He's pretty accurate at calling the levels the market will go to, but not always right on the timing. I think we are going up tomorrow as we came close enough to the FP of 107.35 to fulfill it. So, a bear squeeze into opx is likely now.
There were island top reversals yesterday so yesterday's gap doesn't need to be filled. Don't try to trade a gap fill (for you—Well Armed if you're reading although I think you indicated its a fool's game to play every bounce).
Look at the similarities in the charts of the past two days to May 4,5. Flash crash tomorrow?? Today's bars are hollow though and could indicate a reversal but I don't think so. Too much key support was broken. $vix also crossed over its 50day but pulled back below. Look for the markets to be off to the races to the downside the next time the $vix shoots above its 50day average. (hopefully tomorrow—$Vix breakout of its wedge also)
AAPL and XOM are moving up now, and the VIX is going down. I expect a breakout tomorrow… especially since we come close enough for our FP to be fulfilled.
He's pretty accurate at calling the levels the market will go to, but not always right on the timing. I think we are going up tomorrow as we came close enough to the FP of 107.35 to fulfill it. So, a bear squeeze into opx is likely now.
There were island top reversals yesterday so yesterday's gap doesn't need to be filled. Don't try to trade a gap fill (for you—Well Armed if you're reading although I think you indicated its a fool's game to play every bounce).
How is his track record?
YGM
Wow! It's off the charts…
Take a look at NFLX.
Look at the similarities in the charts of the past two days to May 4,5. Flash crash tomorrow?? Today's bars are hollow though and could indicate a reversal but I don't think so. Too much key support was broken. $vix also crossed over its 50day but pulled back below. Look for the markets to be off to the races to the downside the next time the $vix shoots above its 50day average. (hopefully tomorrow—$Vix breakout of its wedge also)
AAPL and XOM are moving up now, and the VIX is going down. I expect a breakout tomorrow… especially since we come close enough for our FP to be fulfilled.
Dow Jones futures in a tirangle
http://niftychartsandpatterns.blogspot.com/2010…
Mr. Topstep…
http://www.youtube.com/watch?v=9oq415iYZZU