06/17/2013 Live Update

Post by **Cobra** » Mon Jun 17, 2013 12:55 pm

ALdaytrade wrote:
Cobra wrote:hey, wrong breakout direction. good bull bar, but need follow through, let's see.
Is this completing the head and shoulder?

maybe. wait.

Post by **Cobra** » Mon Jun 17, 2013 12:57 pm

possible H&S top, need breakdown to confirm.

MrMiyagi · Post by **MrMiyagi** » Mon Jun 17, 2013 1:00 pm

Al_Dente · Post by **Al_Dente** » Mon Jun 17, 2013 1:01 pm

5 min internals

MrMiyagi · Post by **MrMiyagi** » Mon Jun 17, 2013 1:01 pm

Post by **Cobra** » Mon Jun 17, 2013 1:09 pm

lunch time, will be back. H&S top or not, bears need prove otherwise the chart is not bad because the selling is too slow.

Al_Dente · Post by **Al_Dente** » Mon Jun 17, 2013 1:14 pm

So NYMO printed a higher low, positive divergence, which is always bullish
It’s just that I would prefer if the low and the higher low were a bit further apart
Yeah, nothing is perfect (except Snake)
This NYMO is EOD end-of-day Friday close

kenttown · Post by **kenttown** » Mon Jun 17, 2013 1:33 pm

VIX

Sitting right on 10 ma and TL

kenttown · Post by **kenttown** » Mon Jun 17, 2013 1:35 pm

XIV

Next resistence if VIX breaks TL

Post by **Cobra** » Mon Jun 17, 2013 1:54 pm

OK, no breakdown then it's bulls' time, however it's the 2nd test of the day high now, so bulls cannot afford to lose either. wait.

ALdaytrade · Post by **ALdaytrade** » Mon Jun 17, 2013 1:56 pm

Cobra wrote:OK, no breakdown then it's bulls' time, however it's the 2nd test of the day high now, so bulls cannot afford to lose either. wait.

Double top? Or maybe we should just term this pattern, "scrambled eggs."

Post by **Cobra** » Mon Jun 17, 2013 1:56 pm

support. wait.

MrMiyagi · Post by **MrMiyagi** » Mon Jun 17, 2013 2:07 pm

Oil opinions anyone? Keep going or reverse?

MrMiyagi · Post by **MrMiyagi** » Mon Jun 17, 2013 2:10 pm

Whoopsie daisy... what's going on with a big red bar on SPX?

KENA · Post by **KENA** » Mon Jun 17, 2013 2:16 pm

MrMiyagi wrote:Whoopsie daisy... what's going on with a big red bar on SPX?

Hi Miyagi..I noticed you did not have the P Bar dn to 164.65 this morning.That may be what happened..My next P bar is 164.33 then 163.22/17

ALdaytrade · Post by **ALdaytrade** » Mon Jun 17, 2013 2:16 pm

MrMiyagi wrote:Whoopsie daisy... what's going on with a big red bar on SPX?

Classic Adam and Eve Double Top, usually seen on the 5 minute chart...

Al_Dente · Post by **Al_Dente** » Mon Jun 17, 2013 2:18 pm

something radical happened to bonds [?]

ALdaytrade · Post by **ALdaytrade** » Mon Jun 17, 2013 2:18 pm

Mr. Miyagi,
Another Pbar 163.22 at 2:15 pm

KaZoom · Post by **KaZoom** » Mon Jun 17, 2013 2:18 pm

NATGAS backtested the 3 year downtrend line and gets support from short-term uptrend line (LOG scale):

http://stockcharts.com/h-sc/ui?s=$NATGA ... &cmd=print

fehro · Post by **fehro** » Mon Jun 17, 2013 2:19 pm

Al_Dente wrote:something radical happened to bonds [?]

FT discusses that Bernanke may signal tapering at press conference on Wed

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06/17/2013 Live Update

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$NATGAS chart

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