Do you have many upside FP’s besides the DIA 118? As a bear, I’m almost rooting for that to be filled so we can finally cross that off the list and start the fall to DOW 8100. In the mean time, the bulls are slapping me around a bit…
Well, looks like we finally fulfilled the 118.55 FP from Tuesday (and the bull flag going into the close yesterday). Now we have one to the downside to fulfill at 116.69 (or the 117.20 that showed up in the premarket this morning).
Don’t know if it’s going to be filled today or tomorrow, but I do expect it to be filled too. The market acts like it wants to go higher and take out the multiple tops around 1185, but it keeps stalling there?
Everyone is calling for 1200 now, and while we might get it… it’s seems too obvious too me. So we either should fall short of reaching it, or blasted on past it… but which one?
Maybe Jim? But we did have a 116.69 print show up yesterday, so we might go down to that level this morning first, and rally back up some into the close.
The claims numbers seem to have had NO effect on the market, so we wait for the Phil Fed report at 10 am to see the next move. The charts still say we go down… at least in the morning session. Don’t know about the afternoon yet?
If we go to 1200… we will go up higher past it. It should either fall short of 1200, or blow past it… never stop right at it.
Red,
Do you have many upside FP’s besides the DIA 118? As a bear, I’m almost rooting for that to be filled so we can finally cross that off the list and start the fall to DOW 8100. In the mean time, the bulls are slapping me around a bit…
S&P 500-BREAKOUT : CLICK HERE
Yep… throw the charts out the window as it’s 1999 all over again!
Boom times are here again ….
Yes I agree Jim… but isn’t it 400 market traders that the gangsters just hired?
i am now convinced the charts are worthless toys. TA does not work when there are 4 market traders and the fed is the biggest source of funds.
weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee will short this higher
Well, looks like we finally fulfilled the 118.55 FP from Tuesday (and the bull flag going into the close yesterday). Now we have one to the downside to fulfill at 116.69 (or the 117.20 that showed up in the premarket this morning).
Don’t know if it’s going to be filled today or tomorrow, but I do expect it to be filled too. The market acts like it wants to go higher and take out the multiple tops around 1185, but it keeps stalling there?
Everyone is calling for 1200 now, and while we might get it… it’s seems too obvious too me. So we either should fall short of reaching it, or blasted on past it… but which one?
Maybe Jim? But we did have a 116.69 print show up yesterday, so we might go down to that level this morning first, and rally back up some into the close.
The claims numbers seem to have had NO effect on the market, so we wait for the Phil Fed report at 10 am to see the next move. The charts still say we go down… at least in the morning session. Don’t know about the afternoon yet?