Red

It very well could be, as it doesn’t look like it wants to breakout of this wedge right now. It might just close right about here?

cool – i am short from EOD highs from yesterday….. so lets see if monday is ‘bloody’ monday or just chop monday…..

At this point, I’d say it’s filled. It fell short of hitting it, so it could have only been a “directional” print, not an exact level.

I think we could get to about 128.80 spy by the EOD, which should complete wave 2 up, leaving a nice wave 3 of 3 for Monday.

do you think we make it to the FP?? or is it filled with the 129.17 high???

From looking quickly at the charts, we could have a wave 3 down on Monday. While we could still have a pop higher into the close, I believe it will complete a wave 2 up, and a wave 3 of 3 should be next.

So, if you’re already short, Monday is looking good for the bears. If not, then today might be your last shot at catching it. I’d wait until the close though, as it looks like it wants to go a little higher still.

Yeah, but the MACD’s are still neutral, up from oversold territory. They could go up a little more I believe. Plus, we now have light volume as most traders are leaving for the weekend. We might just close right around this area, or pop higher at the last hour of the day.

sorry – 30 min chart on spx

Red,
my vote is some down from here…..look at that 30 spx chart…. that macD is turning down again……….

From the TSA

Year to date statistics on Airport screening from the Department of Homeland Security

Terrorist Plots Discovered 0
Transvestites 133
Hernia’s 1,485
Hemorrhoid Cases 3,172
Enlarged Prostates 8,249
Breast Implants 59,350
Natural Blonds 3

anybody got a good joke to TELL – this market is putting me to sleep today!