Friday Notes - SPX USOIL GOLD DXY WHEAT BTC TLRY
Updated
Everything in the video I also talk a bit about market psychology and why it's problematic to think the "news" is the cause of price movement.
Comment
On SPX cash we really haven't broken the channel trendline and it bothers me that this is the case. It is very possible this is just a B of an ABC and so I want to urge caution. It looks more bearish on futures, but when I see discrepancies like this I get cautious. Comment
SPY looking similar - a close today above 368 on spy and I would urge caution for shorts into next week. Comment
IF they recapture 3730 today on futures the daily candle will look like a false breakdown and we go higher likely next week. I will update if that happens. Comment
Futures look like a bearflag, Comment
SPY looks like it lost trend. lower into EOD would be good for bears. A recapture by EOD would be good for bulls.Comment
Comment
SPY at a support level and the .618 fib - typical buy zone for many. I'm taking some profit here in case something weird happens and they reverse it. Comment
bear flag continuation to 3580 likely. Will reevaluate once that level is reached. Going out for the day - good luck! Comment
head and shoulders target reached 
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