01/15/2014 Live Update

[DellGriffith]

I have our current setup as similar to early december. the chartwork turned bearish in the first few days of december. then on the 6th, a hard rally started that lasted a day or two. shorts felt trapped but the rally was a headfake as the market turned around again and slammed down to fresh lows a few days later.

This pattern has played out several times in the past. i expect the rally over the past couple days is another headfake. well see.

[kongen]

Gappy, re POMO nonsense: I sincerely hope you are not Rick Santelli in disguise!

[Al_Dente]

new high SPY

[fehro]

New all time highs.. RUT, SPX, TRANS, new yearly highs on COMPQ.... Dow lags with the VIX... 60m

[Cobra]

vol surge, biggest bar, so might see pullback here first then we'll see.

[fehro]

if we don't double top here.. SPX 60m.. mind the upper trends

[BullBear52x]

"It is what it is dept" report

Mid to long term is entering sell the rip zone. 2x top also.

[BullBear52x]

game plan, GL.

Intraday = Buy, so one more buy on dip still.

[fehro]

SPX daily

[Cobra]

pullback is larger than I thought. I'm neutral, as no guarantee it'd be bought.

[fehro]

SPX 5m.. possible minor H&S / or triangle

[Al_Dente]

Based ONLY on the last three SPY “steps” wherein SPY moved up 2%+ after a breakout, I get a MINIMUM target for SPY at roughly 188.70.
This assumes the breakout is real and not a trap or a double top.
Also, this is “recency bias” which assumes that just because something behaved a certain way in the recent past, it will do so again this time,
which is grain-of-salt analysis……..

[fehro]

moment of truth for H&S... mind the open interday gap at 1843ish SPX 5m

[Cobra]

2nd test of day high, 50% chances of reversal. I'm still in wait and see mode.

[MrMiyagi]

spy10

[Mr. T]

"We're never going down again!!!"

[fehro]

SPX 5m.. if this H&S is going to work.. gotta move now

[MrMiyagi]

"We're never going down again!!!"

Apparently not!

[Mr. T]

"We're never going down again!!!"

Apparently not!

They trying to steal my gold chains..... I'll sell them some gold colored chains instead.....
LOL

[fehro]

SPX 5m.. on the neckline/channel