Short Weekend Gap Up

Futures look short ready. $QQQ $SPY $VXX $TLT $UVXY $GLD

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Gap ups on Monday or gap downs on a Monday after strong moves up or strong moves down (respectively) usually create a turning point.

This is exactly what kicked off the current 5 day rally 1 week ago on Monday, and you get the adage "Turnaround Tuesday".

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I am thinking that SPX follows June - July seasonality pretty well. www.mrci.com/client/spmarket/esd.php

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SPY on 78.6% retracement.

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S-Curve Complete.

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Added more short... same entry price about.

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Out of the channel. So far so good. ES/YM/RTY beneath late dark pool prints Monday. Looks like the CPI numbers were a bull trap.

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Target 1 hit, oh yes.

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Heavy bounce on the June 7 gap fill (Friday). We are completing a parallel channel here just as NQ back fills the June 11 gap (Tuesday). NQ was the only futures index of NQ, ES, YM, RTY that did not fill the Tuesday close on Wednesday. I suspected further downside here it does not seem like buying but selling that still exists at the June 11 Darkpool area of 7518.00

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Rejected again. Not sure if the unfilled Wednesday gap and CAM S3 daily can hold it. Not looking very bullish right now. s3.amazonaws.com/tra...shots/2/2chVs46d.png

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