Another interesting day in markets today, we began the session near overnight lows and rallied strongly, with ES climbing 30 points off the 9am lows, then quickly reversing again to drop 45 handles in a straight line down move. Internals have been calling for all of the recent rallies to reverse, as noted in our […]
Reversal Day for Indexes Read More »
Indexes remain above close on low conviction trade on opex Friday, after a big up session yesterday. Internals are mostly flat, as is volatility, and no advantage is seen to initiate trade in either direction here. After a 2 week up move from recent lows, expect a pullback early next week, which should be foretold
Intraday Friday flat after a big up day Read More »
After a 35 point selloff in the SP500 on Friday, the market retraced approximately 15 points of the down move to close bearish still, on weak volume.
Inside day, much ado about nothing Read More »
ADR bottoming out yesterday at close, which points to a potential local top in the SP500, which made a new intraday ATH (all time high) today. Nasdaq100 stocks were strong today, pulling other indexes out of a low in premarket. Vix closed on lows, and the volatility picture is not yet confirming the ADR top
Average Daily Range at Extreme, potential top in SP500 Read More »
