02/10/2016 Live Update

[BullBear52x]

breakdown now, sell sell sell

[Al_Dente]

Update HUGE red tick alert
Neckline break alert

[Out of Bounds]

Broke

[fehro]

SPX gaps intra day VIX spike up huge to fill gap almost

[Trades with cats]

Es yesterday's high1856.75 stopped the 2nd drop this morning be interesting to see if it does it a second time. Small Caps seem to think the bear should resume. They broke after congestion at yesterdays high.

[rhight]

Small short taken at 1864. Not a lot of confidence in it, late in downtrend (I think). Stop above HOD.

[BullBear52x]

for swing this is bear trap set up. $VIX suggests no fear.

[BullBear52x]

Short term got one more buy coupon left, come2papa kind of buy.

[Al_Dente]

AD bull bias (top panel)
A few red ticks lead bears to thinking that a neckline break is immanent
Bulls must hold that neckline (yes, it is drawn sloppy), else boom....

My intermediate indicators are positioning for a buy, but I may take a small short on a break of the trend you cite. I'm thinking we need one more capitualation day down to say 1802, with a more durable bullish turn in a few days. Just guessing, my timing models suggest that. In a bull market I think we would be about to scream higher here.

Note the larger context, the big H&S on the hourly. We have been struggling with backtesting that neckline all day (cyan dashed line=neck)
Looks like a breakdown there is also immanent...................

[BullBear52x]

Chart for the road: support/resistance line 101. Peace!

[BullBear52x]

Please note: Resistances or supports are meant to be broken.

[rhight]

AD bull bias (top panel)
A few red ticks lead bears to thinking that a neckline break is immanent
Bulls must hold that neckline (yes, it is drawn sloppy), else boom....

My intermediate indicators are positioning for a buy, but I may take a small short on a break of the trend you cite. I'm thinking we need one more capitualation day down to say 1802, with a more durable bullish turn in a few days. Just guessing, my timing models suggest that. In a bull market I think we would be about to scream higher here.

Note the larger context, the big H&S on the hourly. We have been struggling with backtesting that neckline all day (cyan dashed line=neck)
Looks like a breakdown there is also immanent...................

210sixty.png.png

Looking at the down channel on your chart, I'm working off the premise that we hit the top of a wave 4 today, with a wave 5 down from the 2/1 Hi (of 5 from Dec. Hi) now ensuing. Best guess. If it was 3 waves down from 2/1, we could bottom here and go up for awhile. Just chipping at the moment.

[Al_Dente]

Mr Miyagi please

[MrMiyagi]

!!! POWER HOUR !!!

[BullBear52x]

Nevar EVARRR going down EVARRRRR

[Al_Dente]

Looking at the down channel on your chart, I'm working off the premise that we hit the top of a wave 4 today, with a wave 5 down from the 2/1 Hi (of 5 from Dec. Hi) now ensuing. Best guess. If it was 3 waves down from 2/1, we could bottom here and go up for awhile. Just chipping at the moment.

[fehro]

VIX .. spikes.. again…

[BullBear52x]

VIX .. spikes.. again…

[fehro]

SPX last hour another inverted hammer… VIX tags support.. SPX 5m neckline/triangle retest.. or the triangle just expanded a tad.. still have gap material for tomorrow

[Trades with cats]

Rut Row ES stuck between support and resistance. Couldn't make new high but this is fourth test of 1856.75 today.