SPX 5 min

    Posted by matt on 20th of Jan 2016 at 12:55 pm

    $SPX - Chart Link - small wedge here with some divergence.  better looking divergence on the 5 min now than it had in a while

    crude oil trying to bounce some that is helping

    Update: SPX 5 min

    Posted by matt on 20th of Jan 2016 at 01:02 pm

    $SPX - Chart Link - nice pop on that wedge, we'll see what happens rest of day, would be best to push higher then pullback and form a RS of an Inverse H&S as wedges sometimes morph into those.  again it's early in the day with 3 hrs to go.  crude bounced off the lows, but if that sells off again market will too, so keep an eye on crude but if crude holds up then market could continue to bounce

    Update: Update: SPX 5 min

    Posted by matt on 20th of Jan 2016 at 01:41 pm

    $SPX - Chart Link - updated view

    SPX 5 mim

    Posted by nichi on 20th of Jan 2016 at 01:28 pm

    Matt:  Please lets have your view every 30 minutres, if possible.

    Warm regards.

    SPX higher low on pullback

    Posted by steve on 20th of Jan 2016 at 01:34 pm

    SPX higher low on pullback now trail up stops

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