Well, l see some early morning weakness but I expect it won’t last long. I’m waiting until later in the day (close to the last hour) to see where we are… and then I’ll be looking to go short into tomorrow.
Agreed… I’ll be looking to get short tomorrow for a move down to 1300 at least, but probably a whole lot quicker then 2 weeks. At that point I’ll reassess the charts to see if it looks like just a “B” wave down in an ABC move up, or the start of a larger wave 3 down. Either way, going short is the right move do execute tomorrow.
The market will close beneath 1296 in the next two weeks. That’s where I get 44 easy points. I don’t know how high it goes, I just know I’m guaranteed those gains, so I don’t care how high they take it.
Also, there were several downward prints and one up print AH in SPY. The upward print was hit right before close of AH trading.
VIX is creeping up on stealth mode as the market marches higher. Hmm……
I wish I knew Shark? It’s an awful tough nut to crack! LOL
Thanks. is SPY ever going to tumble lol
Video Quickie…
http://screencast.com/t/bLRcGruvpQ
Silver looks ready to rollover…
US Dollar Ascending Triangle pattern: http://stk.ly/otecL2
Well, l see some early morning weakness but I expect it won’t last long. I’m waiting until later in the day (close to the last hour) to see where we are… and then I’ll be looking to go short into tomorrow.
Agreed… I’ll be looking to get short tomorrow for a move down to 1300 at least, but probably a whole lot quicker then 2 weeks. At that point I’ll reassess the charts to see if it looks like just a “B” wave down in an ABC move up, or the start of a larger wave 3 down. Either way, going short is the right move do execute tomorrow.
The market will close beneath 1296 in the next two weeks. That’s where I get 44 easy points. I don’t know how high it goes, I just know I’m guaranteed those gains, so I don’t care how high they take it.
Ok, so what are you saying basically? You still think we are going higher, or are you looking for some selling first… as in “an easy 44 points” lower.