We are at a crossroads where we could going higher into Friday. Or, we go down into Friday. Right now it's leaning to the bearish side, but we need to take out that 1065 level to get moving down to 944-990 area.
Rumor has is it, that the Friday job's report will be great. So, if we go down below 1065 today, then a panic sell could happen on Thursday and take the market down hard and fast.
But, it should rally on the Friday morning jobs report if it tanks tomorrow. So, I will close out all short at the end of the day tomorrow… if we sell off?
On the bullish side, if we take out the 1104 high from a few days ago, then we should rally until the end of the week and possibly next week.
The 60 minute chart looks to be rolling back down now, after failing to rise above the zero line. The 15 minute chart is also peaked, and rolling over as I type this. It's leaning bearish right now, but anything can happen, so be prepared to cut your shorts loose if we rally hard into the close.
I already bought them earlier this morning, but I sure would have like to have bought them now. The 15 minute chart is peaked, and the 60 will be by the end of the day most likely. Now would be a great spot to add shorts.
here comes the short squeeze. i'm staying put.
Mr. Topstep for those of you that are bored right now. No much good info on this video though…
http://www.youtube.com/watch?v=gxgb5CA8lvE
Gang,
We are at a crossroads where we could going higher into Friday. Or, we go down into Friday. Right now it's leaning to the bearish side, but we need to take out that 1065 level to get moving down to 944-990 area.
Rumor has is it, that the Friday job's report will be great. So, if we go down below 1065 today, then a panic sell could happen on Thursday and take the market down hard and fast.
But, it should rally on the Friday morning jobs report if it tanks tomorrow. So, I will close out all short at the end of the day tomorrow… if we sell off?
On the bullish side, if we take out the 1104 high from a few days ago, then we should rally until the end of the week and possibly next week.
The 60 minute chart looks to be rolling back down now, after failing to rise above the zero line. The 15 minute chart is also peaked, and rolling over as I type this. It's leaning bearish right now, but anything can happen, so be prepared to cut your shorts loose if we rally hard into the close.
SP 500 Approaching resistance area
http://niftychartsandpatterns.blogspot.com/2010…
Thanks Red. I will buy it now.
I already bought them earlier this morning, but I sure would have like to have bought them now. The 15 minute chart is peaked, and the 60 will be by the end of the day most likely. Now would be a great spot to add shorts.
Red, at what level are you going to add your shorts?
me neither..
I can't find anything recent? When I google it, is all dated around February 25th, 2010.
Does anyone know if the short sale rule in the US is to be implemented and if so when?