Update on the markets - spx oil metals and yeilds

업데이트됨

all in the video. I expect a pullback starting today or at least this week, but if the pullback is relatively small and the rsi drops hard, expect over 4600+ in december.

Good luck!

노트

hard to say what comes today, lower would have support at 4520. Higher would be resistance near 4600.

노트

looks like they will go lower, but with the hourly rsi already very low 4520 will likely hold as support.

노트

qqq likely target is the gap at 383 - also it's daily 18ma. Interesting that small caps and DJT are holding relative strength today - sometimes a leading indicator.

노트

support area on spx, this could be all the selling there is today.

노트

looks like a falling wedge to my eye, of course it could breakdown and that would be very bearish.

노트

broke up, the question is - does it fail? Regardless the price action is choppy and terrible

노트

maybe this into next week, the price action is not really bearish, just choppy and time wasting. Markets can correct in time and price - this feels like a time correction.

노트

DJT is up 1 percent today. It's definitely looking bullish and has been lagging for much of the year.

노트

this still looks doable into next week.

노트

ABC still possible, but small time frame RSI is already oversold. Hard to tell what will happen. UNder 4540 and it probable makes it's way down to 4520-4500