sp'60min
Summary
*minor down cycle, should conclude shortly. A red daily close would seem..unlikely.
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Regardless of the close, it has been a strong month for the equity bull maniacs, with most indexes seeing net monthly gains of 4-5%.
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updates into the close..if I am still awake.
2.59pm..so.. sp'1856.....hmm, with the Nasdaq and R2K turning red.
I suppose a few will be getting overly excited about it, but hey..I can only suggest they go look at a monthly chart for a few minutes.
It remains bizarre how many are still trying to trade these tiny retraces...day after day...after day.
3.04pm.. amusing to watch the maniacs on clown finance TV.
They are swinging from hyper-bullish mode to 'omg, what about the Ukraine' in a matter of a few hours.
Clearly, a few of the weaker bulls are bailing ahead of the weekend, but really, this is just the same nonsense we've seen across February.
No doubt though, a lot will be top calling this weekend...but then, they been doing that all month.
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3.10pm... sp'1847..okay...now i'm getting a little surprised. We're a clear 20pts lower in barely two hours.
VIX +5%.... hmmmm
3.15pm... market trying to re-take the 1850s....a little drama to end the week after all.. at least i won't fall asleep !
3.21pm..market is starting to whipsaw and annoy all of the day traders...
Now the micro 5min cycle is offering strong upside into the close, although the 1860s look kinda hard to get..considering the last hour.
*meanwhile..on clown TV, some guest is claiming there is NO evidence Fraking causes enviro' problems.
Is it a full moon yet, or is Jupiter opposite Neptune or something? Things just feel a little twitchy today.
3.25pm... the new QE-pomo schedule.... 2 sig' QEs next week. A mere $34bn of 'Yellen bux' to prop up this charade for another month.
5min cycle
That is a pretty interesting afternoon drop...but still, part of it is probably end month closing trades.
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3.30pm...if we somehow close back in the 1860s..it'd make for one of the most dynamic late day ramps we've seen in a very long time.
*amusing to see half of the financial web light up like a Christmas tree on fire, with an hourly swing of just over 1%...ooer..the drama!
3.32pm...hyper micro ramp....the bear chasers on the downside..getting nuked now! What an end to the month!
sp'1857....wow..just 3pts for a crazy close in the 1860s.
Don't you love volatility? lol
3.35pm.. 5min MACD cycle hasn't even gone + cycle yet..and we're already at 1857...this is crazy!
Whipsaw market turmoil!
3.38pm.. if we can close >1858..it'll make for one hell of a floor-spike on the hourly index cycle.
VIX in danger of turning red again....
3.40pm... VIX is telling the story..with a black-fail candle on the micro 5min cycle
day-trading bears...rough day.....no doubt about that.
3.43pm...clown TV noting 'bad weather for New York' next Monday, and it could be an issue for the market.
Regardless...looks like the bull maniacs recovered the day, with one of the most powerful closing hour recoveries we've seen in a fair few months (at least that I can remember).
3.45pm The hourly 10MA is @ 1860...would be useful to the bulls.. to close above that.
Considering we were 1847 just earlier..that's a pretty strong swing of 0.7%
VIX turning RED !
3.49pm... another little snap lower...but bulls should hold the earlier low.
What a closing hour to end the month! even TSLA went red...ohh the humanity!
3.52pm... chop chop, bulls sure got a little scare...but still look to close with powerful monthly gains.
*VIX will probably turn red in AH... will know by 4.15pm..when the final print appears.
3.56pm.. bulls still fighting for the 1860s.....amazing. BACK at the close !