Morning all
Its seems as tho the fed want to pump more money into the system.. Great wont achieve a dam thing.
Lets look at whats on the cards today and then see whats on for the weekend.
Today the JPM report was ok a little down but ok considering slow economy blah blah blah.
My work is showing the market trading higher, while its down at the present time I do have it pushing higher.
Will we see above 1297 possibly but I don't have my money on it.
I have my money on oil at the present time.
I believe over the weekend we could see some tension coming from Iran and maybe even a military exercise to freak out some neighbours..
How will the market react to this well not sure, usually tends to push it down but we shall see.
The threat by the US on Chinese companies regarding sanctions wont go down well either .
Just a quick note..I have been expecting a top in the market between the 10-17th of Jan.
This top should hold for up to 6 months, but I am starting to wonder if its a bottom.
Most times when aspects create a Triple trine it tends to produce tops or bottoms for a while,
In this case I have been anticipating a top of some sort but after yesterday come back I am not to sure its a top and could be a bottom.If a bottom then 1400 ES here we come .
I reserve judgement until I see the market start showing signs of roll over , not brick building as is the case now.
Currently ES 1290.25 and March oil 99.47
Long 1 March at 99.40
AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.
Cheers
Its seems as tho the fed want to pump more money into the system.. Great wont achieve a dam thing.
Lets look at whats on the cards today and then see whats on for the weekend.
Today the JPM report was ok a little down but ok considering slow economy blah blah blah.
My work is showing the market trading higher, while its down at the present time I do have it pushing higher.
Will we see above 1297 possibly but I don't have my money on it.
I have my money on oil at the present time.
I believe over the weekend we could see some tension coming from Iran and maybe even a military exercise to freak out some neighbours..
How will the market react to this well not sure, usually tends to push it down but we shall see.
The threat by the US on Chinese companies regarding sanctions wont go down well either .
Just a quick note..I have been expecting a top in the market between the 10-17th of Jan.
This top should hold for up to 6 months, but I am starting to wonder if its a bottom.
Most times when aspects create a Triple trine it tends to produce tops or bottoms for a while,
In this case I have been anticipating a top of some sort but after yesterday come back I am not to sure its a top and could be a bottom.If a bottom then 1400 ES here we come .
I reserve judgement until I see the market start showing signs of roll over , not brick building as is the case now.
Currently ES 1290.25 and March oil 99.47
Long 1 March at 99.40
AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.
Cheers
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