March S&P E-mini Futures: I am going to bet on an upside breakout today. My range estimate is 1064-1082. If I am wrong and the market spends an hour below 1064 I will conclude that the ES is headed for 1045 before a sustained rally can start. I still expect the 1041 low to hold and think that a move to 1200 is underway.
I believe the Retail Sales, Job's Number's, and the Greece bailout news will be enough to push this market over the edge today. The elevator should be heading down soon!
You never know exactly when Earl, but the charts I posted above clearly show that we are going down on Thursday. I do expect it to continue into Friday and next week too.
I see the 1044 being tested first, then 1020, 1000, and maybe even 980. Not sure if we will fall that far before opx, but it is possible, if a panic sets in?
I normally write my posts in about an hour or so, but this one took me 5-6 hours last night. I would normally do a post like that on the weekend, but we are at a crossroads, and I felt it was really important for people to understand why I'm still extremely bearish.
So, I spent the extra time showing all the reasons why a big sell off is coming ASAP… and will reward those who stay short and ride out the small turbulence.
Thanks for the link to INO. It's been awhile since I watched him. He see's the same thing I see… DOWN.
Fear and in-decision is how they get everyone to bail on their positions… just before they take the market in that direction. I've lost all fear now, as I only listen to what the technical analysis tells me… and that is still that we are going down.
I'm still expecting the sell off Crash. I believe it will start today, and carry over into next week. First target is to retest the 1044 low, then 1020, 1000, and maybe even 980?
At this point, I don't see us going up into opx, as this move down coming will last longer then the 2 days left that we have in this week. It should carry over into next week too.
From Carl Futia's blog
March S&P E-mini Futures: I am going to bet on an upside breakout today. My range estimate is 1064-1082. If I am wrong and the market spends an hour below 1064 I will conclude that the ES is headed for 1045 before a sustained rally can start. I still expect the 1041 low to hold and think that a move to 1200 is underway.
Good Morning Earl…
I believe the Retail Sales, Job's Number's, and the Greece bailout news will be enough to push this market over the edge today. The elevator should be heading down soon!
Yes indeed! And Good Morning, Leo.
Comments are still here Earl… refresh your page. This comment I'm now making to you should bring the comment count to 14.
Hmm. There were comments here yesterday. Anyone eat them?
You never know exactly when Earl, but the charts I posted above clearly show that we are going down on Thursday. I do expect it to continue into Friday and next week too.
I see the 1044 being tested first, then 1020, 1000, and maybe even 980. Not sure if we will fall that far before opx, but it is possible, if a panic sets in?
Thank you Monica…
I normally write my posts in about an hour or so, but this one took me 5-6 hours last night. I would normally do a post like that on the weekend, but we are at a crossroads, and I felt it was really important for people to understand why I'm still extremely bearish.
So, I spent the extra time showing all the reasons why a big sell off is coming ASAP… and will reward those who stay short and ride out the small turbulence.
Thanks for the link to INO. It's been awhile since I watched him. He see's the same thing I see… DOWN.
Fear and in-decision is how they get everyone to bail on their positions… just before they take the market in that direction. I've lost all fear now, as I only listen to what the technical analysis tells me… and that is still that we are going down.
Thank you Henry, I'm learning too…
I'm still expecting the sell off Crash. I believe it will start today, and carry over into next week. First target is to retest the 1044 low, then 1020, 1000, and maybe even 980?
At this point, I don't see us going up into opx, as this move down coming will last longer then the 2 days left that we have in this week. It should carry over into next week too.