I tihnk we have higher prices to be seen. Its always good to look at the other side as well..

ROSENBERG: Here Are 5 Concerns Nagging The Stock Market - Business Insider

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Sun, 20 Oct 2013 18:38:19 GMT

   

Business InsiderROSENBERG: Here Are 5 Concerns Nagging The Stock MarketBusiness InsiderA negative from a contrary standpoint and attests to how  fully committed  the investing public is right now to the stock market. Fundamentals: Likely owing much t ...

  

Market video for the week of August 26th, 2013

The Popgun pattern

I liked this article.  I've heard of this popgun pattern before but haven't paid much attention to it as it is forming.

cbridgeacademy
stock-updates Nifty forms ‘Popgun’ pattern on daily charts; Top 5 stocks in focus http://t.co/2Q4XLX0cWq
Saturday, March 2, 2013 7:35:32 PM

The S&P should trade below Friday's low

Based on the way the S&P Futures closed, they should trade down to the 1416.50 number, at a minimum.  Below that, next support sits at 1404.75.

Despite the fact that we had a large range trend day down, and the model for Monday is a morning consolidation, those lows have a better chance of being tested early in the week, and may even get there off the Sunday night re-open or Monday AM on residual selling.

If not, and we instead correct in an upside drifting fashion, then I will be watching for a post FOMC sell off to those levels.

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