SPX 500 - just the technicals please - part 2
Technical review of the stock market after the FOMC rate hike and Jerome Powell speech. All in the video - I'm tired and will update tomorrow.
Komen:
aapl will open at major resistance on both daily and weekly charts.
Komen:
aapl weekly
Komen:
Vix to lower BB
Komen:
ES to 18ma on the monthly chart.
Komen:
we have reached an area where all previous peaks except for august 2022 have stopped. Could go a bit higher, but this is an area the market should have difficulty with. Weekly 100 and BB slightly higher than here, 18ma on the month already reached. I see popular posts about this being the "time to buy" with no regard for previous peaks stopping here.
Komen:
the us dollar looks to be finding support at its 18 ma monthly
Komen:
vix is green
Komen:
18ma monthly on spy reached about an hour ago, someone else noticed.
Komen:
AAPL getting hammered after hours. Bulls' are saying it's gonna be like MSFT and bounce back hard. Probably not considering the technicals.
Komen:
NFP came in hot, so we may sell today. support at 4090 on ES and then the daily ma at 4060
Komen:
correction - daily 18ma at 4040. We would have to have a really bad day to get there.
Komen:
Put/call at .49 yesterday, shorts covered almost fully it looks like. ycharts.com/indicato...quity_put_call_ratio
Komen:
If it's an impulse down, support at the 18ma daily would probably give it a head and shoulders look before more downside. If this is correct Monday gaps down.
Komen:
oil at its major trendline again, i think this time it breaks
Komen:
Komen:
Good morning, we are continuing the sell off from Friday, I expect we will get to the 18ma today or tomorrow (red line). I see a lot of people expecting another high, but if that doesn't come, a bounce will probably get us a head and shoulders patter.
