Hi Cobra, do you think today is more likely as what you said "...the market pullback at open, then the pullback is buyable..." in your yesterday's Market Outlook "
StrikePrice wrote:Bulls really want to punch this in the End Zone and the defense is looking tired. Damn.
What's your endzone?
1,200
Yes, my Fibs are pointing to 1200.30... But I don't like this kind of market, some bigs are in control and it's difficult to check if they are unloading or if they are targeting a break of 1212..
Yeah...keeps hanging on to the 2-4 trendline. I guess we could count waves such that 1,182 was the end of Wave 4 and that puts a wave 5 target at 1210 where 5=1. I wouldn't be surprised if the market doesn't show it's hand until tomorrow looking for a piece of news to either sell or buy. The Triangle we all see fits nicely for a Wave 4.
Pending of the FOMC, the tend is bullish to around 1122 SPX, if the news is good or leastwise not bad. If the news is bad, expect a pull back to around SPX 1141
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Dark_Pool wrote:Pending of the FOMC, the tend is bullish to around 1122 SPX, if the news is good or leastwise not bad. If the news is bad, expect a pull back to around SPX 1141
Thanks, it should be interesting to see way this consolidation breaks.
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"
holy crude. just touched the daily long term resistance of 86.64. wow. what a move... a clean break of 86.64 and we are out of the descending channel and off to the moon.