I am looking for a lower low to be seen. I literally have spent all about 3 minutes plotting out some tickers and zero time on SPY since I looked on Friday but alerts are set.. if we come down for that lower low into the 70s I would be bullish from there just for a small bounce. If we gap up or move on up Monday into Tuesday I am not seeing things getting much passed 4 at all and then coming down.
Thats about it. Its a week before memorial day and still tons to do around the house to get it ready for summer still and temps are in the 80s on the island and its absolutely beautiful out so getting things down around here and then being on the water is where I enjoy life so I do not expect to be watching the market much at all this week. Alerts are set and I do have some limit covers in place and some limit buys with time expirations and some alerts.
Lets see how this week goes but I am looking to be in the 70s without question this week. Remember, the market still has a big drop coming, the only question is do we continue the controlled sell off or do we just start melting. I have a theory we may start melting off into July but that's all it is at this point, a theory. No sign that will happen still and until we see signs of that I have to go with the controlled sell off continues. Good luck guys!
Thats about it. Its a week before memorial day and still tons to do around the house to get it ready for summer still and temps are in the 80s on the island and its absolutely beautiful out so getting things down around here and then being on the water is where I enjoy life so I do not expect to be watching the market much at all this week. Alerts are set and I do have some limit covers in place and some limit buys with time expirations and some alerts.
Lets see how this week goes but I am looking to be in the 70s without question this week. Remember, the market still has a big drop coming, the only question is do we continue the controlled sell off or do we just start melting. I have a theory we may start melting off into July but that's all it is at this point, a theory. No sign that will happen still and until we see signs of that I have to go with the controlled sell off continues. Good luck guys!
Comment:
Nothing has changed guys... I am doing exactly what I said I was doing. If you cant see the setup developing, time to hit the books. I will throw some charts out there every now and then that are distorted just to see who copies and who knows what they are doing and its funny, I do see people copying. My plan is sincere though and I am doing just what I said. I do expect some more upside just like the plan says...
Comment:
As some have said, the stock market is closing. It's going to zero. Liquidation sale. No returns accepted.