04/25/2014 Live Update

[essessme]

OOB
The two andrew's are still valid with a nice rejection off red upper. Blue will want find support at mid-line area but the red rejection says "not so fast what about my mid-line" There is alot of room below before the battle gets heated...Could throw another down sloping andrew's in with projection being its mid-line

[L_T]

Red = weakest link
Blue = strongest link
Black = do or die.

Text of major sector performers. Notice utilities are where the action has been year to date.

[TraderGirl]

AMZN looks like it will get more down after a bounce.....unless support fails....

[Al_Dente]

Red = weakest link
Blue = strongest link
Black = do or die.

nice one
ps: quit covering already

[BullBear52x]

From it is what it is dept. Mid to Long term is entering buy the dip zone.
.....until it fails will bears got a say on this time frame.

[Out of Bounds]

OOB
The two andrew's are still valid with a nice rejection off red upper. Blue will want find support at mid-line area but the red rejection says "not so fast what about my mid-line" There is alot of room below before the battle gets heated...Could throw another down sloping andrew's in with projection being its mid-line

hourly pf 42514.png

Those are HUGE. Blue one is somewhat compelling.

[Heck]

Black Friday selling rips all the way down

5.5 undervalued opening long Index puts for every call for third day in a row = market bath until further notice

http://www.ise.com/market-data/isee-index/

[BullBear52x]

Red = weakest link
Blue = strongest link
Black = do or die.

nice one
ps: quit covering already

Bulls need a break check right here, can't fail here

[essessme]

Here is recent action

The andrew's appear to steep to be valid but TWT - this is a quick and dirty modified schiff - target is mid-line by middle of next week.

[BullBear52x]

Red = weakest link
Blue = strongest link
Black = do or die.

Text of major sector performers. Notice utilities are where the action has been year to date.

Nice,

[fehro]

SPX 15m... another possible H&S blue neckline.. should this bounce be weak.. or keep us in suspense for the weekend.. as per usual either at the neckline.. or the RS

[TWT]

$SPX: This decline should not undermine the trend which is up

[Varaha]

Sell in May? (Or front-run and sell at the end of April?)


Full disclosure:

My evil plan is to sell the big bounce on Monday and stay in cash until May 13 (Lunar cycle ---- > New moon comes on Monday night.)

[Cobra]

well, this bull may have legs.

[Out of Bounds]

[Billy Jack]
If this thing does another "V" bottom I will just go bezerk.
[/Billy Jack]

[Cobra]

I'll be out for about 2 hours. Have fun trading guys...

[essessme]

Those are HUGE. Blue one is somewhat compelling.

Actually red may have the edge with the price test of upper tine - notice how price has not tested upper/lower blue tines - does not make a strong case for it to continue to corral prices - nod goes red andrew's barring anything more than a pierce of the upper red tine....

[Mr. BachNut]

My NYMO cycle chart says things could go either way.

I never got confirmation that the April 11 NYMO low was a cycle low because we have not yet seen a higher low.
The trip to the April 22 NYMO high was an uninterrupted straight shot, not one NYMO down day (not even a tiny one).
Even though the April 22 high was above the April 1 high, it doesn't count as an up cycle without a higher low in there. BachNut says...
We are now in the first decline from that high.

So, setting a higher low and breaking the the April 22 high would confirm an up cycle with probable new all time price highs. (Late notice if you ask me...)
However until further notice, the door is open to proceed down below the April 11 NYMO low to finish the down cycle (with a probable break of recent price lows).
Perhaps the NYMO would go straight down (reflecting the recent up move), however a more normal course would be to see a lower high lower low pattern.

You'll observe that the April 11 low was not an oversold low nor was the prior cycle high an overbought high.
So, both bears and bulls have unfinished business.

So, no edge at the moment per the NYMO cycle.
That will probably change next week.

[TWT]

$IBB: Showing relative strength and the IHS remains possible

[fehro]

SPX 5m.. triangle? bear flag.. or minor invs H&S may form.. larger move after lunch?