08/18/2015 Live Update

[MrMiyagi]

spy

qqq

[MrMiyagi]

Weak today

[Cobra]

double top text book target which usually I don't believe.

[fehro]

SPX .. cover partial here at 20d/50d

[Cobra]

another target I don't believe. exceeds it then this bear shall have legs.

[BullBear52x]

LH from it is what it is department.

[BullBear52x]

Sideways to down, fear is hitting the market again.

[fehro]

SPX 20d/50d holding .. VIX still short of 50d.. everyone else under 20d RUT < 200d

[fehro]

SPX ... possible bearish rsing wedge.. not sure if we need one more trip up in it.. 2075 measured move we break near here SPX >20d/50d <20w 2100

[fehro]

SPX 60m.. trying to hammer on support 20m to go.. another H&S messy yellow.. 5m should we take out LOD target 2086 .. 20d/50d still strong support 2095

[jungle trunks]

Refined wedge channel. I think it may stay in this channel until Fed minutes released, or further collapse of China market?

[Al_Dente]

Backtesting the breakout
Here’s what to note if (IF) we convincingly break the wedge (breaks downward 69% of the time)
http://thepatternsite.com/risewedge.html

[Al_Dente]

Refined wedge channel. I think it may stay in this channel until Fed minutes released, or further collapse of China market?

good eye, thanks

[fehro]

/CL pops. oil as per yesterday.. look for a short covering rally...

[Cobra]

partially fulfilled target. maybe bears are over, not sure.

[BullBear52x]

next sell wave will be the first trend following sell. The proper way based on my book

[fehro]

SPX wedge edge holding.. for one more trip up.. ABCDE... but we break.. look out below! retesting neckline SPX 5m possible resistance here..

[Cobra]

if this pullback cannot make new low, then good chances bears are over, so key time.

[Al_Dente]

Everything’s fine now
“Housing starts near eight-year high…”
“The steady flow of upbeat economic reports has bolstered views that the Federal Reserve will raise interest rates in September.”
First you gotta get a permit, then you start building, which is why PERMITS are a leading indicator because they lead the way
http://www.reuters.com/article/2015/08/ ... 9B20150818

[fehro]

seat belts on... possible sharp drop coming