All in the video. According to what I'm seeing in the ratio charts, IWM and KRE may lead to the downside so I'm expecting some bank news which has not hit yet. Tech will probably stay relatively strong for at least a week or more, while SPX may want to try for 4500. It's a shortened trading week, and they are usually very slow but a surprise in the regional bank sector would not surprise me.
Good luck!
Good luck!
Comment:
hourly RSI looks like it wants higher, I expect a float up to at least 4880 on spx this week.
Comment:
Happy 4th of July to those in the states! Futures are just meandering until tomorrow's fomc at 2pm. Hourly RSI very low, so I expect another high still, 4480+ is the target.
Comment:
Good morning, FOMC is today at 2pm. We had no bounce overnight, but now the 2hr rsi is very low on futures. Usually this means the market will go higher and make another divergent high. It doesn't have to, but that's been the MO of the market for quite a while. Will update later in the day, after the announcement/press conference.
Good luck!
Good luck!
Comment:
a quick move down from here will give an hourly bull div which probably means we go to new highs. Don't rule out a whipsaw down and then up hard into tomorrow....
Comment:
not much happened after FOMC, even if we dip lower I would surprised if we didn't go higher into tomorrow with jobless claims at 830am.
Comment:
Good morning, 2hr rsi very oversold, this is an area on the RSI where buyers usually come in. I expect at least a bounce after 830 numbers. A higher high is still possible but we could also just retrace a bit and then fall harder.
Comment:
qqq and spy both at their daily18ma, expecting support here or slightly lower.
Comment:
nice bounce from the 18ma, I believe QQQ could make one more high while the other indexes don't get that high.
Comment:
4hr rsi on SPX futures extremely low. One more high for a final C is certainly possible with a reading like this.
Comment:
the soxx etf (semiconductors) found support at the channel. A break below and retest of the channel would be an objective short.
Comment:
SPX could go either way here, A fall would find strong support at about 4340 area - lower BB. Hard to tell as of now which way this will go.
Comment:
selling after the news but I don't like the RSI, watch for a whippy morning. Above 4440 and it's bullish...
Comment:
whipsaw morning as I thought. A bit higher likely but I think we close red.
Comment:
target area reached, bears need to sell it otherwise we go to new highs next week.
Comment:
if correct Monday should gap down, target 4340
