07/06/2011 Intraday Watering

[BlackThought]

I see small H&S top here, if the neckline broken, then tinted area would be the target.

and if it bounces off the 133.40 area, it'll form an inverted head&shoulder. 5th times a charm?

[Cobra]

OR high as support, I'm a little disappointed in bulls now, although the chart is not bearish. just seems a easy breakout, even cannot make it, unbelievable...

[99er]

ES
1320.
http://99ercharts.blogspot.com/2011/07/es_6493.html

10:20pm Central Update
http://99ercharts.blogspot.com/2011/07/es_3258.html

[Cobra]

the bigger picture still looks good, a breakout on the upside is more likely.

[Cobra]

trend line resistance, but I see overlap again, so don't think the pullback we just had a bear's attack.

[StrikePrice]

the bigger picture still looks good, a breakout on the upside is more likely.

Yes, we made a lower low and a higher high than yesterday, so an Outside Bar which I consider to be a bit Bullish.

[99er]

EURUSD
1.38.
http://99ercharts.blogspot.com/2011/07/eurusd_4245.html

5:33pm Central Update
http://99ercharts.blogspot.com/2011/07/eurusd_2308.html

[Cobra]

good, very good, i don't think bears could hold the 5th breakout attempt. let's see.

[99er]

Bears holding...
SPX http://99ercharts.blogspot.com/2011/07/spx_9052.html
Topping tail.

[Anaconda]

Howdy folks, just getting back. Interesting action, today, I see. Looks like a classic set-up here...for a hangin' (you can see I'm itching for one; look at the trend + doji + ___. If we end at or near the high, today, bears could have lots of fun, tomorrow).

[cheech]

Let's see if the RSI head & shoulders target of 35 on an hourly basis has any merit. I've tried technical patterns on indicators before and actually they do work sometimes surprisingly!

[The Hook]

Anything is possible, but a breakout north here is highly unlikely because everyone is ignoring the flagrant selloffs in the most sensitive overseas equities and reverting to BTFD mode.

[MajorEasy]

60 minute chart looks bearish to me.
but your guess is as always as good as mine.

[ocassional observer]

L1 or L2 short, doesn't look good for bulls, really strange, cannot even make a breakout on the 4th try, that's unbelievable.

Ahh, you're about to join the bearish camp! This is the most convincing bearish chart. But Cobra, the bullish percentages ain't bearish, they are heading up, up and away and there is absolutly no indication of a reversal. A reversal must be initiated by some kind of incident in Europe or elsewhere.

SPX12.png

you're wrong. this is the MOST convincing bearish chart:
http://blog.kimblechartingsolutions.com ... kjuly7.gif

[Cobra]

I believe I see 3 push down already, but no follow through on that bull bar, so the next bar would be the key, let's see.

[KENA]

Bears holding...
SPX http://99ercharts.blogspot.com/2011/07/spx_9052.html
Topping tail.

I will buy that.

[Cobra]

my guess is this is a H1 long. let's see...

[99er]

KENA:

No one should make a move without first hearing from cougar's expresso machine.

[KENA]

L1 or L2 short, doesn't look good for bulls, really strange, cannot even make a breakout on the 4th try, that's unbelievable.

Ahh, you're about to join the bearish camp! This is the most convincing bearish chart. But Cobra, the bullish percentages ain't bearish, they are heading up, up and away and there is absolutly no indication of a reversal. A reversal must be initiated by some kind of incident in Europe or elsewhere.

SPX12.png

you're wrong. this is the MOST convincing bearish chart:
http://blog.kimblechartingsolutions.com ... kjuly7.gif

Interesting charts..With the NYSEBP about to turn bullish we will have to wait and see.If they do turn bullish it would mean an up trend for a few weeks.

[The Hook]

Check out the insane topping dailies on THD.