The short term SPX trend is now down (mid term and long term is still up). I didn’t see yesterday sell off @ close coming, might have to close that buy with a loss today. Not a single clue [...]
So, will there finally be some action today? I hope so because I’m on the edge of getting bored by this market… I’m probably as boring as the market since I still have the same [...]
It is still ~30min to go on this trading session but VIX & SPX signals a heads up if both close at these levels. I would not keep long ST trading positions over night! Better update coming [...]
Nobody is interested in selling nor buying at these prices. Also not much to write about. Levels are on the SPX 4h chart, 1420 is still resistance but a touch of this level would be bullish [...]
I will not post an update today EOD but here some quick thoughts. The bearish 15min seen yesterday had no follow through today. It was a nice setup though, almost too bad it didn’t play out [...]
The bearish cycle is week on a daily chart. On a 15min chart bears are trying to push down, 1h VXO to the right. 1400 is support and 1420 is resistance.
My odds are now 7:3 that we’ll test ~1390 tomorrow (or not at all). I have to browse through more charts so until later, here 1h SPY chart Video of the day
Futures does not provide much about what is coming. SPX 1420 should provide some resistance. Very low on macros today,German Ifo Business Climate @ 11.00 GMT+2. Forecast is 102,7 and it has [...]
Bulls managed to stay above 1400 which I mentioned as an important level for this weeks close. This is obviously a good thing. I will not do much writing, I’ll let the charts speak for [...]
