ES Journal - 2016

If those who can't see the recent rounding TRIPLE top, divergences on MACD and RSI, you are just Bait and more than deserve to lose.

 

next week is looking good for bears

5/10 dmas have crossed on the S&P, look to sell any rallies from here

 

uptrend confirmation on the VIX finally

 

nice looking downtrend

 

2 x 1 bar bearish histo, this thing will breakdown hard.

 

my useless forecast is that it will go up and break 2072 this week

 

Might as well mention what's the low for the week going to be to qualify for the "useless" part

 

Just a quick glance on the weekly SPY and ES chart shows a strong uptrend though?

 

Yes. But...