5K spoo is going to be troublesome. Nasd 17,900 print is needed to define yesterday’s low. Many in the room got long Spoos & Apple after the weekly ORL sell stops were elected very late day. Penn was on it! … Continue reading →

The Pit Spoo & Nasd chart will be your friend today. Spoo will require a 5032.25 print to gap fill/ Nasd 10017,911. Early Spoo support comes in around 5000. 49.74 print is needed for a reversal on the 100X3 Nasd … Continue reading →

30 Yr. Bonds require a 120.08 print for Friday to be a tradable low. Watch the spreads for market tone. Spoo/Russell is coming into the FOMC hold level. Oil either holds right in here or is vulnerable to a move … Continue reading →

The targets are on the sheet. Bonds are deciding whether or not to take another leg lower. Russell has led the past two sessions. Looking at the maps I’d look for the Spoos to start leading again. Bitcoin is up … Continue reading →

Yen and the Nikkei are getting interesting. I just calculated the full potential swing count in the Nikkei over the ATH Matrix #. It’s an enormous swing that can play out over years. So far the Nikkei has been strengthening … Continue reading →

Indices are shaking off last nights Bond weakness. P&F shows sustained price action below 120.08, more importantly the matrix #, is need for further weakness. Risk spreads are positive. Let the day set up

Bonds require a 121.00 print for a reversal on the long term point & figure. Current yield charts show the 10’s @ its 200 DMA, 2’s into cloud and mag avg resistance. 2-10 so far held iis 50 DMA. 2-30 … Continue reading →

You’ll likely see one attempt at back and fill. Other than that watch the Pit gaps and how they trade. Spoo/Bond is at momentum resistance. No buying initial strength.

So far the Wednesday lows look pretty good. Russell stopped at a perfect spot. The question is where the rallies run out of steam today. Will we see a Thursday high and a resumption of profit taking? 4872.50 is the … Continue reading →