Just ignore all the news and focus on the FP’s and the ritual’s BH. This market is going up to the 138.41 SPY print before tanking. I think it will happen on a brief gap up tomorrow. Get you some shorts there and see what happens. Remember that Thursday is a ritual “eleven” day too!
I think they are going to close this out around this level today and have a “gap up and crap” tomorrow morning at the open. This is going exactly as planned. I’d be looking to short the open if it gaps up and hits the FP on the SPY.
When the SPY hits it’s FP of 138.41 I would be inching into shorts. While we could go higher it’s not likely going to be very much. Also, with Thursday being a ritual “eleven” day (while the markets are extremely overbought) odd’s favor a nice red candle tomorrow.
If they don’t push through today and instead just chop around sideways to make a bull flag then a “gap up and crap” is likely to happen tomorrow morning.
That would be nice.. my buy in, for longs instead of day trades, is in the 137.5-138 range.. If not, i’m looking for a small gap up early tomorrow then I can take advantage of some weekly puts
Looking good to catch those weekly puts in the morning… Gap up and close down around -1%! That would be a very beautiful day
QQQ Chart update:
http://niftychartsandpatterns.blogspot.in/2012/07/qqq-near-resistance-levels.html
Just ignore all the news and focus on the FP’s and the ritual’s BH. This market is going up to the 138.41 SPY print before tanking. I think it will happen on a brief gap up tomorrow. Get you some shorts there and see what happens. Remember that Thursday is a ritual “eleven” day too!
The economy is worse than it has ever been , yet the market refuses to go down. How can anyone watch this crap anymore
I think they are going to close this out around this level today and have a “gap up and crap” tomorrow morning at the open. This is going exactly as planned. I’d be looking to short the open if it gaps up and hits the FP on the SPY.
Took advantage of it.. but maybe i’m just nuts? lol
Odd how it paused at 65 spy for a good minute.. i bet you it won’t go back down there at all today
Short Alert coming soon!
When the SPY hits it’s FP of 138.41 I would be inching into shorts. While we could go higher it’s not likely going to be very much. Also, with Thursday being a ritual “eleven” day (while the markets are extremely overbought) odd’s favor a nice red candle tomorrow.
If they don’t push through today and instead just chop around sideways to make a bull flag then a “gap up and crap” is likely to happen tomorrow morning.
That would be nice.. my buy in, for longs instead of day trades, is in the 137.5-138 range.. If not, i’m looking for a small gap up early tomorrow then I can take advantage of some weekly puts