SPY - Becoming Oversold ST / And...
Updated
What a mess, a very violent and choppy mess of a Market.
Let's see if they can recapture the 377...
It's a Buy/Sell Hall of Mirrors with the 1 Hour Death Cross
being a 199/377 2X affair.
The Range continues to expand - from 388 to 404s
For the ES - 3910 to 4120.
NQ - 12070 to 12714/12818
________________________________________________
The week is young, it's Algo Wednesday, best to be on guard
for a potential squeeze. And then Failure perhaps next week
on a shortened week.
There are 67K 400 Puts for the SPY.
Apple - expanded new Range 153.70 to 164.10, Tesla 840 to 892
ADP Friday (300K), Fed Speakers reiterating their Position all
week, with the DX, VX, and Rates lending ample confusion.
The DX can pull Back to 107s and remain in trend to 112.
Yields - 2YY vertical wedge, 10's remain in a longer-term uptrend.
VX - 8 Count ST Highs - as we move into Friday it's due to
pullback or explode, toss a dart.
Crude was sold to the late chasers, it dumped hard to a key
pivot which IF broken revisits 85.
Weekly Charts - See Goog... just nasty.
_________________________________________________________
Next CPI September 13, FED on Sept. 21.
It's a laundromat Monday every day until this timeframe.
Short term it has been whipsaws to further downside.
RSI divergence short term, MACD moved into Negative, AO
has as well. Rejection 3x.
PC elevated... Meme / BTC wrecked.
What a complete mess. Mixed signals in a downtrend are the
most dangerous place to trade.
Let's see if they can recapture the 377...
It's a Buy/Sell Hall of Mirrors with the 1 Hour Death Cross
being a 199/377 2X affair.
The Range continues to expand - from 388 to 404s
For the ES - 3910 to 4120.
NQ - 12070 to 12714/12818
________________________________________________
The week is young, it's Algo Wednesday, best to be on guard
for a potential squeeze. And then Failure perhaps next week
on a shortened week.
There are 67K 400 Puts for the SPY.
Apple - expanded new Range 153.70 to 164.10, Tesla 840 to 892
ADP Friday (300K), Fed Speakers reiterating their Position all
week, with the DX, VX, and Rates lending ample confusion.
The DX can pull Back to 107s and remain in trend to 112.
Yields - 2YY vertical wedge, 10's remain in a longer-term uptrend.
VX - 8 Count ST Highs - as we move into Friday it's due to
pullback or explode, toss a dart.
Crude was sold to the late chasers, it dumped hard to a key
pivot which IF broken revisits 85.
Weekly Charts - See Goog... just nasty.
_________________________________________________________
Next CPI September 13, FED on Sept. 21.
It's a laundromat Monday every day until this timeframe.
Short term it has been whipsaws to further downside.
RSI divergence short term, MACD moved into Negative, AO
has as well. Rejection 3x.
PC elevated... Meme / BTC wrecked.
What a complete mess. Mixed signals in a downtrend are the
most dangerous place to trade.
Note
Inflation is worse than being Employed.
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