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Engulfing action on 5,10, 15, 30 and 60 min chart today and trying to stage a daily. That's a setup to scale up. Expect at least another 10 points higher to 2737.

Perfectly timed macro news at critical support and low of day. 15 min engulfing action spx can't argue with that. March higher back on. These longer term macro issues can eventually break the back of a market trying to recover, see contested 2000 presidential election. Even when they are...

Counter fed driven pa from yesterday and macro induced pa from today. Also this range is within 3/21 fed pa which we need to break to move higher. Hard to handicap this one other then looking for a break of yesterday's afternoon pa. What was an easy march to 2750 is completely muddled. An...

Looks like the push to 2750 is on

Looks like we need the upside break of vix to break the 100 day spx.

No break no trade, should be a strong move down through 100 day spx if we get it later today.

Low risk trade able setup for break of the lows.

Drop to 2700 for op ex looks like a plan

Inflection point in vix is going to be pose a challenge to grind higher.

Or just trading the front month. Lots of opportunity to trade two way in the same instrument using the back months.

What better time for buybacks then Friday lunchtime.

A few eyes watching the tl on spy.

One and two hour pa at inflection point will be difficult to overcome without a much loved pullback if at all.

My spy chart says we just barely traded through. I chart on all, es, spy, spx and look for the lowest common denominator. Most likely with biggest etf of all with $250 billion in assets I have to trust there are a number of eyes on spy.

Add 2707.50 looking to add one more a little higher.

Trend line from Jan highs es, 100 ma on cash, regular trading hours, cash low of 4/18 bar. Lowest common denominator of confluence, still no guarantees for those looking for the holy grail and absolutes.

Short 2699.50

Higher if you are drawing on cash index, regular trading hours. Further subjective if you are following closes or daily highs. The best area of confluence of tl and 100 day ma under various measures falls within spitting distance of April 18 highs. Tough when everyone wants absolutes in a...

Unusual set up for an intraday reversal on the face of strong upside breakout.

About time for coordinated buybacks to keep the breakout alive.