Yes Shark, I agree with you on that one. While I’m still not sure if we only go to the 1310-1320 area, or on up to 1350, I’d say that the rally will be over sometime next week.
Today is hilarious! So with only an hour left, they have to pump the market, and what do they do as a cover story? BS story about a Greek 5-year plan. This is great! I wonder how long after market close they come out and say the story is false. These guys should write B-movies for Hollywood.
The PUMP just happened to hit congestion exactly at the prints from before hours this morning. What a coincidence! Rule #1, take the money and run, hah! Yeeaaah!
In regards to time, i think the bulls only have til 4pm NEXT friday, which is end of June. after that, i believe the bears will take control again. Because we are about to start the C wave up on the daily SPY and by the end of next week completed the B wave up on the weekly. After that, look for a WEEKLY C WAVE DOWN! The market will take no prisoners on that wave…
Yes, without the free money the gangsters can’t keep the market ponzi scheme working, and it will collapse. I’ll be shorting heavily if we get up to the 1310-1320 area, where the necktie of resistance is. Even if that’s not the final high in this move up, it should still produce a nice leg down.
Looking at some Gann angles, EOM may be a pivot, which would mean a week-long rally straight up to get to another local high. Guessing game is right! Tug of war going on now, almost like another element was just added to the mix. Someone knows something, and is going rogue. China is in a credit freeze and now margin calls abound in energy. This crude oil move is pissing off a lot of people and I think the govt may lose some pawns today…remember that without freshly printed cash, the manipulation is limited.
Yes, I think you might be right. It really going to depend on how long it takes, and where the MACD’s, Full STO’s, Slow STO’s, and Histogram bars are when we hit the 1310-1320 area (and of course it’s still just a guessing game… LOL). This move down was quite stronger and doesn’t bode well for the bulls. The bears really slapped them hard today. Quite a battle going on here, and the bulls case for 1350 was certainly weakened today.
If they keep these wild swings going, it’s likely to take a bit longer to get up to 1350… or a least 1310, not sure which one is correct? But, so far this still fits the pattern for a “B” wave down… although it was a little deeper then I expected.
Yes Shark, I agree with you on that one. While I’m still not sure if we only go to the 1310-1320 area, or on up to 1350, I’d say that the rally will be over sometime next week.
Today is hilarious! So with only an hour left, they have to pump the market, and what do they do as a cover story? BS story about a Greek 5-year plan. This is great! I wonder how long after market close they come out and say the story is false. These guys should write B-movies for Hollywood.
The PUMP just happened to hit congestion exactly at the prints from before hours this morning. What a coincidence! Rule #1, take the money and run, hah! Yeeaaah!
Man, there is a lot of bears getting squeezed right now! We could be getting started in a “C wave” up? Not good for trapped bears.
In regards to time, i think the bulls only have til 4pm NEXT friday, which is end of June. after that, i believe the bears will take control again. Because we are about to start the C wave up on the daily SPY and by the end of next week completed the B wave up on the weekly. After that, look for a WEEKLY C WAVE DOWN! The market will take no prisoners on that wave…
Yes, without the free money the gangsters can’t keep the market ponzi scheme working, and it will collapse. I’ll be shorting heavily if we get up to the 1310-1320 area, where the necktie of resistance is. Even if that’s not the final high in this move up, it should still produce a nice leg down.
Looking at some Gann angles, EOM may be a pivot, which would mean a week-long rally straight up to get to another local high. Guessing game is right! Tug of war going on now, almost like another element was just added to the mix. Someone knows something, and is going rogue. China is in a credit freeze and now margin calls abound in energy. This crude oil move is pissing off a lot of people and I think the govt may lose some pawns today…remember that without freshly printed cash, the manipulation is limited.
No free money + credit freeze + margin calls = ???
Yes, I think you might be right. It really going to depend on how long it takes, and where the MACD’s, Full STO’s, Slow STO’s, and Histogram bars are when we hit the 1310-1320 area (and of course it’s still just a guessing game… LOL). This move down was quite stronger and doesn’t bode well for the bulls. The bears really slapped them hard today. Quite a battle going on here, and the bulls case for 1350 was certainly weakened today.
Wow, hard core. Negative t-bill rates at the top of the market!
http://www.zerohedge.com/article/1-month-bill-offered-0005-3-month-0000
I think 1350 probably out of the question, but 1325 still might be in the cards? EFTs are going crazy trying to push this thing back up, yowsa!
If they keep these wild swings going, it’s likely to take a bit longer to get up to 1350… or a least 1310, not sure which one is correct? But, so far this still fits the pattern for a “B” wave down… although it was a little deeper then I expected.