18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Other than some small wakes, this could be the last wave to catch before the tsunami takes out a few bank owned summer homes out on the bluff … Todays summary from EW lives on:
>> Support for the SPX now jumps back up to 1261 and then 1240, with resistance at 1287 and then 1316. Short term momentum was quite overbought at the close, while the near term indicators turned back up. Nothing on the economic agenda for tomorrow, so it should be a technical day.
Interesting juncture for this uptrend. The market finally broke out of its multi-day malaise and soared without any special news. The FED did what was expected, the ISM report was nothing special, and Crude dropped again like it has been for nearly a month now. It feels like the market is making its last push higher to complete the uptrend. We can now raise our uptrend breakdown warning level from SPX 1234 to 1247. For now, the market should continue higher into our SPX 1327 pivot. <<
Yesss….. my avatar gets its day in the sun!
-DT
hah
Okay fellahs, now it’s your turn!
Boy, but could that old bitch tickle them ivories, or like, what?
He could play the piano some, too.
___________
(Sometimes I worry about you.)
_
Clown Raped. I’ve become quite fond of that adjective [sic]
Like betting on the Lakers huh KC?
Other than some small wakes, this could be the last wave to catch before the tsunami takes out a few bank owned summer homes out on the bluff … Todays summary from EW lives on:
>> Support for the SPX now jumps back up to 1261 and then 1240, with resistance at 1287 and then 1316. Short term momentum was quite overbought at the close, while the near term indicators turned back up. Nothing on the economic agenda for tomorrow, so it should be a technical day.
Interesting juncture for this uptrend. The market finally broke out of its multi-day malaise and soared without any special news. The FED did what was expected, the ISM report was nothing special, and Crude dropped again like it has been for nearly a month now. It feels like the market is making its last push higher to complete the uptrend. We can now raise our uptrend breakdown warning level from SPX 1234 to 1247. For now, the market should continue higher into our SPX 1327 pivot. <<