Cobra's Market View Private Messaging System shows:
Three tricks today, 2 for up 1 for down. A little bit complicated because CPCE may have higher priority on ISEE index so you may argue that actually should be 1 for up 2 for down.
Personally, I’ll pay attention to 8.1.5 Normalized CPCE tonight, if it drops further after the CPCE readings are fixed, then probably we’re very close to a short-term top. And also please take a look at 08/28/2009 Market Recap: SPX new high while NYMO below zero (about QQQQ), because today QQQQ formed another black bar again.
CPCI > 1.55, 9 out of 12 times a green close the next day.
And today we did have CPCE closed below 0.56 which might affect the above mentioned ISEE index and itself also has 70% chances leading to a red day next day (I didn’t count today because it’s the dividend day for SPY).
Enjoy your weekend!