04/14/2014 Live Update

[gappy]

a.PNG

Capture.PNG

[Al_Dente]

No. Snog is red . Snog thinks this is a bounce, and will resume down. Snog drinks sometimes though.

Capture.PNG

[uempel]

Notice how all recent down moves (small and large) have followed similar rate of decent . They use the top of 4/9 pBAR to anchor the purple line and rest was just natural. (orange highlight)
While 4/10 pBAR was pointing up but red, so Team Red moved SPY down by the exact length of the bar. Aren't you surprised how orchestrated this play is?

spy pbar_an.png

Expect some resistance at the next purple diagonal. If SPY clears it, Team Green is in charge.

TA works so well because the market is orchestrated . Less liquid markets with no sophisticated analysis or tools tend to show less precise or even erratic patterns. Tools such as channels or ellipses only work so smoothly in "orchestrated" markets ...

[Out of Bounds]

SPY pennant forming. - bullish

[FlowerGirl]

Yellow channel may explain the lack luster performance of Team green.

I just cashed 55 ES points (traded 4 contracts since Morning). Good for today. I am out of here.

[Out of Bounds]

SPY pennant forming. - bullish

Did anyone else here ever frequent Clearstation when they were up (before Etrade bought them and shut it down)?
There was a guy there with multiple IDs and one of them was Flagtrader. All he did with that ID was identify bullish pennants. Geez we made a lot of money trading those - it was insane_

[Cobra]

possible ascending Triangle. wait.

[MrMiyagi]

Don't tell me that was all the bull could muster

[flrtrader]

Yellow channel may explain the lack luster performance of Team green.

spy pbar_an.png

I just cashed 55 ES points (traded 4 contracts since Morning). Good for today. I am out of here.

Thanks FG but I told ya so's don't make me for one feel good. A bit of warning or expectations would be great if you would.

Thanks again

[flrtrader]

SPY pennant forming. - bullish

Did anyone else here ever frequent Clearstation when they were up (before Etrade bought them and shut it down)?
There was a guy there with multiple IDs and one of them was Flagtrader. All he did with that ID was identify bullish pennants. Geez we made a lot of money trading those - it was insane_

Yes I was there many years miss that place...

Wonder where everyone went to...

[Out of Bounds]

Pennant failed, now flag

[DellGriffith]

Nyadv advancing issues 2200+
Volume ratio 4-to-1 bulls

Yep. Notice how Vix has moved to confirm the breadth and yet, TRIN does not reflect an overbought condition. Some very bullish signals.

hi boss is Snogger green?

No. Snog is red . Snog thinks this is a bounce, and will resume down. Snog drinks sometimes though.

Capture.PNG

Friday was a breach of the lower bb on daily SPY. Such breaches have always meant there is more down to come if the breach occurs early in the correction. Friday's breach occurred on day 6 of the correction, which is very early.

So the early nature of the breach concurs with your snog that we will resume down.

[Royal Flush]

Notice how all recent down moves (small and large) have followed similar rate of decent . They use the top of 4/9 pBAR to anchor the purple line and rest was just natural. (orange highlight)
While 4/10 pBAR was pointing up but red, so Team Red moved SPY down by the exact length of the bar. Aren't you surprised how orchestrated this play is?

spy pbar_an.png

Expect some resistance at the next purple diagonal. If SPY clears it, Team Green is in charge.

Excellent work FlowerGirl thanks

[fehro]

SPX 5m... a tad messy.. minor bearish rising wedge.. larger red *bear flag.. invs H&S / ascending triangle pink for the bulls still within a cyan channel

[Al_Dente]

Don't tell me that was all the bull could muster

Good Morning Mr. M.

[Cobra]

range. I'm neutral. wait for the range breakout/breakdown. I guess it's breakout.

[TraderGirl]

Notice how all recent down moves (small and large) have followed similar rate of decent . They use the top of 4/9 pBAR to anchor the purple line and rest was just natural. (orange highlight)
While 4/10 pBAR was pointing up but red, so Team Red moved SPY down by the exact length of the bar. Aren't you surprised how orchestrated this play is?

spy pbar_an.png

Expect some resistance at the next purple diagonal. If SPY clears it, Team Green is in charge.

Excellent work FlowerGirl thanks

Royal, I am surprised you understand what she is talking about...other than her last sentence...I can't understand....

Using the size of a p-bar to measure a move?? Can she ever provide an advanced projection of that move? Or is it always "after the fact"? Just wondering if her theory is forward looking or only backwards....??? I can always tell you tomorrow what the market is doing today...

[Out of Bounds]

LMAO

[flrtrader]

Notice how all recent down moves (small and large) have followed similar rate of decent . They use the top of 4/9 pBAR to anchor the purple line and rest was just natural. (orange highlight)
While 4/10 pBAR was pointing up but red, so Team Red moved SPY down by the exact length of the bar. Aren't you surprised how orchestrated this play is?

spy pbar_an.png

Expect some resistance at the next purple diagonal. If SPY clears it, Team Green is in charge.

Excellent work FlowerGirl thanks

Royal, I am surprised you understand what she is talking about...other than her last sentence...I can't understand....

Using the size of a p-bar to measure a move?? Can she ever provide an advanced projection of that move? Or is it always "after the fact"? Just wondering if her theory is forward looking or only backwards....??? I can always tell you tomorrow what the market is doing today...

My point exactly Mamm,

Does your crystal ball have anything for us!

Best

[Cobra]

3rd touch a breakout is more likely.