I’m kind of leaning toward a move up on the market to the FP’s on the spy and qqq, and then the 30-60 minute charts should become overbought and rollover into the close. Maybe the USO continues trading sideways all day making a better bear flag, and then collapses with the market together?
Well, the 30-60 min SPX charts look like they could move higher, but the daily is pretty neutral IMO. I think 1325 FP may get hit tomorrow if JPM earnings and outlook are good. Also, oil coming down IS consumer friendly.
Yes, it’s very difficult to trade. If the bear flag plays out on Oil tomorrow morning, then we could see that morning flush out to the downside. If not, then we could grind higher in the morning and then sell off into the close. Hard too predict which will happen?
I’m leveraged long via DRN. $RMZ (real estate index) i.e. Fed inflated junk has outperformed $SPX over the last two days, suggesting to me a wicked snap-back to the upside is in play very soon. $SPX could test 1305 on an early morning gap down, and then rocket up. Or we just just rocket up from here.
Very difficult to trade — it looks like a rounded top, but we should know better than that by now.
Patience is the key…. I always jump the gun too quick… I am waiting for it to bounce…. I mean…no need to chase it…it will come to us :)… with all these pomo money… you know they gonna jack this market up…..buy the DIPS lol short the rips..
Yeah if we see a mid-week bounce, that would be a great set-up…wait for it…wait for it..! Of course, they can take it down tomorrow and the next day and set everyone up for a short squeeze. These guys are just full of POMO-cocaine induced moves.
Yes, that’s possible Kevin, but I’m still thinking we will get another leg down. Maybe up tomorrow and Thursday to end opx, but I don’t think we are quite really to go higher toward the 138.86 FP just yet. This right shoulder looks to shallow too me.
Heavy POMO for the rest of the week. New schedule released just a short time ago. Think we’ll revisit that possible inverse head and shoulder neckline area???
I’m kind of leaning toward a move up on the market to the FP’s on the spy and qqq, and then the 30-60 minute charts should become overbought and rollover into the close. Maybe the USO continues trading sideways all day making a better bear flag, and then collapses with the market together?
Well, the 30-60 min SPX charts look like they could move higher, but the daily is pretty neutral IMO. I think 1325 FP may get hit tomorrow if JPM earnings and outlook are good. Also, oil coming down IS consumer friendly.
Yes, it’s very difficult to trade. If the bear flag plays out on Oil tomorrow morning, then we could see that morning flush out to the downside. If not, then we could grind higher in the morning and then sell off into the close. Hard too predict which will happen?
I’m leveraged long via DRN. $RMZ (real estate index) i.e. Fed inflated junk has outperformed $SPX over the last two days, suggesting to me a wicked snap-back to the upside is in play very soon. $SPX could test 1305 on an early morning gap down, and then rocket up. Or we just just rocket up from here.
Very difficult to trade — it looks like a rounded top, but we should know better than that by now.
haven’t been able to post much sorry had tons going on! but here is a sweet time chart on crude Long up to 113 missed the last 55 cents lol and riding it down now.
enjoy take care xoxo Anna
http://content.screencast.com/users/Annamall2/folders/Jing/media/49c1b7f4-1236-4fb7-a348-db3220bd2172/00000338.png
Nice healthy pullback today. We should bounce higher tomorrow with JP Morgan blowing away earnings. Don’t fight the FED………
Patience is the key…. I always jump the gun too quick… I am waiting for it to bounce…. I mean…no need to chase it…it will come to us :)… with all these pomo money… you know they gonna jack this market up…..buy the DIPS lol short the rips..
Yeah if we see a mid-week bounce, that would be a great set-up…wait for it…wait for it..! Of course, they can take it down tomorrow and the next day and set everyone up for a short squeeze. These guys are just full of POMO-cocaine induced moves.
Yes, that’s possible Kevin, but I’m still thinking we will get another leg down. Maybe up tomorrow and Thursday to end opx, but I don’t think we are quite really to go higher toward the 138.86 FP just yet. This right shoulder looks to shallow too me.
Heavy POMO for the rest of the week. New schedule released just a short time ago. Think we’ll revisit that possible inverse head and shoulder neckline area???