All in the video. Watch for a pullback this week, maybe starting tonight, maybe starting Monday or Tuesday. A little more chop into big tech earnings in early February is likely. Gold looks strong but the Dollar is warning of a reversal soon. Oil is a short still and should have trouble in the 83 area....
Good luck!
Good luck!
코멘트:
perhaps this modified Schiff pitchfork is a better structure for the current market. I'll keep it on and see. It gives a median line target close to the double bottom area I mentioned.
코멘트:
if this pitchfork is correct, we should sell today and tomorrow.
코멘트:
put call still very muted, open may be something like this
코멘트:
according to the pitchfork, 3840-3810 should be the target.
코멘트:
we're close to a structural resistance level, needs to hold for the bear move to play out.
코멘트:
ok as far as I can tell they are trying to convince everyone it's a breakout. I have my doubts still. Staying short.
코멘트:
aapl back to previous trendline resistance with lots of hidden bearish divergence.
코멘트:
good morning, a little higher on tech would not surprise me as we're close to the 200ma, however, spx got rejected again at it's 50 weekly again, so we'll see what happens.
코멘트:
weekly 50ma is the blue line on ES
코멘트:
serious divergence on the Baltic Dry Index www.investopedia.com...baltic_dry_index.asp(BDI)%20is%20an%20index%20of%20average,important%20materials%20used%20in%20manufacturing.
코멘트:
BDI
코멘트:
some resistance here, not sure if it will mean anything significant.
코멘트:
they stopped there after an overshoot. looks like a C wave, we'll see if it holds.
코멘트:
now we have room on the 4hr rsi to drop. i think it's starting today, but no guarantees. msft earnings later may confirm or deny the bearish move. out for the day - best of luck!
코멘트:
bearish action overnight, but honestly it looks corrective. With tomorrows econ numbers, one more high is still on the table. mid time frame rsi also hinting at wanting another pump.
코멘트:
SPY will open at the combo of the 10 and 200ma, should be support. Another thing to be aware of at open.
코멘트:
overnight structure I'm watching
코멘트:
breakdown under the 200, any bounce to it should be a short. Target 18ma (red line)
코멘트:
to be honest, this doesn't look bearish as of now. RSI on 2 hr was pretty low at the bottom so a bounce was expected but it's a stronger bounce than bears would want to see. Personally I'm just going to wait for the numbers tomorrow. I think another high is still possible
