12/19/2013 Live Update

[joegamma]

smallies looking at macd signal line crossover -south, may run some stops down to 112evenish, which would look like a bull flag on intraday charts...me looking at behavior below 11180 for clues, tough to be bearish infront of opex.

[BullBear52x]

/ES 01 to 04 range. bull flag or failed flag.

[joegamma]

/ES 01 to 04 range. bull flag or failed flag.

BB: you had "1moresell" on histograms, was it dailies or intraday?

[BullBear52x]

/ES 01 to 04 range. bull flag or failed flag.

BB: you had "1moresell" on histograms, was it dailies or intraday?

SPY/SPX I called it Mid to Long term entry setup. look for < 1799 on /ES or <1805 on SPX for conservative move.

[joegamma]

Thanks BB, did your histograms for smallies mid to L/T) get negated yesterday afternoon?

[uempel]

not a good looking pullback as it might mean the 2nd test of yesterday's high failed. I'm neutral.

Ahhh, finally, I agree with you SPX spending too much time at resitance, signal might be indicating a reversal (purely hypothetical )

Several days consolidation is OK for bulls as long as no sharp pullback, also Santa Rally is near, so bears really need some luck here which they mostly didn't get so far this year.

Time signal indicates reversal or acceleration - today we have neither and we don't have follow through from yesterday. Do I see performance to back up the bullish scenario? But note that tomorrow's Quadruple Witch is messing things up

[BullBear52x]

did your histograms for smallies (1moresell) get negated yesterday afternoon?

It got Positive reversal on higher lows. I will not be bearish on it unless $RUT <1120ish.

[Cobra]

back to day high with renewed strength, looking good.

[MrMiyagi]

back to day high with renewed strength, looking good.

!!!! POWER HOUR !!!!

[Cobra]

breakout would be C&H. don't ask me exact target, too small to measure. If I have time to measure for you, it might already be there or invalid.

[BullBear52x]

This morning took 3 sells to make money, on this second half, I am seeing another sell coming on /ES. but will half hour change any landscape of the cash index? might not see the sell comes in until after market. good to be up tonight and sleep all day tomorrow.

Paging KeiZai, have you has any sleep yet boss?

[BullBear52x]

this is a bad buying on so overbought market, IWM is not good now that histogram is turning bearish.

[simpletrader]

this is a bad buying on so overbought market, IWM is not good now that histogram is turning bearish.

Just can't believe iwm is this bearish today!

[KeiZai]

This morning took 3 sells to make money, on this second half, I am seeing another sell coming on /ES. but will half hour change any landscape of the cash index? might not see the sell comes in until after market. good to be up tonight and sleep all day tomorrow.

Paging KeiZai, have you has any sleep yet boss?

haha I am sleeping right now, waiting for that new high is well like waiting for godot

Off-topic: All p-bars in R2K been met

[Cobra]

members only update at 3:34 pm
http://www.cobrasmarketview.com/2013/12 ... ay-update/

[MrMiyagi]

IWM almost at 20sma support.

[uempel]

P&F charts show the market's dilemna very well:

SPX traditional is at triple resistance. A break here is very, very bullish. Not only aiming at 1820 or 1830

DAX ATR is also at resistance (today's jump to 9350 is not yet shown on stockcharts, which receives its data follow-up after Wallstreet closes). Here too a break of 9341 signifies further strength for many days to come.

I'm not sure that the markets can support this kind of bullish action (i.e. carry out the bullish moves P&F charts are asking for).

[BullBear52x]

This morning took 3 sells to make money, on this second half, I am seeing another sell coming on /ES. but will half hour change any landscape of the cash index? might not see the sell comes in until after market. good to be up tonight and sleep all day tomorrow.

Paging KeiZai, have you has any sleep yet boss?

haha I am sleeping right now, waiting for that new high is well like waiting for godot

Off-topic: All p-bars in R2K been met

I got sell triggered again here on /ES, lets go new low

[joegamma]

P&F charts show the market's dilemna very well:

SPX traditional is at triple resistance. A break here is very, very bullish. Not only aiming at 1820 or 1830

SPX.png

DAX ATR is also at resistance (today's jump to 9350 is not yet shown on stockcharts, which receives its data follow-up after Wallstree closes). Here too a break of 9341 signifies further strength for many days to come.

DAX.png

I'm not sure that the markets believe in themselves and can support this kind of bullish action which these P&F charts are asking for.

and now INDU has a double top to sell against here, if there are any gutsy bulls at year end,

[KeiZai]

This morning took 3 sells to make money, on this second half, I am seeing another sell coming on /ES. but will half hour change any landscape of the cash index? might not see the sell comes in until after market. good to be up tonight and sleep all day tomorrow.

Paging KeiZai, have you has any sleep yet boss?

haha I am sleeping right now, waiting for that new high is well like waiting for godot

Off-topic: All p-bars in R2K been met

I got sell triggered again here on /ES, lets go new low

I think you are betting on the c-wave down (could be also messy asc.triangle?)