Go SHORT with FISTFULS of CASH$$$$.
We have one more DROP coming that will probably carry over the weekend into Monday morning.
Then they PUMP it back UP next week to @ SPX 1185 and sneak the $$$$ back into the 401k owners accounts so it doesn't look so bad when they get their September statements.
Maybe in October the BOTTOM DROPS OUT. Gubbamints worldwide will either pay the markets ransom or suffer the consequences.
Good call on the 1136 level, but it looks more like a zone. They have tried several times to elicit a short-covering rally pushing it to 1140 and 1141, but as you can see it falls easily back below 1136.
I'm waiting to see where they take it into the close. If they can PUMP it back to SPX 1140 one more time before 3:30PM I will gamble on a short over the weekend.
MacD on the 15min tagged ZERO and is now heading down. Come on BOYS just one more PUSH so I can get a better price!
I believe they will BOTTOM OUT the daily chart first Polish. Then push it UP HARD to paint the tape for month end.
They haven't even tagged the pivot on the 1min chart this morning. It's a very weak PUMP JOB and I smell another DROP in the works.
SPX 1085 or even 1100 is close enough. Monday morning. PUMP MONKEYS will be bailing out this afternoon after Europe closes.
The DAX is still very weak. I believe it tags 5k again on Monday for a short term double bottom. Especially so if the USA sells off into the close today.
I believe we will see SPX 1110 before the close today and SPX 1085 Monday morning. We'll see if it plays out.
NOBODY is buying the cheap talk from the G20. They will drop it into the close today and if there is nothing substantive from the G20 over the weekend they will pull the rug out again on Monday morning.
After that the market is oversold on all the charts and they will run it back UP to paint the tape for the end of the month.