On the daily SPX, 20ema at 3188 may be a magnet near term.

Thanks Steve for such great analysis as always. Be interesting to see how the SPX reacts as it climbs back towards its 9EMA at 3225ish

VIX below 200 day moving average and possibly heading for it's lower BB at 25.65ish

TNX, Watch the 10 yr  treasury. Getting hammered. Yellow flashing light?

SPX up . 58% on super low volume, SPXE down .20%

Matt, with SPX 9 and 20 EMAs  above at  3069-3070, maybe an objective place to look to short?

Steve, Thank you as always!

SPX question:  Matt, Steve,  unless my eyes are deceiving me, I am seeing a possible inverse H&S on the 5 and 15 min SPX charts that started yesterday and yet bear flags on the 30 and 60 minute charts. Can you comment please?  Thanks, David

SPX bounce levels..Steve, Matt, I know I should not focus on targets but having your input on possible bounce targets on SPX in the near term  is appreciated. Would the 9 day ema be logical?

Matt, great SPX and QQQ charts and thank you. Would be great to see SPX rally up to the 9ema at 3130ish for another objective short opportunity. 

QQQ daily getting close to Steve's measured move of 246.30. 

Matt, NQ futures lagging big time right now. Makes me wonder if the gap up in the indices will be faded.

Matt, looks like we could get one more push up within the wedge in your 60 min SPX chart while also keeping the negative divergence in place. Would seem like a very objective place to put on some shorts.

Matt, how do you figure out the measured move with a cup and handle breakout?

Thanks Steve. This advance feels strange...SPX up 1%, SPXE only .3%, IWM red, IYT red, BKX red and VIX flat.

VIX refusing to go south today despite the markets' relentless grind higher.  Steve, Matt, any thoughts about that?

Matt, Steve, regarding the 60 min QQQ chart Matt posted last night, looks like even after this morning's sell off, it may play out that a rally into the broken uptrend line is still in play. Can you post an updated chart  of what you are seeing with the Qs please?

Steve, maybe the NASDAQ goes on to fill that gap which is only about 2% away at the same time that the S&P hits its next extreme tick reading up at 3075ish?

VIX only down 3%.  Still a ways to go until it approaches the lower BB down at 26.30  as Matt pointed out in the newsletter

Matt, on your Tick extreme chart, a breakout over 3019 takes it to 3075ish level as next resistance?