It's getting ugly San. I think we are going down hard next week. While I still think we will go up to 111.17 spy first, the turn dates of August 26th-27th could start a wave 3 of 3 of 3 down… very bad for the bulls.
That would be nice, as I called it wrong today. I really thought we would go up to 111.17 first, and then sell off. But, the data was just too bad I guess?
I seen that… I don't know if that's just a late fill or a real FP? You know they are going to pin the SPY at a level that benefits them the most… but what is that level? Could be the 110 level… you never know.
Yes, it could get ugly from here Robert. I'm not sure yet what they have planned. Most days after a big sell off are flat… just “pause” day, but if it sells off hard again tomorrow then I'd say wave 3 has started.
Dow Jones Futures in a Falling wedge
http://niftychartsandpatterns.blogspot.com/2010…
You are right Leo. If price starts spending time below 50 DMA. 10000 in dow will be tested again.
It's getting ugly San. I think we are going down hard next week. While I still think we will go up to 111.17 spy first, the turn dates of August 26th-27th could start a wave 3 of 3 of 3 down… very bad for the bulls.
Dow Jones analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010…
New post is up gang…
That would be nice, as I called it wrong today. I really thought we would go up to 111.17 first, and then sell off. But, the data was just too bad I guess?
I hope it gets back up so I can re-enter
I seen that… I don't know if that's just a late fill or a real FP? You know they are going to pin the SPY at a level that benefits them the most… but what is that level? Could be the 110 level… you never know.
SPY after hours – highs hit 109.78 for what it's worth
16:40 $ 109.7897 500,212
16:40 $ 109.7897 1,000,420
16:40 $ 107.66 1,400
16:40 $ 109.7897 1,300,542
Yes, it could get ugly from here Robert. I'm not sure yet what they have planned. Most days after a big sell off are flat… just “pause” day, but if it sells off hard again tomorrow then I'd say wave 3 has started.