SPX - overview for the week of 7/23
Just the SPX and my thoughts on what may happen this week. FOMC on wednesday and PCE on friday so please be cautious before events like that.
הערה
nasdaq close to an hourly trendline and already showing bull divergenve on the hourly. another low and then bounce seems to make sense for overnight הערה
Good morning, no sell off overnight. Looks like we may push up and then fall. It might be very choppy until FOMC so a scalping market might be the way to play it.הערה
a break down at open would probably be a trap הערה
right now this looks like an ABC, if so, target 4500 area....הערה
tech can come down more, but the gap may be support. 2hr rsi is very low. הערה
yes, tech is likely going to bounce hard, probably outperform. The market is going to get squeezed today הערה
15 minute rsi pointing to one more low. הערה
selling may get intense, but I see this - qqq הערה
still looks fine for one more low. A premature break of the upper red trendline would be bullish. הערה
watching this lower trendline for a breakdown - qqq הערה
objective short for qqq, could be a false breakdown so stops closeby הערה
at the apex of both lines הערה
redline broke, but orange hasn't. I think it's trap but we'll see if buyers can push it. הערה
SPX nothing has changed, still looks like B with C next. הערה
SPX will likely close at the highs today but I believe it's a bull trap. הערה
QQQ broke wedge and retested it. It's an objective long entry. I thought it was a false breakout, but it certainly can be this sell off is a bear trap and tomorrow we gap up esp on tech. הערה
nq popped up overnight, but a move down before a larger move up looks possible, same with spxהערה
spx at horizontal support. Small time frame rsi quite oversold, expecting a bounce and/or rally at open. הערה
could be ABC on QQQ - הערה
watch for possible head and shoulders here - הערה
NQ structure I'm watching. Still thinking we're in B with C next. Tech should outperform some more. הערה
if it's a bear flag, the target is about 4550, then we'll see how the rsi looks. הערה
this could be wrong, but smaller RSI needs to be reset. Part of the larger B wave before C. I will be away today, don't forget FOMC at 2pm. הערה
this is spx, but QQQ will move similar. THis is what "i think" is coming into and after fomc. Just an idea before I'm out for the day, fwiw - הערה
Good morning, the C wave on tech started overnight. Hard to say exactly where this ends, so be careful. I prefer collecting shorts slowly during the day. SPX also now near it's monthly BB target. הערה
Weakest index should be IWM, followed by SPX and NQ. TEch should stay strong for a little while longer, while IWM falls more than the others. הערה
C wave on SP - הערה
trendline break, looks like it's done. should bounce a little but I think it keeps going down. to 4500 area if correct 
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