The jobless rate fell to 9.5%, from 9.7%… but they lost 125,000 jobs in June. So, it's bad as expected, but the pre-market isn't tanking right now.
That means the rally for today is probably on. If you want to play the long side today, I'd look for an early morning dip. The upside target for today is 1040.
Or, just take the day off, as after the first hour or so, the market should go to sleep as everone leaves for the holiday weekend.
The jobless rate fell to 9.5%, from 9.7%… but they lost 125,000 jobs in June. So, it's bad as expected, but the pre-market isn't tanking right now.
That means the rally for today is probably on. If you want to play the long side today, I'd look for an early morning dip. The upside target for today is 1040.
Or, just take the day off, as after the first hour or so, the market should go to sleep as everone leaves for the holiday weekend.
I have a fake print of 112.41 spy, which could be reached before falling back down again. However, if tomorrow only reaches 1040 and closes there, it would go into the weekend overbought on the 60 and 15 minute charts.
That leaves the possibility that next Tuesday could drop down to the 990 area, for one final low before a larger rally back up to at least the 1070.50 fake print, or even the 112.41 spy print?
I don't see 1150 though… too high for now, but 1100 is certainly possible. The high will like be on opx for this month, or the following Monday.
As long as we stay under the 1131 right shoulder high, I think the market will continue down for several months, as the monthly and weekly charts tell me that we have started Primary Wave 3 down.
Optimism is good, but staying in the game and make some money is better. Good luck too you, if you decide to stay long waiting on 1150. I'm bailing at 1070, and then 112.41… if it looks like it's still got more upside left in it?
I did a video on the new post I just put up, but yeah… we could rally to 1040 tomorrow, and fall back down to 990 the first of next week… and then move up to 1070.
Good Morning Gang…
The jobless rate fell to 9.5%, from 9.7%… but they lost 125,000 jobs in June. So, it's bad as expected, but the pre-market isn't tanking right now.
That means the rally for today is probably on. If you want to play the long side today, I'd look for an early morning dip. The upside target for today is 1040.
Or, just take the day off, as after the first hour or so, the market should go to sleep as everone leaves for the holiday weekend.
Good Morning Gang…
The jobless rate fell to 9.5%, from 9.7%… but they lost 125,000 jobs in June. So, it's bad as expected, but the pre-market isn't tanking right now.
That means the rally for today is probably on. If you want to play the long side today, I'd look for an early morning dip. The upside target for today is 1040.
Or, just take the day off, as after the first hour or so, the market should go to sleep as everone leaves for the holiday weekend.
EUR/USD after breaking out is taking a pause
http://niftychartsandpatterns.blogspot.com/2010…
Very interesting indeed. Thanks for sharing.
http://enjoythe4th.blogspot.com/
Mr. Topsteps latest….
http://www.youtube.com/watch?v=6FKw0XuiVP0
I have a fake print of 112.41 spy, which could be reached before falling back down again. However, if tomorrow only reaches 1040 and closes there, it would go into the weekend overbought on the 60 and 15 minute charts.
That leaves the possibility that next Tuesday could drop down to the 990 area, for one final low before a larger rally back up to at least the 1070.50 fake print, or even the 112.41 spy print?
I don't see 1150 though… too high for now, but 1100 is certainly possible. The high will like be on opx for this month, or the following Monday.
As long as we stay under the 1131 right shoulder high, I think the market will continue down for several months, as the monthly and weekly charts tell me that we have started Primary Wave 3 down.
Optimism is good, but staying in the game and make some money is better. Good luck too you, if you decide to stay long waiting on 1150. I'm bailing at 1070, and then 112.41… if it looks like it's still got more upside left in it?
cool video red – thanks! I am flat,
I may be a little too optimistic here, but i see 1100-1150, http://myequitytrades.blogspot.com/2010/07/long…
Let's see…
I did a video on the new post I just put up, but yeah… we could rally to 1040 tomorrow, and fall back down to 990 the first of next week… and then move up to 1070.