01/21/2014 Live Update

Post by **Cobra** » Tue Jan 21, 2014 1:07 pm

2nd test of day low, key time, let's see if any dip buyers would come in here.

Post by **Cobra** » Tue Jan 21, 2014 1:09 pm

a little lower low but still it's 2nd test, bears are not safe yet. I see volume surge, so might be rebound here again.

MrMiyagi · Post by **MrMiyagi** » Tue Jan 21, 2014 1:21 pm

Target from Friday hit.

: spy10

fehro · Post by **fehro** » Tue Jan 21, 2014 1:21 pm

SPX 5m

Post by **Cobra** » Tue Jan 21, 2014 1:24 pm

possible double bottom. those dip buyers almost always come in.

Post by **Cobra** » Tue Jan 21, 2014 1:29 pm

rebound shall have small legs at least. I'm very disappointed in bears, almost always predictable.

RedKite · Post by **RedKite** » Tue Jan 21, 2014 1:33 pm

Anybody noticed XRT (retail sector) recently?
This is the first time since its inception 7 years ago that it's gone down so much (and RS touching 30) without dragging SPX down with it.

I can see a few things are keeping SPX elevated, like NYADV way high, so I'm not shorting yet (swing trade) but that XRT looks bad. I'm thinking we probably break down at FOMC 29th. Usually we don't break down a week before FOMC, so we might be ok at the moment.

fehro · Post by **fehro** » Tue Jan 21, 2014 1:39 pm

VIX daily.. not quite a 50d SMA tag, now just above 20d SMA

Al_Dente · Post by **Al_Dente** » Tue Jan 21, 2014 1:41 pm

Divergences persist between 1/volatility and the indices
5min

DellGriffith · Post by **DellGriffith** » Tue Jan 21, 2014 1:46 pm

SPY bb still tightening. gold is signalling that its next immediate move is down. to me that means the odds favor an upside breakout of the tight BB bands on SPY. so i think this 98 point drop is likely a fakeout/whipsaw.

Al_Dente · Post by **Al_Dente** » Tue Jan 21, 2014 1:49 pm

Neg divergent TICK and waning momentum is suggesting this squeeze is not as strong as it looks

MrMiyagi · Post by **MrMiyagi** » Tue Jan 21, 2014 1:50 pm

QQQ Upside pBars from Friday hit as well.

: qqq2

fehro · Post by **fehro** » Tue Jan 21, 2014 1:55 pm

SPX 5m

fehro · Post by **fehro** » Tue Jan 21, 2014 2:06 pm

SPX 60m... possible ascending triangle orange.(don't love the shape... it should be a little more shallow). if this low holds..... if not look for a tag of the red, break read.. look for lower levels

Post by **Cobra** » Tue Jan 21, 2014 2:08 pm

target met. again this bull shall have legs.

Al_Dente · Post by **Al_Dente** » Tue Jan 21, 2014 2:11 pm

IWM target about 118.27
1/RVX does not agree at the moment

fehro · Post by **fehro** » Tue Jan 21, 2014 2:14 pm

VIX 15m.. may have support here.. if not green channel?

MrMiyagi · Post by **MrMiyagi** » Tue Jan 21, 2014 2:15 pm

What was that website that checks if other websites are having issues?
Someone had posted a link a couple of weeks ago...

fehro · Post by **fehro** » Tue Jan 21, 2014 2:18 pm

SPX 5m.. possible resistance here mid green channel

finman66 · Post by **finman66** » Tue Jan 21, 2014 2:27 pm

MrMiyagi wrote:What was that website that checks if other websites are having issues?
Someone had posted a link a couple of weeks ago...

http://www.downforeveryoneorjustme.com/

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