SPX 10m -backtesting busted support? Recent bottom, climb and fibs. Note the 41.50 support.
Morning, sorry I did not check in this weekend. I was pretty busy with holiday stuff and the kids. Thanks for the comments and charts that everyone left. I really appreciate the effort to remember to vote for me. Very thoughtful gestures and mucho appreciated.
Wednesday and Thrusday this week are the bid econ data days.
See the calendar HERE.
The big POMO event this week is on the 21st with $17 BILLION possible on ONE day.
See schedule HERE.
Big Lunar Eclipse on Tuesday night might generate some sort of solar emptional trading.
Last week I was looking for a higher high to set a divergence (or should I say another or worsened divergence since the divergence that was set after the last fall was not worked off). Minis up over 5 at this time. Minis 60m are apparently following the 50% channel line and have been for some time.
SPX had been after 1247 twice last week and failed to set a higher high. Maybe that pop this morning will get 'em there. Looking at the two holiday weeks last year this Monday was it, then poof goes the volume. Next week was quite interesting. Not saying there won't be any trading opps or that big moves are not possible. Just saying that most are worried about other things and enjoying the season.
SPX 60m - See the divergence I am looking at with this pop? The daily is there as well.
Speaking of enjoying the season, I will be in and out all week as I have some shopping, hunting, a day trip to the ATL and a few other things going on. I plan on doing morning posts and covering the mornings live all week. At some point next week we'll be hitting the annual pilgrimage to CO. Flight has not been scheduled yet, but we'll be there thru New Years. I do report and work from out there as well.
GL and thanks again for all the thoughtful support.
