The way the market ended today would be quite the precursor to a big move down. We'll have to see what the China PMI does tonight...if it were to swing below 50....it would be a significant event i think
At the close yesterday, someone with very deep pockets bought 200K contracts of the S&P. Now normal volume for the last two mins of the day is about 25K. Yet "someone" placed a mega million dollar bet. Was that coincidence? Please.
Is today a one day event? Don't we have a jobs report friday that could stink? Are we going to get long ahead of that? Is today a set up, or the real thing?
Obviously I don't trust this, this could very well be a one or two day event and then Friday it all goes "blammo".
Yes it's true that the first day of a new month is usually up. But this isn't just "up" this is a 240 point blowout, on absolutely NO real news. That spells fraud and I just can't gauge how far ( how many days) they might push it.
The way the market ended today would be quite the precursor to a big move down. We'll have to see what the China PMI does tonight...if it were to swing below 50....it would be a significant event i think
ReplyDeleteIt probably took out a good number of shorts...
They are manipulating this market up for the coming crash. Do not buy any long positions IMO.
ReplyDeletewill add more FAZ/VXX/BGZ.
GL
Starting to look like a high into Labor Day rather than a low.
ReplyDeleteright Fred, a huge sell off just before Labor Day, didn't sound likely to me.
ReplyDeletecementzak
Maybe the winning trade is to go short September 7th?
ReplyDeleteGuys
ReplyDeleteYou have been reading my mind tonight
Ive been pondering the same thing
It may actually start on friday
and could finish as early as the 9th
Yes I know this is INVERTED to my earlier analysis, but actually ITS ONLY DELAYED.
earlier strategy to buy the 10am on the 7th is PREDICATED on a serious decline under spx 1010
prior to that date.
If no such action occurs, then taking such action might be ill advised
New moon on 8th early could set the stage for a rebound AFTERward
9th reading calls for a difficult AM, but better after noon
and Friday calls for a welcome change over yesterday
International Activity this week is in conjunction with good news & peace initiatives, thus leading to a {B} wave illusion high
A Bradley date of the 11th could easily truncate to the 9th
more later
Jay
Dow Jones futures before opening bell
ReplyDeleteAt the close yesterday, someone with very deep pockets bought 200K contracts of the S&P. Now normal volume for the last two mins of the day is about 25K. Yet "someone" placed a mega million dollar bet. Was that coincidence? Please.
ReplyDeleteBought more VXX
ReplyDeleteIs today a one day event? Don't we have a jobs report friday that could stink? Are we going to get long ahead of that? Is today a set up, or the real thing?
ReplyDeleteObviously I don't trust this, this could very well be a one or two day event and then Friday it all goes "blammo".
Yes it's true that the first day of a new month is usually up. But this isn't just "up" this is a 240 point blowout, on absolutely NO real news. That spells fraud and I just can't gauge how far ( how many days) they might push it.
So Jay - are you saying pullback sept 3 - 8 then rally into end of sept ?
ReplyDeleteAbdullah
ReplyDeleteI had previously projected spx 1080
they got to 1065 last Friday & sold off
they may back off some today and try again tomrrow till 10am
new Jobless claims tomorrow at 8:30
factory orders at 10am
Both may be non events
however,
from 1080 - count this as the X wave HIGH with LOTS of ILLUSIONARY HYPE
Next we might look for the 90 pts sell off into the 8th or 9th
yes not the 7th which should still be part of that drop
target 990spx, maybe even 950.
Rally from there instead of 7th
to 20th at spx 1010 to 1040 resistance, depending on which level was touched on the 9th
And lows on 24th at spx 900, or 950 - see #s below
We can hope for bigger moves, but
this is what wave equality would project.
1220-1040 = 180pts
1080 - 180 = 900
OR
it could be a matter of
Aug 9th @1130 - 180 to 950
Spt is considered the SECOND worst month of the year, if memory serves me
Many will be projecting a crash October- that AINT gonna happen this year
Jay
the Key dates remain about teh same as b4
ReplyDelete7th should start out quite severe, and recover some
9th has 78.6%/13 day cycle at 12;25 along with neg energy at 1pm, and 90 bars at 1:30
That cluster {SHOULD} setup the next pivot low
Note that
Tuesday's pivot low came at 13hrs @ 9:45am with no neg energy to effect the rest of the day
Fixed star effect on 9/1 and 9/2 quite positive, but now watch out for the after effect
GOT To listen more closely to CNBC
Monday & yesterday was doom & gloom - set up for a contrary trade
TODAY they are BEAMING
ditto
Jay
the melt up has started, hope you'll make money -
ReplyDeleteyesterday, bullish indicator was at LOWEST level since March of 2009
Bears keep feeding this bull; when that stops market will be ready to tank.
but now to higher highs
Jay - as always appreciate your insight.
ReplyDeleteI went long 25% in my 401 K over last couple of days .... will look to take some off around 1100 ...
ReplyDeleteKaaviar - what bullish indicator are you referring to - can u share a link ?
Jay - so fixed star being positive today / tomm means you expect drop from Friday ?
ReplyDeleteAAII
ReplyDeleteI went long 10 mins before close yesterday as per my post:
ReplyDelete"I covered just in time on a smaller cycle buy signal. My index is lagging the SPX. Went long"
3:50 PM
---------------------
Boy did I wake up to a nice reward. Shake & bake.
What do I see now??
13 hr cycle just gave a sell signal.
My 8 day cycle is closing in a sell signal.
I'll be looking to short perhaps tomorrow for another nice swing trade.
I swing both ways.
shake & bake
Ricky - shake & bake.
ReplyDeletenice trade
thanks Ricky
ReplyDeletedont know if we are using the same cycle or not
BUT
13 hours from the 9:45am Tuesday low is tomrrow at 9:45, and could be at 4pm today or 9:45to 10am tomrrow
Power index says down from the go tomrrow &
Daily read says OPPOSITE of today
Fri has pivots around the noon hour, and recovers some afterward.
I look at todays as a BULL trap nothing else.
ReplyDeleteI may exit my long RIG position tommorrow around 10:00???
Abdullah
ReplyDeleteBULL TRAP
OK
Jay
If the below daily SPY fractal plays out it is going to be quite the ride into September OPEX week.
ReplyDeletehttp://www.screencast.com/users/Kc135a/folders/Jing/media/51f0cd58-5778-43db-86c7-4b2ef8bb54dd
KC - can you post the link again - its not working...
ReplyDeleteThanks :)