Indeks S&P 500Diupdate Update on the markets SPX IWM QQQ
All in the video. This is an important level for bears and bulls - weekly BB and horizontal price resistance togther at about 4540-4550. 4550 could come today but this level should at least see a pullback. Strengths for the short term - IWM weakest, SPX medium, and QQQ strong,
Good luck!
Good luck!
Catatan
good morning. the pop on futures this am should not last according to what I'm seeing. I will update if wrong by the end of the day. Catatan
gain IWM looks weakest, SPX medium, and QQQ strongestCatatan
SPX pulled back late in the day but it looks like it may go higher - to the trendline maybe target overnight. Daily rsi getting close to extremes again. Catatan
still looks like a push up is coming today, if so I would think that would be rejected. Catatan
all the way to the trendline again - relentless. Catatan
Iwm at an interesting point if this is a triangle. Catatan
this is how it ended, and we hit the weekly BB today. 4hr with bear divergence again. Catatan
hourly and smaller time frames look like they are saying another high today Catatan
still an enormous gap open on futures at 4300. Catatan
we are still in the resistance area from last year on SPX. Catatan
trendline reached again, let's see if it means anything. Catatan
30 minute rsi low again, one more high would not surprise me - into the close or overnight.... Catatan
doji on SPY, means nothing yet. Let's see how the numbers are reacted to tomorrow morning. It was an interesting close, not exactly bullish but I can't tell if it means anything for overnight. Catatan
2 hr chart, the trendline held so far. Catatan
good morning, if we sell down 4530 will likely be support. Also the hourly rsi will be very oversold if that happens so it could be a choppy day into tomorrow. Catatan
this should be resistance here, but we'll see. RSI is low on small time frames, they may just pump through it. Catatan
IF we keep selling (that's a big IF) this channel may get tested again at it's lows - also horizontal support there. Catatan
if it's a bear flag on QQQ, target is the previous gap around 373 Catatan
if they get down to 4520 area, there's a chance we are making a head and shoulders here (a chance) Catatan
Good morning, the hourly and small time frame rsi got pretty low yesterday so a bounce this morning isn't totally surprising. It could ramp up the entire day and make a new high, which would be typical of this market lately. Right now there's another possible trendline we're testing. A failure here would probably mean a down day. Catatan
watching these possible paths - Catatan
maybe this until afternoon....
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