This is an initiation thrust lower. I expect the market to close on the low of the day possibly 4% down. Or what followed the SP120pt up days in September 2008. It's also a massive TD bear flip. None of the averages ever got a 9day upcount during the July rally. But I expect a 9day downcount now (9closes below the close 4 periods earlier).
YGM…
Dow Jones analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010…
http://www.zerohedge.com/article/stunning-decis…
Agreed. Looking for a retest of 1100 SPX. Might not be until next Ramp Monday!! Afterall, Friday the 13th looming!!
Here come the bounce??
LOL… I'm a bear, so I'm certainly not going to bet you on that call. I just pointed it out. Maybe it will be tomorrow's high?
I'll take that bet! : )
just does not seem to want to break to it. 1090 has been tough.
I think we are going up to the 109.95 Spy FP for the close today.
This is an initiation thrust lower. I expect the market to close on the low of the day possibly 4% down. Or what followed the SP120pt up days in September 2008. It's also a massive TD bear flip. None of the averages ever got a 9day upcount during the July rally. But I expect a 9day downcount now (9closes below the close 4 periods earlier).