02/03/2014 Live Update

[Nrsimha]

SPX P&F

Daily/weekly P&F's can be very misleading for the short run. I don't have time now to draw a 60 min SPX, but whoever is at stockcharts can see how it looks in both trad and ATR (and publish it in Cobra's great forum...)

ATR:

SPXPF.png

"High Pole WARNING" is the death knell.

[fehro]

SPX P&F

Daily/weekly P&F's can be very misleading for the short run. I don't have time now to draw a 60 min SPX, but whoever is at stockcharts can see how it looks in both trad and ATR (and publish it in Cobra's great forum...)

ATR:

The attachment SPXPF.png is no longer available

I just like seeing where support/resistance are.. than "targets"... 60m P&F below.. but stockcharts only does ATR on interday:
ATR Period only applies when Avg True Range scaling is selected.
Box Size only applies when Percentage or User Defined Scaling is selected.
Intraday charts do not have Traditional scaling available and will use ATR scaling instead.

[BullBear52x]

After the fact, a look at last two bull trap. today they kill the dip buyers,

[Cobra]

rebound so far looks like a bear flag so the bias still is down.

[Mr. BachNut]

TRIN high up here suggests this move nearing its completion.
Should see daily with higher high and higher low in next few days.

Would you agree Mr. Dente?

[rhight]

Yesterday on the weekend update, I mentioned that my system issued a Buy at the close on Friday -
What I neglected to mention, is that the Buy clears me to execute a separate mechanical trade entry sequence ;
that mechanical sequence never executed, and today's lower low cancels my Buy, and resets a number of the indicators I use, and so now I wait for a new buy set-up to form ; that said, from my experience, today's sell-off will probably lead to a new buy opportunity within the next 6 days

This is for a swing to intermediate trade set-up, not day trade

[Cobra]

2nd test of day low, another key time. hopefully a small double bottom here. lunch time, will be back.

[KeiZai]

The selling is strong I am hoping for bounce here though....have to reload shorts

here is update on the plan but there is gonna be BIG damage in charts after today so I don't believe in this "plan" anymore...anyway my focus is on 1800-1812 atm

viewtopic.php?f=2&t=1195&p=153433#p153433

Another thing is I am nbot sure this is the bottom yet russell still has more room to go to 100% desc.triangle MM, was my prefered short candidate but I missed the entry

[gappy]

Nice to see a big dip. Daily.

Capture.PNG

[Mr. BachNut]

It's been so long since we hit my lower Keltner band, I have forgotten what it's like.
Seems reachable from here.

My MO is also getting back to oversold territory.

[BullBear52x]

The selling is strong I am hoping for bounce here though....have to reload shorts

here is update on the plan but there is gonna be BIG damage in charts after today so I don't believe in this "plan" anymore...anyway my focus is on 1800-1812 atm

viewtopic.php?f=2&t=1195&p=153433#p153433

SPX-32.png

Another thing is I am nbot sure this is the bottom yet russell still has more room to go to 100% desc.triangle MM, was my prefered short candidate but I missed the entry

Last buy on /ES hourly, until histogram running back into a red then a buy coupon will be expired.

[KeiZai]

The selling is strong I am hoping for bounce here though....have to reload shorts

here is update on the plan but there is gonna be BIG damage in charts after today so I don't believe in this "plan" anymore...anyway my focus is on 1800-1812 atm

viewtopic.php?f=2&t=1195&p=153433#p153433

SPX-32.png

Another thing is I am nbot sure this is the bottom yet russell still has more room to go to 100% desc.triangle MM, was my prefered short candidate but I missed the entry

Last buy on /ES hourly, until histogram running back into a red then a buy coupon will be expired.

If this 50back is not gonna hold things could get very ugly

[Al_Dente]

TRIN high up here suggests this move nearing its completion.
Should see daily with higher high and higher low in next few days.
Would you agree Mr. Dente?

Yes, especially if it closes > 2.0
Even then, it can take a day or two to reach a spy bottom
I like your wording """nearing""" ...

[BullBear52x]

The selling is strong I am hoping for bounce here though....have to reload shorts

here is update on the plan but there is gonna be BIG damage in charts after today so I don't believe in this "plan" anymore...anyway my focus is on 1800-1812 atm

viewtopic.php?f=2&t=1195&p=153433#p153433

The attachment SPX-32.png is no longer available

Another thing is I am nbot sure this is the bottom yet russell still has more room to go to 100% desc.triangle MM, was my prefered short candidate but I missed the entry

Last buy on /ES hourly, until histogram running back into a red then a buy coupon will be expired.

If this 50back is not gonna hold things could get very ugly

Cash SPY is still some room left, as i posted earlier on unfilled gap support that maybe a target.

[MrMiyagi]

2nd test of day low, another key time. hopefully a small double bottom here. lunch time, will be back.

You always go to lunch at the interesting parts...

[KeiZai]

The selling is strong I am hoping for bounce here though....have to reload shorts

here is update on the plan but there is gonna be BIG damage in charts after today so I don't believe in this "plan" anymore...anyway my focus is on 1800-1812 atm

viewtopic.php?f=2&t=1195&p=153433#p153433

SPX-32.png

Another thing is I am nbot sure this is the bottom yet russell still has more room to go to 100% desc.triangle MM, was my prefered short candidate but I missed the entry

Last buy on /ES hourly, until histogram running back into a red then a buy coupon will be expired.

If this 50back is not gonna hold things could get very ugly

Cash SPY is still some room left, as i posted earlier on unfilled gap support that maybe a target.

This smells with the margin calls

[gappy]

Capture.PNG

[Mr. BachNut]

Just for fun.
Some P Bar fossils from ancient times have been unearthed:

[Mr. T]

"We're never going up again!!!"

[KENA]

My take is if breaking 1750 does not hold then the mkt has a path dn to 1715/25 befor we get a big up rally..Lets see.