06/11/2015 Live Update

[fehro]

SPX ... possible H&S yesterday / today.. could still pop higher "RS".. then/or close flat today.. only to gap down tomorrow... and then 'confirm' evening star on the daily.. VIX stiil in bullish falling wedge..

[Junior Buffett]

SPX ... possible H&S yesterday / today.. could still pop higher "RS".. then/or close flat today.. only to gap down tomorrow... and then 'confirm' evening star on the daily.. VIX stiil in bullish falling wedge..

Fehro,

You know on daily, VIX can fall much deeper than this level..may in 10's

[Cobra]

ascending triangle text book target. I'd be happy if it could test the day high.

[fehro]

20d testing again...

[fehro]

SPX ... possible H&S yesterday / today.. could still pop higher "RS".. then/or close flat today.. only to gap down tomorrow... and then 'confirm' evening star on the daily.. VIX stiil in bullish falling wedge..

Fehro,

You know on daily, VIX can fall much deeper than this level..may in 10's

It could.. but .. interestingly.. on a possible channel support.. and triangle.. so holds up we go in the triangle.. break upper edge.. 20's in flash.. fwiw.

or one very ugly triple head complex invs H&S shoulder.. with this pullback a shallow RS..= bullish... all about if we hold here and go higher.. tho

[Junior Buffett]

SPX ... possible H&S yesterday / today.. could still pop higher "RS".. then/or close flat today.. only to gap down tomorrow... and then 'confirm' evening star on the daily.. VIX stiil in bullish falling wedge..

Fehro,

You know on daily, VIX can fall much deeper than this level..may in 10's

It could.. but .. interestingly.. on a possible channel support.. and triangle.. so holds up we go in the triangle.. break upper edge.. 20's in flash.. fwiw.

or one very ugly triple head complex invs H&S shoulder.. with this pullback a shallow RS..= bullish... all about if we hold here and go higher.. tho

Indeed, channels are looking extremely lucrative..but Bulls have stamped so much fear in Bears heart that..they don't want to see anything positive!..lol

[fehro]

SPX ... possible H&S yesterday / today.. could still pop higher "RS".. then/or close flat today.. only to gap down tomorrow... and then 'confirm' evening star on the daily.. VIX stiil in bullish falling wedge..

Fehro,
You know on daily, VIX can fall much deeper than this level..may in 10's

It could.. but .. interestingly.. on a possible channel support.. and triangle.. so holds up we go in the triangle.. break upper edge.. 20's in flash.. fwiw.
or one very ugly triple head complex invs H&S shoulder.. with this pullback a shallow RS..= bullish... all about if we hold here and go higher.. tho

Indeed, channels are looking extremely lucrative..but Bulls have stamped so much fear in Bears heart that..they don't want to see anything positive!..lol

yup.. but that's the game the market makers like.. make it look one way.. but really positioning another.. to take as many people offside as possible.. and only a week away from OEW ... VIX 3-4 trade days away next tues/wed

http://www.cboe.com/aboutcboe/xcal2015.pdf

[BullBear52x]

good chart for case study, everyone knows SHLD has been in trouble for a long time and could go BK fundamentally. the reason I posted it here is for a TA view, look at historical resistance level catching on them finally, sure the high tide will lift all boats but the leaking boat will eventually sink in Low or High tide. SHLD proven to be hat leaking boat.

[BullBear52x]

Here is another leaking boat that I follow.

[Junior Buffett]

SPX ... possible H&S yesterday / today.. could still pop higher "RS".. then/or close flat today.. only to gap down tomorrow... and then 'confirm' evening star on the daily.. VIX stiil in bullish falling wedge..

Fehro,
You know on daily, VIX can fall much deeper than this level..may in 10's

It could.. but .. interestingly.. on a possible channel support.. and triangle.. so holds up we go in the triangle.. break upper edge.. 20's in flash.. fwiw.
or one very ugly triple head complex invs H&S shoulder.. with this pullback a shallow RS..= bullish... all about if we hold here and go higher.. tho

Indeed, channels are looking extremely lucrative..but Bulls have stamped so much fear in Bears heart that..they don't want to see anything positive!..lol

yup.. but that's the game the market makers like.. make it look one way.. but really positioning another.. to take as many people offside as possible.. and only a week away from OEW ... VIX 3-4 trade days away next tues/wed

http://www.cboe.com/aboutcboe/xcal2015.pdf

true..only problem is VIX futures..July VIX is almost $ 3 higher than spot as soon as it rolls over..it will head south to fill the gap..that not only kills the VIX ETF's but also provide fuel to market...

[fehro]

sure looks pretty..

[BullBear52x]

I see no weak hand today as far as trend following intraday. unlike yesterday I challenge 2x top, not today, maybe the weak hand will show later but not what I look for atm.

[brucekeller]

This is going to be one of the most exciting trading days ever - bye guys!

Hope you were being facetious!

[Cobra]

consolidation along the breakout point usually favors more up, let's see.

[marcueus]

Guys how you think - will court trial for breaking the constitution of major European country affect facebook price Ofc facebook will lose that trial

[Cobra]

double top?

[fehro]

soo close... SPX H&S.. is RS in? or not.. to make it more symmetrical.. or. weak RS.. .mind the break.. or we gap it tomorrow

[fehro]

AAPL weak... near LOD .. bottom edge of bear flag 60m.. could see a sharp drop to 50d / open gap

[BullBear52x]

one more buy here for me.

[BullBear52x]

On the fear side of thing, I see nothing to be alarm just yet. not now at least