Last time (Jan 30) one of these popped up with 200 at the end the SPY dropped 4 points over 2.5 trading hours (end of a Friday and beginning of a Monday)
Intraday NYMO at +10.74, right at 10BBand support
VIX bounced off 10 Bollinger, now at 13.79, midway day high-low
TRIN still Bearish at 1.24
NYDEC/NYADV neutral
SPX bounced off 10sma 3-4 times today already, now re-testing it yet again
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well, guess that's it for today. a little little little little bear biased the next Monday, also nowadays the 1st trading day of month is no longer bull friendly. thank you guys, I'll see you in another thread soon.
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Back w/ a thought. I can't ever believe adversarial moves are coincidental after Federal Reserve testimony. Inflation infections through Uncle Buck's spread through the world has resulted in a vote of no confidence. Monetary policy hasn't sat up straight since the decision to use puts on treasuries dreamed up by Koz under Greenspan a dozen years ago. Zirp is a fail, we should have let the banksters burn down at Lehman so we could have honest price discovery today instead of passing debt that can never be repaid on to our grandchildren. Read the through the FOMC meeting minutes from June 24-25 2003. It will turn your stomach how manipulative and self serving these brilliant idiots are. Buying politicians and enforcing the carry trade with war must stop. The market is overpriced and 500 trillion in derivatives make a choke point for an orderly exit. Hold long term now at your own risk. Day trade w/ Cobra, be the swift, not the dead.
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Goodweekend to all.
‘the petrodollar is our currency and our problem’....Gappy