09/29/2015 Live Update

[Daniel]

A number of sectors slipping into the red here, housing, KRE, XLP, some airlines.

Most are holding solid gains tho.

[fehro]

INDEX dailies.. trying to look bullish..

[Cobra]

generally this pullback would be bought.

[Daniel]

IBB having trouble staying over the 300 level-- round # resistance.

XLF having trouble staying green.

[Unique]

ES: Key time bulls, possible higher low hourly/1-2-3 trend change setup here at 1869-71 support region for the 1895-1900 target. No failure allowed.

If lower low, then we are just heading towards 1850 bear target

ES: Approaching towards 1895-1900 immediate target.
Remember, this is leg 1 target. If in the coming sessions there's a leg 2, then the target still remains at 1915 and 1940 (daily 8ema +20ema)

ES: Hourly bar closed as top wick, but still above 1HR 8EMA+20EMA. Bulls need to do more to prove their momentum.
They need an hourly close above 1887. Needless to say, so far so good for the 1-2-3 trend change setup/higher low.

[Unique]

GOOGL: 631 and 635 immediate target

GOOGL: $1 away from 635 target. BTW, 1HR 20EMA = 636.5. Planning to take some off soon then trail the rest.
No need to be greedy, respect trading rules as we are still treating this as a deadcat bounce for now.

[fehro]

minor, and ugly H&S on just intra day action, target 187.25 "if" it goes.. lower high needs to hold and neckline break 188.60

[Daniel]

IWM, MDY, AAPL, XRT, IYT joining the red parade.

Housing sector losses ca 1%

[Al_Dente]

Bulls have given up their advantage already:
Advancing stocks are 1.0 x declining stocks
Advancing volume is 1.4 x declining volume

An hour ago:
Advancing stocks are 1.9 x declining stocks
Advancing volume is 3.6 x declining volume

[Unique]

minor, and ugly H&S on just intra day action, target 187.25 "if" it goes.. lower high needs to hold and neckline break 188.60

If indeed H&S breakdown, then measure move = 1872 and 1865 for target

[Trades with cats]

London about to close, traders squaring for the night.

[fehro]

SPX .. hourly.. kinda outside reversal.. VIX weak - ish

[fehro]

minor, and ugly H&S on just intra day action, target 187.25 "if" it goes.. lower high needs to hold and neckline break 188.60

If indeed H&S breakdown, then measure move = 1872 and 1865 for target

yup would fill the gaps..

[Cobra]

small 3 push down, so hopefully 2 legged rebound here then we'll see.

[Unique]

CL: Daily bar currently a bull engulfing. Looks like it's setting up for the October outside month breakout finally..

[Daniel]

AAPL green to red reversal and now down ca 1/2%

[tbviewer]

minor, and ugly H&S on just intra day action, target 187.25 "if" it goes.. lower high needs to hold and neckline break 188.60

If indeed H&S breakdown, then measure move = 1872 and 1865 for target

yup would fill the gaps..

Not seeing that gap-fill motion here.
Looks upward to me.

[Unique]

minor, and ugly H&S on just intra day action, target 187.25 "if" it goes.. lower high needs to hold and neckline break 188.60

If indeed H&S breakdown, then measure move = 1872 and 1865 for target

yup would fill the gaps..

Not seeing that gap-fill motion here.
Looks upward to me.

15m ES/SPX is 1-2-3 trend change bull / higher low setup still. Same target at ES 1895-1900.
Still need to see an hourly close above ES 1887

[Daniel]

spy, qqq, mdy, iwm all holding above daily VWAP-- iwm just barely tho

[MrMiyagi]

spy