There are 4 gaps since SPX made a bottom in 2/11/16. These gaps occur during overnight futures pits and handed to us at open. Instead of down gaps these upper gaps. Oh what a way to bring the market up institutionally ! Here is a video please watch with major stocks making a comeback. The […]
This action indicative of a bottom. After selling off for month and half long can this go on? Sell each bounce and than go back home flat is the theme. So lets see if this SPX bounce to 1900 gets shorted again. Its been a horrific year so far, just don’t forget.
Setting another low once again after a brief run up which actually formed a bear flag is typical outcome. This happened before on August 24 2015 and a double dip hammered longs into submission. The same pattern is repeating here with more viciousness. The VIX is up to 25 area and still below 30. All […]
Market gyrations and bears growling. Its been all this year that the market has lost ground and made a lows down to 1800 , having recovered 50% it slammed again to the downside today and looked like the downward trend will continue. As long we stay above 1900 here market would either be sideways or […]