For the short term (today, tomorrow), could see rebound as soon as today. Unclear though if the pullback is over since 1d charts are getting quite ugly (=strong bearish insertion). Below 1h SPY [...]
I’m speechless, open end quantitive easing at a pace of 40b / month (85b until year end). How about that, huh..? FED is buying loans.. what BS is that? What money do they have to buy loans [...]
So, prices broke up as expected eventually. This was however news related (as I wrote earlier, this market needs a catalyst to get going). Bulls used much steam to get higher yesterday so expect [...]
First of all, sorry for no weekend update! Let’s go straight to the charts, below daily SPX. The price pattern/action doesn’t look bearish to me (yet). Normally that should break to [...]
Interesting action yesterday on SPX, have not had time to go through what happened yet but here is what I see on VIX. Below daily VIX chart with MA20 & EMA20. Note that when both these [...]
