Will The Market Breakthrough Resistance?

Thursday Update…

(to watch on youtube: http://www.youtube.com/watch?v=O0dvMgh7oZ4)

Red

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If it does, I don’t think it’s going too far…

(to watch on youtube: http://www.youtube.com/watch?v=mIy0O4kiyd8)

I’m still looking for a least a quick pierce through the current overhead resistance and put in at least a double top around 1308-1310  spx area.  If it pierces that, then it could go on higher to the 1330 area.  The market simply wants to go higher it seems.  The gangsters will continue to manipulate this market until the last days I believe.

Their QE2 POMO money ends in June, and I fully believe that they are going to try and hold it up as long as they can.  That doesn’t mean we won’t have some down days of course, but a crash doesn’t seem likely until much closer to the end of the POMO money… which again, is in June.

Ok, as for tomorrow, I’m expecting a push up in the morning from the 60 minute chart.  Then for it to get overbought in the first half of the day.  Depending on how high it goes, will depend on how long it takes.  There’s nothing to say that we are going up to 1330, as we could turn back down tomorrow if the market can’t get through the resistance overhead and close there.

I don’t know what will happen as the news over Portugal rejecting Government Austerity Measures could scare traders enough to bailout on their long positions fearing a default over the weekend.  The market is holding it together with the manipulation by the governments POMO money only right now, and that will work as long as the volume stays low.  If traders panic some and the volume picks up, then the selling could get intense.

I know that the Illuminati controls the market and the main stream news, but the internet is tougher to suppress… meaning that traders will be reading various blogs and could easily get the news exposed too them, even if the gangsters won’t let it out on network TV.

So the point is… I think it’s getting tougher and tougher for them to hold this market up.  If they can have an “all up day” tomorrow, then yeah… we will likely go to 1330 for a backtest of the broken trendline from the rising channel that started last year in September.

Of course if the gangsters really succeed in manipulating this market over the next few months, then they could take it up to the 138.86 spy FP before letting it crash.  We have to keep our eye’s on the weekly chart as it could turn back up or continue down… I just can’t answer that?

For the short term though, I’ll be looking for a place to short tomorrow after the 60 minute chart looks tired and peaked.  I’ll be watching the 30 and 15 minute chart too, as that should give us the entry spot.  Let’s see how far the morning POMO can push it up tomorrow first, as the charts favor the bulls early Thursday, but later on they should tire out and give the bears a shot.

That’s all folks…

Red

P.S.  Here’s the link to the article with Ben Fulford and David Wilcock…

https://www.kitcomm.com/showthread.php?t=78501).

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Will The Market Breakthrough Resistance? was first posted on March 23, 2011 at 11:13 pm.
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