This is my post from 5/13. Last Friday we saw the weeklies close below 1240. The buyers need to come in fast and come in strong here . Tomorrow will probably be a trend day not sure about the direction though. If it is becomes a strong down day, we'll see the crash. At 9.45 EST if it is above the 1.5 hr. range, I'll go long and if it below the range, I'll go short.
Can you all feel the tension?? The strongest tech stock (GOOG) on the Nasdaq is finally cratering. DELL, INTC, BRCM, etc all crapping big. Along with higher rates, oil, slowing economy, the ingredients are now in for a big tank job, dark days are ahead for equities.
you would already see volume on pace for a record day in QQQQs and the SPYs, and it is not even close.