Morning Post, SPX, S&P 500, e-mini

3:40 - $DJUSFN 1m divergence - looks great but dangerous if they are serious about moving this bad boy higher.  5m Bear cross on MACD with S Sto and RSI divergence as well.

3:33 - Want to know why they are fighting back so hard right here on the RUT?  That is a170 point HnS with a right shoulder possibly completing here. 430 target if it should happen. Again, they need a catalyst.

3:00 - Heeeeere's 71!  Not sure what happens here, but if this cracks I'd be out of shorts.

1:24 - Note the 200ma on this 133tk chart. Like a magnet and it it trading above it and trending with it. I'll let you know if the ma cracks. The pink line in the middle is the VWAP. Pink lines on to and bottom are VWAP bands. That should dictate the total range.

 12:40 - Minis have been stuck in the tiny little range on the lower right side all morning after breaking thru support. Something is holding her up. That diagonal is the original upper resistance line from the April top. It is sitting near 55 which works well with what I'm seeing on the SPX targets. 30m indicators embedded for the most part with nice divergence on MACD and RSI.

Here is today's action - Volume is dwindling.

12:17 nothing to really show chart wise. Lower lows and just trickling down. That is better than trickling sideways. Targets if she lets go are 55 to 48.

10:57 - Rich is gonna hate me for this. 30m SPX with divergences. Yes, I put a dashed medium green buy line on it (strong possibility). This chart is not infallible, but I do live and die by it. In circumstances like this, I suggest you hold long or short wherever you are and watch the tape closely with stops. If that HnS breaks down we're at 30 in a heartbeat. If not a retrace all the way to 92 is a possibility. The count says no retrace yet (but you all know I hate counting and think it is a load of crap that will get you in more trouble than you need to be in).

10:30 - SPX possible triangle.

10:25 -  SPX from the 1100 top with fibs and gaps. PPT made their stand at the neckline as expected. This looks like a corrective here. Let it form a channel or whatever and then we can get a grip on things. Target as high as the gap at 73 SPX at this point unless it breaks down of course.

9:33 - Remember this possible HnS set up on SPX. It fits well with the Hindenburg Omen and the possible Iran nuke issue. 

8:35 - Minis set lower low. Backtetsing the original resistance line from the Apr 24 top and nearing the wave 2 target line (see bottom right corner of chart near 55) - off to the big blog. 

Minis flat. Nothing happening right now. See you in the morning.