


And I cover other charts as well. I expect lower on SPX next weel. Higher on Gold and OIL. Likely higher on Nat Gas, lower on BTC
Market has reentered the wedge, not a great sign, but we'll have to see how the day loses. Nat Gas came down hard. Gold is holding support, BTC getting a bounce but I think it goes lower. OIL had a nice bounce but may fall here.
SPX sold off more overnight, but nothing dramatic yet. I do believe we will have a negative day today. Gold looks good for more upside and possibly to all time highs eventually. NAT GAS looks like a short and so does OIL. BTC probably a bit lower to 105k.
On spy and sp500 we have a potential breakdown, but nothing is confirmed as of now. Gold may rally above it's resistance. OIl looks like it will fill it's gap at 71 dollars. BTC is coming down but it's still hard to read it. Natural Gas is at support but I believe it goes lower.
SPX cash is likely to confirm the futures high but I don't think any rally from here will last. My bet is still on a turn by Friday. Gold, Nat Gas and USOIL look like a short setup right now. BTC is hard to read, it may go higher first.
SPX is about as stretched as an ending diagonal should get. On Spy the pattern looks clear. If we are going to drop, it should be from this level. We'll see if that is correct soon enough. USOIL found resistance at 66. Gold found resistance at 3350. Both need to get over their resistance to continue the uptrend. BTC pulled back and I think it goes lower. NG...
SPX could be finished overnight but the cash session may try to equal the overnight high. Gold is coming up to heavy resistance. Oil Looks to be heading towards 66 and maybe more. BTC looks like it may drop again but right now it's at support. Natural Gas is likely going to drop.
SPX looks like it will try to take stops out around 6050-6080. Gold may rally a little more but then probably breaks down again. USOIL looks bullish. BTC is at resistance
SPY reached 90% of the down move from the top today, and that could be significant if we completed a larger B wave. Gold lost it's balance and probably goes lower. Oil is breaking up, as of now looks bullish. BTC had a nice pump but I think it will go lower.
We did get a pump after the numbers today, I expect 6020 to be reached on SPX. Gold is at support , so far. If it breaks down it's bearish. Oil is trying to breakout, but nothing confirmed. BTC had a nice bounce, but probably goes lower soon.
The market was very tricky but ultimately it did sell off. The question is - will we make one more high? That's hard to tell and there are mixed signals. Gold is at support. BTC is at it's Bollinger Band target, USOIL still has not broken up or down as of now.
Unless they save the market within the next fw hours, balance has been lost on the small time frmes and 5850 is the bottom of the larger balance area. Gold could go either way from here. Oil is also at the top of balance. BTC still looks bearish
My feeling right now is one of deja vu. Like the bottom before the president delayed tariffs, there was no volume and my assumption was we would go a bit lower. Here we have no volume and my assumption has been we will go a bit higher. Could we top here? It's possible. The bear divergences are pointing to a move down at least temporarily.
SPX may go higher but it could be a false break according to the RSI. Gold looks like it will go higher. USOIL is retreating from resistance so far. BTC still looks like it will drop.
Bias still up on the markets with the target likely being the upper daily BB. Gold target reached and now taking a breather. USOIL may break up sooner than later. BTC looks like more downside is likely.
All in the video. SPX is still sideways so far, nothing has changed and the bias is still up. Gold looks like it will test it's recent tops. BTC bias is now bearish. US oil is in a tight balance.