02/05/2016 Live Update

[Al_Dente]

The "problem" with yesterday’s tick (green/red area, top panel) is that it went seismic (up down up down), which is the “perfect” visual description of chop/range
Note that is not the case today, red
Triangle target met, oversold again
5min

[josephli]

Gold in a big down channel. I would like to see a capitulation or definite break out to long. I don't watch gold that often and closely so if I trade gold my horizon is much longer.

1175 next key level.. monthly "neckline" then may retest breakout level.. but longer term target then becomes $1300 M/W

True, it is possible the bottom may have been in, need break out to confirm. if not there will be a break down from channel, possibly the last leg down.

[josephli]

I was stubbornly bullish yesterday, not any more.

any reason you believe it was very bullish yesterday? i don't see an edge on either side.

[BullBear52x]

I was stubbornly bullish yesterday, not any more.

any reason you believe it was very bullish yesterday? i don't see an edge on either side.

intraday. what do you use for internals, we can talk the same page.

[Al_Dente]

Different picture of the TICK, CUMULATIVE, bottom panel, 2 min, 2 days
Yesterday chop chop chop
Today down down down

[fehro]

SPX .. gap is soooo close

[BullBear52x]

Here if we want to be critical on trending on sideways market. LL, LH, HH, and HL

a breakdown will eliminate the hope of trend change. in bigger bearish trend.

[Heck]

Two/Three ISE Indices = UP
https://www.ise.com/market-data/isee-index/
Buying $SPX > 1880.47

[BullBear52x]

This is the chart I like best, a resistance at 50% but 61.8% could not hold a support it's troublesome for bullish camp.

[Al_Dente]

Yesterday $USD broke under 200dma
Gold miners like that

[josephli]

Two/Three ISE Indices = UP
https://www.ise.com/market-data/isee-index/
Buying $SPX > 1880.47

I realize you may be a contrarian trader then?

[josephli]

H&S build since last week.

[Al_Dente]

Art Hill this morning called this “Wrong Sectors Leading”

[jademann]

wow linkedin slaughter!

[Heck]

Two/Three ISE Indices = UP
https://www.ise.com/market-data/isee-index/
Buying $SPX > 1880.47

I realize you may be a contrarian trader then?

Yes
Contrary to ST Sentiment to enter with primary trend

[Cobra]

members only update at 12:12 pm
http://www.cobrasmarketview.com/2016/02 ... ay-update/

[Al_Dente]

“Eighty percent of trading range breakout [breakdown] attempts fail. It is more likely that every move up and down will reverse
than breakout [breakdown].” [Al Brooks]

“Bears put their pants on one leg at a time.” [Pasta]

First we test the triple bottom [Cobra].
Break that and we can confirm the next target for breaking what was also the neckline of a H&S [BB52x].
Doing all of the above without bouncing is unlikely.

[Cobra]

1st test of ema20 in 2 hours, should be some sellers here.

[TraderGirl]

5 waves up on the 1 minute....

[fehro]

Zuck, not having a good day.. FB daily testing 50d 103.54

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