I see that shaded area worked out pretty well. What a surprise. So here’s my next advice. By 1pm EST this heads down and probably does not see over 95 before doing so. My attention turns to the days ahead and I see some really great plays coming up. I’ll probably post them later or over the weekend. One or two of them atleast.
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Even short term... there is more to come and long term, a lot more to come. So careful........ you were warned.
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Before you guys get all excited going long, something big happened today. Something very big. Keep an eye out for those bear pennants showing up :) That's all I am saying.
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Well that sucks.. we marched up but makes sense we would get to the 388s. I just would like to see a close below 388.00 Next week is very clear and defined.
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A close below 388.19 would be ideal :)
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I didnt get the close I wanted but have no fear, the next leg down shows up next week. Count on it. Don't be foolishly bullish thinking you are heading to the 420s or 430 level or whatever one may think.
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70s showing up next week both for SPY and the Qs.... just realize that. If you are long, have your stops in place. If you are short, I would not panic. If you are on the sidelines be patient.
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A wild move coming next week. I am certainly looking to play Square next week, they may consider changing their name to zero.
