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.
Last Friday produced a 5th HO signal (Hindenburg Omen). Keep in mind, it only means a correction/crash is ‘on the clock’. For past history read: https://www.technicalindicatorindex.com/subscribers/guest-articles/Main%20Line%20InvestorThe%20Past%20Performance%20of%20the%20Hindenburg%20O%85.pdf
Yes, this panic selling should end Monday (Tuesday at the latest), and then a rally into Thursday where I’ll look for a short into July 31st.
you thinking 1 day crush, then bounce Tuesday into Holiday?
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.