yupyup. Wouldnt be surprised to see the market get overbought again between may 17th and June 5th, after that, correction should begin. At least thats my target. I cant confirm we will get a new high by then..hopefully we will…DOW monthly RSI at 100, need at least the daily to get overbought again…
Well that wasnt my only reason to call for a stock correction starting by June 5th… but yes, QE2 is ending. And yes, there will be more debt monetization. There will be a correction soon. It will start no later than June 5th.
What about the 60 minute and 2 hour chart?
30min vix is about to hit its 200 day MA. Typically we get a bounce off of that. So the bears may have a chance after 11am this morning…
Sicken to see this BS manipulation… as usually.
The RUT and IWM are making this break above the falling trendline look pretty valid…
ES Triangle pattern:
http://niftychartsandpatterns.blogspot.com/2011/05/es-triangle-pattern.html
Refresh page for new update…
yupyup. Wouldnt be surprised to see the market get overbought again between may 17th and June 5th, after that, correction should begin. At least thats my target. I cant confirm we will get a new high by then..hopefully we will…DOW monthly RSI at 100, need at least the daily to get overbought again…
If the SPX hits the 1400+ level before June 5th, then you could be correct in your timing, IMO.
Well that wasnt my only reason to call for a stock correction starting by June 5th… but yes, QE2 is ending. And yes, there will be more debt monetization. There will be a correction soon. It will start no later than June 5th.
Yes, as that’s resistance from the upper trendline on this falling channel the market is in. Now let it roll back over and crash! LOL