mike.lawler.969

Tomorrow am should be the top

AMEX:SPY   SPDR S&P 500
44 2 1
I thought 196.5 would be a good place to short..but that is where we closed on Friday.....the ascending triangle , makes it lightly a gap opening on Monday..with a little bit of follow through....197.50 is where I will short if possible.....

I feel that this sell off was the 10% that everyone was looking for, and we spooked out the weak longs....and will be considered the 4th wave...and this is the beginning of the 5th blow off wave....which is a top, that a bull market of this stature requires...I will be bullish as long as we don't drop below 190
I have 1975-1980 on the daily and weekly as well. So far it's been weak this morning and I'm looking for the last pop to get short.
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mike.lawler.969 Justiceisfalse
I was hoping for the gap opening which would have made an excellent trade placement...with low risk......My timing is showing at 11:15 that this should be done.....I can only hop we rally to that time ...as we have just bounce off the low aggressively
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