Matt or Steve, looks like on 15 min chart, 14 Sto is approaching overbought and 60 Sto approaching the 50% area and the Lower high and lower lows are aligned appropriately. Does this look like a turnaround point?  Thanks for your views on the chart. 

Yes, thanks, Matt. Very helpful.  Adding in a 15 minute or longer time frame for one screen would be helpful for those of us who can not trade multiple times a day. Thanks again. 

For the uninitiated like myself... thanks, goldnice!

Thanks, Steve. I am heavily skewed bullish and was getting concerned with the drop. The wedge gives me something to focus on that is more constructive.

Thanks, Matt. For understanding the little guy and helping us figure it all out. 

Matt, is the current abc already in?  If so, could you label it so we can see it, please?

Waiting for pullback to 2945ish or back in now for next leg?  We tagged the 30 EMA and I think that may be C wave up now?  Haven’t got the hang of counting correctly. 

Matt, 5th wave in??  I count 5. Please comment on my count if you can. Thanks. 

Looks to me like an inverted H&S that won’t pop until tomorrow if there is symmetry of the shoulders. 

Or is it a fake out?

My “play money” is less than 25k now so I can not trade indiscriminately without being labeled a pattern day trader. Made 3k today. Good day!  I think it is better for me to wait and see if there is a symmetry break and then take the pullback if it is. If the bottom drops out, I still have a little shorts left. If my thinking is wrong, somebody please correct my thinking.  Thanks!

Thanks. That’s helpful

Matt, I followed you and got out at the right time. But now that we have a double bottom, are you long again?  I’m confused.  Or short again at VWAP?  Sorry, just need help interpreting comments. 

MATT, hanks for a great call!  Support at 2798. Good place to take some profits?  I have SPXU 5/15 puts. Thanks!  

STEVE,  are  3 Pinocchio’s over the line and bearishly formed MA’s opening up to the downside enough eveidencecto strongly  suggest a bearish bias, or just a fake out?  Thanks.   Also, I am counting 4 waves and a 5th to come. Is that your count?  Any help appreciated.  

STEVE/MATT,With VIX headed back down and this chart formation, would we expect semiconductors to be headed back up after tagging the 200 MA?  Thanks for your help interpreting. If SPX is only wave 4, then we expect one more move down?  Thanks again. 

Thanks, MATT. Looking like a bull flag to you?

Thanks!

STEVE, Looks like a bearish descending triangle to me with base 2790-2800. Agree?

Thanks, Steve