” Today's low, with a short term positive divergence at the 1107 pivot gives us two probabilities. First, if the 1107 holds there is a potential for a failed flat (bar chart), completed flat (line chart), ending this correction. The market would have to clear the OEW 1136 pivot next to turn the short term charts positive again. Second, if the 1107 pivot fails to hold a likely retest of that SPX 1066 panic low would be next. This appears to be an important juncture for the markets. Best to your trading!”
Tomorrow is supposed to be a moon phase (quarter moon), so we may get that rallyette.
I'm actually showing a loss today, on some puts that seemed cheap this morning but became very, very cheap by EOD. Lots of bullishness around, which is unseemly for a real bottom. Or so I hope!
I just saw futures. Maybe your crash is today.
looks like the 1107 pivot is being (already) blown out so 1066 is next
See if this helps, from Tony Coldero
” Today's low, with a short term positive divergence at the 1107 pivot gives us two probabilities. First, if the 1107 holds there is a potential for a failed flat (bar chart), completed flat (line chart), ending this correction. The market would have to clear the OEW 1136 pivot next to turn the short term charts positive again. Second, if the 1107 pivot fails to hold a likely retest of that SPX 1066 panic low would be next. This appears to be an important juncture for the markets. Best to your trading!”
PP=111.63
S2=109.22
going down this morning…greece doing same thing as last week big strike…maybe another 1000pt drop…maybe…hope so…
Europe is auguring in this morning, doing the heavy lifting for a change (usually not much happens on their shift).
If we open at par with them, I'm going to be p1$$ed. They are due for some kind of resistance testing or rally soon.
Pre-market SPY has a low of 109.44, is at 109.84 as of this post. 7:59am.
I dont know about the rally up…but you have the crash right
Rally up to 1130-1140… then crash! (crossing fingers here)
Who you kidding? That's not you in the picture SC… it's me!
Tomorrow is supposed to be a moon phase (quarter moon), so we may get that rallyette.
I'm actually showing a loss today, on some puts that seemed cheap this morning but became very, very cheap by EOD. Lots of bullishness around, which is unseemly for a real bottom. Or so I hope!
Hey that's me! Where did you get my pic?!!!
I demand a royalty fee! You will be hearing from my Sear's prepaid lawyer!!