08/01/2016 Live Update

[skittlesmds]

Short ES at 1700, looking for 1696. Stop at 1701.5. Feels a little overextended. Looking for a small scalp. *** Not a recommendation for anyone as the trend is up ***

[L_T]

Short ES at 1700, looking for 1696. Stop at 1701.5. Feels a little overextended. Looking for a small scalp. *** Not a recommendation for anyone as the trend is up ***

All done being an oil man?

[Al_Dente]

bottom panel
japan reversed on a BIG gap up

[KENA]

The institutional traders have been trying to break this triple top for a long time..If they break it the mkt will go much higher..They are the biggest buyers of the strong stocks..Looks like today may be that day..If so the mkt may go up to the 1730/40 level as I have said before and now maybe looking at 1750..Lets see

chart by stocktiming

[Mr. BachNut]

Neutral.

My summation index signal is neutral. It would turn down on a break of daily lows. (Not happening)
My composite trend indicator signal is up.

It took overnight but the bulls pegged 1700.
With short squeezing and performance chasing and POMO and some good economic news, seems like more up ahead.
I don't have a setup to put in a long here. Maybe in a few days if things continue.
My advance decline oscillator has been declining but perhaps it turns up here.

[fehro]

SPX 15m

[skittlesmds]

Short ES at 1700, looking for 1696. Stop at 1701.5. Feels a little overextended. Looking for a small scalp. *** Not a recommendation for anyone as the trend is up ***

All done being an oil man?

On the full-time basis yes; the crew (and I) was let go from Oklahoma about a month ago but I am doing some work on GIS mapping here from home. I get a couple of days per week and get to work from home and trade. I'm not saying that I wouldn't go on the road again but things have been good here.

[Al_Dente]

Short ES at 1700, looking for 1696. Stop at 1701.5. Feels a little overextended. Looking for a small scalp. *** Not a recommendation for anyone as the trend is up ***

All done being an oil man?

On the full-time basis yes; the crew (and I) was let go from Oklahoma about a month ago but I am doing some work on GIS mapping here from home. I get a couple of days per week and get to work from home and trade. I'm not saying that I wouldn't go on the road again but things have been good here.

welcome back skit

[daytradingES]

trying to estimate the high and have 1704.5 and 1701.25 ES as possibles.
Anyone have their own estimate that would confirm one?
Thanks

[Royal Flush]

The institutional traders have been trying to break this triple top for a long time..If they break it the mkt will go much higher..They are the biggest buyers of the strong stocks..Looks like today may be that day..If so the mkt may go up to the 1730/40 level as I have said before and now maybe looking at 1750..Lets see

inst%20pf.png

Thanks KENA, note the trend channel line overshoot prior to the reversal down: classic price action not evident on regular charts.

[Cobra]

H1 long on EMA20, not sure, as pullback is a little large so might need H2.

[fehro]

SPX 5m.. could be a minor H&S or triangle/bull flag

[L_T]

Just had to rebuild my profile on my PC here at work. Turns out when you do that you lose all your charts in freestockcharts.com. Not like I had dozens (over 100 maybe?) of hours into creating those.

[daytradingES]

Just had to rebuild my profile on my PC here at work. Turns out when you do that you lose all your charts in freestockcharts.com. Not like I had dozens (over 100 maybe?) of hours into creating those.

what is rebuilding a profile?

[Cobra]

h2 long, still not sure.

[Al_Dente]

Just had to rebuild my profile on my PC here at work. Turns out when you do that you lose all your charts in freestockcharts.com. Not like I had dozens (over 100 maybe?) of hours into creating those.

try this:
freestockcharts
top left > file
>open layout
then click whatever you named your layout

if that doesn't work, email freestock and ask them HOW to retrieve your charts
they are usually helpful

[Out of Bounds]

Short ES at 1700, looking for 1696. Stop at 1701.5. Feels a little overextended. Looking for a small scalp. *** Not a recommendation for anyone as the trend is up ***

That was a nice little catch

[fehro]

SPX 5m

[skittlesmds]

Short ES at 1700, looking for 1696. Stop at 1701.5. Feels a little overextended. Looking for a small scalp. *** Not a recommendation for anyone as the trend is up ***

That was a nice little catch

Thanks. Even though it didn't hit 1696 exactly; 1696.5 was close enough for me.

[Cobra]

it was a good H2 long. I'm neutral here. it's the 2nd test of day high so key time.