This is very frustrating… which is of course what the gangsters love to do to us bears (and the bulls). No real direction here as they haven’t hit the FP yet to go short at or retested the 1615 spx area where the lower trendline in this rising channel is located at… so you can’t go long either. Very hard to do anything right now but just wait to see what they give us.
Parker you could be right on that call for 1666 for all I know? I’ve thought about it myself many times but it seems too obvious even for them to do. So I’m sticking with the 164.30 SPY FP and just a little above it. I’ve found that it’s common to pierce through FP’s a few points before rolling over. So maybe 1646 SPX instead of 1643 as the FP indicates.
vix is creeping up. keep your eyes open
The FP of 164.30 SPY has now been hit! I think we should rollover later today now.
ES Charts: http://niftychartsandpatterns.blogspot.in/2013/05/es-chart-analysis_14.html
1636 (ie16-36 or 16-666) is 969.21 pts from 666.79 and today, 5-13-13 or 5-26 is 4 years 2months 7 days from 3-6-9 or 1528 days later.
yeah, still holding some ES. will pickup some options if FP is hit. But market really needs a breather. Even if it’s just a minor move down
This is very frustrating… which is of course what the gangsters love to do to us bears (and the bulls). No real direction here as they haven’t hit the FP yet to go short at or retested the 1615 spx area where the lower trendline in this rising channel is located at… so you can’t go long either. Very hard to do anything right now but just wait to see what they give us.
APPLE Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/05/apple-hour-chart-analysis.html
Parker you could be right on that call for 1666 for all I know? I’ve thought about it myself many times but it seems too obvious even for them to do. So I’m sticking with the 164.30 SPY FP and just a little above it. I’ve found that it’s common to pierce through FP’s a few points before rolling over. So maybe 1646 SPX instead of 1643 as the FP indicates.
Totally nuts Peter… won’t go up to the 164.30 SPY FP or down to support at 1614 SPX. Drives me nuts too!
This is crazy. canteven get one day on bad news