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I am seriously going to call it a day, but before I do, I want to point out that, as of this writing (about 7:36 in the evening my time), the ES is right on the cusp of a breakdown. I would love, love, love to see if shatter this trendline by the time I start Thursday’s trading. Do what you can!
Apologies for the late post again today but I have been battling a host of technical issues with Stockcharts, our web hosts at theartofchart.net, and sundry other issues. All sorted out or mostly but all very time consuming.
Not much to say on ES and SPX here. Volatility is definitely back, and they have been consolidating before what should soon be a push down into the obvious target area. Looking at ES that move may well have now started. ES Sep 60min chart:
Well, here’s pretty much what the market feels like to me right now. This post is also a time-saver, since it’s my political update on Hillary Clinton’s health as well.
A different perspective of where things stand (and making clear the importance of ultimately breaking that supporting trendline):
So – – is this how it’s going to be then? Friday, DOWN. Monday, UP. Tuesday, DOWN. Wednesday. UP. If so, I guess it makes our collective jobs easier. Anyway, regarding crude:
