Sometimes these prints are straight sell signals, but if history is a guide, that is just a pullback target and the market might rise on Monday…but if it keeps going lower it was a sell signal. Bottom line: the trend is still down.
Doubt it. For now the trend is still down and my primary objective is the QQQ print of 54 for the time being. If they reverse the trend officially, I’ll have to change my interpretation of their plans.
Could be the closing price? Hard too tell? But I think we go higher next week. Everyone is expecting a sell off now, but we should only have a higher low, and then another push back up. How high is the question? Do we take out the current high now, and push for the 138.86 spy FP, or go back down to 1274 spx first, and then push up?
FP on SPY at 131.51. I have recorded it and will post it to my blog. I assume this means they will hit the 132.49 then head lower or just head lower now.
i watched this video. everyone is wearing radiation masks. sad…
MSFT Weekend update:http://niftychartsandpatterns.blogspot.com/2011/04/msft-weekend-update.html
Japan sinking video
http://www.youtube.com/watch?v=ZEf51ax5vWI&feature=share
Rally to be continued on Monday……….:)
Have a good weekend everyone. See you Sunday night.
Sometimes these prints are straight sell signals, but if history is a guide, that is just a pullback target and the market might rise on Monday…but if it keeps going lower it was a sell signal. Bottom line: the trend is still down.
Doubt it. For now the trend is still down and my primary objective is the QQQ print of 54 for the time being. If they reverse the trend officially, I’ll have to change my interpretation of their plans.
Could be the closing price? Hard too tell? But I think we go higher next week. Everyone is expecting a sell off now, but we should only have a higher low, and then another push back up. How high is the question? Do we take out the current high now, and push for the 138.86 spy FP, or go back down to 1274 spx first, and then push up?
FP on SPY at 131.51. I have recorded it and will post it to my blog. I assume this means they will hit the 132.49 then head lower or just head lower now.
ES Hour chart: http://niftychartsandpatterns.blogspot.com/2011/04/es-hour-chart-analysis_15.html