What are people even thinking of this “rally”. that all of the issues have been resolved? QE3 expectations? I love how when our, and the world. economy is deep in the can, we hit 4 year highs….what a joke
The 1400 spx zone should be touched I’d think as that’s where the most support is. But it might not happen until later today into the close? Hard too say but this light volume is killing the bears.
If we don’t see a hard push down to that zone by the close, with the short term charts still bearish and not looking like they want to push back up, then we might just throw our bear hopes for 1370 out the window.
Don’t even know what to expect at this point. I’m slightly short right now, as i thought we’d at least sell off for a few days now, but who knows with this volume? got short yesterday morning on some September puts, so i might hang in there and see if we sell off a bit today/tomorrow. I feel like the only chart you can focus on is the daily, because everything else is overbought to extremes already
Still light volume so we could chop around all day… and again, it wouldn’t surprise me if they don’t sell off for 2-3 days and then back up to put in a significant high on the next ritual “eleven” day next Monday the 27th.
What are people even thinking of this “rally”. that all of the issues have been resolved? QE3 expectations? I love how when our, and the world. economy is deep in the can, we hit 4 year highs….what a joke
it’s a fools game trying to catch this top lately. I think i may just wait until a decent downturn gets going
Yeah, making me doubt a pull back…especially much below 139. Wonder how much longer they an just chop like this
Another snooze fest it seems. This market is so boring.
if this trend continues we’ll see 1500 before elections
with how incremental the moves have been the past 7 weeks, its very hard for either side to really make any money though
I guess on the other hand, the higher up they push this, the uglier its going to be for that wave down to the 1065 fp
The 1400 spx zone should be touched I’d think as that’s where the most support is. But it might not happen until later today into the close? Hard too say but this light volume is killing the bears.
If we don’t see a hard push down to that zone by the close, with the short term charts still bearish and not looking like they want to push back up, then we might just throw our bear hopes for 1370 out the window.
Don’t even know what to expect at this point. I’m slightly short right now, as i thought we’d at least sell off for a few days now, but who knows with this volume? got short yesterday morning on some September puts, so i might hang in there and see if we sell off a bit today/tomorrow. I feel like the only chart you can focus on is the daily, because everything else is overbought to extremes already
Good morning gang…
Still light volume so we could chop around all day… and again, it wouldn’t surprise me if they don’t sell off for 2-3 days and then back up to put in a significant high on the next ritual “eleven” day next Monday the 27th.