I don’t pay much attention to the volume. I mainly just look at the cycles as a guide to when a turn should happen. Mid-June is still the likely period, so between now and then we could stay in a wide range. Volume does tend to dry up as the rally gets exhausted. But there needs to be a bearish cycle appear for any really good correction to happen. That should appear the second half of June.
Volume usually gets lower and lower as we approach a top… but I do still think we have another push higher still left. I don’t think it will reach the 787.13 FP on the SPY, but I do think we’ll see 7700+ on the ES before June 15th.
Geccko, I had to turn the captcha back on as I get 10-15 spam comments every day when I leave the comments open to guests. Please take the time to create a free account so you can login and then you can comment whenever you want as the captcha won’t appear on logged in users… just for guest. And unfortunately 99% of them are spammers. Sorry bud.
You need to setup an account so you can login and then you won’t have any problems posting. Just send me an email with the username and password you want and I’ll set it up for you.
I do think we should have a small pullback soon, but not a good one (7-8%) until sometime in August. Many people are looking for the CPI tomorrow to tank the market but I doubt if we see more then 1-2%, and then back up.
Glad to see you are able to comment again. Can you please create an account? I get hit with spam comments daily and would like to have the comments for logged in members to keep the bots from spamming me.
As for the market, it’s looking likely the pullback I was wanting this week won’t happen until later in July. So I agree with you on that…
Geccko… email me so I can set you up with an account so you can post comments. I had to turn on the CAPTCHA to prevent all the auto bot’s from posting spam comment. The system catches them, so they don’t show up publicly, but I have to delete them every day in the backend of wordpress. It’s a pain, so I made it so only logged in members can post. I don’t know your email or I would have already contacted you. I turned off the CAPTCHA temporarily so you can post but I need to get you an account so I can turn it back on to stop the auto bots.
I don’t pay much attention to the volume. I mainly just look at the cycles as a guide to when a turn should happen. Mid-June is still the likely period, so between now and then we could stay in a wide range. Volume does tend to dry up as the rally gets exhausted. But there needs to be a bearish cycle appear for any really good correction to happen. That should appear the second half of June.
Volume usually gets lower and lower as we approach a top… but I do still think we have another push higher still left. I don’t think it will reach the 787.13 FP on the SPY, but I do think we’ll see 7700+ on the ES before June 15th.
Thanks… it’s not easy but I’m getting a better feel for it now.
Geccko, I had to turn the captcha back on as I get 10-15 spam comments every day when I leave the comments open to guests. Please take the time to create a free account so you can login and then you can comment whenever you want as the captcha won’t appear on logged in users… just for guest. And unfortunately 99% of them are spammers. Sorry bud.
If we can squeeze one more time tomorrow to 6450 zone on the ES then I think will will have topped and will pullback 4% into next week.
You need to setup an account so you can login and then you won’t have any problems posting. Just send me an email with the username and password you want and I’ll set it up for you.
Today might have put in the high at 6374, but it might do one more attempt tomorrow.
I do think we should have a small pullback soon, but not a good one (7-8%) until sometime in August. Many people are looking for the CPI tomorrow to tank the market but I doubt if we see more then 1-2%, and then back up.
Glad to see you are able to comment again. Can you please create an account? I get hit with spam comments daily and would like to have the comments for logged in members to keep the bots from spamming me.
As for the market, it’s looking likely the pullback I was wanting this week won’t happen until later in July. So I agree with you on that…
Geccko… email me so I can set you up with an account so you can post comments. I had to turn on the CAPTCHA to prevent all the auto bot’s from posting spam comment. The system catches them, so they don’t show up publicly, but I have to delete them every day in the backend of wordpress. It’s a pain, so I made it so only logged in members can post. I don’t know your email or I would have already contacted you. I turned off the CAPTCHA temporarily so you can post but I need to get you an account so I can turn it back on to stop the auto bots.