Friday's OpEx

After close analysis:

Got really bored and decided to trade. Took a couple of nice ones: tri bo (tribal... sounds like trading in reservations...hehe) and 6bo hitting auto... Today was OpEx, Friday, long weekend ahead, yada yada.... Most important thing is multi-day H&S broke to the downside with a retracement to neckline in afternoon. Not too many clues for next week cuz of opex but the H&S is the play for now. Either retracement to neckline or the triangles play out to the downside especially that everything is below ema.

Thought(s) of the day: Monday off (horray!)......

Market breadth had some interesting action today. Add and Addq opened higher than yesterday's range but had a tri breakdown in the morning and found support (as rosita mentioned an RR implying reversal/support) and had a mild rebound (saw that pattern before). That happened while Vold was in a very tight range for the day (prolly opex related).

Futures were mixed (grill). AB had a nice tri bo late morning after hitting emas (resistance) followed by 6bo. NQ and ES spent day forming triangles with apex acting as resistance. All were below emas. ES200R chart remains bearish w/ema as resistance.

Indices were in tight range all day. Sox & Smh after breaking H&S neckline formed a triangle all day. There might be a retracement to neckline on Tues. so apex should be watched closely. Dow Bones (hehe) fared much better and broke out of its tri and is around its ema @10780 area.

Overall positive day!