Random ideas after the close. I still think we go lower, but of course the ending was scary for bulls. We lost a key level today so I'm comfortable keeping shorts overnight.
analysis of the market at different times during the hour. I stayed short. AMEX:SPY SP:SPX #ES_F
Analysis of AMEX:SPY at 1pm March 13, 2024 and my reasoning for holding shorts into the close. If anything changes I will stop out AMEX:SPY SPX #ES_F
AMEX:SPY SP:SPX #ES_F looks like its about to break hard to the downside.
possibly a move up to fill out the triangle and give other indexes a test of ther highs from yesterday. I don't think any rally (if it comes) will last long.
Thoughts about what might be next. We could have one more down, let's see how it plays out. Today's upmove was weak and couldn't confirm a rally.
Before I go shopping. Bulls have everything to prove into the close. Some indexes are showing triangles and rising wedges. Nothing is certain this will be a bullish breakout yet.
early buyers were punished but I think we now can bounce and I explain why everything looks to be lining up for that. If we go lower, I'm wrong. I expect a target of 5700 minimum.
AMEX:SPY TVC:VIX analysis Maybe a tradable bottom today after the numbers. Good day to wait and see what happens.....
Video AMEX:SPY SP:SPX TVC:VIX Some ramblings on a Monday afternoon
Little bounce may happen today, I don't think we bottomed yet.