Sorry, but I'm sick of regurgitating the same SPX nowhereness over and over. 3104 is above with 3121-3123 ideally the sweet spot while there is no such thing as a dip until a) VIX 13.39 releases above and b) SPX breaks 3077.46 and pressures/breaks 3066 with that 3060.62 from 2 weeks ago Friday on NOV 1 the algo's favorite "keep the month green" support. 1st of 6 unfilled gaps from OCT closes @ 3037.5 which breaks the 20d SMA, the [...]
Opex Pattern Accomplished via the High of the Month placed and it just missed our 3104.13 target, but that's all good with the plethora of negative sell divergences built in the DOW, Nasdaq, SPX and now the RUT while allowing positive buy divergences to setup on GOLD, TLT and the one we keep harping about on the VIX group. Divergences are divergences until they aren't as we saw JUL rally the entire month off a negative sell divergence that placed [...]
As it is OPEX Week, we should be seeing SPX take out 3098 and posting a "High of the Month" during this and trying to do anything more than react until we have something to prove from is going to continue to be the scenario. As all can see, there is a running sell divergence on the 4Hr charts (SPX, NDX, RUT, /ES, /NQ) with sell signals on them (and the /YM), but without a break below 3065: they mean [...]
Each session, emotions via the 1min charts get more involved being many forget or weren't around those last 2 weeks of JAN 2018. We went into last week expecting to see SPX 3083 and it proved quite nicely ahead of the "CHINA TARIFFS" headlines which were falsely true and allowed for the ES's version of 3083 @ 3093.75 work well, but its OPEX Week and the Pattern for the "High of the Month" outweighs it not occurring, thus that 3104 [...]
"They're removing all tariffs" to "They're removing all tariffs" to "Tariff rollback faces fierce opposition" 操它 Cāo tā when it comes trying to trade headlines, but from a timing of this wave iii top off this week and the PIT BULL Low window able to use the sell divergences on the ES & NQ 4Hr RSI ahead of OPEX next week... that ES 3094 appears to have been the algo cut-off spot with $CPCE reaching a YTD LOW intraday yesterday [...]
We're thus far holding the Mandarin written blog post translated into english headline from 2:32AM Futures updated (for the 19th time in 5days) with the ATH retracement levels NOTE: I've noticed the algo's seem destined for the 161.8 retrace extension of the JAN - FEB 2018 -11.47% drop which sits atop ES @ 3093.72. Doesn't come into play on YM (28760) or NQ (7593), but a magnet with the 2009 BEAR Extensions all accomplished Be aware that neither weekend gap [...]
So we're 4 sessions into NOV and we've closed @ SPX: 3,066.91 3,078.25 3,074.62 3,076.78 Daily Open-Close ranges the last 8 sessions which includes the NOV 1 (Friday) JOBS/ISM miss rally: +7.30 +1.50 +7.03 -9.34 +16.19 -0.71 -6.18 +1.68 Hey, we filled a gap yesterday on the trade delay headline 🥳, but we didn't close below it 🤬 since you can OVERBUY the SPX 1Hr (as you can see on your [...]
So REPO was ONLY $31.1B Tuesday and markets we're flat after the initial move down which still has not filled the 1st of 7 gaps (3067) with Friday's 3060.62 fib pivot proven then and due to be a clue that iii of 3 has in fact topped off and iv is in progress. Do we only rally when over $60B in REPO is handed out before the open? CHINA TARIFFS or NO TARIFFS is what is now the replacement of the Phase [...]
SPX took stright for that 3083 (161.8 of the JAN 26 2018 - FEB 9 2018 fib retracement) and has taken to 4 of the 5 targets from a week ago: 3047; 3056; 3061; 3083. The last one remaining sits atop @ 3104 and with the ES having posted a new ATH (obviously) and reached its 2009 BEAR 161.8 @ 3077 after SPY then SPX accomplished theirs, the YM's new ATH (it had taken to the 2009 BEAR 161.8 when it topped in OCT [...]
Last week's FED Decision, AAPL's DRE and the continued REPO provided 2 of the 4 targets from the "SPX missed the ATH by 0.59 Friday and that 2009 BEAR EXTENSION @ 3047 sits above still with the JAN - SEP 2018 (may as well be JUL ATH too since it missed by less than 1p) Highs Line just above that where you start getting into fib extensions: 3056; 3061; 3083; 3104" 3083 = the 161.8 extension of the JAN [...]
