This is a weird day. Dow is up over 100 points but $ndx is down and breadth isn’t that strong. Apple of course is getting crushed. Haven’t checked on the news today but the overnight markets were getting a little exuberant because Greece was starting to buyback its debt. XLF and the Dow now back at new secondary highs.
I will need to see the close for some more analysis.
Today is a Fib 55 trading days (Gann D.Zone number as well) off the 9-14 high.
If we make a higher high then possibly they do continue this into tomorrow? But, I just don’t think we will, as the market looks really weak. Even the $4.25-$5.25 Billion in TOTO money tomorrow might not do much more then “buy the gap down in the morning”… instead of rallying up to 1430-1435 like they want to do.
I’m looking for a “lower high” on this next move up over between now and the close. It should happen within the next hour I’m thinking. If so, then that’s where I’ll likely go short at.
Even with the “Tentative Outright Treasury Operation” in today and tomorrow the market seems just too weak to rally from it. And with no money on Friday, and not another round until next Thursday the 13th, there’s little left to suppor this fat pig… meaning we should drop nicely in those 6 days.
The ES and the SPX look to be lining up right now on the 4hr, 2hr, and 60min charts. I’m now thinking that this is about all we are going to get. It’s not looking good for a move up to 1430-1435 on the ES. I just don’t think it will make it… at least not from what I see in the chart right now (which should mean that tomorrow will be down).
With that said, I might to looking for a short position here really soon… especially with that new FP of 140.70 SPY showing up at the 11:43 am time frame. The charts could easily support a move down into the close to hit that level… then more down tomorrow.
It looks like we’re heading for the Sorcerer number for the ultimate destination date. Also the last 3 SB champions number rearranged as well.
This is a weird day. Dow is up over 100 points but $ndx is down and breadth isn’t that strong. Apple of course is getting crushed. Haven’t checked on the news today but the overnight markets were getting a little exuberant because Greece was starting to buyback its debt. XLF and the Dow now back at new secondary highs.
I will need to see the close for some more analysis.
Today is a Fib 55 trading days (Gann D.Zone number as well) off the 9-14 high.
I’m “not long” now (for SkyNet)…
If we make a higher high then possibly they do continue this into tomorrow? But, I just don’t think we will, as the market looks really weak. Even the $4.25-$5.25 Billion in TOTO money tomorrow might not do much more then “buy the gap down in the morning”… instead of rallying up to 1430-1435 like they want to do.
I’m looking for a “lower high” on this next move up over between now and the close. It should happen within the next hour I’m thinking. If so, then that’s where I’ll likely go short at.
Even with the “Tentative Outright Treasury Operation” in today and tomorrow the market seems just too weak to rally from it. And with no money on Friday, and not another round until next Thursday the 13th, there’s little left to suppor this fat pig… meaning we should drop nicely in those 6 days.
The ES and the SPX look to be lining up right now on the 4hr, 2hr, and 60min charts. I’m now thinking that this is about all we are going to get. It’s not looking good for a move up to 1430-1435 on the ES. I just don’t think it will make it… at least not from what I see in the chart right now (which should mean that tomorrow will be down).
With that said, I might to looking for a short position here really soon… especially with that new FP of 140.70 SPY showing up at the 11:43 am time frame. The charts could easily support a move down into the close to hit that level… then more down tomorrow.
There’s a FP of 140.70 SPY at 11:43 am… could be the close today?
Sending out yesterday’s newsletter again to late
subscribers…
GOLD Support levels: http://niftychartsandpatterns.blogspot.in/2012/12/gold-support-levels.html
market up 135 , iwm up on .29 c, aapl down