SPX-cash (Long term view)
Our LT bounce zone @ 2878.40-2843.09 was tested on 8/5 and held.
Closed above our first bounce level @ 2870.70 to add to longs.
50 DMA @ 2929.13 which is inside our very ST selling zone @ 2925.05-2949.34
LT oversold signal has been triggered
S&P futures: (Short term view )
Today’s range so far today 2889.25-2854.50, so don’t blink,
as the moves have been quite sharp in both directions
The 200 DMA @ 2800 was tested on 8/6 and bounced.
Closed above our first bounce level @ 2835.75 (Close above to buy/add)
We will get some backing and filling over the next few DAYS.
Our very ST selling zone @ 2902.50-2932.75 with the 50 DMA @ 2933.50 above.
LT oversold signal has been triggered
IWM
A gap lower on 8/5 that held the 5/31 low @ 145.32
Closed above our first bounce level @ 149.28 as I needed a close above to buy/add
200 DMA @ 151.13, 50 DMA @ 153.18 with our very ST selling zone @ 152.71-154.26
20 DMA @ 154.64
No long term signal here
CRUDE
“A close below 54.55 to make sales.”, and that occurred on 8/6.
.764 level @ 53.04 is being tested today with the 6/5 low @ 50.60 below.
50 DMA @ 56, 20 DMA @ 56.53, 200 DMA @ 56.83 are all above.
No long term signal here
XLF
The 200 DMA @ 26.44 is below and held on recent weakness.
Closed above first bounce level @ 27 to buy/add
We will get some backing and filling over the next few days.
50 DMA @ 27.53 with our very ST selling zone @ 27.59-27.87
20 DMA @ 28.02
No long term signal here
QQQ
On 8/5 the QQQ closed inside our bounce zone @ 182.41-179.30
A close above our first bounce level @ 183.06 to buy/add came on 8/6
Yes, some backing and filling will come
50 DMA @ 186.81
Our very ST selling zone @ 187.37-189.31
LT oversold signal has been triggered
10 year note yields
The July 2016 low @ 1.454 is below
Our first bounce level @ 1.745
I need a close above to look for a very short term move higher in rates.
The 20 DMA @ 1.991 with the falling 50 DMA @ 2.041
LT oversold signal has been triggered (RSI 18)
IBB
Closed above our first bounce level @ 103.67 to buy some.
20 DMA @ 105.50, 50 DMA @ 105.56
Very ST selling zone @ 106.18-107.30
200 DMA @ 106.72
No LT signal at this time
FIBOCRYPTOCALL
XBTUSD (Bitcoin)
Our LT selling zone @ 11323-13256 was tested in July and failed.
Back inside the zone now and would look to make sales.
20 DMA @ 10458 is below
No new LT signal at this time
SPX-cash daily chart
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Thanks Gary, while I find your technical data useful, your writing is always a bit hard to understand. It's like you are writing notes for yourself in shorthand, which makes it harder for everyone else to follow.