Arthur and I nailed the top at 5am. And went in hard. Very pleased. Not saying its THE top, but it was a nice intermediate one anyways. Going back to bed.
Lot’s of people expecting some selling on Monday and Tuesday… but if it’s to get up to that 1270 spx area, it won’t likely pullback much as there isn’t a lot of time left to recover from too deep of a sell off. That’s assuming they want to hit that level by Monday the 24th or so.
If we can continue to make lower lows until about 11:30 am est, then we will have very high odds that today will be a “trend day”… in this case, down.
I’m looking for about 120.46 spy as the bottom area for today.
Interesting timing on the EU… LOL
Looking for a five to seven point SPX retracement towards the recent high and I am going to nail it again. If and when it comes.
Arthur and I nailed the top at 5am. And went in hard. Very pleased. Not saying its THE top, but it was a nice intermediate one anyways. Going back to bed.
Totally Gratuitous Free Commodity newsletter BPT and Snorg Chicks
http://oahutrading.blogspot.com/
Odd things happening.
Well, the G-20 just gave the EU 1 week to solve all their problems. Perfect timing.
Lot’s of people expecting some selling on Monday and Tuesday… but if it’s to get up to that 1270 spx area, it won’t likely pullback much as there isn’t a lot of time left to recover from too deep of a sell off. That’s assuming they want to hit that level by Monday the 24th or so.
Yeah, that was certainly the WEAKEST fake capitulation I’d ever seen!