02/05/2014 Live Update

[KeiZai]

Should SPX 1740 break P&F-ATR suggests the next support is way down at 1687ish

The attachment P&F.png is no longer available

And that is a nice one (strong buy) I would be very happy to see 1690 actually I am hoping for it, but IWM is already very close to lower BB and it is also MA200

SPX

IWM

[Al_Dente]

** ATTENTION * ALL * BEARS **
Just chill.
Quit yr covering already.

[Cobra]

2 legged pullback already not much damage yet, so might be rebound here? range day so far.

[uempel]

Should SPX 1740 break P&F-ATR suggests the next support is way down at 1687ish

P&F.png

And that is a nice one (strong buy) I would be very happy to see 1690 actually I am hoping for it, but IWM is already very close to lower BB and it is also MA200

SPX

SPX-1690.png

IWM

IWM.png

Seems to me that 1687 is more realistic than SPX 1110...

[KeiZai]

Should SPX 1740 break P&F-ATR suggests the next support is way down at 1687ish

The attachment P&F.png is no longer available

And that is a nice one (strong buy) I would be very happy to see 1690 actually I am hoping for it, but IWM is already very close to lower BB and it is also MA200

SPX

The attachment SPX-1690.png is no longer available

IWM

The attachment IWM.png is no longer available

I think RUT could outperform SPX in coming days...

at support (trndline + 200)

possible triangle

I will long this market until support holds

[Cobra]

rebound indeed and the low probably was in for today.

[Mr. BachNut]

While the indexes broke prior lows, dollar yen did not.
In fact, dollar yen is starting to look like it might make an attempt to break trend.
A higher high with an hourly close above trend and above the 100 hour MA may signal a turn.
Worth keeping an eye on as it may have implications for equities.

[KeiZai]

IWM 1h

[fehro]

SPX 5m

[rhight]

Has anyone with Stockcharts noticed that something changed today? I just submitted a problem report ; If you have a parameter set to invisible, so that only an average is displayed, the value used to appear in the Legend, meaning yesterday, but today the parameter is still listed in the Legend, but no value is displayed

[KeiZai]

IWM 1h

BUt still new low is likely, this is not an impulsive wave so far imo

[Al_Dente]

IWM 1h

BUt still new low is likely, this is not an impulsive wave so far imo

PAGING PANDA RUT BOSS
This is an obscure McClellan ratio: RUT 2000/1000
He thinks when the rubber band gets toooo stretched it will mean revert
Specifically: it is overextended at 2.5% above/below the 39ma (the 5% trend)
It’s been working lately
He loves anything 39; I love u

[Al_Dente]

Has anyone with Stockcharts noticed that something changed today? I just submitted a problem report ; If you have a parameter set to invisible, so that only an average is displayed, the value used to appear in the Legend, meaning yesterday, but today the parameter is still listed in the Legend, but no value is displayed

NEW
Under your chart next to [to the far right of] the “color scheme” and “grid” is the new “legends” box
Drop it down and select your preferred legend
(is that what u mean?)

[wayne0708]

rebound indeed and the low probably was in for today.

I am waiting for you to say this bull has legs

[KeiZai]

IWM 1h

BUt still new low is likely, this is not an impulsive wave so far imo

PAGING PANDA RUT BOSS
This is an obscure McClellan ratio: RUT 2000/1000
He thinks when the rubber band gets toooo stretched it will mean revert
Specifically: it is overextended at 2.5% above/below the 39ma (the 5% trend)
It’s been working lately
He loves anything 39; I love u

25mcclellan rut_png.png

Thanks for that boss I like this market for a short squeeze play (best) because most of retail traders trade TNA/TZA and they like to kill them with epic short squeezes

[L_T]

IWM 1h

BUt still new low is likely, this is not an impulsive wave so far imo

PAGING PANDA RUT BOSS
This is an obscure McClellan ratio: RUT 2000/1000
He thinks when the rubber band gets toooo stretched it will mean revert
Specifically: it is overextended at 2.5% above/below the 39ma (the 5% trend)
It’s been working lately
He loves anything 39; I love u

25mcclellan rut_png.png

Good find. Where do you get this stuff?

[KeiZai]

Watching XIV (not buying) looks like she found support at lower trendline forming a bottoming candle but the day is young

[Al_Dente]

Good find. Where do you get this stuff?

McClellan has massive archive stuff on his site..... VERY hard to find.......u have to get lost in it....... etc

[uempel]

SPX 1737:

[uempel]

Al, as to stockcharts: how do I conceive a chart with a close-up to the right of the chart - or do I need a pro subscription? Thanks!