The ACD Method

Euro holding in relatively well. I think this is some confirmation of some rotation. EUR can outperform ES going forward for a bit.

 

I'm flummoxed wth the SPY weekly. Market traded high enough for long enough that I have a confirmed weekly A up and a confirmed daily down.

 

Failed weekly A up for me and failed A down intra-day. Kind of explains the 18 VIX.

 

Funny you say this. I'm in a similar situation and probably about to get flat. I have a failed weekly, and a confirmed daily a down. That said, as I look around, I see a lot of bounces. I think we're at an inflection point of some type. I have a mess of levels, daily/weekly/monthly all clustered around the same place. Sooner or later up or down is going to win, (just not sure when). So we wait for clarity for now.

 

Hey, ACD shines again, we all have different levels, but we all agree that there's no real bias up or down! Good stuff guys, (I'm not being sarcastic, I think this is actually great that we're all seeing the same things).

 

some people refer to this as chop, LOL.

 

Gold hanging around the weekly A up still. I still think it's a sleeping giant.

 

Weekly A down in Gold is 1700.

 

Just bounced off my weekly OR. I think this thing goes higher...

S&P did the same thing.

 

Thank God that ugly correction is over in the spoos. Jeez. I was getting nervous down there at 1340. I thought the "big one" was coming.