AMZN new HOD, if somehow this bad boy makes it back to 530...then we setting up for tomorrow.
Until then, I'm gonna skip this one for now since it seems a bit range bounded/shake fest
must be some very good news. vol surge, could be a pullback here first which likely would be bought.
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SPX 'possible' resistance here.. try a small short.. with tight stop.. mind the morning gap .. VIX support of sorts, sharp reversal on the 1m.. getting wild again
Unique wrote:Be prepared for the TSLA squeeze, they killed some stops this morning with the double bottom formation at 249.50 vs yesterday's 249.67 LOD.
If we trigger above 254.5, 255 - don't miss the train cuz I'm not yelling all aboard this time
Same fast squeeze target to 259-261, if uber bull then 270 for the gap fill. It is what it is
It looks like TSLA afternoon bull train is coming to a stop near you...will wait for it to trigger (244.5 and 255).
fehro wrote:SPX 'possible' resistance here.. try a small short.. with tight stop.. mind the morning gap .. VIX support of sorts, sharp reversal on the 1m.. getting wild again
thinking that 60m graph u have is way we go short term..
Unique wrote:ES: Trendline resistance chart from morning updated. How bullish can we go today? 1961, 1970? I want to see an hourly close above 1961.
BTW, if above 1964.25 then today is DAILY BULL ENGULFING candle
ES: It touched the trendline resistance, hourly closed as full bull bar. Inside bar now or straight continuation up to 1964.25 and 1970? This is bears last line of defense, so no failure allowed.
I missed the 1951 entry earlier so not gonna play this now with less meat left on the table...
fehro wrote:SPX 'possible' resistance here.. try a small short.. with tight stop.. mind the morning gap .. VIX support of sorts, sharp reversal on the 1m.. getting wild again
thinking that 60m graph u have is way we go short term..
which 60m? the bottom right? or left? . bottom left.. don't trust the break when so close to the vortex.. head fake imho.. the right one seems plausible.. as FOMC ends, and we head into Debt ceiling (Sept 30) trouble .. for more chop
Unique wrote:Fehro, feels like no easy money in Oil/CL until next month since it's an inside month... what's your take?
not sure here.. still feel the USD is under pressure, it's holding, popped over 200d again today.. still has possibility for a sharp down move.. I know sounds crazy... but if it does, you may see a good move in oil.. its coiling in a triangle of sorts... a tad messy W/D/60m
fehro wrote:SPX 'possible' resistance here.. try a small short.. with tight stop.. mind the morning gap .. VIX support of sorts, sharp reversal on the 1m.. getting wild again
thinking that 60m graph u have is way we go short term..
which 60m? the bottom right? or left? . bottom left.. don't trust the break when so close to the vortex.. head fake imho.. the right one seems plausible.. as FOMC ends, and we head into Debt ceiling (Sept 30) trouble .. for more chop
Unique wrote:Since 30m GOOGL bar was a perfect bull bar continuation, we might get an inside bar for this current 30m so bulls can reload/take some profits. I'm not gonna over trade this, stick with what I got.
Sorry if I'm posting too much
Unique, You NEVER post too much! Please keep posting!!!
Unique wrote:If GOOGL above 657.3 it will have fast and furious squeeze to 665-668, then 672-674 leg 2 target
Here's the updated GOOGL chart. We're only a few cents from the lower end of the 665-667 target from 657.3 trigger. That's a +$7.7 bull train gain for common stock and +50-70% for options.
668 is a major resistance so leave that for the rest of the week. Will be really surprised if daily closes above 668 on daily today.
P.S, GOOGL hasn't tested 5m 20EMA for the entire day yet, it's been a 5m 8EMA uber bull train so far. (Typically, 5m 20EMA retest is always a buy with trains like these...)
brokebybernacke2 wrote:
left.
why
peaked up above 2nd pivot resistance, clear skies above till about the 38.2 retrace from most recent highs... http://www.barchart.com/cheatsheet.php?sym=$SPX
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Unique wrote:ES: Trendline resistance chart from morning updated. How bullish can we go today? 1961, 1970? I want to see an hourly close above 1961.
BTW, if above 1964.25 then today is DAILY BULL ENGULFING candle
ES: It touched the trendline resistance, hourly closed as full bull bar. Inside bar now or straight continuation up to 1964.25 and 1970? This is bears last line of defense, so no failure allowed.
I missed the 1951 entry earlier so not gonna play this now with less meat left on the table...
ES update:
We got the hourly inside bar hourly now we have higher high, very good bulls. Now, if above 1964.25 (yest high) you should see a quick squeeze to 1970. This is last line of defense for intraday bears...so no failure allowed here