All in the video. Along with SPX I talk about QQQ. Target for both should be the daily BB. TYX is about to spike up hard, watch for more news and panic about yelids, that's probably going to coincide with the market bottoming. I expect a low in late October/early November.
Good luck!
Good luck!
Commentaire:
A small bounce at open is possible but I don't think it gets very far. We may just consolidate today as well. I expect lower but there is BB support below, I'll post after this -
Commentaire:
On SPX 4226 is the daily BB, I expect that to be the target before another bounce, we may get there today.
Commentaire:
after losing the 18ma, some attempt to get back to it on spx usually occurs (see boxes in the chart), so if we have a rally today in the morning, it may try to get close or touch the 18ma currently around 4312. It's possible, so best to be light and see if we can get any snapback before more selling.
Commentaire:
15 minute strong bull divergence hinting at this -
Commentaire:
small channel break down. Target looks like 4230, but they may try to reclaim it first.
Commentaire:
Vix looking like it's going to breakout, but I don't think it would last long before a retest of this important level. However, if this is correct, the SPX bounce will be weak and we'll have more selling after.
Commentaire:
IWM head and shoulders target I mentioned a while ago is 165, we're close. I expect it goes a bit lower, but not much before a small rally. IWM is often la leading indicator for the markets.
Commentaire:
be careful here - we're close to the double bottom I mentioned and diagonal structural support. I'm done for today. I still think a bounce to test the 18ma is coming at some point today. Careful.
Commentaire:
hidden bull divergences on hourly chart with RSI close to extreme - please be careful
Commentaire:
we may get a bounce to 4270 on Monday, I'm looking at this structure and bull divergences on the small time frames.
