Back! Almost

Been traveling so not much time to post- Since I have been off we have gotten a pullback in the market and yes I still don't believe it we are yet heading down but my cycles tells me june will be a bottom so this is how I see it.
I think we are due for some selling here maybe in the next couple of days into the June cycle bottom, whatever will trigger the selling is not relevant but it should be bought.
Long term I think after that last push of of the June bottom the next wave will be the end of this long uptrend in the market.

We will see soon enough!

Still Out

A lot of catching up to do but I will be back posting next tuesday, just too busy.

Rumors

More rumors circling around. Greece is asking to leave the Euro area.

WOW

So this morning at 8: I posted this movement was just a pullback but after the 8:30 number the futures went higher. Geez that was fast but it leaves me empty of any positions as I was thinking we would see weakness into mid next week but we will have to see how this plays out.
Yesterday down candle is huge and projects much lower, just a warning.

In my Opinion

In my Opinion and analysis this is just a pullback. A number of crushes yesterday especially in the commodities but as I repeated many times $113 was the top projection for Oil and that number came up numerous times in my analysis. Though we went over the number the project still stick and that's why you should be out of all long then.
Yesterday Oil got killed and it is good for the US economy as gasoline has been eating into household pockets these past weeks. Soros also selling Oil futures was a sign of a waterfall sell in the works but the real under the radar news is that Oil futures margin is rumored to be increasing and that makes folks like me who trade it needing more monies to trade it. I believe that's the real story behind the selling yesterday, fast money trading leaving the commodity due to this rumor.

Busy

Next two weeks are very busy for me so posts will be limited. If we hit 1341.50 area I think it will be a good buying op and will use that area to carefully load up some longs. In the mean time 1385 is the new upward projection before we hit my full projection of 1425.

1384/5

Next projection point is showing 1385 area.