06/15/2011 Intraday Watering

[Cobra]

great, but bears still need breakdown the morning low to claim the victory.

[cc2265]

if RUT can hold sturdy, MM can not drop very much.

[99er]

DX
Bucky gets a bid.
http://99ercharts.blogspot.com/2011/06/dollar.html

[Cobra]

tinted area as double top text book target.

[KENA]

Finely we broke the low..Now lets see.

[Copeland]

if RUT can hold sturdy, MM can not drop very much.

793 is the line in the sand on the Russell 2000 futures intermediate term. However, short term, If TF can't break 788 in the next few hours, then it becomes a short with a 780 target to establish a trading range.

[Cobra]

target met, could see rebound here, then we'll see, should be more leg down ahead, normally of course.

[Copeland]

Finely we broke the low..Now lets see.

Nice!

[cc2265]

Thanks

if RUT can hold sturdy, MM can not drop very much.

793 is the line in the sand on the Russell 2000 futures intermediate term. However, short term, If TF can't break 788 in the next few hours, then it becomes a short with a 780 target to establish a trading range.

[pablorynx]

copeland, pls chng ur avatar pic to something more appropriate. some of us are in a workplace environment which does not tolerate pictures like that

[KENA]

if RUT can hold sturdy, MM can not drop very much.

793 is the line in the sand on the Russell 2000 futures intermediate term. However, short term, If TF can't break 788 in the next few hours, then it becomes a short with a 780 target to establish a trading range.

Good info it is now 784.

[cc2265]

SPX 1250 is getting closer and closer

[Sqwii]

SPY backtesting the trendline we broke out of yesterday.......right here around 127.3-127.4 - this was needed before a rally ? I think so

[EvilTrader]

VIX trading out of BB, is an intraday BUY signal.....a risky one, but....tight stops.

[Sqwii]

Buy the dip , I just bought more longs at SPY 129.4's , QQQ backtesting broken trendline as SPY did today... lets see

[Copeland]

SPX 1250 is getting closer and closer

We'll need to break 1259 first on the September contract, which I think will hold.

[cougar]

The Biotechnology Index is surprisingly strong today.

[Sqwii]

Make a trendline from the falling wedge or what we got since early June - which we broke out of yesterday (broke it) and now backtesting the upside of it....

All imho the best buying opportunity , time will tell

[Cobra]

still a rebound is possible here, but remember my rule: huge gap down, lower low after 10:30am ET, 90% chances open > close today. and basically from the chart, normally, there should be another down leg at least.

[Copeland]

Looks like CL and GC are false breakouts.