Refer to Argentinian default back in 2001 to see what kind of consequence bond and currency melt down might have on the equities. Truly scary...
Probably means a little buying action again will easily pop this thing up another 5 points. :D
ES does have 3 peaks since late March connecting to form a TL resistance while SPX still seems to have a breathing room for 7 or so more points....
It's possible we stay in the top 4 pt range for the rest of today and the impulsive direction gets resolved tomorrow (so buy 80 sell 84, the...
Hmm. . .acting very exhausted in this area so far.
If today shapes up to be a trend day (so far it does, with volume concentrated near the high, advance/decline well above 1000 and Trin & VIX both...
Hmm. . .that darn trin just won't go below 1. Wonder what's up.
Case against: Advance/decline isn't really having a follow through like the price and trin has been above 1 for the last two days contrary to...
Incredible. Do you guys think this thing has enough fuel to reach high 70s today with shorts getting caught looking for a correlation to the...
That's what I thought too initially along with H&S but ES is acting like it wants a short squeeze to close. . .but to where? 65? 70?
Hmm. . .lower low seems unlikely now, but how much higher would it go?
www.dail*****.co.uk/news/worldnews/article-1260975/BREAKING-NEWS-South-Korean-ship-100-board-sinking-torpedo-attack-North-Korea.html#comments[/url]...
Looks like a H&S with higher lows that will be resolved to the upside first and then fail (due to some heavy resistance 10 pts above us) imo :D.
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