Gap down open and rebound at open as expected. The down move was (too) strong and I saw a little panic in intraday trading. However, this rebound will most likely fail eventually, I’ll try [...]
Yellow is key area today. I expect gap down open and the gap should be bought and start of a rebound. If we close at low today, need to reconsider what next. SPX 4H
The bigger picture is getting uglier in my eyes. For the very short term (monday, tuesday), we could be close to a rebound. SPY 1H AND VIX 1H I expect one more push down (gap down open). If the [...]
A short update. Price is holding quite good but today “buy trend” is declining, a negative divergence with price. SPY 15MIN CHART Since this is a 15min chart, it is only valid for [...]
A short update regarding the short term. I write this with mixed feelings since there is not really a clear direction for the short term. As a matter of fact, it seems that there is somekind of 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 [...]
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 [...]
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 [...]
