Well, as usual SkyNet tricked us all again. That fast down move yesterday into the close was done to work off some short term bearishness so they could ram it higher again today. Since the move down yesterday was the move I was expecting (although I was thinking it would start a new downtrend), I now think we won’t see another move down start until they push it much higher then I was expecting.
I was kinda looking for that gap fill from 01/27 to be the end of this rally up and then we’d rollover. We’ve past that level now and appear to be headed for a “bear squeeze” from the triple top we are currently at.
They say there are no triple tops (we know there is), as they are broken. My experience only tells me that triple tops don’t happen often. The reason is that they are usually broken on the 3rd hit of some important resistance or support level.
Of course the rare times that they aren’t broken the market reverses hard in the other direction. If we would have stopped yesterday around that 2052 SPX gap fill from the 01/27 low of the day and rolled over to the downside we would have only had a prior double top (from 01/09 at 2064 and 01/22 at 2064) with the 2052 high not making up into what we’d call a “triple top area”.
Clearly we are within that zone now with today’s current high of 2059 being within 5 points of the prior 2 highs. This is close enough in my opinion to call this a triple top. So the odds now favor a breakout to clear out stops above 2064 and create a bear squeeze up another 10-20 points higher.
On the rare chance that we don’t breakthrough the sell off to follow should drop quite nicely. If so, I’d expect some kind of low to happen next Thursday/Friday. But again, odds now favor them squeezing the bears (nothing new there, as they hate the bears) by breaking out of this triple top range.
Had they not pulled that little stunt yesterday with the quick drop to work off the short term overbought conditions we would probably be starting the down move today. But gangsters will be gangsters and stealing the sheep’s money is what they do best.
Timing the release of bearish news right when the charts are lined up in a certain setup is a master art that they do perfectly. Getting them to release this Greek news right at 3:30 pm EST (just as that 2052 gap was filled), which was like 8:30 pm their time has to tell you it was planned.
Who releases news late at night after your normal business day is closed? No company or government does… unless they want it released at a certain time, which we all know that’s exactly the case. Everything in the market is planned and the release of the news is ALWAYS scheduled around what in the charts and what the criminals what to happen.
SkyNet knew how the technicals in the charts were setting up for a big move down and it had to stop it before it happened. So a quick flush down to wipeout that alignment was done and it basically will buy them a day or so longer for the bulls, and higher prices.
But even more is that “if” they can get it up over this triple top zone and start the bear squeeze they could turn the charts back up to allow them to make a run for that prior all time high. Personally I don’t think they will do that, as I believe we are going to remain in a range bound zone for awhile longer, but never under estimate the manipulation these criminals can do.
So I don’t have any prediction on which way the market is going next. It’s the toss of a coin at this point. The charts say we fail to breakout and drop, but the manipulation of SkyNet says we go up and squeeze the bears. For now I just wait and watch for some new setup to appear.
There’s the downside move… a surprise and tricky one (of course). Don’t know what to think now? Wednesday’s rarely (7% of the time) put in a high or low for any given week. So do we still go up tomorrow? Odds say we do, but charts say the top was just put in right before that fast drop.
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.
Well, as usual SkyNet tricked us all again. That fast down move yesterday into the close was done to work off some short term bearishness so they could ram it higher again today. Since the move down yesterday was the move I was expecting (although I was thinking it would start a new downtrend), I now think we won’t see another move down start until they push it much higher then I was expecting.
I was kinda looking for that gap fill from 01/27 to be the end of this rally up and then we’d rollover. We’ve past that level now and appear to be headed for a “bear squeeze” from the triple top we are currently at.
They say there are no triple tops (we know there is), as they are broken. My experience only tells me that triple tops don’t happen often. The reason is that they are usually broken on the 3rd hit of some important resistance or support level.
Of course the rare times that they aren’t broken the market reverses hard in the other direction. If we would have stopped yesterday around that 2052 SPX gap fill from the 01/27 low of the day and rolled over to the downside we would have only had a prior double top (from 01/09 at 2064 and 01/22 at 2064) with the 2052 high not making up into what we’d call a “triple top area”.
Clearly we are within that zone now with today’s current high of 2059 being within 5 points of the prior 2 highs. This is close enough in my opinion to call this a triple top. So the odds now favor a breakout to clear out stops above 2064 and create a bear squeeze up another 10-20 points higher.
On the rare chance that we don’t breakthrough the sell off to follow should drop quite nicely. If so, I’d expect some kind of low to happen next Thursday/Friday. But again, odds now favor them squeezing the bears (nothing new there, as they hate the bears) by breaking out of this triple top range.
Had they not pulled that little stunt yesterday with the quick drop to work off the short term overbought conditions we would probably be starting the down move today. But gangsters will be gangsters and stealing the sheep’s money is what they do best.
Timing the release of bearish news right when the charts are lined up in a certain setup is a master art that they do perfectly. Getting them to release this Greek news right at 3:30 pm EST (just as that 2052 gap was filled), which was like 8:30 pm their time has to tell you it was planned.
Who releases news late at night after your normal business day is closed? No company or government does… unless they want it released at a certain time, which we all know that’s exactly the case. Everything in the market is planned and the release of the news is ALWAYS scheduled around what in the charts and what the criminals what to happen.
SkyNet knew how the technicals in the charts were setting up for a big move down and it had to stop it before it happened. So a quick flush down to wipeout that alignment was done and it basically will buy them a day or so longer for the bulls, and higher prices.
But even more is that “if” they can get it up over this triple top zone and start the bear squeeze they could turn the charts back up to allow them to make a run for that prior all time high. Personally I don’t think they will do that, as I believe we are going to remain in a range bound zone for awhile longer, but never under estimate the manipulation these criminals can do.
So I don’t have any prediction on which way the market is going next. It’s the toss of a coin at this point. The charts say we fail to breakout and drop, but the manipulation of SkyNet says we go up and squeeze the bears. For now I just wait and watch for some new setup to appear.
There’s the downside move… a surprise and tricky one (of course). Don’t know what to think now? Wednesday’s rarely (7% of the time) put in a high or low for any given week. So do we still go up tomorrow? Odds say we do, but charts say the top was just put in right before that fast drop.
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.