LONG TERM

Whenever you hear the talking heads telling you new bull market and you must buy stocks, PLEASE just look at this chart and you will be good. Longer term I think this is what will happen. I hope it doesn't but the technicals never lie.

SPX Chart

For those who dont know there is two S&P prices. One is cash and the other is futures. Experienced traders who the futures value while the cash price is what you would see on CNBC or in your local paper the next morning.
They is usually a difference of a couple of points, so those who asking about where did I get that 906.75 closing from then obviously you aren't and experienced trader :). No bashing but the cash price and future price are different.

Here is a chart of the cash close. Do we trade high in the channel of we fall out of bed. That's for you to decide from the chart!!!

Have a great day tomorrow. I dont think I will be posting on Friday, very tired this week, need some rest.

Warming up

We are just warming up here folks, really just a snap shot of what we doing. Have one KILLER play for the ages with the Inauguration. If you think we hit the market exact in the last few days especially today calling the exact closing price of the s&p futures 906 at 8:30 am, YOU AINT SEEN NOTHING YET.



MARKETJEDI

Anyone taking NOTICE

We just closed around 906 area. Hmm where did you get that number from???? Folks you getting a valuable tool in this blog. I mean we calling closing levels and where market is going to turn exactly. Where else you getting this>?>?


WE CLOSED EXACTLY @ 906.75 on the futures.

JUST AMAZING, we called that number 8:30 am this morning

Nice

Notice we went one tick to that 906 number today. Wow just accurate! We couldn't even break it so what does that tell us with two hours left in the day. Well expect lower prices and a test of the overnight lows if we dont break that 906 higher

Boring day very boring, they waiting on tomorrow numbers

Line in the Sand today

Most important number today will be 906.75 on the S&P. We are currently going to open below it so keep an eye on it

OMG We so ROCKING

All those who got the special email last night on the special stock play must be amazed. Walmart is down $5 this morning and that is a sure push for that special play. Stay tuned !!!