06/17/2011 Intraday Watering

[palmblue]

as now is option expiration week it seems market trying to pin SPY @ 127

[99er]

SPX
Update.
http://99ercharts.blogspot.com/2011/06/spx_9338.html
Just waiting for that drink.

[BullBear52x]

now we have bear flag in the making (intraday) not good or a descending triangle.

[Cobra]

now we have bear flag in the making (intraday) not good or a descending triangle.

yeap, breakdown now.

[99er]

SPX
Thirsty yet?
http://99ercharts.blogspot.com/2011/06/spx_5173.html

[TrendTrade]

Here is a chart of the Euro. Its a little sloppy on the H&S, but I think its valid. Trouble for the bulls... good for bears.

[BullBear52x]

now we have bear flag in the making (intraday) not good or a descending triangle.

yeap, breakdown now.

Nice trend day after all

[Anaconda]

SPX
Thirsty yet?
http://99ercharts.blogspot.com/2011/06/spx_5173.html

Very. I went short June DIA puts this morning on the pump up. Just covered half. More to go, possibly.

Technicals favor bulls. Fundamentals favor bears. Dollar favors bears, as well; sentiment has shifted and the $US is due for a nice run up - especially with the Euro and Yen headed towards the depths.

Good luck all, whichever way you're positioned.

A

[BullBear52x]

heads up for Bullish divergence if any will be materialized.

[WhyNot]

Hi everybody. I'm new here. I'm from Portugal and I Love this board. Great Analysis By cobra.

Anyone have a target for dollar?

Thank You

[BullBear52x]

Sorry bulls, 126.32 is next stops.

[cougar]

Very nice, Anacaonda!

[99er]

SPX
Last SPX chart for today...
http://99ercharts.blogspot.com/2011/06/spx_4634.html
It's a trend.

[TrendTrade]

Hi everybody. I'm new here. I'm from Portugal and I Love this board. Great Analysis By cobra.

Anyone have a target for dollar?

Thank You

I would look at the EUR/USD. It should bounce somewhere in the range of 1.39 or 1.4 If it does not bounce there... then I will have to re-evaluate to establish a target.

[lumeipro]

Too many folks are expecting a bottom. They are not throwing the tower yet. That's not the real sign of a true bottom. still shorting the bounce, but taking quick profits, while waiting for the big day when everyone gives up.

[Cobra]

no idea what the market is doing, looks like a typical OE play. Tinted area and dashed line are triangle text book target.

[TrendTrade]

Also wanted to add that this board is the best trading board online. Hope it doesnt get dilluted with un-related commentary. There are some very quality traders/chartists here and we have a great leader.

Cobra you have something good going here.

[Cobra]

lunch time, will be BACC.

[BullBear52x]

Hi everybody. I'm new here. I'm from Portugal and I Love this board. Great Analysis By cobra.

Anyone have a target for dollar?

Thank You

I would look at the EUR/USD. It should bounce somewhere in the range of 1.39 or 1.4 If it does not bounce there... then I will have to re-evaluate to establish a target.

UUP got support at mid BB and 5dma, very bullish. 22 next resistance unless it failed and trades below Mid BB now. which I don't see it yet.

[StrikePrice]

IHS?

Maybe....