Maybe this becomes a r shoulder formation and we ascend?
Tommorow Fri we should end week with poss gapfill and hopefully higher than 408. Aapl earnings were nice today aftermarket.
We made a bullish cup and handle pattern on the hour today. Heading back up trading still in our channel of 389-400. Guessing we do puts tomorrow as we go down the channel.
I like the buying channel we’re in. It’s possible we’re at the head of a h&s move down. Could be a flag. I’m looking toward 380 puts if we get back down to 390 area. Based on the hour chart.
Head and shoulders I see in futures Hour so you see the bigger structure!
Your friends at the central bank have assured that tax payers will not foot the bill for svb! Yellen is a woman with a plan and now we’re focusing back on future rate hikes and a CPI 8:30am data release on Tuesday! It’s Sunday afternoon , Futures is up like 60 points. Bullish run tomm? Or gap up to come down?
12:11pm intraday I see a head and shoulders structure on the Hour forming.
A hanging man is given as a candle for Wednesday 3/8, if patterns are to be considered then look at Jan 24 and notice the same candle given and what has followed has been a sell off the following day (Jan 25) as well as or . I just notice things. Patterns. I also like Spy being aligned with the 5 day. It does appear we could be in a (W) double bottom bounce...
Inflation will need more hikes. Probably bigger than 25bps I can tell you that:)
Watching where we are currently which is following a definition of a falling wedge reversal pattern. Have an exciting day! Continuation? Or Reversal on the Hour.
Flagging currently, still affected by the majority of negative inflation taming with future hikes to quell the fire. Taking it day to day I’m liking a downside near 3700.
Red hot gauge tool for fed-Pce released Friday Expecting more downside
March 2 Next Thursday Initial jobless claims 8:30am Spy formed descending wedge on Hour chart Today (fri) and I’m expecting more selling. Call credits (2-leg) options trading is wat I do. Building Capital.
Rising wedge formed on 1H chart so anticipating an eventual downside move next week. Next stop, Turd City - next week: initial jobless claims Thursday 8:30am March 2.
Descending wedge formed on the 1H signaling more upside.
Next stop turd city! Awaiting pce & unemployment though market is selling off. We’ll see! Looking for 396.
Selling off in preparation for the blood bath tomorrow. Blood bath could be impeded by positively raving reviews on pce and unemployment though I’m doubtful?! Next stop, turd city! Credit Spreads (2-leg options)
No earnings today so nothing to push us like nvda yesterday. Looking for a move down.