Market analysis

Thought I'd share my daily market fixes. Futures have me worried right now, starting to confirm that we may have hit our heads on the fifty percent retracemnet. I saw them as they got murdered this morning, I think it was in part due to Sony's news, but they were inline with estimates, so I think they'll bounce back.
 
I'm really interested in this bounce off the fifty percent pullback from our recent rally in resistance. Hey say that sentence five times fast. 840s were bought fairly aggressivly post market. I'm turning bullish short term.
 
Well, the 834 area was broken during market hours yesterday,and currently is being tested as support pre market. I'm really watching this line.
 
The 834 got a tremendous amount of play but ultimately failed. We smacked our heads directly on the 850 uppertrendline of the symmetrical triangle we've been in and sold off hard. We formed a shooting star, and are currently acting like we're ready to go and test support levels.
 
Well, the upper trendline of the symmetrical triangle held, I think the next moves are up to the jobs numbers. Over 850 I'll turn bullish, close around 825ish I'll turn bearish.
 
Well, I'm surprised again, wow! I guess slightly worse than expected jobs numbers were already priced in. The rally seemes to have been backed by market internals.
 
Well, we are hitting on a longer time frame 50% retracement currently. This would be a good place to watch for a reversal, but I'm all bullish at this point. I'll be watching teh futures Sunday Evening very closely.
 
I'm watching the 50 MAs on Monday:
 

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As expected, markets took a dive, but directly onto support, and a small pop in the VIX. I'm looking for a possible pop tomorrow!
 
And last night we had a big hammer with the VIX continuing to bleed. Starting to look more and more bullish. The support is holding. I often find that after a fake out break out like we had last night that markets tend to break out for real in the other direction, or they stop halfway to their mark, turn back around again, and take out the same direction. We'll see.
 
Well, looking a bit ominous now, with a close below the lower trendline we've been in. Maybe that was just a I don't want to hold over the weekend sell off?
 
What an exciting Friday. We tried to hit the November lows, before some aggressive buyers stepped in. I'm still bearish though. If you look at a thirty minue, then you'll see range extension to the downside, failed range extension to the upside and a selling extreme, one that's initiating, and a failure to close above the support of 775, plus a failure to even challenge the low value area.
I'll be watching the futures closely Sunday Evening, but as for now I'm a bear.
 
I'm still a bear now that we've crunced below the low value area. VIX continue to rise right out of the gate, and market hour charts are showing a major doulbe top.
 
I'm watching the bear pennant we're in on the ES. 748 is the bottom of that pennant and I imagine will act as support.
 
We are testing new lows on the ES S&P 500. With no support. There is selling inventory at 710's. I'll be shorting when we test those levels.
 
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