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Small gap down, below yesterday's low, so not sure if the gap will be filled or not.
Nothing changed since yesterday's opening statement on Global ES, the text book target is 1390. Now it reached Fib 61.8 1-2-3 Formation target and 100% MM target and in strong support area, so may take a reset here, let's see.
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Momentum Block Update:
Houston, we have a problem!
Concurrent softness in currencies/futures/volatility were observed at major turning points (in this case direction will be down). Trade carefully. Information is more useful to swing/intermediate traders, but day traders can also benefit from it by not betting against the trend..
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Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
Vixies were having a party in the BEAR camp at the close of yesterday. Looks like music is getting louder and louder (VIX future are up 1.5% in the premarket).
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Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Paper/scissors/rock chart
Spy opened right smack on top of the daily bolinger centerline (neon dotted green line on top panel)
Recently, it hasn’t stopped there (red circles)……..we’ll see
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.