Update on the markets - spx oil metals and yeilds
all in the video. I expect a pullback starting today or at least this week, but if the pullback is relatively small and the rsi drops hard, expect over 4600+ in december.
Good luck!
Good luck!
Komentarz:
hard to say what comes today, lower would have support at 4520. Higher would be resistance near 4600.
Komentarz:
looks like they will go lower, but with the hourly rsi already very low 4520 will likely hold as support.
Komentarz:
qqq likely target is the gap at 383 - also it's daily 18ma. Interesting that small caps and DJT are holding relative strength today - sometimes a leading indicator.
Komentarz:
support area on spx, this could be all the selling there is today.
Komentarz:
looks like a falling wedge to my eye, of course it could breakdown and that would be very bearish.
Komentarz:
broke up, the question is - does it fail? Regardless the price action is choppy and terrible
Komentarz:
maybe this into next week, the price action is not really bearish, just choppy and time wasting. Markets can correct in time and price - this feels like a time correction.
Komentarz:
DJT is up 1 percent today. It's definitely looking bullish and has been lagging for much of the year.
Komentarz:
this still looks doable into next week.
Komentarz:
ABC still possible, but small time frame RSI is already oversold. Hard to tell what will happen. UNder 4540 and it probable makes it's way down to 4520-4500
Komentarz:
a choppy mess, but this still may play out from here.
Komentarz:
IWM very strong and looks like it will close over it's weekly 18ma - bullish until it gets under it again.
Komentarz:
DJT also looks like it will close over it's 18 weekly ma - bullish
Komentarz:
back to the channel and likely 4600+ today.
