Astro has July 26 as bad day(Opening day for the grand cardinal climax). It's also 55 trading days from May 6, flash crash day. July 14 was 55 trading days from April 26 high. It was posted over at Jaywiz's that someone else noticed a similarity to the April top fractal. Today's action was a technical reaction for an indicator I can't really discuss. But if the rally continues tomorrow and there is a close above last week's highs then it won't be so pretty for the bears. Some are calling for a top on July 26 while others have indicated that Arch Crawford is calling for a rally into July 30 which contradicts some other things I have read and muddies things.
Dow and SP broke through the bottom of that ending diagonal that's been going on most of the day. Couldn't get above the highs of July 14,15. Yeah Yeah Yeah. Let's get some more selling into the close. We have a date with another flash crash Monday and can't get one until we get some selling ahead of it.
Agreed!
Traders Lounge @ HOB
we took 110/105 put spread!!
🙂 wheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Astro has July 26 as bad day(Opening day for the grand cardinal climax). It's also 55 trading days from May 6, flash crash day. July 14 was 55 trading days from April 26 high. It was posted over at Jaywiz's that someone else noticed a similarity to the April top fractal. Today's action was a technical reaction for an indicator I can't really discuss. But if the rally continues tomorrow and there is a close above last week's highs then it won't be so pretty for the bears.
Some are calling for a top on July 26 while others have indicated that Arch Crawford is calling for a rally into July 30 which contradicts some other things I have read and muddies things.
108.33
Red, just sent you an email.
Well, I guess we rally more tomorrow gang… The recession is over now.
Dow and SP broke through the bottom of that ending diagonal that's been going on most of the day. Couldn't get above the highs of July 14,15. Yeah Yeah Yeah. Let's get some more selling into the close. We have a date with another flash crash Monday and can't get one until we get some selling ahead of it.
I just wish I had capital left. I'm always medium-term investing… and never have FRN$ left for fast-movers. 🙁
MO 21.75 short sell price alert, just went off. Decisions, Decisions. I'll go for it.
Anna,
What are you showing as the low of today on the SPY? Both pre-market and regular hours please.