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To Drop Or Not To Pop
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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.

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.
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