08/28/2013 Live Update

[TraderGirl]

thanks now potential this is wave "a"...

So does that mean down now or down at “a” 164.50

I’m going with 165-ish where we may double top and fail to fill the gap
[thanks to TWT’s 11:21am chart]

not sure if this is the correct count we'll see but i'm watching both of these...XIV looks like it's in a bullish pattern..a price breakout and we go higher...

[Al_Dente]

not sure if this is the correct count we'll see but i'm watching both of these...XIV looks like it's in a bullish pattern..a price breakout and we go higher...

Thx boss
Here’s my fib on spy
xiv is orange behind spy; it’s lagging
TWO MIN intraday only

[Cobra]

only when pullback exceeds the mini target we can seriously consider bears, otherwise this bull has legs.

[BullBear52x]

/ES is getting stronger, buying is still alive and well here.

[fehro]

SPX 5m

[Al_Dente]

only when pullback exceeds the mini target we can seriously consider bears, otherwise this bull has legs.

http://www.youtube.com/watch?v=Rpq5vDccLTg

[ALdaytrade]

thanks now potential this is wave "a"...

So does that mean down now or down at “a” 164.50

I’m going with 165-ish where we may double top and fail to fill the gap
[thanks to TWT’s 11:21am chart]

not sure if this is the correct count we'll see but i'm watching both of these...XIV looks like it's in a bullish pattern..a price breakout and we go higher...

Thank you for all of the charts! Great call yesterday, Trader Girl!

[MrMiyagi]

VIX at the day's low and TRIN at 0.65.

[TraderGirl]

thanks now potential this is wave "a"...

So does that mean down now or down at “a” 164.50

I’m going with 165-ish where we may double top and fail to fill the gap
[thanks to TWT’s 11:21am chart]

not sure if this is the correct count we'll see but i'm watching both of these...XIV looks like it's in a bullish pattern..a price breakout and we go higher...

Thank you for all of the charts! Great call yesterday, Trader Girl!

Your welcome...

Ok, now may see a pullback of some kind...XIV in a potential channel while count on SPY looks complete for "a"...but intraday chart still indicates pullback would be bought...?? we'll see...

[uempel]

This system was extremely reliable last week - it suggests that SPX target is at 1645

[BullBear52x]

heading down before RSI max out on 5min. will have to chase later eh?

[TraderGirl]

This system was extremely reliable last week - it suggests that SPX target is at 1645

44.png

Thanks uempie!!

[BullBear52x]

a little shy on projection target.

[Al_Dente]

Looks like a “V” formation on spy
In a classic “V” formation, price will tend to duplicate the preceding downtrend leg
http://thepatternsite.com/vtopbot.html

[TraderGirl]

this chart suggests that a top in oil and a low in TLT is near each other....trade inversely....

[TraderGirl]

UCO broke out and got a new high as expected...but I sold my UCO shares before that happened Anyways...getting higher highs on neg d, while also creating some gaps below...and UCO sometimes (but not always) has a tendency to fill the gaps, so I sense a pullback coming, so anyone long here should "mind the gap"...so we will have to see how the price action goes from here...but oil can outperform near tops in the market...

[BullBear52x]

selling /ES chasing oyeah!

[MrMiyagi]

.... so I sense a pullback coming, so anyone long here should "mind the gap"...so we will have to see how the price action goes from here...but oil can outperform near tops in the market...

Oil's predictability is a little off at this time; a little party thing happening in Syria and surrounding countries...

[BullBear52x]

.... so I sense a pullback coming, so anyone long here should "mind the gap"...so we will have to see how the price action goes from here...but oil can outperform near tops in the market...

Oil's predictability is a little off at this time; a little party thing happening in Syria and surrounding countries...

yeap, war and nature disaster is never priced in the chart. WDIK?

[TraderGirl]

.... so I sense a pullback coming, so anyone long here should "mind the gap"...so we will have to see how the price action goes from here...but oil can outperform near tops in the market...

Oil's predictability is a little off at this time; a little party thing happening in Syria and surrounding countries...

You are right, but technicals and wave counts matter...I did not know about Syria when I originally posted this count of a potential wave 5 to a higher high, but the wave count looked like it was ready for that along with the technicals...??? we'll see what happens next....??