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SPX /ES .. mind SPX gap.. mind gold today… USdollar…. Spain non confidence vote tomorrow… "could" see a huge move on the dollar up.. careful.. gold on the edge of a cliff
the open. no comments. need the market goes a few bars to know its intention.
my guess is range day but I won't be surprised (and even happy) it goes down down down given all the uncertainties blah blah by media.
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Cobra, if it is a range day today with a sub 2700 on the low end, how do you see the current uncertainties resolving... down down for few days before an all-clear move up to ATH? Thanks!
fehro wrote:mixed bag so far…but bonds and VIXes push up.. INDU SPX weak
buckle up mind yGAP
SPX holding on for dear life.. sloppy little H&S SPY 5m from y .. "IF" it plays out yGAP will fill .. if not support holds red line SPX upper gap fills
2 minute bars. @ minutes is about the average day for the 2000 tick chart I follow.
I have added a Keltnere Channel centered on the 20 factor EMA. Note the gapless EMA in cyan. Red/Blue dash dot is VWAP.
Middle box is last 20 days relative volume, bottom box is bid ask delta.
Not sure if this set up tells a story or not but I am giving it an audition.
As usual the 60 minute opening range has been exceeded. Now we wait to see if it is exceeded on the top side sometime today. Shouldn't be a problem since Secretary Ross says the trade war with Eurozone will only hit 1% of our economy.
Posted at Zerohedge. Once again API and the DOE (who use different methods) did not agree. A clear reason why tech analysis of the oil market is best left to the long term charts.
API
Crude +1.001mm (+450k exp)
Cushing -132k
Gasoline -1.682mm
Distillates +1.466mm - biggest build since Feb
DOE
Crude -3.62mm (+450k exp) - biggest draw since March