SPX futures - watch for an unexpected rally

2023年3月7日

This is what may be happening as an alternative to the immediate sell off. Note the 2hr rsi, how low it is again.

The end of the day may look bearish but with the RSI this low, another move higher to test 4100 is still quite possible. Support is 3990 area, Under 3950 and this idea is likely invalid.

Good Luck!

2023年3月7日

註釋

target area reached

2023年3月8日

註釋

we've held that support area overnight, not sure if we'll rally or just crack below this today

2023年3月8日

註釋

we've stopped and held over the 18ma, a break blow and especially weekly close below is a confirmation to me that we're not bouncing higher.

2023年3月8日

註釋

US DOLLAR looking like a correction is soon - daily BB resistance and daily bearish divergence. Worth a watch.

2023年3月8日

註釋

SPY is at a downtrend here, a break above would be bullish, a break lower than the recent lows is bearish.

2023年3月8日

註釋

looks like a breakout, invalid if we get below the lows

2023年3月8日

註釋

failed breakout - bearish

2023年3月8日

註釋

pitchfork boundary continues to hold - IF we get a bounce it may be nothing but a small retrace

2023年3月8日

註釋

hourly bull divergence is playing out on futures, but it may be just a small bounce - we'll know more tomorrow

2023年3月8日

註釋

jobless claims 830 tomorrow. should determine the markets next step. us.econoday.com/byweek.asp

2023年3月9日

註釋

small rally this morning with the numbers is likely. I'm sort of seeing a head and shoulders on futures if this rally is minimal.

if so, the target is approximately 3650