06/26/2014 Live Update

[tsf]

Updates on @BlockTradeAlert mentioned earlier by panbuk

For what it's worth

SPY has been moving up as more of these @BlockTradeAlert appeared, consistent with Cobra's calls
BLOCK TRADE: $SPY 501,273 shares @ $195.66 [14:24:25]
BLOCK TRADE: $SPY 501,273 shares @ $195.66 [11:40:22]
BLOCK TRADE: $SPY 501,223 shares @ $195.66 [10:17:24]
BLOCK TRADE: $SPY 501,223 shares @ $195.66 [10:14:13]

IWM also moved up as these @BlockTradeAlert appeared
BLOCK TRADE: $IWM 503,393 shares @ $117.77 [12:00:13]
BLOCK TRADE: $IWM 541,767 shares @ $117.18 [11:13:02]

[Out of Bounds]

Have to go... Staying short overnight. Have fun everyone.

[tonghu]

i would believe it's a wedge if yesterday's high was not broken (SPY), and also, from the time window, the pullback is not over to me, let's see

big down tomorrow, and it will not be back like today and yesterday

Reason?

[fehro]

SPX 5m

So, this was a head and shoulders from yesterday!
"I am asking about the 1960ish we reached on June 19th, 2014 as the left shoulder."

Sorry AL, I don't see on.... as there is no definite neckline, imho. SPX 5m still in flag

No problem, however I thought as soon as we reached that 1960 we would be breaking down.
How about a neckline of June 18th, 1939 and June 26th, 1944?
Just thinking that we will be heading down for at least a few days and looking for a possible formation of some kind.
I am really looking at the 5 hour time frame.

Sorry still don't really see a clean pattern.. the H&S on the SPX 60m is a bit of a stretch imho, DOW 60m is cleaner ... but still messy complex H&S ( 2 heads)

[Cobra]

triangle, bias still up.

[Tutti]

big down tomorrow, and it will not be back like today and yesterday

absolute terms and the market are 2 things that should never go together. You might suspect something, but all you got is a hunch....

[fehro]

SPX 5m

[fehro]

RUT rebalancing tomorrow I believe.... http://www.russell.com/indexes/americas ... fault.page

[champix]

Seems that bears are busy playing some other games...

[MrMiyagi]

!!!!! POWER HOUR !!!!!

[MrMiyagi]

RUT rebalancing tomorrow I believe....

After the close.

[fehro]

RUT rebalancing tomorrow I believe....

After the close.

Thanks!

[Cobra]

100% mm.

[fehro]

INDEX dailies... VIX slipping below 20d SMA... as DOW, TRAN are trying to hold above

[Tutti]

RUT rebalancing tomorrow I believe....

After the close.

I think the ay it works (and I could be wrong) is if you are a fund that emulates one of the Russell indexes, like a Fidelity Index Fund or ishares, your rebalance would need to be completed BEFORE the start of trading on Monday. So even though the Russell technically reconstitutes Friday after the close these funds have to get their fills in by close of day. Hence the big volume spikes on reconsitution days.

[ALdaytrade]

i would believe it's a wedge if yesterday's high was not broken (SPY), and also, from the time window, the pullback is not over to me, let's see

big down tomorrow, and it will not be back like today and yesterday

I agree with your view. What time window are you using?

[fehro]

SPX 5m

[uempel]

Update:

[MrMiyagi]

I think the ay it works (and I could be wrong) is if you are a fund that emulates one of the Russell indexes, like a Fidelity Index Fund or ishares, your rebalance would need to be completed BEFORE the start of trading on Monday. So even though the Russell technically reconstitutes Friday after the close these funds have to get their fills in by close of day. Hence the big volume spikes on reconsitution days.

Also, I don't think the RUT itself would be affected too much, mainly the components within it that are either getting dumped or added.

[TraderGirl]

Just got back from Hawaii...did not want to come home...such a beautiful and relaxing place

Dow appears to have 5 waves down...if not corrective, price needs to get below wave "a"...whether SPY makes lower low at the same time is unknown....