update on SPX Oil XLE Bonds BTC

Updated
All in the video. SPX is hanging around it's 4hr neckline, no decision to sell just yet, Oil may be a nice short, 70 is the target I'm watching. XLE I think is also an excellent short opportunity but confirmation is under 90. Bonds look good and maybe had a very important long term low. BTC could sell some more a few targets are 145 12k and 10k

Good luck
Note
no breakdown yet on SPX snapshot
Note
breakdown overnight, but now at support. Might have a short squeeze higher to test previous support before reversing, snapshot
Note
rsi on hourly chart already quite low, be careful
Note
Support at the daily 100 ma and pitchfork. We have an unusual amount of shorts in the market, Be careful of a push up into tomorrow to tag the upper BB again and the 200ma snapshot
Note
put/call was 1.46 yesterday - higher than covid lows again ycharts.com/indicators/cboe_equity_put_call_ratio
Note
4hr RSI at lows, to me it's suspicions - snapshot
Note
1hr rsi showing hidden bull divergence. snapshot
Note
nice little bounce today from support but so far all they did was test the support area from yesterday. Tomorrow under 3900 would be more constructive for bears. snapshot
Note
OIl already to 77 - weekly BB target. snapshot
bondsBTCUSDChart PatternsESTechnical IndicatorsOilSPDR S&P 500 ETF (SPY) Wave AnalysisXLE

Also on:

Related publications

Disclaimer