08/28/2012 Live Update

[737controller]

Gap closed (?) Maybe a bear raid to start the morning?

trading jackal,
Do you have an email to ask you a question? Did not see one on your site and don't want to break any rules on here. Thanks

[TraderGirl]

DJT almost completed 5 waves down....could be a trough this morning...

[TradingJackal]

Cometh the bear raid?

[heavenskrow]

All energy charts at resistance
http://heavenskrowinvestments.blogspot. ... nergy.html

[TradingJackal]

Gap closed (?) Maybe a bear raid to start the morning?

trading jackal,
Do you have an email to ask you a question? Did not see one on your site and don't want to break any rules on here. Thanks

Wow! Now you are scaring me! [email protected]

[jdow]

IWM is very close to busting previous day's high

Now heading to yesterday's low... -but as I type check out the 5 min dojis

[Unique]

Time to buy SPY calls soon

Channel lines support + Oversold

Lets see if lowballing would work today..

[Cobra]

strong down leg, so maybe it's 2 legged at least? not sure.

[CMT]

$VIX just blasted through a nice support bar of 16.50 since the beginning of August. I like it!

[Al_Dente]

Momentum Block:
Momentum picture mixed, currencies and global markets Bearish, US markets in buy zone but ES is barely holding in the buy zone.

THANKS HARAPA
I have agree sell here, just on vixens
AD is “chop” with bear bias at the mom

[Petsamo]

IWM is very close to busting previous day's high

Now heading to yesterday's low... -but as I type check out the 5 min dojis

SPY busted yesterday's low very quick

[Harapa]

I have agree sell here, just on vixens
AD is “chop” with bear bias at the mom

828vixens.png

Ditto

[TraderGirl]

Like I said in my weekend post, weakness beginning of week, but then my charts say up into around 6-8th....

[CarlosDK]

Possible 30min head and shoulders targets 1370 SPX ?

[Mr. BachNut]

Long and Short for a small net long.
I got a sell signal at the close yesterday based on the rate of change in the McClellan Summation Index.
This signal has mixed results but has the ability to catch turns early before the new trend is clear.
Given that we are near important highs and resistance, this orients me more defensively.
My composite technical trend indicator remains bullish but has started to deteriorate a bit.

On another note, it looks like Draghi canceled his trip to Jackson Hole and the scheduled speech for Saturday. So, it will be up to Ben to supply the juice.

[OverUnder]

Dollar index futures

[Harapa]

VIXIES update:
ST: Sell
INT: Moving to Sell, signals to sell in M60 will materialize at the end of this hour.
VIXIES indicate heavy hedging activity. If professional have hedged there PF, why would they care if market goes down plus they have no incentive to keep it afloat.

[TradingJackal]

Are we looking at a diamond here? If this is a continuation diamond, then the 100% target is touch of 1400 on SPX. The 61.8 fib is 1399 on ES.

[Al_Dente]

I have agree sell here, just on vixens
AD is “chop” with bear bias at the mom

Ditto

My CCI 168 on $ONE:$VIX hit minus -272
I’m thinking it can’t get much lower than that (?) and had to bounce (?) even tho no pos diverg yet
Q: how low have you seen cci 168 ?
hmmmmmm cci 168 on XIV (freestockchrts) didn’t get low at all….. only on inverted vix on stockcharts

[Cobra]

fib info. rebound is strong, so maybe no 2nd down leg anymore. not sure.