Every time BAC seems to finally break out and take the XLF with it, the market tends to run in the other direction. This happened in a big way in 2011 I think it was. I'm really interested to see what next week brings. btw that whole jamfest on Ben's speech was just the biggest pile of hft shit I have seen lately. Mindless fucking moves. enjoy the weekend!
Funny you mentioned this as I just got finished doing some homework for next week and I'm hard pressed to find any bullish setups. Out of about 250 stocks I follow it's like 8 out of 10 are showing bearish type patterns on a daily basis. This has happened a few times over the last year and has pooped out but who knows....
Well its just a gut feel for me. plus i havent been watching price action for a month. but still feels like a good time to get out of snp and into USD. Big data next week, gonna be interesting.
Something is up! Don't know what it is but a f^cking is a cuming! It could be the Chinese market hitting lows that all of these funds are quietly selling. I have no clue what it is (a lot of somebodies with a lot of money know something) but it is something BIG.