Sunday 12/21 Sunday TA session 9:00am to 11:00am Pacific Day Time Paltalk Room: QQQInvestment 
12/17 Summary
(1) SPX tested both support 900 and resistance 920 and closed right above 50ma
(2) OIL Future CLF9 (Jan contract, expires 12/19) took another 10% down from early high of 44's to 40's. CLG9 (Feb contract) is traded near 45. Why is that? It is obvious, less and less people want phsical deliver of OIL.
(3) Last 30 minutes drop from peak to bottom put SPX at the edge again. Still from TA point of view, lost 900 means a correction towards 880. Holds 900 above, gives chance for next stair case move.
Chart glance for indices, USO, $VIX, $CPC, $BKX, UUP First time pass 50ma Dynamic chart, for this mkt to keep moving up, 50ma needs to stand still for both DOW and SPX.
Dynamic chart SKF Daily The best wish to get SKF, if XLF Daily can go 12.6
Dynamic chart SRS Daily The best wish to get SRS, if XHB Daily can go 13.5
(12/16 night comments) Based on these, SRS should not be filled yet and we are in SKF now. no matter what price you get, watch SPX 900-902 tomorrow, If the retest holds, exit SKF, there will be better chance later. IF SPX losses 900 on the pull back, hold SKF. A loss of 900 can lead a pull back down to 860-880 area.
(12/17 night comments) Based on Predefined plan, when XHB went above 13.50, we are in SRS (53-54), The plan is simple, as long as SRS $52 holds, hold SRS for 2-5 days, for possible target at 50% declice Fib ($78 area) There is the SRS 5min chart, intra-day positive Divergence.
Dynamic chart SPX Daily keep in mind those stair case lines, 20ma, 50ma, 50ema, and the Trend Line.
Dynamic chart 15 min SPX Dynamic 60 min SPY A pull back is needed to correct over bought and negative divergence.
(1) SPX tested both support 900 and resistance 920 and closed right above 50ma
(2) OIL Future CLF9 (Jan contract, expires 12/19) took another 10% down from early high of 44's to 40's. CLG9 (Feb contract) is traded near 45. Why is that? It is obvious, less and less people want phsical deliver of OIL.
(3) Last 30 minutes drop from peak to bottom put SPX at the edge again. Still from TA point of view, lost 900 means a correction towards 880. Holds 900 above, gives chance for next stair case move.
Chart glance for indices, USO, $VIX, $CPC, $BKX, UUP First time pass 50ma Dynamic chart, for this mkt to keep moving up, 50ma needs to stand still for both DOW and SPX.
Dynamic chart SKF Daily The best wish to get SKF, if XLF Daily can go 12.6
Dynamic chart SRS Daily The best wish to get SRS, if XHB Daily can go 13.5
(12/16 night comments) Based on these, SRS should not be filled yet and we are in SKF now. no matter what price you get, watch SPX 900-902 tomorrow, If the retest holds, exit SKF, there will be better chance later. IF SPX losses 900 on the pull back, hold SKF. A loss of 900 can lead a pull back down to 860-880 area.
(12/17 night comments) Based on Predefined plan, when XHB went above 13.50, we are in SRS (53-54), The plan is simple, as long as SRS $52 holds, hold SRS for 2-5 days, for possible target at 50% declice Fib ($78 area) There is the SRS 5min chart, intra-day positive Divergence.
Dynamic chart SPX Daily keep in mind those stair case lines, 20ma, 50ma, 50ema, and the Trend Line.
Dynamic chart 15 min SPX Dynamic 60 min SPY A pull back is needed to correct over bought and negative divergence.
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