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02/14/2014 Live Update
Posted: Fri Feb 14, 2014 9:51 am
by Cobra
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I'll have meeting whole day today, so the update will be slow. It's the last day of 2 days meeting, the update will be normal next week. Usually the day after a wide range day is narrow range day, so today is boring anyway.
I don't see any pattern worth of blah blah but I see nothing wrong yet on the bull side. Maybe the up momentum is a little bit weakened which is normal, after it's up a lot for the past 6 days.
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 9:53 am
by Cobra
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 9:54 am
by koolblue
heres a general look as we come into the open
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 10:20 am
by koolblue
heres the first line ...1721.75 and may be good for a bounce,but im going to wait for 1819 and change to try a buy scalp
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 10:20 am
by fehro
SPX 5m... minor bearish rising wedge.. mind the lower gap, and red trend
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 10:36 am
by koolblue
well, that turned out be be a nice lttle scalp. Most of the time i just go for 2 handles and use a 2 point stop. Sometimes i will cover one at a profit of 1.5-2 handles and let the runner ride. Thats just how i do my scalp trading. Probably not very useful to most of you.
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 10:39 am
by uempel
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 10:43 am
by Zane
fehro wrote:SPX 5m... minor bearish rising wedge.. mind the lower gap, and red trend
thoughts on the vix?
falling bull or a bear flag?
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 10:44 am
by fehro
SPX 5m
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 10:46 am
by fehro
Zane wrote:fehro wrote:SPX 5m... minor bearish rising wedge.. mind the lower gap, and red trend
thoughts on the vix?
falling bull or a bear flag?
VIX 15m messy, weak at the moment... RSI trying to get above 50
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 10:51 am
by fehro
SPX 15m... possible green bearish rising wedge.. should we chop around within the wedge.. could break red trend and retest within the wedge.. break green and red then maybe more downside to come.... mind open gaps above, and below...
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 10:57 am
by Cobra
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 10:57 am
by Cobra
range with up bias.
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 10:58 am
by Zane
fehro wrote:SPX 15m... possible green bearish rising wedge.. should we chop around within the wedge.. could break red trend and retest within the wedge.. break green and red then maybe more downside to come.... mind open gaps above, and below...
think i will wait for the vix to be within 13s
thx mate
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 10:59 am
by fehro
bad data?.. a few different symbols have it.... on a few platforms
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 11:08 am
by Zane
fehro wrote:Zane wrote:fehro wrote:SPX 5m... minor bearish rising wedge.. mind the lower gap, and red trend
thoughts on the vix?
falling bull or a bear flag?
VIX 15m messy, weak at the moment... RSI trying to get above 50
thx mate, i guess will wait for the 13s
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 11:14 am
by rhight
Since parallels are all the rage these days, I've noticed an extraordinary similarity to the last week of June 2011 - you can do the math, but suffice to say that if the pattern were to follow, the current TL from the 2/5 low is important and a break down of that and the 60 min 20ma (SPX) COULD mark the end of the current Daily swing high.
At the same time, there is a positive price reversal on the RSI (again, similar to 6/11) that points to 1844. Also, if the retrace were to match that of the May-June 2011 period, then that would work out to ~1837 today or Monday. Otherwise, it's too the moon!
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 11:20 am
by uempel
Update on the SPX 1833 target:
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 11:22 am
by uempel
Rhight, you might be right here
rhight wrote:Since parallels are all the rage these days, I've noticed an extraordinary similarity to the last week of June 2011 - you can do the math, but suffice to say that if the pattern were to follow, the current TL from the 2/5 low is important and a break down of that and the 60 min 20ma (SPX) COULD mark the end of the current Daily swing high.
At the same time, there is a positive price reversal on the RSI (again, similar to 6/11) that points to 1844. Also, if the retrace were to match that of the May-June 2011 period, then that would work out to ~1837 today or Monday. Otherwise, it's too the moon!
Re: 02/14/2014 Live Update
Posted: Fri Feb 14, 2014 11:23 am
by rhight
rhight wrote:Since parallels are all the rage these days, I've noticed an extraordinary similarity to the last week of June 2011 - you can do the math, but suffice to say that if the pattern were to follow, the current TL from the 2/5 low is important and a break down of that and the 60 min 20ma (SPX) COULD mark the end of the current Daily swing high.
At the same time, there is a positive price reversal on the 60 min RSI (again, similar to 6/11) that points to 1844. Also, if the retrace were to match that of the May-June 2011 period, then that would work out to ~1837 today or Monday. Otherwise, it's too the moon!
Here I am, quoting myself. Jeez
What I want to add is that the 60 min RSI positive price reversal of 7/1/11 calculated out to 1354, and was confirmed in the next trading day when the market topped at 1356.5 (just after a holiday weekend!)