Bias is still up n the SPX and getting over 4800 is likely. USOIL is at a decision point. Gold rallied hard friday but to me it seems like a kick back rally. TYX looks like it will pullback, thus supporting more upside in the spx. BTC has lost it's channel and I believe it's an objective short from here for a while.....
Komentar:
18ma reached overnight. if it gets lost we'll go near 4700.
Komentar:
both DJT and IWM are outperforming to the downside, they sometimes act as a leading indicator to the SPX.
Komentar:
We appear to be in some kind of triangle. A breakup is bullish and a breakdown is bearish. Right now rsi is leaning towards up.
Komentar:
no change, still in this little box. I believe it will go higher and whatever sold off today will bounce.
Komentar:
they came down overnight and are under the 18daily ma, but IWM is at support and i think the general market will bounce from these levels. Will update when I can.
Komentar:
OIL may crack 70 soon - looks ominous
Komentar:
SPX getting a bounce, if they can get back into the support zone and hold, it's bullish. Red and Green paths are both possible.
Komentar:
good morning, there's the bounce to the 18ma daily. Bears want to see this reject as it was support for the last week. Bulls want to get up and over it for the day. Good luck!
