like I envisioned, they had to let this day to be green.
And it should be at a minimum of o.5% and it is.
They did it even better, they made it red in the morning. This way, the red, highlights/magnifies the feel for the otherwise pitiful green.
If I'm correct (I failed few times, yes, but 70% correctness) then the cycle ahead is at most half as strong as this , if not outright seesaw or correcting.
The secret lies in the directional percentage move from today. It's a long story.
None of us know for sure not me not the biggest bull or bear, but the algos will run with the numbers at hand.
All the restriction on my charts are removed after today as we came pretty close to upper channel thus recharging the setup to strong bullish once again. While it didn't really touched the upper channel, it did in fact go and close to higher levels than the last distribution phase, and this is good enough.
(Ignore the Dec 2014 BS tick)
Now you have once AGAIN a 100% GUARANTEED profitable trade (big money mind you - you can put the farm! just not all at once, just 1/3, to be able to average the bottom of channel)
For those thinking Greece was a reason I say NO. Greece was not and never will be of any significance. Even if the mighty Germany go down is of no consequence. This is a market run by a matrix with algos and unlimited money supply. The only danger is if those in control of the matrix would turn the money cannon against the bulls (buying shorts) and shoot merciless. The channel enable us to see if or when this could be a problem.
As always, being at the top of the channel brings joy for we can CONFIDENTLY make EASY GUARANTEED PROFITS, but in the same time it tells us that NOW it is in DISTRIBUTION ZONE. This means Longs should be AT MINIMUM sold half if not entirely liquidated. Who likes to ride the correction down?...
IWM looks like a weak dog among wolfs in such a bullish day, and this is not bullish - barely scrapping by a measly green.
I will not be surprised to see a bit more LIMITED upside next week, grinding it or whatever, but IMO the bulls' dance is over for this cycle.
