10/05/2015 Live Update

[hunterman]

Jmho BUT if the fruit decides to shake off citi's cut to the sales of iphones and joins this party we may not get that pullback? I understand u all daytrade. But I am in for the swing this time...sure would like to know outcomes of those islands popping up! Last time I got one was tlt and made nice profit til I bailed out (prob) one of my better moves lately! Glta

[uempel]

Last week's break of SPX MA 20 and positive Bullish Percentages are bullish (see chart), but there is huge resistance in the SPX 1980/2020 area ...

[Unique]

AMZN 535 target fulfilled

GOOGL 660 target fulfilled

All out, 10% remaining trail.

AMZN, major resistance at 542.5-543

GOOGL, major resistance at 667-669

Both are entering hourly extreme overbought signal region like ES

[uempel]

RSI on SPX 120 min suggests that the rally might be close to its end

[Heck]

ISE Indices/ETF Index Bullish

https://www.ise.com/market-data/isee-index/

[uempel]

DAX is up over 3 percent today and back in a very bullish long term channel. If DAX manages to close at this level - 1 hour to go - and doesn't fall back out of the channel bulls will be very, very happy

[fehro]

SPX.. possible downtrend resistance here.. mind the morning gap, 20d 1947.36, 50d 2000ish

[Unique]

ES hourly chart update

[Unique]

FWIW, I'm in the risk 5 for 15-30 ES trade. Shorted 1965.

[fehro]

ES hourly chart update

very similar... connect the tops.. and you have a downtrend on the 60m.. cyan channel right chart SPX500 symbol from TV = similar /ES

[Unique]

AMZN 535 target fulfilled

GOOGL 660 target fulfilled

All out, 10% remaining trail.

AMZN, major resistance at 542.5-543

GOOGL, major resistance at 667-669

Both are entering hourly extreme overbought signal region like ES

AMZN+GOOGL: Exited all long trails. Entered puts.

[MrMiyagi]

spyX

[DellGriffith]

If you want another 2011 analogue, after the waterfall event, p;rice chopped between the upper and lower bb several times before settling down, finding a direction and trending again.

[Unique]

AMZN 535 target fulfilled

GOOGL 660 target fulfilled

All out, 10% remaining trail.

AMZN, major resistance at 542.5-543

GOOGL, major resistance at 667-669

Both are entering hourly extreme overbought signal region like ES

AMZN+GOOGL: Exited all long trails. Entered puts.

AMZN + GOOGL countertrend immediate targets are 530 and 655.
I have tight stops above HOD since this is still a bull train, you never wanna be caught out.

[brokebybernacke2]

Last week's break of SPX MA 20 and positive Bullish Percentages are bullish (see chart), but there is huge resistance in the SPX 1980/2020 area ...

MA20.png

1970s have some good resistance, but lots of fed speakers this week, don't fight, bears revisit better up there in the low 2000s...cu there...

[fehro]

If you want another 2011 analogue, after the waterfall event, p;rice chopped between the upper and lower bb several times before settling down, finding a direction and trending again.

2011 vs 2015 fwiw.

[MrMiyagi]

qqqX

[Al_Dente]

GDX inverse H&S

[MrMiyagi]

SPY intraday double top?

[uempel]

Channel resistance: