weekly preview - SPX OIL GLD ZB NG BTC

7 maj 2023

All in the video, SPX likely wants to get to 4200+ sooner or later to take out more shorts and convince bulls we will rally much further. I expect a choppy week with CPI on wednesday and claims on thursday.

us.econoday.com/byweek.asp

Good luck!

8 maj 2023

Uwaga

opening is already showing hourly divergence, they may have a rally to 4160 area first but I think a pullback today and maybe tomorrow will come. How much is still hard to tell.

8 maj 2023

Uwaga

qqq may breach the upper trendline before a reversal to the lower again.

8 maj 2023

Uwaga

as of now I'm expecting this. 30 minute rsi already oversold, hourly should be next. If the 2 hr comes down hard for such a little move, you know there's something wrong on the bear side.

8 maj 2023

Uwaga

boring day, just consolodation. Probably going higher even if we pullback the hourly rsi will be oversold.

9 maj 2023

Uwaga

houurly rsi on futures already getting quite low. A b Wave may take today and tomorrow to complete like this

9 maj 2023

Uwaga

so far buyers stepped in, let's see if they can get back to the highs of ysterday again.

10 maj 2023

Uwaga

I think we're ready to break out of range. a Fake out first (blue) is possible. Either way I expect a downmove into next week regardless of first reactions to the numbers today or tomorrow.

10 maj 2023

Uwaga

Blue path looks correct, no matter where it goes it looks like a B wave with a C to follow. 4 hr rsi getting sufficiently reset for a fall.

10 maj 2023

Uwaga

looks like B is done, C would get us to 4k-3900ish

10 maj 2023

Uwaga

One more high for B is possible, wouldn't surprise me, they are trying to get the majority out.

10 maj 2023

Uwaga

If they sell this hard into the end of the day the rsi will look too low. Keep in mind we have PCI and jobs tomorrow, so another move up tomorrow to get another high is possible. RSI still seems to be too low.

10 maj 2023

Uwaga

i don't like the looks of this as a bear, I'm done for the day.