10/12/2013 Weekend Update

[uempel]

http://www.zerohedge.com/news/2013-10-1 ... -drop-open. Good TA talk if the Gloom can be ignored.

Pretty good prediction, Dec futures opened around 1686...

Down at 1682 now (06.55 p.m. EDT)

[skittlesmds]

I was glad that I was short at the close on Friday. I was sweating bullets after that big squeeze near the close and after-hours Friday. I closed my ES short too soon today but still made a nice profit.

[uempel]

http://www.zerohedge.com/news/2013-10-1 ... -drop-open. Good TA talk if the Gloom can be ignored.

Pretty good prediction, Dec futures opened around 1686...

Down at 1682 now (06.55 p.m. EDT)

[uempel]

Sunday 8:42 p.m. S&P future at 1686.50 (the low was 1681, which corresponds roughly with an SPX 1684)

[Cobra]

Futures down huge but not damage enough, plus futures rarely has unfilled gap, so still hard to say bear.

[Cobra]

thats a huge gap down................this bear got legs?

Too early to say. This bull still looks like having legs.

[xfradnex]

http://www.zerohedge.com/news/2013-10-1 ... -drop-open. Good TA talk if the Gloom can be ignored.

Pretty good prediction, Dec futures opened around 1686...

Down at 1682 now (06.55 p.m. EDT)

The attachment 33.png is no longer available

Check this thing out. We should follow JPN/EUR.

Long term- It looks like something you can work to your advantage. They like to come back to each other.

[TWT]

$YG_F: Is it forming a bullish falling wedge ?

[Cobra]

possible Ascending Triangle, so the rebound may still alive.

[TWT]

ES_F (Globex) Today´s gap down should result in a 3-wave down leg

[DellGriffith]

I often fear and hate real world fundamentals. They just blow up all technical work. This October 17th deadline makes me want to just sell everything and wait it out. The futures are down strong, so maybe I'm not the only one thinking like this?

[TWT]

$EURUSD: This bounce should be the wave (B) of a ZZ down

[TWT]

$XLB: Watching if price forms the right shoulder

[uempel]

SPX long term 60min shows the importance of today's/tomorrow's market action:

Daily SPX: MAs/BBs and blue channel suggest a bounce at 1685 (MA 9) or 1670 (lower BB13/1 band):

Channels on SPX 10min suggest a bounce at either 1685 or 1670:

[xfradnex]

SPX long term 60min shows the importance of today's/tomorrow's market action:

103.png

Daily SPX: MAs/BBs and blue channel suggest a bounce at 1685 (MA 9) or 1670 (lower BB13/1 band):

104b.png

Channels on SPX 10min suggest a bounce at either 1685 or 1670:

105b.png

ES is doing well considering that we are only down 12 points only 3 days away from default. There have been much larger down market reactions to default deadlines. This would have been one of the most positive days of trading of the year based upon my stats (without the default). I guess the big bullet would be a S&P ratings down grade the US credit rating, but probably not; see http://www.fxstreet.com/analysis/indice ... /10/14/03/ (ignor pop up).