The eclipse will start on 30th June for some – Thursday morning’s trading session for US, the eclipse will actually affect the US on Friday morning. If the previous eclipses are anything to go by we might get another run down well before the weekend. This run up today might be it for a few days. Then again… lol
Mr. TopStep is calling for a possible retest of the 1373 high… LOL! I don’t think we are going that high without a pullback first. The area of resistance looks to be around 1315 spx now, as the 2 ma lines flattened out and didn’t continue down as I previously said. They are almost crossing, which is a necktie of resistance. That, along with the downward sloping trendline, should stop the bulls advance and force a pullback before another attempt higher can occur. If so, the high I have is about the 1350 level, but not a higher high.
So, a turning point should be either this Friday or next Tuesday… who’s brave enough to go short over the weekend (just in case they stage some false flag for Independence Day)?
Looks like both the buyer of the 18 million spy contracts and the seller of the 22 million were both wrong, as we seem to be going nowhere today. A pause day here would indicate more upside though… at least usually, as it would likely reset the short term overbought charts. Of course if the charts are still overbought by the end of the day, then the pause day could fail as an “continuation” day and we could sell off tomorrow.
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The eclipse will start on 30th June for some – Thursday morning’s trading session for US, the eclipse will actually affect the US on Friday morning. If the previous eclipses are anything to go by we might get another run down well before the weekend. This run up today might be it for a few days. Then again… lol
Dow Jones hits the trend line: http://stk.ly/kY4qDg
Mr. TopStep is calling for a possible retest of the 1373 high… LOL! I don’t think we are going that high without a pullback first. The area of resistance looks to be around 1315 spx now, as the 2 ma lines flattened out and didn’t continue down as I previously said. They are almost crossing, which is a necktie of resistance. That, along with the downward sloping trendline, should stop the bulls advance and force a pullback before another attempt higher can occur. If so, the high I have is about the 1350 level, but not a higher high.
http://www.youtube.com/watch?v=YZweH7yWzrA
So, a turning point should be either this Friday or next Tuesday… who’s brave enough to go short over the weekend (just in case they stage some false flag for Independence Day)?
red, the last in this series of eclipses on July 1st – partial solar eclipse
Here’s the chart showing the New Moon on July 3rd…
http://astrocycle.net/SC/SPX_10.png
It’s been pretty accurate lately, so I wouldn’t be surprised if we open next Tuesday, July the 5th and start the sell off.
The top of that cloud is about where my 1310 spx is, and a wall of resistance. I still think that will be our best shorting spot.
SPY Chart: http://stk.ly/mK4MKv
Looks like both the buyer of the 18 million spy contracts and the seller of the 22 million were both wrong, as we seem to be going nowhere today. A pause day here would indicate more upside though… at least usually, as it would likely reset the short term overbought charts. Of course if the charts are still overbought by the end of the day, then the pause day could fail as an “continuation” day and we could sell off tomorrow.
We are Music Company
that specializes in the production and recording of music and sound effects.
The object behind the creation of this website is to put sound effects and
production music in one place with convenient previews, safe payment options,
and easy download access. For more details please visit our website http://www.rocksuresoundz.comThanksHudson millar