Tops and Bottoms - Weekly preview for SPX oil gold yeilds tlt
Updated
all in the video. we're at an important technical level for the markets, we'll probably see if it means anything this week. I still expect slightly higher, but not much above 4800 if we get there.
Oil and Gold are both confusing right now, hard to say what's happening there. Yeilds are at strong support and I expect a reversal for them this week.
Good luck!
Oil and Gold are both confusing right now, hard to say what's happening there. Yeilds are at strong support and I expect a reversal for them this week.
Good luck!
Note
good morning, no change overnight, still waiting to breakout. A spike up today and reversal may occur. Target still 4770+ Note
tyx getting a bid from support zone mentioned. Note
they are starting to break out of the triangle, I still think 4770+ is the goal, but it's possible they rug pull before that. Caution Note
nice deep divergence now on 2hr. It can certainly go higher into the end of the day and probably will, but this is kind of what I like to see at bottoms or tops. 4hr RSI is similar. Let's see how it looks tomorrow....Note
IWM and DJT both weak today - sometimes a leading indicator. IWM could be a WXY structure with W = Y or 1 to 1 ratio. Note
good morning, Market creeps higher. Probably gets to 4760-4770 today, that's where the weekly and monthly BB's are. It does look like a rising wedge, so be careful of a stab up and then pullback. Note
lower trendline acting as support, watching both upper and lower lines for a break up or down. Note
rejected at upper trendline so far, Still a possibility of getting over it for a wee bit, but doesn't have to. Note
Weekly and monthly BB at 4770, Maybe it gets there today maybe not, but certainly it would take out stops from bears. Note
looks like they will close at the highs of the day. Tomorrow and Thursday are important numbers, until then I expect this float to continue over 4770. us.econoday.com/ Note
4770 reached, short squeeze in the last 15 minutes - see you tomorrow!Note
good morning, pullback from 4770 overnight. We'll see with the 830 numbers if this 4 hr bear divergence will play out or not. possibly a tradable top at 4770. Note
the dollar (DXY) is at weekly support here. Note
small time frame rsi should at least get a bounce if there's going to be more selling. Getting over the highs one more time is possible as well. Note
there's the bounce back to the wedge. Let's see if bulls can make one more high. Note
both iwm and djt are down much harder than the other indexes today, we'll see soon if it's a sign.Note
nope, going higher. Looks like they are going to try for 4800, I've adjusted the rising wedge. Today or tomorrow after 830am we should be at 4800 with more bear divergences. Note
video update - I will continue to post there. 
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