Yes, I agree Jim. 990 is coming up fast. It lunchtime now, so we could find a temporary bottom here, and finish selling off into the close today… ahead of the jobs data?
Hard to say which way they will flip it? But, you and I both know that opx week will most likely be bullish… to squeeze out all the shorts. So, if we go down to 990's first (by the end of this week), then go long until 1070.50 is hit.
If we rally first to 1070.50, then go short, as a sell off to 990 is coming. I think it will happen tomorrow though, but that assumes we rally today, and tomorrows' job data is horrible.
I just remember the big pops on Cobra's charts on the 9th and 10th day. Jesterx also mentioned that if we go into a holiday weekend bullish, we tend to resume bearish the following week and vice versa. But, maybe we go straight down and reverse at 990.
Yes, I agree Jim. 990 is coming up fast. It lunchtime now, so we could find a temporary bottom here, and finish selling off into the close today… ahead of the jobs data?
Vixes are over 6% now. If we hit 12 % today 990 will be sliced through tomorrow like it isn't even a factor.
Looks like we will see 990 today gang… wow.
990 may come. 900 should wait
1120 broke fairly easily this am. It looks to me like the next pause is around 990. After that its 900.
U.S. Markets and Eur/Usd moves in Opposite direction
http://niftychartsandpatterns.blogspot.com/2010…
S&P 500 Week chart with broken support levels and the next target
http://niftychartsandpatterns.blogspot.com/2010…
ok – I was wrong. Got rid of my long hedge.
Hard to say which way they will flip it? But, you and I both know that opx week will most likely be bullish… to squeeze out all the shorts. So, if we go down to 990's first (by the end of this week), then go long until 1070.50 is hit.
If we rally first to 1070.50, then go short, as a sell off to 990 is coming. I think it will happen tomorrow though, but that assumes we rally today, and tomorrows' job data is horrible.
I just remember the big pops on Cobra's charts on the 9th and 10th day. Jesterx also mentioned that if we go into a holiday weekend bullish, we tend to resume bearish the following week and vice versa. But, maybe we go straight down and reverse at 990.