07/30/2012 Live Update

[jabberstoxx]

head and shoulders in ES........indicates if pattern plays out that 1370 will be bottom......lets see how it plays out

[Cobra]

consolidation favors bears.

[TradingJackal]

head and shoulders in ES........indicates if pattern plays out that 1370 will be bottom......lets see how it plays out

For the H/S looking for the right shoulder at around 1381.

[joe-gamma]

es 730.png (9.64 KiB) Viewed 3081 times

possible bearish crossover for 1-2 day downturn , perhaps this afternoon, minor divergence on histogram on this 4 hour ES bar chart....could also just be consolidation before next spike higher look to Bullbear for guidance?

Who said There is REAL JOY in not knowing????

[EvilTrader]

Here the retracements from the onset of this rally.

We've been sitting @61.8 retracement levels.

Not sure if this is a healthy bull move.

Ok, just moved above 20 ema, lets see if it holds.

Im bearish biased.

[Cobra]

double bottom text book target.

[jabberstoxx]

head and shoulders in ES........indicates if pattern plays out that 1370 will be bottom......lets see how it plays out

For the H/S looking for the right shoulder at around 1381.

absolutely ........I was seeing it topping at 1381-1382

[MrMiyagi]

Which is it Cobra, double bottom or Bear consolidation, confused about which button to deploy...

[stucap]

Looks like a sell. Bots need QE talk for fuel and no talk today = no fuel.

[Petsamo]

IWM doesn't feel like rallying yet

[TradingJackal]

What next?

[joe-gamma]

Paging Wise AL: nonMKT bs amusement
just saw this on ZH, possibly some strategy for retiring with your vollyball and primetime sunday night?

Within any country, there are regional differences. But they’re particularly strong in Germany. Bavarians are still swilling it at a rate of 155 liters per capita, whereas Germany’s wine regions are down to 69 liters, an outright scandal. My grandfather, who was born and raised in the Kingdom of Bohemia, which was part of the Austrian Empire at the time, and is now part of the Czech Republic, would turn over in his grave.

Today, the Czech Republic and Austria are the top two beer-drinking nations in the world with 143 and 108 liters per capita respectively. By comparison, in the US, we drink 75 liters per capita, on par with Russia.

Note the last country on the list: India. 2 liters per capita! Just imagine Asian beer production if India’s 1.2 billion people discover—unlikely as this may seem—just how good a cold one can be after a hard day at work, or with their favorite meals!

[BullBear52x]

selling pressure is credible, see UP/DN Volume, all SPY, QQQ, and IWM all are agreed. buyers beware.

[Cobra]

lunch time, no idea what the market is doing, I'm neutral.

[Al_Dente]

PAGING joe-mama
aaaaaaaa……..India needs more beer ?
[I need more cowbell ]

[MrMiyagi]

Swimming in molasses today...

[Al_Dente]

What Cobra calls “consolidation”, others call “picket fence” and u don’t trade the fence until it clarifies
AD still “chop”
5 min: we are inbetween 20/50ma (rock) and VWAP (a hard place)
Higher low says put these on just in case… just 4 fun…

[BullBear52x]

ES here, buy the dip spot.

SPY here intraday

[btran874]

Dear Santa,

I have been a good boy all week. Please let the market goes sideway or slightly up into closing today. Please do not let the market drop at all. I would prefer a green doji close and for spx to be at 1386 or 1387 but no more than 1387 please Santa.

Thank you!

[Al_Dente]

ES here, buy the dip spot.

1.JPG

SPY here intraday

2.JPG

big fat neg diverg right there on yr ES