07/05/2013 Live Update

[Cobra]

downside breakout. you know the target. personally I'm not sure any bear targets.

[fehro]

messy SPX 15m... pink channel?... not sure about those green downtrend lines.. but if we do fail here.. they should come into play

[Omnilayer]

1 PM Signals update - Short is still alive but hanging by the fingernails

[user13]

With oil and interests rates spiking this does not bode well for the market

[TraderGirl]

This morning I told a member that my charts indicated a gap up, then down, then up...so far correct....now shows a down at some point today...

[wayne0708]

bull flag

[wayne0708]

Breakout

[joegamma]

This morning I told a member that my charts indicated a gap up, then down, then up...so far correct....now shows a down at some point today...

tough to buy into this spike up...nydnv continues up, nydec not going down...all the pros must be at the beach

[Cobra]

I said, any bear target, not sure. now back to the range top, the bias still is up.

[fehro]

still battling the 50 day SMA 1625.61... moment of truth for this pattern.

[fehro]

minor... very minor divergence on the VIX

[fehro]

some SPX 5m lines.. to watch fwiw... the red uptrend line if breaks today... could see a swift down move.

[wayne0708]

Cobra:
Any update on hrly chart

[fehro]

Cobra:
Any update on hrly chart

Don't forget that lower gap too... 159ish. I would of thought that upper gap would of been filled today.. maybe another gap up on Monday AM. If not.. think the lower one may get filled first.

[wayne0708]

Cobra:
Any update on hrly chart

Don't forget that lower gap too... 159ish. I would of thought that upper gap would of been filled today.. maybe another gap up on Monday AM. If not.. think the lower one may get filled first.

bull market can fill gaps better on the way up, if you know what i mean, or check back and see how many gap ups haven't yet been filled. gotta obey the bull market rules.

[wayne0708]

Painting some sort of support here.

[Cobra]

Cobra:
Any update on hrly chart

I need wait to see how the current revisit day high resolves first, otherwise it's hard to say where we are.

[fehro]

Cobra:
Any update on hrly chart

Don't forget that lower gap too... 159ish. I would of thought that upper gap would of been filled today.. maybe another gap up on Monday AM. If not.. think the lower one may get filled first.

bull market can fill gaps better on the way up, if you know what i mean, or check back and see how many gap ups haven't yet been filled. gotta obey the bull market rules.

yes true, but unless we are in the midst of a trend change.. then that upper gap may not be filled for months.. just sayin' .

[fxaprendiz]

I see some traders here are talking about the gap of June 20 not being filled so far.
My question is, does pre-market trading count? because if it does, the gap was filled this morning with a spike right after the NFP report. My charts show 1635.9 high on SPX... I think it was enough to fill the gap mentioned. I'm not sure since my charts hardly show any gaps since CFD trading is almost 24hrs.

[Cobra]

nothing new, the bias is up but officially we have to wait for the range breakout first (either up or down).