Hmmm… rally looks tired. We may have already ended here now? Wave count wise we could have started some 1 down, 2 up (ending now?) inside a C down? But this “feels” like it’s going to drop now, and drop hard. Possibly we creep up to that falling trendline of resistance on the SPY chart they had better make a move quickly.
The operators pulled a headfake and ended up cutting Tebow on Saturday. When I think of the Eagles’ coach, I think of his S19 playcalling card.
Most averages other than the Nasdaq ones held their downtrending 13 emas although the futures are up at the moment. Nasdaq still below its 20 day average. Also markets need to hold the opening month highs which the #ndx is right at it with today’s close.
I still like that Nikkei fractal because I already see a smaller version in the SP previously. Baby fractal.
SPY Late Day Update – Possible BIG Move Down Coming SOON: http://screencast.com/t/zDFmBD3UgFZ
Hmmm… rally looks tired. We may have already ended here now? Wave count wise we could have started some 1 down, 2 up (ending now?) inside a C down? But this “feels” like it’s going to drop now, and drop hard. Possibly we creep up to that falling trendline of resistance on the SPY chart they had better make a move quickly.
SPY End Of Rally Levels: http://screencast.com/t/0qvd1RBtZ
SPY Long Entries: http://screencast.com/t/laLSsLWFmv2s
SPX Thursday Midday Update: http://screencast.com/t/MszMY326f3U
ES Futures Thursday Morning Update: http://screencast.com/t/cC8v4E3gU6
Buy More NGUT. in 2.60’s
SPX Wednesday afternoon update: http://screencast.com/t/VN9Sxmj6
ES Wednesday Morning Update: http://screencast.com/t/bEFZbgtMS
The operators pulled a headfake and ended up cutting Tebow on Saturday. When I think of the Eagles’ coach, I think of his S19 playcalling card.
Most averages other than the Nasdaq ones held their downtrending 13 emas although the futures are up at the moment. Nasdaq still below its 20 day average. Also markets need to hold the opening month highs which the #ndx is right at it with today’s close.
I still like that Nikkei fractal because I already see a smaller version in the SP previously. Baby fractal.