Matt/Steve, can you share your

    Posted by mrjasongill on 23rd of Feb 2022 at 01:59 pm

    Matt/Steve, can you share your thoughts on 15 min?      I'm seeing big divergence on the RSI on 15 min.....also we had a reversal canle on the 5 min when we bounced off 4552.    

    there's a wedge like look

    Posted by matt on 23rd of Feb 2022 at 02:07 pm

    there's a wedge like look but I don't know what you are seeing or asking

    Thanks...I see the wedge..15 min,

    Posted by mrjasongill on 23rd of Feb 2022 at 02:09 pm

    Thanks...I see the wedge..15 min, 5 min, 1 min.....I'm just wondering where we go from here....the hourly looks like we're holding the 4260 support...

    https://www.tradingview.com/x/w6v1AQT0/ 

    I see the wedge also

    Posted by steve on 23rd of Feb 2022 at 02:11 pm

    I see the wedge also - but it's quite steep and you still may have margin calls to hit 

    So the steeper it is,

    Posted by mrjasongill on 23rd of Feb 2022 at 02:20 pm

    So the steeper it is, the less likely it pans out?   MACD divergence and 5 waves right?   

    Any new symmetry targets/breaks?  

    Correct and ES just took

    Posted by steve on 23rd of Feb 2022 at 02:26 pm

    Correct and ES just took out yesterday's lows - thus my concern was valid.  Market is far too quick to address every nuance -trade your plan 

    Divergence on VIX to SPX...Vix

    Posted by rareto25 on 23rd of Feb 2022 at 02:34 pm

    Divergence on VIX to SPX...Vix Lower High while SPY lower Lows!!

    Yes but that alone is

    Posted by steve on 23rd of Feb 2022 at 02:44 pm

    Yes but that alone is NOT a buy signal - as was the case yesterday as well on a closing basis 

    yep tape sucks and you

    Posted by matt on 23rd of Feb 2022 at 02:14 pm

    yep tape sucks and you have overhang news crap like this

    Washington has given Ukrainian President Volodymyr Zelensky an intelligence assessment that a full-blown Russian invasion of his country will come within the next 48 hours, Newsweek reported Wednesday, citing US intelligence officials.

    The assault was predicted to include a cyberattack and, indeed, shortly after Newsweek received the information a cyberattack took down Ukrainian state websites.

    A US official with direct knowledge of the developments told Newsweek that Zelensky was told a Russian invasion “will highly likely begin” in the next two days.



    Not really any good setups

    Posted by steve on 23rd of Feb 2022 at 02:05 pm

    Not really any good setups so no need to FORCE trades - you may or may not get a squeeze with market in no man's land currently. Surprises tend to occur in direction of prevailing trend especially below 200 day MA

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