Pullback coming here.. 1 , 2 , and 3hour over bought on oscillators. 4 hour candle completely outside Bollinger bands.
1st target - 4160
2nd target - 4135
If we bounce in the area of 4130 I expect it's forming the head for a Head and shoulders
Use my levels for reference
1st target - 4160
2nd target - 4135
If we bounce in the area of 4130 I expect it's forming the head for a Head and shoulders
Use my levels for reference
Commentaire:
Looks like that chop has formed a H&S.
You can see H&S also on the 1hour for
RTY (Russell)
Ym1 (Dow)
Fell out of its wedge and chopped....
Looks like that chop has formed a H&S.
You can see H&S also on the 1hour for
RTY (Russell)
Ym1 (Dow)
Commentaire:
I like ES long to 4147.. if it can break that 4160..
Commentaire:
3 white soilder candle on spy
3 black crows on VIX
Should have 1 more hour pop before profit taking EOD
3 black crows on VIX
Should have 1 more hour pop before profit taking EOD
Commentaire:
Spy 1hour... the pullback is cool , most rallies aren't V-shaped; they come in the form of bullish pattern like the double bottom late last week
Possible scenarios going into tomorrow,
I don't think we'll break 408 Before FOMC
1.We could rally up to 414 (White trendline)then sell.
2.We could rally up to 414 , breakover and target 418..
Possible scenarios going into tomorrow,
I don't think we'll break 408 Before FOMC
1.We could rally up to 414 (White trendline)then sell.
2.We could rally up to 414 , breakover and target 418..
Commentaire:
Don't blow funds trying to scalp short this... if spy breaks 407.50 it's done! Until then things are still oversold and there's a high chance of a bounce. If you want to position yourself for a short wait for thing to recover more
Commentaire:
Here's the vix Cci on 1hour..
Each time it tagged that blue line the vix sold off ..
Simple logic is not to short if the vix is dumping ?
Here's the vix Cci on 1hour..
Each time it tagged that blue line the vix sold off ..
Simple logic is not to short if the vix is dumping ?
Commentaire:
ADP non farm comes out Premarket tomorrow.. like I said before, it's rare to see a V shape recovery. I'd be more inclined to see a double bottom if market does rally.
Bearish case, a retest of 409.50 or trendline
ADP non farm comes out Premarket tomorrow.. like I said before, it's rare to see a V shape recovery. I'd be more inclined to see a double bottom if market does rally.
Bearish case, a retest of 409.50 or trendline
Commentaire:
Last update guys.. I'll be closing my Spy calls out EOD. Still swinging Xom..
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Commentaire:
Break above and the next targets are 4175 and 4206
Reject and flush and the targets are 4135
And 4118
Sitting below trendline and 1 hour 200sma.
Break above and the next targets are 4175 and 4206
Reject and flush and the targets are 4135
And 4118
Rising wedge...
Look for a flush
May play games and pop to 4200..
Target still 4160