02/26/2016 Live Update

[fehro]

crude has turned over. let's wee whether bear can take back 1950

50d restest .. coming up possible.. W/D/5m.. Weekly bullish.. profit taking.. inverted Hammer daily… 50d re-test for support.. 5m.. minor H*S.. looking for the 50d - Overall 50d holds and bounces still looking for $38

[Trades with cats]

Anybody planning on trading into the wee hours Sunday night?

[MrMiyagi]

Energy and metals not helping market today. Yesterday everything was up together.

[Pagat]

crazy sector rotation all day each new push-up with a different sector that is why IWM is doing so good today

[gappy]

In an orderly fashion. Daily.

Capture.PNG

[fehro]

SPX 5m cyan 3 day uptrend key.. 1955 range.. that cracks.. could see a shaper pullback..

looking for possible 1942 on break

SPX 50d 1944, bears will want to close it below.. it.. would invert hammer / gravestone the daily.

almost there

[Wallstreetrader]

100% plim

[fehro]

fehro - In your opinion, how far is this rally/squeeze going? I’m interested in looking for a good place to initiate a short position on $SPX. Thanks!

SPX hourly channel resistance.. part of me says this is a bull trap… SPX green, and VIX green??
Really VIX green on that jump…. some one is buying protection - dabble short on the spike

cover some shorts here.. pennies away from 50d 1944.00 1.75 lower than LOD

[fehro]

SPX .. VIX could be also making bullish falling wedge.. or still a possible "complex" (2head) invs H&S fwiw

Flag rest 5m SPX

[MrMiyagi]

!!! POWER HOUR !!!

[Daniel]

Power Hour is greeted by a strong 5min bull bar, SPY

[Daniel]

Past half hour, incremental gains in intraday RS in risk areas like smallcaps, tech, hi-yield

[QED]

Thanks fehro! Nice day of trading.

[Daniel]

Bank index daily, stalling at resist. around 62.

However, looking to close above its (flattening) 20day MA for only the third time in 2016.

[Cobra]

still it's bull flag.

[fehro]

VIX 5m spiky .. seems someone is trying.. that daily candle. .. gives hesitation to the bulls. Mind you VIX can change on a dime in the last few minutes

[josephli]

Battle of 1950. overall bullish leaning. running out of time. algo might "paint" at closing.

[Daniel]

Mind you VIX can change on a dime in the last few minutes

Fehro, I'm always cautious of using volatility based indicators in the last couple hours of Friday and the first couple on Monday. Many big traders simply don't want to lose the "time decay" over the weekend, so they do very short term things.

[Daniel]

However, because there is an economic skew, twd selling on friday and buying back on Monday, any late behavior opposite to that can be quite revealing.

[daytradingES]

Thu Feb 25, 2016 10:53 pm
I'm thinking Cl will top tomorrow

We have the astro stuff coming up for the weekend.

It would be nice to have a high start an sell-off on ES but that's just a wish.
last two fridays were up FE:SE

From yesterday.