Turtlesoupsell and WR7

OK, first off, if you followed the pivot numbers, when it was above r1 655 and heading towards r2 658, you should be all ready to initiate a short. (ecxcept of course in the case of pattern violation). Closed it out at pivot 650 or s1 or lower channel. It was a healthy $300 per contract. Now we got a turtlesoupsell and an WR7. Tomorrow's numbers are 658, 654 and 650. You know it is trend exhaustion. Going back in time, we had a tutlesoupsell, WR7 on May2 and a sell off out of the channel 3 days later. Right now the market is in a stochastic pop situation, initiating longs are not wise. With a TSS, WR7 the possibilty of going past today's high of 659ish without a retracement is very slim. If the retracement is to occur, the target is between 618 and 786 Fib and that is approx. 642-644ish and again as noted before the weekly s1. See if the PPI tomorrow will push it down. The FIB EMA 233 so far is capping the advance. OEX is capped at 653ish so far.

2c