Update on the markets - SPX GOLD SILVER USOIL
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All in the video. The next few days will help to see if we will get a bounce or a quick move down to 4600. Metals and Oil also covered....
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USOIL divided by QQQ - note the support zone. Ratio charts are suggesting OIL will outperform the markets (right now- that could change). Most people are bearish on Oil and the inflation trade in general. ملاحظة
on SPX if they come down into the close it may be a false breakdown. Either way watch for this wedge structure to break - one way or another. If they bounce target would be the gap fill above at 4770. ملاحظة
close up of wedge/channel. ملاحظة
aapl close to strong support at 182.5 a flush into close (if it occurs) would probably be a buy, although if they gap below this support tomorrow it will be a big problem for big tech. they all tend to follow aapl. ملاحظة
us oil channel. over 74 and it's a breakout ملاحظة
breakout, 18ma holding for today looks likely.ملاحظة
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i forgot about the fed minutes at 2pm. AFter the pop out of the channel they came back in, Still holding the 18/20ma so far. A close under 4705 would signal more bearishness overnight most likely. ملاحظة
no real change overnight, just consolidating in the channel. On SPX futures, there is a break up candle near 4660 which may be support if we break down from here. 830 numbers will probably move it pretty good either way. ملاحظة
Still in the channel. they are buying it at support, and that makes sense, but because we opened under the 18ma, there is a chance of a rejection here. Under 4700 would be a problem for bulls. ملاحظة
NQ Bollinger band is 16300, I think it will get there today or tomorrow. ملاحظة
18ma reached, if bears want to spoil the party this is the area for them to sell it. ملاحظة
IWM showing a bear flag, I think we'll go down soon, will update if not. ملاحظة
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daily inverted hammer, many times this candle is formed right before a reversal - aka bear trap. I don't trust the market here, just going to go home flat. You can read more about them here. commodity.com/technical-analysis/inverted-hammer/
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the fact that they waited until the very end to break 4700 is suspicious. I think they are going to gap this up tomorrow. I could be wrong.ملاحظة
good morning, after the numbers they tested the breakup candle area and it looks like a reversal. I expect a bounce for a few days at least. Target may be the 18ma again or higher. ملاحظة
usoil looks to be breaking out of it's channel. Should not get below it's daily 18ma if it's going to continue. ملاحظة
nq reached its bollinger band and will likely test its 18ma at 16800 ملاحظة
if one more low happens today it is very likely a bear trap.ملاحظة
a bull and then bear trap would look like this ملاحظة
if they get under 4700 this MAY be playing out, we'll see. I'm suspicious of fast moves like this. Usually they are a trap. ملاحظة
this is the area bulls need to get over. Right now I think it's going to reject from here and gap down Monday. ملاحظة
a gap down monday looks likely but it would probably be a buy opportunity. 
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