It really looks to me like they will pop this higher into the close today. Squeeze out the last bear, and sucker in the last bull… just before bad claims numbers come out tomorrow.
Sounds good too me. Let's see it tank into opx this time, instead of the usual B.S. rally. If you have a link to that post, I'd like to read it. Post it if you do. Thanks.
Ahh… if it's a trendline or resistance, then it's close enough IMHO. I prefer resistance ranges anyway. 🙂 So, please! By all means, let's hit the 107.XX SPY now. 😀
I don't have any FP of 1131 spx. I only mention that level because it's where we would hit the up trendline resistance, and because it would be a double top from weeks ago.
There is nothing saying that we will get up that high. The top could already be in, and those waiting for 1131 would miss the boat.
The only FP I have now is for 107.12 spy from 2 weeks back. Anna caught it again last week, but it was only 107.35… so about that 107 area is our downside target. Upside target is unknown?
It really looks to me like they will pop this higher into the close today. Squeeze out the last bear, and sucker in the last bull… just before bad claims numbers come out tomorrow.
If the bear flag breaks down it may find support around 1116
It could possibly breakout to the upside, but the shorter time frame (10 minute) is putting in a bear flag right now.
S&P 500 rectangle pattern in 15 minutes chart
http://niftychartsandpatterns.blogspot.com/2010…
Sounds good too me. Let's see it tank into opx this time, instead of the usual B.S. rally. If you have a link to that post, I'd like to read it. Post it if you do. Thanks.
Ahh… if it's a trendline or resistance, then it's close enough IMHO. I prefer resistance ranges anyway. 🙂 So, please! By all means, let's hit the 107.XX SPY now. 😀
Saw a chart posted by CXO group for Aug indicating S/P averages from 1990-2009. Bearishness before options seems to be the play………..
I don't have any FP of 1131 spx. I only mention that level because it's where we would hit the up trendline resistance, and because it would be a double top from weeks ago.
There is nothing saying that we will get up that high. The top could already be in, and those waiting for 1131 would miss the boat.
The only FP I have now is for 107.12 spy from 2 weeks back. Anna caught it again last week, but it was only 107.35… so about that 107 area is our downside target. Upside target is unknown?
SPY hit 113.03. Does that count for the SPX 1131 FP?
Based on what data? “Past” what? I think we are going down, but opx week is usually bullish.