10 open 1m gaps TODAY!
SPX 30m - this is the best I can come up with ST.
This is fucking BULLSHIT! Anyone (Bueller), anyone (Bueller) care to tell me what is normal or within reason about this move? Rigged bullshit is all it is.
SPX 1m intraday - Jumping on the financials short early was a good play.
Minis 5m - wedging, busted green upper resistance diagonal and got thru 91 resistance as well.Divergences on MACD and RSI are not good.
Minis 30m - 1200 is the high we're looking to stay under if you are a bear.Lots of open space to 1206 and then above. Very overbought here. this will be dramatically different from the cash charts which will add to the confusion.
About 10:30 last night the minis started their drive north. Lifting off like Rudolph was in the lead they are now at cruising altitude +15.50 (so much for buying the gap down open today). After rising above the clouds (resistance at 91) a final thrust got them thru the atmosphere (over the upper resistance diagonal at 93) and now the resistance has become support at those levels. Would not you love to see them burn up on reentry?
Remember that dollar chart from yesterday? Approaching upper channel resistance? Hit it.
EUR/USD - Not sure what stopped the EUR before hitting 1.26. One would think this will be a 5 wave move south here and not an ABC as it looks. Right now the 3rd or C is still short of 1 or A. 1.34 resistance is the 38% retracement. Possible 4 up to backtest the busted channel support diagonal.
Right now looks like cash will get to gap resistance near 95 at the open. 1200 has been the upper range for this move. How much strength this move has we'll soon find out. 1200.30 would be a higher high. Based on the downturn in all the daily indicators it really looked like C was going to start today. The upper resistance diagonal off the top should be taken out at the open on cash. That will be an issue for the bears. Everything I am looking at had set up a sell scenario and that last 30m candle yesterday was a beauty. Let's see if the bears get a chance to sell an open instead of buying one today as this B or 2 wave plays out.
