Poll Your Thoughts On Next Week Market Direction

SPY Next Week

  • Bullish

    Votes: 25 42.4%
  • Flat

    Votes: 10 16.9%
  • Bearish

    Votes: 17 28.8%
  • I prefer not to say

    Votes: 7 11.9%

  • Total voters
    59
Quote from upandcomer:

This morning I sold everything I bought last Monday. Glad to see the consensus on ET is that this will be a bullish week.... thanks for reassuring I made the correct decision.

...buyer toward the end of this week or early next

I agree. My personal opinion is Friday will be the worst; uncertainty keeps ratcheting up (Greece, no Spain! no, Britain! ...back to Greece, and behind it all the possible freezing of the entire European banking system), and I have a feeling no one is going to want to hold into the weekend. Which likely means there will be some nice pickins late Friday, maybe bleeding into early Monday.
 
Quote from Ivanovich:

Looks like you might be right! Though whenever I see volume this light, the algos win it.

It does feel like I was selling a OTM call by averaging up...Even after the trade, I am not sure if I did right...
 
1. Yesterday's soup giving you problems? Keep them tight, and as last resort underwear would get discolored?:D


2. Any news to be released this PM, or any news held to run this afternoon?
 
Quote from tradingjournals:

1. Yesterday's soup giving you problems? Keep them tight, and as last resort underwear would get discolored?:D


2. Any news to be released this PM, or any news held to run this afternoon?

Too many bears caught in headlights right now.
 
Quote from noddyboy:

Too many bears caught in headlights right now.

I agree with you!

I just sold EUR, and this damn thing does not want to fall. Bears who shorted over last week or so might be covering.
 
Quote from shortie:

maybe it is just me but there is something strange about a triple bottom. even when i see one i have hard time believing it is real.

attachment.php

LOL!

Is that not a double bottom? Where do you see the third bottom? Was it lost in the flash crash?
 
Quote from tradingjournals:

LOL!

Is that not a double bottom? Where do you see the third bottom? Was it lost in the flash crash?

3 buns = 3 bottoms

Rennick Out :cool:
 
Quote from tradingjournals:

1:39PM (June 15): sellers between current level and 0.5% above current level?

Market just hit the upper level at 3:40PM. Now let us see what they will do to the buyers. Now that smart sellers are reached, does it have fuel for a retreat? We shall now tomorrow and the rest of the week.
 
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