fehro
Posts: 22880 Joined: Fri Sep 02, 2011 2:06 pm
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by fehro » Fri Aug 15, 2014 2:33 pm
SPX 5m
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Cobra
Site Admin
Posts: 60077 Joined: Sat Feb 12, 2011 10:29 pm
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by Cobra » Fri Aug 15, 2014 2:33 pm
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fehro
Posts: 22880 Joined: Fri Sep 02, 2011 2:06 pm
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by fehro » Fri Aug 15, 2014 2:35 pm
even a strong close.. may not help the weeklies..
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BullBear52x
Posts: 30022 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Fri Aug 15, 2014 2:46 pm
No money
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My comments are for entertainment/educational purpose only. NOT a trade advice.
ALdaytrade
Posts: 1244 Joined: Thu Apr 04, 2013 12:55 pm
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by ALdaytrade » Fri Aug 15, 2014 2:51 pm
Wallstreetrader wrote: re-short again
Thank you for the chart! Jumping into a short with you! Great call on page one:
by Wallstreetrader » Fri Aug 15, 2014 8:05 am
all ingredients for an crash all now together !
MrMiyagi
Posts: 10336 Joined: Sun Oct 16, 2011 12:48 pm
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by MrMiyagi » Fri Aug 15, 2014 2:57 pm
SPY came SOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO CLOSE to the green line !!
BullBear52x
Posts: 30022 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Fri Aug 15, 2014 3:01 pm
MrMiyagi wrote: SPY came SOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO CLOSE to the green line !!
You didn't expect that did you?
a close here will put bears in defensive, good enough for bulls. this is good paint job so far. one more hour to go.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Cobra
Site Admin
Posts: 60077 Joined: Sat Feb 12, 2011 10:29 pm
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by Cobra » Fri Aug 15, 2014 3:02 pm
MrMiyagi wrote: !!!! POWER HOUR !!!!
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gappy
Posts: 3163 Joined: Tue Nov 22, 2011 3:34 pm
Location: Peapatch Tx
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by gappy » Fri Aug 15, 2014 3:03 pm
‘the petrodollar is our currency and our problem’....Gappy
MrMiyagi
Posts: 10336 Joined: Sun Oct 16, 2011 12:48 pm
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by MrMiyagi » Fri Aug 15, 2014 3:03 pm
Cobra, admit it, you wee just waiting for my post with a kitty picture all ready!!
fehro
Posts: 22880 Joined: Fri Sep 02, 2011 2:06 pm
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by fehro » Fri Aug 15, 2014 3:11 pm
SPX 5m... bulls see an invs H&S pink neckline... bears rising wedge
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MrMiyagi
Posts: 10336 Joined: Sun Oct 16, 2011 12:48 pm
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by MrMiyagi » Fri Aug 15, 2014 3:12 pm
OK so I guess SPY won't be green today...
ALdaytrade
Posts: 1244 Joined: Thu Apr 04, 2013 12:55 pm
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by ALdaytrade » Fri Aug 15, 2014 3:13 pm
fehro wrote: SPX 5m... bulls see an invs H&S pink neckline... bears rising wedge
Is this not a head and shoulders for bears?
fehro
Posts: 22880 Joined: Fri Sep 02, 2011 2:06 pm
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by fehro » Fri Aug 15, 2014 3:18 pm
ALdaytrade wrote: fehro wrote: SPX 5m... bulls see an invs H&S pink neckline... bears rising wedge
Is this not a head and shoulders for bears?
a very, very messy one..
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DellGriffith
Posts: 1803 Joined: Sun Aug 25, 2013 5:24 pm
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by DellGriffith » Fri Aug 15, 2014 3:19 pm
I haven't looked but it FEELS like power hour starts 2 hours before close in recent weeks.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
ALdaytrade
Posts: 1244 Joined: Thu Apr 04, 2013 12:55 pm
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by ALdaytrade » Fri Aug 15, 2014 3:22 pm
fehro wrote: ALdaytrade wrote: fehro wrote: SPX 5m... bulls see an invs H&S pink neckline... bears rising wedge
Is this not a head and shoulders for bears?
a very, very messy one..
I guess I meant head at 1964.04 and shoulders at 1955.03?
MrMiyagi
Posts: 10336 Joined: Sun Oct 16, 2011 12:48 pm
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by MrMiyagi » Fri Aug 15, 2014 3:24 pm
DellGriffith wrote: I haven't looked but it FEELS like power hour starts 2 hours before close in recent weeks.
Traders and bankers like to drink.
fehro
Posts: 22880 Joined: Fri Sep 02, 2011 2:06 pm
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by fehro » Fri Aug 15, 2014 3:27 pm
ALdaytrade wrote: I guess I meant head at 1964.04 and shoulders at 1955.03?
Hey AL, that's what I thought I drew?... if you want a more symmetrical H&S you could say there's still a tad upside to the RS.. but overall still a very messy looking pattern, imho. But I do like the target lines up to the red trend.
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