03/25/2015 Live Update

[Al_Dente]

Boom stopped out, good day
Elsewhere:
I stuck a fork in SPY a while back
I don’t use forks much at all, maybe I’ll start……
Daily chart
Today’s candle touched the 50ema. It is weak support imho.

[uempel]

This chart doesn't play well with my short term bullishness ...

[fehro]

minor invs H&S on SPX .. 5m .. target 2078 if it goes

[Al_Dente]

Re-posting the 10 day % performance chart just to add a note to self:
Note that TRAN (IYT) led the pullback leg on 20 March. That is not unusual these days …..

[uempel]

Boom stopped out, good day
Elsewhere:
I stuck a fork in SPY a while back
I don’t use forks much at all, maybe I’ll start……
Daily chart
Today’s candle touched the 50ema. It is weak support imho.

325daily_png.png

Al_Dente, I was mistaken I thought you only used forks when enjoying cappelletti as a starter, scaloppine with verdura as a main I was aware that you might also use a fork for the dolce, but I do know you don't use a fork when drinking a glass of Barolo

[Cobra]

key time, another test of upper blue line then we may have H&S bottom so bears must push down further from here.

[Al_Dente]

SPXU was how I played it also.

I would have gone with UVXY but it has been behind the curve/dismal

UVXY should pop good if/when VIX ever moves out of contango and into backwardation
http://vixcentral.com/

[Al_Dente]

Al_Dente, I was mistaken I thought you only used forks when enjoying cappelletti as a starter, scaloppine with verdura as a main I was aware that you might also use a fork for the dolce, but I do know you don't use a fork when drinking a glass of Barolo

[MrMiyagi]

?

736.png (179.78 KiB) Viewed 19434 times

[Al_Dente]

[K447]

736.png

We are never selling kidneys again.

[MrMiyagi]

We are never selling kidneys again.

There are many street urchins in India to harvest them from.

[Al_Dente]

Only a few green here at the moment
IT IS CURIOUS why junk HYG is up there near the top…..

[K447]

Only a few green here at the moment
IT IS CURIOUS why junk HYG is up there near the top…..

325board_png.png

Oil price is up, less risk of frackers not being able to pay their bonds?

[gappy]

30 minute.

Capture.PNG

[Cobra]

forget about H&S bottom, it's a range, which suppose favor bears but I need see at least the day low gets tested again otherwise since the range high has been tested many times, so the pattern actually favor bulls.

[Al_Dente]

Only a few green here at the moment
IT IS CURIOUS why junk HYG is up there near the top…..

325board_png.png

Oil price is up, less risk of frackers not being able to pay their bonds?

good point thanks
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[grandeG]

If its unable to bust through the top of the channel could be a flag...

https://www.tradingview.com/x/9aF4Hs49/

[Cobra]

OK, it's ascending triangle, but ascending triangle is continuation pattern, so not necessarily means low was in. need wait and see.

[uempel]

Update: