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hungry_hippo

ES1, I SPY more pumptardedness

S&P 500 E-mini Futures (CME_MINI:ES1!)  
hungry_hippo Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
Chart Patterns Technical Indicators es1 SPX (S&P 500 Index)
7
18
chartpattern indicator es1 spx
Indicators show overbought with MFI divergence, but I decided to short OXM instead of the indices because I thought it would go pumptarded when ECB cuts rates. Trump delaying tariffs wound up being the catalyst. ECB meeting still coming up....

Bull flag target drawn. SPX chart also shows new ATH. Stupid as all hell, but you can't fight the computers.

I don't bet against my indicators, so I will look for opportunities to short sector ETFs or individual stocks when this hits my target. Make sure to get next weeks puts, market won't go down until Fed meeting.
Comment:
Appears resistance trumps bull flag. Timing would indicate we should have hit the top, futures are overbought.
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