No, I'm in cash. But if you hold shorts, then I'd sell early on the bad jobs data (which it is still likely too be). Look for the 10:30-11:30 time frame for a bottom, and then get out.
I don't think 110 is the correct target Wolf… I have a fake print of 1070.50 spx (about 107.50 spy), and another one at 112.41 spy. It should be either of those 2 targets… probably by opx.
No, I'm in cash. But if you hold shorts, then I'd sell early on the bad jobs data (which it is still likely too be). Look for the 10:30-11:30 time frame for a bottom, and then get out.
question is do you hold shorts.
imay unload a little
Yes, I agree… the direction is up on either pattern.
Cup and Handle Break out or is it a bull flag?
http://niftychartsandpatterns.blogspot.com/2010…
Sell the rumor buy then news?
IlliniKap and Jim, I'm just sitting on my hands right now, as the direction is unclear. I won't go short or long into tomorrow at this level.
I don't think 110 is the correct target Wolf… I have a fake print of 1070.50 spx (about 107.50 spy), and another one at 112.41 spy. It should be either of those 2 targets… probably by opx.
Here comes the dump. Bears are fully in control now. Before it would be runups into the close, now its just dumps.
This last 10 minutes could be quite a trip.
not going short…I am long till 110…I think corner is turned…tomorrow will tell…