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Last open upper gap filled yesterday.. a couple possible bearish rising wedges red/pink... and yellow triangle. Mind yesterday’s open gap... 20d/50d convergence. VIX still holding support.. a tad cleaner on the daily.
USD, as per Friday.. invs H&S target tagged.. 20d tag almost there.. red/ 50d yellow left chart.. as a result.. gold getting smacked nearing a dangerous level.
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AMZN UPDATE: KEY TIME, at inflection point 433 is major support level. Lots of trapped bulls here if it breaks.
Look out below! See if there's a 5m/15m candlestick bottom there for a great R/R sticksave buy if so.
GOOGL Update: Sideways action to make 1HR 20EMA (currently 557.8) catch up, looking to buy the dip hourly timeframe there if market cooperates
If hourly closes below 1h 20ema, it would mean lots of trapped bulls and this was a daily breakout failure. Friday's close = 557.7
TSLA Update: Expect a consolidation sideways day, 261.5 vs 256 range. Or 261.5 vs 258.50 = $3 range only
Lots of trapped bulls here from yesterday, so don't be fooled like 15min ago 261.2 rejection for bull follow through
NQ+ES:
NQ is below 1HR 20EMA, so in hourly dip mode.
ES holding strong though, still above 1HR 20EMA.
Today might be a tough day and not an easy day like yesterday...good trading all
No charts right now, since it's fairly straight forward
Last edited by Unique on Tue Jun 23, 2015 9:57 am, edited 1 time in total.
DAX: today up to 11'630 and now back at 11'600. Unlikely that it will break higher today. Good resistance up there (yesterday's chart, as stockcharts.com doesn't update until after the close)
SPX: Update on the 1 min, only a break out of the red channel is a warning (for the bulls...)
DAX, yesterday's chart, at this very moment DAX is at 11621
uempel wrote:DAX: today up to 11'630 and now back at 11'600. Unlikely that it will break higher today. Good resistance up there (yesterday's chart, as stockcharts.com doesn't update until after the close)
SPX: Update on the 1 min, only a break out of the red channel is a warning (for the bulls...)
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Unique wrote:AMZN UPDATE: KEY TIME, at inflection point 433 is major support level. Lots of trapped bulls here if it breaks.
Look out below! See if there's a 5m/15m candlestick bottom there for a great R/R sticksave buy if so.
AMZN Update:
Impressive bounce so far from 5m bull bar engulf bottom setup,
now if break 437.73 then immediate squeeze target is back to 439. Key time
2minutes until 15m bar closes
In a note on Tuesday, Jill Carey Hall at Bank of America Merril Lynch (BofAML) wrote that the clients' net sales of US stocks amounted to $4.1 billion last week, the largest since January 2008.
Most of the selling is being led by institutional investors. Here's Carey Hall:
"After three weeks of net buying, institutional clients’ net sales last week were the largest in our data history. Hedge funds were net sellers for the ninth consecutive week, while private clients bought stocks last week following the previous week’s net sales. Buybacks by corporate clients were slightly lower than in the previous week, but on a four-week average basis have generally continued at a constant pace since mid-May. Net sales last week were chiefly due to large caps (biggest sales ever of this size segment), though small and mid-caps also saw outflows."
The strategists wrote that investors pulled the most money out of healthcare and financial stocks. Last week, outflows from healthcare were the largest on record, they said.
NQ is below 1HR 20EMA, so in hourly dip mode.
ES holding strong though, still above 1HR 20EMA.
NQ decisive bear bar 1hr continuation so far, current price 4531. Hourly support 4528 important support level coming up
Need an outside day or else, buy the fking dip again...
ES below 1h 20EMA now.
9 minutes until 30min bar closes, should tell us which side won
Unique wrote:
GOOGL Update: Sideways action to make 1HR 20EMA (currently 557.8) catch up, looking to buy the dip hourly timeframe there if market cooperates
If hourly closes below 1h 20ema, it would mean lots of trapped bulls and this was a daily breakout failure. Friday's close = 557.7
GOOGL Update:
We're here, 50 cents~ from 1h 20ema now, current price 558.30. Key time to determine BTFD or not