We are really close to the top now. It could have been today at 1060, or tomorrow at a slightly higher price. Either way I'm short and will remain so until 995-1000 is hit. The odds are now in favor of the bears, and you just have to play the odds.
The only way I'll sell my shorts is if 107.65 on a daily close of the SPY is hit. That would be very bullish and the next move would be to 110 on the spy.
I'll make a post later tonight and let you know, but I did go short at 1060 as that is now major resistance. The fact that we didn't close above 1060 should mean that we'll start to pull back tomorrow.
I'll make a post later tonight and let you know, but I did go short at 1060 as that is now major resistance. The fact that we didn't close above 1060 should mean that we'll start to pull back tomorrow.
Ok, 1060 at 11:25 Am, and getting close to an astro possible high at 11;38. 1060 is right near the top of the range I posted of 1063 using fibo Expect some sputter from here, and another attempt on the 8th July 8th low to oct8th = 90 days lo to high Friday should be the BEST day for bears hope bears can hold out till then[gg] Jay
I've been a follower of Cobra for quite some time now. His TA work is excellent. I only wish I was that good with TA stuff. I try to mix a little bit of everything in my posts. After all… we are human, and humans aren't really that logical too be predicted with technical annalists only.
Good call on the 1060 – You are hitting some good notes that you posted would play out < $ >
We are really close to the top now. It could have been today at 1060, or tomorrow at a slightly higher price. Either way I'm short and will remain so until 995-1000 is hit. The odds are now in favor of the bears, and you just have to play the odds.
The only way I'll sell my shorts is if 107.65 on a daily close of the SPY is hit. That would be very bullish and the next move would be to 110 on the spy.
Thanks for the update Red Dragon
I'll make a post later tonight and let you know, but I did go short at 1060 as that is now major resistance. The fact that we didn't close above 1060 should mean that we'll start to pull back tomorrow.
Any thoughts after market action today
I'll make a post later tonight and let you know, but I did go short at 1060 as that is now major resistance. The fact that we didn't close above 1060 should mean that we'll start to pull back tomorrow.
Any thoughts after market action today
Ok, 1060 at 11:25 Am, and getting close to an astro possible high at 11;38.
1060 is right near the top of the range I posted of 1063 using fibo
Expect some sputter from here, and another attempt on the 8th
July 8th low to oct8th = 90 days lo to high
Friday should be the BEST day for bears
hope bears can hold out till then[gg]
Jay
From the looks of the futures this morning we could get 1060 today?
Thanks nbg….
I've been a follower of Cobra for quite some time now. His TA work is excellent. I only wish I was that good with TA stuff. I try to mix a little bit of everything in my posts. After all… we are human, and humans aren't really that logical too be predicted with technical annalists only.