A fast update now since I’ll be on a trip tomorrow. We had a volatile intraday today with a strong close. SPY is at short term resistance but since the close was that strong, expect more on [...]
Market pretty much did as expected yesterday; first gaining to 1330-ish and then sold off to ~1310. The last ~20min was though really interesting yesterday, the rebound from ~1310 to ~1320. My [...]
The rebound yesterday was strong. We may see more on the upside but right now it seems that this rebound will not hold (another bottom test perhaps?). Below SPY 15min chart, as you can see this [...]
First support & resistance for today on a 60min SPX chart. 60min SPX 1st support & resistance levels Note also MA20 @ 1395. SPX bearish below 1380. No major macros today
Yes, this could be the last public update forever (or at least for a while). I might actually at some point make this blog private and only approved readers could get access to my writings. This [...]
This is going to be a tricky call since I’ve mixed feelings and signals. The shorter timeframe is still negative but I have some quite nice signals on higher timeframes promising +5 days of [...]
Yes, SPX did close at resistance but the rise today was very strong. I don’t expect big up day tomorrow but I don’t expect a big down day either. I need to go through more charts but [...]
First of all, SPX has broken out of the declining short term bear channel and is now in a bullish channel. On a 60min time frame, this bullish channel is though nothing more than a bear flag [...]
The rebound seems quite strong at the moment. I don’t think we’ll see the same pattern once again as seen on the 4h SPX chart below. I don’t know how far the rebound will go but [...]
Might see rebound today but the 60min SPX chart below reminds me still of a bear flag. The red area on the chart is resistance if we rebound today. If we close above the red area, we have to [...]
