Live Update

Tuesday, July 7, 2009

07/07/2009 After Bell Quick Summary

I see good chance a rebound at least tomorrow morning. With 3 days in a row the market opened with a down gap so the chances of another gap down open tomorrow is rare. Just if we see a gap up open tomorrow, it will be the 7th unfilled gap on the SPY chart therefore I doubt if it could hold. So my guess is no hurry in buying dips AH, instead to fade the tomorrow’s gap up open is much safer.



  1. So everybody it's talking about the H&S in SPX. A trap? What do you think.

  2. Cobra, great call on s7p and vix up same day, next day ugly...worked again !!! 8 for 9 now ? that is amazing odds for next set up...THANKS

  3. People have been talking about the H&S being too obvious, and that the market is never that obvious. If I had to make a guess, I would guess that the market trend is still negative, but there will be a massive effort to break the H&S pattern at this point.



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