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No idea how far this rebound can go, now it's at Fib 38.2%. Stronger resistance at Fib 50%.
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We broke a 14 week trend.. and retested, and could not even tag 20w. VIX held support.. but weakened a tad yesterday.. is possibly still wedging up... bottom left... 60m pressing up against 14week trend, could pop into the next channel.. as the bottom middle SPX has dropped into a possible lower channel. 2040-50 / 200d still seems possible .
As per yesterday.. bulls need to get over 20w, 50d, 20d.
/es into overhead resistance at morning.. high.. so could be fade the gap.. .. SPX .. possible bear flag.. bulls.. invs H&S on top of another.. 5m.. could triangle out..
/GC hits first invs H&S target.. that I've been talking about since sunday night.. nearing 50d/20d 1196ish .. unloading all /gc and will unload GLD calls morning pop. See if there'll be a neckline retest to reload..
but may hit 50d first
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