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The chart(s) look quite ugly, both on 60min and daily time frame. On 60min chart there are though some positive signs: The drop yesterday was not as ugly as last friday (look at volume flow) [...]

I’m back from a nice vacation, Croatia is a good “family vacation” country. Not once did I see any criminality anywhere. Even at the beach we could leave our things, go for a [...]

Seems to me that market is in “wait and see mode”. It is OpEx week, VIX is somewhat rising, intraday volatility not bullish nor bearish. SPY 15MIN CHART I will not post any further [...]

On a trip, update coming later…

Futures opened with a crazy gap due to positive news from Spain. Really hard to set any levels for today, below 60min SPX chart, no comments…

So far it looks OK but I think we should not expect big up moves from next trading session. Flat trading a couple of days would actually be quite good (= less volatility, back to normal). Also [...]

SPX futures made a new overnight low but the picture on the 15min chart below reminds me of a bull flag, break-out target ~1350. If SPX breaks down below ~1305, be careful on the long side since [...]

This market is getting harder and harder to read. That is, if the bottom was in and there will be no “bottom test”. I looked through some charts and frankly I could not see a [...]

We have a new high over night on futures. Pullback “allowed” to the green area today. SPX 15MIN CHART We also need to give some attention to unemployment claims since the overall [...]

What a day, I did not expect such a strong day. And no sell off towards the close as I somewhat expected this morning. So, what next? And most important, was the bottom after all in? Well, only [...]