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04/08/2014 Live Update

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Cobra
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Re: 04/08/2014 Live Update

Post by Cobra »

probably selling not over.
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MrMiyagi
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Post by MrMiyagi »

DIA just went red.
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Mr. BachNut
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Re: 04/08/2014 Live Update

Post by Mr. BachNut »

This is just a blow up of my daily to highlight significance of this mornings low.

50 day MA was pierced.
My middle Keltner band (55 day exponential) was pierced.
My red rising trend line from the November 2012 low was pierced.

There is also an observable widening right angle triangle pattern. Upper side connecting recent highs with a rough but flat neckline around the 50 day MA level 1840ish.
I have marked it with a thick red line. This morning would be the third test of this neckline area. So, bulls might have a hard time holding a fourth test.
(It may evolve into a head and shoulders at some point.)

As usual, I have no idea what will happen, but I think if this morning's low were to be broken (especially on a closing basis), the bears may go dancing.

The 50 day MA has held several times, and it may hold again today. Bulls have consistently stepped away from the precipice for long while.
A true break of the 50 day on the other hand would be a clear change in technical character for the market. We shall see.
FOMC minutes are out tomorrow (2PM), by the way, so some dovish fed speak may do some handiwork tomorrow.
Maginot Line.jpg
uempel
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Re: 04/08/2014 Live Update

Post by uempel »

Bear trap?
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fehro
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Re: 04/08/2014 Live Update

Post by fehro »

SPX 5m..triangle .. continuation/ bear flag..
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Screen shot 2014-04-08 at 11.53.24 AM.png
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BullBear52x
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Re: 04/08/2014 Live Update

Post by BullBear52x »

/ES 1841 holds, and now 5 DMA becomes a support. intraday time frame.
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MrMiyagi
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Post by MrMiyagi »

!!!!! POWER HOUR !!!!!
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BullBear52x
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Re: 04/08/2014 Live Update

Post by BullBear52x »

bull flag on the cash.
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ALdaytrade
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Re: 04/08/2014 Live Update

Post by ALdaytrade »

fehro wrote:SPX 5m..triangle .. continuation/ bear flag..
Could this be a very lopsided inverted head and shoulders?
uempel
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Re: 04/08/2014 Live Update

Post by uempel »

UBS published this chart 10 days ago. Shows bullish scenario A) with 1839 as low and B) with 1815-1795.

Looking at this week's market action - so far I've got difficulties to read it as "a low" :roll:
UBS1SPX.png
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BullBear52x
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Re: 04/08/2014 Live Update

Post by BullBear52x »

uempel wrote:UBS published this chart 10 days ago. Shows bullish scenario A) with 1839 as low and B) with 1815-1795.

Looking at this week's market action - so far I've got difficulties to read it as "a low" :roll:
UBS1SPX.png
Per KeiZai, new update today.
My comments are for entertainment/educational purpose only. NOT a trade advice.
uempel
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Joined: Tue Feb 15, 2011 6:38 am

Re: 04/08/2014 Live Update

Post by uempel »

Mr. BachNut wrote:This is just a blow up of my daily to highlight significance of this mornings low.

50 day MA was pierced.
My middle Keltner band (55 day exponential) was pierced.
My red rising trend line from the November 2012 low was pierced.

There is also an observable widening right angle triangle pattern. Upper side connecting recent highs with a rough but flat neckline around the 50 day MA level 1840ish.
I have marked it with a thick red line. This morning would be the third test of this neckline area. So, bulls might have a hard time holding a fourth test.
(It may evolve into a head and shoulders at some point.)

As usual, I have no idea what will happen, but I think if this morning's low were to be broken (especially on a closing basis), the bears may go dancing.

The 50 day MA has held several times, and it may hold again today. Bulls have consistently stepped away from the precipice for long while.
A true break of the 50 day on the other hand would be a clear change in technical character for the market. We shall see.
FOMC minutes are out tomorrow (2PM), by the way, so some dovish fed speak may do some handiwork tomorrow.
Maginot Line.jpg
Putin Man-of-War against dovish Yellen Soft-Speak :shock:
fehro
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Re: 04/08/2014 Live Update

Post by fehro »

ALdaytrade wrote:
fehro wrote:SPX 5m..triangle .. continuation/ bear flag..
Could this be a very lopsided inverted head and shoulders?
don't like it.. sloping necklines on invs H&S work better if they are sloping from left down to right on invs H&S.. and sloping up from left to right on H&S .. if that makes sense.. these slightly higher highs pushes it to more of bearish rising wedge...
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Screen shot 2014-04-08 at 12.09.35 PM.png
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BullBear52x
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Re: 04/08/2014 Live Update

Post by BullBear52x »

Hourly Qs is on the sell, let see if Qs can take the whole market plus high fear.
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ALdaytrade
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Re: 04/08/2014 Live Update

Post by ALdaytrade »

fehro wrote:
ALdaytrade wrote:
fehro wrote:SPX 5m..triangle .. continuation/ bear flag..
Could this be a very lopsided inverted head and shoulders?
don't like it.. sloping necklines on invs H&S work better if they are sloping from left down to right on invs H&S.. and sloping up from left to right on H&S .. if that makes sense.. these slightly higher highs pushes it to more of bearish rising wedge...
I think that there is an inverted head and shoulders on the five minute.
fehro
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Re: 04/08/2014 Live Update

Post by fehro »

SPX 60m
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Cobra
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Re: 04/08/2014 Live Update

Post by Cobra »


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Cobra
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Re: 04/08/2014 Live Update

Post by Cobra »

vol surge, may see pullback here but this rebound shall have legs.
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fehro
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Re: 04/08/2014 Live Update

Post by fehro »

and with my extra thick bear goggles on.. H&S take it with a grain of salt.. but there it is.. 1840 range is key support.
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Screen shot 2014-04-08 at 12.43.16 PM.png
Last edited by fehro on Tue Apr 08, 2014 3:46 pm, edited 2 times in total.
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Cobra
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Re: 04/08/2014 Live Update

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