Trades with cats wrote:Thanks Pasta Boss
You saved me from having a swelled head and thinking I actually knew what I was doing when I put that short on 15 minutes ago!
SMALL (middle panel, 2 min)
that's fourth push down and nearing all targets, so can't get too greedy [?]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Da Boyz on Wall Street better pull a rabbit out of the witches hat tomorrow. With the rumors hot and heavy about more 'staff turnover' at the White House it could be an ugly open on Monday if they don't get the direction turned.
My difficult to read 1000 tick chart is even better now that the bars print on a real time basis instead of equal spacing . See the congestion under the red K (key Retracement) signal when price touched the orange opening range (1 hour) low. Similarly you can see how it ran out of bear grease as price approached the overnight low. Clearly many had that as possible support.
Question now that overnight low has been tested is it the low for the day and are we setting up for a semi-rare triple witch green day.
fehro wrote:SPX holds 50d SMA at LOD .. still open gap just under.. TLT at/near 50d… UUP DXY nears 50d .. 20d/50d key today
SPX 50d 2748.07, yLOD goes.. looking for gap fill 2738, 20d 2734
RUT the weakest.. nears LOD..it goes look to Fri's open gap.. better support at 1560.. 20d.50d curling up to that level as well by tomorrow.
It's all oil.. every time indexes "weaken" oil pushes us up.. oil rolls.. look out below big time indexes… DXY USDollar on the verge of break out EURUSD daily looking weak.. mind the a US dollar pop
DXY takes out 90.08 50d look to Aug low 91ish then 20w 91.50ish
This is like a nature movie where the mouse is darting around oblivious to the coiled snake at the overnight low watching the prey get within striking distance. If it goes there is still time for Cobra's dream.
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.