3rd & final week of big Spx earnings
Not as big as last week but bigger than the first
It is the biggest week for US small caps coming up
We had a small taste this week but nothing compared to the week coming up
I'm happy with the xvi/vix movements, although they're not doing enough to push indices higher (yet)
Bears still stubbornly holding positions
Xvi/vix reaching resistance so this last push needs to fomo on monday or more sell absorbing is needed again next week to prevent a major dump
XJO now moves into the 7330 & 7390 fences (this chart I haven't posted as it has too many lines. Sorry. Haha)
Uptrend remains intact with a 7330 backtest monday (blue arrow)
We should've done this Friday but we try again Monday now
Bears still haven't conceded 7360 yet so I'm not that excited about last night (were those few points above the red line enough to make bulls push?)
Needs to clear that red line on my chart & do the green arrow
That's where I assume bears try regroup next but that's not market top (well it shouldn't be)
Bears have finally conceded on the hrly chart but we need bulls to make a strong appearance now
As soon as bulls throw in the towel, another short opportunity presents itself
AUD finally positioned for a multiple week run
Bears failed their last attempt to hold a trend
Now it's the bulls turn to try again
Anything that can stick should convince bulls to push up
10yr bond yields also favouring the bulls
(apparently I can only add 3 charts so these last indicators not posted)
Actually nearly every indicator looks to be favouring the bulls except the indices are refusing to push up
That march dump must've been worse than I originally thought
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3rd & final week of big Spx earningsNot as big as last week but...
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