Doesn't look like very much volume in the market today. The charts are now starting to looking bullish on the daily. It's not making me feel good about being short.
A gap up tomorrow (on NO news or valid fundamental reason of course) would get the market outside that falling channel and the right shoulder could form, that everyone is looking for.
But, I seen the charts as bearish going into today, so seeing them as bullish for tomorrow may be exactly what I need to see, for it to tank?
one thing I find strange is that the treasury auction is at 1:00PMEST. I assumed the market would tank into. Maybe it's not the government who is running this thing after all!
This market will tank after they have squeezed out all the shorts… and today probably came pretty damn close! If it squeezed enough of them, then we should start a nice move down into tomorrow.
Downward Channel on the ES 5 minute chart.
http://content.screencast.com/users/illinikap/f…
Monicadern I was just on Attillas site and responded to you but I may not be registered.;
Attilla said yest on his blog that we are going much below 1000 on the s&p based on Wed's action.
Doesn't look like very much volume in the market today. The charts are now starting to looking bullish on the daily. It's not making me feel good about being short.
A gap up tomorrow (on NO news or valid fundamental reason of course) would get the market outside that falling channel and the right shoulder could form, that everyone is looking for.
But, I seen the charts as bearish going into today, so seeing them as bullish for tomorrow may be exactly what I need to see, for it to tank?
or maybe we tank after it?
one thing I find strange is that the treasury auction is at 1:00PMEST. I assumed the market would tank into. Maybe it's not the government who is running this thing after all!
This market will tank after they have squeezed out all the shorts… and today probably came pretty damn close! If it squeezed enough of them, then we should start a nice move down into tomorrow.
it's high time red.
Once it cracked 135 it meant death to the market.
GS is tanking now and that is not a good sign for the broader market.
The vix percentages are not supporting this Bull. less than 12% in fact less than 10%..
no conviction.
I would not be surprised to see yesterdays swing all over again.