We’ll be very oversold at the open. I’m expecting a bounce into Thursday. Don’t know how high, but I see the end of this week being the best time to short into the end of July.
Yes we needed Mars to enter Cancer before anything could materialize thus the markets were in limbo for a week and got the inevitable bounce based on a “positive turn in Euro-Greece negotiations” as the operators continued their game of whipsaw with the markets.
Russell 2000 and IBB did pop above the upper BBs earlier in the week putting in a doji top above them on Tuesday which is a pretty reliable topping pattern.
It looks like the point of no return for Greece. Their lifeline will be yanked referendum or no referendum.
Monday is 6-29 or the 611 from the Simpson’s clock but I don’t believe that is when we’ll see denouement materialize. There is an even more clever disguised 6-11 coming up with all of the requisite astrology included.
The longer the market chops around sideways today the less likely we’ll see the move up to that falling trendline around 2112 (and going lower) on the ES Futures. We could fail to hold support later today and drop into the close if the bulls don’t make a move soon. I’m personally on the sidelines today as I now see now clear direction.
Larger put order expiring July 17th http://www.screencast.com/t/GdSQ2UBt7LS
Last bounce before the cliff dive…
Great minds think a like.
We’ll be very oversold at the open. I’m expecting a bounce into Thursday. Don’t know how high, but I see the end of this week being the best time to short into the end of July.
Greece – Banks and Stock Market closed on Monday. We will open -500 in the DOW and S&P will see 1875 this week.
Yes we needed Mars to enter Cancer before anything could materialize thus the markets were in limbo for a week and got the inevitable bounce based on a “positive turn in Euro-Greece negotiations” as the operators continued their game of whipsaw with the markets.
Russell 2000 and IBB did pop above the upper BBs earlier in the week putting in a doji top above them on Tuesday which is a pretty reliable topping pattern.
It looks like the point of no return for Greece. Their lifeline will be yanked referendum or no referendum.
Monday is 6-29 or the 611 from the Simpson’s clock but I don’t believe that is when we’ll see denouement materialize. There is an even more clever disguised 6-11 coming up with all of the requisite astrology included.
Today is 25000 days from the BD event.
Check out the early evening skies as Quetzi approaches Jupiter for the inevitable union.
The longer the market chops around sideways today the less likely we’ll see the move up to that falling trendline around 2112 (and going lower) on the ES Futures. We could fail to hold support later today and drop into the close if the bulls don’t make a move soon. I’m personally on the sidelines today as I now see now clear direction.
ES Futures Update: http://screencast.com/t/bsK5C09Q