Being we're at a wave topping event period on the SPX/NDX, it beehoves the chance to spend the time to look at the WORLD which, if you need reminding, have begun their wave-4 with almost all of the globe 🔻-1% or greater earlier last week when SPX gapped down to that LOW 3355.64 and made NDX rally +1% using the same 6 stocks. JAPAN With the NIKKEI HIGH posting when SPX topped in JUN @ 3233, the sloppy overlapping mess [...]
Yesterday's gap down on the markets with the GLOBAL INDEXES all closing down -1% or more, SPX dipped into that 1st gap filling back to 3333.69, but cleanly avoided CLOSING below 3360 which until it happens, the assumption you are going to print SPX 3400 / SPY 340 before the downturn should remain which I will add: EVERYBODY is a hero in a Bull market/run, but it is down markets/moves that separate the men from the boys. It’s easy to be [...]
Yesterday was the smallest range and volume session on SPX since the ATH placement on FEB 19 Coincidence? Using TSLA & NVDA, with a combined weight on the NDX of 5.22%, Nasdaq remains the key ingredient for SPX support which TRIPLE TOPPED that +3387 and wound up -0.40p shy of the OPEX PATTERN production above 3387.89. NOTHING CHANGED STILL with SPX riding the 2016 - 2018 LOWS LINE all day yesterday and SPY having rejected pre-market the APR - [...]
Last week we saw SPX open and close +16.81p on the week and leaving still the 3 unfilled gaps from the end of JUL open with the ATH still untouched and the DOUBLE TOP created last week @ 3,387.89 - 3,387.24 due to be broken with the OPEX PATTERN here: The UNFILLED GAPS going back to the JUL 31 CLOSE @ 3271.12 remain: 3,355.46 - 3,333.69 3,317.37 - 3,306.51 3,284.53 - 3,271.12 With it OPEX WEEK and the 3,387.89 - 3,387.24 DOUBLE TOP under [...]
SPX CLOSES RED but above the Open.... Welcome to your BLOW OFF Top RETAILS SALES are due out @ 830 and you already know they will a BEAT to make Kudlow's "V-SHAPED Recovery" sound better than it looks Your unfilled gap from Tuesday night is as LOW as you should even consider for today and really the Wednesday LOD 3355.46 if you are gonna scalp today's SPX/SPY expires as we saw yesterday come SMACK to the SPY 2016 LINE after [...]
Yesterday the ALGO MACHINES attacked 4 stocks and used the rest of the heavy weights for support as the NQ which was slammed to its lower keltners on the 1Hr Monday & Tuesday as the media pumped "value stocks" went and slammed its upper keltner - causing SPX ride upon that FEB 2016 - 2018 LOWS Line for this wave ending into BRADLEY next week (and OPEX) to attempt the ATH. ALL indexes are riding above their 5d MAs as [...]
Yesterday SPX ended the close ABOVE the OPEN streak and here's what happened: SPX NAILED 3284 (Friday's LOW) coming off Xtreme OVERBOUGHT on all time frames $TICK/Q & $TICK recorded multiple -1000 candles after BIDEN was due to announce KAMALA NQ has now 2x this week pushed to its LOWER KELTNER on the 1Hr QQQ CLOSED below 268.45 DOW & RUT didn't even dip to their 5d MAs on the LOD yesterday DIA PUTS BUYERS got 1 of the 3 gaps [...]
Yesterday SPX closed ABOVE the OPEN for the 9th consecutive session: ------- THE 9th consecutive CLOSE higher than the OPEN has happened: only off the JAN 2019 re-drop bounce have we had a longer streak being that was an OBVIOUS bounce where we were targeting 2650 - 2625 (nailed it), no BULL STREAK like this has ended NICELY MAY 31 - JUN 8 FEB 3 - ATH had 2 CLOSE lower than OPEN in its 12 session topping No streaks have [...]
Apologies for the late week watch update, but getting smashed by a water logged 48hrs of torrential rain typhoon that hit virtually all of Asia, I'll get straight to the point: SPX ATH is in play until we see a CLOSE below SPX 3317 & 3284 & fill last weekend's gap and CLOSE below 3271. Into anyone of these, we're likely to see an OVERSOLD 4Hr which defines the crystal clear BTFD BOUNCE due while we're on the longest GREEN Open [...]
This weekend marks 2 months since we've been watching for this SPX FEB 21 - 24 COVID WEEKEND GAP from 3260 - 3338 to fill and it's finally done and couldn't have been a more perfect time frame to do it being its JOBS Friday and FRIDAY is when HIGHS like to be placed like the: JAN 2018 High, SEP 2018 High, JUL 2019 High With JOBS Today and the kitchen sink thrown for this GAP FILL with everything from [...]
