08/21/2013 Live Update

[fehro]

SPX 60m

[uempel]

Targeting the lower red support?

[BullBear52x]

The dead lion is really gone dead

[gappy]

minute is out. I really don't understand actually, it's old news, why market takes it seriously.

Just the algo's poppin off. MM vote manana.

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[uempel]

minute is out. I really don't understand actually, it's old news, why market takes it seriously.

Whatever direction it initially shoots.. It then will go make a nice strong move the opposite direction.. Hence I am long now

[Al_Dente]

Anyone got the text from the minutes yet?

http://www.federalreserve.gov/monetaryp ... 130731.htm

[Cobra]

nothing to say, wait for dust to clear first.

[fehro]

SPX 60m another look

[TraderGirl]

SPY....I sent this chart to some about 10-15 minutes ago...so this could be wave ii of wave 3...so don't get too bullish here....

[BullBear52x]

the first spike down was a warm up, it will head there again 2x

[L_T]

Anyone got the text from the minutes yet?

http://www.federalreserve.gov/monetaryp ... 130731.htm

Just should have waited for your post. You always put that stuff up, with bullet points and all caps, which in my opinion makes it feel more news-bulletin-ish and important!

[Daniel-David]

Huge smackdown in emerging market equity ETFs today, several key ones incl EEM down >2%, and 1%+ of that since the open.

[daytradingES]

bb: target for push 2??

[kongen]

minute is out. I really don't understand actually, it's old news, why market takes it seriously.

You may have answered your own question: Since there is no change from FOMC, the market is just continuing to correct.

[BullBear52x]

Huge smackdown in emerging market equity ETFs today, several key ones incl EEM down >2%, and 1%+ of that since the open.

That's what happen when they fail to hold on 50 DMA, watch SPX will do the same, fund managers big or small, 50 DMA is their bible since they spend time at the beach most of the day.

[BullBear52x]

bb: target for push 2??

2x bottom intraday test.

[Daniel-David]

A caution to intraday bears-- the Up/Down volume ratio on NYSE has been improving since the first spike down after release of minutes... and SPY has again returned to VWAP (ca 165).

[Mr. BachNut]

minute is out. I really don't understand actually, it's old news, why market takes it seriously.

Whatever direction it initially shoots.. It then will go make a nice strong move the opposite direction.. Hence I am long now

Snuggling up profit stop on short.

[Al_Dente]

This hourly red-selling-volume bar is usually good for a bounce of at least a couple/few bars
BUT THE 60min BAR HASN’T CLOSED YET
See green arrows on volume
FWIW

[Richarab]

lets go test the highs finally....