If job data good tomorrow then market will fear the rate increase from the Fed’s… so they sell the SPX again. If job data bad then market thinks the Fed will put off rate hike until next year… and so they buy the SPX. A rally into the close today should mean we had good data tomorrow and therefore drop in the SPX.
Looks like we are well past the last turn date… but we’ve not done much but chop since then I guess. All I can say is the the upside has too be limited with the VIX soooooo low!
Yeah, it was a real print Doug. Based on the strong breakout to the upside I guess? Regardless, it’s now a nice bottoming tail. So a top is near I think. Could be today but likely Thursday or Friday I think. That’s just because of the past stat on Wednesday rarely putting in the high or low for any given week.
https://pbs.twimg.com/media/CLwOOpiUEAAbJw8.png:large
If job data good tomorrow then market will fear the rate increase from the Fed’s… so they sell the SPX again. If job data bad then market thinks the Fed will put off rate hike until next year… and so they buy the SPX. A rally into the close today should mean we had good data tomorrow and therefore drop in the SPX.
QID Fake Print showing 50 on August 6th 2015 http://screencast.com/t/HAikAV1U9k3
Thanks… I got it.
Red. I sent u an email. Fp on qid 50
Looks like we are well past the last turn date… but we’ve not done much but chop since then I guess. All I can say is the the upside has too be limited with the VIX soooooo low!
Bradley turn dates info. Looks like if we don’t break above last high of 211.45 we go back down. Any thoughts?
http://bradleysiderograph.com/donald-bradley-siderograph-2015/
Yeah, it was a real print Doug. Based on the strong breakout to the upside I guess? Regardless, it’s now a nice bottoming tail. So a top is near I think. Could be today but likely Thursday or Friday I think. That’s just because of the past stat on Wednesday rarely putting in the high or low for any given week.
My Scottrade platform is showing it!
Yes. That would match the level from last October on weekly charts.