Triple witching opex forces and the intraday action point towards a gap up tomorrow. We've basically gone nowhere for the past 5 days of trading but have built up a base of bears during this churning period. You gotta buy at 1255-1260 and sell at 1285. That is the new range for this fear based market. Greece can will be kicked down the road, I expect nothing less from the ECB and the IMF. The bankers will win again, holding the systemic risk card as a threat for receiving bailouts on their PIIGS bonds. The losers will be the peons who hold no stock, no wealth, and have no skin in the rigged game.
Ha! Give them peons a damn good thrashing!
ReplyDeleteYou mind sharing anything about your signal? Thanks
ReplyDeleteIt is based off the intraday trading over the past 5 days. More likely to get a gap down signal when overbought, more likely to get a gap up signal when oversold.
ReplyDelete