06/06/2013 Live Update

[MrMiyagi]

Below 899 isn't good means above wave count not valid, I'll be buying kidneys.

I think the kidneys are good for now..

[BullBear52x]

Hourly MACD 12,26,9 of R2K turned to positive. Currently reading 0.072.Let's hope it goes higher.

Bottom is possible, intraday is moving into buy the dip zone on SPY also.

If we finish 5 waves from here (1013 to1044-1075), then we are done with major 3 of primary 3 starting in June 2012. Then we should get ready for Major 4 of primary 3. R2K gets very tricky during reconstitution.

Below 899 isn't good means above wave count not valid, I'll be buying kidneys.

/ES sell follow trend spot here (Hourly for bigger picture). bulls need to do more, right now I will see it as is sell at the retest zone.

[BullBear52x]

and here is /TF

[Cobra]

members only update at 3:42 pm
http://www.cobrasmarketview.com/2013/06 ... ay-update/

[Unique]

Last chance, if retakes 1620 aka the breakdown level then it's a beautiful 2 way day Cmon bears your last chance

[TraderGirl]

EWG in an interesting pattern...diamond top? H&S? Symm triangle?

Higher prices up through the triangle would invalidate diamond top or Symm triangle...

[jademann]

and here is /TF

BB lookng at other recent years tops, the first correction bounced almost back to the recent top.
Also Dr Doom said he expects 1670 before down

http://finance.yahoo.com/echarts?s=%5EG ... =undefined;

[Cobra]

guess that's it for today. NFP tomorrow has been up 5 of last 6. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/chartbook

[ALdaytrade]

EWG in an interesting pattern...diamond top? H&S? Symm triangle?

Higher prices up through the triangle would invalidate diamond top or Symm triangle...

Are you buying $VIX long for overnight, Trader Girl?

[MrMiyagi]

Small burp

[BullBear52x]

and here is /TF

BB lookng at other recent years tops, the first correction bounced almost back to the recent top.
Also Dr Doom said he expects 1670 before down

http://finance.yahoo.com/echarts?s=%5EG ... =undefined;

I am focus on entry and exit to the penny if I could, how far either side from here I will have to see how it starts.

[TraderGirl]

EWG in an interesting pattern...diamond top? H&S? Symm triangle?

Higher prices up through the triangle would invalidate diamond top or Symm triangle...

Are you buying $VIX long for overnight, Trader Girl?

I don't play Vix products....XIV yes, but not UVXY, etc...maybe when we see a real market downturn...but not now...

[Ed02]

Small burp

Mr. M, could you give you a recap on all the unfilled P-Bars? Thx.

[Tabby]

Below 899 isn't good means above wave count not valid, I'll be buying kidneys.

I think the kidneys are good for now..

It's better if we go below 899, we have top notch kidneys. Right now, all Russell family are in reconstitution till July 1st, baby steps. I'd like to see a break below 947 and then 899 to know that 1008 was top until then baby kidneys.

[Tabby]

and here is /TF

Thanks for /TF chart.

[TWT]

$SPX: I would not rule out a retest of today´s lod

[Mr. T]

"We're never going down again!!!!"

[jademann]

and here is /TF

BB lookng at other recent years tops, the first correction bounced almost back to the recent top.
Also Dr Doom said he expects 1670 before down

I am focus on entry and exit to the penny if I could, how far either side from here I will have to see how it starts.

I dont have the ability or systems in place for short term trading. I have to survive on swings unfortunately..

[Unique]

Hmm would like to see 1617 break for an easier two way intraday ride back to 1623-1625 instead this time..maybe that would be the perfect V shape scenario. Hourly engulfing bar looks pretty well so far..

Well, there goes the nail in the coffin. Perfect V shape

[jademann]

EWG in an interesting pattern...diamond top? H&S? Symm triangle?

Higher prices up through the triangle would invalidate diamond top or Symm triangle...

Are you buying $VIX long for overnight, Trader Girl?

I don't play Vix products....XIV yes, but not UVXY, etc...maybe when we see a real market downturn...but not now...

TG you are wise. I wish I could do the same regarding UVXY. The UVXY reverse split should provide some fast action next week..