While today is Friday and they usually keep the market up on Fridays the charts tell me we could rollover today. Naturally that can be (and commonly is) manipulated, but if they aren’t then we could drop to that 2085 area by Monday according the chart setup. Possibly one more wave up early today and then down? Don’t know but charts suggest a move down… whether Ms. Yellen allows it or not isn’t known?
The 2225-2230 SPX would be ideal, but sometimes they don’t give you what you want? So if they just double top today from yesterdays’ high and then rollover we should expect it to end by Monday morning I think (or sooner?). Then some chop until the FOMC meeting on Wednesday of next week to hear Yellen say the same thing she said in the last meeting. At that point we’ll see if “Sell in May and go away” is allowed to work or not?
Tomorrow, 4-24 will be the anniversary of the Soyuz 1 event, an event implicitly referred to in the grand ritual flick Gravity. It will be the 48th anniversary (4-24==46 or 48). It will also be the 46th anniversary of the release of the ritual flick, If It’s Tuesday it must be Belgium.
46 also works as the Tebow 316 and 4-24 is both 3 month16days from the Tebow 316 day of 1-8 but also 3years106days from the 2012 version. It also works as the Miami Thrice 136 number and we had the unveiling of it on Friday 7-9-2010 or 250 weeks from tomorrow. Coincidentally, Tebow was signed this week by the Philadelphia Eagles after a near 2 year hiatus from pro football. His teammate under mentor/handler/current coach of NCAA champ Ohio St, Urban Meyer and former Patriot, Aaron Hernandez was convicted earlier in the week for murder in a highly publicized trial.
Then we have a special meeting between German chancellor Merkel and the Greek pm on the 24th that is going largely unnoticed as the SP and Nasdaq put in double tops/ new highs today in the midst of tech stock euphoria.
Will the Germans go “NEIN” and announce “Das ist MEIN LAND” to the Greeks???? In the Rammstein video for Mein Land, the Sucamore Beach episodes of 1964 and 2012 are separated by a 48 year period.
46 also 10 or 24 but 12 is absent.
But Quetzi will be returning to the area of the grand reunion starting tomorrow which also appeared to be the case on another memorable Friday 144 weeks ago.
Well, got the early move down but it didn’t stick. The bulls won’t give up it seems until they get a new high. I suspect we’ll see it today or Thursday at this point as they have worked off enough of the overbought conditions to turn the charts back up.
The 60min and 2hr chart want to rollover here on the ES Futures and take down the SPX and SPY with it but the 4hr wants to push up to the double top range before giving up the bull ship. This down move will likely be reversed once the selling pressure lets up a little here soon. Then I do think we’ll see another squeeze higher before rolling over for real.
Tuesday update: Still more room to go up on the 4hr ES Chart, but not much. Could top today if they squeeze on up to new highs and take out all the bears that are short with stops above the recent highs.
I don’t know if that will happen today or if they decide to pull back a little first and run it up there on Wednesday or Thursday? They are so close right now that I suspect they will attempt it today. The charts will be too overbought in another day or two, so I’m holding firm and not looking for any short until they double top the ES (2110) and pierce it a few points to take out the bears.
While today is Friday and they usually keep the market up on Fridays the charts tell me we could rollover today. Naturally that can be (and commonly is) manipulated, but if they aren’t then we could drop to that 2085 area by Monday according the chart setup. Possibly one more wave up early today and then down? Don’t know but charts suggest a move down… whether Ms. Yellen allows it or not isn’t known?
The 2225-2230 SPX would be ideal, but sometimes they don’t give you what you want? So if they just double top today from yesterdays’ high and then rollover we should expect it to end by Monday morning I think (or sooner?). Then some chop until the FOMC meeting on Wednesday of next week to hear Yellen say the same thing she said in the last meeting. At that point we’ll see if “Sell in May and go away” is allowed to work or not?
Tomorrow, 4-24 will be the anniversary of the Soyuz 1 event, an event implicitly referred to in the grand ritual flick Gravity. It will be the 48th anniversary (4-24==46 or 48). It will also be the 46th anniversary of the release of the ritual flick, If It’s Tuesday it must be Belgium.
46 also works as the Tebow 316 and 4-24 is both 3 month16days from the Tebow 316 day of 1-8 but also 3years106days from the 2012 version. It also works as the Miami Thrice 136 number and we had the unveiling of it on Friday 7-9-2010 or 250 weeks from tomorrow. Coincidentally, Tebow was signed this week by the Philadelphia Eagles after a near 2 year hiatus from pro football. His teammate under mentor/handler/current coach of NCAA champ Ohio St, Urban Meyer and former Patriot, Aaron Hernandez was convicted earlier in the week for murder in a highly publicized trial.
Then we have a special meeting between German chancellor Merkel and the Greek pm on the 24th that is going largely unnoticed as the SP and Nasdaq put in double tops/ new highs today in the midst of tech stock euphoria.
Will the Germans go “NEIN” and announce “Das ist MEIN LAND” to the Greeks???? In the Rammstein video for Mein Land, the Sucamore Beach episodes of 1964 and 2012 are separated by a 48 year period.
46 also 10 or 24 but 12 is absent.
But Quetzi will be returning to the area of the grand reunion starting tomorrow which also appeared to be the case on another memorable Friday 144 weeks ago.
Well, got the early move down but it didn’t stick. The bulls won’t give up it seems until they get a new high. I suspect we’ll see it today or Thursday at this point as they have worked off enough of the overbought conditions to turn the charts back up.
ES Futures Update: http://screencast.com/t/wmAB6zeLII
ES Futures Update: http://screencast.com/t/TYNexNQE
IWM Update: http://screencast.com/t/f8gTlMQc5jA
Topping tails everywhere. The market wants to rollover but it’s being held up.
The 60min and 2hr chart want to rollover here on the ES Futures and take down the SPX and SPY with it but the 4hr wants to push up to the double top range before giving up the bull ship. This down move will likely be reversed once the selling pressure lets up a little here soon. Then I do think we’ll see another squeeze higher before rolling over for real.
Tuesday update: Still more room to go up on the 4hr ES Chart, but not much. Could top today if they squeeze on up to new highs and take out all the bears that are short with stops above the recent highs.
I don’t know if that will happen today or if they decide to pull back a little first and run it up there on Wednesday or Thursday? They are so close right now that I suspect they will attempt it today. The charts will be too overbought in another day or two, so I’m holding firm and not looking for any short until they double top the ES (2110) and pierce it a few points to take out the bears.
Very funny… I forgotten about that seen in the end from the movie with Matt Damon. So true.