Getting close to the 211.80 SPY FP target, but based on the time left today I think we’ll see it hit on Monday, (possibly Tuesday if they need to drop it one more time on Monday to lure in enough bears to make the squeeze up to hit the FP area.)
Do remember though that most FP’s are pierced through before the actual turn in the market happens. That means that we could go up as much as 10 SPX points higher then the FP before we roll over. So while the FP is around 2118 on the SPX we could see 2128 or so before topping.
Not sure? I’m looking for a gap up bear squeeze to hit at least 211.80 SPY, and if it goes past it some then I don’t see it going past 2130 SPX at max, so I’d be inching into shorts after the FP is hit.
It’s clearly a signal from the insiders and the 2130 SPX target is just based on it hitting the rising trendline on a daily chart that starts at1985 on July 3rd, 2014, connects to 2075 on 11/28/2014 and further touches 2093 on 12/29/2014.
Projecting out further puts it in the 2025-2030 area, which of course rises as time goes forward. But for this week that’s the zone. I’d like to see some news related gap up some morning soon, possibly Friday, next Monday or Tuesday?
It should run out of “bear buy stops” within the first few hours I’d think and then collapse back down. Of course if the ES squeezes up at say 8 am to 2115-2125 then you’ll know the buy stops are already cleared out and we should see it drop within minutes of the 9:30 am open. What day that happens is the real question?
The 10 and 5 day TRIN was at .80 yesterday and 5 and 10day Trinq (nasdaq) was at .77. Very low numbers and such low levels have been rare in the algo/ bot era if not nonexistent.
Been boning up on my Greek and Roman mythology lately in particular the origins of St. Baalentine’s Day. They even have a Valentine heavy in the recently released Kingsman flick.(released of course on Valentine’s eve or the start of the ancient Lupercal festival—-Wolf of Wall Street!!!!)
With all the time spent up here around 2100 SPX it’s highly likely there will be a stop sweep all the way up to 2125-2130 before topping and rolling over. Whether or not we see that on Thursday, February the 20th or not is anyone’s guess?
This is also around the FP area of 211.80 SPY as well. Actually the SPY should be a little higher if we hit 2125, which is common as we all have seen them go 5-10 points higher then other FP’s in the past. The move up should of course trick everyone into thinking the bull is going to run much higher, like 2200… but that’s just the time there’s no long left short as everyone is on the bull bus.
New moon in Aquarius in about an hour. Tomorrow 2-19 will be the 212th anniversary of the founding of Ohio, or when the US created its boundaries and constitution.
The stock market indices putting in an identical pattern to the euro top from last year and a certain little historical top triple ninen years ago. (for the Nasdaq then, SP has joined in the pattern here).
If we hit it tomorrow “before” the FOMC then it’s “possible” they will say something the market won’t like and cause the sell off to start Wednesday after 2:30 pm.
However, “most” FOMC days end near the high for the day after some whipsaw action up and down around the release of the minutes. So as long as we don’t hit that FP area Wednesday before the meeting then I’d put the odds of it happening Thursday morning, which I think would be a great short.
Do note that it’s common for them to go past the FP before topping and turning back down as it’s only a signal that it will be hit, not that it’s a “turn” level. But considering everything else it looks likely that we’ll turn back down shortly after the print is hit.
A lot has dropped from his subscription his losers are more than winners. Also his letters contradictis his call. He loves obama and think the fed is doing a fine job. That should tell you his personality.
Getting close to the 211.80 SPY FP target, but based on the time left today I think we’ll see it hit on Monday, (possibly Tuesday if they need to drop it one more time on Monday to lure in enough bears to make the squeeze up to hit the FP area.)
Do remember though that most FP’s are pierced through before the actual turn in the market happens. That means that we could go up as much as 10 SPX points higher then the FP before we roll over. So while the FP is around 2118 on the SPX we could see 2128 or so before topping.
Not sure? I’m looking for a gap up bear squeeze to hit at least 211.80 SPY, and if it goes past it some then I don’t see it going past 2130 SPX at max, so I’d be inching into shorts after the FP is hit.
It’s clearly a signal from the insiders and the 2130 SPX target is just based on it hitting the rising trendline on a daily chart that starts at1985 on July 3rd, 2014, connects to 2075 on 11/28/2014 and further touches 2093 on 12/29/2014.
Projecting out further puts it in the 2025-2030 area, which of course rises as time goes forward. But for this week that’s the zone. I’d like to see some news related gap up some morning soon, possibly Friday, next Monday or Tuesday?
It should run out of “bear buy stops” within the first few hours I’d think and then collapse back down. Of course if the ES squeezes up at say 8 am to 2115-2125 then you’ll know the buy stops are already cleared out and we should see it drop within minutes of the 9:30 am open. What day that happens is the real question?
Where do you see it rollover?
The 10 and 5 day TRIN was at .80 yesterday and 5 and 10day Trinq (nasdaq) was at .77. Very low numbers and such low levels have been rare in the algo/ bot era if not nonexistent.
Been boning up on my Greek and Roman mythology lately in particular the origins of St. Baalentine’s Day. They even have a Valentine heavy in the recently released Kingsman flick.(released of course on Valentine’s eve or the start of the ancient Lupercal festival—-Wolf of Wall Street!!!!)
With all the time spent up here around 2100 SPX it’s highly likely there will be a stop sweep all the way up to 2125-2130 before topping and rolling over. Whether or not we see that on Thursday, February the 20th or not is anyone’s guess?
This is also around the FP area of 211.80 SPY as well. Actually the SPY should be a little higher if we hit 2125, which is common as we all have seen them go 5-10 points higher then other FP’s in the past. The move up should of course trick everyone into thinking the bull is going to run much higher, like 2200… but that’s just the time there’s no long left short as everyone is on the bull bus.
Thursday is a 20 day, or an 11 as 2 (zero means nothing and is dropped) simply 1+1, so it’s possible we have a top tomorrow Geccko.
New moon in Aquarius in about an hour. Tomorrow 2-19 will be the 212th anniversary of the founding of Ohio, or when the US created its boundaries and constitution.
The stock market indices putting in an identical pattern to the euro top from last year and a certain little historical top triple ninen years ago. (for the Nasdaq then, SP has joined in the pattern here).
If we hit it tomorrow “before” the FOMC then it’s “possible” they will say something the market won’t like and cause the sell off to start Wednesday after 2:30 pm.
However, “most” FOMC days end near the high for the day after some whipsaw action up and down around the release of the minutes. So as long as we don’t hit that FP area Wednesday before the meeting then I’d put the odds of it happening Thursday morning, which I think would be a great short.
Do note that it’s common for them to go past the FP before topping and turning back down as it’s only a signal that it will be hit, not that it’s a “turn” level. But considering everything else it looks likely that we’ll turn back down shortly after the print is hit.
we are very close to 2118. Is this supposed to mark a top?
A lot has dropped from his subscription his losers are more than winners. Also his letters contradictis his call. He loves obama and think the fed is doing a fine job. That should tell you his personality.