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JI
jimkane
Rep: 3,058
Posts: 33,089
Let's see if we can do better posting this week than last week...
JI
jimkane
Rep: 3,058
Posts: 33,089
Back to the line, looking weak. I know the week's over, but I am rather curious to see if they flush it down a bit.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, there goes the line. Now we see. Snap fake and trap, or follow through?
JI
jimkane
Rep: 3,058
Posts: 33,089
Look at that! What games. It looks like it is going to follow through to the downside, and it hits the previous low, the B point of the ABCD, to the tick, and explodes up into the cash close like it has a rocket up its you know what. Sunday night is going to be exciting!
SI
sirios
Rep: 0
Posts: 157
In my opinion they did what wanted to do. Last move up before close was to keep faith into rising. Globex will sent SPY back below 200 daily moving average. We will also see pretty “island reversal” on daily chart.

They have long term plan and executing it. I think currently they have full wallet of shorts. Probably they see bigger money in bankruptcy European Countries then in printing money.

Of course „We will see”