Chỉ số S&P 500Giá lên
SPX - turnaround Tuesday and Oil - ready to move higher
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Both discussed in the video. The SPX resistance level of 4340 is an area where an objective short can be tried. It may go higher but I don't think by much. Oil is almost done consolidating for a bigger move to the upside. Possible cup and handle target would be $120
Good luck!
Good luck!
Ghi chú
no selling yet - QQQ looks like it wants to get to 372, then we'll see.... Ghi chú
OIl still consolidating. Ghi chú
to me the count looks like this - sideways B and we're in the middle of C another wave up on C makes sense but not too much higher. The whole correction looks like WXY Ghi chú
false breakdown on oil - to take out stops I assume - may breakout today. Ghi chú
Good morning, we may have topped yesterday, I'm not sure. PPI this morning and FOMC minutes at 2pm so it may be a wild day. I'm watching this channel, we are now on top of it, back into it would be bearish but we could go back to the top of it again. That retest may be a short opp. Also strong support at 4340 should not be ignored. Ghi chú
OIl looks to be breaking down, so it should be a strong move down from here unless they save it soon. Ghi chú
the channel could also be like this - in which case, they may sell it here at 830. Ghi chú
2nd stab at channel, short opp Ghi chú
Oil double bottom - may reverse here - over 86 and it looks better for bulls. nothing decided yet. Ghi chú
watch for a potential break and fail. Ghi chú
price is compressing with low rsi on small time frames, a breakout and a higher high is certainly possible into 2pm fomc minutes. Ghi chú
SPX appears to be in a triangle, or something like that - probably into FOMC minutes at 2pm. Ghi chú
looks like a tradable top, a bounce with the fomc minutes will likely get sold, Ghi chú
RTY coming into a support level. Objective long especially here I think. Still cold be more upside in this rally. Never underestimate the buy the dip crowd when it works. Lately it has. Ghi chú
gap at 4400 level on spx cash still not filled, could be a target if a rally sticks. Ghi chú
should continue higher to fill the gap on SPXGhi chú
Ghi chú
back to the channel by end of day. It could be a trap - note the hourly bearish divergence here. We'll see tomorrow.... Ghi chú
nq resistance area Ghi chú
us oil gap fill, not sure what to make of it I got stopped out. Ghi chú
IWM was weak today compared to other indices, sometimes a leading indicator. Stopped at it's daily18ma Ghi chú
IWM still has not made it's target of 165 (head and shoulders) i think it does by November. Ghi chú
us.econoday.com/byweek.asp CPI today at 830Ghi chú
market keeps pushing against the channel. A break above with CPI and continuation into 930 (to take out shorts) is possible. usually these kinds of patterns have a "blow off top" moment. I do think today the market will turn down regardless of how high it gets first.Ghi chú
soxx back to channel resistance Ghi chú
qqq to 372 area - channel resistance Ghi chú
ES (futures) suggest 4450 area as possible target. Ghi chú
15 minute rsi too low again, expecting higher Ghi chú
after open I still expect a short squeeze, RSI is hinting at it. I could be wrong, but here it is. Ghi chú
looks correct, Ghi chú
current count - Ghi chú
support level here - if it can hold it probably goes higher. Feels like a bear trap - again. Ghi chú
lost support, looks like the top may be in. test of that 4376 - 80 level may hold it back. Ghi chú
we have an expanding channel here - which may prove to be the bottom before a final rally. Just best to be careful. Ghi chú
this channel is acting as support. one more high would not surprise me in the least bit. RSI extremely oversold on small and mid time frames Ghi chú
q's gap at 376 area, may be what's driving the tech move. Ghi chú
resistance of 4380 still holds. if it breaks it's bullish. Ghi chú
secondary resistance here. so far looks bullish but it may stop around here. Ghi chú
secondary channel structure reached, but it looks like it's going to crack. Ghi chú
if they break the channel (blue) any test of it is an objective short. If they hold and test the yellow trendline which held earlier, that now should be resistance. Ghi chú
ok we're bearish Ghi chú
Larger structure still looks like a channel. Wave 5 down starting i think. Ghi chú
coming back to test the channel. I'm not sure what's going to happen here but they will keep everyone guessing into the close I'm sure. Above 4370 tomorrow and it's going to make another high. Ghi chú
how the day ended - Ghi chú
New Video - I will update there - enjoy 
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