01/21/2016 Live Update

[DellGriffith]

In the last 13 trading days, SPY has only printed 3 red candles. I don't know if I've ever seen that before in a crash.

[josephli]

pattern seems bullish. 11am oil inventory report. potentially market mover.

almost have recovered all losses from yesterday , 500+ point swing, think u can call this V lookin....

There was momentum divergence, so not a V in my book. but yes, quite impressive for the rally.

[josephli]

day high may have been in.

[DellGriffith]

Saw a few people calling for a market drop after the oil report at the top of the hour (11AM EST). Looks like some movement down.

[josephli]

key time. bull must break resistance. otherwise will test day low. potential extreme OB in the forming.

[josephli]

JPY on the move, resistance likely break.

[josephli]

LEt's see whether JPY can decisively break 117.5

[josephli]

penny away from gap.

[1der]

187.83 and 188.00 Pbar's hit, Next higher PBar is 188.82 (seems optimistic)

[josephli]

187.83 and 188.00 Pbar's hit, Next higher PBar is 188.82 (seems optimistic)

if the resistance break that seems imminent.

[josephli]

SPY big surge. Bear beware.

[DellGriffith]

Same people that called for drop after the oil report say this is just some rattling around before the drop. They are still bearish. I have no position atm.

[uempel]

Checking channels on long term daily chart:

(There was a typo in the chart, now it's corrected.)

[K447]

Checking channels on long term daily chart:

87.png

1892 or 1982?

[uempel]

Checking channels on long term daily chart:

87.png

1892 or 1982?

Oops: my typo, of course it's SPX 1882

[fehro]

SPX struggles at resistance… hourly.. inverted hammer… way too early.. VIX still holds up.. seems a pullback is coming question is how far down, or sideways downdraft chop

[josephli]

SPX struggles at resistance… hourly.. inverted hammer… way too early.. VIX still holds up.. seems a pullback is coming question is how far down, or sideways downdraft chop

in the past bull will try another push up from here. let's see whether they can make it.

[brokebybernacke2]

price volume div/ point to bounce, and kiss of 4B on volume, gee at least for one more day...

[fehro]

SPX struggles at resistance… hourly.. inverted hammer… way too early.. VIX still holds up.. seems a pullback is coming question is how far down, or sideways downdraft chop

in the past bull will try another push up from here. let's see whether they can make it.

down before up would be better for the bulls.. imho .. invs H&S vs a bearish rising wedge.. overall.. talking 2days (RS)(invs H&S) -4 days (bear wedge) time frame.. fwiw.

[TraderGirl]

after hours p-bar...miyagi, do you have anything that would match this?? Don't know if it's already considered tagged in the after-hours session....??