I'm in Reds camp on this one…5 time frames point down… down it is….we are struggling to get back to open…maybe we get to yesterdays close but then back down…picking a time…today, tomorrow, Monday, Friday, is voodoo to me…cant see the future…but the over all picture when backd by the many time frames tells me where we are going but not the time I arrive…
Why is so many people bullish here? The charts don't support it. The monthly, weekly, daily, 60 minute, and 15 minute charts are ALL bearish! Maybe for short term bounce, but when the 60 and 15 minute chart realign and point down again… we could have another flash crash!
Call me crazy, but the charts tell me that there is no way in hell we are going to rally up here. Look at the daily chart… both the 10ema and the 20ema have now crossed over the 50ema. That's very bearish!
That yellow downward sloping trendline (in the chart above) is going to hold the market back. It must gap open over it, before it can rally. That didn't happen today. I see a big sell off into the close.
I can see a move up to 1120, and then back down she goes… The daily charts don't support any real up move coming yet. Still very bearish. I'd be care bulls…
I dont know about you guys but I think I took two red pills to many last night….My gut tells me somethings not right…anytime a government does something to try and fix something it causes more chaos down the road.. I got a bad feeling somethings going down over in la la land Germany..there cooking up something or they know something is coming and they did what they did to prevent chaos…ok let me find some blue pills now…
I'm in Reds camp on this one…5 time frames point down… down it is….we are struggling to get back to open…maybe we get to yesterdays close but then back down…picking a time…today, tomorrow, Monday, Friday, is voodoo to me…cant see the future…but the over all picture when backd by the many time frames tells me where we are going but not the time I arrive…
What are your thoughts on adding to positions at this point? Bounced off 1102 and need to break it to continue the slide I would think.
15 minute on vxx is rolling over a bit.
S$P macd 15 crossed but rsi still down???
Why is so many people bullish here? The charts don't support it. The monthly, weekly, daily, 60 minute, and 15 minute charts are ALL bearish! Maybe for short term bounce, but when the 60 and 15 minute chart realign and point down again… we could have another flash crash!
Call me crazy, but the charts tell me that there is no way in hell we are going to rally up here. Look at the daily chart… both the 10ema and the 20ema have now crossed over the 50ema. That's very bearish!
That yellow downward sloping trendline (in the chart above) is going to hold the market back. It must gap open over it, before it can rally. That didn't happen today. I see a big sell off into the close.
i would short more here if i could.
guys where we are at 12:30 cst is all that is important. otherwise don't read into the moves.
i'ts just that when Anna get's out of her shorts there's a good reason.
I can see a move up to 1120, and then back down she goes… The daily charts don't support any real up move coming yet. Still very bearish. I'd be care bulls…
http://stockcharts.com/def/servlet/Favorites.CS…
Careful bears
I dont know about you guys but I think I took two red pills to many last night….My gut tells me somethings not right…anytime a government does something to try and fix something it causes more chaos down the road.. I got a bad feeling somethings going down over in la la land Germany..there cooking up something or they know something is coming and they did what they did to prevent chaos…ok let me find some blue pills now…
we will get there at least.