TraderLady, I guess the USD/EUR game will be decided Tuesday 2:30 am EDT (auction of Spanish 12 and 18 month T-bills). Believe that success or failure of this auction will determine what SPX move tomorrow too.
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update, no comments. I have to leave for about an hour.
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TraderLady, I guess the USD/EUR game will be decided Tuesday 2:30 am EDT (auction of Spanish 12 and 18 month T-bills). Believe that success or failure of this auction will determine what SPX move tomorrow too.
Agree with you. There are two turn dates this week Monday or Tuesday and Thursday... I thought maybe we would turn down today or tomorrow until Thursday, but that may not be the case, I guess this is the deciding factor...
Currencies make the market look bearish to me, but if you look at treasuries, this could be formidable resistance, but it doesnt mean we can't break through this resistance..??? tomorrow is the deciding factor...
I always thought market would break down very hard once Apple starts to to break down, but I was wrong and today I learn how big boys in this market manage everything.
I am watching the down trendline that connects the high of 4/2 and 4/13. inability to break above this line this week means a hard break down, but first lets see how big boys would test this trendlineh
BullBear52x wrote:This is a good gap down set up. I can smell it.
bulls look pretty good here.......retesting the breakout now. green close? higher low in place? low risk long overnight with a stop at today's low? plenty of traders will take that risk/reward.
BullBear52x wrote:This is a good gap down set up. I can smell it.
bulls look pretty good here.......retesting the breakout now. green close? higher low in place? low risk long overnight with a stop at today's low? plenty of traders will take that risk/reward.
daily are showing a bear flag. I got after noon update on my blog.
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My comments are for entertainment/educational purpose only. NOT a trade advice.