4:04 - Well find out what this diagonal is all about at the open. RUT may have finally finished that 5th wave. I added a parallel line to the chart below it. I think it captures the range nicely.Id that cracks I think you are looking at a minimum of 27 38% retrace.60m is diverging and overbought. 30m is just the same. 15m is barely hanging on to the MACD bear cross.
12:36 - RUT 1m channel down. Looks like a corrective here at this point.I think it is a 4th wave and we may have one more pop left, BUT the top could be in as well. That red dashed diagonal post earlier may have been it.
10:58 - RUT - The slightly unorthodox dashed red diagonal may MAY be it. My stops are tight.
10:32 - Just follow the black lines under the indicators. When they begin to go so does the market. MACD is there. RSI 14 is the key IMO. I believe this is a blow off top based on the blown thru divergences on this chart and the 30m. When I put a red solid sell line on a chart it usually holds. Last night I put this one there knowing the futures were up. That should demonstrate just how irrational (IMO) this move is. Sorry I did not update the chart.
10:16 - SPX 4hr chart - Getting pretty toppy but not there yet.Closer for sure."They" whipsawed the S Sto, the MACD hist and the RSI divergence.
10:07 - 30m Index comparison chart. There has not been any significant pullback since the 40 lows on SPX. The daily below will show you how your favorite index is performing compared to the rest.
9:53 - $DJUSFN - Trading range is obvious.
12:36 - RUT 1m channel down. Looks like a corrective here at this point.I think it is a 4th wave and we may have one more pop left, BUT the top could be in as well. That red dashed diagonal post earlier may have been it.
10:58 - RUT - The slightly unorthodox dashed red diagonal may MAY be it. My stops are tight.
10:32 - Just follow the black lines under the indicators. When they begin to go so does the market. MACD is there. RSI 14 is the key IMO. I believe this is a blow off top based on the blown thru divergences on this chart and the 30m. When I put a red solid sell line on a chart it usually holds. Last night I put this one there knowing the futures were up. That should demonstrate just how irrational (IMO) this move is. Sorry I did not update the chart.
10:16 - SPX 4hr chart - Getting pretty toppy but not there yet.Closer for sure."They" whipsawed the S Sto, the MACD hist and the RSI divergence.
10:07 - 30m Index comparison chart. There has not been any significant pullback since the 40 lows on SPX. The daily below will show you how your favorite index is performing compared to the rest.
9:53 - $DJUSFN - Trading range is obvious.
I think RUT charts the best for what is happening and may top between 60 and 51 finishing this 5. It will clearly break out of the 4th wave triangle this morning and could run up to that upper purple diagonal. I'm not positive that it gets to that line. We're looking for the C touch in the A-E wedge and for the top diagonal to be set. I think it is as it should not get any steeper than it is. The Green Team is in control now and they are taking advantage of this period of the lack of data that have been hurting the markets.
Just putting something up. See you in the AM. See the last post for some charts.
Minis up over 9 now WOOOHOOO!
