Also, I still haven’t fixed my primary computer so I haven’t checked my email in over a week. I will take the time to tear it down and put in a new power supply and possibly another ssd drive to replace one of 4 of them in a RAID 10 array that “could” be bad?… later this week. Then I’ll do a new post this coming weekend as well. Ali should have another update by then too.
One other thing… I’ll have a new stock pick coming out later this week as well. It’s forecast-ed to move up next week and should be a fun one to go in and out of for at least a week. Lot’s of traders will then be talking about it on the various stock boards that post hot stock picks.
Naturally I’ll have that info out to you guys first as I have a way to sniff out these things before they make their move up. Several of you made donations and I appreciate that greatly. I will email you guys personally before I alert everyone else as a way of saying thanks. However, everyone else will still get the alert before you hear about it everywhere else.
Morning update: Since we failed to put in a lower low on Friday and have went up again yesterday on the futures, I know think we are going to gap window around 1652 spx or gap fill at 1658 area. But, I’m leaning toward gap window as I think gap fill will put us over the falling trendline of resistance.
That trendline starts just under the prior 1700 area high from mid-August connecting to the 1669 high the last week of August. It’s also the top trendline of a falling channel whereas the 1639 low connected to the 1627 low make the lower trendline.
Projecting forward to where the top trendline is today put it just about at the gap window area at 1652 spx. So unless the opening print gaps over that level clearly (a small gap is acceptable as it could easily fall back into the channel) I’m expecting the market rollover and head lower today and into Wednesday.
The “when” part is tough as if they do gap over the trendline they could chop it up most of the morning to fill the gap around 1658 and then rollover later today. It should be light volume today as traders are still on vacation, so that means they could walk it up there easier with no one around to sell.
I would not get bullish until 1669 is taken out and I don’t foresee that happening today. Therefore I think the gap window to gap fill area is the best place to short into Wednesday to look for a break of the prior low of 1627 at some point this week. The rally just isn’t ready to start yet in my opinion. Maybe next week?
The moon should be moving into a conjunction with Jupiter and Sirius at approximately 10 am east coast time on Saturday. A definite Jupiter moon conjunction and a theoretical one with Sirius although Sirius might have moved a degree from its classic location since 1776 when its alignment with the sun was aligned with the new nation’s founding.
The first part of Fahrenheit 451 could take place on 831 and obviously won’t be stock market related. 831is seen as 381 and 318 in the movie Fahrenheit 451, a variation of 93, and Julie Christie does ask MONtag why do they use the number 451 as opposed to 813 or 125.
Montag is German and means Monday. This does correlate with the Rammstein video Mein Land when scantily clad women can be seen running around with German flags as the Rammstein version of Fahrenheit 451 is taking place but I don’t really see anything happening this Monday although it would be an ideal time for the operators to create a stock market dislocation while the US markets are closed.
S&P 500 Analysis after closing bell: http://niftychartsandpatterns.blogspot.in/2013/09/s-500-analysis-after-closing-bell.html
Crude oil support and resistance levels: http://niftychartsandpatterns.blogspot.in/2013/09/crude-oil-support-and-resistance-levels.html
Also, I still haven’t fixed my primary computer so I haven’t checked my email in over a week. I will take the time to tear it down and put in a new power supply and possibly another ssd drive to replace one of 4 of them in a RAID 10 array that “could” be bad?… later this week. Then I’ll do a new post this coming weekend as well. Ali should have another update by then too.
One other thing… I’ll have a new stock pick coming out later this week as well. It’s forecast-ed to move up next week and should be a fun one to go in and out of for at least a week. Lot’s of traders will then be talking about it on the various stock boards that post hot stock picks.
Naturally I’ll have that info out to you guys first as I have a way to sniff out these things before they make their move up. Several of you made donations and I appreciate that greatly. I will email you guys personally before I alert everyone else as a way of saying thanks. However, everyone else will still get the alert before you hear about it everywhere else.
Morning update: Since we failed to put in a lower low on Friday and have went up again yesterday on the futures, I know think we are going to gap window around 1652 spx or gap fill at 1658 area. But, I’m leaning toward gap window as I think gap fill will put us over the falling trendline of resistance.
That trendline starts just under the prior 1700 area high from mid-August connecting to the 1669 high the last week of August. It’s also the top trendline of a falling channel whereas the 1639 low connected to the 1627 low make the lower trendline.
Projecting forward to where the top trendline is today put it just about at the gap window area at 1652 spx. So unless the opening print gaps over that level clearly (a small gap is acceptable as it could easily fall back into the channel) I’m expecting the market rollover and head lower today and into Wednesday.
The “when” part is tough as if they do gap over the trendline they could chop it up most of the morning to fill the gap around 1658 and then rollover later today. It should be light volume today as traders are still on vacation, so that means they could walk it up there easier with no one around to sell.
I would not get bullish until 1669 is taken out and I don’t foresee that happening today. Therefore I think the gap window to gap fill area is the best place to short into Wednesday to look for a break of the prior low of 1627 at some point this week. The rally just isn’t ready to start yet in my opinion. Maybe next week?
EURUSD Trend Update: http://niftychartsandpatterns.blogspot.in/2013/09/eurusd-trend-update.html
CISCO Weekend update: http://niftychartsandpatterns.blogspot.in/2013/09/cisco-weekend-update.html
Bank of America Weekend update: http://niftychartsandpatterns.blogspot.in/2013/09/bank-of-america-weekend-update.html
SLV Weekend update: http://niftychartsandpatterns.blogspot.in/2013/08/slv-weekend-update_31.html
The moon should be moving into a conjunction with Jupiter and Sirius at approximately 10 am east coast time on Saturday. A definite Jupiter moon conjunction and a theoretical one with Sirius although Sirius might have moved a degree from its classic location since 1776 when its alignment with the sun was aligned with the new nation’s founding.
The first part of Fahrenheit 451 could take place on 831 and obviously won’t be stock market related. 831is seen as 381 and 318 in the movie Fahrenheit 451, a variation of 93, and Julie Christie does ask MONtag why do they use the number 451 as opposed to 813 or 125.
Montag is German and means Monday. This does correlate with the Rammstein video Mein Land when scantily clad women can be seen running around with German flags as the Rammstein version of Fahrenheit 451 is taking place but I don’t really see anything happening this Monday although it would be an ideal time for the operators to create a stock market dislocation while the US markets are closed.
S&P 500 Weekend update: http://niftychartsandpatterns.blogspot.in/2013/08/s-500-weekend-update_31.html