03/30/2012 Live Update

[TraderGirl]

Treasuries via TMF...

[uempel]

I don't believe that long positions make sense here - except intraday. The market might jump to 1440 but I'm not going to long before there has been a correction down to the upper band of monthly BB 13/1.
I like the short side here - but it's difficult to find the right entry and exit. I've got to school myself in patience without missing the move...
PS: If SPX goes up - there is good resistance up at 1430 and at 1440/50...

[TraderGirl]

could be a small ascending triangle here, so the bias is up.

Cobra, what about that bar, what do you think of that??

[TraderGirl]

SLV Bull wedge, inverse h&s??

[Cobra]

could be a small ascending triangle here, so the bias is up.

Cobra, what about that bar, what do you think of that??

that's predetermined future bear target.

[q2model]

And the Fed said: "THIS MARKET SHALL NOT DROP".

I met an older Chinese woman last night who said Americans did not understand the creeping communism that is coming to this country as she was a small child as everything the people could do was regulated by the government. I guess that's why the Chinese revere their elders.

that is odd.. i too met an older chinese woman last night... couldnt really understand what she was saying... but she smelled of lotus flowers and tasted like pancakes..

How do u know how she tastes like?

[TraderGirl]

And the Fed said: "THIS MARKET SHALL NOT DROP".

I met an older Chinese woman last night who said Americans did not understand the creeping communism that is coming to this country as she was a small child as everything the people could do was regulated by the government. I guess that's why the Chinese revere their elders.

that is odd.. i too met an older chinese woman last night... couldnt really understand what she was saying... but she smelled of lotus flowers and tasted like pancakes..

How do u know how she tastes like?

We don't want to know

[TraderGirl]

could be a small ascending triangle here, so the bias is up.

Cobra, what about that bar, what do you think of that??

that's predetermined future bear target.

[pidge66]

SPY 141.90 area an obvious magnet if HOD is broken. http://goo.gl/I6f1Q

[Cobra]

the bias still is up for this kind of consolidation.

[Al_Dente]

1 min

[Cobra]

zoomed in view, still is an ascending triangle.

[TraderGirl]

Trendline on spx, was resistance, now support...
Need to break below this line....

[Cobra]

breakout as expected. tinted area is the 100% Measured Move target.

[johnnywa]

Bulls took 2 hours to try break out over morning high,expending too much energy,bear ambush into close

[Al_Dente]

I don't believe that long positions make sense here - except intraday. The market might jump to 1440 but I'm not going to long before there has been a correction down to the upper band of monthly BB 13/1.
I like the short side here - but it's difficult to find the right entry and exit. I've got to school myself in patience without missing the move...
PS: If SPX goes up - there is good resistance up at 1430 and at 1440/50...

2.png

Hi uemp I don’t understand how u get resist at 1410 (and this is not the first time I’ve studied yr monthly). thanks

[Al_Dente]

15 min

[uempel]

Update with a signal for next Tuesday 14:00 pm....

[uempel]

Al, as to 1410 check this on the daily - but I'll show you the monthly in a few minutes.

[Al_Dente]

Volatility, loosely based on bullbear52x
[edit: bb what would u use sma on the 15min?]
[also swapped out better chart]