The Fed news dropped the e-minis to 1533.75 where the bulls took over and rallied the market up to 1558.75 (so far). I think the implication of this action are bullish if we look ahead more than a week, but I also think the market is due for a 25 point break and that the 1564 level is likely to be resistance and the starting point of the decline. So the next trade I make will probably be on the short side.
The blog has become totally confusing since you started talking about futures and cash spx levels in the same sentence with making it clear, I think the majority of the readers of this blog are not following futures and would prefer clear comments about the cash spx ranges
ReplyDeleteCarl:
ReplyDeleteIs your DOOMED HOUSE PATTERN NULL N VOID now?
Here's a vote in favor of futures commentary. I trade S&P futures and am an avid reader of this blog. btw, thanks Carl for all of your work.
ReplyDeleteDisregard anon 2:24pm's pleas. He is ignorant.
ReplyDeleteCarl I trade futures and your blog is clear to me. Keep up the great guestimates.
ReplyDeleteThanks
Rob
Clear as a bell to me Carl.
ReplyDeleteThank you,
Rob
Carl your blog is outstanding in it's new format, finally!!
ReplyDeleteI enjoy your blog a lot and indeed I would prefer if you could use the Cash SPX ranges instead of E-mini futures.
ReplyDeleteThanks,