3309 Drysdale Ct
Edwardsville, IL 62025
How much higher would the S&P need to go on the weekly to
basically negate the possibility of the giant inverse H&S with
the head at Dec 24 ?
At this pace we'll be making new all time highs in a couple
What do make of the COST run up at the eod yesterday ?
Month end window dressing or short sqeeze ?
My hope is that tomorrow('s close) surely exceeds (later in the
Fried expiration Day) the weekly advance to the 61.8 fib. I
will go (at least) 80 percent short on my long terms in this
scenario. I'd be surprised if it didn't which could only mean
a huge sucker rally next week. Steer clear of the news.
So many stocks in the same sectors are at odds with each
other, I read this as volatility that no one is measuring.
Please let us know if the channels break to the downside.
I don't have realtime monitoring. Thanks!
Where is 9EMA on S&P daily chart ?
Now let's see if it can get back down to 2632 area to fill
Where's the next pivot on the S&P ? At this rate we'll
get to 2700 today...
Gap filled ?
Thanks... I jumped on this! Riding up to 2627 on SnP.
USO spike down
Well that didn't happen but if we giddyup we may be able to make
it green and put some more lipstick on this bull...er pig.
If pattern holds we go down one more time to 2582-2583 and then
rally up...let's c.
Looks like the machines are on the same programs as yesterday.
How low did we go before it recovered and ended up ?
Would love to see it chop lower into late afternoon followed by
a big pop to close at 2630. That would be a spectacular
setup... alas we'll probably just chop in the rectangular box that
Steve drew and have to keep guessing over the weekend.
Been getting grinded in the chop. It seems to me we
continue to chop and retest this 2590-2600 resistance.
After a few retests (which I think we've now had over the
past few days) we should break through up to the 61.8 retrace
around 2630 since so many of the moves in the past few months have
gone to the 61.8 ... and no one seems to care that earnings are
going to miss... retail already missed, aaple cutting prices, list
Exited my longs at 2575 (Including NFLX which was awesome-Thank
you!). Also took a short on the SPY and BA at the same time.
This SPY pattern was exactly the 2nd dotted line that Steve
had mapped out so far ... I'm hoping we turn red today in lieu of
turn around Tuesday and then we may chop a little higher through
the week. If we do turn red, what is a good support range on
the S&P on the daily ?
Please let us know how they look in a couple hours, could shape
what we see into the year end.
Thanks - good target.. if not today, maybe tomorrow.
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