Market Forecast for Thursday

Choppy times ahead. The market is wandering around looking for a trend and not finding it. Its not finding a piece of news to latch onto. There is Greece having a bad few days down 60% in the market, and China being artificially propped up via its government. There is also the commodity crash that is currently happening right now that is the worse that its been since 2008, and Apple is starting to stumble.
All of these things are not contributing to a roaring bull market, but then investors are not ready to throw the towel in just yet. So as a result, we are wandering around sideways with not much happening. Lets look at the chart:

I have displayed several new indicators here on the screen. The top is the Aroon indicator, a nice force indicator letting you know about momentum. The one underneath the candle chart is the Williams %R indicator. I like that one because it tends to be more predictive in nature, instead of a trailing indicator like the MACD. Its great for help in IDing tops and bottoms. Then another great one is the ADX with DI -+. This lets you know whe a trend is about to flip and go the other way. So as you can see that I indicated on the above chart, all of the indicators taken as a whole geshallt thing are signifying that more chop is coming.
What kind of chop you may ask? I would say tomorrow due to the top candle there is a 75% chance of a down day. The only reason its just a 75% chance is that there was a slight gap up from yesterdays candle and that inidcates strength. However, there was a tail on top of the candle.
If you look at it further, there is a double hammer reversal bottom. Seeing that the hammer wasn't close enough led me to the conclusion that it was only a 25% chance of happening...thus I did not do a spread.
So. If tomorrow we do have a crazy jump up, its cool. We simply wait out for a top then double down and make our money back. If tomorrow is choppy and down, we will just exit our put option.
How can I lose on this? If tomorrow the NASDAQ just took off and kept pulling hard north like in 1998/1999 and not looking back for a year as it kept climbing.
Is that going to happen?
No.
Until tomorrow.

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