Yes, I agree. Next week we should put in the low Thursday/Friday. But don’t under estimate SkyNet. We could still scream up Tuesday and then tank into the rest of the week. I’m mixed right now with 50/50 odds on being up or down next Tuesday.
If we go down to hit the rising trendline tomorrow then it’s most likely a buy. If we gap up to hit the falling trendline then it’s most likely a sell. The old rule of thumb is to do the opposite of the open on job data day… and they release it at 8:30 am before the open. But even if it gaps up and falls back down tomorrow the medium trend is still up. So early next week I do see a rally.
SPX End Of Day Update: http://screencast.com/t/jkHbaQOtx7sW
Yes, I agree. Next week we should put in the low Thursday/Friday. But don’t under estimate SkyNet. We could still scream up Tuesday and then tank into the rest of the week. I’m mixed right now with 50/50 odds on being up or down next Tuesday.
we are going to test the lows and even get lower at least until 9/13.
BTU YUMMY!!!!!!!!
2.94 pps. I thought I bought it lower than that. 🙁
Yes I have 500 @ 2.59 couple of days ago.
SPX must hold the line or another move down to around 1900 is next http://screencast.com/t/EBkWdebG75J
I think we’ll bottom early Friday and then rally again. Still choppy waters.
ES Futures Morning Update: http://screencast.com/t/M3RZ69bz
9/16 35 strike looks good for a trade
If we go down to hit the rising trendline tomorrow then it’s most likely a buy. If we gap up to hit the falling trendline then it’s most likely a sell. The old rule of thumb is to do the opposite of the open on job data day… and they release it at 8:30 am before the open. But even if it gaps up and falls back down tomorrow the medium trend is still up. So early next week I do see a rally.