Dow theory buy signal barely missed, but now there are multiple pivots ready to launch on all weekly indices. Newsletter services are getting very pessimistic. Imagine how angry the youtube gurus will be if it explodes here, for MAXIMUM PAIN!
This thing didn't come out of the gate with a nice gap up? Hmmm, know what that means... (after Friday's close) (Thinking out loud) We are either heading straight down thru tomorrow's rth close.... or.... we'll slowly bleed down tonight, with a few punishing down-spikes before it decides to reverse with one relatively swift upspike to 4050 with a continuation of the run in rth. So... for the next few hours, 4050 ish is a sell. 4034 will work as a long with a tight stop below. The fact that this thing didn't gap up.... odds are tomorrow's rth will be lower if I had to guess one way or the other however. > not advice, just opinion.
I want to know what the hell happened at 9:37 PM EDT tonight, that caused that blip north. I can find no news yet, but the algos caught wind of something. People, hear me now and believe me later...This is not normal behavior during the Asian session on that time stamp.
Second breakout of bull flag that is part of the cup and handle pattern. I'm looking for higher prices from this and will initiate a swing trade on a further confirmation that we are not headed back into the channel. I still hold my long from 3915 and will switch that into the June contract soon.