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 may sound very odd but I’ve got my reasons. One of the reasons is that I don’t want to share my thoughts with big institutions “for free” when they generally do not share anything back to us smaller investors and speculators.
Let’s take a look at some charts, I’ll start with SPY 15min. We opened with a gap up and the day was generally strong all day except that it seems like big guys did take profits last 1h before the close. Due to this, I do not expect a gap up tomorrow or at least gap close intraday (if open < ~+7 today close) but most likely we could see weakness tomorrow.
Also IWM closed with a somewhat ugly 15min bar. Note also the “buy trend/momentum” negative divergence today.
So to sum it up, could expect weakness again tomorrow. I’ll update the futures tomorrow morning with levels for the day (I need the over night price action).
I might continue to publish posts without any restrictions but I don’t promise anything. I also want to thank you all for reading and I wish you safe trading in the future!