GOOGL bulls must break above 680, then 682 or else this is a risk 2 for 5 short. Above 682 will be a massive squeeze. Lots of negative divergence.
No failure allowed
GOOGL targets are 685, 687.6 and 690 when it confirms
GOOGL: First try 685 hit. Taking 20% off. Up 50% already, gotta respect rules - no greed since we are at major res. Bull train has no failure allowed. Must be up up and up.
What an odd rally - no sector really leading the charge at all. Internals aren't exactly a screaming buy either. Commodities relatively strong though intraday.
MysteryRally_13OCT15.tiff (182.84 KiB) Viewed 7741 times
Tutti wrote:What an odd rally - no sector really leading the charge at all. Internals aren't exactly a screaming buy either. Commodities relatively strong though intraday.
MysteryRally_13OCT15.tiff
I shorted it and it still looks like a short even though Cobra said no.
Have you ever seen a bull that looks like a bear? That's what I see right now. Going up but looks like it should go down.
Could be an expensive illusion.
Unique wrote:TSLA: Hourly bull bar engulf. 11minutes to close. Preparing for two legged deadcat bounce up
Sticksaved at the 78.6% retracement level, pretty textbook setup...
TSLA targets 1HR 20EMA at 222
TSLA: A few cents from the immediate target 1HR 20EMA 222. Key time here cuz we still think this is a two legged deadcat bounce.
Obviously, lower probability than AMZN and GOOGL bull trains
Tutti wrote:What an odd rally - no sector really leading the charge at all. Internals aren't exactly a screaming buy either. Commodities relatively strong though intraday.
MysteryRally_13OCT15.tiff
I shorted it and it still looks like a short even though Cobra said no.
Have you ever seen a bull that looks like a bear? That's what I see right now. Going up but looks like it should go down.
Could be an expensive illusion.
Feels very squeezy for sure. No news that I have seen, No Rel strong sectors, dollar up, commodities up, indexes up,vix up, someones lying. Spidey senses are tingling
Last edited by Tutti on Tue Oct 13, 2015 10:35 am, edited 1 time in total.
Tutti wrote:What an odd rally - no sector really leading the charge at all. Internals aren't exactly a screaming buy either. Commodities relatively strong though intraday.
MysteryRally_13OCT15.tiff
I shorted it and it still looks like a short even though Cobra said no.
Have you ever seen a bull that looks like a bear? That's what I see right now. Going up but looks like it should go down.
Could be an expensive illusion.
Feels very squeezy for sure. No news that I have seen, No Rel strong sectors, dollar up, commodities up, indexes up,vix up, someones lying. Spidey senses are tingling
Don't look at the VIX, it was down 5% for no reason yesterday..so today green on VIX is just to balance yesterday blunder...
I have to ask if the Black Swan Funds having a payday doesn't have something to do with this. When cnbc and the Wall Street Journal announce that you made a Billion in one day, and it has been a bad year overall for funds, doesn't it make it easier for the big guys to say lets try a little of that action and see how it goes.
A break higher here could be quite significant. Important that SPX stays above MA 377 into the close; a close above weekly MA 75 (at SPX 2025) would be even better for the bulls
vol surge, biggest bar, so should be a pullback here first which likely would be bought.
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