FYI: Very strong short signal this morning.
When the market opened this morning, I witnessed the strongest short signal I had ever seen, ever. It was insane. As the market has weakened a bit (now 10:10am), so too has the signal. Still, if we stay near these levels all day, the short signal will be confirmed if SPY can manage a close above 126.81. See ya later!
Thanks for the heads up. Gap fill high possibility.
ReplyDeleteI saw a similar view on my tracking system also.
ReplyDeleteThanks for the early morning comment.
Not that it can't continue to go up, but we are back to insane levels.
ReplyDeleteHmmm. Interesting. I sure wasn't seeing any short signs when I ran my analysis last night.
ReplyDeleteNote that the big three averages all broke over their 200 day MA today. Not that we might not get some profit-taking tomorrow, but I'd be hesitant to take on any much longer terms shorts for the next month or two.
Europe must have fixed all of our problems too the way this market is acting. Ride the ride!!
ReplyDeleteI say we will most likely go short. The market will want to fill the overnight gap before heading higher, being that we now broke the 200 ma resistance.
ReplyDeleteSee. I told you that you had a nice system! I believe you will be correct about tomorrow.
ReplyDelete