Odds are building for a pullback ahead of new highs next week...
Could be sharp...
We have previous Nasdaq high at 6341, and a Fibonacci Target now at 6371
Posted 14 July 2017 - 09:11 AM
Odds are building for a pullback ahead of new highs next week...
Could be sharp...
We have previous Nasdaq high at 6341, and a Fibonacci Target now at 6371
Posted 14 July 2017 - 10:13 AM
Today's strongest resistance for Nasdaq is 6304...
We have a summertime Friday in the Hamptons in NYC.
We could see a test and rejection if this target gets tested today.
Posted 14 July 2017 - 10:40 AM
I think odds do favor a low in the afternoon if we see one, but it seems like only short term players in the market. Volatility is pure crap.
Posted 14 July 2017 - 11:11 AM
Today's strongest resistance for Nasdaq is 6304...
We have a summertime Friday in the Hamptons in NYC.
We could see a test and rejection if this target gets tested today.
Right now it just overcame the ST resistance at 6292 and your target at 6304 has a good chance in the afternoon. We are seeing an earnings runup.
Edited by redfoliage2, 14 July 2017 - 11:21 AM.
Posted 14 July 2017 - 11:43 AM
Today's strongest resistance for Nasdaq is 6304...
We have a summertime Friday in the Hamptons in NYC.
We could see a test and rejection if this target gets tested today.
Right now it just overcame the ST resistance at 6292 and your target at 6304 has a good chance in the afternoon. We are seeing an earnings runup. But I will bet a reaction down once it gets there.
Posted 14 July 2017 - 01:06 PM
you guys are off target - this is ALL about Yellen
Posted 14 July 2017 - 01:22 PM
Looks like they are trying to close on all new highs across the board...
So no pullback... Fine.
Still fits in with my trading plan for highs into mid-week..
targeting 7/19.
Posted 14 July 2017 - 01:31 PM
Let it go, the scoundrels. Wish I'd have kept that XOP all week. Had it at the lows, bunch shares too. darn short thesis screwed me 2 ways on this. No way I would have let that go Monday if I thought they'd hold these indices up.
Posted 14 July 2017 - 04:52 PM
Someone once said, sometimes a picture is worth a thousand words:
http://www.zerohedge...apses-2007-lows
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