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Looks like 2670 cash SPX is the bullseye

Market still closely following Mar 16-22 (or thereabouts) analog.

Seems NQ shorts were sufficiently squeezed there for about 90 minutes. Once that's finished, market lately just drifts right back down.

Yes, the script for the controlled demolition. Large isolated down days, then chop and churn back up a bit, kill the vol, kill the puts, then when it all looks roses, another plunge. Market basically just covering the ranges of a few days in late Jan-early Feb.

I'm not playing it with futures right here (a few options), but my thoughts are that it would make a short term low on the re-test of 6500 in NQ. I think that NQ is kinda driving the bus right now with all the big tech's reporting soon.

lol, I know what you mean.

Might be voodoo, but I'm on the lookout for an IT low around first week of May. But it definitely could be fugly going into that low.

You think it has enough in the tank to get back to 2650 area?

The thing about these bear phases is that just as soon as you think it's "all clear" the selling begins anew. Just look at last week into that VIX expiration and that 2720 level you mentioned. Market was drifting along, minimal pullbacks VIX back down near 15.00 and Nasdaq back over that 6850...

It sure as heck trades like a bear market.

I think a case can be made for some sort of squeeze just based on some of the big tech stocks reporting in the next few days.

The last hope for longs, at least temporarily, is if this is a repeat of 2/26-3/02 and this is some elaborate trap.

This market really has the feel of a controlled demolition. Snapback rallies, sideways congestions, then another hammer down...And then those overnight rallies you've illustrated for years start the process anew. All of that selling that would hit the tape on the open (in a weak market) can be...

The "correction of the correction"?

massive defense of 2660 again bigger problem is Nasdaq and FAANG's are all breaking down.

It looks quite a bit like 3/16/18 on the hourly chart.

The potential is there with that hold of 2672.75, NQ at 6660 also a ledge type formation, and RTY barely pulled back after a large overnight ramp.

Figured it was the Tony Robbins of trading posting some more vacuous bullshit. Had to take him off ignore first to read it. He never disappoints. 100 words of complete rubbish. Immediately back to ignore.

Markets nowadays move from Point A to Point B in a limited number of WRB's (wide range bars) and then lots of chop and slop, churn and burn illiquid back and forth.