35854 replies to this topic

[CPvanWyk]

Good trade

[bear catcher]

B if it helps I went short 46510

STFR boys out at 46350 another 150 points. RBM you must be kicking yourself.

[Argento]

 

Caldaro says the following

 

The market opened higher today, followed the rally in Europe, and hit a new all time high just about when Europe closed at SPX 2005. After that, like yesterday, it went sideways for the rest of the day. Thus far we have counted Minor waves 1 and 2 at SPX 1945 and 1928, and now a five wave Minor 3: 1964-1942-1995-1985-2005. With Minor 3 just about double Minor 1 (77 pts vs 40 pts), and the rising Minute waves of Minor 3 all near fibonacci numbers (36, 53, 20 vs 34, 55, 21), it might be time for a Minor wave 4 pullback. Especially with the ongoing negative divergence on the hourly chart. Thus far all we have seen is a five point pullback to SPX 2000. Should the pullback drop below SPX 1995 Minor 4 is probably underway.

Short term support is at SPX 1985 and the 1973 pivot, with resistance at SPX 2005 and the 2019 pivot. Short term momentum continues to display that negative divergence. The short term OEW charts remain positive with the reversal level now SPX 2000. Best to your trading!

 

Yip, saw that!But is no distribution to justify a significant drop at current levels..but I can be wrong!

 

Next Thursday on the other hand is a catalyst for a short term top (Draghi announcement), so will see if she got the legs to push until then!

 

A

[CPvanWyk]

Caldaro says the following

 

The market opened higher today, followed the rally in Europe, and hit a new all time high just about when Europe closed at SPX 2005. After that, like yesterday, it went sideways for the rest of the day. Thus far we have counted Minor waves 1 and 2 at SPX 1945 and 1928, and now a five wave Minor 3: 1964-1942-1995-1985-2005. With Minor 3 just about double Minor 1 (77 pts vs 40 pts), and the rising Minute waves of Minor 3 all near fibonacci numbers (36, 53, 20 vs 34, 55, 21), it might be time for a Minor wave 4 pullback. Especially with the ongoing negative divergence on the hourly chart. Thus far all we have seen is a five point pullback to SPX 2000. Should the pullback drop below SPX 1995 Minor 4 is probably underway.

Short term support is at SPX 1985 and the 1973 pivot, with resistance at SPX 2005 and the 2019 pivot. Short term momentum continues to display that negative divergence. The short term OEW charts remain positive with the reversal level now SPX 2000. Best to your trading!

[delta66]

there is no directional trend for s&p off current level(2000+)  you think there aren't institutions waiting to take profits just off these highs, how much of a drawdown/impact on US index is anyone's guess but have a feeling its coming soon

[Argento]

breakdown from current level on S&P could take our market down 500pips..difficult trading climate

Why would the S&P breakdown from the current level? Never sell a dull market

 

She is very strong!

 

A

[delta66]

breakdown from current level on S&P could take our market down 500pips..difficult trading climate

[BlythZ]

Long

Please add some more longs hehehehe

[RBM]

Long

[BlythZ]

B if it helps I went short 46510

Thanks Bear Catcher but seems like you got your mojo back, so if you go short.....down we go!

[CPvanWyk]

So what u ar saying go long. 

[bear catcher]

B if it helps I went short 46510

[RBM]

RBM please wait until 46,560 when i get out of my longs then you can go short

Every time you start shorting we go down

lol ok

[BlythZ]

Closed longs accumulating shorts

RBM please wait until 46,560 when i get out of my longs then you can go short  

 

Every time you start shorting we go down

[RBM]

Closed longs accumulating shorts

[RBM]

Same story, open higher and then drop to only creep back to the highs in the afternoon!

Don't think we are going to see continued fireworks up before next week so my take one higher high (46750ish?) needed as it looks like a mini top formation in the works to create negative divergence and then down to that 46250ish support into friday!

A

Quite correct,i'll continue trading whats in front of my face:) tnx

[Argento]

Accumulating longs

Same story, open higher and then drop to only creep back to the highs in the afternoon!

 

Don't think we are going to see continued fireworks up before next week so my take one higher high (46750ish?) needed as it looks like a mini top formation in the works to create negative divergence and then down to that 46250ish support into friday!

 

A

[Argento]

Aegento. the chart that i have posted will give you an indication, but if you want to I can check further back tonight and let you know?

Thanks M, will check out the graph and do some analysis!

 

A

[RBM]

Accumulating longs

[RBM]

Accumulating longs