Seems like a gap fill and ready for further down. Pulling a fast one on everyone waiting for market to go up and fill? Not looking good this time around. Everyone is looking for a higher high….maybe not this time. Slow incremental moves down until the realization sets in of a growling bear appearance.
I see it too… possible? Don’t know for sure? It’s too close to the opening gap down this morning. Looks to be about where we closed yesterday. So it could be just a late fill or a real FP?
Also $RUT weekly chart showing me this week alone so far has taken last 6 weeks of gains?
Seems like a gap fill and ready for further down. Pulling a fast one on everyone waiting for market to go up and fill? Not looking good this time around. Everyone is looking for a higher high….maybe not this time. Slow incremental moves down until the realization sets in of a growling bear appearance.
I see it too… possible? Don’t know for sure? It’s too close to the opening gap down this morning. Looks to be about where we closed yesterday. So it could be just a late fill or a real FP?
Was that a fake print spike to 210.58 on SPY a few monutes ago
Feels like the market is craving out a bottom here. Getting oversold on many time frames.
Therefore I can only conclude it’s just FOMC manipulation…
I don’t see this move up being supported by the charts which are still bearishly aligned.
Gold at 200 Day SMA: http://niftychartsandpatterns.blogspot.in/2015/04/gold-testing-200-day-sma.html
ES Update: http://screencast.com/t/xfxvpDE7cQgD
Went lower then I thought. Not usual to see 2 down days in a row but it’s a tricky market.