05/06/2013 Live Update

[Cobra]

false breakout, wait. if bulls can simply consolidate here, it'd be bullish.

[uempel]

bears can try again after the wedge break, maybe?

Wedge break? No, it's ellipse resistance

[frankthetank]

TINA- there is no alternative TOO US STOCKS

[Al_Dente]

I'm not quite sure about your assessment of DAX: seems to me that the break of ellipse resistance looks even better than over at SPX

DAX.png

World, weekly
SPX is the only index to better its 2007 high
DAX is triple topping (I think?)
The rest are pretending to catch up

thanks boss

[BullBear52x]

bears can try again after the wedge break, maybe?

Wedge break? No, it's ellipse resistance

78.png

I don't think intraday bears can afford a good lunch today

[BullBear52x]

DIA is the weakest link, Transport and financial is strongest. SPY need to stay above Friday's closed or bears will try to roam once more today.

[fehro]

messy SPX 5m... a push down to 1610ish, then bounce... would match nicely on the bull flag of the SPX 60m. fwiw.

[Cobra]

possible H1 long. I'm not sure.

[MrMiyagi]

Wake me up at SPX 1700.... It should be a short nap.

[Cobra]

good H1. revisit the high, guess the high won't hold. this is a mad bull market, no need to take a breath.

[Denali92]

FINALLY, the Bloggers have gotten more neutral - I really did find it AMAZING how opex got them so Bearish and even last week heading in to FOMC - when we always rally in to FOMC still had them as Bears. As you can tell by double clicking on the historical chart - the bloggers are normally reasonably in tune with the market, so the extreme bearishness of the previous 2 weeks was quite a surprise....

http://tickersense.typepad.com/ticker_s ... -poll.html

Per my comments last week, the window for the employment turn is from really from last Friday to this Wednesday.... but it should be noted that other than last Thursday, Thursdays have been a key day for many tops in the RUT and MID (slightly less so in the SPX due to the new highs in early April and then the decline.) and we also bottomed on the Thursday of opex week.... so while the moons have not been accurate with tops this year.... Thursday certainly could be the day that we start to roll over....

-D

[uempel]

Not sure if it's up or down at 1:05 p.m. - I'll check Dr. Al's 1 min chart for that

http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=14

[uempel]

FINALLY, the Bloggers have gotten more neutral - I really did find it AMAZING how opex got them so Bearish and even last week heading in to FOMC - when we always rally in to FOMC still had them as Bears. As you can tell by double clicking on the historical chart - the bloggers are normally reasonably in tune with the market, so the extreme bearishness of the previous 2 weeks was quite a surprise....

http://tickersense.typepad.com/ticker_s ... -poll.html

Per my comments last week, the window for the employment turn is from really from last Friday to this Wednesday.... but it should be noted that other than last Thursday, Thursdays have been a key day for many tops in the RUT and MID (slightly less so in the SPX due to the new highs in early April and then the decline.) and we also bottomed on the Thursday of opex week.... so while the moons have not been accurate with tops this year.... Thursday certainly could be the day that we start to roll over....

-D

Denali, my ellipses point to Friday, so we are in tune

[BullBear52x]

so far today two squeeze attempt but no new high.

[Cobra]

no breakout, but if bears cannot breakdown the green line below it's even more bullish.

[BullBear52x]

Hourly on /ES about to turn negative.

[L_T]

no breakout, but if bears cannot breakdown the green line below it's even more bullish.

If you look real close you can see the market taking off as well......

[Cobra]

lunch time, will be back. as long as the green line hold, the pattern is bullish. even green line broken it's not bearish just not as bullish as if the green line could hold.

[BullBear52x]

I am buying FAZ intraday 36.47, the divergence were so great on all short term time frame.

[BullBear52x]

TZA buy limit order at 34.93