The arrangement of commodities down, TLT  up (rates down),  tech stocks up  is alive and well for the moment as long the the $USD is down.

still not at a measured target for $SPX: https://stockcharts.com/h-sc/ui?s=$SPX&p=120&yr=0&mn=4&dy=0&id=p06798074800&a=590234965&listNum=61&cmd=print 

Steve, is 13,000 ( I have got 13,031 on my charts) going to be resistance for the day to fade into?

is there any meaning to outperformance of /NQ over /ES tonight, such as wave A low in place?

EW analysis of GDX: https://www.youtube.com/watch?v=xYGKJWjQWMY

Matt's exit condition on the ES breakout system was superb. It was the best short entry for catching today's drop. I am still marveled by it :-)

It looks like a pennant

DigiNomad, the top might be already in place. A reaction to the upside might set up a lower high. I do not consider the inverse H&S scenario mentioned today seriously based on dwindling volume. Like in February, the end of wave 3 could be the end of the rally.

last time wave 5 measured about 40 cents from the broken support. 3ATR is at 614 on July contract. 643 should hold. This is clearly a washout. They have today and tomorrow to reverse wheat. 04/27 is the first notice day.

Gold is in a squeeze and 1980-5 is a good support where buying occurs. It should have one more thrust lower into tomorrow or Thursday, and that pullback could be bought for a good bounce.

/ES must stay above 4100 for wave 4 count to remain valid. If broken, a target is near 3970 based on a bearish wave count not disclosed.

InteractiveBrokers for low commissions. NinjaTrader for low intraday margin.

I will take a look, please pass along the info . You have tickled my curiosity :-)

As a registered investment adviser, you cannot trade in your own account insofar as you will be accused of front-running your customers' orders. If you love to trade, you ought to trade for yourself as you are doing now. 

I was referring to the level of skill needed for trading stocks versus trading commodities: Commodities are a lot harder to trade.

You are starting with indexes only to move on to trading commodities as a very seasoned trader. A very good plan is yours!

Matt, very good timing for that exit IMHO! That is, the official BPT position is now _short_!

Good info, DigiNomad. You must have studied political science or public relations at school :-)

Moving averages are bearishly aligned on QQQ 30-min. A drop will likely happen overnight. Judging by mostly bullish comments on this blog, a move should be impuslive.

An immediate target is 12820-ish once /NQ breaks down.   QQQsupport at 312 ought to let go.