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Gap up along the Friday's high, so not sure if the gap will be filled or not.
The Global ES looks good as I see an Ascending Triangle in the forming, so we're more likely to see a breakout on the upside, hopefully today. The breakout has to be decisive though otherwise it's still "2 legged up and 3 push up on the 2nd leg up indicating the lose of up momentum". So let's see. May the force be with bulls!
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Looks more like a bear flag or some sort of wedge to me, but I'll stay neutral now, which I think is wise. No sense shorting here, when we all know that if 1290 breaks? things get ugly.
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Petsamo wrote:Something bad must have happened in Spain. EWP is down big
85 billions needed for banks and districts ... 2 times more than expected 2 weeks ago !
More, Catalonia (the richest land of spain) needs the help of the Spain State as they have no more access to markets due to their colossal debt...
Petsamo wrote:Something bad must have happened in Spain. EWP is down big
85 billions needed for banks and districts ... 2 times more than expected 2 weeks ago !
More, Catalonia (the richest land of spain) needs the help of the Spain State as they have no more access to markets due to their colossal debt...
Market Neutral.
Still watching the Dow.
It has only made one push down from the high and is doing some corrective bear flagging.
Looking for a second push down to get to a bottom.
Problem is that that seems too pat.
So, the market ought to do something to make things more confusing...
we have the OR, let's see in which direction it breaks out first.
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well, hopefully it's a valid breakout. target SPY 133.92 or ES 1334.00. Only 60% chances.
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