This should be the final down day I believe. Call it a “capitulation” day… which leaves the weekend for them to iron out some type of deal that will allow a relief rally to start next Monday. If not, then Monday won’t be pretty.
i will have really great go long overnight signals, if the qqq drops 2% from today’s close. otherwise, my overnight charts saying neutral.
another signal i’m using is SKF—if that get to 68 retest, i’m going long
(any) bank.
After a flush out move to the downside tomorrow morning, I do expect a reversal to start and continue into early next week. So, I’ll be exiting my shorts tomorrow morning most likely.
Market fighting back VIX closed the 25.50 gap I expected. Day isn’t over though.
http://rocsinvestmentaccount.webs.com/
SPX @ 200 SMA: http://niftychartsandpatterns.blogspot.com/2011/07/s-500-hits-200-dma.html
I’m out of all shorts.
Should be another push down before any rebound attempt I believe.
This should be the final down day I believe. Call it a “capitulation” day… which leaves the weekend for them to iron out some type of deal that will allow a relief rally to start next Monday. If not, then Monday won’t be pretty.
The “Futures” are so bright, I gotta were shades!… LOL
The market makers are setting up the market perfectly.
http://rocsinvestmentaccount.webs.com/
ES Positive divergence: http://niftychartsandpatterns.blogspot.com/2011/07/es-hour-chart-analysis.html
i will have really great go long overnight signals, if the qqq drops 2% from today’s close. otherwise, my overnight charts saying neutral.
another signal i’m using is SKF—if that get to 68 retest, i’m going long
(any) bank.
After a flush out move to the downside tomorrow morning, I do expect a reversal to start and continue into early next week. So, I’ll be exiting my shorts tomorrow morning most likely.