July 24 S&P 500 hits bottom target

Here we are running back on our wonderful rally. We have a 34 point range today. Needless to say it was a very heavy trend.

Selllers were committed most of the afternoon. Dependant on the gap in the morning lets see how we can play it. if we gap down and shoot through 1240 then to the 20's we go.

I don't see where the support is going to come in as hedgies have loosed their positions in the financials again. Remember our memorandum from to days ago no shorting the banks unless you have an agreement borrowing those stocks.

Shall be exciting because it will be setting the pace for the following week.

July 24 at the close financials and banks down

Look at the Red. Yesterday it was green and today they gave it back. We don't have much news tomorrow. I bet the summer holidays won't be starting early with this much movement going on.

July 23 daily after hours SP 500 emini

Looks like we testd up again today. Volume kept us up there. Looking for 1305 for major resistance and 1320 on a large volume spike. If oil keeps going down this will be an excellent opportunity to put in a longer term swing trade.

On the down side look for a reversal back to the lower tl, and dependant on what type of Gap we have open we could see it turn tomorrow afternoon.