With the ES banging on the double (or triple?) top right now it looks destined to breakout… and I’d expect it to happen today! The SPX is lagging behind still but the Russell and Nasdaq already have new highs. The DOW is coming in 4th place but I suspect it will finish the race too. LOL!
Hmmm… not sure what to think about those Hindenburg Omen’s. Tomorrow “should” go up as the Russell has already made a new high, the Nasdaq is at a double top and ready to make a new high and the the S&P500 and the Dow are the only lagers.
Friday is “super moon” day occurring on the same day as the equinox and a solar eclipse. Add up the celestial events and then consider that Tuesday the market put in another Hindenburg Omen. That makes 3 confirmed Hindi’s since December. That’s fairly odd too. Add in some of the short term cycle indicators like the Fibonacci turn cluster, and you can hear the twilight zone music in the background.
Could it get stranger? It can and it does. Friday is also quadruple witching day for options and futures. It’s also the first day of the Hebrew calendar. I find it fitting that the world is bickering over the word patience, during the very week all this “extraneous” stuff is going on.
Tomorrow 3-20 is the possible infamous 2012???? 32 ie 33 or 23. The recent history of Fridays immediately following a new moon have been harrowing experiences as was the case 2 years 8 months ago or one 21 weeks later. Since its a new moon/solar eclipse on the vernal equinox could it be the dawning of the Age of Aquarius???
I know they like using the 12 as a 5 or half so that 2012 also works as 25 (55). But we still might have to wait for a Taco Tuesday.
I know Willem Dafoe likes to play with 3 20 dollar bills in To Live and Die in LA.
Based on the power of the move up yesterday most of the bearish charts are now negated. The monthly is still bearish but it’s such a long time frame that we could still go up the rest of the month and it not move much at all. They are turning the weekly back up and daily.
So while I’m expecting them to pull back today I do expect this to only be a “pullback” and nothing more. Probably by the noon time period I’d guess they will turn them back up into Friday. Next week should also be bullish as well, but it’s possible they chop around for awhile before they pierce through the formal highs.
However, considering that the Russell already made a new high yesterday I don’t think it will take too long for the S&P500 and the Nasdaq to breakout to new highs. Once again it seems the Fed’s save the day and stop another big drop. It certainly makes you wonder what level we’d be at without them manipulating the market?
But it will all come to a horrible ending for the bulls when the final top it put in during the 3rd or 4th quarter of 2016, followed by a 1929 style crash in 2017. It’s been planned for many many years and it’s still set for that time period as of now. But until we get there we’ll have to just play the bull side 80% of the time and the bear side the other 20% of the time.
So I’ll be looking for a long today as the short couldn’t be took since we are going to gap down at the open. Typical move where you have to go short the day before and exit in the opening first few hours.
Downside support is around 2075 on the ES Futures and 2080 on the SPX. Should we get down there today I see it as a buy into Friday and next week with the next move up likely being the one that pierces through prior resistance and makes another new high.
Well a day like today would be expected to clear out the shorts before a big move down and I have a LOT of hits for tomorrow 3-19. The Greek stock market was down 4% and approaching its recent lows despite today’s hoopla in the US markets.
3-19 will be the last time we’ll see a 22 for the year or a Fahrenheit 4-15 or 46 (Tebow 316—3-19 will be 3years2monts11(511) days from his big 316 playoff game against the Steelers. Plus, we know they love their #19s especially in conjunction with moments of denouement. Especially on the eve of a solar eclipse on the vernal equinox with a Pluto Uranus square in hand.
3-19 also 3-10 or 13 or even Kubrick’s 1921 Photo from the Shining.
Tomorrow is also 1519 tds from the 3-6-9 low or 6years 13 days (64) ago. So So much more numerology but let’s see how things materialize.
Yeah… obviously I didn’t go short after I seen it blow through that 2082 area like hot butter! At this point I’m just waiting to see what the end of the day does. It might go a little higher Thursday morning too? Hard too say right now? A double top seems like the plan of action but they still might back down for a day or so before blasting through?
Historically we all know that most FOMC days close positive and near the high for the day. So will this time be different? I don’t know the answer there but even if we do close up I’m just not believing that we are going to continue up toward new highs the rest of this week and into next week.
The monthly and weekly charts don’t look the same as they did during the previous rallies. They are currently much more bearish looking and I don’t get the feeling we have much more left on the upside. Possibly we do rally into the close today from whatever the Fed’s say at 2pm but I don’t see the rest of the week and some big continuation squeeze up.
In fact I wouldn’t be surprised if we don’t stay under the falling trendline of resistance I’ve shown several times that’s currently in the 2082 area on the SPX. If we hit it into the close today (or even Thursday morning) I’m going to become bearish again and look to short it.
These trendlines of resistance are usually broken with some type of news prior to the market open so they can just gap over the level as opposed to attempting to pierce through them. Since I don’t see much more “market moving news” this week (the Jobless Claims Thursday at 8:30am doesn’t pull much weight anymore it seems) the current FOMC minutes being released today at 2pm should give the market the biggest adrenaline shot.
Once it wears off (probably by the close) you have ask yourself what’s going to spark a further rally on Thursday or Friday? If the market was oversold then that might be a reason but the market is neutral to becoming overbought on the short term and very overbought on the monthly and weekly charts.
Then there’s “What would SkyNet do?” (not to be confused with “what would Seth Godin do”… LOL). I think too many people here are expecting another blowoff rally to happen just like how the last 3 months produced those insane moves up with no decent pullbacks to ride the bulls’ back.
As we all remember those crazy moves up they were relentless without any compassion to let a trapped bear out or a want-a-bee bull in. This current rally feels (and looks) different. There’s no energy in it. The volume levels are ridiculously low, which should tell you that the big institutions aren’t buying much stock at these levels.
So I’m going with a short should the SPX go up and hit this falling trendline around 2082 currently. I see nothing tomorrow to spark a further rally. Any move up today into that zone should exhaust the bulls and leave them open for a move down to start on Thursday. This all assumes there’s nothing major said at the FOMC meeting today.
With the ES banging on the double (or triple?) top right now it looks destined to breakout… and I’d expect it to happen today! The SPX is lagging behind still but the Russell and Nasdaq already have new highs. The DOW is coming in 4th place but I suspect it will finish the race too. LOL!
Hmmm… not sure what to think about those Hindenburg Omen’s. Tomorrow “should” go up as the Russell has already made a new high, the Nasdaq is at a double top and ready to make a new high and the the S&P500 and the Dow are the only lagers.
Friday is “super moon” day occurring on the same day as the equinox and a solar eclipse. Add up the celestial events and then consider that Tuesday the market put in another Hindenburg Omen. That makes 3 confirmed Hindi’s since December. That’s fairly odd too. Add in some of the short term cycle indicators like the Fibonacci turn cluster, and you can hear the twilight zone music in the background.
Could it get stranger? It can and it does. Friday is also quadruple witching day for options and futures. It’s also the first day of the Hebrew calendar. I find it fitting that the world is bickering over the word patience, during the very week all this “extraneous” stuff is going on.
Tomorrow 3-20 is the possible infamous 2012???? 32 ie 33 or 23. The recent history of Fridays immediately following a new moon have been harrowing experiences as was the case 2 years 8 months ago or one 21 weeks later. Since its a new moon/solar eclipse on the vernal equinox could it be the dawning of the Age of Aquarius???
I know they like using the 12 as a 5 or half so that 2012 also works as 25 (55). But we still might have to wait for a Taco Tuesday.
I know Willem Dafoe likes to play with 3 20 dollar bills in To Live and Die in LA.
Based on the power of the move up yesterday most of the bearish charts are now negated. The monthly is still bearish but it’s such a long time frame that we could still go up the rest of the month and it not move much at all. They are turning the weekly back up and daily.
So while I’m expecting them to pull back today I do expect this to only be a “pullback” and nothing more. Probably by the noon time period I’d guess they will turn them back up into Friday. Next week should also be bullish as well, but it’s possible they chop around for awhile before they pierce through the formal highs.
However, considering that the Russell already made a new high yesterday I don’t think it will take too long for the S&P500 and the Nasdaq to breakout to new highs. Once again it seems the Fed’s save the day and stop another big drop. It certainly makes you wonder what level we’d be at without them manipulating the market?
But it will all come to a horrible ending for the bulls when the final top it put in during the 3rd or 4th quarter of 2016, followed by a 1929 style crash in 2017. It’s been planned for many many years and it’s still set for that time period as of now. But until we get there we’ll have to just play the bull side 80% of the time and the bear side the other 20% of the time.
So I’ll be looking for a long today as the short couldn’t be took since we are going to gap down at the open. Typical move where you have to go short the day before and exit in the opening first few hours.
Downside support is around 2075 on the ES Futures and 2080 on the SPX. Should we get down there today I see it as a buy into Friday and next week with the next move up likely being the one that pierces through prior resistance and makes another new high.
It looks like they finally did some stop clearing in the euro as well.
Well a day like today would be expected to clear out the shorts before a big move down and I have a LOT of hits for tomorrow 3-19. The Greek stock market was down 4% and approaching its recent lows despite today’s hoopla in the US markets.
3-19 will be the last time we’ll see a 22 for the year or a Fahrenheit 4-15 or 46 (Tebow 316—3-19 will be 3years2monts11(511) days from his big 316 playoff game against the Steelers. Plus, we know they love their #19s especially in conjunction with moments of denouement. Especially on the eve of a solar eclipse on the vernal equinox with a Pluto Uranus square in hand.
3-19 also 3-10 or 13 or even Kubrick’s 1921 Photo from the Shining.
Tomorrow is also 1519 tds from the 3-6-9 low or 6years 13 days (64) ago. So So much more numerology but let’s see how things materialize.
Yeah… obviously I didn’t go short after I seen it blow through that 2082 area like hot butter! At this point I’m just waiting to see what the end of the day does. It might go a little higher Thursday morning too? Hard too say right now? A double top seems like the plan of action but they still might back down for a day or so before blasting through?
wow over 2100
Historically we all know that most FOMC days close positive and near the high for the day. So will this time be different? I don’t know the answer there but even if we do close up I’m just not believing that we are going to continue up toward new highs the rest of this week and into next week.
The monthly and weekly charts don’t look the same as they did during the previous rallies. They are currently much more bearish looking and I don’t get the feeling we have much more left on the upside. Possibly we do rally into the close today from whatever the Fed’s say at 2pm but I don’t see the rest of the week and some big continuation squeeze up.
In fact I wouldn’t be surprised if we don’t stay under the falling trendline of resistance I’ve shown several times that’s currently in the 2082 area on the SPX. If we hit it into the close today (or even Thursday morning) I’m going to become bearish again and look to short it.
These trendlines of resistance are usually broken with some type of news prior to the market open so they can just gap over the level as opposed to attempting to pierce through them. Since I don’t see much more “market moving news” this week (the Jobless Claims Thursday at 8:30am doesn’t pull much weight anymore it seems) the current FOMC minutes being released today at 2pm should give the market the biggest adrenaline shot.
Once it wears off (probably by the close) you have ask yourself what’s going to spark a further rally on Thursday or Friday? If the market was oversold then that might be a reason but the market is neutral to becoming overbought on the short term and very overbought on the monthly and weekly charts.
Then there’s “What would SkyNet do?” (not to be confused with “what would Seth Godin do”… LOL). I think too many people here are expecting another blowoff rally to happen just like how the last 3 months produced those insane moves up with no decent pullbacks to ride the bulls’ back.
As we all remember those crazy moves up they were relentless without any compassion to let a trapped bear out or a want-a-bee bull in. This current rally feels (and looks) different. There’s no energy in it. The volume levels are ridiculously low, which should tell you that the big institutions aren’t buying much stock at these levels.
So I’m going with a short should the SPX go up and hit this falling trendline around 2082 currently. I see nothing tomorrow to spark a further rally. Any move up today into that zone should exhaust the bulls and leave them open for a move down to start on Thursday. This all assumes there’s nothing major said at the FOMC meeting today.
http://screencast.com/t/dBUH4gR7