$SPX - Chart Link - updated view, I added
a channel that if price breaks out may go right back to highs
again, some Stochastic divergence at the lows. Obviously price
didn't fill the gap though
$SPX - Chart Link - remember guys Jobs
report tomorrow. typically over the last 10 years 9 out of 10 times
the market is higher on Jobs day, we'll see.....
told you guys yesterday, the market is almost ALWAYS up on JOBS
day. ES futures now up nearly 40. That's why I covered
all shorts yesterday, even took some long ES last night when I saw
an ABC trigger on my ES time frame charts.
anyway we'll see now how the market does on the gap up - is it a
Trend day where price gaps and strengthens all morning into noon
followed by the 1 hr sideways consolidation, followed by a new high
in the afternoon.
Thanks. On my 2nd trip south with it today. Covered my short
this am on bounce off 60min 50 at 3096 and re-short from 3114. Was
getting itchy trigger finger to cover at prior LOD.
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SPX 60 and 15 min
Posted by matt on 4th of Jun 2020 at 01:32 pm
$SPX - Chart Link - 60 min was at the top of the channel with some 5 RSI dif
$SPX - Chart Link - discussed the MACD diff yesterday
obviously for now just a pullback, no symmetry breaks
Update: SPX 60 and 15 min
Posted by matt on 4th of Jun 2020 at 02:28 pm
$SPX - Chart Link - updated 5 min view, kinda has a mini inverse H&S look if it curls back up and breaks over that line
Update: Update: SPX 60 and 15 min
Posted by matt on 4th of Jun 2020 at 03:12 pm
$SPX - Chart Link - logical first target should selling continue would be filling that open gap
Matt - SHOP looks pretty
Posted by arun on 4th of Jun 2020 at 03:38 pm
Matt - SHOP looks pretty vulnerable too.. can yuo please take a look
Update: Update: Update: SPX 60 and 15 min
Posted by matt on 4th of Jun 2020 at 03:35 pm
$SPX - Chart Link - updated view, I added a channel that if price breaks out may go right back to highs again, some Stochastic divergence at the lows. Obviously price didn't fill the gap though
Update: Update: Update: Update: SPX 60 and 15 min
Posted by matt on 4th of Jun 2020 at 04:00 pm
$SPX - Chart Link - remember guys Jobs report tomorrow. typically over the last 10 years 9 out of 10 times the market is higher on Jobs day, we'll see.....
told you guys yesterday, the
Posted by matt on 5th of Jun 2020 at 08:35 am
told you guys yesterday, the market is almost ALWAYS up on JOBS day. ES futures now up nearly 40. That's why I covered all shorts yesterday, even took some long ES last night when I saw an ABC trigger on my ES time frame charts.
anyway we'll see now how the market does on the gap up - is it a Trend day where price gaps and strengthens all morning into noon followed by the 1 hr sideways consolidation, followed by a new high in the afternoon.
Matt, NQ futures lagging big
Posted by DK on 5th of Jun 2020 at 08:45 am
Matt, NQ futures lagging big time right now. Makes me wonder if the gap up in the indices will be faded.
higher probability it is Down
Posted by ssaffer on 4th of Jun 2020 at 04:13 pm
higher probability it is Down tomorrow. Everyone knows the stats so the market makers will bring it down to shake out and then cover puts.
Possible... GOOGL AMZN FB NFLX
Posted by arun on 4th of Jun 2020 at 04:20 pm
Possible... GOOGL AMZN FB NFLX are starting to look vulnerable too
i have roku puts and
Posted by imelhoe on 4th of Jun 2020 at 05:25 pm
i have roku puts and followed CB fib queen work on it, shows it can go to 98 but it sure is taking its sweet time breaking down
They all look ripe for
Posted by ssaffer on 4th of Jun 2020 at 04:22 pm
They all look ripe for shorts or puts short term for now. FB especially.
why dont you let us
Posted by imelhoe on 4th of Jun 2020 at 04:07 pm
why dont you let us know your thinking on job report ahead of time, Matt, not at end of day
Yes as an old timer
Posted by lamb on 4th of Jun 2020 at 03:22 pm
Yes as an old timer said very weak market ,gapping every day. Can come down like a house of cards.
Thanks. On my 2nd trip
Posted by racerick on 4th of Jun 2020 at 03:19 pm
Thanks. On my 2nd trip south with it today. Covered my short this am on bounce off 60min 50 at 3096 and re-short from 3114. Was getting itchy trigger finger to cover at prior LOD.