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In the insanity of the never ending bullish excess energy bounce BS of the last 7 months - we are finally seeing the first local confirmed lows on #fGSI which suggests follow on downside is likely esp if s bearish excess energy bounce develops which would be normal
we have barely seen any significant confirmed lows over the last years and this is a notable development and change
$spy $es_f $ndx $indu

Bearish excess energy with extreme optimism developing on #fGSI should see markets get slammed either overnight or after a bit more work tomorrow AM
$ES_F $SPX $SPY $XSP $INDU $NDX

$ES_F $SPX looking very bear flaggy intraday - not looking like it has the energy for the maginot line test and #fGSI may only see the 50 test which is getting close to now

Would expect #fGSI to test high optimism and a maginot line test also for $ES_F the macro maginot line as usual held as support for now though I expect that to break

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The maginot line has been doing its job and then #fGSI got very extreme optimism overnight $ES_F $SPX $SPY $XSP

Pretty close tho done with #fGSI extreme optimism so I took some puts for tomorrow at the money on $XSP

HERE WE GO
THE RED CAPITULATION BARS NOW FOLLOWED BY UNCONFIRMED HIGHS ON #FGSI FOR A BEAR EXPANDED FLAT ON $ES_F
$SPX $SPY

#fGSI bearish excess energy seeks lower on $es_f
$spx $spy

Bearish running correction setting up on $ES_F if this holds up then a waterfall is dead ahead
In addition BEARISH EXCESS ENERGY ON this bounce on #fGSI (not shown) and other emotional problems/pressures for buyers
$SPX $SPY $ES_F


Each of these #fGSI tests of 65 to 72 emotional/optimism levels with lower prices is powerful bearish excess energy and markets on yesterday’s bounce were 30 points of bearish excess energy and now overnight even more points of bearish excess energy - which points to lows developing below yesterdays 4440’s test on $ES_F
$SPX $SPY

Still lower highs only with very high emotion/optimism on #fGSI and test of maginot line which should see selling into close - so no changes to chart posted earlier
$SPX $SPY $ES_F

Bearish excess energy on. #fGSI overnight should lead to a new low this morning but I still think a grind/squeeze into the $AAPL number probably leads to a consolidation before 4510 breaks down and leads to 4450 $ES_F
$SPX $SPY

Extreme pessimism this morning on #fGSI should see a bounce that failed into supply and rolls imo
$SPX $SPY $ES_F

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