NASDOG - Double BEARISH TRIPLE THREES, failing threes - daily chart!
DOW - bearish triple three close Friday, first since MARCH LOWS!!!!! and add this to the fact we could not rally above the bearish candle from last FRIDAY, five days to try and the scums FAILED!!!!! Daily chart!
SPX - again five days and failed to take out last Fridays bearish candle! Least bearish of three charts so watch this one close early next week. They have to take out 1012 to keep this bear rally alive.
FAILURES WRITTEN ALL OVER THIS WEEKS CHARTS>..........
All technicals show this is still a BEAR MARKET RALLY, period and end of sentence........and we are right at KEY FAILURE POINTS.
We should see a retest of the channel break on the SPX just under 900 - so a bear fall could occur in next few weeks of 100 SPX points. This is how it should play out, lets watch.....(in this day of FED liquidity insanity, take it day by day) my new mantra I will never again be a bear nor a bull - I am neutral and open to any possiblity.....traders must learn and grow, daily, weekly and FOR LIFE.
Learn from the past, take notes and forget it fast.........
Blown calls will occur, stops protect thee, however you have to read your data and have the balls to take action. If you win or lose - it is all part of the trading game and you only look forward to the NEXT TRADE.......
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