4k arrives - plan for the holiday stretch - SPX USOIL XLE BTC
Everything included in the video, I do think a turn lower is likely on these markets, but without as many market participants as usual we could have whipsaw reactions for a day or two. A sell down on the half day Friday would especially be bearish for Monday as traders who are long and away from trading will be trapped.
Good luck for the rest of the week and happy thanksgiving to you and your loved ones!
Good luck for the rest of the week and happy thanksgiving to you and your loved ones!
הערה:
Good morning, not much selling after the economic numbers so we may have another high coming, hard to tell at this point. Above 4010 and it probably marches higher. Under 3970 and it should be confirmation that the C wave started.
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put call was 1.35 yesterday. Either someone knows something or there are too many shorts in the market. I'm betting the first, but another high may squeeze out shorts first. ycharts.com/indicato...quity_put_call_ratio
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one more high looks likely after open, maybe into fomc minutes at 2pm.
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looks like a top, let's see what happens from here.
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no sell off, interesting. DJT and IWM weak again today compared with SPX. SPX is close to the 200 day moving average, perhaps they want to get there. I still think the half day on Friday will be a sell off.
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DJT bear flag formation still looks the same, just extended
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Have a nice holiday/break and see you on Friday!
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happy thanksgiving, with futures trading I couldn't help but notice we are in a channel which may break down Friday. Another high is also possible, but the RSI is getting pretty weak.
הערה:
Good morning, there's a shorter session today. We got very close to the 200ma (purple line) but didn't hit it. Either it was too obvious of a target, or they will try to tag it today. The aapl news out of china may affect appl, in which case the indexes would probably fall with it.
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last reading on put/call was .88 ycharts.com/indicato...quity_put_call_ratio
הערה:
no guarantees in trading but right now this is the current count. A friday sell off on a shortened holiday trading day would be a surprise and bearish for monday in my opinion.
הערה:
so far on SPX this downtrend is holding
