05/23/2013 Live Update

[uempel]

The attachment rut.png is no longer available

Checking in on BB13/1 I notice that DAX played out the same pattern as SPX today (so far). Price broke through the upper band (DAX today, SPX yesterday) and through MA13 too, but it didn't quite reach the lower band. I'm only showing the SPX chart here, I don't have a clean DAX chart (which shows an identical pattern).

By the way: 90 min ago DAX closed at the MA 13, which would be 1647.58 on the SPX

[BullBear52x]

let see what bears can do, I mean how many handle form 1648 /ES

[Cobra]

lunch time, will be back. I know what you guys thinking, a big movement while I'm away? I'd like that.

[Cobra]

[ALdaytrade]

BearWave.jpg

Cobra, is the bear waving goodbye or hello?

[Cobra]

2nd leg down as expected. possible H&S Top which I don't know as it mostly don't work. real lunch time now, will be back.

[TWT]

$SPX: I would not rule out a more complex wave (B). ATM possible H&S target 1643

[BullBear52x]

look at hourly candles for clear view of why bears may have more than a few handles

[toddymc]

Obvious resistance area...

[uempel]

The bigger picture:

Here a close-up of the same chart

[quatzl]

look at hourly candles for clear view of why bears may have more than a few handles

Thank you for posting that. Its good to be reminded to look at the higher time frame.

[Al_Dente]

Note that the signal points to a few minutes before 12:30 p.m. - I guess it's about 12:23 p.m.

perfect timing boss

[TWT]

$VIX: Zooming in the Triangle idea

[BullBear52x]

look at hourly candles for clear view of why bears may have more than a few handles

Thank you for posting that. Its good to be reminded to look at the higher time frame.

When my money is on the line, there is no rock left unturned.

[Cobra]

H&S top text book target. not sure.

[uempel]

Looking at a channel. I've got a slightly bearish/sideways bias for the next few days. Bye guys

[TWT]

$SPX: possible short term scenario

[Cobra]

failed H&S Top as expected. here's the possible new target.

[joegamma]

wash-rinse-repeat....what cycle is the machine in now?

Thanks to DaKing for reminding: first dip bought, look for reversal of reversal of reversal......
is Rusl getting backup to 9830 or 9850 before we go on holiday?

Anybody real bearish at these levels for next 1.5 day?

I am thinking volatility looks like 2 black candles (see mid to late december 2012), then spike (spy plunge) again next week?

still a bit long.....

[MrMiyagi]

We're never going down again!!!! Only attempting to.....