ddd wrote:The questions to be asked is at what point, if this grinding up rally continues, a short squeeze will be triggered. /ES 1189? We are getting close.
120 SPY
There about.
I don't think we are going to get there today, with the hurricane weekend looming ahead. But given the reaction to the non-QE3 speech, the short to intermediate term lows could have been behind, pending one more confirmation (higher swing low). Will not chasing this rally and adding long positions at this point, waiting for a pull back.
multiple supports around here, let's see. I still think more up ahead.
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Taking a rest from my workout and ckecking my 1 min line chart it looks like the rounded top could form a dome effect. If it forms then we will test the days low.But ,But and but again these domes usually fail.I find if they make to the 50% mark they have a 70% chance.Something to watch.Now back to work out.
Staying in the forming triangle. Bulls expending a lot of firepower into the weekend. Hope we hit 119, so I can go short again. (Morning shorts got stopped out, dang it.)
WARNING: 130+ mph hurricane forecast to make landfall nearby NC nuke plant that’s only “built to withstand winds of 128 mph” — Could be a “once-in-50-year” event for Northeast
Cobra wrote:another rest here, should be, then more on the upside.
bulls seems to be stronger now!
don't underestimate the power of Cobra side, I said rest, it will rest...
Good call, Cobra. Please make it higher and higher, thanks.
your wish is granted.
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ddd wrote:The questions to be asked is at what point, if this grinding up rally continues, a short squeeze will be triggered. /ES 1189? We are getting close.
120 SPY
There about.
I don't think we are going to get there today, with the hurricane weekend looming ahead. But given the reaction to the non-QE3 speech, the short to intermediate term lows could have been behind, pending one more confirmation (higher swing low). Will not chasing this rally and adding long positions at this point, waiting for a pull back.
at the moment short term trend is up, I would buy the Dip also, but the selling yesterday telling me that new recent high 120ish is needed to break out and confirm the further move, if not the counter trending trading is as good. that's just my thinking.
My comments are for entertainment/educational purpose only. NOT a trade advice.
lunch time, will be back. I see Rectangle or Bull Flag here, so will continue higher.
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bottom chart is DBV, this chart tells me that liquidity is good, lots of cash out there which should favor bulls, I got spank last time with this gauge once so not to be totally trusted but good indication for carry trade.
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My comments are for entertainment/educational purpose only. NOT a trade advice.