Wallstreetrader
Posts: 975 Joined: Thu Mar 17, 2011 12:00 pm
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by Wallstreetrader » Mon May 09, 2016 10:47 am
@Usually fights like these Bulls
*Cash as an IH&S 2076 is the target
*2º IH&S 2095 this is all projection/probability's
Last edited by
Wallstreetrader on Mon May 09, 2016 11:30 am, edited 2 times in total.
Trades with cats
Posts: 8656 Joined: Sat Oct 11, 2014 4:40 pm
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by Trades with cats » Mon May 09, 2016 10:51 am
Oil News-
Genscape reported a build of 1.44 million at Cushing, algos reacted. Oil trader chatter is that Alberta off line could cause upper midwest refineries to start pulling crude from Cushing causing higher than expected drawdowns this spring.
Biggest news the Gartman Letter today said long oil short SPX so we will challenge the highs going into opex.
BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Mon May 09, 2016 10:56 am
sell @53.5
My comments are for entertainment/educational purpose only. NOT a trade advice.
fehro
Posts: 22880 Joined: Fri Sep 02, 2011 2:06 pm
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by fehro » Mon May 09, 2016 10:57 am
TRIN still hot.. 1.90 … SPX trying hard to hold this area.. VIX still green stubbornly…. still holding support
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fehro
Posts: 22880 Joined: Fri Sep 02, 2011 2:06 pm
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by fehro » Mon May 09, 2016 11:00 am
seems if SPX is going to move up.. it'll have to do it without oil's support W/D/4hr… sitting on 2 week support // near the 20d SMA
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Out of Bounds
Posts: 5623 Joined: Wed Feb 23, 2011 10:11 am
Location: Miami
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by Out of Bounds » Mon May 09, 2016 11:02 am
Covered 52.75 - Bear can't get any steam going.
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Trades with cats
Posts: 8656 Joined: Sat Oct 11, 2014 4:40 pm
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by Trades with cats » Mon May 09, 2016 11:02 am
Oil Follow on from John Kemp at Reuters- Hedge funds taking oil profits for second week according to COT report. Same thing in Brent.
Wallstreetrader
Posts: 975 Joined: Thu Mar 17, 2011 12:00 pm
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by Wallstreetrader » Mon May 09, 2016 11:03 am
@Shorts carefull neckline tested and now move up should move strong !
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Inverted H&S Target 2076
BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Mon May 09, 2016 11:07 am
bull trap
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Mon May 09, 2016 11:10 am
bears need to see new LOD from here.
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Mon May 09, 2016 11:13 am
out @50.25 and wait for new sell.
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Mon May 09, 2016 11:16 am
Trades with cats wrote: ES Tap dancing on the overnight double lows.
yep, that's why I am out first and will see how things go.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Out of Bounds
Posts: 5623 Joined: Wed Feb 23, 2011 10:11 am
Location: Miami
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by Out of Bounds » Mon May 09, 2016 11:17 am
Well, I didn't wait long enough.
Looked like the bulls were about to step in though. Better a small profit than a small loss any day.
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BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Mon May 09, 2016 11:21 am
Out of Bounds wrote: Well, I didn't wait long enough.
Looked like the bulls were about to step in though. Better a small profit than a small loss any day.
it never hurt taking profit. Green is green.
My comments are for entertainment/educational purpose only. NOT a trade advice.
fehro
Posts: 22880 Joined: Fri Sep 02, 2011 2:06 pm
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by fehro » Mon May 09, 2016 11:22 am
SPX - VIX lags no new HOD as SPX new LOD..
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BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Mon May 09, 2016 11:27 am
Sell @50.50, one more push down at least me thinks.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Out of Bounds
Posts: 5623 Joined: Wed Feb 23, 2011 10:11 am
Location: Miami
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by Out of Bounds » Mon May 09, 2016 11:28 am
BullBear52x wrote: Sell @50.50, one more push down at least me thinks.
Same here 50.25
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BullBear52x
Posts: 29574 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Mon May 09, 2016 11:41 am
bulls best bet is right shoulder atm.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Mon May 09, 2016 11:41 am
SPY to 199.24 ish would be the 38.2% Fibonacci retracement; and would be considered a “standard” minimum pullback.
That would also be ROUGHLY the level that tests the 200ma
Shy of that would be surprisingly bullish; worse than that and we’ll head for the 50% retrace.
DAILY not intrday
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.