Now Reading
To Drop Or Not To Pop
72

To Drop Or Not To Pop

To Drop Or Not To Pop

by The MoleJuly 28, 2009

That Is The Question!

This rally is getting a bit tired but I think we could see one more blast to the upside before we [finally] take a turn to the downside:

You might remember that diagonal I painted the other day and a final touch is definitely a possibility. Although breadth on the SPX right now is about 2:1 declining issues but considering that we really haven’t dropped that much today. So, don’t count the bulltarts out just yet – I think they’re keeping their powder dry for one last bear squeeze 😉

I was a bit quiet this afternoon as I was busy scalping the ES futures, caught the very top today and rode it down to VWAP. Otherwise, quite a messy day – swing trader’s playground.

Sign up here to receive my FREE early morning briefing:

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator