Odd thing is, I don’t see any “recent” upside prints for SPY that are higher than the last highs. I’d say the market probably doesn’t punch thru the top.
i think i am a SHAPE SHIFTER!! i lost 10 pounds and my jeans are falling off me now!! ahhhhhh!!! i will wear a belt cause with the price of cotton being inflated artificially from money printing, i refuse to buy a new pair!!!
Well, we got our gap up. Now let’s see if it can get to the 132.50 SPY FP from yesterday? It think it will get there before the day is over. Then, if there is a little selling from it, that would tell me the 60 minute chart wants to rollover, as it should be overbought by then.
Then Thursday could be another sell off day? I know opx weeks are usually bullish, and they still have POMO going, but if the charts rollover into the close, I’ll go short into Thursday. However, if they can clearly breakthrough the 1325 area today, then I probably wouldn’t as the down move could then be over for this week.
If the market is not acting well next week then it might be time to go short.
Odd thing is, I don’t see any “recent” upside prints for SPY that are higher than the last highs. I’d say the market probably doesn’t punch thru the top.
I think we will rally tomorrow, so I’m not going short yet.
Too Funny! ROFLMAO!
1250 SPX AND BEYOND! Get short again!
red,
i think i am a SHAPE SHIFTER!! i lost 10 pounds and my jeans are falling off me now!! ahhhhhh!!! i will wear a belt cause with the price of cotton being inflated artificially from money printing, i refuse to buy a new pair!!!
Well, we got our gap up. Now let’s see if it can get to the 132.50 SPY FP from yesterday? It think it will get there before the day is over. Then, if there is a little selling from it, that would tell me the 60 minute chart wants to rollover, as it should be overbought by then.
Then Thursday could be another sell off day? I know opx weeks are usually bullish, and they still have POMO going, but if the charts rollover into the close, I’ll go short into Thursday. However, if they can clearly breakthrough the 1325 area today, then I probably wouldn’t as the down move could then be over for this week.
you’ve guys have seen this, right?
http://www.rallymonkey.com/video.php
I should have taken a long position yesterday, and walked away.
this POMO crap will end, in crocodile tears someday.
ES Chart: http://niftychartsandpatterns.blogspot.com/2011/04/s-500-hour-chart-analysis.html