12/11/2013 Live Update

[uempel]

Update:

[fehro]

SPX 15m on it's way to the H&S target mind the open gap lower

[fehro]

SPX 5m

[uempel]

KeiZai, I might long DAX 9030ish...

[koolblue]

Man, im a good analyst, but i suck as a trader... tried a buy at the 261.8 line and got crushed.. should have gotten short this am but we never got to my 261.8 upside(1806.25) Equality (1804.50) really is a bitch!.. Meanwhile even the dreaded 60 min chart has gone negative and its usually good for one to 3 days!

[KeiZai]

KeiZai, I might long DAX 9030ish...

I like long there too but not going to take it atm maybe long scalp tomorrow I think there is gonna be failed HnS breakdown aka bear trap (now testing the neckline)

[Mr. BachNut]

I'm trying to learn ...and the board is kind of quiet...so I was wondering....

Does it make sense that if SPY starts to go down in the next couple weeks...then a bunch of institutions that have made lots of money this year would sell to protect their performance into year end....and that would push market lower than it would 'normally' pull back to.

If that observation has some merit, could that overshot area be 1750ish?

Thanks...love to read ALL your posts...have learned lot....but have a LONG way to go

It can be a little tricky to judge. There is a bias to deferring realization of gains until the new tax year. There will also be an anticipation of a Santa Claus/window dressing rally. The institutions can also elect to buy the dip (now well ingrained behavior) to protect performance. So, while some profit taking is definitely in order, it can be tough to call how far it will go.

That said, I never really know what is going to happen anyway...

[joegamma]

seems a bit extreme on downside for now, some chance of I/I bullish divergence on 60 minute momentum charts, exiting smalls shorts, long a few 10 yrs,
Thanks all boardies for great charts!download/file.php?id=56166&t=1

[fehro]

VIX 15m

[fehro]

RUT daily crucial support.. loose it.... look out below

[Out of Bounds]

Evidently, my latest short closed at 179.80 (SDS $31.68) so my target was hit and I am neutral..

SNOG's slope has turned more negative

[koolblue]

This darn bats exchange prevents me from being exact on my spy numbers, but im going to go long soon if they can push it to 1789.00 on the Dec ES which is roughly equivalent to the 179.60 line i show on my earlier charts. meanwhile neg. picture remains.

[fehro]

RUT 60m.. watch out for the bear head fake... should we bounce on the slightly lower cyan... and make a bullish falling wedge.. if not.. things could accelerate downwards...

*RUT 50D SMA = 1105ish... cyan support..

[uempel]

KeiZai, I might long DAX 9030ish...

I like long there too but not going to take it atm maybe long scalp tomorrow I think there is gonna be failed HnS breakdown aka bear trap (now testing the neckline)

DAX-hh.png

Yeah, I'm disregarding the H&S anyway.

[fehro]

VIX daily... reclaiming it's 50d & 200d SMA atm...

[BullBear52x]

APPL could follow FXI foot steps.

[Cobra]

2nd test of day low, 50% chances of reversal as usual.

[uempel]

KeiZai, I might long DAX 9030ish...

I like long there too but not going to take it atm maybe long scalp tomorrow I think there is gonna be failed HnS breakdown aka bear trap (now testing the neckline)

DAX-hh.png

ZigZag on DAX targets 9020ish too...

[Cobra]

volume surge, might see rebound here first then we'll see.

[koolblue]

oK, ONE MORE TRY FOR ME...