06/02/2015 Live Update

[cletus]

this is an embarrassing outcome for market bears who came in early to sell

[fehro]

SPX .. short here.. close morning longs

[Unique]

Hey, I'm back for a little bit.

GOOGL:
My alerts show that GOOGL at daily breakout candle and at the 588 double top resistance first try.
Might be a good scalp short since four hourly bull bars in a row. Risk a dollar for 3-5, back to 553-555
---

ES UPDATE:
If ES trigger over 2117.75 , we gonna get a quick squeeze later today.
Daily is becoming a sticksave daily candle with the 50DMA low in place and yesterday's high of 2117.75 as resistance.
Very clear cut levels for the market. Obviously, if 2117.75 fail then back to shorting it for good risk 2 for 5/10 since at the resistance line.
Today's daily candle close should be fairly important and tell us a lot for ES/SPY.

[Daniel]

Considering how the dollar has been slam-smashed today, Gold isn't exactly skyrocketing. Nor silver.

[quientuves]

Yeah, Cletus... but you were very silent past days...

[fehro]

SPY 15m.. lets see.. .descending wedge.. take out the LOD in the next day or two.. 208.50 *edited .. .upper resistance 212.50.. wedge could "expand" flatten out.. red expanding wedge.. one more push up to 212.50.. fwiw.. need a move and hold below 20d 211.43

[Daniel]

Hey, I'm back for a little bit. GOOGL: My alerts show that GOOGL at daily breakout candle and at the 588 double top resistance first try. Might be a good scalp short...

First of all, U., ongoing thanks to you and to Fehro and to BullBear52 (and of course to Cobra-da) for the beautiful framing of the market--and of individual opportunities--that your clear and actionable charts present to board viewers.

I definitely "see" the markets better when viewing them thru the filter of this community.

That said, did you perhaps mean 558 rather than 588 in the above? Or were you using a variant Google class of stock (and symbol)?

Thx.

[Daniel]

GOOGL: Shorting risks a dollar for 3-5, back to 553-555.

Per Schwab, GOOGL currently above both R1 and R2 pivots, and rule is former resistance becomes potential support-- so R2 is right at the beginning of this target range { 554.78 }

[AnnAAyms]

I thought it was already agreed that we wouldn't direct quote cletus. I'm fine with some one being primarily bullish but this is traders forum not an "investment" one. Shouldn't we mostly be "snakes" and the only question being our relative trade time-frames. I don't want to start hiding people I've nothing against just to not have to read someones slights to a group that shouldn't even apply here since I suspect the majority of us are both "bears" and "bulls" depending on our individual time-frames and favored indicators and tricks. I come here to learn and for the "Power Hour" and cat/dog gifs, not to read nonsensical insults to a group that doesn't apply here.

[BullBear52x]

It is when everyone think they got it. the market god finds way to fool all once again, 2119 is the line 2x peak or break away upward, I am bullish bias now that the histogram is back positive.

[Al_Dente]

Relatively speaking: who in the world is strong?
Hint: green

[QED]

Yeah... but you were very silent past days...

Quientuves, you can answer cletus, but PLEASE do not "quote" him. THANKS!

[BullBear52x]

Considering how the dollar has been slam-smashed today, Gold isn't exactly skyrocketing. Nor silver.

I pay very close attention to dollar (UUP) historical resistance is critical, and it shows. back in buy the dips zone.

[Al_Dente]

I thought it was already agreed that we wouldn't direct quote cletus. I'm fine with some one being primarily bullish but this is traders forum not an "investment" one. Shouldn't we mostly be "snakes" and the only question being our relative trade time-frames. I don't want to start hiding people I've nothing against just to not have to read someones slights to a group that shouldn't even apply here since I suspect the majority of us are both "bears" and "bulls" depending on our individual time-frames and favored indicators and tricks. I come here to learn and for the "Power Hour" and cat/dog gifs, not to read nonsensical insults to a group that doesn't apply here.

well said, thanks
then I got to the “bold” part and it really cracked me up

[BullBear52x]

More on King green back, Long term a reading of CCI 144 center line is a must hold.

[Out of Bounds]

I thought it was already agreed that we wouldn't direct quote cletus. I'm fine with some one being primarily bullish but this is traders forum not an "investment" one. Shouldn't we mostly be "snakes" and the only question being our relative trade time-frames. I don't want to start hiding people I've nothing against just to not have to read someones slights to a group that shouldn't even apply here since I suspect the majority of us are both "bears" and "bulls" depending on our individual time-frames and favored indicators and tricks. I come here to learn and for the "Power Hour" and cat/dog gifs, not to read nonsensical insults to a group that doesn't apply here.

PREACH IT GIRL!

[quientuves]

Yeah... but you were very silent past days...

Quientuves, you can answer cletus, but PLEASE do not "quote" him. THANKS!

Yep! Edited. Sorry!

[Man_Utd]

Cletus,
Do you see a bearish market anytime? If so, what's your time frame?

[Cobra]

the pullback may have small legs. then we'll see.

[Out of Bounds]

Cletus,
Do you see a bearish market anytime? If so, what's your time frame?

2PM?