Daily candle well inside BBs

popped up to 50 SMA, then retest of broken wedge and 20 SMA AND 9 EMA... nice! Good place to go long with a tight-ish stop.

Steve, can one read the 5 min SPX as having come up to the 20 MA in wave 2 of 3, now starting down in 3 of 3, on its way to make a 5 wave impulsive move down?

VIX didn't get to lower BB on the daily chart.

in this view though it's come back to the 50% fib of the move down. I think I might move my stop to about $106.

hmmmm, has taken back pretty much all of yesterday's candle. Thoughts welcome.

Thanks Matt, great guidance as always from BPT.

Nice daily reversal candle on oil. Matt, do you have any targets in mind?

interesting spinning top-type candle on the SPX - Steve, any thoughts?

Matt - is it correct to say that normally the gold stocks lead the metal?

Thanks Steve, that's precisely the sort of sober, to the point feedback I was looking for - which is a BPT hallmark, of course!

Matt / Steve,

if things don't change dramatically in the next 70 mins, we will have a confirmed VIX buy signal ( buy the market, that is). I have a feeling though that this bounce is only that, a bounce, and that we might not have much of a chance of greater upside before another leg down takes place. May we have your thoughts, please?

We have a bearish evening star on the daily SPX, right? (assuming nothing absolutely crazy happens in the last 10 minutes of trading, which as we all know, is perfectly possible in the times )

yup himsa, every now and again mr market likes to remind one who's boss 

oh, and I forgot to add "goes down to meet the 50 SMA". Amazing how often this is the case. Matt rules! Hope your hand mends quickly!!! 

Ye olde "60 Sto over 80 all day, MACD recycle back to zero, another pop up later in the day to form a divergent high"?

Possible IHS scenario?

Lunatic action...

60 Sto been over 80 most of yesterday and all of today, MACD recycled to 0, 14 Sto turning up... might have one more pop up, and then a pullback tomorrow.

What just hit the DOW futures... some heavyweight reporting?