capri123

capri123 Updated 

- Rebounce could go higher but price still in down channel - i expect price will fail later and one more wash down for a real low

capri123 Updated 

up or down ?

capri123 Updated 

- Multi supply zone and weekly bearish wedge - Price needa breakout here or it looks pretty bearish in longer term

capri123 Updated 

- a good rebounce at uptrend line so everyone jump in to buy as expected - the damaged has done and the busted wedge structure in weekly still look very bearish for me, i expect a second leg down after - should the lower high confirmed i think bear will eventually break the wedge and cash SPX will test 200DMA level

capri123

- SPX bull trap confirmed and price failed to go back trenline ... - should the rebound coming next failed to reclaim will be another bear time ?

capri123

- The failed breakout likely a bull trap ( i.e same appears in many other index especially european) - it is time for Bull to rebound back to the TL - should lower high confirmed will be the last exit for bull ?

capri123

- Uptrend broken down and confirmed in weekly chart - pullback to trendline is very likely and we will see how far it can go - better entry for bear in coming weeks

capri123 Updated 

- watch the close tomorrow ..

capri123 Updated 

a little bit less bearish should it have a quick rebound ~ just for ultra-short term

capri123 Updated 

beaware YEN is backtesting the triangle breakdown and BOJ might have something to announce soon?

capri123

- just a rough idea, if credit started to widen and back to 2016 level .. SPX still a lot more room to dive - it will be more than systematic issue if credit get worse - Bull has to fix the market asap as both LQD/HYG is nosediving now

capri123 Updated 

- the rebounce looks like a flag to me - should the bull failed to breakout the resistance 2700ish i expect one more leg down and then we will see if there is double bottom can be made which is very bullish afterward?

capri123

market still not stabilized because of this .... probably unwinding undone .. bull just can't be too confident because forced selling can happen anytime ~

capri123

- tomorrow will be important day and i expect mega squeeze coming as the bull or D.Trump will try every means to save the market ... - same uptrend in IWM/DJI (NDX still above TL ) landed the same and i think it is a tradable bound if price can closed above it tomorrow

capri123

as long as the VIX is elevated the market can't settle well ~ market at edge of melt down and UVXY is approaching C&H target ...

capri123 Updated 

- descending triangle plus bear flag in short term scale - bull has to decisively breakup otherwise it is bear turn to break it down very shortly

capri123

- not a powerful bounce and buying volume is weak - VIX term structure still bearish so bull can't be too confident ?

capri123

- expect some sort of bounce here and could be a tradable bounce