IWM will rally while the rest of the market rests

A rotation into IWM has begun, target is 190-193 and probably in quick measure.

Good luck!

Commento:

good morning, on SPX if it's a consolidation we should get a pullback here, if not they will go past 4300 today

Commento:

2hr rsi quite low again, I expect a move up overnight or tomorrow.

Commento:

good morning. SPX still choppy, I expect something like this after the numbers come in. RSI needs to be reset on the smaller time frames.

Commento:

if they decide to sell it this morning I don't think it would last.

Commento:

top of the channel, getting above the last high would be bullish, otherwise we could pullback again.

Commento:

with spx 4hr time frame - IF we get a higher high we will have triple bear divergences on the 4 hr, usually would mean a false breakout

Commento:

SPX rsi can move up a bit more, I expect a run up to 4310-20 at open then reversal.

Commento:

daily and weekly BB on SPX is 4315 and 4325, so I expect that area (or close) to be the target

Commento:

stops probably hit here, but I think it goes a bit higher. I still expect reversal sometime today will update if it looks wrong.

Commento:

MID time frame rsi's now nicely reset. We could hit 4330-40 if this structure is correct. Regardless, I believe a reversal will happen sometime today

Commento:

looks like a reversal, but i wouldn't be shocked at one more high to create more bearish divergence on the rsi. 2 paths as of now.