No Bounce, orderly sell off -2% SPX -3% IWM, if we get a big dip at the open, could be a play long. Trouble is there is one exit door.

Trying to bounce

I am traveling next week so posts will be few, but I see two things that might happen SPX wise. This is a bear trap and we snap back to new highs

next week, in which case I am going all in short as this could be a blow off top. OR, we trend down to 975 - 950 where a test of the 200 EMA and price support is if we break 1025.

Anyway, see you all week after next.

At 1038 we have a channel line then an EMA at 1010 for support levels

SPX 2nd visit to the lower wedge line...got an RSI sell today but at around 50 , turns happen

Not so good reports = SPX -1.5% 1040 getting tested

Oil up 1% and Dollar green. If Oil turns down we should get a good sell off.

Long DFS short MA is the winning trade now... a freaking wild one...looking for a trend change

Markets's a traders market last few days/weeks, red close Oil up big, dollar down. Wedge pattern is coming to an end here in the next week or so,

Bulls may have eaten to much:
My view is this market is a ticking time bomb, ready to go off anytime now

Still waiting for a breakout of this pattern, should be powerful whichever way it goes

Market reversal...setup on the 60 min SPX chart

RSI buy sig on USO up 3% on falling dollar?

Holding just above the 20 dy EMA on this 60 min chart... break below 1040 busts the up wedge and next test would be below 1000

We are also just below the 5 week EMA at around 1050ish

Market wedgie coming up, and 1040 test which may or may not hold

Sleepy Market today...basically Unch all around.

TLT 6 % from a new bull market in TBonds (or up 20% since June)

SPX weak after the morning pop to 1070...retest 1040 today

SPX up Bonds up Dollar up Oil up...that's different, SPX close 1063 on try for new highs. XLF strong up 3.3%

Retrace to 1064, looks strong but still a retrace till proven otherwise

1062 is res area and possible reversal level to watch for

Bounce off 1040 EMA support with Markets up 1.5%. Stockcharts.com is down so I'll post when it's back up.