03/25/2014 Live Update

[BullBear52x]

/ES intraday got one more buy the dip left. on hourly is aligned bearish with SPX.

[BullBear52x]

bears want to see this intraday buy fail.

[DellGriffith]

We keep going like this and spy bb width will be in the 2.2s tomorrow, under 2.1 by thursday, and friday or monday will be the start of a major move up or down.

[BullBear52x]

We keep going like this and spy bb width will be in the 2.2s tomorrow, under 2.1 by thursday, and friday or monday will be the start of a major move up or down.

a look at BB% it's oscillating back and forth and bearish bias atm.

[Cobra]

possible bear flag so bias is down.

[uempel]

Intraday: BPNYA +0.07%, BPCOMPQ -0.05%, BPNDX -1.64% (now at 60), BPSPX +0.20% - BPINDU and BPFINA are flat.

This is weekly BPNDX going back 200 years . It shows the importance of the actual reading of BPNDX.
Note that a break below 59 tends to be a sell signal - not only for NDX (not shown here) but for SPX too (in green).

[Cobra]

bear flag indeed. I'm not sure about 100% mm. I'm sure that bears must work hard here otherwise game is over.

[MrMiyagi]

spy

qqq

[ALdaytrade]

bear flag indeed. I'm not sure about 100% mm. I'm sure that bears must work hard here otherwise game is over.

What are the chances here for a double bottom to go to MrMiyagi's p-bars for the spx?

[grachu]

cobra good morning ! could you update your comment on apple ? than you

[uempel]

Update on the MA 390 (1 min chart)

[fehro]

SPX 60m a tad messy... bulls see a green bullish falling wedge, bears see a descending type triangle (yellow).. mind the cyan channel, and open gap around 1840ish...

[fehro]

NDX, COMPQ struggling under their 50d, VIX is a tad under 50d, 20d 200d again... INDEX dailies

[Cobra]

beware of 3 push down, so bears still need work hard here otherwise game over. sorry it never is fair to bears.

[MrMiyagi]

NYSI, weekly NYMO still indicating downside, maybe 70 to 100 points on the S&P.

Correct me if I am wrong.

[Cobra]

it does look like 3 push down now. good bull bar, need a follow through, bears beware.

[uempel]

2674.png

2673.png

Miyagi, I'm dreaming of a nice bounce up to 1888 - but if I look at today's Bullish Percentages it's not going to happen tomorrow

Intraday Bullish Percentages are deteriorating, weaker than 2 hours ago: BPNYA +0.01%, BPCOMPQ -0.41%, BPNDX -1.64% (now at 60), BPSPX, BPINDU and BPFINA are flat.

[flumanchu]

Well, looky there - market coming down to more closely align with the Projection below (current 1857).

Here's projection from the weekend.
Fri, Mar 21, 2014 Mon, Mar 24, 2014 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2044 $1.00 - $1.25 billion --> -6 -> 1860
Mon, Mar 24, 2014 Tue, Mar 25, 2014 Outright Treasury Coupon Purchases 11/15/2024 - 02/15/2031 $0.50 - $0.75 billion --> -10 -> 1850
Tue, Mar 25, 2014 Wed, Mar 26, 2014 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2044 $1.00 - $1.25 billion -> -6 -> 1844
Wed, Mar 26, 2014 Thu, Mar 27, 2014 Outright Treasury Coupon Purchases 05/15/2021 - 02/15/2024 $2.25 - $2.75 billion -> +10 -> 1854
Thu, Mar 27, 2014 Fri, Mar 28, 2014 Outright Treasury Coupon Purchases 12/31/2018 - 11/30/2019 $3.75 - $4.50 billion --> +28 -> 1882
Fri, Mar 28, 2014 Mon, Mar 31, 2014 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2044 $1.00 - $1.25 billion -> -6 -> 1876


Note: POMO may not be applied on a particular day, but instead held to be used another day, or borrowed from a future day - depending on what the Fed wants done. However, when it's all avg'd out, it ends up working out over a few days or week at a time.flumanchu

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[Cobra]

this rebound shall have small legs at least.

[KENA]

With the Fed pumping every dip the bears can only do what they can do until the fed's run short of bucks. Institutions are not buying. Hang in and lets see.