SPX - overview for the week of 7/23
Just the SPX and my thoughts on what may happen this week. FOMC on wednesday and PCE on friday so please be cautious before events like that.
Nota
nasdaq close to an hourly trendline and already showing bull divergenve on the hourly. another low and then bounce seems to make sense for overnight Nota
Good morning, no sell off overnight. Looks like we may push up and then fall. It might be very choppy until FOMC so a scalping market might be the way to play it.Nota
a break down at open would probably be a trap Nota
right now this looks like an ABC, if so, target 4500 area....Nota
tech can come down more, but the gap may be support. 2hr rsi is very low. Nota
yes, tech is likely going to bounce hard, probably outperform. The market is going to get squeezed today Nota
15 minute rsi pointing to one more low. Nota
selling may get intense, but I see this - qqq Nota
still looks fine for one more low. A premature break of the upper red trendline would be bullish. Nota
watching this lower trendline for a breakdown - qqq Nota
objective short for qqq, could be a false breakdown so stops closeby Nota
at the apex of both lines Nota
redline broke, but orange hasn't. I think it's trap but we'll see if buyers can push it. Nota
SPX nothing has changed, still looks like B with C next. Nota
SPX will likely close at the highs today but I believe it's a bull trap. Nota
QQQ broke wedge and retested it. It's an objective long entry. I thought it was a false breakout, but it certainly can be this sell off is a bear trap and tomorrow we gap up esp on tech. Nota
nq popped up overnight, but a move down before a larger move up looks possible, same with spxNota
spx at horizontal support. Small time frame rsi quite oversold, expecting a bounce and/or rally at open. Nota
could be ABC on QQQ - Nota
watch for possible head and shoulders here - Nota
NQ structure I'm watching. Still thinking we're in B with C next. Tech should outperform some more. Nota
if it's a bear flag, the target is about 4550, then we'll see how the rsi looks. Nota
this could be wrong, but smaller RSI needs to be reset. Part of the larger B wave before C. I will be away today, don't forget FOMC at 2pm. Nota
this is spx, but QQQ will move similar. THis is what "i think" is coming into and after fomc. Just an idea before I'm out for the day, fwiw - Nota
Good morning, the C wave on tech started overnight. Hard to say exactly where this ends, so be careful. I prefer collecting shorts slowly during the day. SPX also now near it's monthly BB target. Nota
Weakest index should be IWM, followed by SPX and NQ. TEch should stay strong for a little while longer, while IWM falls more than the others. Nota
C wave on SP - Nota
trendline break, looks like it's done. should bounce a little but I think it keeps going down. to 4500 area if correct 
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