1:41 - In honor of the kickoff to the college football season the minis have decided to greet us with a nice 1m megaphone. GOOOOOOO FED! CHEAT 'EM! YEAAAAAAAAA
12:07 - it is trying to roll over here. Bears have to crack that blue line with conviction or it will continue to churn up. 86 should hold. it is that VWAP price has to get under. RUT, SPX and NAS about to 30m bear cross. DOW is there. Minis 30m is in a knot.
10:51 - Possible channel and upper resistance line. 10m divergences are very obvious.
10:35 - I hate Pissani. Minis slowly channeling up in a narrow band. Not much else to say. No real action this morning and I expect it to stay quiet for a while. Daily SPX 50ma at 81 and price above it at 84. She's cracked it. Next gap resistance is at 92 SPX.
10:13 - TBT daily - even more bullish if the Fed wants to move things around as their next phase of forcing funds into equities and out of bonds is persistent and successful. Notice a nice potential triple top at the 38% 37.75 (that reflects the SPX 1130 level if all remains constant).
10:07 - TBT chart -Possibly breaking out here.
9:35 - SPX with gaps and fib at upper 1m BB that is exceptionally wide right now.
I think we gotta get some of the pop out eventually, si I'm rolling with the 30m divergences but not promising much downside. We have learned that little is predictable in this data driven manipulated piece of crap thing we call a market.
Off to do the big blog which will have much more detail.
As for the upside targets 86, 97/00, 04, the island gap at 17 and then 27.
Confusion reigns in the world of TA. I'm seeing calls from 940 to 1140. Counts are everywhere and some of the most reliable are just like me looking up and down waiting on clear trend to show up. This range bound churn is wearing on a lot of people.
