Double top or a bullflag?
We break below 407 and we have a double top, otherwise , it's flagging.
Google and Meta (XLC) are dragging on the QQQ
But Google has bounced off its 21ema .
Vix flirting at resistance again..
IMO vix is bluffing again, look for a pullback
I stayed away from the ETFS and traded NVDA calls this morning .
Fed waller speaks at 1:45 today, He's a hawkish so that could push spy down to support around 407-408.
Job report tomorrow which could either keep the pullback momentum going or cause another bounce.
Right now the Range is 407-415.
When I said pullback I meant it .. not one tech sector has broken its uptrend since December lows and that's why I posted some bullish trade ideas premarket.
I'm starting to feel they will melt this up to 430 by March and then we correct. Cycle wise Every March for the past 6yrs SPX has corrected .
I'm still long term bearish
We break below 407 and we have a double top, otherwise , it's flagging.
Google and Meta (XLC) are dragging on the QQQ
But Google has bounced off its 21ema .
Vix flirting at resistance again..
IMO vix is bluffing again, look for a pullback
I stayed away from the ETFS and traded NVDA calls this morning .
Fed waller speaks at 1:45 today, He's a hawkish so that could push spy down to support around 407-408.
Job report tomorrow which could either keep the pullback momentum going or cause another bounce.
Right now the Range is 407-415.
When I said pullback I meant it .. not one tech sector has broken its uptrend since December lows and that's why I posted some bullish trade ideas premarket.
I'm starting to feel they will melt this up to 430 by March and then we correct. Cycle wise Every March for the past 6yrs SPX has corrected .
I'm still long term bearish
