Ok, yesterday we hit the upper falling trendline that I suggested we’d hit in the chart I posted. I then thought we’d go down to the area we are at now. So at this point I think we’ll find our low by noon today and then go back up into tomorrow.
While I’m not expecting another big move up I am expecting very little selling with an upward bias until after the FOMC minutes are release at 2pm Wednesday. Since I’m not expecting them to say anything to scare the market I’m also not expecting any big move to immediately follow.
History tells us that 80-90% of the FOMC days close day near the highs for that day. Then 1-2 days later we usually see a turn back down. The charts could be nice and overbought by then and if allowed to work then we could have another down Friday this week too? Don’t know yet but as for right now I’m expecting a bottom very soon here and a move up into Wednesday.
WELCOME TO ILLUMINATI FRATERNITY OF THE RICHES, is the world oldest and largest fraternity made up of Millions Members.We are one Family under one master who is the Supreme Being.In Illuminati we believe that we were born in paradise and no member should struggle in this world.join the illuminati today to get $25000 every 3 days and $1000000 monthly as membership blessing contact the following email: famousilluminatiworldwide@gmail.com, Join us today and accomplish your dreams..
WELCOME TO ILLUMINATI FRATERNITY OF THE RICHES, is the world oldest and largest fraternity made up of Millions Members.We are one Family under one master who is the Supreme Being.In Illuminati we believe that we were born in paradise and no member should struggle in this world.join the illuminati today to get $25000 every 3 days and $1000000 monthly as membership blessing contact the following email: famousilluminatiworldwide@gmail.com, Join us today and accomplish your dreams….
WELCOME TO ILLUMINATI FRATERNITY OF THE RICHES, is the world oldest and largest fraternity made up of Millions Members.We are one Family under one master who is the Supreme Being.In Illuminati we believe that we were born in paradise and no member should struggle in this world.join the illuminati today to get $25000 every 3 days and $1000000 monthly as membership blessing contact the following email: famousilluminatiworldwide@gmail.com, Join us today and accomplish your dreams.
As much as I think we should be going up into this Wednesday’s FOMC meeting the chart suggest a short here today. Several trendlines of resistance are currently being hit here at the open. Failure to get over them with a gap open usually leads to a market rolling over and pulling back. Possibly we go down today from the open and turn back up Tuesday and into Wednesday?
One thing for sure..that was a very quick “give back” of yesterdays 250 pt rally. The triple digit “down” days have mostly been larger than the triple digit “up” days the last week. Case in point last Friday was down 300 pts..and last Tues was down almost 340 pts….so we working lower here so far. As far as how we close today..the jury is out but I think it’s safe to say we could easily close down another 300+ pts today.- Perma bulls will want to see SPX 2040 hold like concrete thru next week.
I’m a little surprised they allowed the bearish setup work. If the low from Wednesday is taken out then I’ll have to redo the estimated upside target for next week. So far we are still just making a higher low (or double bottom). And since it’s now in the noon time period with Europe closing we should see the selling pressure let up. Let’s see if we get a bounce started…
Happy Friday the 13th (39) conjunct the Pluto Uranus square tomorrow. 1816 weeks from the release of Kubrick’s grand ritual classic, the Shining or 34 (3-13??)years 9 months 18 days ago (799). They moved the Moby Dick flick off its original 3-13 release date.
Looking hopefully for a certain little indicator to drop below its 50 day average tomorrow and will go below its lower BB if it does so. That would make for an UBER bearish sell signal. Today seems to have been a technical bounce off the lower BB for the stock indices. $ndx finally got to its lower BB yesterday.
Notice the action in the euro lately sans today.
3-15==18 and #18, Popgun, has a birthday coming up.
Ok, yesterday we hit the upper falling trendline that I suggested we’d hit in the chart I posted. I then thought we’d go down to the area we are at now. So at this point I think we’ll find our low by noon today and then go back up into tomorrow.
While I’m not expecting another big move up I am expecting very little selling with an upward bias until after the FOMC minutes are release at 2pm Wednesday. Since I’m not expecting them to say anything to scare the market I’m also not expecting any big move to immediately follow.
History tells us that 80-90% of the FOMC days close day near the highs for that day. Then 1-2 days later we usually see a turn back down. The charts could be nice and overbought by then and if allowed to work then we could have another down Friday this week too? Don’t know yet but as for right now I’m expecting a bottom very soon here and a move up into Wednesday.
WELCOME TO ILLUMINATI FRATERNITY OF THE RICHES, is the world oldest and largest fraternity made up of Millions Members.We are one Family under one master who is the Supreme Being.In Illuminati we believe that we were born in paradise and no member should struggle in this world.join the illuminati today to get $25000 every 3 days and $1000000 monthly as membership blessing contact the following email: famousilluminatiworldwide@gmail.com, Join us today and accomplish your dreams..
WELCOME TO ILLUMINATI FRATERNITY OF THE RICHES, is the world oldest and largest fraternity made up of Millions Members.We are one Family under one master who is the Supreme Being.In Illuminati we believe that we were born in paradise and no member should struggle in this world.join the illuminati today to get $25000 every 3 days and $1000000 monthly as membership blessing contact the following email: famousilluminatiworldwide@gmail.com, Join us today and accomplish your dreams….
WELCOME TO ILLUMINATI FRATERNITY OF THE RICHES, is the world oldest and largest fraternity made up of Millions Members.We are one Family under one master who is the Supreme Being.In Illuminati we believe that we were born in paradise and no member should struggle in this world.join the illuminati today to get $25000 every 3 days and $1000000 monthly as membership blessing contact the following email: famousilluminatiworldwide@gmail.com, Join us today and accomplish your dreams.
SPX Update: http://screencast.com/t/thKNg5coV
As much as I think we should be going up into this Wednesday’s FOMC meeting the chart suggest a short here today. Several trendlines of resistance are currently being hit here at the open. Failure to get over them with a gap open usually leads to a market rolling over and pulling back. Possibly we go down today from the open and turn back up Tuesday and into Wednesday?
Just riding a trendline of support now… if it breaks then it could get ugly!
One thing for sure..that was a very quick “give back” of yesterdays 250 pt rally. The triple digit “down” days have mostly been larger than the triple digit “up” days the last week. Case in point last Friday was down 300 pts..and last Tues was down almost 340 pts….so we working lower here so far. As far as how we close today..the jury is out but I think it’s safe to say we could easily close down another 300+ pts today.- Perma bulls will want to see SPX 2040 hold like concrete thru next week.
I’m a little surprised they allowed the bearish setup work. If the low from Wednesday is taken out then I’ll have to redo the estimated upside target for next week. So far we are still just making a higher low (or double bottom). And since it’s now in the noon time period with Europe closing we should see the selling pressure let up. Let’s see if we get a bounce started…
Happy Friday the 13th (39) conjunct the Pluto Uranus square tomorrow. 1816 weeks from the release of Kubrick’s grand ritual classic, the Shining or 34 (3-13??)years 9 months 18 days ago (799). They moved the Moby Dick flick off its original 3-13 release date.
Looking hopefully for a certain little indicator to drop below its 50 day average tomorrow and will go below its lower BB if it does so. That would make for an UBER bearish sell signal. Today seems to have been a technical bounce off the lower BB for the stock indices. $ndx finally got to its lower BB yesterday.
Notice the action in the euro lately sans today.
3-15==18 and #18, Popgun, has a birthday coming up.