01/13/2015 Live Update

[Royal Flush]

Remember that it is Op-Ex week and SPY Max-Pain is 204.

[Out of Bounds]

I'm surprised any market analyst would be bearish with these conditions. Low inflation, low interest rates, low price of oil not backed by fundamentals but speculation. It is truly the best case scenario.

Most of my indicators are about where they were in March 2009...at the market bottom.

We're just waiting for the buying floodgates to open and maybe they have started today.

No consideration at all for valuation?

[Heck]

QQQ JAN 17 2015 103.00 C - 10:18:39
Sold to Close @ $1.06

Reason for sale of calls:

ISE ALL, EQUITY, INDEX
below 100%, bearish for both overvalued and undervalued options

https://www.ise.com/market-data/isee-index/

[CaStorm]

Does solidating here mean more up?

[KENA]

So far the BPSPX is still below 70 at 69.20. This indicates so far that it is not buying this pop up. But lets see.

[fehro]

from the fwiw dept.. thought RUT pattern looked a tad familiar.. http://thepatternsite.com/3peaksdome.html

[grandeG]

That's a nice catch – thanks fehro

from the fwiw dept.. thought RUT pattern looked a tad familiar.. http://thepatternsite.com/3peaksdome.html

[Mr. BachNut]

Bearish wedge or bullish continuation triangle... poison picking time soon.
Either of these patterns can offer some more confusing flip flops over the next few days.
Clarity probably comes next week after European event flow.

Bearish wedge in blue/orange. Bullish continuation triangle in magenta/grey.
I am not an elliott waver but have used the nomenclature to label possible move structures.

With the wedge, a break of Friday's high would suggest a move to a final high is underway.
The wedge is sufficiently big that completion would suggest targets that could test the October low.
A bunch of PBars got stranded down there.

With the triangle, good form would suggest another lower high and higher low could percolate before an upside break.
The triangle may be sufficiently wide to suggest a target that aligns with that lofty 220.25 P Bar. (I think I saw one but could be wrong.)

It seems like longer time frame traders can either wait for a breakout or fade the edges of the formations with tight stops.

[Out of Bounds]

from the fwiw dept.. thought RUT pattern looked a tad familiar.. http://thepatternsite.com/3peaksdome.html

As grande said, nice catch. I'm saving this.

[Cobra]

range (green and red), wait for range break first.

[grandeG]

Last three trading days were big pops at the opening and range for the remainder of the day. I'm thinking we might have a repeat for the same today.

range (green and red), wait for range break first.

[KENA]

from the fwiw dept.. thought RUT pattern looked a tad familiar.. http://thepatternsite.com/3peaksdome.html

Hi fehro..I used to follow this the 3 Peaks and Domed House but the interference of the fed over the past few years thru the timing off and was of no use. Maybe some time in the near future this will be back inline with the mkt and be of some use again.

[fehro]

possible channel surfing.. SPX .. red/green or *red/cyan triangle.. for possible expiration this week.. chop?

[Cobra]

double top? you got to be kidding me, nowadays double top is mostly fake.

[Cobra]

double top breakdown, also 1st time testing ema20, so suppose would be bought.

[Out of Bounds]

Wait, give me a minute.

[Out of Bounds]

Had to dust it off.

ra.png (1.58 KiB) Viewed 9246 times

[Cobra]

vol surge, should see rebound here first then we'll see. the pullback supposed to be over here, let's see.

[Cobra]

Had to dust it off.

The attachment ra.png is no longer available

[soku]

possible channel surfing.. SPX .. red/green or *red/cyan triangle.. for possible expiration this week.. chop?

still confused at this moment. all i can think of is this triangle seem bearish to me. this is the first oe in 2015. let's see how it goes.