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i will be scaling out...1.60, and 2.05
happy that spy closed below 110.4...going to be a very fun week next week!!!!!
spy backtested the rolling over hourly 89sma...with a flat 13sma and macd still well below the zero line...daily, lower high, lower low...all together now, it's a down trend!
111.30 next target to the upside for spy...
added at .66, average .72
1040 will be tested. stopping points along the way 1074, 1055.
not a high likelihood of making a new high (1124), but it is possible to get everyone on the wrong side of this market.
30yr bonds have a break out today...this market is disjointed right now, and will continue to girate in this chop fashion...but i firmly believe that the energy is down.
could pop some more...will be adding if it does...110.88 possible
back in now at .80
alrighty, must be time to get long bears
exactly.
every single put option i watch doubled from yesterdays low to todays highs...
2-bit, 105's are what i am watching now...that is not that far out of the money...
there was movement yesterday, lot's of time left before expiration, and i had no intention holding them longer than this morning! fast 1500$
market preparing for a big move here!
i was in 100 spy puts, sold at open with a 50% gain...waiting for this bull to run out of steam to get into some 105's
yawn!
could be...bonds just made a higher high...make sure you do not get greedy on the trade...get out while the market is going in the direction of your puts...you can always get back in on a bounce.
if you haven't noticed yet, the indices are not moving in tandem. so your conclusion is not exactly true...but yes the market as a whole would be up. in any case, is your break point still 497?
should be interesting...who knows what will happen with gdp, and all the revisions that they will give us. futures are down now, so we might be way oversold at the open, and the gap down will be bought up. should be fun!
unless we close above 1131 tmw, we have a lower high and lower low on the monthly with the macd histogram making another lower bar...the weekly met resistance at the 21sma at 112.5 and 34sma at 111.87. the 13sma acted as support, but, it is still pointing straight down. and please take note aswell of the bear flag on the weekly, may also be called a bearish rising wedge, the bottom of that wedge contained the market today.
market needs an explosive up day tomorrow for any chance of further rally. with todays close, down should be favored. a close below 109.05 would seal the markets fate to lower prices. enjoy the show!
Here's what the planets suggest for tmw...
Friday, July 30
Tensions are at a maximum and tempers may flare as red-hot Mars opposes electric Uranus. The Moon enters irrepressible Aries at 4:41 pm EDT, forcing emotions closer to the surface. Maintaining the status quo is not an option because the Moon conjuncts volatile Uranus and indulgent Jupiter, opposes impulsive Mars and compulsive Saturn, and squares obsessive Pluto. Resistance to change isn’t futile but will surely heighten our frustrations along the way.
closed below yesterdays low...usually does not spell anything good for higher prices...
a break of that 110.38 level will be met with more selling.
you've already made 4 round trips in the last 5 days?
what calls are you holding?
110.68 might be the re-entry point for more down...above the 110.22 that would be my next target.
wow...thought you would have changed your mind by now...what is your line in the sand?
when crude decides to give up, spy will sell off to catch up with the q's...copper is an up trend, and the bonds made a higher low, and higher high today. dollar down...the cute market correlations are not playing out as usuall...which is typical with jupiter in the picture...i warned people about the astro effects on the market for the coming weeks...i hope that people take it seriously...we could see 950 spx very quickly.
i don't look for a cross to short...i look for a backtest after the cross...i took a short at the failure of the 13sma to hold...that and many other factors...when they cross over, we typically see prices rise back up and test the 13 sma, then the 89sma as it flattens out...then, if the market is weak enough a new down will commence and the 89 will start to trend down
all time frames...obviously the higher the time frame the more weight i put on it.
you made my day! thank you... let's make some more!
not sure what you trade, but, spy hourly suggests that we will need to come back up and retrace...still have a rising 89sma, and the 13sma has not yet crossed the 89sma...so this would be a good first push lower...i am waiting for a backtest of the 89sma to get back into some puts. then will be looking for that 107-107.50 level.
woohoo! you're green!
thank you...got out of my puts for now...109.38 is the daily 13sma. a pause here would not be unexpected. could make it all the way back up to 112 if they chose to. so will wait for the next short.
http://thepatternsite.com/EveningStar.html
looks like a reversal pattern to me.
might not get the big slide this week, but 109.5 and 107.50 is not out of reach
probably get a pop tmw...asian markets get a bid, and take us higher...looking for a lower high, and maybe just maybe the gdp will allow the market to sell off...being the last day of the month, manipulation might be higher than usuall, so anything is possible though.
who caught those spikes on the 1min chart spy...110.8 and 110.93...got to love this game!
its not really a prediction...
the webbot project is like reading headlines of future events in the present time...exact timing and location is tricky for this time machine, but...they accurately saw the headlines of a "change in fortune" for the may 6th drop...and the headlines of relief on july 11th when the oil well was "capped"...they are also seeing a derivative issue in the next week or so that will send this market down down down. just another thing i like to pay attention to, to get in on a major move prior to it happening.
chances are in the next week.
http://halfpasthuman.com/
what is your average?
5.0 today off the coast of oregon...might be a warning for bigger one coming sometime in the next week...
1156.25 will cause my diaper to be dirty...
look at oil...it took at out the 13 and 89sma on the daily chart...reversal outside day down on high volume...
if oil lead the rally up like 2-bit suggested, then, this might be another sign of it ending...