June 4, 2009: 1:37PM (ET). Wearing my shorts between 36.74 up to 36.84 (if it ever gets there to 36.84). Qs are now at 36.74. What do you think delta crappers?
Commercials are already loaded up with short positions in futures.......low volume day today as it looks like most will wait for "numbers" in the early a.m. tomorrow. It would be smart to be up early and ready to play in the morning (drink your coffee early)......there is going to be some serious action after the news release imo.....:eek: EU market tonight we will have to see how the EU players bet just ahead of our US numbers tomorrow. We have a confluence of events here.......commercials loaded up short (in futures), market near its high from a multi month run off yearly lows, and all going into a Friday with important numbers released in the early a.m. pre-cash session. ........so hang on to those lawn chairs!
Here is a daily of spy, I haven't been following it too closely lately. Anyhow what concerns me is that this is starting to look like a massive inverse head and shoulders pattern, a drop to 850 would make a great right shoulder, maybe a pop tomorrow on the news and then a grind down. I think 860 es will be tested again, can't say when. thanks for the MP charts guys, keep them coming.
Yeah, but you seem to to be in synch and dare I say, maybe even beating them at their game . . . Then again it's become your game too . . . You've found your game . . . it must be incredibly satisfying for you . . .