Daily Updates

Two days since tagging the top of the ""Blow Off Box", SPX has managed +13p above it without any cash session dippage surpassing an oversold Futures 1Hr chart (why we still have the unfilled gap from Tuesday night and all last week's). There simply is NO CHANGE to any view other than its an obvious delay and we're programmed to expect to see the High of the month posted next week during OPEX since its posted +85% of the [...]

SO SPX tagged the topside of the "Blow Off Box" and closed the overnight gap, but we FAILED to close above 3365.   This leaves us with a few otions while we're now rallying overnight back to yesterday's HOD on the "Trump CAN NOT LOSE" algos with Bernie Sanders having taken New Hampshire and all of the "bite" out of Joe Biden leaving us with 4 diverting horses that comprise ~15% of the S&P 500 which are keeping it +3300: [...]

The SPX "Blow Off Box" 3352 - 3372 has been BUSTED Friday View: Current As everyone is aware of, the FOMO PANIC BUYING of the algos end of the day yesterday, overnight, and currently since the open on RATE CUT/STIMULUS expectations atop the CUTS due to the Virus impact and the obvious ramifications of the virus itself (now with a name and a 18month possible timeline for a cure) SPX got run over the preferred view of the BOUNCE to [...]

Good news is SPX reached inside the "Blow Off V Box" for 3352-3372 with yesterday's final hour on not BUY POWER, but instead NO SELLING AT ALL which is a horrible technical attempt to try and tell yourself "I should be LONG THIS".   $TICK wasn't horrendous (wasn't bullish by any means with HIGH WICK +678), but $TICK/Q was negative all morning while the NQ rallied +100p in what was clearly due to be a 👉👌💩 start to the week. Overnight, [...]

This week we get decent Tuesday little earnings names, SHOP Wednesday morning, CSCO Wednesday evening, BABA & WM Thursday morning, ROKU and NVDA Thursday evening, 💘 Day Friday and a 3-day Weekend.   Anyone wants anything on these earnings, feel free to ask in chat, but I can say immediately without worry:  SELL CALLS / COLLECT PREMIUM. CoronaVirus stats, rumors, conspiracies and videos of store shelves in Singapore groceries being ransacked while massive trucks spraying beetle farts through provincial streets in China are abundant.   Friday the word was FACTORIES [...]

Flat yesterday, but with the ES/SPY overnight ATH unvisited in the cash session on SPX leaving a big ❓ as to the completion of this pop from last week Friday's minor-4 low.   As of 6AM, ES has reached to the top of the Wednesday GAP at 3327.5 (SPX WED Open is 3325), but we already have the MASSIVE JOBS BEAT leaked to us Tuesday morning to kick this rally off: Thus as of 6AM, FUTURES just reached the minimum level to [...]

The BIG Middle of the Middle waiting for someone to collapse cause they have the Corona Virus proved BULLISH since Finkle is Einhorn and we're employing now more people than the consensus shows are employable with the ADP non-farm payroll beat after the fake cure for the fake virus was announced Wednesday morning. Weekend GAP + Monday GAP + Tuesday GAP + Wednesday Gap (ES spiked to 3357.75 last night) = The BLOW OFF Minor V / Wave 1 [...]

From the weekend: And this -123p / -3.69% is all we get before heading into Minor-5 of Major-3 of Primary-V to complete the Cycle since the 2009 LOW which is projected to take us up to SPX 3372 - 3414 for wave-1 of Minor-5 of Major-3 of Primary-V to complete the Cycle since the 2009 LOW?   A close above 3277 hints to the dip being done. SPX 3 WAVE C (Bottomed or Gap Down BOTTOMS) - HINTS MINOR-4 IS COMPLETE AND MINOR-5 [...]

As I was stating in chat Friday and on the weekend:  I PREFER, based off the lack of FAAANG/MAGA selling and the SPIKED VIX for a relief bounce for SPX 3275 - 3290 before the big whack down later this week for 3195 - 3175 - 3155 which VIX will play a big part in hinting as to when and where with the RSIs. The REALITY of that though remains that SPX 3195 - 3175 - 3155 will both OVERSELL the [...]

SPX gap up and run for that +3256; tagging that 3267 for the wave-A of this expected oversold relief bounce with the -30p dip on ES for the -3% line tagging a respectable wave-B which, supporting overnight +3220 should provide the wave-C to close Wednesday after Trump's State of the Union address. Crude crashing past -50 with GOLD and UB/TLT still in overbought zones doesn't contradict the wider view of this oversold relief bounce due to see a longer leg [...]