SPX and OIL update and a quick look at other markets

31 May 2023

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.....

31 May 2023

Not

equity put/call - ycharts.com/indicators/cboe_equity_put_call_ratio

31 May 2023

Not

they broke down after a pop this morning. I would say that is a false breakout and any rally should be sold.

31 May 2023

Not

bounce into close is probable, but I still think it's a sell.

1 Haz 2023

Not

looks bearish for today, although they may spike higher with numbers at 830. my guess is lower today, bounce tomorrow.

1 Haz 2023

Not

possible one more move up today to reset hourly rsi

1 Haz 2023

Not

could reach as high as 4210 for the C wave

1 Haz 2023

Not

target area reached

1 Haz 2023

Not

at heavy resistance, if it gets above the count is invalid, but I think here is an objective short -

1 Haz 2023

Not

vix down more than 10 percent intraday, to me this looks like a trap to get bears out, we'll see tomorrow.....

2 Haz 2023

Not

good morning, we got a higher high and more divergence all mid time frames are now reset higher

2 Haz 2023

Not

spx 15 minute showing one more high possible. rsi could go higher. 4270 very close...

2 Haz 2023

Not

daily resistance zone reached, may or may not get to 4300.

2 Haz 2023

Not

4300 coming up. hourly rsi is almost never this high