YUP. IM THINKING ITS TIME TO HAVE SOME INVERSE ETF ORDERS WORKING.
Market Outlook
- Thread starter GrandSupercycle
- Start date
YUP. IM THINKING ITS TIME TO HAVE SOME INVERSE ETF ORDERS WORKING.
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Gold, GLD are nice uptrending , mo, weekly, daily candles.SLV, silver ,short term is bearish; fine long term uptrend.
SPY,DIA,QQQ are so far down below 200day moving averages;
weak counter trend buyers have bought weakly.6 months of candles is bearsh.
SPX closes above 1200, asian markets will rally tonight as well as european markets, US markets should open higher as well tomorrow, how long the rally can last is anyones guess. Right now after 3 straight up days another few up days can still come!
HOWEVER!!!!!!!
Tomorrow there is a major meeting going on with French President Nicolas Sarkozy and German Chancello Angela Merkel. They are going to discuss how to make the euro zone work more effectively amid persistent doubts in the financial markets over Europe's ability to solve its sovereign debt crisis.
Who knows how this will move markets but it should be quite interesting!
HOWEVER!!!!!!!
Tomorrow there is a major meeting going on with French President Nicolas Sarkozy and German Chancello Angela Merkel. They are going to discuss how to make the euro zone work more effectively amid persistent doubts in the financial markets over Europe's ability to solve its sovereign debt crisis.
Who knows how this will move markets but it should be quite interesting!
NOT TO MENTION THE NASDAQ QQQ,QLD,TQQQ DID NOT TRIGGER LONGS TODAY. NASDAQ NOT PARTICIPATING IN THE RALLY PER SE. THE NASDAQ FUTURES THOUGH DID TRIGGER.
Rally time, the market is back to its old ways again.
Yesterday it opened up about 1% higher and just continued higher throughout the day, there wasnt any volatility fast forward to today the market opens down around 1% and trades off its low as if its ready to rally a 4th straight day!
Yesterday it opened up about 1% higher and just continued higher throughout the day, there wasnt any volatility fast forward to today the market opens down around 1% and trades off its low as if its ready to rally a 4th straight day!
YUP LOOKS LIKE IT WANTS TO GIVE IT ANOTHER GO HERE. LETS SEE IF IT HAS LEGS?
Equity index intra day rising wedges look confirmed.
Donât forget equity index daily and weekly charts are bearish so
equity rally is countertrend.
stockmarket618.wordpress.com
Donât forget equity index daily and weekly charts are bearish so
equity rally is countertrend.
stockmarket618.wordpress.com
WE CAME WITHIN 2 TICKS OF TRIGGERING THE EMINI NASDAQ FUTURES SELL SHORT ENTRY.