sp'60min
Summary
Best guess... we see some moderate downside... more likely late this afternoon (Dudley comments?).. and early tomorrow.
Right now, the 1945/35 zone seems best case.
To be clear, under NO scenario do I see the big 1900 threshold being broken in the near term.
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I suppose I could be somewhat despondent.. but the sun is shining, and I have another England defeat to look forward to this afternoon.
WFM, 60min
WFM remains a mess, so long as it doesn't break that big blue line....in the 38.75 zone, there remains hope the past 7 trading days were just a very severe retrace.
Some could argue its putting in a micro double floor..if so..WFM should turn green later today.
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Momo stocks looking reasonable.. TSLA and FB both +1.5% or so.
10.15am.. Fractional new historic high for the sp'500.
10.30am.. Well, there go a wheel barrow of short-stops... with sp'1965.
Last week, I noted best case upside would be Tuesday afternoon, 1970/75..before some kind of down wave.. I guess it'll be that after all.
I'd understand anyone shorting in the 1965/75 zone... but I shall... refrain.