Based on the where I expect the short term charts to end today, I’d say that tomorrow will be an UP day, as the 5, 15, and 60 minute charts will all be oversold by the EOD.
Here’s more reasons for an UP day tomorrow:
1. The rising trendline of support hasn’t broken.
2. The volume is still low today.
3. It’s opx day, which means they will likely pin the spy higher to avoid paying out on all the puts.
4. It’s another POMO day.
5. The gangsters are crooked and evil and just like to frac everyone!
Need I say more?
The only way I see for tomorrow to sell off is if we break the support trendline with good selling volume. That’s about 1160 spx right now. Some how I just don’t think it’s going to do that today.
Education always takes a hit, as the it’s the first thing the politicians cut the budget on when they get elected.
Education stocks taking a hit..I’d avoid for a couple of days…STRA at 138 or so…It could go down another 10%
http://www.youtube.com/watch?v=vscG3k91s58
http://www.youtube.com/watch?v=vscG3k91s58
At this rate of 1,000 Dow points a month, we’ll be back at all-time highs in the Dow by Jan 1!
Yep…
Ready for the 2 pm pump? Probably +40 on the Dow EOD, then a continuation for another 200 point Friday.
Well,
Based on the where I expect the short term charts to end today, I’d say that tomorrow will be an UP day, as the 5, 15, and 60 minute charts will all be oversold by the EOD.
Here’s more reasons for an UP day tomorrow:
1. The rising trendline of support hasn’t broken.
2. The volume is still low today.
3. It’s opx day, which means they will likely pin the spy higher to avoid paying out on all the puts.
4. It’s another POMO day.
5. The gangsters are crooked and evil and just like to frac everyone!
Need I say more?
The only way I see for tomorrow to sell off is if we break the support trendline with good selling volume. That’s about 1160 spx right now. Some how I just don’t think it’s going to do that today.
Dow Jones Support and resistance levels : CLICK HERE
You lost me on that question…