J LONDON
170 posts



$SPY – Tough to trust longs in the chop when TICK/Q is all sub 0 line. Also Utes are the leading sector... and /CL has a bid... No thanks. I'd prefer a move into the gap below. Great strength in the leaders list from last nights mid week review. Not horrible beneath the hood, but dont want to be chopped at the index level.





$SPY – Opening internals for reference.




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Nasdaq Two possible scenarios I've identified: 1. A larger broadening formation is unfolding, and we're about to start the fifth and final wave within this pattern. 2. A slanting head and shoulders formation developing. No third scenario exists. Whichever formation is in play will take months to complete. I'll pin this post for future updates. God bless and godspeed.




