Wait a minute, I see that some old ticks are black and some are red. It depends on how the candle closed I see. If it closed negative, then it’s a red tick and if it closes positive it’s a black tick.
Since we have basically went straight up, without even a “B” wave down (in an ABC move up) I’d say the move down will likely be straight too. When this thing rolls over it’s going to get really ugly! I still believe we will hit the 127.07 spy FP and then crash… possibly tomorrow morning.
SPX Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/10/s-500-analysis-after-closing-bell_25.html
oil breakOUT. bears better step up or we go parabolic. oil up, stock up. prolly get close to 200 day spx then a correction.
Back to the ol’ BTFD. ES sells off 5 pts after hours, then ramps back up 15 the next day. Another 6 months of this.
Wait a minute, I see that some old ticks are black and some are red. It depends on how the candle closed I see. If it closed negative, then it’s a red tick and if it closes positive it’s a black tick.
Looks like they’re starting to pin the market every day now. That’s a hallmark of more qe.
I’ve seen them both colors, but you might be using a different interface.
Red of course, as all down ticks are.
What color?
There is a 124.67 FP on the spy at 12:14 pm… could be the pullback target?
Since we have basically went straight up, without even a “B” wave down (in an ABC move up) I’d say the move down will likely be straight too. When this thing rolls over it’s going to get really ugly! I still believe we will hit the 127.07 spy FP and then crash… possibly tomorrow morning.