Not that a C&H would mean anything. I'm waiting to see, not adding to positions.
Yes, we have spent a lot of time around 1090. It will be all the more encouraging/discouraging to whomever the market makers want to encourage/discourage when it breaks/holds.
Looks like the 15 minute chart worked off the overbought conditions, and is likely to go up and put in a lower tower on the histogram bar. The 60 minute should also be peaked and ready to roll over by the end of the day.
By tomorrow morning, both will be aligned together in a “peaked” condition ready to fall back down. Should be a bearish day tomorrow.
Not that a C&H would mean anything. I'm waiting to see, not adding to positions.
Yes, we have spent a lot of time around 1090. It will be all the more encouraging/discouraging to whomever the market makers want to encourage/discourage when it breaks/holds.
Hope not. 1090 seems to be formidable resistance.
Looks like instead of an H&S we may get a little cup and handle pointing to 1100. Cute.
This rally hasn't got enough strength to pull the skin off a chocolate pudding.
I've gone long again.
SSO 36.00
Look at the daily on the shorts… FAZ,SDS,BGZ,DRV,TZA
Bad looking candles.
Should have gone long yesterday. Thought it was a reversal. The hammer on the SPX daily looks like Feb. 5.
Will buy pullbacks.
Looks like the 15 minute chart worked off the overbought conditions, and is likely to go up and put in a lower tower on the histogram bar. The 60 minute should also be peaked and ready to roll over by the end of the day.
By tomorrow morning, both will be aligned together in a “peaked” condition ready to fall back down. Should be a bearish day tomorrow.
Bulls are going to run hard rest of day on low volume
It is the Fog of Financial for sure.
Makes sense if the low is due on June 25th.
Hey, Red, take a look at late 2007 and early 2008. This thing could drag out much longer, up to another week and a half.
Our situation is similar to 11/13/07 and 1/8/08.
From your fingers to the g-ds ears! I agree but that doesn't stop the queasy feeling in my stomach 🙂