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Weekend Watering Hole

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99er
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Re: Weekend Watering Hole

Post by 99er »

Last edited by 99er on Sun Jul 24, 2011 7:07 pm, edited 1 time in total.
cougar
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Re: Weekend Watering Hole

Post by cougar »

“Squares à la Gannesque, nouvelle cuisine ” for Sunday Brunch:
Considering the general state of crazy incertitude, we should probably look at some “serious” support levels.
I have:
1 = 1317 to 1313 zone
2 = 1295 zone (which is now only a previous “support projection” and WILL FAIL)
2 = 1283
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SQgif.GIF
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BullBear52x
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Re: Weekend Watering Hole

Post by BullBear52x »

Thank 99er and Cougar, nice charts.

On SPY front, the daily negative D is in the making, need to see new high first though. for patient bears, the pay out is close or risk level is getting lower, bulls tight stop never hurt.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
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Re: Weekend Watering Hole

Post by BullBear52x »

Short term trend is up, BUY the dip is still on. look at RSI, good support there still.
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spy.JPG
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BullBear52x
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Re: Weekend Watering Hole

Post by BullBear52x »

intermediate play, I am looking for a pull back to daily 5dma, 133.2ish, and from there we will see what the market wants to do.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
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Re: Weekend Watering Hole

Post by BullBear52x »

Liquidity watch, DBV, the market is well funded.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
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Re: Weekend Watering Hole

Post by BullBear52x »

Tech is strong so's the financial short term, but risk of negative divergence are high on the horizon. Good luck trading all, and Thanks to Cobra who made all this fun and exciting board.
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spy.JPG
My comments are for entertainment/educational purpose only. NOT a trade advice.
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: Weekend Watering Hole

Post by cougar »

Nice charts, BullBear!
cougar
Posts: 1914
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Re: Weekend Watering Hole

Post by cougar »

The bullish chart of weekly complacency
…which allows, however, a drop to a support at 1268, without much ado…
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SPXwkGIF.GIF
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: Weekend Watering Hole

Post by cougar »

SPX monthly & Lady’s Windermere Fan: already bearish
…where a first drop through the ascending support Fork line (green, now ~1295) can take us fast to 1212, followed by 1145 and 1050...
==========
On this monthly chart, only essential reversal levels, when marked by the Fan, were singled out.
Attachments
SPXmonGIF.GIF
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