Gap fade

To fade the gap is when the futures are up or down.... when we are range bound it's likly that we will go back to "Fill" that gap.... so if we open up we will trade down, and if we open down we will trade up.

I'm hoping for an up opening, so we can have a pull back in the first 30.... and it will help to generate the downside momentum.... that I want.....

I like the limited bearishness today.... it's bearish.

Triple tops are nonsense.... that technically is bullish... maybe not near term... but if you test down 2 times and up 3 times.... it's bullish... but it may require that 3rd down test... so if oil pulls back to 92 which is a 50% retrace.... a run back up is likely from there and it should break to 110...

Let me just say... All my bullshit is opinion, I'm not a Killer Pro Trader, or Economist.... I'm kind of an Asshole Troll. willing to share his opinion with anyone willing to listen......

sometimes I'm throwing out opinions that are so fucking unfounded it's ridiculous...

I was mentioning yesterday that the carts I was seeing on commodities looked toppie.....

and some it's true... but gold and oil are bullish.... Wheat and maybe some of the metals are looking near term toppy.... but I expect a Secular Bull in commodities..... It's just some things I'd be careful of... and if we get another run up.... My next bearish Thesis' will be against emerging markets... particularly china and india... and commodities..... Not that I don't doubt my Secular Bull... but there is a good chance of weakness this year for a little bit.... they have made a great run... but it will be time for a significant pull back.... Which will evolve into another Bullish run....

so... I'm just saying..... these are cautious markets to be in Near term.... But Secular Bull cycles.

As they say third time is the charm... and many times when you test a trend line or a level of resistance... what you get is what I call a "Dying Quail move" where you hit it the third time... then it makes a move to bounce... then suddenly reverses and breaks the resistance..

always a chance for just more range bound action today....