The “Upward” sloping trendline coming in around 1220 is from the August 4th low, and the market bounced right off of it. I’d say it’s pretty important. The trendline above that is from 12/1/1994 and is around 1250 spx (about where the 125.45 SPY FP is… LOL) That should stop the market dead in it’s tracks tomorrow morning…
I think we could go up to the 125.45 FP on the SPY into the close and tomorrow morning to complete this wave 2 up. Then we should crash the rest of the day. I’m flat by the way, and well re-enter short tomorrow near that level.
…and there it goes…
SPX Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/11/s-500-analysis-after-closing-bell.html
So whatdya think? Intraday bounce off 50 or 200 tomorrow?
bounce after hours tanking again soon 🙂
Wow es ramping like its normal mkt hours!
this is bullish
http://www.foxnews.com/entertainment/2011/11/01/insiders-why-kim-kardashian-marriage-failed/
The “Upward” sloping trendline coming in around 1220 is from the August 4th low, and the market bounced right off of it. I’d say it’s pretty important. The trendline above that is from 12/1/1994 and is around 1250 spx (about where the 125.45 SPY FP is… LOL) That should stop the market dead in it’s tracks tomorrow morning…
http://screencast.com/t/L9OlHp8e0Pv
Yeah, I sold when the ramp started & partially short. I bet they really jack this up before tanking it.
Wow the HFTs aren’t worried about obvious manipulation, look at that churn vol, woo-hoo!
I think we could go up to the 125.45 FP on the SPY into the close and tomorrow morning to complete this wave 2 up. Then we should crash the rest of the day. I’m flat by the way, and well re-enter short tomorrow near that level.
🙂