No video tonight gang. Maybe I’ll do one in the morning? Regardless, I’m looking an exhaustion move up tomorrow, followed by selling into the close and into Thursday. I’m looking to short again early tomorrow… good luck bears!
I would love to see another gap up tomorrow, as I fully believe it would be an “exhaustion gap” and quickly fall back down. How about that next level “double top” at 1351 spx… or if you really want to push it, 1359. However I doubt it can get there without a pullback first. I’m looking to short tomorrow, as I think we are going back down soon.
How bout that window dressing fellas…This pig is getting plenty of lipstick. 1st of the month jumper coming up. Selling into strength might not be a bad idea…:)
Yeah, expecting a higher low or double bottom. I suppose it’s possible the trade will get away from me here unless tomorrow begins turning lower (seasonality is positive tomorrow as well).
I see silver going down to test 34 again before it can rally higher, but again, if tomorrow is up big again then my whole thesis is incorrect.
I think it will be a top as well. While we could see some selling this week to retest the 1311 spx low, (or to just put in a “higher low”?), I do see them pushing it up to the FP by the end of next week.
I’m short many risk assets right now (gold, silver, S&P, oil) as I closed my IWM calls today. Just waiting for a pullback to buy, but the situation remains bullish. However, it is unclear whether the 6/10 turn will be a bottom or a top. I am guessing it’s a top above 1350-60
LOL… so you are a bull now! I refuse to be one, but instead just wait until I can be a bear again. By the way, silver could go as $40.00… especially if the overall market rallies.
ES Chart: http://niftychartsandpatterns.blogspot.com/2011/06/es-near-important-sar-level.html
I’d love to see an exhaustion gap, and run higher.
why?
New Moon late tomorrow night. Darkest night of the month, trap the bulls come Thur morning.
http://www.life-cycles-destiny.com/dw/20112020.htm
and a symmetric confirmation of the dollar hitting some kind of lows around that date.
http://i53.tinypic.com/abm53r.png
No video tonight gang. Maybe I’ll do one in the morning? Regardless, I’m looking an exhaustion move up tomorrow, followed by selling into the close and into Thursday. I’m looking to short again early tomorrow… good luck bears!
I would love to see another gap up tomorrow, as I fully believe it would be an “exhaustion gap” and quickly fall back down. How about that next level “double top” at 1351 spx… or if you really want to push it, 1359. However I doubt it can get there without a pullback first. I’m looking to short tomorrow, as I think we are going back down soon.
How bout that window dressing fellas…This pig is getting plenty of lipstick. 1st of the month jumper coming up. Selling into strength might not be a bad idea…:)
Yeah, expecting a higher low or double bottom. I suppose it’s possible the trade will get away from me here unless tomorrow begins turning lower (seasonality is positive tomorrow as well).
I see silver going down to test 34 again before it can rally higher, but again, if tomorrow is up big again then my whole thesis is incorrect.
I think it will be a top as well. While we could see some selling this week to retest the 1311 spx low, (or to just put in a “higher low”?), I do see them pushing it up to the FP by the end of next week.
I’m short many risk assets right now (gold, silver, S&P, oil) as I closed my IWM calls today. Just waiting for a pullback to buy, but the situation remains bullish. However, it is unclear whether the 6/10 turn will be a bottom or a top. I am guessing it’s a top above 1350-60
Mr. TopStep…
http://www.youtube.com/watch?v=dKShqR1lOZ0
LOL… so you are a bull now! I refuse to be one, but instead just wait until I can be a bear again. By the way, silver could go as $40.00… especially if the overall market rallies.