I see it as bearish too, but in the end… if the crooks don't sell, then it could trade sideways until opx is over with. If the crooks got themselves positioned short today (with the reverse split on many 3x etf's), then they could start dumping as early as tomorrow?
While I don't think they will sell off tomorrow, as it's Friday (which usually has light volume, and rarely sells off hard), they could surprise us all with another false flag event, catching everyone long, and no shorts in the market but them.
Red, next week will be major earnings drive and only way I could see 112.41 happening is AA, GOOG, BAC and JPM to beat the earnings estimates provide a nice forward guidance, which I highly doubt – many analysts have already slashed their earning estimates and I feel that is a good indication these companies will deliver low estimates. Also, past few quarters earnings for these companies were not that stellar…. even if they deliver I see sell the news more than a run.. with DOW, COMP, SPX posting a good 6% profit this week.
I see good resistances at 1071, 1074 if we cross them with some big good news 1101 but as red indicated I don't think before testing lows at 1010 we will not go to 1101 or his fake print 112.6.
For this to be real (for the bullish breakout I mean), the bull flags need to push this up to the 1085 area tomorrow. If not, then the market could fall back down quickly.
Completely un warranted rally. Pretty sure it's being manipulated to make it seem like a bullish day, when it was anything but. I guess the close is what counts though.
I'd rather be profiting from them, instead of being short and riding out the up moves. 🙁
I see it as bearish too, but in the end… if the crooks don't sell, then it could trade sideways until opx is over with. If the crooks got themselves positioned short today (with the reverse split on many 3x etf's), then they could start dumping as early as tomorrow?
While I don't think they will sell off tomorrow, as it's Friday (which usually has light volume, and rarely sells off hard), they could surprise us all with another false flag event, catching everyone long, and no shorts in the market but them.
Well Red, you were absolutely right about today. Good call!
Red, next week will be major earnings drive and only way I could see 112.41 happening is AA, GOOG, BAC and JPM to beat the earnings estimates provide a nice forward guidance, which I highly doubt – many analysts have already slashed their earning estimates and I feel that is a good indication these companies will deliver low estimates. Also, past few quarters earnings for these companies were not that stellar…. even if they deliver I see sell the news more than a run.. with DOW, COMP, SPX posting a good 6% profit this week.
If we go higher next week, instead of lower, then the 112.41 print will like be hit on Friday.
I see good resistances at 1071, 1074 if we cross them with some big good news 1101 but as red indicated I don't think before testing lows at 1010 we will not go to 1101 or his fake print 112.6.
For this to be real (for the bullish breakout I mean), the bull flags need to push this up to the 1085 area tomorrow. If not, then the market could fall back down quickly.
STP ( solar) rounded bottom break out–bullish.
The next barrier is the June 28 low of 1,071, followed by the 20-day moving average at 1,074, and then the 50-day moving average at 1,101.
Completely un warranted rally. Pretty sure it's being manipulated to make it seem like a bullish day, when it was anything but. I guess the close is what counts though.