Seeing the hour charts they are all moving in a sideways fashion and giving whipsaws to both sides. So it may be a good idea to wait for a clear breakout
On thing the bears got going for them is the fact that the news data out recently has been positive. The market tends to rally on bad news, and top out and sell on good news. So, a top should be near, as some of the reports over the last few days have be positive.
I guess today will boil down to how much money they got for this new quarter? It’s coming to the end of the apex, and break up or down must happen today.
Are we going to rally to 1160-1170, or sell off 50-100 points? We should know by the end of the day.
The ascending triangle in S&P 500 should give an upside breakout
That I can see… I just wondered which way you think they are going to break?
Seeing the hour charts they are all moving in a sideways fashion and giving whipsaws to both sides. So it may be a good idea to wait for a clear breakout
What’s your overall thoughts on the market today San? (The SPY and Dow).
APPLE Hour chart analysis
What am I missing here? VIX is going down, GS is going up, and the market is going down?
On thing the bears got going for them is the fact that the news data out recently has been positive. The market tends to rally on bad news, and top out and sell on good news. So, a top should be near, as some of the reports over the last few days have be positive.
I agree. If it breaks out to the upside a second time… it’s for real. The bears can go back into hibernation for awhile.
If its going to be another breakout above 1150 we are going to 1160-1170. Another false breakout towards the same side may not happen.
I guess today will boil down to how much money they got for this new quarter? It’s coming to the end of the apex, and break up or down must happen today.
Are we going to rally to 1160-1170, or sell off 50-100 points? We should know by the end of the day.