06/21/2012 Live Update

[Mr. T]

The IH&S neckline is broken right?

Market could collapse.

[TraderGirl]

A PM and miner smack down!!!!

[Mr. BachNut]

I think it is safe to say that the overbought condition has been cleared.

[Unique]

Excellent price to buy the dip on SPY here. ES and SPY on significant support. 20%+ gain for SPY weeklies potential.

Fack, I got stopped out

SPY bouncing on 132.8 channel support now..

[TraderGirl]

SPX: The internal structure of the current pullback is corrective

Are you saying that you think that this is the end to the pull back??? As far as I can see this is just the beginning....

We could have a bounce beginning of next week, but more down ahead....IMHO....

[Cobra]

nothing to say, the very 1st rebound should be still likely to fail.

2day MDD? tomorrow green?

only 60% chances if indeed MDD.

usually green day gets up to 60% chances everyday, so 60% is a random number.

[Cobra]

very close to strong support area now.

[KENA]

SPX: The internal structure of the current pullback is corrective

Are you saying that you think that this is the end to the pull back??? As far as I can see this is just the beginning....

We could have a bounce beginning of next week, but more down ahead....IMHO....

I agree but next week could have window dressing..

[MrMiyagi]

POWER HOUR major shoe returning session or what?

[SigmaEcho]

nothing to say, the very 1st rebound should be still likely to fail.

2day MDD? tomorrow green?

only 60% chances if indeed MDD.

usually green day gets up to 60% chances everyday, so 60% is a random number.

Tnx. Looking forward to market outlook.

[Cobra]

still the rebound is more likely to fail.

[Cobra]

twitter down again.

[ClarkW]

Daily charts of IWM and SPY do not show a buying opportunity, more like the beginning of another leg down in my newbie opinion

[Orange]

Cobra, is Gold down trend confirmed today? time to cut loss for the DGP trade? Thanks.

[Cobra]

guys, if you like my live update, more stimulus package please. Vote for me, thanks! http://stockcharts.com/public/1684859/tenpp

[Cobra]

Cobra, is Gold down trend confirmed today? time to cut loss for the DGP trade? Thanks.

not good looking today. The portfolio official stop loss isn't hit yet though.

[Cobra]

Cobra, is Gold down trend confirmed today? time to cut loss for the DGP trade? Thanks.

also check tonight's portfolio update, should be some actions assume we close right here.

[Cobra]

hopefully this is the final test of the day low.

[TraderJoe]

Is that a bullish falling wedge on your chart???

[cougar]

Why did EWP bounce ?
Because we got great news for the Spanish Banks: they can now collateralize radioactive guano with the EU benediction!