04/15/2013 Live Update

[BullBear52x]

Wow... we have been so used to seeing dips bought, this is unexpected..
WHERE IS BENNY????????????????????

He will show.

[Unique]

ES 1556 is the lower breakout throwback retest pivot, but we overshotted today's SPY logical target already (the 156.9ish gap fill)

SPY next level is 156.00, give or take 10 cents.

Don't see real bears yet that violates intermediate trend, have to treat this as the throwback of the breakout still.

Im looking at a long with SPX at 1560,50 does that fit into what your saying?

Yes, I have the pivot line at 1561 SPX. That would be the logical region for bulls to step in for a "smart" buy the dip

Time for a hero buy. Risk 20 cent SPY / 2 handles for infinite bulls swing bounce

This is the region where the throwback must hold....for bulls

[flrtrader]

Long 1556.50

[BullBear52x]

see hourly RSI, I am not bullish but with the reading of low 10s there got to be some bounce for scalpers.

[flrtrader]

see hourly RSI, I am not bullish but with the reading of low 10s there got to be some bounce for scalpers.

Sound retarded here but I'm looking for a gap fill at 1581 then back down below here.

Positioned for it but fingers crossed

[MrMiyagi]

There was an intraday p-bar down at 155 on SPY...

I don't have that.

[Cobra]

volume surge, so another rebound due here, then we'll see. not sure if this rebound would be sold EASILY.

[Unique]

see hourly RSI, I am not bullish but with the reading of low 10s there got to be some bounce for scalpers.

Sound retarded here but I'm looking for a gap fill at 1581 then back down below here.

Positioned for it but fingers crossed

Best bet intraday is for the to bounce back to 1564 for a 1 handle risk 7 potential profit trade (since we've reached my Extreme Oversold Signal on hourly RSI)

1556.5->1563.5
-1555.5 stop
Risk 1 for 7, might get lucky for being a hero...

We need 5min reversal candles now, be best if hourly forms a bullish hammer

[BullBear52x]

see hourly RSI, I am not bullish but with the reading of low 10s there got to be some bounce for scalpers.

Sound retarded here but I'm looking for a gap fill at 1581 then back down below here.

Positioned for it but fingers crossed

Best bet intraday is for the to bounce back to 1564 for a 1 handle risk 7 potential profit trade (since we've reached my Extreme Oversold Signal on hourly RSI)

1556.5->1563.5
-1555.5 stop
Risk 1 for 7, might get lucky for being a hero...

We need 5min reversal candles now, be best if hourly forms a bullish hammer

when everyone is on the same page that's when bad thing happens

[flrtrader]

We need 5min reversal candles now, be best if hourly forms a bullish hammer [/quote]


Got on on the bottom when I went in On My charts?

Sorry!! 5min hammer does that count! Slapping head

[Unique]

see hourly RSI, I am not bullish but with the reading of low 10s there got to be some bounce for scalpers.

Sound retarded here but I'm looking for a gap fill at 1581 then back down below here.

Positioned for it but fingers crossed

Best bet intraday is for the to bounce back to 1564 for a 1 handle risk 7 potential profit trade (since we've reached my Extreme Oversold Signal on hourly RSI)

1556.5->1563.5
-1555.5 stop
Risk 1 for 7, might get lucky for being a hero...

We need 5min reversal candles now, be best if hourly forms a bullish hammer

when everyone is on the same page that's when bad thing happens

Don't see anything wrong for those that made 15-20 handles or more today and risking 1 handle for a countertrend swing, seems like a good R/R to me

[Al_Dente]

SSO renko 5min

[MrMiyagi]

Consolidation good for bulls here?

[flrtrader]

If we can get over 1561 this thing will fly

[MrMiyagi]

If we can get over 1561 this thing will fly

You mean under?

[TraderGirl]

There was an intraday p-bar down at 155 on SPY...

I don't have that.

I my weekly chart is showing some negativity into tomorrow...so wondering if we hit it tomorrow sometime...or on Friday....??

[Unique]

If we can get over 1561 this thing will fly

Buddy, I think we're good to go if scalpers come in and squeeze this shit

[BullBear52x]

see hourly RSI, I am not bullish but with the reading of low 10s there got to be some bounce for scalpers.

Sound retarded here but I'm looking for a gap fill at 1581 then back down below here.

Positioned for it but fingers crossed

Best bet intraday is for the to bounce back to 1564 for a 1 handle risk 7 potential profit trade (since we've reached my Extreme Oversold Signal on hourly RSI)

1556.5->1563.5
-1555.5 stop
Risk 1 for 7, might get lucky for being a hero...

We need 5min reversal candles now, be best if hourly forms a bullish hammer

when everyone is on the same page that's when bad thing happens

Don't see anything wrong for those that made 15-20 handles or more today and risking 1 handle for a countertrend swing, seems like a good R/R to me

I am not worry, just saying when everyone in the same boat it's never good.

[Unique]

I think "everyone" was short/hedge short since Friday it seems...Market is only fun when there's two way roller coasters, BIG $$ washing

[flrtrader]

If we can get over 1561 this thing will fly

You mean under?

No over 1561

Im long Sir