rsitrades

06:08

rsitrades

I have my doubts the rally will last, however if they get over the previous highs it is likely going to 5700+

09:32

rsitrades

Markets did sell off last night and the VIX did start breaking up, so I believe another leg down is upon us. However, the chance for a C wave rally from the lows is possible, so caution is necessary.

11:44

rsitrades

quick overview after the close. I wasn't happy with the pump at the end of the day but I still lean bearish for some reasons I discuss.

03:34

rsitrades

Quick update. The market is acting as it did during the last balance area.

07:00

rsitrades

The market needs to make a decision to either follow through or trap last minute bulls from yesterday.

10:46

rsitrades

Things I'm seeing post market. I still lean bearish but a gap up tomorrow would negate my idea.

08:28

rsitrades

market has to make a decision here as it has reached targets on SPX and the VIX

04:25

rsitrades

A small bounce at open is expected but lower into the rest of the day to complete the pattern is likely as of now.

15:07

rsitrades

The pattern seems to be a WXY (abc X abc) I expect a low Monday with a good bull trapping bounce, but then a lower low at the end of the week.

13:28

rsitrades

Some ideas for the week ahead. I do think we'll bottom this week, but maybe not Monday. However, I think eager buyers will support price on Monday no matter how bad the gap down may be. Best not to rush in in my opinion.

15:42

rsitrades

18 monthly ma being at 535 on spy makes me feel like a flush to there on Monday is quite possible. The C wave idea is being negated as of now in favor of another 5 wave move to 535.

11:31

rsitrades

qqq has filled it's gap, spy hasn't Some megacaps are at strong support, where usually buyers would step in. No guarantee this reverses. Monday may be a flush to 535 on SPY

07:14

rsitrades

Market is coming down hard, but I believe it is a C of B with a large C wave to 5900+ next. Good luck!

08:42

rsitrades

Today or Monday should be a low. The possibility of a move up after open to squeeze out shorts before a larger down move is there.

13:41

rsitrades

An overview of all the indexes I follow. Most are showing indecision after today.

07:25

rsitrades

Update on the trade I believe it is winding up to break down hard.

10:15

rsitrades Updated 

My feeling here is we are finishing a B wave down in the next day or two and then a C wave up to 5900 +. I explain the structure and RSI on SP500

04:09

rsitrades

Possible bounce here, technically it looks feasible. If overnight is a bounce, we may have a C wave into Friday. It's very uncertain here.