Tiresome Tuesday Rub Down
Tiresome Tuesday Rub Down
The best thing to be said about today’s tape was that it ended at 4:00pm EDT:
We didn’t spent much time below the zero mark on the Lite and after the late morning breach it was clear that the bearish case was history again for today.
Let me share the past four SPX closing prices with you:
6-4: 942.46
6-5: 940.09
6-8: 939.18
6-9: 942.43
Rinse – Lather – Repeat.
That’s right rats – we are not going anywhere – this is like watching paint dry and I’m close to gulping down a box of horse tranquilizers – unfortunately that plastic bag over my head is in the way.
Program Trading Report:
resident.evil/ES: +4
resident.evil/NQ: -8.75
geronimo/ES: +3.5
Nothing to add to last night’s count – we might breach this triangle formation tomorrow or we might drop and bounce yet once more – we shall see. FYI – SPX breadth was roughly 1.6:1 advancing – NDX was 3.3:1 advancing – what is this, the next tech boom? LOL
See you tomorrow rats – bring your own favorite brand of painkiller.
Cheers,
Mole
