Today SPY dipped to 360.88, below the June 17th low of 362.30. There's quite a bit of resistance here and bulls keep defending. In the chart here this looks to be a bear flag . Considering, today the bulls tried to gap it up overnight on what technically could be perceived yesterday as a double bottom . Yet, since bulls were unsuccessful holding up price. I...
Lots of support here. Hard selling couldn't push it so far. Will it bounce or get crushed EOD?
Using the Ichimoku Cloud , 3 different volume profiles, GEX (gamma and dark money pools) and comparing Tick/ Arms Index profiles for the past 6 months. It appears we could be due for another PB . Yesterday, for the first time in. I couldn't find another example. The TICK.US range for the day was 40. Glitch?? Possible. Could not find another on balance day like...
Last night was NQ 11111 at 11:11pm and ranging 14 points, tonight ES 3333 ranging 13 points, and XAU at 1888 ranging $25, Its not Benfords law really, is it?
Nice Doji on inflection point. It's about to get interesting. Watch for the 11:30 AM surprise, "Major Announcement" by Letitia James
Notice how the tick line cuts way down, and it's Ma is pointed directly at the floor. Yet, the market seems to float above it. Major ER today and tomorrow. Is the writing on the wall, or will they try to pump it until next week? Seems as if, "they" have been conditioning the market bulls to buy the dip. Red day, green day, red day, green day. This way when the...
Gap up, now less volume pushing higher highs. Long period of upwards momentum to get there. What do you think?
Have you noticed, the futures the market, has the amazing ability to give people confidence just before the bell? Last month it was a different night time pattern. Look at the comparative volume this morning. It took more than triple. Seems they want to push it up over the cloud, for a nice float. Now, why would they do that?
The US 10 year bond can be a pretty good indictor of the future direction of the market. Look deeper for further confirmations of trend reversal. Like bearish checkmates and island reversals to name some recent signs in the market. As well as Black Rocks downgrade and the Covid situation. Possibility of a wave down, before another wave up, is high, though trend...
Naturally, the entity responsible for making the market overweight. Yesterday, lowered it's rating from overweight to neutral. Just a mere 6 days after the fed turned off the pumps. You wouldn't know it by looking at the Nasdaq today. But look at the Russell for the true story. It bottomed first in the last selloff. And it seems to be the last bastion of...
Im sure most of you know and can see clearly how much pump and futures manipulation is going on. It's like on repeat, over and over again for months. The bulls are giddy. the press says " buy the dips". The dips - Looks a lot like whats left of the insiders are slowly selling into the FOMO bubble. Lots of shorts going into the 4th got squeezed. 50K plus covid a...
Q1 Amazon killed it and rightfully so. But they said their covid related costs were just South of 10B. Q2 we moved into openings and we had the retail push and people "revenge" buying. But not on amazon. I believe Amazon will continue to have high covid associated costs, and they said this with guidance last quarter. Will be interesting to see that, combined with...
Last week was a little rough for those short. Yet, we know that the Russell 2000, is weak. That 30%+ of the small caps, and about 20% of the medium caps are not profitable. Despite published P/E by rating agencies. (Read the fine print). Q2 incoming. :)