Although that 1070 print will likely be hit at some point, the 106.20 spy print from yesterday should carry more weight. So, I would be more inclined to see it hit today, instead of the 1070 spx print.
If so, that would be about 1060 spx… which would again fall short of the target that everyone is looking for. And that's the name of the game… fool the most people.
They are still pushing it up… LOL. I guess we might hit that 106.20 spy by the close today after all.
Lots of sign of this rolling over tomorrow Jim.
1048 is really a tough break. Volume is dropping big time. not sure what will keep it going.
Thanks… I'm for closing below 1046, and selling this rally. Let's root for the bears! LOL
S&P 500 hourly chart
http://niftychartsandpatterns.blogspot.com/2010…
Although that 1070 print will likely be hit at some point, the 106.20 spy print from yesterday should carry more weight. So, I would be more inclined to see it hit today, instead of the 1070 spx print.
If so, that would be about 1060 spx… which would again fall short of the target that everyone is looking for. And that's the name of the game… fool the most people.
If we make it to 1070 today, there won't be a bear left alive. What a perfect time to dump the market the next day. Wouldn't that surprise everyone?
Here the 1070.50 print… from June 29th, 2010
http://reddragonleo.com/wp-content/uploads/2010…
Hi Red,
Would you mind posting a link to the 1070 print, if you have one. Missed it.
Thanks much!
Oh this is so unpleasant.