S&P after the pit session close

follow through to downside is expected, but keep in mind Friday is first of the month and a jumper trade is possible

Remember the mind grows strong through use. Struggle makes power.

Napoleon Hill liked to tell a story about his grandfather, a wagon builder in North Carolina. "When the old man cleared the land for cultivation, he always left a few oak trees in the middle of the field at the mercy of the elements, unsheltered by other trees in the forest. It was from those trees that his grandfather made the wagons’ wheels. Because they were forced to struggle against the fury of nature, they grew strong enough to bear the heaviest load. Welcome difficult challenges, for the greatest opportunities will come from challenges that force you to expand your mind as you search for creative solutions. During life’s bleakest hours, take solace in the face that you are strengthening yourself through struggle so that in the future you will be prepared to take on even greater challenges. Like the old oak tree, you grow strong only when you are forced to struggle."

Leadership

Leadership, click to enlarge

looking at the week ahead

                         

through an analysis of S&P emini futures contract   

                  

                                     http://etradingrealtime.blogspot.ca/

trading secret, hmmmm!

looking at the week ahead

The path of lest resistance is downward and more down is expected, but we are  oversold, so there could be a swift bounce towards 

20 ema area, and then resumption of downward move.

FB

it may take some time, but it is possibly a profitable strategy trading an IPO

ZNGA, here we had similar situation and achieved measured move up after b/o of first day trading day

markets now

The decline from high to low is close to 9% now, and we can start looking for signs of buyers, but we need to wait for that to happen not anticipating just following price action. The price is never to high or too low. Possible little crash before things turn around and longer time frame players come to play.

markets