04/24/2013 Live Update

[Unique]

viewtopic.php?f=2&t=898&p=127998#p127998

viewtopic.php?f=2&t=898&p=128022#p128022

Easy ride for bulls from yesterday, today isn't an "easy" day though, going to be a "tricky" range day. Not much edge today.

Bulls still not able to take 78.6% so bears still have hope, ES has reached the target resistance. Looks like a boring shake day, come back at 2pm for possible fun movements

[Cobra]

well, looks like the morning dip was once again bought. tinted area the target. stockcharts very slow this morning, difficult to comment on the chart.

[wayne0708]

Intermediate term bulls are looking pretty good with strong gap support and trendline

[wayne0708]

Close-up view-
'til trendline and gap support are breached, this bull should be ok.

[ClarkW]

Close-up view-
'til trendline and gap support are breached, this bull should be ok.

Nice clean charts Wayne. Thanks for sharing

[wayne0708]

For now bears should hope for double top

[SigmaEcho]

well, looks like the morning dip was once again bought. tinted area the target. stockcharts very slow this morning, difficult to comment on the chart.

DAX almost 4.5% up in just two days

[fehro]

SPX 15m, waiting for a neckline break?.. was that a right shoulder yesterday?

[kenttown]

well, looks like the morning dip was once again bought. tinted area the target. stockcharts very slow this morning, difficult to comment on the chart.

DAX almost 4.5% up in just two days

On 25bp rate cut hope

[EvilTrader]

Durable goods misses big down 5.7% orders down 1.4% estimates were at 2.8% and .5% respectively. Boeing beats. P&J mixed shares down in PM. AAPL, well we know, fizzled.

Would that mean more QE ??

Bullish !

[Out of Bounds]

For now bears should hope for double top

I am buying the break above.

[kenttown]

SPX 15m, waiting for a neckline break?.. was that a right shoulder yesterday?

According to NYMO answer is probably no. It's about to pierce upper BB.

[L_T]

If this is a true range day time to sell the rip right?

[wayne0708]

Close-up view-
'til trendline and gap support are breached, this bull should be ok.

Nice clean charts Wayne. Thanks for sharing

Any time Clark and i like your charts as well.

[L_T]

If this is a true range day time to sell the rip right?

It's working so far (intraday scalp only).

[Cobra]

possible double top. I'm neutral here. now we have both bull and bear target.

[wayne0708]

Textbook target if pattern plays out

[fehro]

some more lines/channels.. lower targets if we make a proper right shoulder...

[ClarkW]

PURE SPECULATION, NOT A RECOMMENDATION:

XLB hourly. This move looks very similar to the last move up which peaked just short of 78.6% fib level and provided a lower high. We are just under 78.6% of the fib level.....could it provide another lower high?

Again, pure speculation

[frankthetank]

Couple bearish indicators. Money managers are overly bullish so less chance of breakout.
http://online.barrons.com/article/SB500 ... rticle%3D1

SPY potential left shoulder developing on SPY chart