puts or calls? It's a long setup, right?

I wouldn't bet on it. 7 to 1 upvol/downvol

and now a solid higher low above the wedge at 2747.

Matt, your 60 min SPX chart sports a 12 pm hammer or doji candle at the lows, and a break above its high for the 1 pm candle.  That and a (slight) break above the previous bounce, plus the new stimulus, may mean we get a bigger bounce.  Attached chart shows a 1min wedge, it's already broken it. A bounce target might be the 9ema on the 60 min chart, 2774 or so.

More of an after mkt hours question, btw.

Just saw Darrell Kronk (pres., Wells Fargo Investment Inst.) on CNBC.  He said when looking for a capitulation bottom, watch for risk-off/defensive sectors to sell off. Risk-off = utilities, REITs, gold, etc. And he says we may be at or near a capitulation sell-off because the defensive stuff is selling off today.

Is there a standard/accepted way to measure this condition? Might be a good indicator for when to act on a buy signal. Otherwise, talking heads just say things like, now looks like a good time to nibble at a few things, which is not very valuable advice.

And cheers, Matt! We'll see how long I last this time, lol.  Roger

Mostly already hit target by the time I made the chart. Too slow....

I winced and held my breath as I watched the morning drop, but held on to see if it would make a recovery. Once the morning low was in, that was my stop. Sold at only about 5.25, though, as I didn't want it to turn into a loser.

Actually, I am not confused, just wanted to hear more on how you view the count you gave. Thanks!

I realize that's not always true, btw. But thought I'd get your opinion on this particular case. Could it mean it's an ABC up?

Just eyeballing it, your (3) is about as long as (1). But shouldn't it be longer? i.e., 3's are long compared to 1's and 5's.

Diamond pattern on 10 min SPX, resolving down.

Listened to the newsletter with this Larry Carlton Robben Ford album in the background. Worked great! https://www.youtube.com/watch?v=qkXgYU9lWlI

Double top on XLE, 30 minute chart.

GOOS breaking out.

Matt, thanks for covering swing trade ideas. My small SEP IRA can't be used for buy-today, sell-tomorrow trades, at least not as the main type of trades.

A daily view of EEM, triangle. There is a resistance line within the larger triangle, in dashed yellow.

ALB, now testing the higher trend line. Matt, this is a commodity play in a way, no? Among other things, they produce battery grade lithium.

Here's ALB, showing a bullish wedge. Josh Brown, the only guy I follow on CNBC (because he combines fundamentals/research with strong TA) was pounding the table on ALB last Friday. Depending on how you draw the upper wedge line, it has broken out. I own it and added a bit. Steve or Matt, any helpful comments on my drawing? I am keeping it simple: other than price, just the 5ema, 9ema, 20ma and 50ma in the chart, and 5 RSI plus volume below the chart.

Yep! I played tennis and had coffee with a friend before teaching my guitar lessons.