Let’s hope for some blow out numbers tomorrow with the Non-Farm Payroll report! The bulls will get excited and gap it up, and then realize what it really means (the are a little slow you know… LOL).
Yes, this sucks! The odds of the market tanking tomorrow are extremely low now. I’m glad I stayed in cash. I knew that 1320 level was the key. If the market had opened flat and steadily rose all day, it would have hit that level and been rejected. (I would have went short then).
But, they gaped over it and then it’s off to the races. This pattern still looks similar to the late May, early April time period. We could get a quick pop higher tomorrow on good NFP numbers and then sell off hard the rest of the day as reality sits in with the traders that a good number means “no more QE money”, and a possible interest rate rise… all bad for the market.
Are you long GG? You traitor!
99 cents more than my SPY 133.33
Hmm, I could almost eat anywhere for that kind of profit!
🙂
The volume is “Ok”, not too low or high… about a 130 million on the spy right now.
What is the volume like today?
If this is an ABC move up, and A=C, then the upside target is 134.32 spy.
Let’s hope for some blow out numbers tomorrow with the Non-Farm Payroll report! The bulls will get excited and gap it up, and then realize what it really means (the are a little slow you know… LOL).
holy highly controlled market day red!!
suddenly its as though all the headline risk problems of the world has evaporated and all is good in the world of make believe and candy canes!
i think the fed turned the optimism numbers around
Yes, this sucks! The odds of the market tanking tomorrow are extremely low now. I’m glad I stayed in cash. I knew that 1320 level was the key. If the market had opened flat and steadily rose all day, it would have hit that level and been rejected. (I would have went short then).
But, they gaped over it and then it’s off to the races. This pattern still looks similar to the late May, early April time period. We could get a quick pop higher tomorrow on good NFP numbers and then sell off hard the rest of the day as reality sits in with the traders that a good number means “no more QE money”, and a possible interest rate rise… all bad for the market.
What happened to stairs up -elevator down? This sucks.
Bulls are having Bear meat for lunch and dinner 🙂