08/15/2013 Live Update

[daytradingES]

Another 11.50 down manana would meet Uempel's 55 ma lost and start the monthly cycle stampede. But the banksters will have none of that nonsense.

I agree. probably some retrace tomorrow.
From1705 to 1655 is 50pts.
From 1696 to 1656 area is 40 pts.

Low of 17 July is 70.50 and a retrace to there looks likely.

[fehro]

SPX 60m.

[Cobra]

Double Bottom. Let's see if BTFD believers could win again this time.

[Harapa]

ST in cash since yesterday, next buy will present a 2-4% opportunity in SSO.

LT, still bullish; no harm done to "Expect a Higher High"

[knock]

UCO...usually gap fills as indicated here: viewtopic.php?f=2&t=1020&start=60#p138705

Now upside gaps filled...good to take some profits although potential to see higher high....

Does it look like bull flag?

[TraderGirl]

SPX has a little different count than Dow...

[TraderGirl]

UCO...usually gap fills as indicated here: viewtopic.php?f=2&t=1020&start=60#p138705

Now upside gaps filled...good to take some profits although potential to see higher high....

Does it look like bull flag?

Yes, that's why I took a position...now can get above wave 3....

[Al_Dente]

Internals
Comparing the July 24/25/26 dip to today’s
(24th down, 25th bounce, 26th more down)

[seemore]

Internals
Comparing the July 24/25/26 dip to today’s
(24th down, 25th bounce, 26th more down)

815compare.png

great chart Al! Thanks.

[Mr. BachNut]

Looking like a trend day. No knife catching for me.

Looking like trend day aborted.

[fulkdaddy]

Cobra's Real-time MO is hitting the lower Bollinger Band...historically a very good entry point for a long.

[TraderGirl]

Dow...another potential count...

[TraderGirl]

This support on the Dow ended up being important afterall...now there is a support line coming up...

[Al_Dente]

Internals
Comparing the July 24/25/26 dip to today’s
(24th down, 25th bounce, 26th more down)

The attachment 815compare.png is no longer available

great chart Al! Thanks.

Thx
One addition: top panel
To show the cumulative nyad NON CONFIRMATION of the 2 aug spy high that we were yapping about over the weekend

[Cobra]

so far so good for BTFDers, just remember, no sharp pullback allowed here.

[uempel]

Good time signal on the 1 min SPX at noon

[joegamma]

Internals
Comparing the July 24/25/26 dip to today’s
(24th down, 25th bounce, 26th more down)

815compare.png

great chart Al! Thanks.

Thx
One addition: top panel
To show the cumulative nyad NON CONFIRMATION of the 2 aug spy high that we were yapping about over the weekend

815non confirm_png.png

Great chart AL: any experience of btfdippers when nydec was above 2600 1st hour?
soo tough to buy bennie bull marts after bludgeoning like this, but thats where reqard seems to be...a bit long here, thinkin r2k can get up toward 10310/20 area

[1der]

SPY PBar on Interactive Brokers DATA FEED for my charts

168.74 just after the open. Has appeared and disappeared a few times.

[Al_Dente]

Great chart AL: any experience of btfdippers when nydec was above 2600 1st hour?
soo tough to buy bennie bull marts after bludgeoning like this, but thats where reqard seems to be...a bit long here, thinkin r2k can get up toward 10310/20 area

thx
nydec = 2700 this morning (now pulled back to 2600)
It is rarely seen above 2700/2800 without a breather

This kind of extreme nydec is usually, not always, indicative of more down day/days ahead.

[fehro]

SPX 5m. ... interday gap filled.