02/04/2014 Live Update

[koolblue]

told ya!..direct hit 1752.25 and now the pull back.. unfortunately without me ..my order was at 1752.25 and i never got a fill!..they hate me!

[RedKite]

Sold my (swing) shorts today. Not sure it's the exact bottom but I got a strong bottoming signal from a NYADV:NYHGH peak and NYADV solid candle. There's still a chance we might make a lower low tomorrow, though it shouldn't be too serious with bottom signals already in the bag. Otherwise I'm looking to pick up longs. Next week is a bit of concern. China wakes up with a hangover this Friday and next week we have NFP+2/3 (11th/12th) which is a danger period. I notice Uempel already had is eye on the 11th as a turn date and I second that. There is a chance of a failed recovery around then, and failed recoveries can be nasty.

[TWT]

$SPX: So far it looks like a Zig Zag

[uempel]

Update:

[uempel]

$SPX: So far it looks like a Zig Zag

1761.80? I've got 1764

[Cobra]

lunch time, will be back. so far still looks like a rising wedge but rising wedge can last forever so I'm neutral here.

[koolblue]

Thats it for me today! Good trading boardies!

[fehro]

squinting with my bull goggles....SPX 5m... invs H&S (target would fill interday gap above) ...or larger blue triangle... for more chop...

[Cobra]

Testing wedge lower boundary.

[Cobra]

green line below is the wedge text book target.

[BullBear52x]

No rip but the chase, any how, new high will be bought see histogram bullish crossed

[Cobra]

vol surge, may see rebound here then we'll see. I think the rebound will at least test day high.

[MrMiyagi]

[BullBear52x]

/ES the sell looks good, if 1740 fail to support the dead cat bounce is over do or die for intraday bulls.

[Cobra]

ok, I was wrong, this pullback might have small legs.

[ALdaytrade]

Is this not wave 5?

[BullBear52x]

VIX's RSI here is now back up >50, not a bull friendly.

[fehro]

SPX 60m.. tagged resistance

[MrMiyagi]

(Sad face goes here)

spy 10

[fehro]

SPX daily... stuck between trend lines...