We never went to 112.41 that day, so that should be the ending point of this move up… whenever it hits? Probably early next week, by the looks of the way the market is going up now.
Just a technical rally Jim. The 15 minute chart reset from being oversold and popped into positive territory. That's why the sideway consolation after a big move up, is called a bull flag.
It fulfilled it's pattern, and now we look for a new pattern to develop.
Fairly obvious. They are manipulating the indices to make sure they close above the Weekly 50 SMA. For the S&P, thats 1097. Surprise, Surprise, we just popped a couple points above it. RSI on the weekly is just about to break 50 and Slow Stoch are also cracking 30. Weekly chart is about to shift to the bulls.
I added that blog in the Astrology section on my blog roll. Pretty interesting how those dates produced turns in the market very accurately.
For those that forgot, we had this FP back on June 23rd…
http://reddragonleo.com/wp-content/uploads/2010…
We never went to 112.41 that day, so that should be the ending point of this move up… whenever it hits? Probably early next week, by the looks of the way the market is going up now.
If that guy is right, then Monday is going too be ugly (for the bulls of course).
Red, I believe I recall you speaking of Financial Astrology before. I found this fairly interesting…
http://www.apartofny.com/
Yeah, it sure looks like we are going up to 112.41 spy… and in a big hurry!
looks like straight up is the pattern
Just a technical rally Jim. The 15 minute chart reset from being oversold and popped into positive territory. That's why the sideway consolation after a big move up, is called a bull flag.
It fulfilled it's pattern, and now we look for a new pattern to develop.
Fairly obvious. They are manipulating the indices to make sure they close above the Weekly 50 SMA. For the S&P, thats 1097. Surprise, Surprise, we just popped a couple points above it. RSI on the weekly is just about to break 50 and Slow Stoch are also cracking 30. Weekly chart is about to shift to the bulls.
Anyone have a clue what made that pop happen??
I'd say that move up just cleared out a ton of shorts… and made a lot of bulls happy too.