All in the video. Remember the minutes from FOMC will be released at 2pm today, so expect a whipsaw either way.
Note
Oil bears still in control
Note
SPX likely setting up for a bounce into EOD after the minutes
Note
OK there's the move up. If we sell off from here it maybe the start of a 5 wave sequence. Like I said we could go up to 4360 as well. Best to wait and see what happens tomorrow. Follow through or run for exits?
Note
No sell off overnight, very choppy - likely sideways motion. Market looks like it's making some sort of pennant. A break above 4295 would be bullish and probably means we get up to that 4360 level for another short squeeze.
Note
Bonds tried to breakout this morning only to get stuffed down, at least I know the trendline is correct.
Note
home sales numbers at 10am, my guess is it misses badly.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.