Trade Alerts

With the 161.8 retracement extension looking like it was due to work into the close yesterday, SPX 3308.09 for a wave-iii top fit like a glove (until it didn't).  That final 1hr of pure Bucky Larson fund flowing for that push then brought the 161.8 retracement extension on SPY into picture @ 331.15 (which appears to be holding overnight). If we ZOOM IN and try and nao forecast this subdividing subdivided 5th wave, SPX 3316.73 fit (which we got) and [...]

Not much to add to yesterday's mention of the sell divergences and required drop points for a hint of a confirmation the grind up is complete.   What can be updated is the accomplishing of the double 161.8 fibonacci cluster @ SPX 3307 with the ES overnight 3308 High SPX 3306.18 is your 161.8 fibonacci extension off the JUN - JUL - AUG pivots SPX 3308.21 is your 161.8 fibonacci retracement extension of the ENTIRE SEP-DEC 2018 DROP Yes, the [...]

Monday night produced the ES 3296.75 tag which was a hopeful target to revisit in the regular cash session Tuesday for SPX to print that 200.0 fib extension @ 3296.83 for our 3297.  The -20p drop Monday night into the EU open without any rhyme or reason besides "dumps begin in Asia" V-bounded prior to the US sunrise. With Monday's usage of the Nasdaq COMP to boost the SPX for the High of the Month #OPEXPattern achieved and then rolled [...]

#OPEXPattern Prevails    SPX accomplished both +3283, but also the 3297 on the ES overnight, thus lining up for it to be printed during the cash session in the coming days as was the ES 3287 from last week due to be printed as it did in yesterday's cash session. RISK above "looks like" ~10p more to give for 3306-3307 using the ES 3296.75 overnight high, but there is no SURETY that we don't continue onward +3336 through next [...]

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 [...]