There is NO reason at all to get bullish and all my daily chart signals are giving my flashing SELL signals. They are trying to sqwiize rest of shorts out before let the markets plunge. You can clearly see intraday they are manipulating markets higher and there is a underlying bid which is the FED. If you look at the money outflow for last months, posted on zerohedge you can see that there has been money OUTFLOW for the last months. But again if you can go up with the FED its brilliant, but dont be screwed because they cant manipulate for a long time, suddendly the baloon will be too big and the be busted.
I had long positions since 1065 SPX and shorted major at 1122 and I am STILL short, a bit underwater now, but that can change in 1 day..... if we move up to 1130+ let it be... the setup here is brilliant for another kind of flash crash so I am looking for a big move down short term and just waiting for markets to roll over. VIX chart telling me a big breakout comming on the weekly, so sometimes in the next 1-4 weeks, watch and see the markets falling off a cliff.....
DOJI, spinning tops, haning man candles and so reversal candles telling me that we are about to rollover with VERY overbought territory here and MACD ticking down to negative, volume decreasing and bulls out of bullets here...
Short term target still 1070-1080, and if that breaks, see you at 942. Still major short for a swing trade and this week we have just been moving SIDEWAYS, choppy trading.
But sooner or later , I think after option expiration , we are going to have a BIG FAT move down... probably beginning today...(According to the AAI, the "net" bullish sentiment jumped to a whopping 50.9% from just 20.7% a month ago, while bears plunged from 49.5% to 24.2% over the same period.)
From Trading the odds.
"
Friday, September 17, will be ‘Triple Witching‘ (stock index futures, stock index options and stock options all expire on the 3rd Friday of March, June, September and December of every year).
This time I’ll not check for the market’s historical performance on option expiration – especially September’s triple witching – , but what regularly happened the week thereafter, which is – promised – much more interesting.
Table I below shows September’s historical option expiration dates (‘Trigger Date‘, since 1990) and the SPY‘s (S&P 500 SPDR.) respective performance over the course of the then following 1 , 2 , 3 , 4 and 5 sessions, assumed one went long on close of September’s triple witching session in the past (like this time on close of Friday, September 17). f history gives guidance, Friday’s (triple witching) close might provide a favorable short- and intermediate term opportunity on the short side of the market. Historical probabilites (19 out of 20 occurrences with a lower close 1, 2 or 3 session later) and odds (the SPY was trading lower at least -1.0% 3 sessions later on 8 out of those 20 occurrences) are heavily lopsided in favor of the downside during the week immediately following September’s triple witching."
Just name me 1 good US economy news.....
don't tell me its "better than analysts expectations "
Unemployment rate Up to 9.6% .
Every week 450,000 Americans lost their jobs .
Inflation Up 0.4% .
Retail sales down .
Car sales down .
House starts down .
Manufacturing slows to 4.4% , slowest in 2 years .
Foreclosures Rise .
Repossessions Set Record .
Gold all time high .
Europe countries still in default risk .
Japan and China forcing US$ up .
Have a nice day
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