Is to see us bust through the bottom of the box in the next 3 days... with a vengeance. I honestly have not even looked at anything in the last 2 days but that would be amazing if it did. Get that guy who can't spell and that something Monday guy out of here who have no clue what they are doing. If we punch through, expect 4 to show up very quick. QQQ I am looking to see if we can get a similar situation. Note, I will look for a little bounce there on both.
Shooting from the hip sort of say on this... I am not doing my due diligence before posting so take this with a grain of salt.
Shooting from the hip sort of say on this... I am not doing my due diligence before posting so take this with a grain of salt.
Comment:
QQQ will be hitting 311 this week, I don't post most of my charts, can't have you guys making to much money, lol.. teasing. But I would not be buying a thing after hours. Its coming down, the question is do we hold that tomorrow, go sideways, bounce.. if we go sideways, buckle up for a melt off in the next day or two to follow.
Comment:
I hope you guys didn't go "buying the dip" I am still short. I think there is a good chance for the buy the dippers to get wrecked. Still long oil, still short the market. Unless I wake up and see something bullish happened overnight on the charts, I remain short.
Comment:
Just going to post this up here...
Bullish cases,
1) futures did hit a spot on the chart that it holds or if not, a major melt off.
2) There is some bullish divergence on the smaller time frames
3) The spot while it did not hit the spot, it did hit a obstacle that could cause a bounce...
Bearish case:
We did not come as low as I am looking for. A few other things as well...
See what futures shows us.. and even with that, if Microsoft beat and is going to "save the market" Amzn probably will tank to "crash the market". Or FB or Apple.
Expect some craziness. Do I think we come lower than today in the next couple of days, yes I do but I can see both arguments. Put a stop in place. Lets see what futures does overnight... any bullish setups that may develop and what they tell us.
Bullish cases,
1) futures did hit a spot on the chart that it holds or if not, a major melt off.
2) There is some bullish divergence on the smaller time frames
3) The spot while it did not hit the spot, it did hit a obstacle that could cause a bounce...
Bearish case:
We did not come as low as I am looking for. A few other things as well...
See what futures shows us.. and even with that, if Microsoft beat and is going to "save the market" Amzn probably will tank to "crash the market". Or FB or Apple.
Expect some craziness. Do I think we come lower than today in the next couple of days, yes I do but I can see both arguments. Put a stop in place. Lets see what futures does overnight... any bullish setups that may develop and what they tell us.