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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: towerdog who wrote (75376)	1/3/2023 11:39:25 AM
From: ItsAllCyclical	3 Recommendations Recommended By ajtj99 Lee Lichterman III towerdog Read Replies (1) \| Respond to of 97958

On the hourly SPX there's a consolidation pattern that's been forming since mid Dec (triangle) or bear flag that targets 3720 by my eyes. Again I think the Dollar move today is huge and telling. Also VIX looks like the potential is there now for a sustained move higher ST/IT probably as well. Haven't broken thru yet, but SPX/longs look to be a borrowed time here. Oil down today is also a tell, but smaller than the Dollar as there's other factors. Biggest move is vs Euro, but Japan hasn't changed anything just raised the range a bit. That currency should be making new yearly lows in Q1/Q2 of this year latest. Expect Euro to go down and retest lows likely, but don't really have any targets, just where I see risk/reward currently and positioning (excess) Markets could still break higher one last visit 3900+ this week or early next, but support starts to snap the move lower could trap a number of people overstaying their welcome. We'll see. Just how I'm playing now, could easily be wrong ST, but I like how this is unfolding so far.