Upside target this week is 602.50 - 603.00
Spy
Over 599 and 603 comes .I think there will be push back around 602.. pullback targets at 602 is 599 and below that 595.
Max downside is 590 (20sma) below 590 and this was a dead cat .
10year gapped below 20sma Friday. Looks like it wants a pullback to support and 50sma.. I'll be watching 10yr at 50sma . If it bounces then market will flush and this channel will play out
Looking at Dow Jones and NYA
Both closed right at 50sma and top of Bollingerbands. If they gap up tomorrow price will be outside Bbands and will punish late bulls .. look for a retest of 50sma which should coincide a spy pullback at 602
Qqq
Over 524 and 527 is next up .. over 527 and 531comes
For the record, I'm still not in the "new ATH camp"...
The logic is this FEDs aren't cutting but a cool CPI will give some fuel for a bounce but what happens to the bounce when Jan 29th comes and Powell comes in Hawkish?
So that means the market has 9 days to make whatever upside move it will make but without pressure from yields the market will move on earnings and president Trump's decisions
Spy
Over 599 and 603 comes .I think there will be push back around 602.. pullback targets at 602 is 599 and below that 595.
Max downside is 590 (20sma) below 590 and this was a dead cat .
10year gapped below 20sma Friday. Looks like it wants a pullback to support and 50sma.. I'll be watching 10yr at 50sma . If it bounces then market will flush and this channel will play out
Looking at Dow Jones and NYA
Both closed right at 50sma and top of Bollingerbands. If they gap up tomorrow price will be outside Bbands and will punish late bulls .. look for a retest of 50sma which should coincide a spy pullback at 602
Qqq
Over 524 and 527 is next up .. over 527 and 531comes
For the record, I'm still not in the "new ATH camp"...
The logic is this FEDs aren't cutting but a cool CPI will give some fuel for a bounce but what happens to the bounce when Jan 29th comes and Powell comes in Hawkish?
So that means the market has 9 days to make whatever upside move it will make but without pressure from yields the market will move on earnings and president Trump's decisions
บันทึก
Banking sector
XLF
Up 7% in 4 sessions
Look for a pullback here this week after final banks report
บันทึก
Same Rising wedge here on ES
Price should grind to 6100 before flushing
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