A close-up of last week's chart:

Daily and weekly SPX:

Are negative divergences finally taking their toll ?




Is the Gann Sq. that perfect, or is it just a coincidence?



Is TNX defying gravity ?

A few charts to help with SPX trend identification:



EW daily and weekly wave and cycle count:

SPX daily:




and weekly:

End result:

Prop intraday pivots:

Once again, the e-mini bounces between pivots:

E-mini intraday pivots:

The end of day result:

Daily pivots:

The awesome power of pivots, despite all the noise of a FOMC day:

Intraday pivots:

And this is the end result for Monday:



The proprietary pivots/support/resistance levels for Tuesday will be posted shortly after the open.

The trigger line provides the link between intraday and swing trading.

In February, the focus was on intraday cit's. This week it will be on intraday pivots, support/resistance levels:

Mkt. internals momentum usually leads swing waves by several days:



SPX daily & weekly

Interesting divergence between the broader and narrower perspective:

SPX resting on top of the trigger line:

The short-term score:

This is where we stand in terms of Hurst Channels at the beginning of the week:

SPX daily & weekly: