Friday, July 16, 2010

Market view



Just a short update for the view. I still believe markets topped 13th july and we are heading WAY down, especially next week. We made a bearish hanging man canle on SPX which suggest we are heading down. FAZ made a inverse HS pattern which suggest this will run very soon. ADX got confirmed yesterday with a a bullish cross (for the shorts) , so all in all looking for more downside, but again we have option expiration today and could hoover in this area, but next week I will tell you, this will get VERY ugly when there are no buyers left.

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