06/21/2013 Live Update

[jademann]

Obviously I am not as sophisticated as some here but arent these good mid term targets?

http://stockcharts.com/h-sc/ui?s=$SPX&p ... 7902302003

[Unique]

ES 1585.50 to 1586 +/- was a bloody battle ground last night. Critical level that will likely be tested. Needs to hold for bulls, needs to break for bears

Backtest for bulls got rejected, bears are winning all over. Easy peasy for them during this consolidation mode, waiting for next leg down

[KeiZai]

DX likely ending the 5th wave up atm, so it is either wave a or first wave of c

Bigger picture

ES: cannt get back above breakdown line, everything looks like 4th wave chop with one more leg down (for me it is buy the next low)

FTSE: If my reading is right we are close to bottom (a-wave) before retrace (b)
O: viewtopic.php?f=2&t=961&p=134221#p134221

My short-term FTSE view, one more leg down is possible

[KENA]

On this Ribbon chart notice the 30 day RS the green area.It broke thru the zero line and is now negative. This is now good news for the bears.

chart by stocktiming

[Royal Flush]

IB shows the SPY div was $0.8391 last night. Anyone have any ideas how/why SPY did not open lower by close to that amount??

Gap up on the open.

[KENA]

Liquidity took a good drop but still needs to drop more to have a bearish mkt for a bit,but it is getting there.

chart by stocktiming

[grachu]

after mayor distribution day is usually range day. So I would expect the bounce to come monday from the $NYMO oversold?

[BullBear52x]

/es Bulls need work harder. need to go past the 5 dma, not looking good.

[Unique]

/es Bulls need work harder. need to go past the 5 dma, not looking good.

Going to be a real easy sell/sell more if we break 1577 But will they shake us mindlessly to boredom first before that happens?

SPY wants the 158 number which is the 100DMA..

ES first time 100DMA held which is typical..but second test..no guarantees!

[KeiZai]

Anyone trading MIB? I don't too often and I don't like it but I am tracking it due to other EU markets, is telling me same as I see elsewhere = some kind of bottom could be close

[seemore]

IB shows the SPY div was $0.8391 last night. Anyone have any ideas how/why SPY did not open lower by close to that amount??

Gap up on the open.

thanks, I just figured it out too late. open at $159.63 - div of 0.8391 = 158.7909, so we just closed that gap. If I'm right, here comes the bounce...

[Cobra]

members only update at 10:25 am
http://www.cobrasmarketview.com/2013/06 ... ay-update/

[BullBear52x]

/es Bulls need work harder. need to go past the 5 dma, not looking good.

Going to be a real easy sell/sell more if we break 1577 But will they shake us mindlessly to boredom first before that happens?

SPY wants the 158 number which is the 100DMA..

ES first time 100DMA held which is typical..but second test..no guarantees!

clearly resistance, a failed at 161.8 (1567) is not encouraging, well, it is what it is, a selling to continue.

[shaca]

Anyone trading MIB? I don't too often and I don't like it but I am tracking it due to other EU markets, is telling me same as I see elsewhere = some kind of bottom could be close

MIB-D.png

i'm from italy, don't even look at that market, Monti and the current PM letta are destroying our country, the long term trend is negative.
anyway almost everywhere there is a bearish cross looking at weekly macd

[TraderGirl]

Dow count?

[TraderGirl]

Measured move??

[Cobra]

revisiting yesterday's low, key time. wait.

[EvilTrader]

Measured move??

TG is now Cobra's apprentice ?

[grachu]

6 hourly red bars. what was the stastistics ? or was it 7 ?

[Apple]