08/28/2013 Live Update

[fehro]

should we pull back here... SPX 5m... if not the neckline could be higher...or the bearish wedge could bigger..

[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....??

Here is my original post: viewtopic.php?f=2&t=1020&start=60#p138705

where I posted this chart suggesting a wave 5 up...I don't think news on Syria was happening at that time...

[ALdaytrade]

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

828spy two_png.png

Thank you for this chart! This is interesting, do you notice that stocks lead the commodity price? Well I guess, from looking at this chart, XIV leads the $VIX in price.

[fehro]

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

The attachment 44.png is no longer available

yes.. and could be a neckline retest.. I know not a great pattern... but there it is

[Cobra]

too shy of mini pullback target, so bull flag, the bias is up.

[MrMiyagi]

SPY still has upside-pBars.

[KENA]

Hi Miyagi..Did you get these P bars dn to 163.40 at 1 pm and 1:35 pm..If not watch ..Sometimes I get them and you don't and you do and I don't..But anyway GT.

[Heck]

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...

Brilliant call & chart TG
Another look:

http://stockcharts.com/freecharts/perf.php?USO,TLT

[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

828spy two_png.png

Thank you for this chart! This is interesting, do you notice that stocks lead the commodity price? Well I guess, from looking at this chart, XIV leads the $VIX in price.

xiv usually leads spy
and then sometimes it doesn't
but it always catches up (or down)

[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...

Brilliant call & chart TG
Another look:

http://stockcharts.com/freecharts/perf.php?USO,TLT

thanks....nice chart....so could there be a top in Oil and bottom in TLT nearby?? we will have to see how price plays out into the end of the year...

[TraderGirl]

SPY still has upside-pBars.

Charts indicate early weakness tomorrow...so longs could be closed out by eod....

[Cobra]

2nd test of day high. key time. failure would mean double top.

[BullBear52x]

like what I see

[fehro]

SPX 5m

[Cobra]

double top. first crack of today's bull which far from over yet though.

[MrMiyagi]

double top. first crack of today's bull which far from over yet though.

What's far from over, the crack or the bull?

[ALdaytrade]

This is what happens when it is announced that President Obama is about to speak!

Oh wait, it is the 50th anniversary of something on the 28th? Stupid "bots".

[BullBear52x]

1630-31 /es

[daytradingES]

SPY still has upside-pBars.

Is that not a down-side P-bar Mr. M?

[MrMiyagi]

Is that not a down-side P-bar Mr. M?

Well that one is, just reminding that there are upsides still open from prior days.