Gap up, above Friday's range, so the gap may not be filled. Purely from Global ES, it could be a Bull Flag therefore there're good chances the overnight high will be tested at least. The catch I see is NQ is not very excited.
Institutional actions from stcoktiming.
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amalgamator wrote:Hello all, my current offerings:
OK:
Moon.gif
Well:
puetz windows.gif
But:
2may16.GIF
Thanks. very quiet today, sign of bears giving up?
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The NYSI is at 672.36 and will start to roll over at 700 +/- if it follows the same path as it has been for the last 1 3/4 yr.Also the NYMO is very high.The pull back look very very close.
KENA wrote:The NYSI is at 672.36 and will start to roll over at 700 +/- if it follows the same path as it has been for the last 1 3/4 yr.Also the NYMO is very high.The pull back look very very close.
Agree on the NYMO being very high. Consistent with short term top/pullback soon.
stocksage wrote:Looks like another Bear fry today.
I won't think so. we'll know in the next couple of hours.
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black bar, so breakdown below the morning low would mean a down trend day. the good news is RSI new high now, so the very first pullback is buy.
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For what it is worth on the NYSI the 200 and 50 day ave.are both at 614.46 with the 200 day crossing up over the 50day. Most of the time this is bearish. Wait and see.
Breakdown in this channel puts GOOG at $150 as it struggles at gap resistance. GOOG at $150 puts the S&P well below 900, possibly at lows beneath March 09.