1pm update - interior disgust

Well, that was one near complete waste of a morning for your resident permabear. A real example of just how rife with terror of micro-ramps I've become. After some 4 years of watching this nasty casino, I sure have seen my share of crazy mini-ramps intra-day that rip the faces off so many bears.

My original morning target zone of 1340/35 was indeed hit perfectly. Yet I 'ran for my life' at 1349. Great huh?


Sp'60min

Summary

So...what now? We will surely bounce. Sp'1350..even /55 is possible sometime tomorrow.

There are some out there who are looking for a C' wave made of 5 smaller waves. They are STILL clamouring for one more high, 1370/90 kinda zone.

I really don't know about such microscopic market moves.
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All I know.....sp'1150/00..by end July.

So..my simple rule is...short.  I will short EVERY single damn market spike.