08/07/2014 Live Update

[Out of Bounds]

Thanks, OOB.

You're welcome, but I really gave you nothing. There are others here who use the VIX extensively and successfully. Maybe they would like to chime in.

[MrMiyagi]

spy

[Mr. BachNut]

Something to watch.
R2K may be making a bit of a rounded bottom.
While SPX made new lows in today's downdraft, R2K held up pretty well.
If resistance at 1130 were to get broken, it may get bought.

Still early but intriguing. Could easily morph into something else.

[Out of Bounds]

A/D 157
S&P A/D -121

/NQ is leading up
Dow leading down

[fehro]

SPX 15m... ABCDE "5th wave".. so once we hit green... one more trip lower?...

[fehro]

Something to watch.
R2K may be making a bit of a rounded bottom.
While SPX made new lows in today's downdraft, R2K held up pretty well.
If resistance at 1130 were to get broken, it may get bought.

Still early but intriguing. Could easily morph into something else.

The attachment R2K Rounded Bottom.jpg is no longer available

Rounded bottom?... or bear flag?

[grandeG]

SPX 15m... ABCDE "5th wave".. so once we hit green... one more trip lower?...

Makes sense. Also fills the May gap at 190.5ish.

[MrMiyagi]

Really SPY? Is that it? You're going to stop at the first pBar hit?

Big baby.....

[Daniel]

IWM 200day MA and 20day MA will meet ca 113--13.50 in the next couple days, this might be a logical point to take up a short position on the smallcaps, should price test that level.

[Cobra]

I'm neutral here, need see more bars.

[Mr. BachNut]

Something to watch.
R2K may be making a bit of a rounded bottom.
While SPX made new lows in today's downdraft, R2K held up pretty well.
If resistance at 1130 were to get broken, it may get bought.

Still early but intriguing. Could easily morph into something else.

R2K Rounded Bottom.jpg

Rounded bottom?... or bear flag?

Perhaps both?
Target would be about 1155.

[Mark]

iwm had a p-bar this morning at 111.77. I set a sell order at 111.75. I missed it. It only went up to 111.71, and then went down. It seems that p-bar stopped working for a week. holy gorilla

[Daniel]

Bulls are watching carefully to see if the dow transports can hold the 8000 level. Today's low was ca 7992.

[MrMiyagi]

VIX slowly creeping back up from 16.3, now 16.48

My guess is we'll see lower low in SPX

[fehro]

Something to watch.
R2K may be making a bit of a rounded bottom.
While SPX made new lows in today's downdraft, R2K held up pretty well.
If resistance at 1130 were to get broken, it may get bought.

Still early but intriguing. Could easily morph into something else.

R2K Rounded Bottom.jpg

Rounded bottom?... or bear flag?

Perhaps both?
Target would be about 1155.

LOL!.. yes very possible

[fehro]

VIX slowly creeping back up from 16.3, now 16.48

My guess is we'll see lower low in SPX

minor divergence?... SPX made lower lows.. yet VIX did not make higher highs... more upside first?

[MrMiyagi]

minor divergence?... SPX made lower lows.. yet VIX did not make higher highs... more upside first?

Not necessarily, the relation between the two is not move-countermove.
VIX is based on the price of SPY puts vs calls, so when it goes up, the puts are carrying more premium.

[MrMiyagi]

!!!!! POWER HOUR !!!!!

[MrMiyagi]

pup

[gappy]

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