Yesterday the market withstood the test

Now our next test here is S&P 1060. That is the breakout price it hit on 7\7. If it closes under that price and under 1050. The next target will be 980. Lets see how this plays out.

Now our next test here is S&P 1060. That is the breakout price it hit on 7\7. If it closes under that price and under 1050. The next target will be 980. Lets see how this plays out.

mArkets are always very stubborn near top... There could be another up day than it fall. I'll get short on the bounce tom.

Now our next test here is S&P 1060. That is the breakout price it hit on 7\7. If it closes under that price and under 1050. The next target will be 980. Lets see how this plays out.

mArkets are always very stubborn near top... There could be another up day than it fall. I'll get short on the bounce tom.

You may not get a bounce anymore. 60 Minute is on a sell now. The 50 Day MA is also going down. The trend is down. It touched the top of my trendline two days in a row and went over the trendline pre and post market the last two days only to open below it both times. Will it do it again tomorrow, it could, but it would be a stretch.

Now our next test here is S&P 1060. That is the breakout price it hit on 7\7. If it closes under that price and under 1050. The next target will be 980. Lets see how this plays out.

mArkets are always very stubborn near top... There could be another up day than it fall. I'll get short on the bounce tom.

You may not get a bounce anymore. 60 Minute is on a sell now. The 50 Day MA is also going down. The trend is down. It touched the top of my trendline two days in a row and went over the trendline pre and post market the last two days only to open below it both times. Will it do it again tomorrow, it could, but it would be a stretch.

You should get a bounce in the futures market at least the stubborn optimism at top ensures one.... justy like the stubborn pessimism at bottom there is always few sessions to get back in before it really moves...

If you recalled major bottom in march 2009 there were three sessions when prices stayed the about 6600 on dow.

At 1220 there three sessions >1210 to short into.

Now our next test here is S&P 1060. That is the breakout price it hit on 7\7. If it closes under that price and under 1050. The next target will be 980. Lets see how this plays out.

mArkets are always very stubborn near top... There could be another up day than it fall. I'll get short on the bounce tom.

You may not get a bounce anymore. 60 Minute is on a sell now. The 50 Day MA is also going down. The trend is down. It touched the top of my trendline two days in a row and went over the trendline pre and post market the last two days only to open below it both times. Will it do it again tomorrow, it could, but it would be a stretch.

You should get a bounce in the futures market at least the stubborn optimism at top ensures one.... justy like the stubborn pessimism at bottom there is always few sessions to get back in before it really moves...

If you recalled major bottom in march 2009 there were three sessions when prices stayed the about 6600 on dow.

At 1220 there three sessions >1210 to short into.

This is a little different here though but it could happen. The markets then were at major tops and bottoms. This is in between and a rally off of a big down move. It might get to 1090 tomorrow but I don't see it going much higher than that. I could be wrong.

Now our next test here is S&P 1060. That is the breakout price it hit on 7\7. If it closes under that price and under 1050. The next target will be 980. Lets see how this plays out.

mArkets are always very stubborn near top... There could be another up day than it fall. I'll get short on the bounce tom.

You may not get a bounce anymore. 60 Minute is on a sell now. The 50 Day MA is also going down. The trend is down. It touched the top of my trendline two days in a row and went over the trendline pre and post market the last two days only to open below it both times. Will it do it again tomorrow, it could, but it would be a stretch.

You should get a bounce in the futures market at least the stubborn optimism at top ensures one.... justy like the stubborn pessimism at bottom there is always few sessions to get back in before it really moves...

If you recalled major bottom in march 2009 there were three sessions when prices stayed the about 6600 on dow.

At 1220 there three sessions >1210 to short into.

This is a little different here though but it could happen. The markets then were at major tops and bottoms. This is in between and a rally off of a big down move. It might get to 1090 tomorrow but I don't see it going much higher than that. I could be wrong.

I think so... but if you recalled every down day in may before flash crash futures session was UP every day... shorting was straight and obvious people get bulled up in downtrends.