29 replies to this topic

[redfoliage2]

Still at Neutral, but turning toward Bullish.

It looks that there are forces actively holding up the market........

Edited by redfoliage2, 18 May 2016 - 12:01 PM.

[redfoliage2]

It's in Bullish mode now..........

[gm_general]

Looks like another Homer Simpson double-decker sandwich pattern (alternating big candles arranged like a sandwich) like from early April. Expecting more upside as I mentioned in previous message with charts. Either to low 50s on SP500 STO or it blows through and goes to about 90ish. But we'll see.

[redfoliage2]

This move looks the true OpEx move ........

[redfoliage2]

I went covered my short positions as it often goes wild beyond your imagination in an OpEx move.............

[redfoliage2]

Neutral now. 

What was the news for the sudden drop?

[redfoliage2]

Fed signals interest rate hike firmly on the table for June according to Reuters Breaking News.

Edited by redfoliage2, 18 May 2016 - 01:15 PM.

[redfoliage2]

The signal has turned into Bearish mode and I went back shorting..........

Thanks to the Fed the big tank is coming...........

Edited by redfoliage2, 18 May 2016 - 01:24 PM.

[redfoliage2]

"Wolf is coming"  Someone shouted at the market:

 

http://www.reuters.c...d-idUSKCN0Y92IU

 

But I see it's bullsh t.

Edited by redfoliage2, 18 May 2016 - 01:39 PM.

[redfoliage2]

 Reuters made that Breaking News on the headline "Fed signals interest rate hike firmly on the table for June"  without content sounding like the Fed actually announced something, and SPX tanked about 20 points on it before recovered some.  The actual content only out about 30 min later and it's not the same meaning as the Breaking News. This is a criminal act..........

Edited by redfoliage2, 18 May 2016 - 01:46 PM.