I tell you what Z… it's not looking very bull friendly right now. Where are the dip buyers? We should be going up to at least 1100 or so… and today is Bullish Mutual Fund Monday. So what gives? Are we going to have a Hindenburg Omen later this week?
The charts are out of whack right now. They should have rolled the 60 over this morning and got it to roll back up tomorrow. But they still have the histogram bars in positive territory. That's not going to allow for a big push up right now. The internals of the charts are fighting each other… not good for the bull side.
The market seem to be stuck in limb right now… not wanting to go up, or down. Very bearish…
I tell you what Z… it's not looking very bull friendly right now. Where are the dip buyers? We should be going up to at least 1100 or so… and today is Bullish Mutual Fund Monday. So what gives? Are we going to have a Hindenburg Omen later this week?
Here's my plan, short IWM, and go long ESI.
Option Monster…
http://www.youtube.com/watch?v=KGOESQYV1GI
Mr. TopStep…
http://www.youtube.com/watch?v=SNG1ZGlF3SM
The charts are out of whack right now. They should have rolled the 60 over this morning and got it to roll back up tomorrow. But they still have the histogram bars in positive territory. That's not going to allow for a big push up right now. The internals of the charts are fighting each other… not good for the bull side.
Stick a fork in it. Based on price action in tech, financials, and crude. Looking for a doji close around 1075. Tomorrow could be the gap down.
Just for today. Possibly tomorrow………..
I take it you are long now Robert.
Now were cooking….lets squeeze some shorts…………