$spy $spx $spxl $spxs What is going on!? Did everyone just get a stunt pulled on them? The futures chart has not made new highs yet which still leaves room for this being a big corrective drop to (C). Let's see what happens! We're on a razor's edge of knowing..
though I have already shorted SPY following bearish gartley pattern.
for structure traders we now how a perfect confirmation.
the market has recently broken below the support line of a rising wedge
and rsi shows clear divergence.
I think that the recent gap well most likely close,
and then you can short the...
I feel as if the drop may have ended today (Friday). We shall see. By the way, the price action for the SP 500 perfectly touched that ascending neck line of this possible head and shoulders, before dropping. Things that make you go hmmmm.
Lastly, I was just not that impressed with the Vix and Tvix move. Kind of weak...is that telling us something?
Bearish gold fits the narrative right now - the S&P wants to climb.
Technically, GLD made an inside candle bar today. Inside bars can be bearish continuation patterns if the low of the previous candle (the "mother" candle) can be broken. Or, they can be bullish continuation if the high of the previous candle (the "mother" candle) can be broken. In this situation,...
This correction has been very complex and frustrating to time. I think we are making a triangle like structure or triple correction to finish the B wave which I forecast will top the week of the 23rd, after that we should start heading down to 2300. I think the last 2 months has destroyed bearish sentiment and made the market look unbeatable but that is exactly...