Thread by @PointBlank_Algo

If you haven't read it
From our newsletter:
$DJI
"Last Friday it managed - just like the $DJT and $IWM - to make a solid upward breakout... did so on high volume... close above the 20, 50, 100 and 200DMA.
All indicates that this will most likely be the way forward for the #SPX"

" #DJT made an excellent breakout and closed above 20 and 100DMA. It closed right at its 50DMA. Bullish action from a leading indicator. $DJT will have to surpass the conjunction of 50DMA and 200DMA next week, in order to validate more upward moves"
It did that yesterday

#ES_F

$QQQ

"A follow up rally is expected to allow it to break out of the Noise Box and break above at least the 20DMA.
On Monday it broke above the Noise Box, yesterday above the 20DMA, today above the 50DMA"

#QQQ #NDX #TradingSignals #bearmarket #SPX #ES_F #trading #SPX

$VIX

"VIX continues to be trapped in a strong downtrend"

#VIX $VVIX #VVIX #volatility #TradingSignals #options #bearmarket #SPX #ES_F #Futures #DayTrading

Classic Indicators

"In general, the classic indicators look positive and portend more bullish moves in the coming days"

#SPX $SPX #ES_F #options #TradingSignals #Futures #DayTrading
#technical
#CCI #RSI #ROC #Williams %R #MACD

#MarketBreadth
"SPX stocks above 200DMA Index found support at its 50DMA since December 22nd. With Friday's rally it managed to rise above critical 50% level and above 20DMA. It’s also back above the April 2021 trend line. It supports the idea of the follow up rally this week"

#Gamma $Gamma #GEX $GEX

"4000 which is again the focus of traders' attention.. could become a magnet and end up dragging the SPX to higher ground"

#SPX #ES_F $SPX #options #trading #DayTrading #future $SPY $ES #bearmarket

#Powell

We wrote:

"We believe the market is prepared for this lack of love, and if Powell talks tough the chances are that after a dip the market will recover and go on its way to retest its resistance levels once again"

#inflation #Fed #recession #bearmarket
#options

The targets:

"For all major indexes that means going up and staying above Friday's high. If that is achieved the #DJI should look to reach 34335, #SPX 4000, #QQQ 282, and #IWM 183"

We still need to hit them. We are close though
$IWM is the closest to hit target

#ES_f $SPX

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