Was going to post on UNG  - 60m view - little poke below trendline.  Worked out well last time, but betting on a repeat on inventory day is a little risky...

https://www.tradingview.com/x/2nUxi0iz/ 

GDX

https://www.tradingview.com/x/Ls36RXvq/ 

IWM 5m chart - https://www.tradingview.com/x/8F2FQif7/ 

Kobie-style look at today's price action.  Possible ABC move down to bottom of Frin-Mon range.

Watching IWM  here

15m - holding the trend line after Friday's gap - https://www.tradingview.com/x/HMNHrHTU/

120m -MAs pinching here - https://www.tradingview.com/x/GDmM17Ry/

I could see it breaking up to 185 or down to 171 in the next day or so.

@Steve - in the intro to last night's newsletter you mentioned that you noticed changes to (secondary & primary) liquidity a while back.

How do you track/monitor that?  Is it simply bid/ask spreads or do you have indicators or indexes that you follow?

Appreciate any insights.

Looking more like kiss it goodbye...

https://www.tradingview.com/x/P1Kq55a9/ 

IWM 5m - potential MACD Kiss set up.

5m - Chart w/ sym on this morning's advance:   https://www.tradingview.com/x/6kXXAmNq/ 

SPY - 120m view - looks like a few more gyrations left in a falling wedge...

https://www.tradingview.com/x/bW5KJ1kv/

It is VWAP - worth a quick study to begin to understand.   https://www.investopedia.com/terms/v/vwap.asp 

I often reflect on this bit:

Institutional buyers including mutual fundsuse VWAP to help move into or out of stocks with as small of a market impact as possible. Therefore, when they can, institutions will try to buy below the VWAP, or sell above it. This way their actions push the price back toward the average, instead of away from it.

Which means that when price is stretched from VWAP, the likelihood of a reversion to mean (in this case VWAP) is higher than not - can be useful for timing entry/exits intraday.  Intra-day,  bears repeating.

it is a common indicator that you can add to your charts on whatever platform you use.  Tradingview will only show it on intraday time frames.

Better img: https://www.tradingview.com/x/c5wVz7CZ/

Sometimes I like to look at the 2d chart to smooth things out a bit:

SPY https://www.tradingview.com/x/wloYU6ke/ 

Near perfect doji w/ bottom tail right on the BB.  Anything could happen, but I'm looking for a choppy bounce early-mid next week.

Clearing 415 would be a nice little start on our way to 430 - top rail of Steve's flat.  Of course we could dive right into that 402 gap Sunday night.  Keeping an open mind.

UNG - slight break below recent uptrend line.

https://www.tradingview.com/x/I7kAKpi3/

Took a tiny position in KOLD yesterday - up 10% thus far - stop at 6.05 - bottom of the little gap.

RAFA - https://www.tradingview.com/x/rdjWuPiI/ 

XLK - sort of a diamond pattern here.  Noticed a bunch of tech names have a similar look.  I'll be watching to see if we break that uptrend line (lower right) or hold on for another test of that supply area 148-150.

https://www.tradingview.com/x/vui5MHAW/ 

update - maybe a washout bounce, but not looking great...

https://www.tradingview.com/x/pJTg2s29/ 

SPY - 15m - Possible falling wedge - divergence on MACD, RSI too.

https://www.tradingview.com/x/vNAONhKn/ 

XLF - potential bounce in channel?

https://www.tradingview.com/x/gOCMDlAy/ 

Soooo far from VWAP too.  I'm not going to try to catch it, but a decent bounce into the close would not surprise me.

SPY - Matt's old bounce of the 50 on a trend day just played out.  What happens next will be interesting.

https://www.tradingview.com/x/7ahUIeop/ 

RAFA - Heck of a run off the bottom near 25cents.  Up 15% today.

https://www.tradingview.com/x/VvkaG1Ka/