June S&P E-mini Futures: Today's range estimate is 1163 – 1175. I think a strong move upward has started. The ES should reach 1200 in April on its way to 1225 or so.
1156.50 -1169.75 actual Friday (13.25 points) 1171 high last night 1163-1175 estimate for today (12 points) 1166.25 currently, estimate is -3.25 to +8.75 from here (bullish)
It looks like we might get a ranged bound week, of rising in the morning and selling into the close. Whipsaw galore! Lure in more retail bulls and wear out the bears. Nothing ever changes with these crooks.
The coming 3 day weekend would be the perfect time to release some really bad news. The month of March would be over, and enough time would have passed so Obamacare wouldn't be blame for the sell off.
Although, I don't think this sell off will be the start of P3. I think the market will churn higher in the summer months… but fall should be a bear feast!
for those trading the $NDX (QQQQ), the weekly purple containment pt. has important implications http://www.flickr.com/photos/47091634@N04/44724… the bull will be dead when the $NDX gets consecutive weekly closes below weekly purple containment
I don't think I've showed this chart before $SPX weekly containment http://www.flickr.com/photos/47091634@N04/44731… during the early november low, $SPX backetested max contain (teal line) and $SPX hasn't looked back. the next weekly containment pt. is @ 1193 area
$DJI weekly containment setup Purple line on $DJI weekly containment was @ 10,962 last week, high last week for $DJI = 10,955 Next containment pt. in weekly sequence = 11,090
I will be hanging tough this week as I watch my money erode quickly. If Sundancer is right, we have to endure one more week of excruciating pain. And if he isn't, well then I go broke! Here is an interesting article. Bullish? I think not. http://www.zerohedge.com/article/capitulation-b…
That makes a lot of sense too me too. Lower the volatility so they can sell options to retail traders, knowing that those options will decay in time and become worthless… allowing them to keep all the money.
In a high volatility market, it's harder for them to control the movement of the market and thus they could lose out on some options that they sold. Once a market gets moving to the downside, it's like trying to stop a runaway train… it ain't easy.
They wouldn't have succeeded back in March of 2009, without the massive printing of stimulus money… which was supposed too go to help stimulate the economy, not the stock market and the greedy banksters.
So, it's just another lie to the public like “Weapons of Mass Destruction” was when Bush used that term. At least he stated that Saddam had the weapons.
Obama has the weapons now, and it's called “The Printing Press”… the real weapon that destroys!
ES will go lower before it gets to Carl's 1200 and 1225, if and when.
Carl is Long one unit at 1168.50
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1163 – 1175. I think a strong move upward has started. The ES should reach 1200 in April on its way to 1225 or so.
1156.50 -1169.75 actual Friday (13.25 points)
1171 high last night
1163-1175 estimate for today (12 points)
1166.25 currently, estimate is -3.25 to +8.75 from here (bullish)
It looks like we might get a ranged bound week, of rising in the morning and selling into the close. Whipsaw galore! Lure in more retail bulls and wear out the bears. Nothing ever changes with these crooks.
The coming 3 day weekend would be the perfect time to release some really bad news. The month of March would be over, and enough time would have passed so Obamacare wouldn't be blame for the sell off.
Although, I don't think this sell off will be the start of P3. I think the market will churn higher in the summer months… but fall should be a bear feast!
for those trading the $NDX (QQQQ), the weekly purple containment pt. has important implications
http://www.flickr.com/photos/47091634@N04/44724…
the bull will be dead when the $NDX gets consecutive weekly closes below weekly purple containment
I don't think I've showed this chart before
$SPX weekly containment
http://www.flickr.com/photos/47091634@N04/44731…
during the early november low, $SPX backetested max contain (teal line) and $SPX hasn't looked back.
the next weekly containment pt. is @ 1193 area
$DJI weekly containment setup
Purple line on $DJI weekly containment was @ 10,962 last week, high last week for $DJI = 10,955
Next containment pt. in weekly sequence = 11,090
Thanks SC.
I will be hanging tough this week as I watch my money erode quickly. If Sundancer is right, we have to endure one more week of excruciating pain. And if he isn't, well then I go broke! Here is an interesting article. Bullish? I think not.
http://www.zerohedge.com/article/capitulation-b…
Sundancer, if it gets up to your 1191 by this date, the SPX would form the perfect H&S pattern, starting from the point you mentioned in 2000.
That makes a lot of sense too me too. Lower the volatility so they can sell options to retail traders, knowing that those options will decay in time and become worthless… allowing them to keep all the money.
In a high volatility market, it's harder for them to control the movement of the market and thus they could lose out on some options that they sold. Once a market gets moving to the downside, it's like trying to stop a runaway train… it ain't easy.
They wouldn't have succeeded back in March of 2009, without the massive printing of stimulus money… which was supposed too go to help stimulate the economy, not the stock market and the greedy banksters.
So, it's just another lie to the public like “Weapons of Mass Destruction” was when Bush used that term. At least he stated that Saddam had the weapons.
Obama has the weapons now, and it's called “The Printing Press”… the real weapon that destroys!