Ok then… here's some good news! Obama, Bernanke and Geithner just turned themselves in, and admitted that they are crooked and were stealing that Tax Payer's money!
Here's the bad news… the market rallies to all time highs! LOL.
Wow, down once from Carl. Interesting! Actually think this would be bad for the bears. We need it to go lower than 1120. If it only gets there, it will alleviate some overbought conditions and could the resume upwards. Ugh.
June S&P E-mini Futures: Trading activity moves to the June contract at the pit open. Today's range estimate is 1123-1139 for the June contract. I now think a 20-25 point break has started but I expect it to be brief and end near 1120. Look fort the market to reach 1200 by the end of May.
Carl is now using June expiry, which is 4.5 points lower than March expiry as I write this.
1123-1139 estimated range for today (June Expiry) Current is 1136.25, so -13.5 to +2.75 from here
And what does that gap suggest? Sundancer, do you think we have to get to your top numbers on $RUT and XLF before we can really head downwards?
They are called pivot points. Also Persons points.
If your software doesn't have them, you can go to http://www.nationalfutures.com/pivotcalculator.htm
enter yesterdays high,low & close and get them.
for those with eagle eye's will notice a significant index gap on the $SPX this morning
Ok then… here's some good news! Obama, Bernanke and Geithner just turned themselves in, and admitted that they are crooked and were stealing that Tax Payer's money!
Here's the bad news… the market rallies to all time highs! LOL.
Earl, how do I pull up pivots on a chart?
Agreed. Carl remains bullish. I'm wondering if he goes short today or just waits for the downside to subside.
Looks like I get to trade TZA today. So long as it doesn't get below $7.39 (pivot line for today)
Wow, down once from Carl. Interesting! Actually think this would be bad for the bears. We need it to go lower than 1120. If it only gets there, it will alleviate some overbought conditions and could the resume upwards. Ugh.
Carl just now:
June S&P E-mini Futures: Trading activity moves to the June contract at the pit open. Today's range estimate is 1123-1139 for the June contract. I now think a 20-25 point break has started but I expect it to be brief and end near 1120. Look fort the market to reach 1200 by the end of May.
Carl is now using June expiry, which is 4.5 points lower than March expiry as I write this.
1123-1139 estimated range for today (June Expiry)
Current is 1136.25, so -13.5 to +2.75 from here
I think Sundancer knows!
I don't think anyone knows where the final top is? I suspect he meant the short term top.