Smart girl… now you're thinking like a government thugs. You've been hanging around here too long and reading my post. I've corrupted your mind by giving you the red pill. LOL!
Perhaps, but I feel that the sell of is already in the cards and that news doesn't matter. But, there will have to be something blamed as a catalyst. Job numbers on Friday when the market is closed (odd) but I think it would have to take something bigger, like the onset of a war in the middle east, to make this thing budge. I also think the government would prefer to blame it on something external, rather than internal economic issues.
looky there – the VIX is almost down on the day. Red – If I am understanding Sundancer correctly, we make new highs this week with a reversal date being either on 4/1 or 4/4.
Do you feel we are going higher to one of those levels first, before a sell off, or do you see the current overhead resistance holding and us falling something this week or next.
If it hits the 1191-1193 area and then falls, it paints a long term head and shoulders pattern (with descending neckline) dating back tot he end of March (2000). Don't know if that matters.
Smart girl… now you're thinking like a government thugs. You've been hanging around here too long and reading my post. I've corrupted your mind by giving you the red pill. LOL!
Perhaps, but I feel that the sell of is already in the cards and that news doesn't matter. But, there will have to be something blamed as a catalyst. Job numbers on Friday when the market is closed (odd) but I think it would have to take something bigger, like the onset of a war in the middle east, to make this thing budge. I also think the government would prefer to blame it on something external, rather than internal economic issues.
interesting setup
many setups are converging here:
Monthly/Quarterly close on Wednesday: a high month/quarterly close would be a nice fastball down the middle of the plate
1191-1193 would be ideal
terminal moves don't have corrections; this a bulls worst nightmare
That 3 day holiday weekend is perfect for releasing bad news on the market.
looky there – the VIX is almost down on the day. Red – If I am understanding Sundancer correctly, we make new highs this week with a reversal date being either on 4/1 or 4/4.
And, everyone and their mother thinks we are going to get to 1200 so that usually means the opposite.
Do you feel we are going higher to one of those levels first, before a sell off, or do you see the current overhead resistance holding and us falling something this week or next.
If it hits the 1191-1193 area and then falls, it paints a long term head and shoulders pattern (with descending neckline) dating back tot he end of March (2000). Don't know if that matters.
1204 is the brown line
1220 is the grey line
As you know the $SPX isn't going to print 1200 and magically fall so either 1191-1193 or 1212-1221