


rsitrades
EssentialSPX and SPY both look like they are trying to decide if the 18ma will hold as support or not, we have to wait for the close. Gold looks like it wants to go higher. Oil and Natural Gas as well. I forgot BTC, I'll do it tomorrow.
for SPX to have a good down move, 5900 has to break overnight tonight. 5700 is possible this week. Nat Gas still looks bullish, OIl as well. Gold may go to new highs but that wouldn't necessary be longer term bullish. BTC should continue to drop.
SPY likely put in an ABC, I expect lower for most of today. Gold probably higher for now. Oil is just consolidating. NG looks like a buy. BTC i think will breakdown under 100k over the weekend.
SPX closed under the channel trendline which I think bodes well for bears. Gold looks like it's breaking down. Nat Gas looks strong. USOIL looks like it will go higher. BTC is at support.
SPY looks like it's about to break down harder than usual. Gold had a flase breakdown. NG testing support. Oil looking to rally. BTC dropping to support here, but can go much farther down.
Some quick notes. Everything looks choppy. Gold looks promising for an upmove. Natural gas maybe breaking out.
SPX rallied into resistance today, so far it's being held back there. Gold looks like a bounce is coming but I don't think it lasts. NG is looking more and more bullish. USOIL found support under 70 and should test the highs from Friday. BTC looks like it could come down a bit here.
SPX rallied overnight, making the the larger C wave down less of a possibility. Gold may fall now that it's tested it's highs. Natural Gas is over resistance and looks like it will go higher. Oil also looking for a bounce today. BTC is above resistance at the moment.
And I cover other charts as well. I expect lower on SPX next weel. Higher on Gold and OIL. Likely higher on Nat Gas, lower on BTC
Market has reentered the wedge, not a great sign, but we'll have to see how the day loses. Nat Gas came down hard. Gold is holding support, BTC getting a bounce but I think it goes lower. OIL had a nice bounce but may fall here.
SPX sold off more overnight, but nothing dramatic yet. I do believe we will have a negative day today. Gold looks good for more upside and possibly to all time highs eventually. NAT GAS looks like a short and so does OIL. BTC probably a bit lower to 105k.
On spy and sp500 we have a potential breakdown, but nothing is confirmed as of now. Gold may rally above it's resistance. OIl looks like it will fill it's gap at 71 dollars. BTC is coming down but it's still hard to read it. Natural Gas is at support but I believe it goes lower.
SPX cash is likely to confirm the futures high but I don't think any rally from here will last. My bet is still on a turn by Friday. Gold, Nat Gas and USOIL look like a short setup right now. BTC is hard to read, it may go higher first.
SPX is about as stretched as an ending diagonal should get. On Spy the pattern looks clear. If we are going to drop, it should be from this level. We'll see if that is correct soon enough. USOIL found resistance at 66. Gold found resistance at 3350. Both need to get over their resistance to continue the uptrend. BTC pulled back and I think it goes lower. NG...
SPX could be finished overnight but the cash session may try to equal the overnight high. Gold is coming up to heavy resistance. Oil Looks to be heading towards 66 and maybe more. BTC looks like it may drop again but right now it's at support. Natural Gas is likely going to drop.
SPX looks like it will try to take stops out around 6050-6080. Gold may rally a little more but then probably breaks down again. USOIL looks bullish. BTC is at resistance