Market should chop around today up in this area holding on to gains with only small pullbacks (if any). It should try to grind higher but doesn’t have much left on the upside before it rolls over and pulls back again. It will probably happen Friday though from the looks of the charts. I’d guess they will do one of 2 scenario’s… Plan A is to gap up over the current falling trendline of resistance and sell off most of Friday to backtest that trendline at a lower level. Plan B is to rollover afterhours and be down at the open Friday but oversold and ready to push back up. At that point they can push through the falling trendline instead of gapping over it. http://screencast.com/t/OvTgG5rvO
Right shoulder formed now on the ES Futures, so we should go back up tomorrow. But I’m a little concerned about the DOW closing at 15,666.44… of course that could mean a short term low is in just as easily as it meaning a crash is coming tomorrow.
I cant access reddragonleo.com
Is the site down?
Well that went up quickly.
Market should chop around today up in this area holding on to gains with only small pullbacks (if any). It should try to grind higher but doesn’t have much left on the upside before it rolls over and pulls back again. It will probably happen Friday though from the looks of the charts. I’d guess they will do one of 2 scenario’s… Plan A is to gap up over the current falling trendline of resistance and sell off most of Friday to backtest that trendline at a lower level. Plan B is to rollover afterhours and be down at the open Friday but oversold and ready to push back up. At that point they can push through the falling trendline instead of gapping over it. http://screencast.com/t/OvTgG5rvO
Right shoulder formed now on the ES Futures, so we should go back up tomorrow. But I’m a little concerned about the DOW closing at 15,666.44… of course that could mean a short term low is in just as easily as it meaning a crash is coming tomorrow.
ES Futures Update: http://screencast.com/t/Ii2bgvTne0p
I have never seen this in my 15 yrs in the market! UNREAL those robots.
Damn it! Last Thursday, I took DIA 171.50 8/28 call option for avg at .50!!!!!!!!!!!!!!!
you can’t hold it for long. they decay faster than make money.
I believe our 1st downdraft is over. This was a shot across the bow (of our sinking financial ship-no bomb) of things to come.
Delete this tweet Twitter… you suck!