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NYMO around -16, should be very close the the 20BBand, 10BBand still further up; this may be close enough for a reversal.
NYADV at just under 2400, very very high but not extreme, supporting the above condition.
VIX still at 20sma/20BBand midline support.
TRIN a little better at +1.11, volume has slightly picked up.
SPX off of the day's highs, in limbo between support and resistance.
Perfect SPY close 159.5-160 area for stop runs first thing tomorrow. Since they got bears today I would guess that tomorrow's target will be newly emboldened bulls while setting up the larger short squeeze play in the making. GLTA.
joeynickels wrote:Perfect SPY close 159.5-160 area for stop runs first thing tomorrow. Since they got bears today I would guess that tomorrow's target will be newly emboldened bulls while setting up the larger short squeeze play in the making. GLTA.
thats a great perspective, take out some new weak longs thursday a.m. , then squeeze all the shorts thru Jul5-8, then resume bear market....wonder if that jives with TGirl and Uemple's turn dates...
<;)
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