Seems to me that smart money is covering shorts on 60min time frame and that gives somewhat higher odds for a rebound (I’ll perhaps update a chart later with volume action) Below a 60min [...]
A short update with levels. Below 1h SPY chart, 162 (SPX 1620) “should hold” or I’m guessing on more down, even below 1600. I’ve set resistance and target @ ~168 if bulls [...]
First off, 1h SPY (and VIX-SPY with RSI). Bearish trend line is broken, note also the positive divergence on SPY-VIX RSI. IWM has not yet confirmed break-out So, what next? I don’t know but [...]
We had a strong rebound from “magical” 1600 + EMA50. Below a chart guesstimate on daily SPX MA20 is now first resistance and I estimate that it will not go straight through. Close [...]
