11:37 - See the red diagonal that has it now. Possible backtest of wedge coming. Up for 4 or 2 of 3 to close that1m island gap at 45 and make 38% off the top.
10:02 - SPX 15m -
Minis daily - like a busted record as we wait for the wedge to end. Yes, it is extended overbought. What may be the HUGE tell is that the VWAP is now below wedge support. This run should be over. Of course they could turn it into a channel and ramp it to infinity. You can never discount that.
Minis 60m - flat/spike rinse/repeat. Some serious resistance there at 58 to 60. Note the price is above the sky blue VWAP band. This more than not leads to some sort of sell off if you look at the chart closely.
SPX 60m - Possibly one move up left to 58/62 range or it just falls apart. What is strange is this is all to obvious. I remember just like yesterday we got a bad GDP and employment print and Bernenke simply promised the moon and look where we are today! Everything is all better, right? Well, guess who speaks at 10:30 today? Oh hallelujah!
