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02/19/2014 Live Update
Re: 02/19/2014 Live Update
vol surge, might see rebound here first, then we'll see.
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BullBear52x
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Re: 02/19/2014 Live Update
watching 1832 on /ES intraday, bulls fail to defense that line it will be ugly.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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TraderGirl
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Re: 02/19/2014 Live Update
As expected price headed below "a", now let's see if price will get below wave 3, the alternate count which could be another 5 waves down for "a" again....transports still have not gone below "a", so still have chances this could turn into another impulsive wave down on SPY...TraderGirl wrote:At some point price could get lower than "a"....both SPY and FAS have similar counts....
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Re: 02/19/2014 Live Update
Hightower a.m. nat gas tout.
‘the petrodollar is our currency and our problem’....Gappy
Re: 02/19/2014 Live Update
Without some great news (US wins hockey Gold in Sochi 
) a break to the upside is unlikely. Let's wait for 2:00 p.m. - Fed notes might give some extra boost
or push the market south. I posted this long term weekly chart last weekend. The first time signal is triggered this week, the second one in a few weeks time.
) a break to the upside is unlikely. Let's wait for 2:00 p.m. - Fed notes might give some extra boost or push the market south. I posted this long term weekly chart last weekend. The first time signal is triggered this week, the second one in a few weeks time.
Last edited by uempel on Wed Feb 19, 2014 1:29 pm, edited 4 times in total.
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TraderGirl
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Re: 02/19/2014 Live Update
Now there looks to be another impulsive wave down for "a", so may or may not bounce, could morph into a different wave structure, but more down expected....TraderGirl wrote:As expected price headed below "a", now let's see if price will get below wave 3, the alternate count which could be another 5 waves down for "a" again....transports still have not gone below "a", so still have chances this could turn into another impulsive wave down on SPY...TraderGirl wrote:At some point price could get lower than "a"....both SPY and FAS have similar counts....
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Link to IMF release. I don't know how the Powers can read so fast....
Re: 02/19/2014 Live Update
another vol surge, so may see rebound here first then we'll see.
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TraderGirl
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Re: 02/19/2014 Live Update
the line has been tested 3 times so must be a support here. better a consolidation or rebound first here before attempt the breakdown otherwise the breakdown most likely would be fake.
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Re:
MrMiyagi wrote:Market dropped when IMF released a statement about emerging markets and more monetary support. I don't have a link to it..
Market dropped because it's banging its head into overhead resistance, couldn't stand the pain
Last edited by uempel on Wed Feb 19, 2014 1:31 pm, edited 1 time in total.
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TraderGirl
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Re: 02/19/2014 Live Update
Russell turned right on the money... (these are short term turns)...TraderGirl wrote:Potential short term cycle hitting on Russell...
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TraderGirl
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Re: 02/19/2014 Live Update
5 waves down for "a", so bounce and more down....potential price target may be at least 183.1...TraderGirl wrote:As expected price headed below "a", now let's see if price will get below wave 3, the alternate count which could be another 5 waves down for "a" again....transports still have not gone below "a", so still have chances this could turn into another impulsive wave down on SPY...TraderGirl wrote:At some point price could get lower than "a"....both SPY and FAS have similar counts....
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Re: 02/19/2014 Live Update
News from the street.
The S&P 500 has returned to its opening low after spending about an hour just below the 1845 level. The benchmark index saw a quick six-point dive from that level after the International Monetary Fund reminded investors that global growth remains shaky.
The S&P 500 has returned to its opening low after spending about an hour just below the 1845 level. The benchmark index saw a quick six-point dive from that level after the International Monetary Fund reminded investors that global growth remains shaky.