Market sold off from 1:30 to 2:45PM EST.
That sets up a BULLISH close.
Finally the pm rallies are over !!!
- Thread starter Optionpro007
- Start date
Market sold off from 1:30 to 2:45PM EST.
That sets up a BULLISH close.
If I am right, what you are saying "was" correct before yesterday....
If the market is indeed in a downtrend, then it should get torn apart tomorrow . . .
A rather easy set-up.
Todays high at 1225.63 is your stop, or you can use a tighter one at 1224.00 which was the high around 3:15PM.
Good Luck to All.
A rather easy set-up.
Todays high at 1225.63 is your stop, or you can use a tighter one at 1224.00 which was the high around 3:15PM.
Good Luck to All.
Much of this is probably options related as people square up positions...
Just my $.02 but I would be surprised if we saw sizable directional motion before Monday
hedgies pulled big oil profits today {gained liquidity} and the market ended weak before a thursday ---- eu markets eroding and the nikkei ended slightly down at the end of their session.
institutions 30 ----- hedgies 20
end of the third quarter!
hedgies have the ball at there 20 ---- 4th quarter is ready to begin. 
Today's close is going to be very interesting.
According to the original theory we should have a negative close from here...
According to the original theory we should have a negative close from here...
Is anyone going to buy today, or just stand aside and wait for lower prices.