Gap fill on this move down is 108.03 spy, and it looks like we will get it today. Just don't be fooled into shorting yet gang, as that 110.67 spy FP will be filled.
It might be later today, or tomorrow, but we are know how this game is played now.
The 15 and 60 minute charts are in negative territory on the histogram bars and probably won't start to roll back up until noon or later.
That means a run up into the close and possibly tomorrow morning too. After the 11am time period is gone, the PPT will push it up in the light volume period.
That also happens to correspond with the 78.6 fib retracement (110.62) from the last high to low. We popped above the 61.8% fib at 108.59, so I would expect SPY to make it to 110.62 give or take a few cents and sell-off. I dont like this price action. Seems as though we are just bouncing around and pulling back a little before heading to 110.62. I'm in some TZA, but keeping a tight stop.
LOL, yeah I agree with that 100%! Hell, if I had unlimited funds too, I'd never lose in the stock market as I'd could manipulate the price in whichever direction I needed it to go, so I could steal people money (errr… I mean profit from fair trading).
I watched it, and it's a different way to forecast then I do. I like seeing a different look, whereas you use P/E's and earnings to forecast… as I used Technical Analysis. Good job.
RUT Vix just hit 6%.
Selling is accelerating. Not sure what the fire is but its a slow burning this am
Gap fill on this move down is 108.03 spy, and it looks like we will get it today. Just don't be fooled into shorting yet gang, as that 110.67 spy FP will be filled.
It might be later today, or tomorrow, but we are know how this game is played now.
The 15 and 60 minute charts are in negative territory on the histogram bars and probably won't start to roll back up until noon or later.
That means a run up into the close and possibly tomorrow morning too. After the 11am time period is gone, the PPT will push it up in the light volume period.
Iam having a hard time reading this today. looks like a sell on news day which usually ends up reversing. But
the vixes are green so there is distribution, people selling, but not at a brisk pace at the moment. vixes below 6% positive.
something just come out?
That also happens to correspond with the 78.6 fib retracement (110.62) from the last high to low. We popped above the 61.8% fib at 108.59, so I would expect SPY to make it to 110.62 give or take a few cents and sell-off. I dont like this price action. Seems as though we are just bouncing around and pulling back a little before heading to 110.62. I'm in some TZA, but keeping a tight stop.
Here's that FP I talk about in the video from yesterday in the afterhours.
http://reddragonleo.com/wp-content/uploads/2010…
The FP is 110.67 spy, and I expect it to be hit today or tomorrow.
Well the second 1/2 of July is upon us.
LOL, yeah I agree with that 100%! Hell, if I had unlimited funds too, I'd never lose in the stock market as I'd could manipulate the price in whichever direction I needed it to go, so I could steal people money (errr… I mean profit from fair trading).
That cool Z…
I watched it, and it's a different way to forecast then I do. I like seeing a different look, whereas you use P/E's and earnings to forecast… as I used Technical Analysis. Good job.