Oscar is bearish today. Accuracy = 4/6.
NASDAQ EMINI (NQU2012) September 2012
Posted: 07/12/12 21:57 OST/EST
For Trade Date: 07/13/12
I am sorry to say it again OMNIACS, however, we are looking at another RED ARROW or another red OMNI for Friday, at least for the first half of the trading session.
OMNI has specific levels it will sell at and yes on “FRIDAY THE 13th” OMNI will play ball as usual. I will issue a Flash Update as we approach the OMNI entry levels.
Triangle consolidation. Most likely will go up toward 2600 area.
Daily chart is overall bullish, unless fall below 2500.
Short @ 2560 / 2540. Its bearish. we are in downtrend channel.
Expect price to fall back down after reach channel top, which could have about 50 pts room.
It is more likely price will rebound up toward around 2580-2600 area, before fall down again. Such big room for upward rebound, if we wish to make a long trade, will need to be nimble and cautious.
15min agrees on short pts of 60min chart generally.
2570 is a box long pt, if we immediately short from there is risky. We need to wait for upward breakout failure , and fall back to 2560 before we can do a short.