On the daily chart, it appears to be a breakout, but if we zoom out the the TL is still intact. In addition, we saw massive blocks in SPXU and TVIX and VXX, which tells us to be careful..
Looks like it.. Blocks of $COP and $DBO may be pointing to an oil top. $USO #CL_F
Daily and weekly deceiving.. Double top set up.
ES looks like it's completing it's last supply test. I didn't see any SPY blocks yesterday except more late prints from 266.90 area. Either all the players are already in or already out.. I would bet on the latter. Watching 2703, 2710, 2718 as possible targets.
Looks like LPSY with AAPL and GOOGL holding QQQ's / NQ's up for false breakout.. $5M puts BTO
Observation on here on macro picture. SPX gap fill to complete the double top and lower high plausible. No position
2660 - Very important area to watch. Few plausible scenarios. Watch for fake breakout above the trend line into .618 fib 1. They closed it above 2660, then futes rollover trapping bulls. 2. Target Area 1 - Could be LPSY (Last point of supply) and conveniently the .618 fib 3. Touch of the trend line and .764 fib triggering short covering and final upthrust to...
We have a C&H set up on the monthly chart. I expect weakness in the dollar into Monday morning, and back fill the open gap at 3520, then trigger a massive move up. The catalyst for the move is record net spec shorts and I sense some news is coming to trigger massive short covering. This will be very very bad for oil and the market. In addition, record net longs...
Record long net spec oils and climactic selling into support and previous gap. (Not sure how that was there.. Clue? at 24.50) Oil overbought and torched.
H&S pattern targeting new lows
IH&S set up could be a black swan set up. #DXY
Cup n handle on monthly.. Parabolic move up?
False breakout on lower TF's IMO and supply test. Gets ugly..