Oscar is bearish today. Accuracy = 1/1.
US INDICES (ES, NQM2012) June 2012
Posted: 06/03/12 18:05 OST/EST
For Trade Date: 06/04/12
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Once again The OMNI wants to “sell into the rallies” expecting further declines in ES / NQ / DJ etc. The market has just begun falling through the bottom of the Bear Flags giving us cause to expect another lower day on Monday. I will issue a Flash Update as we approach the OMNI sweet spot.
Breakout happened downside since 1/6/12, with rapid decline into now 2430 area. We missed the short, and now has to wait for a rebound to Fib 38.2% area (2485 area) before we can be safe to short. Do not recommend a breakout short tonite, as technical rebound may happen anytime.