Snap up fail drop test 260, but watch these banks, markets wants lower. Have a hedge on IMHO But when market opens I loose my opion so I dont loose my money.
Here we are again 282 area. Who would of believed weeks ago crazy We are at major I mean major Resistance and banks are weak. I can see pull back 274 200 day possible.
We are nearing 280 major Resistance, can we get their yes how banks, but I also took some insurance and shorted GS why its the weakest, and I am long TVIX . Just follow that weekly stoch it will tell us when drops coming
I believe we go higher why plain manipulation they don't want market to fall , so we may doji up everyday little by little low vol. Banks are weak we need then get going we need some story. Once we get above 200 day MA at 274 hold few days we good.
Banks weak higher interest rates still their all this was is short covering rally. We can test 233 again and break
Their next target is 274 the 200 day MA Banks will push spy 274 and possibly higher 280 yes 280 How is that possibly. HMM let see we don't get a rumor on rate cuts and they start stock buy backs this week watch SPY needs hold 267.
We need Fed come out with some story and we can POP UP. Trend is Ur Fiend. Weeklies stoch say.
Sideways action till we get another story 270 my target still.
I believe we are heading for a relief rally to 270-275 then stop and head for news lows, if they raise rates, if the do QE we can really go POSSIBLY
We hold during election so they try test top again 293.94 IMO. We should continue to be concerened with IWM SMH XLF breaking down. I am long SPY C shrt IWM GS. C is just shrt covering rally trade.
I am watching IWM XLF they are weak
Banks are leading us up IWM SMH weak we get those rally we can test 286 this week if not we get darn close. Banks fall apart here game over.
Banks and SMH are weakening IWM on its own why strong dollar, but that about come to end. So I am long SPY hedged with TVIX.
Can we break out next week SPY IWM ,not sure banks real weak XLF. Sold 3/4 long position on this rally
IWM setting tone for market do we test 275 again yes
Not enough vol to break out rally will not be substainable Hedge longs