Another pennant, let's see if the afternoon computers pump or dump. Stocks do appear to be melting up right now...
… or maybe tomorrow just winds up being a nothing day and we get the usual rally on 401k payday Ponzi Friday.
… or maybe tomorrow just winds up being a nothing day and we get the usual rally on 401k payday Ponzi Friday.
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Broke past intraday high, would appear that the market is setting up for a summer melt up like last year.
Makes sense right, ATH with rates inverted and Feds cutting rates at the market top. Now we've seen it all, lol. Expect computers to pump futures overnight because they just bought in hard at the end of the day.
Makes sense right, ATH with rates inverted and Feds cutting rates at the market top. Now we've seen it all, lol. Expect computers to pump futures overnight because they just bought in hard at the end of the day.
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LOL, futures up 3 pts already but hung up on the ATH zone...
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Pretty darn close to the target here, if we don't hit it today, expect a small gap up Friday and a reversal.
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Target hit. No idea where it goes from here, probably another bull flag or pennant. Expect a dip either Friday or Monday.
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Futures just hit 3000, SPX is only 4.5 pts away. I don't believe in resistance at round numbers, but we can see it for sure Friday because it matches what I expect the charts to do. Also, Dow is close to 27000.
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We got the dip I expected, not sure where we go from here. Almost looks like they want to melt the market up like last summer.
The best play here is to fade the gap tomorrow if it gaps up.