06/05/2013 Live Update

[fehro]

SPX 5m

[TraderGirl]

XIV suggests it has some support at this level....

[Al_Dente]

That gold ma on the 60min is 377ma which has held long since December.
It’s at 160.53 now.
If we break that: kiss yr stuff goodbye
I think a bounce will intervene before we get there

[user13]

Range target met

[BullBear52x]

1607.xx /ES

[Al_Dente]

XIV suggests it has some support at this level....

TG r u WINNING !!!!!
http://www.youtube.com/watch?v=WOYzFKizikU

[user13]

We are approaching Gap support at 161

[Me XMan]

HAHAHAHAA!!! That's a nice one BB52x.

bear macarena.png

[gappy]

spya.png

Yellow line represents fear-eliminating Fed Ponzi. Circles are 9ema touching the 18ema on the daily chart, representing Fed trigger point. The whole deal was/is subject to diminishing returns, and a need for a recent face saving QE easing blurbs. Will the market now trade on economic fundamentals and return some confidence to TA, because we all know the Fed will not stop the Ponzi until WWIII. Stay tuned.

[Out of Bounds]

50% retracement is 161.31

[TraderGirl]

XIV suggests it has some support at this level....

TG r u WINNING !!!!!
http://www.youtube.com/watch?v=WOYzFKizikU

Been WINNING all day baby!! Anyways on to a more serious side 15,000 is support for Dow, but if fails, then check out SPX trend line...1600ish still possible by the end of the week...Not much pos d on the hourly, so looks negative...

[user13]

Very strong down trend right now

[Darkmatter]

GiddiGap

[Al_Dente]

I am watching for a bounce which could be brutal if/when the bears race to cover (BUY to cover shorts = squeeze potential)
But not just yet, as I SEE THE BEAR INTERNALS HOLDING STRONG at the moment

[Cobra]

again, before the trend line broken and the day low revisited (cannot breakdown decisively), it's not long.

[gappy]

moneyflow.PNG

[Unique]

Cmon bears, hourly close below support please for once please Or else the BTFD bots return

Bears doing work, hourly closed below 1620

1620 breakdown doing work baby

Now, we must fear the Fast and Furious Oversold Bounce near the minor 1607 support.

Looking good bears almost <20 RSI, looks just like textbook day breakdown with oversold signals

Maybe a fast and furious oversold rebound near 1607-1610 if bulls get a reversal candle

Key time, we're at support. RSI 20. Waiting for reversal candle now. BTFD if confirms

[C520]

Dip buyers are waiting for a lower number. Velocity of the fall has to diminish. VIX has to head down first. IMHO.

[gappy]

Capture.PNG

[Out of Bounds]

again, before the trend line broken and the day low revisited (cannot breakdown decisively), it's not long.

Was That it?