05/29/2013 Live Update

[Kato]

SPX down 20 pts and TRIN at 0.45 ????? Anyone.....Bueller??

[fehro]

Blue channel retest yesterday, now descending orange triangle?.. filled one gap, made another. Magenta down channel.

http://www.thepatternsite.com/dt.html

[Unique]

SPY Update

Risk vs reward favours bulls still. Fun

Continue to BTFD at Major supports, easy

[Cobra]

tomsky had a good post here on our investors lounge. Don't forget we now have Investors Lounge forum viewtopic.php?f=11&t=937

[fehro]

SPX 60m

[uempel]

Update:

[Tutti]

Haven't seen such an aggressive move in the advance decline line like this in awhile. What a difference a day makes:

[joegamma]

SPX down 20 pts and TRIN at 0.45 ????? Anyone.....Bueller??

TRIN.PNG

thought the same thing, WHY?

[Cobra]

target not 100% fulfilled but enough to be considered as successful.

[Cobra]

the rebound may have small legs.

[Al_Dente]

Inverted volatility update

http://www.youtube.com/watch?v=VxLacN2Dp6A

[Cobra]

volume surge, biggest bar, so might see pullback here but overall this rebound should have small legs.

[Mr. BachNut]

ES bounced off triangle bottom.

If move tops near the light blue meridian, which is also the close of the big drop a few days ago, a head and shoulders may form inside the triangle.

[joegamma]

ES bounced off triangle bottom.

If move tops near the light blue meridian, which is also the close of the big drop a few days ago, a head and shoulders may form inside the triangle.

ES Triangle.jpg

Thank You, triangle support looks like 377ma on 15min charts too, 3 tests in past week, is this the charm after we squeeze a few shorts midday?
GL

[Cobra]

pullback as expected. I still believe this rebound shall at least have small legs.

[uempel]

tomsky had a good post here on our investors lounge. Don't forget we now have Investors Lounge forum viewtopic.php?f=11&t=937

Cobra, I love Tomsky, but let's note that (unless a meteorite strikes, the Chinese overthrow their governement, a virus kills millions, global warming goes parabolic) his scenario is highly unlikely. Note too that he shows his scenario with INDU.

As I said: I like the guy, but at the moment momentum suggests that the market is going to continue upwards:

[TWT]

$SPX: It is not clear yet that this is the wave (C) of a Triangle

[Cobra]

sorry, just noticed a mini rebound target, too late.

[Cobra]

tomsky had a good post here on our investors lounge. Don't forget we now have Investors Lounge forum viewtopic.php?f=11&t=937

Cobra, I love Tomsky, but let's note that (unless a meteorite strikes, the Chinese overthrow their governement, a virus kills millions, global warming goes parabolic) his scenario is highly unlikely. Note too that he shows his scenario with INDU.

As I said: I like the guy, but at the moment momentum suggests that the market is going to continue upwards:

monthmom.png

You're welcome to post your long-term view there. I'm trying to promote the Investors Lounge forum.

[Cobra]

indeed pullback was bought. I see channel here and I'm neutral. wait.