sp'60min
Summary
So.. we're set for opening gains, although nothing too significant.
However, I strongly expect the gains to reverse.. and fail today. After last weeks hyper gains, a retrace to the 2020s still looks HIGHLY probable before the bull maniacs have a chance at new highs.
Traders should be mindful of an opening reversal. Eyes sharp for any black-fail candles on the index 15/60min cycle charts.
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Update from Carboni
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*in far more important news though... Sony have decided to share the Spiderman to Disney... .so the Avengers will have another important Allie for the battle about against the mad titan Thanos.
Yes... now THAT is indeed the biggest news of the year so far ;)
Bullish DIS
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Notable early weakness .. oil/gas drillers, RIG/SDRL both lower by around -3.5%
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*I'm still struggling... so... updates still somewhat sporadic. In any case.... have a good Tuesday.
9.36am... opening black-fail on the R2K.... bulls... beware!
9.43am.. opening reversal in the VIX.... confirming the R2K
9.46am... the reversal candles are holding... its pretty important..... would be pretty amusing to see a complete fail of this opening nonsense.