07/02/2013 Live Update

[Mr. T]

1318.png

We're never going down again?????
LOL

[MrMiyagi]

We're never going down again????? LOL

Doesn't seem like it!

[wayne0708]

we are going down forever.

[Cobra]

not a valid breakout but it confirms the ascending triangle. tinted area the text book target.

[thanos]

having a hard time at that 50dma and 1624 area of resistance. needs to break and test before it can run higher. No need to guess to wait and see. Volume continues to be low. Hard to break resistance on low volume although i count this as the 3rd time it is challenging this resistance area.

[Royal Flush]

The attachment 1317.png is no longer available

pBar Reading:
This suggests SPY to 162.40 or SSO to the blue line.
Also note pBar crowed is targeting SPX1630 zone.

Hi FlowerGirl, your SPY target should be reached on wave 5 as long as RSI 50 holds on pull backs. I am concerned however that the gap at 162.5 is already filled so we may see a DT and truncated 5th wave.

[wayne0708]

having a hard time at that 50dma and 1624 area of resistance. needs to break and test before it can run higher. No need to guess to wait and see. Volume continues to be low. Hard to break resistance on low volume although i count this as the 3rd time it is challenging this resistance area.

volume s been low. it's vacation season and big money are out, only money left is short covering.

[Omnilayer]

12 PM Signal updates
http://wp.me/p2NmIY-g5

[FlowerGirl]

The attachment 1318.png is no longer available

Prices may drift here till 1PM and then zoom.

[wayne0708]

12 PM Signal updates
http://wp.me/p2NmIY-g5

do you have long signals?

[BullBear52x]

SPX fan

[Out of Bounds]

12 PM Signal updates
http://wp.me/p2NmIY-g5

Post your signals here. It is bad form to have your link take us away from this site.

[FlowerGirl]

1317.png

pBar Reading:
This suggests SPY to 162.40 or SSO to the blue line.
Also note pBar crowed is targeting SPX1630 zone.

Hi FlowerGirl, your SPY target should be reached on wave 5 as long as RSI 50 holds on pull backs. I am concerned however that the gap at 162.5 is already filled so we may see a DT and truncated 5th wave.

sc.png

I think we will hit ~163 by close of tomorrow, if foreign markets don't sink tonight. Have to checked EEM lately, it looks sick.

[ClarkW]

$SOX about to roll over?

[Al_Dente]

internals went short on those two bars

[Cobra]

false breakout. we might have a double top here. wait.

[fehro]

SPX 5m

[wayne0708]

1317.png

pBar Reading:
This suggests SPY to 162.40 or SSO to the blue line.
Also note pBar crowed is targeting SPX1630 zone.

Hi FlowerGirl, your SPY target should be reached on wave 5 as long as RSI 50 holds on pull backs. I am concerned however that the gap at 162.5 is already filled so we may see a DT and truncated 5th wave.

sc.png

I think we will hit ~163 by close of tomorrow, if foreign markets don't sink tonight. Have to checked EEM lately, it looks sick.

If we close green today, europe and asia will be green tomorrow, and us can gap out of resistance zone 1630 tomorrow. my wild guess

[Al_Dente]

What are the Winklevoss twins up to these days?
Oy vey it’s an IPO
http://www.zerohedge.com/news/2013-07-0 ... itcoin-etf

[BullBear52x]

/ES no new high 1-2-3 formation comes to mind. need to see RSI falls below 50 to keep that thinking alive.