We all need trolls in here. I always appreciate their timely criticism and emotional outbreaks.
The wedgies in the market popped a bit here into the close. It’s not uncommon to backtest a bit early next week, so take that into consideration.
I’m exhausted. Have a good weekend.
OA
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A troll has surfaced here, at days lows. That was my sign. I took $IBB calls for a bounce here.
More later,
OA
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Here we are, same prices as I’ve mentioned all week. $NQ_F needs to hold 4290. After a failed attempt down, we’re right back into it.
$VIX needs to stay under $16.50.
$IBB $258. A failed attempt down, right back into these prices.
The /DX has struggled with $93.85 and is hovering here again today.
Oil up.
Notes well off their highs.
Banks coming back off the lows.
If today doesn’t set the tape free, I may have to check myself into the nut house. What a shitty week.
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I cleaned up the charts and added labels to help illustrate the concept.
Pretty similar, no?
Let me know where you think the holes are in this analysis. As for today, $IBB having a hard time moving away from POC at $258 today and not following the market lower.
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Point of control on the Nasdaq has been holding since discussed on Friday.
$IBB still hanging onto this $258 level.
Oil up.
Banks red to green.
This seems like a fat pitch here, similar to the May trade of 2014 where I told you to take a few weeks off of work.
I’m making some lists here this morning, will update on this later this afternoon.
OA
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