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For 24 months straight, there has been a close below where the S&P was trading 3 days prior to month-end, in this case 1296, within two trading weeks. It’s 24 for 24. Those kind of odds are rare in the markets. Will the streak end now?

If the streak continues, the bulls can only guess at how many points they can squeeze out of this
bounce, while the bears know they can get an easy 44 points. Let’s see how it plays out.

Meanwhile, some highly unusual huge volume in DRV today towards the close.

Crude oil Bullish price action: http://niftychartsandpatterns.blogspot.com/2011/07/bullish-price-action-crude-oil.html

Well, I’m surprise they haven’t pushed up to the 134.46 FP, but the day isn’t over yet.  Expect a light volume day today gang, as all the wallstreet gangsters are still a little hung over from parties at the Hampton’s over the weekend.

ES in a range: http://stk.ly/jMNkQP

Yes, his stuff might be a killer, but one report in nearly seven months is not exactly going to set any trader’s hair on fire, is it?

I’m guessing most people on this blog already have the big picture….

lovin the stuff here lately. 

spot on love your analysis.The guy from http://www.forecastfortomorrow.com/trading-club stated today taht we are at some critical resistance points and posted a chart of the trannies, hmmm intersting. His stuff is killer.Can see a case for both sides, but I am more wondering if they have a plan for screwing the bulls partying here. Hmmmm. Greece is not the only one in trouble. 

Doesn’t matter to me. Just making sure I got the right email address 🙂