hungry_hippo

SPY Intraday Pennant

AMEX:SPY   SPDR S&P 500 ETF TRUST
Still a lot of dip buyers and accumulation. I think it will break upwards, just a matter of when...
Jan 24
Comment: Futures sagging a bit due to INTC miss, but China and Europe trying to break out. If they do, then they'll pump the krap out of futures and break out SPX as well.

While I'm typing this, Hang Seng hit Dec high, and futures are even with close despite INTC.
Jan 24
Comment: Computerz just jacked SPX futures 7 points in a minute. I don't think it'll hold but we're looking at a 10 pt gap right now. The last time something like this happened, Euro stocks took a dump and futures with it.
Jan 24
Comment: Looking at the 1 minute charts, every index went up at the same time by the same amount that they dropped right after market closed. Tell me that futures aren't being manipulated when 1 firm can jack the whole market by that much within a minute.

Speaking of futures manipulation, 40% drop in oil in less than 3 months? SHows you how over inflated futures prices were.
Jan 25
Comment: Futures up 13 points (shows 20 but there was a 7 pt drop right after close). It's cleared Wed high, so upward break out of the pennant unless the market decides to tank today.

Comments

Yes I agree. Bounce off support at 262 and firmly higher late day. Closed shorts for a tidy gain on the 1pm selloff, let's see how high the pumptards can get it!
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