I won't be surprised if we see some up today, at least in the early going, and we could even close green. Here's why, from a TA p.o.v.
1. The candlestick pattern on the NDX & COMP that everybody keeps referring to as an abandoned baby might not be one, because the third candle in the pattern does not penetrate into the real body of the first (white) stick, plus in both cases it's an inverted hammer, which could signal a trend reversal. (Yeah, one day is a pretty farking short trend, but it's OPEX week, so what do you expect?)
2. It's OPEX week.
3. All of my intra-day charts are oversold or close to it, and the 15 minute jobbers are mostly turned up.
4. It's OPEX week.
5. The VXN looks like it wants a bit more down -- particularly, (once again), on the intraday charts.
6. It's OPEX week.
7. Did I mention that it's OPEX week? <g> |
