No video tonight. Everything I said in the most recent video still holds true. We got our little bit of selling in the morning, and rallied the rest of the day as I expected.
I still think we will pop higher in the morning, allowing a new high to be put in, and for all the short term charts (and the daily) to get overbought. They should roll over at some point tomorrow (probably within the first few hours of the day), and we should close negative. Then Thursday should be a nice down day for the bears.
Looking for a nice gap up in the AM. 15-30-60 min SPX charts are telling me so. 1319.74 won’t hold the bulls back. Sans any crazy negative news, up we go. GL all.
good call today Red! way to go. I’m still short but think that it just might be unwise. with the dow and rut closing higher than the previous high peak close, making me nervous here. uup and vix above support lines though, so those may get bullish, hopefully.
Yeah I hope not. Mini-head & shoulders for EUR/USD. Reverse repos have gone from $200 mil to $800 mil to $2 bil. They need to get rid of the MBS & a bunch of other crap.
I bet not one of the permabulls will be saying, “Don’t fight the Fed” when the Fed starts sopping up liquidity to try to prevent an all-out run on the dollar.
No video tonight. Everything I said in the most recent video still holds true. We got our little bit of selling in the morning, and rallied the rest of the day as I expected.
I still think we will pop higher in the morning, allowing a new high to be put in, and for all the short term charts (and the daily) to get overbought. They should roll over at some point tomorrow (probably within the first few hours of the day), and we should close negative. Then Thursday should be a nice down day for the bears.
So far, it’s going a planned…
Red
SPX Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/03/s-500-analysis-after-closing-bell_30.html
I’ve asked red to do that but he refuses
Still short….If we close above March highs then will cover….g.l.
Looking for a nice gap up in the AM. 15-30-60 min SPX charts are telling me so. 1319.74 won’t hold the bulls back. Sans any crazy negative news, up we go. GL all.
good call today Red! way to go. I’m still short but think that it just might be unwise. with the dow and rut closing higher than the previous high peak close, making me nervous here. uup and vix above support lines though, so those may get bullish, hopefully.
Yeah I hope not. Mini-head & shoulders for EUR/USD. Reverse repos have gone from $200 mil to $800 mil to $2 bil. They need to get rid of the MBS & a bunch of other crap.
I bet not one of the permabulls will be saying, “Don’t fight the Fed” when the Fed starts sopping up liquidity to try to prevent an all-out run on the dollar.
you guys mean The end is near for the bears lol
red,
i just responded back to your inquiry……
Yes, the end is near… but timing the exact date is tough. But, I still think we pop and drop tomorrow.