Trade Alerts

SO last week was OPEX and the pattern prevailed for the 23rd time in 30 and didn't do it pretty by printing it (which is the ATH for now) on the opening 1min candle of the week and wasted a 🔻 Weekly Candle for a measly -1.23%.  We did what was expected which was add the +20p potential from 2996 and just creep inside that 3016 - 3036 range, but the volume was missing all week and the failed re-rally [...]

That OVERSOLD 4Hr and the weak selling was a great setup for the MSFT earnings beat which we knew would catapult us back up into the SPX 3000s which, as futures have held well that 3006 decently overnight, we should see an open near that 3001.15 - 3003 and maybe see the OPEX Pattern used to push back up to that 3016 and start threatening that 3036 as we go into BIG EARNINGS names next week SPX WTD 2019 OPEX [...]

There was 25M volume on SPY with 30mins left to go after that perfect hit in the morning to our SPX 2990 - 2989 and attempt to break back up to 3003 FAILED on one of the weakest sell downs I've witnessed in years.   Not a single TICK registered -800 while the move took one of the nastiest indicators to OVERSOLD LEVEL as we came right smack dab onto that WARNING #1 Both the S&P & Nasdaq broke below -1% [...]

Awesome session yesterday with SPX/SPY/QQQ/IMRN/APRN and got to see some panic buying go into ROKU while the BIG NAMES did virtually nothing while SPY did what looked like a STOP SWEEP by falling out of 300s for a few minutes yesterday. SPX 3014 has worked well for a GET SHORT & OUT OF ANY CALLS pivot, but be aware of three things: Wednesday's have been 🚀🚀🚀 this month OPEX ends Friday and, while MAY Failed, APR High came on WED and the [...]

See that SPIKE open yesterday and sell back down below Friday's High and resist it all day.....   the evidence is beginning to weigh on this rally now in its 7th week and begging for a reason to break up or down.   SPX 3016 has been accomplished and that 3036 is still quite possible, despite the clear divergences on all time frames longer than 1 hour and how its still possible is for a prefect "c = a" which would be [...]

GS shocked many of chartists when it finally broke above the TRUMP ELECTION WEEK canlde range @ 205 earlier in the month and seeing that 50.0 retrace to its ATH @ 213.51 visited this morning has it a HEADLINE tomorrow morning. JPM has been tough to determine if its still in Primary IV or is the clear 5 waves on the Monthly for a TOP (and then DOUBLE TOP) @ +119 ended its SC from 2009. GS 30Day Hour JPM [...]

We pretty much hit the nail on the head: The current SPX micro/nano wave structure is saying we're gonna go up into that possible +20p (+/- 10p) from 2996 to somewhere between 3016 - 3036.   Thats COUNTING WAVES ONLY to see that. SPX 2968 is your NEW #1 Warning with 2952 the PROOF of that and then needing a break below 2931 to PROVE that #1 Warning was a REAL ONE. There aren't any SELL SIGNALS - just the Negative [...]

Plan on this being the case as volume continues to be low and the psychological "into the weekend high" is how the economy gets those extra purchases on the credit cards while she's looking at purses and shoes.   You watched how SPX 2990-2989 supported yesterday and that should continue to be the case as you have the mid-upper 3020s - mid 3030s still for where those 2018 Highs and 2002-2007 Upper channel lines are. REALITY:      As long [...]

ES hit 3000+ on the Wednesday JUL 3 Trump Pump.   Yesterday, another Wednesday, SPX hit 3000+ on the Powell Pump.   What's lacking are SPY 300+ prints as we only have 299.66 and still on the Weekend path: The current SPX micro/nano wave structure is saying we're gonna go up into that possible +20p (+/- 10p) from 2996 to somewhere between 3016 - 3036.   Thats COUNTING WAVES ONLY to see that. SPX 2968 is your NEW #1 Warning with 2952 the [...]

BULLS saved themselves by the skin of their teeth on the SPX 2964.15 fractional gap below to WARNING #1 thanks mainly to a memo that went out with no headline or title that AMZN was going to save the day on a fake GOOGLE Prime Day is Monday, JUL 8 (it's literally the only catalyst anyone can find).   FED speakers were clear about no reason for interest rate cuts in their comments yesterday, but we'll see what POWELL brings when [...]