I’d say it’s pretty much guaranteed that we are going up to the 114.18 spy FP that Diablo’s got this morning. It’s not looking likely today, but it could happen on “Bullish Monday” next week.
Tim called the head fake perfectly, as the ES broke out and above the 1122.90 (up to 1135.90… but it stopped short at 1133.75) level he was talking about, but the cash (spx) went to 1131.47 and quickly reversed (Tim called for 1131.23, so it peaked above that level briefly but couldn’t hold).
What all this means is beyond me? But, if Diablos seen a 114.18 SPY FP this morning, then that could be the final high? It would probably match up with the levels Tim is talking about too.
While we could have another shake out bear squeeze Monday, the odds favor today putting in the final high. The Legatus Pilgrimage is over on the 20th, the Fed speaks on the 21st, and the new Wallstreet movie is on the 24th… which all spells crash too me!
Taking a short position today would probably be a wise thing too do… even if we rallied a little higher on Monday. Because waiting and hoping for one more high on Monday could cause a missed opportunity… should Monday gap down instead.
Since we have that FP on JPM, I’d say that buy some puts on it today would also be a wise move. Yesterday was a better day to get short on it, as it’s already started to sell off today. But, if it goes down to 31 within the next few weeks, then getting short today will still make one a lot of money.
I’d say it’s pretty much guaranteed that we are going up to the 114.18 spy FP that Diablo’s got this morning. It’s not looking likely today, but it could happen on “Bullish Monday” next week.
S&P 500 Inverse head and shoulders
I thought you would…
The posts are pleasure to read, they are substantial,well researched and original.
Enjoy!
Thanks for the link. I think I’ll add that site to my “Red Pill Sites” blogroll.
Hi Red,
I hope you don’t mind a little distraction from market watching.
‘Gecko’ would love this:
Look at this site’s front page ( http://vigilantcitizen.com/) advertising banner in the middle. Tip: “Linkin park”
Check what the site is all about and compare what kind of advertisement G00gle deems matching for this kind of context.
The banner choice was made by G00gle (its adsense-display network) algorithmically and not by the site’s owners/webmasters.
Huh?
Yesterday’s Mr. TopStep video…
http://www.youtube.com/watch?v=lO4SB-YTHCU&feature=player_embedded
Tim called the head fake perfectly, as the ES broke out and above the 1122.90 (up to 1135.90… but it stopped short at 1133.75) level he was talking about, but the cash (spx) went to 1131.47 and quickly reversed (Tim called for 1131.23, so it peaked above that level briefly but couldn’t hold).
What all this means is beyond me? But, if Diablos seen a 114.18 SPY FP this morning, then that could be the final high? It would probably match up with the levels Tim is talking about too.
While we could have another shake out bear squeeze Monday, the odds favor today putting in the final high. The Legatus Pilgrimage is over on the 20th, the Fed speaks on the 21st, and the new Wallstreet movie is on the 24th… which all spells crash too me!
Taking a short position today would probably be a wise thing too do… even if we rallied a little higher on Monday. Because waiting and hoping for one more high on Monday could cause a missed opportunity… should Monday gap down instead.
Since we have that FP on JPM, I’d say that buy some puts on it today would also be a wise move. Yesterday was a better day to get short on it, as it’s already started to sell off today. But, if it goes down to 31 within the next few weeks, then getting short today will still make one a lot of money.
Taking a small profit is always better then a large loss…
Took my profits. Might regret.
S&P 500 Broadening pattern
It could go up there Diablos, as you know how accurate those FP’s are…