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Sure looks that way to me Scott. But that doesn’t mean the SPX is going to explode upward… only that there won’t be much fear between now and opx Friday. From a technical point of view we should still pullback at a double top for at least a day, and then chop around some before running to 2100+ I believe.
Maybe they run up a little more this week and then drop back next week? I still think we’ll put a low in next Thursday or Friday before a squeeze higher the week of option expiration.
The market is looking like it might have topped last week. If so I’d expect a move down for about 2 weeks before the Santa Rally starts. Considering how overbought it currently is a move down should be welcome for the bulls if they want Santa to bring them more bear meat to eat.
I’d guess that we’ll drop until next Thursday/Friday, December 11th/12th before bottoming. While we should drop 100 or more points I doubt if we see half that amount because of the time of the year it is. With so many traders leaving early for Christmas Holiday’s SkyNet will have full control to move it up and down at a much slower pace then when the big boys are trading.
Big Institutions aren’t likely to dump anything heavy the rest of the years so we’ll just likely see some up and down chop until SkyNet shakes out that last bull and teases enough bears. I’ll just be day trading in and out, both long and short… but more short over the next 2 weeks I think. I just don’t see a multi-day trend down or up at this time, so quick trades are all I can do for now.
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Are you a business man or business woman, politician, musical, student and you want to be very rich, powerful and be famous in life. You can achieve your dreams by been a member of the Illuminati. With this all your dream-heart desire can be fully accomplish, if you really want to be a member of the great Illuminati then you can contact use for you to get what so ever you need in life,Kindly call us on +2348115560557 or you can also contact us with this email, jameswood01788@gmail.com
Considering the light volume selloff into the close today it’s possible that we’ve topped here for the short term (meaning a week or two) or we’ll top Monday. Today had prior stat’s of being up 6 out 7 times and Monday has similar odds (better I think), so if we fail to make a new “higher high” this coming December 1st where all that mutual fund money is waiting to be invested I’d say we’ll see some selling happen.
The big boys need to put that money to work and if they don’t buy on Monday then I’d say they want lower prices to buy at…. hence they will let the market fall some before coming backing to the market again. If so then we should see 2030-2040 next week as the first level of support.
If however Monday they make another new high then we could see the rest of the week continue higher with 2100+ as the target goal. I’m 60/40 that we’ve topped and will only make a lower high Monday and drift (choppy though) lower the rest of the week. I’d then expect a bottom on Thursday or Friday December 13th/14th before more upside.
Have a great weekend everyone and eat lot’s of Turkey… as if you’re not rich like the wolves that run the market then you’re a sheep like me, and/or a Turkey to fatten’ up for the kill… LOL!
Well, today should be the top based on my next denouement date ie traditional number of days off the top to denouement. The $rut had the best look to the historical double 7 years on Wednesday. The $ndx or Apple 100 should put in a new high in the near future though. Very overbought RSI right now there.
SC shows a ridiculous 207 new lows for the session which would trigger a mega HO signal. Even if the SC data is incorrect and they lower that figure, it should be well within the HO threshold. Of course, oil was down 8% or USO and the $xoi was down 7% which should bring it below the 2011 lows which shouldn’t be occurring in a strong economy. Of course, my pulse on the economy is that it has been crap since the start of summer (and was never very strong before) but the manipulators have been massaging the economic figures quite masterfully, which have been diverging from the European statistics (and even their figures are suspect—manufacturing is still technically expanding even there).
Today is 11-10 ie 11-28 and it si 1444 tds from the 3-6-9 low or 299 weeks later. I’ve got some nice Massive Attack clips on this for some later time. Also has a nice Lorde clip which has quite a few allusions to Kubrick’s grand ritual classic, the Shining.
Pluto and Uranus are also now both in the 12 degrees sector of Capricorn and Aries now for a pure square. Entered yesterday.
I get the feeling this week will be used to reset the overbought charts. With the extremely light volume there’s not much to do but go long on pullbacks and exit shortly there after. While the rally is probably 90-95% over with you just never know when they will drop it hard some morning, so day trading seems too be the safest way to play the game right now.
Hello,
After successful processing, you will be directed on how to acquire your membership form from your bloodline route.
A bloodline route is where your generation lineage of wealth is to be amounted from and you are going to obtain a form
from there with procedures that will be given to you once your bloodline check is fully processed, after you have must
have successfully acquired your form,your membership will be sealed before you will gain your membership benefits of $25000 weekly
and $1000000 monthly and be introduced to our top entertainers for your fame and stardom
Regards.
Sure looks that way to me Scott. But that doesn’t mean the SPX is going to explode upward… only that there won’t be much fear between now and opx Friday. From a technical point of view we should still pullback at a double top for at least a day, and then chop around some before running to 2100+ I believe.
Maybe they run up a little more this week and then drop back next week? I still think we’ll put a low in next Thursday or Friday before a squeeze higher the week of option expiration.
so someone is taking a gamble that the SPX is heading higher by 12/17. I guess is possible.
Was this insiders buying puts on the VIX? https://www.youtube.com/watch?v=DIMkfhEoS7E&list=UU83RU3yDhHwzG9d9LD1x5yQ
I am seeing 2018 as bottom in the next 2 weeks
The market is looking like it might have topped last week. If so I’d expect a move down for about 2 weeks before the Santa Rally starts. Considering how overbought it currently is a move down should be welcome for the bulls if they want Santa to bring them more bear meat to eat.
I’d guess that we’ll drop until next Thursday/Friday, December 11th/12th before bottoming. While we should drop 100 or more points I doubt if we see half that amount because of the time of the year it is. With so many traders leaving early for Christmas Holiday’s SkyNet will have full control to move it up and down at a much slower pace then when the big boys are trading.
Big Institutions aren’t likely to dump anything heavy the rest of the years so we’ll just likely see some up and down chop until SkyNet shakes out that last bull and teases enough bears. I’ll just be day trading in and out, both long and short… but more short over the next 2 weeks I think. I just don’t see a multi-day trend down or up at this time, so quick trades are all I can do for now.
WELCOME TO THE GREAT TEMPLE OF A BROTHERHOOD ILLUMINATI.
Are you a business man or business woman, politician, musical, student and you want to be very rich, powerful and be famous in life. You can achieve your dreams by been a member of the Illuminati. With this all your dream-heart desire can be fully accomplish, if you really want to be a member of the great Illuminati then you can contact use for you to get what so ever you need in life,Kindly call us on +2348115560557 or you can also contact us with this email, jameswood01788@gmail.com
Considering the light volume selloff into the close today it’s possible that we’ve topped here for the short term (meaning a week or two) or we’ll top Monday. Today had prior stat’s of being up 6 out 7 times and Monday has similar odds (better I think), so if we fail to make a new “higher high” this coming December 1st where all that mutual fund money is waiting to be invested I’d say we’ll see some selling happen.
The big boys need to put that money to work and if they don’t buy on Monday then I’d say they want lower prices to buy at…. hence they will let the market fall some before coming backing to the market again. If so then we should see 2030-2040 next week as the first level of support.
If however Monday they make another new high then we could see the rest of the week continue higher with 2100+ as the target goal. I’m 60/40 that we’ve topped and will only make a lower high Monday and drift (choppy though) lower the rest of the week. I’d then expect a bottom on Thursday or Friday December 13th/14th before more upside.
Have a great weekend everyone and eat lot’s of Turkey… as if you’re not rich like the wolves that run the market then you’re a sheep like me, and/or a Turkey to fatten’ up for the kill… LOL!
Well, today should be the top based on my next denouement date ie traditional number of days off the top to denouement. The $rut had the best look to the historical double 7 years on Wednesday. The $ndx or Apple 100 should put in a new high in the near future though. Very overbought RSI right now there.
SC shows a ridiculous 207 new lows for the session which would trigger a mega HO signal. Even if the SC data is incorrect and they lower that figure, it should be well within the HO threshold. Of course, oil was down 8% or USO and the $xoi was down 7% which should bring it below the 2011 lows which shouldn’t be occurring in a strong economy. Of course, my pulse on the economy is that it has been crap since the start of summer (and was never very strong before) but the manipulators have been massaging the economic figures quite masterfully, which have been diverging from the European statistics (and even their figures are suspect—manufacturing is still technically expanding even there).
Today is 11-10 ie 11-28 and it si 1444 tds from the 3-6-9 low or 299 weeks later. I’ve got some nice Massive Attack clips on this for some later time. Also has a nice Lorde clip which has quite a few allusions to Kubrick’s grand ritual classic, the Shining.
Pluto and Uranus are also now both in the 12 degrees sector of Capricorn and Aries now for a pure square. Entered yesterday.
I get the feeling this week will be used to reset the overbought charts. With the extremely light volume there’s not much to do but go long on pullbacks and exit shortly there after. While the rally is probably 90-95% over with you just never know when they will drop it hard some morning, so day trading seems too be the safest way to play the game right now.