SPX island gap at 66.4. See black rectangle.
Woops - maybe that financial problem was real?
Hiccup correction completed. Sorry bout that slight divergence in the financials. We won't let it happen again. All the ducks back in a row Sir!
Dollar Daily with Fib.
Minis 30m 4 days. Rinse/repeat range bound action between 63 and 82.You got two options, it is either consolidating for a top or a further move higher. Green diagonals are what once was the wedge.
SPX 1m index comparison updated.
SPX 5m today.Running along that lower wedge support line. Wedge is roughly 12 points wide here.
1m comparison chart
Financials are back in the heard.
Yesterday in my closing comment I said, "The wedge has been reduced to a mere 15 point sliver. It is clearly consolidating and obeying the parameters. The overthrow this time (if the top is not set now) should be it and will most likely garner a top call of some sort from me in spite of QEII, elections and POMO. Most likely I said, I still got a few hours to think about it. These divergences and that daily MACD may be to much to ignore."
Let's watch the open to see what this crazy mixed up market has in store for us. No POMO today. I'll make the call before lunch I think.
That is all that is left of the wedge as the minis trade from top to bottom since 6:45 this morning.
