It's been a long day at the office, so this one is going to be brief.
$SPX 15 minute: On this time frame I'm showing again what the bullish case most likely looks like, which is an inverse H&S bottom with wave 2 down coming. If so, that should happen in the very near future.
$SPX Daily: The two most likely structures revolve around wave E. If E is in, price should make the inverse H&S and then take off. If E needs to expand, price should turn down and move lower. A move lower from the neckline on the 15 minute time frame initially satisfies both views below, but the depth will tell us which one!
My Watch List: Too busy today to screen charts, but I doubt I would have anything because the market is stuck in No Man's Land. I probably sound like a broken record.
From My Trading Desk: As expected, we sold BRCM for a gain. We also sold our LUFK for a loss.
I'm still not that excited about trading currently. There's just not enough structure and direction to back up trading. So, it's watch and wait for now.
J.D. Rosendahl, Rosey