SPX - overview for the week of 7/23
Just the SPX and my thoughts on what may happen this week. FOMC on wednesday and PCE on friday so please be cautious before events like that.
Catatan
nasdaq close to an hourly trendline and already showing bull divergenve on the hourly. another low and then bounce seems to make sense for overnight Catatan
Good morning, no sell off overnight. Looks like we may push up and then fall. It might be very choppy until FOMC so a scalping market might be the way to play it.Catatan
a break down at open would probably be a trap Catatan
right now this looks like an ABC, if so, target 4500 area....Catatan
tech can come down more, but the gap may be support. 2hr rsi is very low. Catatan
yes, tech is likely going to bounce hard, probably outperform. The market is going to get squeezed today Catatan
15 minute rsi pointing to one more low. Catatan
selling may get intense, but I see this - qqq Catatan
still looks fine for one more low. A premature break of the upper red trendline would be bullish. Catatan
watching this lower trendline for a breakdown - qqq Catatan
objective short for qqq, could be a false breakdown so stops closeby Catatan
at the apex of both lines Catatan
redline broke, but orange hasn't. I think it's trap but we'll see if buyers can push it. Catatan
SPX nothing has changed, still looks like B with C next. Catatan
SPX will likely close at the highs today but I believe it's a bull trap. Catatan
QQQ broke wedge and retested it. It's an objective long entry. I thought it was a false breakout, but it certainly can be this sell off is a bear trap and tomorrow we gap up esp on tech. Catatan
nq popped up overnight, but a move down before a larger move up looks possible, same with spxCatatan
spx at horizontal support. Small time frame rsi quite oversold, expecting a bounce and/or rally at open. Catatan
could be ABC on QQQ - Catatan
watch for possible head and shoulders here - Catatan
NQ structure I'm watching. Still thinking we're in B with C next. Tech should outperform some more. Catatan
if it's a bear flag, the target is about 4550, then we'll see how the rsi looks. Catatan
this could be wrong, but smaller RSI needs to be reset. Part of the larger B wave before C. I will be away today, don't forget FOMC at 2pm. Catatan
this is spx, but QQQ will move similar. THis is what "i think" is coming into and after fomc. Just an idea before I'm out for the day, fwiw - Catatan
Good morning, the C wave on tech started overnight. Hard to say exactly where this ends, so be careful. I prefer collecting shorts slowly during the day. SPX also now near it's monthly BB target. Catatan
Weakest index should be IWM, followed by SPX and NQ. TEch should stay strong for a little while longer, while IWM falls more than the others. Catatan
C wave on SP - Catatan
trendline break, looks like it's done. should bounce a little but I think it keeps going down. to 4500 area if correct 
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