And so it goes....
Every day is Groundhog's here. A handful of #$%$ playing with screennames all day.
Technically, the market is looking to open in a resistance area.
But it makes little difference. In a normal market, you would want to sell the open here, and exit the trade if the overnight lows hold on a re-test, or move your stop to that area.
Seems they're going to keep this market up until it suits them to let it drop.
Why would it ever suit the Fed to let it drop? The cabal is entrenched on a one way market.
It's only a matter of days, weeks, or months, but the catastrophic plunge will happen. U.S. will be a in a recession by September even with all the fraudulent numbers.
U.S. has been in a recession for at least two quarters, if not the entire five years of the recovery.
I've been a bull since March of 09, and I turned into a bear 2 days ago. Sentiment is shifting.
Sentiment: Strong Sell
I wish I could get a quick read like that JC; I feel like sometimes a catwalk needs to fall on my head before i get it. Now I'll take George Soros 1.3 billion dollar put as the beginning of that catwalk construction........
Volume has to be there to support upper prices. It really has not been there yet. Maybe that changes.
If you have to wait in line somewhere to get in that is real demand. Are you really dying to buy the ES above 1840? Not yet.....maybe that will change.