FLAT (Patreon)

Well, pretty flat day across the broader market today. Perhaps a small pull back before the next leg up. One thing to be weary of is $VIX at yearly lows supports. Usually, when $VIX is this low, market tends to chop around and/or pull back after today's $SPX highs of 5325 level.

After a 300 point $SPX move over last 2 weeks, it would be nice to seem some consolidation before next leg up.

PART OF ME: Thinks we move back to fill 523 gap.

Still a favorite indicator of mine is 30Min 10/50EMA's. When these averages diverge too much, it's time to step out of the market and wait until 10/50EMA starts to catch up to price and goes flat. For last 3 weeks, every time these averages "Catch up" it has lead to higher highs.

Tomorrow: OPEX (Be careful out there!)