This has gotta be a warning to getting too bearish here. Just at a quick glance, you were with in 1 to 3 days of a >100 pt ES rally in the next 3-4 weeks....http://tinyurl.com/82nlt3x
Now, there are only 4 examples but each one played out as stated above.
Time for bears to be careful...but they only happened after really heavy downside of >200 points and we haven't seen that yet.
Below, recent US Treasury Bond chart. Psst...rates aren't going to 0. Although, the chart seems to indicate that. Point is that at some point the trend will change and rates will go up.
Above....gotta love it for this manipulated market.
Anyway...below, the market is sitting right at the MAR lows and on top of last years highs for days now. Coincides with the 90MA, as well. A lot of indicators I look at are indicating an oversold condition but does that mean up from here or a more oversold level (SP 1310-1290).
The uptrend was broke in early APR and it has really been a broad sideways range since then.
No matter keeping it simple because I know nothing and will just follow the market. Above the 90MA and I look for intraday opportunities to buy dips...when below, sell rips. Currently, two most recent days have closed below the 90MA. If it bounces from here, back to buying and if it drops from here sticking to selling...Keeping It Simple Stupid (KISS).
Operation Twist ends JUN 12th....perhaps Da Boyz are going to crack this thing down hard over the next few weeks just to give the Fed a reason to immediately do more QE to keep all the plates spinning before the election???
Aaaahhh, remember the days of sub $1 gas? Of course, you don't because you have to add in state tax of about 50 cents on top. But still....even $1.50 per gallon???
Dare to dream....never again unless we shift to a natural gas based economy!
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