Agreed. It's just to obvious to get up to that 10,000 mark. If everyone is expecting, then the market should do the opposite. You know there has too be a ton of October calls that are expecting 10,000/1100 by this Friday.
If I were the market, I drop it to support at 1040 so I wouldn't have to pay all those calls. But, for all we know, they are the ones' with the calls, and want it at 10,000 by Friday.
It's extremely tough trying to figure out this market, with so much blatant manipulation in it.
I feel like this is the matrix, and I took the red pill while everyone else is high on the blue pill.
“Another Flat/ Doji day today is my guess. 1070-1078 range. Tomorrow, we have to see if we can break above 1080 or break below 1070 to 1050 level. Everyone is expecting a break above 1080 towards 1100 this week. hmm…..Can the market screw us by a quick sharp drop to 1050 enticing bears to pile thinking P3 has started and then cause a one final mf shortsqueeze to 1100”
The bulls time is coming… that's for sure! We are so close to a top it's scary. Futures are up more as I write this, but that all could change when JPM announces earnings in about an hour.
It's a mine field the bulls are walking through right now. Let's hope the step on one and blow off a leg… or two!
This is a tough market to call Jay. So much manipulation that it seems that all TA's, Elliottwave, Astro, etc… are about worthless. The market only go one way… UP!
Tomorrow, if 10 million people were killed with a nuke, the market would rally… less people to be un-employed, therefore it's positive. Has the world gone insane or what?
I came across some information that tutes are selling into these rallies, and I had already agreed to that. It was nice to see more validation of topping at least short term.
Tutues?
Agreed. It's just to obvious to get up to that 10,000 mark. If everyone is expecting, then the market should do the opposite. You know there has too be a ton of October calls that are expecting 10,000/1100 by this Friday.
If I were the market, I drop it to support at 1040 so I wouldn't have to pay all those calls. But, for all we know, they are the ones' with the calls, and want it at 10,000 by Friday.
It's extremely tough trying to figure out this market, with so much blatant manipulation in it.
I feel like this is the matrix, and I took the red pill while everyone else is high on the blue pill.
JPM earnings 0.82 vs consensus 0.52 cents.
This is what I wrote yesterday pre-market-
“Another Flat/ Doji day today is my guess. 1070-1078 range. Tomorrow, we have to see if we can break above 1080 or break below 1070 to 1050 level. Everyone is expecting a break above 1080 towards 1100 this week. hmm…..Can the market screw us by a quick sharp drop to 1050 enticing bears to pile thinking P3 has started and then cause a one final mf shortsqueeze to 1100”
GL
The bulls time is coming… that's for sure! We are so close to a top it's scary. Futures are up more as I write this, but that all could change when JPM announces earnings in about an hour.
It's a mine field the bulls are walking through right now. Let's hope the step on one and blow off a leg… or two!
It's fun playing with Photoshop. I may not make any correct forecasts, but at least my blog images look cool.
Hey Good looking… do you have my Pittsburgh Steelers as Bulls?
I will smack you when I see you! 😉 I do love you writes up my friend.
This is a tough market to call Jay. So much manipulation that it seems that all TA's, Elliottwave, Astro, etc… are about worthless. The market only go one way… UP!
Tomorrow, if 10 million people were killed with a nuke, the market would rally… less people to be un-employed, therefore it's positive. Has the world gone insane or what?
Red
I like your Warrior Trader thinking, and my puts are siding with your idea that it is time to punish the bulls, scare them at least!
I came across some information that tutes are selling into these rallies, and I had already agreed to that. It was nice to see more validation of topping at least short term.
Keep it up RED – You the man with the plan!!
It's fun playing with Photoshop. I may not make any correct forecasts, but at least my blog images look cool.