The Down Move Has Started

today, we need to close around 930 in order to get the continuation tomorrow,

 

And because of that, we're likely to see that mysterious end of day pop.

 

yeah, markets just don't drop the way they used to. good old days of the fall 2008!

 

This market is heading lower. I don't know why it takes them so long to realize that.

 

Because average Joe has recently read that the market is doing well. So he is back in the market.

The traders start things first. Give them few days so they can see red in their accounts on long side, and then they will reverse positions, and get used to shorting again.

 

The VIX looks like it is bottoming out as well, so I'm loading up for the short side.

 

Notice how the end of day made some people feel very bullish.

I find it actually bearish. Will explain it when I have the facts--probably tomorrow.

 

I found it actually neutral. At least til the week's end. Good time to short straddles.

 

right now they are looking for the most populated stop order area. if they are piled up over 950, ( like mine is ) it will go to that direction.

 

You guys are quite intent of standing in front of the speeding train, aren't you?