Starting at around 1:30PM June 10, the market will NOT go up. It is would go down (most likely) or flat at best. Short the bounces.
A wise trader will buy this current dip. This counter-trend will be maxing out in the next 20 minutes, which should prove to be the low of the afternoon, and ultimate entry point to GO LONG YE FOOLS!!! So it has been foretold.... Rennick out
RFT's call was made with the trend barely broken. . .but what is funny is his self-initiated competition with the "BALL" - which has been right more times than it has been wrong. . .so there you go. That being said - at this juncture - you may need some oversized cajones to "buy the dips". But the "BALL" has proven my intuition - that I (try not to) don't trade on - wrong on many occasionspS Let the MIGHTY "BALL" show it's mettle!
S&P went through 50 day MA and 1375 level like hot knife through the butter. next support levels 1325 1260 1150
And they thought the s&p was headed towards new highs.... 1150 and I might become somewhat bullish on this market....