We’ve now made a new higher high then yesterday. Wednesday is the middle of the week and rarely puts in the high or low for any given weekly close (7% chance it’s the high for this week). So that suggests we’ll see a higher high Thursday or Friday of this week before rolling over.
Today should be a down day. I’d look to short any attempt to rally back up and fill the gap this morning. But tomorrow and Friday is still undecided. We could still put in another higher high then yesterday before the week ends. So I’m only looking for a one day move down (today… Wednesday) and possibly more (depends on how far we go down).
We’re seeing the 3rd intraday high happening right now and it should breakout to the upside here if it’s going for 205-206 SPY. Otherwise we could drop back to fill the gap first before attempting another run up higher (if they plan on going higher?).
Failure here is bad for the bulls and “could” put in the high for the week even? Not sure yet but it’s looking weak now, and we are in the last hour of the day where there should be more volume. If however they do go up some more then I’d look for 205-206 SPY area for a top.
Since I don’t see that happening today I’d guess that we’ll see it Thursday after a possible pullback on Wednesday before that last squeeze up early Thursday.
Christie is getting attacked for defending parents’ rights to not poison (“vaccinate”) their children. The vitriol of the pro-forced poisoning thugs is becoming more extreme.
Based on what I’m seeing the charts right now it’s looking like a nice rally up is about to start… probably on Tuesday. How high could it go? As high as the 2030-2040 area from what the patterns suggest.
This will be invalidated (of course) should we breakdown lower today into the close as then there’s a vacuum below which spells a much larger drop. But for now the 200dma on the SPX is holding and that (along with many oversold charts) suggest a nice rally is about to start.
If I had to guess (based on the technicals in the charts mostly) I think we’ll bounce a little today and Tuesday and then rollover. But it really depends on how much we bounce? A big rally (not likely) should mean it will not rollover on Tuesday but push out until later in the week. Hard too tell right now.
With the FOMC meeting behind us and Legatus just ending a “turn” seems likely. Many would say that the turn would be to the upside as we are oversold on many short and medium term charts but the larger ones (weekly and monthly) suggest we will go down and break the rising support line on the weekly chart from 2011.
If it breaks by this Fridays’ close then we should expect move down into the 1800’s on the SPX before bottoming and having a rally to new highs into mid-summer. Of course if we have this move down now to such deep lows then the move down from the summer high might not be as larger. But we’ll cross that bridge when we get there.
I forgot to mention earlier that the Patriots also had the Tebow factor. Tebow played briefly for the Pats after his Broncos, Jets stints. He and his occultic entourage also flashed a 1987 against the Belacheats on December 18,2011 after scoring the opening TD for the Broncos. Several weeks later he faced the Belacheats in the playoffs after his infamous 316 performance the week before (1-8-2012) against Pittsburgh but the Pats easily handled his Broncos.
Then there is the Urban Meyer, Belacheat, Tebow connection….all seeming to share a fondness for Aaron Hernandez…well don’t know Tebows views on the matter.
Then there’s Patriots QB #12 and his Michigan connection. Michigan, a Bradley state and recently saw the hiring of a new coach Jim Harbaugh, the celebrated 1987 Michigan graduate and former Michigan QB who started in the 1987 Rose Bowl against Arizona State. Michigan fell to ASU 22-15. Phoenix also a Bradley city and the host of this year’s SuperBowl. Might need to dig into the Phoenix connection a little deeper. The NFL did browbeat Arizona into passing the Martin Luther King holdiay several years ago or they would never host another SB. King did have a 1929 birthday. He would have been 86 years old as of a few weeks ago.
Minnesota finished with an 8-7 record in 1987, made the playoffs as a wildcard and eventually lost to eventual SB champ Washington in the NFC title game. They beat NO in NO(Mardi Gras) in the wild card game and SF in the next round.
We’ve now made a new higher high then yesterday. Wednesday is the middle of the week and rarely puts in the high or low for any given weekly close (7% chance it’s the high for this week). So that suggests we’ll see a higher high Thursday or Friday of this week before rolling over.
Today should be a down day. I’d look to short any attempt to rally back up and fill the gap this morning. But tomorrow and Friday is still undecided. We could still put in another higher high then yesterday before the week ends. So I’m only looking for a one day move down (today… Wednesday) and possibly more (depends on how far we go down).
We’re seeing the 3rd intraday high happening right now and it should breakout to the upside here if it’s going for 205-206 SPY. Otherwise we could drop back to fill the gap first before attempting another run up higher (if they plan on going higher?).
Failure here is bad for the bulls and “could” put in the high for the week even? Not sure yet but it’s looking weak now, and we are in the last hour of the day where there should be more volume. If however they do go up some more then I’d look for 205-206 SPY area for a top.
Since I don’t see that happening today I’d guess that we’ll see it Thursday after a possible pullback on Wednesday before that last squeeze up early Thursday.
Truly sad how evil (and insane) these criminals are dchris81… thanks for the link.
Christie is getting attacked for defending parents’ rights to not poison (“vaccinate”) their children. The vitriol of the pro-forced poisoning thugs is becoming more extreme.
http://www.nj.com/politics/index.ssf/2015/02/parent_activist_defends_christies_longtime_support.html
https://www.youtube.com/watch?v=Nbn3NWMVLDc
Based on what I’m seeing the charts right now it’s looking like a nice rally up is about to start… probably on Tuesday. How high could it go? As high as the 2030-2040 area from what the patterns suggest.
This will be invalidated (of course) should we breakdown lower today into the close as then there’s a vacuum below which spells a much larger drop. But for now the 200dma on the SPX is holding and that (along with many oversold charts) suggest a nice rally is about to start.
If I had to guess (based on the technicals in the charts mostly) I think we’ll bounce a little today and Tuesday and then rollover. But it really depends on how much we bounce? A big rally (not likely) should mean it will not rollover on Tuesday but push out until later in the week. Hard too tell right now.
With the FOMC meeting behind us and Legatus just ending a “turn” seems likely. Many would say that the turn would be to the upside as we are oversold on many short and medium term charts but the larger ones (weekly and monthly) suggest we will go down and break the rising support line on the weekly chart from 2011.
If it breaks by this Fridays’ close then we should expect move down into the 1800’s on the SPX before bottoming and having a rally to new highs into mid-summer. Of course if we have this move down now to such deep lows then the move down from the summer high might not be as larger. But we’ll cross that bridge when we get there.
I forgot to mention earlier that the Patriots also had the Tebow factor. Tebow played briefly for the Pats after his Broncos, Jets stints. He and his occultic entourage also flashed a 1987 against the Belacheats on December 18,2011 after scoring the opening TD for the Broncos. Several weeks later he faced the Belacheats in the playoffs after his infamous 316 performance the week before (1-8-2012) against Pittsburgh but the Pats easily handled his Broncos.
Then there is the Urban Meyer, Belacheat, Tebow connection….all seeming to share a fondness for Aaron Hernandez…well don’t know Tebows views on the matter.
Then there’s Patriots QB #12 and his Michigan connection. Michigan, a Bradley state and recently saw the hiring of a new coach Jim Harbaugh, the celebrated 1987 Michigan graduate and former Michigan QB who started in the 1987 Rose Bowl against Arizona State. Michigan fell to ASU 22-15. Phoenix also a Bradley city and the host of this year’s SuperBowl. Might need to dig into the Phoenix connection a little deeper. The NFL did browbeat Arizona into passing the Martin Luther King holdiay several years ago or they would never host another SB. King did have a 1929 birthday. He would have been 86 years old as of a few weeks ago.
Minnesota finished with an 8-7 record in 1987, made the playoffs as a wildcard and eventually lost to eventual SB champ Washington in the NFC title game. They beat NO in NO(Mardi Gras) in the wild card game and SF in the next round.