I’m still looking for a higher high today or Friday then Wednesday’s high. We need a small squeeze up to that 212.97 SPY print preferable, but at least one penny over the current high of 212.24 SPY and 2119.59 SPX.
About a 93% chance of a higher high Tomorrow or Friday. My guess is that they use the jobless claims numbers at 8:30 am EST to spark a quick 10-15 point squeeze. Then at the open it should be a short for several days with a 30-40 point pullback.
Perfect amount of time to sell off to 2085 and go up to 2130-2140 area (or just go up without the pullback)
double 11 comin up next week
May he find his way to the USS Enterprise in Heaven… Leonard Nimoy, Mr. Spock Died Today at 83 years old. http://www.imdb.com/name/nm0000559/
This is very frustrating! The market won’t gap up big to end the rally so it can be shorted and it won’t start the bigger sell off either. Arrggh…
Silver charts: http://niftychartsandpatterns.blogspot.in/2015/02/silver-chart-update.html
What I’m seeing for the ES Futures: http://screencast.com/t/NHcRpBkKIacb
Very high odds that the market will drop Friday. The Dow Transports is telling us what’s coming.
I’m still looking for a higher high today or Friday then Wednesday’s high. We need a small squeeze up to that 212.97 SPY print preferable, but at least one penny over the current high of 212.24 SPY and 2119.59 SPX.
About a 93% chance of a higher high Tomorrow or Friday. My guess is that they use the jobless claims numbers at 8:30 am EST to spark a quick 10-15 point squeeze. Then at the open it should be a short for several days with a 30-40 point pullback.
Has the downfall started already???