What a wild week (from a news headline POV) for the 1st full week of the decade: WW3, JOBS Miss. Last week we had it lined up and it did produce: They have the BLAME now if it gets used and its usage will be good for NO MORE than SPX -220p really. Any break and close above 3258 looks to top off at that 3270, but DOES NOT discount the chances of still seeing 3306 +/- 3p for a [...]
Earnings season kicks of Tuesday morning with headliners JPM, DAL, INFO, C, & WFC. I can't and won't post every single ticker out there reporting, but I've got the chart (or can have it if not already drawn) so DON'T HESITATE TO ASK for any chart any time usually I'll pick an appropriately applicable time frame to be able to show the tradeable range Wednesday morning we get BAC & GS, CSX after the close on Thursday and then end the [...]
Its JOBS Friday, NQ has achieved +9000 and the JUN-JUL-AUG 161.8 fib extension and ES has reached 3280s with SPX topped yesterday @ 3275 having started the week looking for Any break and close above 3258 looks to top off at that 3270, but DOES NOT discount the chances of still seeing 3306 +/- 3p for a minor-3 Top - which still will be looking to drop NO LOWER than 3050 for the BTFD ALARM for a +300p rally into [...]
Alex, can I get war optimism for New ATHs? Whoever says they saw a ~3% overnight rebound on the ES and +300p move on the Nasdaq after the Iran retaliation Tuesday night for what resulted in new ATHs prior to yesterday's close can buy the beachfront home for sale in Iowa thats listed on eBay. Miraculous strength with negative integrity, divergences are divergences until they aren't and yesterday's colossal recovery (unseen since the Election Night results in 2016) did [...]
Tuesday was another blob of nothing on the indexes as the roll offs from YM & RTY shifted into the NQ while the volume which used to be +25,000 per pip on ES in NOV - DEC had just one price pip (3240) with over 10,000 yesterday as ALL the volume has shifted over the NQ. The BOMBS from Iran took ES to 3181, NQ to 8678, but what the naked eye can see is the paired 1:1 ration [...]
So the WW3 gap down to begin the week FAILED to break under that necessary SPX 3212 and instead saw a strongly disputed reason for upgrading GOOGL/GOOG on CNBC fall on deaf ears as it alone supported the market rebound (WHICH WAS NOT OVERSOLD ON ANY TIME FRAMES) until a misread report that troops will be leaving Iraq could be used for the EOD push. The result is a revisit of ES to that 161.8 fibonacci extension of the [...]
While we might be on the brink of a war with Iran, get this: "citing people familiar with the matter, China reportedly plans to send delegation to US for 15 January trade deal signing." Futures gapped down Sunday night and have stabilized since: just missing the FRIDAY LOWS on the NQ while the ES supported +10p above Friday's LOWS while Crude is riding atop that perfect channel its formed since the SEP 30 Lows. The ES LOW from Friday = [...]
Ending 2019 and starting 2020 last week, the DIP to start it bottomed a clean 5 waves down to 3212 then the RAMP to kick off the year followed by the REASON to dip what looks best as an impulsive-B wave to the new High JAN 2 followed by the gap down JAN 3 blaming IRAN for the why. A break below 3231 needs 3225 to break and ultimately break/close under 3214. Any break and close above 3248 forces us [...]
The first session of the year, like 9 of the past 11, closed green, but with a BLOW OFF TOP which was the message I was implying that I see these ES 3252.66 - NQ 8820.25 working as B waves of wave-iv with C due to see 3192 minimum. A PROPER OVERSOLD indicator after some -1000 $TICK readings and then yeah, I'll have an honest reason to say lets go BTFD for wave-v for +3300 Being in minor-3 of Major-3 (the [...]
Hangovers are gone, FOMO has arrived (for AAPL), and the perfect 5 wave pattern down on SPX FAILED to complete for a personal target of that 3206, but the buy divergence on the 1Hr (below) with the complete lack of selling during the -1.11% < 3day decline is about to open the new year/decade OVERBOUGHT on the SPX 1hr (below) with FUTURES already OVERBOUGHT on the 1Hr (below) and entering OVERBOUGHT on the 4Hr (not shown) SPX 1Hr Futures 1Hr (link [...]
