10/19/2015 Live Update

[BullBear52x]

Chart of the day: The classic sideways action that you don't want nothing to do with it,

BB, don't you think more price stays in this zone higher the chance to go up..consolidation before moving up?

Thanks

big picture is bearish consolidation phase, a breakout to the up side before I can give a credit that it's bullish, sure it tried, with no breakout it can only receive a participation trophy

[Out of Bounds]

Pretty good sell signal here.

[BullBear52x]

Pretty good sell signal here.

I call this a sell first ask question later kind of move.

[fehro]

2026 goes.. "could" see a sharp move to 2013 = outside reversal of Fri's daily candle

[BullBear52x]

Now it's fair to look at 6 handles below, 2023.5ish.

[Unique]

ES: Key time bulls, going for another sticksave at 1HR 50SMA train support. Need to form HL here

[fehro]

Iwatch killer? way way too early.. but gotta say .. looks very cool! in Kickstarter mode… http://www.chooseblocks.com/#homepage

[Trades with cats]

I watch is road kill. Blocks looks like a real product that could actually sell.

[fehro]

SPX ... key time

[Trades with cats]

Speaking of road kill I have the TF S1 pivot at 1150.5, about the same as overnight low, so price is a little over two handles away, and ES is actually pretty close to the same set up, only it went below overnight in the opening drop. Guess this market needs some hit the ball out of the park earnings tonight.

[Cobra]

maybe this pullback is to test the day low.

[BullBear52x]

4 pages day.

[Al_Dente]

McClellan’s latest post analyzes his NYMO (NYMOT) hitting +303 on 10/8:
“… the lack of follow through reveals those high readings to be markers of blowoff tops instead of strong new initiation. The latest Oscillator peak rose all the way up to +303, and we thus far are not seeing follow-through.
If the Oscillator continues falling and goes back down through the zero line without building any complexity up above zero, then that will be a “tell” that the recent bounce has been just a countertrend rally, and is not the start of a new uptrend. That is the outcome which I expect to see…“
“…if, instead, the Oscillator stays above zero long enough to push the …Summation Index above +500, then that will be an entirely different message.”
http://www.mcoscillator.com/learning_ce ... pretation/

[fehro]

RUT testing 50d.. TLT trying to hammer off the 20d

[Tutti]

McClellan’s latest post analyzes his NYMO (NYMOT) hitting +303 on 10/8:
“… the lack of follow through reveals those high readings to be markers of blowoff tops instead of strong new initiation. The latest Oscillator peak rose all the way up to +303, and we thus far are not seeing follow-through.
If the Oscillator continues falling and goes back down through the zero line without building any complexity up above zero, then that will be a “tell” that the recent bounce has been just a countertrend rally, and is not the start of a new uptrend. That is the outcome which I expect to see…“
“…if, instead, the Oscillator stays above zero long enough to push the …Summation Index above +500, then that will be an entirely different message.”
http://www.mcoscillator.com/learning_ce ... pretation/

thanks!

[Unique]

Chart of the day: The classic sideways action that you don't want nothing to do with it,

BB, don't you think more price stays in this zone higher the chance to go up..consolidation before moving up?

Thanks

big picture is bearish consolidation phase, a breakout to the up side before I can give a credit that it's bullish, sure it tried, with no breakout it can only receive a participation trophy

This is why context matters. Weekly+Monthly, bear flag inside month.

[Al_Dente]

4 pages day.

Best chart of the day
I hope u will post that one every day, especially near the close
I shall now add some nonsense posts, just to faulk up your page count

[Al_Dente]

[MrMiyagi]

SPY intraday 1 & 5 minute turning up together.

[Al_Dente]

McClellan’s latest post analyzes his NYMO (NYMOT) hitting +303 on 10/8:
“… the lack of follow through reveals those high readings to be markers of blowoff tops instead of strong new initiation. The latest Oscillator peak rose all the way up to +303, and we thus far are not seeing follow-through.
If the Oscillator continues falling and goes back down through the zero line without building any complexity up above zero, then that will be a “tell” that the recent bounce has been just a countertrend rally, and is not the start of a new uptrend. That is the outcome which I expect to see…“
“…if, instead, the Oscillator stays above zero long enough to push the …Summation Index above +500, then that will be an entirely different message.”
http://www.mcoscillator.com/learning_ce ... pretation/

thanks!