02/06/2014 Live Update

[BullBear52x]

Fib extensions.

[joegamma]

See the pBar to 175.2 on the SPY?

Yes, already posted. But an update, just for you.....

2450.png

on stockcharts too (so maybe no good...)

[fehro]

See the pBar to 175.2 on the SPY?

Yes, already posted. But an update, just for you.....

2450.png

whoops.. scrolling a litte too fast.. thanks for the update!

[DellGriffith]

Update SPX:

SPX16.png

Is it too obvious that this whole thing is 5 waves down and we are in a wave 4 up atm?

[joegamma]

Update SPX:

The attachment SPX16.png is no longer available

Is it too obvious that this whole thing is 5 waves down and we are in a wave 4 up atm?

seems odd with the positive breadth that we are not screaming thru last week lows..
Paging DR Pasta for your own read on volume...here is a view, while we wait for AL's magic

[BullBear52x]

my play now on /ES

wishful thinking pattern.

[Cobra]

Ascending triangle, bias still up. lunch time will be back.

[Al_Dente]

...Paging DR Pasta for your own read on volume...

watching on remote
can’t post charts today
GL 2 u

[TWT]

$VIX: 15.80 is the make or break level to watch closely

[flumanchu]

Well, the reduced POMO has taken it's toll on the market, and will not abate until some new Program is announced (probably LTRO out of Europe, or Abe arrow from Japan).

POMO is being deployed today from the last couple of days to stabilize the market, but looks to end very soon.
If they use it all today ($4 billion), then tomorrow will be down.
There's just enough POMO (avg $2 billion / day) to keep the market even for the month.
However, add a little fear ($VIX) and it's going down.

With ever reducing POMO, the market is going down until someone (Europe, Japan, US, etc) comes up with another source of funds.

.

[uempel]

Update SPX:

SPX16.png

Is it too obvious that this whole thing is 5 waves down and we are in a wave 4 up atm?

EW is tricky. 1737 can be seen as the low of wave 5. I consider life easier without too much EW.

[BullBear52x]

$VIX: 15.80 is the make or break level to watch closely

My take on $VIX.

[BullBear52x]

SPX bearish rising wedge.

Zoom in, I wish the zoom thumb nail of stockcharts.com become editable two side by side plane, right now it's just too childish of what they got, useless.

[uempel]

Ellipses on daily SPX (and DAX too) suggest a nice move for Monday. Bye guys, I'm off

[MrMiyagi]

RUT not holding up as well... Jobs numbers tomorrow, wish I had a crystal ball.

[Mr. BachNut]

An explanation for the tough resistance at SPX 1769?

SPX1.png

Even if 1769 were broken and even if something like 1815 +/- 5 were to be achieved, I would not rule out a trip to the blue path.
Bears got a red coupon!

[joegamma]

RUT not holding up as well... Jobs numbers tomorrow, wish I had a crystal ball.

i think grind lower, gap lower at least to wednesday closing levels, and if fail to make a new low, then possibly rally few days (monday pbar 112 handle?)

[BullBear52x]

I saw the intraday buy but why not chase up instead I counter trend? not all buy is good buy so's the sell.

[koolblue]

ES update

[Cobra]

don't know what pattern it is now, still up biased though.