08/24/2015 Live Update

[dr659]

Was that not a double bottom of the Oct 2014 lows?

[uempel]

This is just for fun, but it does suggest that today/this week might be capitulation:

http://stockcharts.com/freecharts/candl ... BPENER|B|0

[daytradingES]

bloomberg

TD ameritrade having "latency issues"

others having trouble getting on

[fehro]

bulls eying up a messy.. 'possible' invs H&S with a violent upside target.. or green triangle chop for a couple days.. SPX D/60m.. green dotted veritcal lines targets on a break.. triangle should have ABCDE (5 waves) inside befor a break.. fwiw..
D/60m SPX

[Al_Dente]

#BlackMonday is #1 trending on twitter
“Black Monday” in 1987 saw the market down 22.6% in one day
Get a grip.
This is “Blue Monday” at best
One day %

[Unique]

I'm long TSLA+GOOGL shares vs morning low

Done for the day, will keep the TSLA+GOOGL shares for a few days vs today's low. Probably should had bought QQQ instead, oh well.
No need to overthink things

ES 1968 target. 6minutes until hourly close. We closed above 1890 last bar.

We're about to squeeze Leg 2 here...1h 20ema = 1936, and double confirmation bulls at 1943.75

TSLA+GOOGL doing well, might need to take some profits actually at gap fill 230 and 644 respectively. Not sure if I still want to hold a few days...

Took 25% TSLA shares off. Just protecting some gains.

Still holding 100% GOOGL and 75% TSLA

[daytradingES]

Was that not a double bottom of the Oct 2014 lows?

[Al_Dente]

Was that not a double bottom of the Oct 2014 lows?

Which index?
I have the 15 Oct SPY intraday low at $179.25

[Al_Dente]

Declining stocks are 27 x advancing stocks (NYDEC/NYADV)
Declining volume is 39 x advancing volume (NYDNV/NYUPV)

[Heck]

Two out of Three ISE Indices Bearish

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

[gappy]

Daily. Fear is more than just currency wars. Would not take this drop lightly.

Capture.PNG

Vote Cobra. glta

[Al_Dente]

% performance from the 7/20 high, peak-to-trough
As of a few minutes ago

[jungle trunks]

"Tim Cook refutes China worries, calls Apple's growth 'strong' in rare mid-quarter update"

Apple almost totally recovered. Possible pennant on SPY could take us to break even on day

[Unique]

ES :Not sure about 1968 target anymore. I have 100% measure move at 2000 target. Time to squeeze boys. I have my seatbelt on.

Target 1 = 1968, target 2 = 2000

[daytradingES]

#BlackMonday is #1 trending on twitter
“Black Monday” in 1987 saw the market down 22.6% in one day
Get a grip.
This is “Blue Monday” at best
One day %

The attachment 824black monday.png.png is no longer available

true this is not a one day event. Though Black monday wasn't either.

But in 1987 retail investors could not trade online.
There were no internet graphs - you got charts and quotes from a broker.
Most trading done with open cry and program trading had just started and was behind the scenes, meaning the MSM had not even heard of it until after Wed of that week.

The move is added Thurs and Friday. From 2065 thurs to today's low is -234 or 11% ES
I think the Dow points on the BM crash was about 35% (from the high to the low)

and US govt manipulation and Govt buy prgs hold it up now.

The similarity is not in the % decline it is the sharp drop with the move happening before the sheeple wake on Monday.

When Ameritrade has had shut down to many retail traders (trouble keeping up with the orders)
and when circuit breakers mysteriously don't trigger when they should have (SP500), one can "feel" the institutions trying to unload.

More selling after govt sponsored bounce to follow most likely.

[Unique]

GOOGL target is obvious, gap fill = 644, then 658 if I get some luck

TSLA target = 230 gap fill, target 2 = 237

SPY target = 197.63 gap fill

[Cobra]

I don't believe it's double top, bias should still be up.

[fehro]

"Tim Cook refutes China worries, calls Apple's growth 'strong' in rare mid-quarter update"

Apple almost totally recovered. Possible pennant on SPY could take us to break even on day

Possible retest of channel break.... resistance close..

[gappy]

"Tim Cook refutes China worries, calls Apple's growth 'strong' in rare mid-quarter update"

Apple almost totally recovered. Possible pennant on SPY could take us to break even on day

Daily.

Capture.PNG

Old saw, all gaps get filled.

[Daniel]

QQQ amazingly close to a gap fill.