Why is that it 6,7, or 8 days up to get into the 93% range, but only 3 days down to be there? Seems a little unfair to the bears. Not that anything in this market is fair, but it just seems bull bias.
for those that are highly levered short, be careful as there is currently 3 consecutive gap downs, putting things in the top 93 percentile for a flat or gap up
Should the SPY gap up, a gap above 120.30 means we go to test 121.03
Nevermind… I had to re-read the comment. You mean that we should expect some gap up day to come soon, before the selling continues.
Just another fake out, to squeeze out the bears again, and lure in more dip buying bulls. That day should be tomorrow, if I'm reading the charts correctly. Then some selling the rest of the week.
What do you mean? Be careful shorting, or be careful going long? I'm certainly not going long for quite awhile, as I see this pops higher as shorting opportunities, not a new breakout to the upside.
Why is that it 6,7, or 8 days up to get into the 93% range, but only 3 days down to be there? Seems a little unfair to the bears. Not that anything in this market is fair, but it just seems bull bias.
After $SPX closed @ 1192 on friday
$DJI closes today @ 11,092
But the QQQQs did not. Glass half full!
Let me guess… bad news for the bears! I hate that trendline.
SPY closed above it's favorite TL
for those that are highly levered short, be careful as there is currently 3 consecutive gap downs, putting things in the top 93 percentile for a flat or gap up
Should the SPY gap up, a gap above 120.30 means we go to test 121.03
Carl at day’s end:
1180-1193 estimate for today (13 points)
1179.75–1194.50 actual today (14.75 points)
Nailed the high & the low.
Trades: No Trades today.
Grade: C (lost no money)
Nevermind… I had to re-read the comment. You mean that we should expect some gap up day to come soon, before the selling continues.
Just another fake out, to squeeze out the bears again, and lure in more dip buying bulls. That day should be tomorrow, if I'm reading the charts correctly. Then some selling the rest of the week.
What do you mean? Be careful shorting, or be careful going long? I'm certainly not going long for quite awhile, as I see this pops higher as shorting opportunities, not a new breakout to the upside.
U got that right. They couldn't turn the QQQQ's green. I usually can not watch it but I did today. It was flirting with Mr. Green but no-go.
Lets see about HAL+1!!!! 🙂