06/05/2014 Live Update

[uempel]

Bullish Percentages are strong:

http://stockcharts.com/freecharts/candl ... BPFINA|B|0

[Al_Dente]

That trendline on SPY is getting quite steep
Heresy:
Soon it will need to fan out a bit, either by going sideways or down
1/trin is showing distribution but u know how weird the trin can get….

[fehro]

Thanks Al. So it just went sort of bonkers just after 11 am ET and never looked back. Interesting.

Boss: also IWM started a ginormo squeeze at 11:00
Busted through double top
I think that surprised everyone

RUT daily.. pressing into a possible resistance area... should it stall over the next few days

[uempel]

Lexari:

[Mr. BachNut]

That trendline on SPY is getting quite steep
Heresy:
Soon it will need to fan out a bit, either by going sideways or down
1/trin is showing distribution but u know how weird the trin can get….

65steep_png.png

Agree. Starting to wonder about tomorrow.
If it stays strong for rest of today and volume is big, maybe an exhaustion day.
A substantial reversal tomorrow would be the tell, while a narrow range day would be what's expected.

[Al_Dente]

Hi Lexari

[gappy]

Capture.PNG

[Al_Dente]

That trendline on SPY is getting quite steep
Heresy:
Soon it will need to fan out a bit, either by going sideways or down
1/trin is showing distribution but u know how weird the trin can get….

Agree. Starting to wonder about tomorrow.
If it stays strong for rest of today and volume is big, maybe an exhaustion day.
A substantial reversal tomorrow would be the tell, while a narrow range day would be what's expected.

thx boss
yesterday it back-tested the breakout successfully
maybe we just need a back-test of today's breakout

[ALdaytrade]

So, dropping here but where to? We do not have any more room to move up on the chart with short term settings. So if we move down now, there will be room to go up tomorrow, if we do not move down now, then there is no room to move up tomorrow.

[fehro]

VIX 15m.. well so much for the messy invs H&S.. possible support near here.. if not .. lower green.. in free fall mode Mar 2013 lows 11.05

[gappy]

Capture.PNG

[DumbMoney]

Today is interesting,SPY is at a historical high,but the COBRA BBS PAGES INDEX is also high too(4 pages when 12:56).

[uempel]

Update on a weekly chart I posted end of May:

[FlowerGirl]

You're posts are mostly very confusing or useless regarding your projected market direction. If and when the market then moves in "your" direction you come back and explain in more detail with hindsight. How about stating your opinion more clearly based on your model BEFORE "your target" hits. And BTW, drop the arrogance, we have a very fine group of people on this board, don't spoil it.

"You're posts are mostly very confusing or useless regarding your projected market direction."
"How about stating your opinion more clearly based on your model BEFORE "your target" hits"
Let me first review the facts. Let’s start from yesterday's post.

So here I showed the possible path at the bottom (squiggle and final target in circle) which was posted in the AM long before the final target was reached. viewtopic.php?f=2&t=1321#p163807

And this is what I posted this morning. Do you read it says "HOD will be visited"? Is this before or after the HOD was visited.
viewtopic.php?f=2&t=1322&start=20#p163913

If this is what constitute hindsight in your mind than I wish you good luck...you need help.

As to other profanity, I am not surprised as you are the person who have made no other contribution to this board except mud slugging on me. Way to go!
I am equally surprised on others who are backing up this. Kudos to them as well

[ALdaytrade]

Update on a weekly chart I posted end of May:

http://stockcharts.com/freecharts/candl ... BPFINA|B|0

Is the black dotted line strong resistance or is there another line above it for tomorrow?

I am referring to your large chart.

[ALdaytrade]

You're posts are mostly very confusing or useless regarding your projected market direction. If and when the market then moves in "your" direction you come back and explain in more detail with hindsight. How about stating your opinion more clearly based on your model BEFORE "your target" hits. And BTW, drop the arrogance, we have a very fine group of people on this board, don't spoil it.

"You're posts are mostly very confusing or useless regarding your projected market direction."
"How about stating your opinion more clearly based on your model BEFORE "your target" hits"
Let me first review the facts. Let’s start from yesterday's post.

So here I showed the possible path at the bottom (squiggle and final target in circle) which was posted in the AM long before the final target was reached. viewtopic.php?f=2&t=1321#p163807

And this is what I posted this morning. Do you read it says "HOD will be visited"? Is this before or after the HOD was visited.
viewtopic.php?f=2&t=1322&start=20#p163913

If this is what constitute hindsight in your mind than I wish you good luck...you need help.

As to other profanity, I am not surprised as you are the person who have made no other contribution to this board except mud slugging on me. Way to go!
I am equally surprised on others who are backing up this. Kudos to them as well

FlowerGirl, STOP

[Cobra]

first touch of ema20 after many hours, most likely it'd be bought.

[Al_Dente]

Dang, a lower high AND a lower low
Fanning out just a bit
This is a really strong “Bull Trend Day” with hella participation at 2400 nyadv [now 2300]
Can’t fight that freight train unless it reverses
Until then y'all can kiss my bull

[uempel]

Update on a weekly chart I posted end of May:

Is the black dotted line strong resistance or is there another line above it for tomorrow?

I am referring to your large chart.

Of course resistance can be broken, but I doubt SPX 1950 will be pierced to the upside tomorrow

[FlowerGirl]

Another wild prediction

SPX 1980 before Quarterly Options Expiration day (June 20).

Why ?
Did you understand my rational(s) before? Then why why?
NO sensible person should commit a penny based on this prediction, even though this may come to fruition sooner than you may think...may be by tomorrow...Nah..