Yeah, you are right, I don’t believe Bernake is speaking. It’s the Fed minutes that will be out. The weaker the economic numbers are, the more “dovish” the FED may be. That is generally bullish for the market. That 1388 FP IS REAL, dammit…. LOL! This has to be a shakedown, right?
Yeah, none of this makes sense. I’m been booking profits same-day for weeks now. Stuff is all over the place. I’m just going to wait until the last rally before making any truly big moves.
Yeah, but the same gap was passed over both on the way down and on the way up two days later. I guess we’ll find out tomorrow, but we’re near a small bounce, or possibly a struggle up for the next several weeks?
Listening to Mr. Topstep, they seem to think that the gap will get filled before a nice reversal. The one from April 19th-20th, around 1310 spx is what I think he’s talking about. That will also be a hit of the 100 day moving average.
This happened to me in OPX week in March. I was expecting Tues to be the bottom and then the “real” drop & reversal was Wed. I was the standard one day ahead on that one. Odd stuff.
Don’t forget a Bernake relief move tomorrow. This is a trading market right now and the 50 DMA has held on the S&P so far. I expect a move back up to the falling trendline at least by the end of the week regardless of if the short term charts work off the oversold conditions. They can stay overbought again for longer than we think.
Yes, it’s like it’s setting up for a crash… or one hell of a short squeeze! But which? I’m not sure what to think? The daily chart is getting oversold, but could go down more. The short term charts are working off their oversold conditions and will be overbought early tomorrow. I’m not sure what the gangsters got planned?
This is so weird. With the big retracements on the rallies the last 2 months, I expected to see bigger down days either yesterday or today, which didn’t happen. Either tomorrow or Thurs is a “actual” down day or this is all we get. Doesn’t make any sense though. A lot of big stocks are topping out, but the over markets are too buoyant.
Yeah, you are right, I don’t believe Bernake is speaking. It’s the Fed minutes that will be out. The weaker the economic numbers are, the more “dovish” the FED may be. That is generally bullish for the market. That 1388 FP IS REAL, dammit…. LOL! This has to be a shakedown, right?
Yeah, none of this makes sense. I’m been booking profits same-day for weeks now. Stuff is all over the place. I’m just going to wait until the last rally before making any truly big moves.
Yeah, but the same gap was passed over both on the way down and on the way up two days later. I guess we’ll find out tomorrow, but we’re near a small bounce, or possibly a struggle up for the next several weeks?
Listening to Mr. Topstep, they seem to think that the gap will get filled before a nice reversal. The one from April 19th-20th, around 1310 spx is what I think he’s talking about. That will also be a hit of the 100 day moving average.
This happened to me in OPX week in March. I was expecting Tues to be the bottom and then the “real” drop & reversal was Wed. I was the standard one day ahead on that one. Odd stuff.
Yes, that is true. I’m not sure though as I don’t think Bernanke is speaking? They appear to be simply releasing the minutes of the meeting…
http://mrtopstep.com/economic-calendar/
Don’t forget a Bernake relief move tomorrow. This is a trading market right now and the 50 DMA has held on the S&P so far. I expect a move back up to the falling trendline at least by the end of the week regardless of if the short term charts work off the oversold conditions. They can stay overbought again for longer than we think.
Mr. TopStep…
http://www.youtube.com/watch?v=xyzto5uMcMU&feature=player_embedded
Yes, it’s like it’s setting up for a crash… or one hell of a short squeeze! But which? I’m not sure what to think? The daily chart is getting oversold, but could go down more. The short term charts are working off their oversold conditions and will be overbought early tomorrow. I’m not sure what the gangsters got planned?
This is so weird. With the big retracements on the rallies the last 2 months, I expected to see bigger down days either yesterday or today, which didn’t happen. Either tomorrow or Thurs is a “actual” down day or this is all we get. Doesn’t make any sense though. A lot of big stocks are topping out, but the over markets are too buoyant.