I have rendered that 132.50 SPY print invalid due to it disappearing. A true print must remain on the chart permanently. It may still be hit at some point, but I consider it invalid.
I don’t think the Republicans are really trying. There’s nothing they can do. Obama has complete, absolute control over the media, as long as he does what he’s directed to do. Based on the brainwashing I’ve witnessed firsthand, Obama can throw a baby out of a White House window on National TV and a large portion of the public will blame Bush, or a “vast Republican conspiracy.”
Disclosure: I think Bush & Obama are Dumb & Dumber.
Not good for bulls tomorrow. They reset the “down day’s in a row” count, so now we could tank tomorrow. If we would have closed negative today, that would have been 6 down days in a row, giving the bulls a 80% + chance of closing positive tomorrow.
Now that it’s reset, the bulls don’t have a leg to stand on. While I still think we could pop in the morning and hit the 132.50 spy FP, the odds of the bulls holding the day positive are low. I think the 60 minute chart will quickly get overbought and a sell off in the close will happen.
Could be Cletus? Tomorrow morning is the last chance the bulls will have to hit the FP as the rest of tomorrow looks bearlicious!
I count 4 moves, a 5th would be good.
Refresh page for Wednesday Update…
What did I tell you today @ 11am??? now doesn’t set in stone, but reading i think more down 🙂
Here is a picture of a possible set up
http://content.screencast.com/users/Annamall2/folders/Jing/media/3195a00a-a992-4e43-a3f6-f168374d97c8/00000340.png
I have rendered that 132.50 SPY print invalid due to it disappearing. A true print must remain on the chart permanently. It may still be hit at some point, but I consider it invalid.
I don’t think the Republicans are really trying. There’s nothing they can do. Obama has complete, absolute control over the media, as long as he does what he’s directed to do. Based on the brainwashing I’ve witnessed firsthand, Obama can throw a baby out of a White House window on National TV and a large portion of the public will blame Bush, or a “vast Republican conspiracy.”
Disclosure: I think Bush & Obama are Dumb & Dumber.
Not good for bulls tomorrow. They reset the “down day’s in a row” count, so now we could tank tomorrow. If we would have closed negative today, that would have been 6 down days in a row, giving the bulls a 80% + chance of closing positive tomorrow.
Now that it’s reset, the bulls don’t have a leg to stand on. While I still think we could pop in the morning and hit the 132.50 spy FP, the odds of the bulls holding the day positive are low. I think the 60 minute chart will quickly get overbought and a sell off in the close will happen.
Good for bears! 😉
Bears need a positive close here and bulls need a negative close.
Republican’s won’t go for it. Just posturing…. tired of posturing.