Finally the pm rallies are over !!!

Market sold off from 1:30 to 2:45PM EST.
That sets up a BULLISH close.

 

If I am right, what you are saying "was" correct before yesterday....

 

Nice decline into the close. This market is looking weak.

 

If the market is indeed in a downtrend, then it should get torn apart tomorrow . . .
A rather easy set-up.

Todays high at 1225.63 is your stop, or you can use a tighter one at 1224.00 which was the high around 3:15PM.

Good Luck to All.

 

Much of this is probably options related as people square up positions...

Just my $.02 but I would be surprised if we saw sizable directional motion before Monday

 

hedgies pulled big oil profits today {gained liquidity} and the market ended weak before a thursday ---- eu markets eroding and the nikkei ended slightly down at the end of their session.


institutions 30 ----- hedgies 20


end of the third quarter!

 

Bonds just closed. Let's see if they try to rally stocks here. And let's see if it fails like it has the past two days.

 

hedgies have the ball at there 20 ---- 4th quarter is ready to begin.

 

Today's close is going to be very interesting.

According to the original theory we should have a negative close from here...

 

Is anyone going to buy today, or just stand aside and wait for lower prices.