12/11/2015 Live Update

[BullBear52x]

Here's the chart, same playbook until it fails.

[MrMiyagi]

Dell,
I asked last week, asking again, what are you trading to go in and out with dime-to-quarter dollar moves?

[Al_Dente]

[bimmerbob]

Forum emotions are starting to feel like a bottom is getting put in now. We done a full ABC correction, and now people are starting to get panicky. They should have felt that way at the start of wave A down near the upper bb, not after wave C down has run for a bit down to the lower bb.

A great way to get wrecked is to short the lower bb. We're there right now. Its time to be bullish.

I think I say this every time though and I still see it happen. People go mega bear right about now when its the last thing they should be doing.

....makes sense, but are you referring to a particular timeframe - it's just that it been riding the lower bb in several timeframes for a while now.......

[fehro]

TLT trying.. pushing over multi month downtrend.. >20d>50d>200d>20w.. 50w @ 124.30

[ALdaytrade]

Building a H&S on the one minute $SPX?

2007 target?

[Al_Dente]

PDO (pretty dammm oversold)
In the recent past (back to july – not on this chart), the oversold conditions lasted a few hours to a couple days before recovering
[red boxes]
60 min
(you guys go first … I’ll wait a smidge….)

[Unique]

ES: Hourly extreme oversold "A+ Tier" confirmed. Invalidates under 1995, target 2054.

Risk 14 for 45 if enter at 2009. Risk 5 for 54 if enter at 2000.

Again, have a great weekend!

(More info in my Dec 6 Weekend KISS report for the "A+ Tier" definition)

[uempel]

Update:

[Al_Dente]

What's with the higher lows Henry?

[MrMiyagi]

spyX

[Cobra]

double bottom breakout.

[fehro]

SPX .. yeah.. not sure.. hourly weak.. 30m a tad ugly.. candle wise. 2 min to go..

[DellGriffith]

Dell,
I asked last week, asking again, what are you trading to go in and out with dime-to-quarter dollar moves?

Just some options on SPY.

[kongen]

Building a H&S on the one minute $SPX?

2007 target?

That is, indeed a beautiful H&S. However, these are more useful in a topping market, much less so in a declining mkt.

[MrMiyagi]

Just some options on SPY.

I use SPY options as well but the spread needs larger moves in the ETF than 10 cents or so, how far out do you go and is it ITM? OTM?

Just curious.

[fehro]

SPX hourly not pretty.. 4m to go.. leaning more to the downside.. 1995 next level / gap

[MrMiyagi]

!!! POWER HOUR !!!

[Cobra]

!!! POWER HOUR !!!

[MrMiyagi]

spy