all in the video. My thoughts are that tomorrow will be the best opportunity to get short before a big fall. Good luck to everyone...