Well, I guess they do want it to sell off… LOL! I’d guess that the move up was just to trap some bulls and scare out the early bears. This now looks like the true direction to me now.
T minus less than an hour for the full moon. And then the Dark Knight will have risen. 2 full moons after the grand homecoming. No doubt this ECB meeting was planned around this full moon and the ECB should act on it.
Russell 2000 and Transports were down 2% today and it is hard for me to believe they can ramp the markets up tomorrow just as vehemently. With the euro, gold, and silver doing bear flips today as well.
117 weeks tomorrow from the flash crash and 1212 tds from the 10-11-07 high so a nice setup for a nice plunge. 755 days from the DECISION as well.
I can’t see any clear direction yet Leopisa… tough call. I’ll have to study the charts more. Right now I just don’t know which direction they are planning on going? Down tomorrow seems likely though, but I’m not sure if they plan to continue down (into the 9th) or turn it back up and rally into it.
We hit the FP on the ES that BigHouse posted yesterday…
http://screencast.com/t/IKzDZVJtiA
New FP Alert… 131.92 SPY!
http://screencast.com/t/Yi0i3pK9
Well, I guess they do want it to sell off… LOL! I’d guess that the move up was just to trap some bulls and scare out the early bears. This now looks like the true direction to me now.
Nice move down in the morning Anthony but they bought it back up. Looks like they don’t want it to sell off yet. Crazy…
EURUSD Chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/08/eurusd-chart-analysis.html
What are you thinking red? going down hard soon?
ES Chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/08/s-500-futures-chart-update.html
T minus less than an hour for the full moon. And then the Dark Knight will have risen. 2 full moons after the grand homecoming. No doubt this ECB meeting was planned around this full moon and the ECB should act on it.
Russell 2000 and Transports were down 2% today and it is hard for me to believe they can ramp the markets up tomorrow just as vehemently. With the euro, gold, and silver doing bear flips today as well.
117 weeks tomorrow from the flash crash and 1212 tds from the 10-11-07 high so a nice setup for a nice plunge. 755 days from the DECISION as well.
I can’t see any clear direction yet Leopisa… tough call. I’ll have to study the charts more. Right now I just don’t know which direction they are planning on going? Down tomorrow seems likely though, but I’m not sure if they plan to continue down (into the 9th) or turn it back up and rally into it.
what do you think Red? 9th bottom 17th top 27th bottom again?