02/20/2014 Live Update

[uempel]

This is a close up of the 30 min - but if I look at the daily or weekly charts I don't see no reason for bulls to party

[BullBear52x]

Intraday SPY = Sell,

until it fails.

[BullBear52x]

Hourly, Left chart /ES entering 2nd sell the rip zone, SPX right chart including extend hourl need to see new high from last buy, new low will be seen as failed.

still confusing on these, expecting more volatility ahead.

[BullBear52x]

Volatility still hang on the bull side, bears need lots of work yet.

[TWT]

$SPX: I expect a lower high with an expanded flat wave (B)

[fehro]

This is a close up of the 30 min - but if I look at the daily or weekly charts I don't see no reason for bulls to party

The attachment SPX8.png is no longer available

yup could be.. or the spike yesterday was just that a spike above the channel

[MrMiyagi]

spy

[Al_Dente]

Inverted TRIN

[TraderGirl]

There is a fib time signal on the SPY around 10:40am PST...

Price already hit my intraday target, so there is a question as to whether we pullback and get a higher high from here...but a pullback and bounce is most likely expected before we could possible head down...

[BullBear52x]

chart pattern geeks.

[Mr. BachNut]

“…SPY was ultimately rejected by the 184 strike, which is home to peak call open interest set to expire this Friday. Continue to watch this level -- as well as the round-number 180 level, where peak front-month put open interest is located, as it could act as a magnet on possible continued weakness.” [Schaeffer’s]

Speaking of P-Bars... there were a bunch after hours yesterday above the 184 strike. SPY 184.28 was popular.
So, that 184 level may indeed be salient.

184.28 tagged to the penny.

So, normal into expiration might include an attempt on the 185 strike and/or the 183 strike, but 184 seems the probable center of gravity. We'll see.

[Nrsimha]

2516.png

But everybody and his grandma has normalcy bias these days....

[Zane]

any thoughts on gold guys?

[Nrsimha]

2518.png

Aren't there a slew of open P-bars down to SPY 175 1/4 or so?

[Cobra]

nothing new, target reached, bias still is up, I believe there's at least another push up. lunch time, will be back.

[MrMiyagi]

Aren't there a slew of open P-bars down to SPY 175 1/4 or so?

There is a bunch down to 175.22$ that expire at the end of today.
Next is 177.39$ that expire Friday.

Expire, of course, by my guidelines...

[TraderGirl]

In looking at inverse SPXU...it appears as though this count may be valid...if wave "v" of "c" happens to crest around the fib time signal that would be a good indication of a point of reversal...

[Nrsimha]

any thoughts on gold guys?

I'm waiting for the 10-week to cross the 25-week on GDX ----- > almost there.

[BullBear52x]

any thoughts on gold guys?

I'm waiting for the 10-week to cross the 25-week on GDX ----- > almost there.

GLD is moving into small consolidation range.

Mid to long term = Buy

Intraday short term is in consolidation phase with bearish bias, neg histogram.

[BullBear52x]

this is what she wrote, brain dead simple not guess work.