Due to a time constraint today’s Mid-Week update is a quick view of the charts on my Twitter feed.

Click here for the complete thread

Andrew Moss, CMT @Andy__Moss

The intraday action doesn't feel great the last two days. But let's take a look at the daily picture for some perspective. $SPX 🟢Inside day 🟢Above 4100 s/r 🟢Above the 8-day EMA Nothing is technically broken. Still normal, healthy consolidation so far.

9:38 PM ∙ Feb 8, 2023

Andrew Moss, CMT @Andy__Moss

$QQQ 🟢Inside day 🟢Above $303 pivot 🟢Above the 8-day EMA Likewise, nothing damaged so far. Simply finding some resistance at 311-312, which is to be expected as there is a pivot high and the ATH anchored VWAP there.

9:38 PM ∙ Feb 8, 2023

Andrew Moss, CMT @Andy__Moss

$IWM keeps the habit of doing a little more, in both directions. 🟡Below the 8-day EMA 🟢Inside day 🟢Still above the 190-191 s/r zone

9:40 PM ∙ Feb 8, 2023

Andrew Moss, CMT @Andy__Moss

$DIA stays mostly centered in the tug-o-war and has ample support below and resistance above.

9:42 PM ∙ Feb 8, 2023

Andrew Moss, CMT @Andy__Moss

$DXY The Dollar is also holding steady, not giving us any clues yet. 🟡Inside day 🟢Still below the declining 50-day MA

9:44 PM ∙ Feb 8, 2023

Have a good evening.

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POSITION DISCLOSURE

February 8, 2023 4:00 PM

Long:  AMZN, LMND, NVDA0217P210, QQQ

Short: 

Options symbols are denoted as follows:

Ticker, Date, Call/Put, Strike Price

Example: VXX1218C30 = VXX 12/18 Call with a $30 strike