Pre-Bernanke

Here is an update of the 2007 analog from ~ 2:00 this afternoon (pre Bernanke press conference). The analog continues to replicate - granted with looser proportions in time and price. For an explanation of the rationale behind this - see (here). 

The market may run the SPX up to around 1305, but I am not holding my breath. Some of the very short time frames are exhibiting upside exhaustion. 

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I just joined Twitter. All my trades and occasional market musings are disclosed in real-time here. 

(Position in UUP & TZA)

Disclaimer: This is not investment advice. Always do your own due diligence. Erik Swarts is not a registered investment advisor. Under no circumstances should any content from this website be used or interpreted as a recommendation for any investment or trading approach to the markets. Trading and investing can be hazardous to your wealth. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor.