S&P 500 IndexUpdated SPX and OIL update and a quick look at other markets
SPX Wyckoff pattern may have had one more overthrow to finish yesterday, we'll see. OIL looks to be leading to the downside and I think it will surprise many this year. The hedge trades are getting a bid but nothing substantial just yet. Equity Put call is at very low levels.....
Note
equity put/call - ycharts.com/indicators/cboe_equity_put_call_ratioNote
they broke down after a pop this morning. I would say that is a false breakout and any rally should be sold. Note
bounce into close is probable, but I still think it's a sell. Note
looks bearish for today, although they may spike higher with numbers at 830. my guess is lower today, bounce tomorrow. Note
possible one more move up today to reset hourly rsi Note
could reach as high as 4210 for the C wave Note
target area reached Note
at heavy resistance, if it gets above the count is invalid, but I think here is an objective short - Note
vix down more than 10 percent intraday, to me this looks like a trap to get bears out, we'll see tomorrow.....Note
good morning, we got a higher high and more divergence all mid time frames are now reset higher Note
spx 15 minute showing one more high possible. rsi could go higher. 4270 very close... Note
daily resistance zone reached, may or may not get to 4300. Note
4300 coming up. hourly rsi is almost never this high 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.