I’ve been having trouble with my hosting company gang, which is why the site has been down for awhile. Anyway, I’m expecting a big move in one direction or the other after the FOMC meeting Wednesday. Don’t know which way though as while the charts are bearish still there’s also some charts that look bullish.
So it’s mixed right now and will really just be determined by what Janet Yellen says about the future and not so much the expect $10 Billion they plan to remove from the current QE program. That’s already factored in the market right now I think and that news alone shouldn’t have too much of an effect. But what she says about the future after the entire QE program ends is what WallStreet is waiting to hear.
Since we are so close to a double top I highly suspect they will go up and hit it… and if SkyNet see’s a bunch of stops just overhead you know it’s going to go through the double top (even if it’s just for a quick intraday move) and hit those shorts.
The question then remains will the market roll back down and start another wave of selling or will something Yellen says spark a powerful rally to all time new highs? I just don’t know? Charts are mostly bearish and mildly bullish, but that doesn’t matter if the Fed wants to rally. So I’m neutral for now.
I’m not expecting too much action until the FOMC meeting this Tuesday/Wednesday. If we float up into the meeting then we should continue down after the meeting. The only wildcard is if they decide to “not cut another $10 Billion” out of the current QE program, which is possible I guess, but I don’t think it’s likely this time around.
With the market up still at high levels and no real bad news on the political or economic front there doesn’t seem to be any reason to “not cut” again. Now if something happened out of Russia then yeah… they might not make the $10 Billion cut and possibly reduce it to $5 Billion or even zero.
But the way it looks right now I still fully expect them to make another round of withdraws from the ongoing QE program. That should produce another wave down with the 1800 area being my target zone.
Of course if we drop into that area prior to the FOMC meeting then I’d expect a rally from the charts being oversold. What they would say to get the rally going is not known of course but it could be something as simple as just “hinting” that they “may” stop the withdraw in the future if things don’t turn around. You all know the game by now…
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Are you a business man or an artist,Politicians and you want to become big, Powerful and famous in the world, join us to become one of our official member today.you shall be given an ideal chance to visit the illuminati and his representative after registrations is completed by you, no sacrifice or human life needed, Illuminati brotherhood brings along wealth and famous in life, you have a full access to eradicate poverty away from your life now. it only a member who is been initiated into the church of illuminati have the authority to bring any member to the church, so before you contact any body you must be link by who is already a member, Join us today and realize your dreams. we also help out our member in protection of drugs pushing email: churchofdevililluminati@gmail.com or you contact our phone number +2347056024545….
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Easy way to join the Illuminati brotherhood in the world.
Are you a business man or an artist,Politicians and you want to become big, Powerful and famous in the world, join us to become one of our official member today.you shall be given an ideal chance to visit the illuminati and his representative after registrations is completed by you, no sacrifice or human life needed, Illuminati brotherhood brings along wealth and famous in life, you have a full access to eradicate poverty away from your life now. it only a member who is been initiated into the church of illuminati have the authority to bring any member to the church, so before you contact any body you must be link by who is already a member, Join us today and realize your dreams. we also help out our member in protection of drugs pushing email: churchofdevililluminati@gmail.com or you contact our phone number +2347056024545..
Once you become a member you will be rich and famous for the rest of your life, illuminati make there member happy so i will want you all to also be a member of the illuminati if you are interested contact email on churchofdevililluminati@gmail.com or you contact our phone number +2347056024545….
Easy way to join the Illuminati brotherhood in the world.
Are you a business man or an artist,Politicians and you want to become big, Powerful and famous in the world, join us to become one of our official member today.you shall be given an ideal chance to visit the illuminati and his representative after registrations is completed by you, no sacrifice or human life needed, Illuminati brotherhood brings along wealth and famous in life, you have a full access to eradicate poverty away from your life now. it only a member who is been initiated into the church of illuminati have the authority to bring any member to the church, so before you contact any body you must be link by who is already a member, Join us today and realize your dreams. we also help out our member in protection of drugs pushing email: churchofdevililluminati@gmail.com or you contact our phone number +2347056024545
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ES Chart analysis: http://niftychartsandpatterns.blogspot.in/2014/05/es-chart-analysis.html
Bank of America chart analysis: http://niftychartsandpatterns.blogspot.in/2014/04/bank-of-america-analysis-before-opening.html
I’ve been having trouble with my hosting company gang, which is why the site has been down for awhile. Anyway, I’m expecting a big move in one direction or the other after the FOMC meeting Wednesday. Don’t know which way though as while the charts are bearish still there’s also some charts that look bullish.
So it’s mixed right now and will really just be determined by what Janet Yellen says about the future and not so much the expect $10 Billion they plan to remove from the current QE program. That’s already factored in the market right now I think and that news alone shouldn’t have too much of an effect. But what she says about the future after the entire QE program ends is what WallStreet is waiting to hear.
Since we are so close to a double top I highly suspect they will go up and hit it… and if SkyNet see’s a bunch of stops just overhead you know it’s going to go through the double top (even if it’s just for a quick intraday move) and hit those shorts.
The question then remains will the market roll back down and start another wave of selling or will something Yellen says spark a powerful rally to all time new highs? I just don’t know? Charts are mostly bearish and mildly bullish, but that doesn’t matter if the Fed wants to rally. So I’m neutral for now.
CRUDE Oil chart analysis: http://niftychartsandpatterns.blogspot.in/2014/04/crude-oil-chart-analysis_29.html
I’m not expecting too much action until the FOMC meeting this Tuesday/Wednesday. If we float up into the meeting then we should continue down after the meeting. The only wildcard is if they decide to “not cut another $10 Billion” out of the current QE program, which is possible I guess, but I don’t think it’s likely this time around.
With the market up still at high levels and no real bad news on the political or economic front there doesn’t seem to be any reason to “not cut” again. Now if something happened out of Russia then yeah… they might not make the $10 Billion cut and possibly reduce it to $5 Billion or even zero.
But the way it looks right now I still fully expect them to make another round of withdraws from the ongoing QE program. That should produce another wave down with the 1800 area being my target zone.
Of course if we drop into that area prior to the FOMC meeting then I’d expect a rally from the charts being oversold. What they would say to get the rally going is not known of course but it could be something as simple as just “hinting” that they “may” stop the withdraw in the future if things don’t turn around. You all know the game by now…
Easy way to join the Illuminati brotherhood in the world.
Are you a business man or an artist,Politicians and you want to become big, Powerful and famous in the world, join us to become one of our official member today.you shall be given an ideal chance to visit the illuminati and his representative after registrations is completed by you, no sacrifice or human life needed, Illuminati brotherhood brings along wealth and famous in life, you have a full access to eradicate poverty away from your life now. it only a member who is been initiated into the church of illuminati have the authority to bring any member to the church, so before you contact any body you must be link by who is already a member, Join us today and realize your dreams. we also help out our member in protection of drugs pushing email: churchofdevililluminati@gmail.com or you contact our phone number +2347056024545,..
Once you become a member you will be rich and famous for the rest of your life, illuminati make there member happy so i will want you all to also be a member of the illuminati if you are interested contact email on churchofdevililluminati@gmail.com or you contact our phone number +2347056024545,..
Easy way to join the Illuminati brotherhood in the world.
Are you a business man or an artist,Politicians and you want to become big, Powerful and famous in the world, join us to become one of our official member today.you shall be given an ideal chance to visit the illuminati and his representative after registrations is completed by you, no sacrifice or human life needed, Illuminati brotherhood brings along wealth and famous in life, you have a full access to eradicate poverty away from your life now. it only a member who is been initiated into the church of illuminati have the authority to bring any member to the church, so before you contact any body you must be link by who is already a member, Join us today and realize your dreams. we also help out our member in protection of drugs pushing email: churchofdevililluminati@gmail.com or you contact our phone number +2347056024545
Once you become a member you will be rich and famous for the rest of your life, illuminati make there member happy so i will want you all to also be a member of the illuminati if you are interested contact email on churchofdevililluminati@gmail.com or you contact our phone number +2347056024545,…
Easy way to join the Illuminati brotherhood in the world.
Are you a business man or an artist,Politicians and you want to become big, Powerful and famous in the world, join us to become one of our official member today.you shall be given an ideal chance to visit the illuminati and his representative after registrations is completed by you, no sacrifice or human life needed, Illuminati brotherhood brings along wealth and famous in life, you have a full access to eradicate poverty away from your life now. it only a member who is been initiated into the church of illuminati have the authority to bring any member to the church, so before you contact any body you must be link by who is already a member, Join us today and realize your dreams. we also help out our member in protection of drugs pushing email: churchofdevililluminati@gmail.com or you contact our phone number +2347056024545….
Once you become a member you will be rich and famous for the rest of your life, illuminati make there member happy so i will want you all to also be a member of the illuminati if you are interested contact email on churchofdevililluminati@gmail.com or you contact our phone number +2347056024545…..
Easy way to join the Illuminati brotherhood in the world.
Are you a business man or an artist,Politicians and you want to become big, Powerful and famous in the world, join us to become one of our official member today.you shall be given an ideal chance to visit the illuminati and his representative after registrations is completed by you, no sacrifice or human life needed, Illuminati brotherhood brings along wealth and famous in life, you have a full access to eradicate poverty away from your life now. it only a member who is been initiated into the church of illuminati have the authority to bring any member to the church, so before you contact any body you must be link by who is already a member, Join us today and realize your dreams. we also help out our member in protection of drugs pushing email: churchofdevililluminati@gmail.com or you contact our phone number +2347056024545..
Once you become a member you will be rich and famous for the rest of your life, illuminati make there member happy so i will want you all to also be a member of the illuminati if you are interested contact email on churchofdevililluminati@gmail.com or you contact our phone number +2347056024545….
Easy way to join the Illuminati brotherhood in the world.
Are you a business man or an artist,Politicians and you want to become big, Powerful and famous in the world, join us to become one of our official member today.you shall be given an ideal chance to visit the illuminati and his representative after registrations is completed by you, no sacrifice or human life needed, Illuminati brotherhood brings along wealth and famous in life, you have a full access to eradicate poverty away from your life now. it only a member who is been initiated into the church of illuminati have the authority to bring any member to the church, so before you contact any body you must be link by who is already a member, Join us today and realize your dreams. we also help out our member in protection of drugs pushing email: churchofdevililluminati@gmail.com or you contact our phone number +2347056024545
Once you become a member you will be rich and famous for the rest of your life, illuminati make there member happy so i will want you all to also be a member of the illuminati if you are interested contact email on churchofdevililluminati@gmail.com or you contact our phone number +2347056024545….