Been gone all morning. It's been a pleasant few days (not) but I am still short. My guess is they take this thing up into the close but I will stay short because one really never does know, does one?!
I think that the 1150 area will be difficult to clear and expect some type of tail off that area. In addition to the 50 EMA there is also a major gap at the $115 area.
Its possible we get rejected near there…come back down to the neckline…form some positive divergence and then move towards the 1180-90 area and hopefully continue on with a huge burst to get to new higher highs.
June S&P E-mini Futures: Today's range estimate is 1093-1110. I think the low at 1036.75 ended the drop from 1216. The market has broken above the 1089 high of its recent trading range and this means that a move to 1300 is underway.
1096.50 – 1106.75 range last night (10.25 points, 40% of normal) 1093-1110 estimate for today (17 points) average actual range last 10 days has been 27.0 points
1103 currently, so estimate is -10 to +7 from here (neutral)
UK market is making an H&S this morning. We should join them at about 1103-5, drop to 1095, then back up to 1103-5 (or not) to end their day, from which we proceed to 114.40 (or not) to make our day.
Not much going on today Monica…
I expect just a lot of sideways movement, but no real trend either way. We should go down next week. I'm staying tight too.
Been gone all morning. It's been a pleasant few days (not) but I am still short. My guess is they take this thing up into the close but I will stay short because one really never does know, does one?!
Intraday hourly chart of APPLE INC shows the stock testing resistance line.
http://niftychartsandpatterns.blogspot.com/2010…
Thank you
Probably not much movement today gang. That 3 day weekend will have many traders leaving early. It's going to be a boring Friday it seems.
I think that the 1150 area will be difficult to clear and expect some type of tail off that area. In addition to the 50 EMA there is also a major gap at the $115 area.
Its possible we get rejected near there…come back down to the neckline…form some positive divergence and then move towards the 1180-90 area and hopefully continue on with a huge burst to get to new higher highs.
Well he sure missed yesterdy
Well i still have a small posittion in TZA and typ. And di not move long as I had to leave the computer for a while.
May ick up some sso on a drop today to get ready for next week. It seems the bulls have some control and that Anna 1140 target is becoming probable.
But mostly cash
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1093-1110. I think the low at 1036.75 ended the drop from 1216. The market has broken above the 1089 high of its recent trading range and this means that a move to 1300 is underway.
1096.50 – 1106.75 range last night (10.25 points, 40% of normal)
1093-1110 estimate for today (17 points)
average actual range last 10 days has been 27.0 points
1103 currently, so estimate is -10 to +7 from here (neutral)
UK market is making an H&S this morning. We should join them at about 1103-5, drop to 1095, then back up to 1103-5 (or not) to end their day, from which we proceed to 114.40 (or not) to make our day.
Every day is like a Chinese menu.
Thanks, Ben! I cannot conceive of hitting 986 today, but I'll put the stops in anyway.
Thinking Tuesday will be down, and bottom will be 6/3 or 6/6.
Today we might be sweating.