Thurs ramblings

3:55
stopped out of sso at 36.22....took a loss on this one.

3:52
i would not be surprised to see a spinning top candle tomorrow

3:32
unless spx gaps down tomorrow, i think it will pop up. then i might take that opp to short swing, if charts support it

3:11
stop 36.22 for 1.5-2% loss...if .30 breaks could fall fast

3:03
i'd like to short spx 1092ish if able. might not get that high today, or at all.

2:57
now charts suggest to me possible swing short ...but would like to get a higher level to short...it would be an early short b4 signal confirmation..no entry yet

2:40
before i suggested that this pattern does up down up...but maybe not enough time today... we got the up, down....now waiting for up lol...but idk

2:12
spx is marginally above its intraday downtrend line. nothing definitive yet there, marginal

2:11
i'd like to see higher spx before i swing short..over 1092

2:07
14:06 ...second time est....spx should be breaking one way or other...if not then it gets very dangerous for either side, if no breakout

2:06
usually this chart pattern will bounce up then down then up higher...dont know if enough time today for all that, or if it will even bounce up. but thats what i see. sso last 3658.

1:57
spx formed mini, weak up channel intraday on 3min...see if it holds it

1:51
if sso doesnt bounce...this is a good place to cut losses at .65 now...i'm staying in

1:50
if sso rsi 3min gets 60...should go up higher..last 54 but pointing down

1:47
spx going up here but on low vol...

1:46
sso trade currently red 0.92%. last 36.58

1:41
possible breakout in spx around 13:54 at current conditions. but conditions are tricky here.

1:35
there is a bull falling wedge in spx, though it may not manifest itself today

1:32
tza lookin good...but it might be forming a reverse bull flag...which warns of poss down...just something to watch for

1:18
i know it does not look like it, but charts suggest that if spx hold around this area, a move up should happen. how high, i donw know. when rsi and stoch do not agree...it is common to get these crazy wild swings. spx last 1090

105
spx rsi and stoch do not agree...tricky here...3min

100
if sso goes under .54 then i might sell it for loss

1259
that last attempt by spx to hurdle resistance was quickly smacked down though...3min bear shoot star

1257
there is possible pattern for spx to go to 1108. undeveloped. just something that might happen. pattern still forming and incomplete. this is purely speculative.

1253
sso hit .84, or 3 cents from my 12:12pm target
 
1247
spx is consolodating in a rectangle pattern now. breakout of that rectangle suggest 36.94 or 36.35.  tecnically a rectangle is neutral, though it often resolves in the direction of the previous trend, just like a coil.

however my charts still suggest possible spx higher...which is why i stil have sso. when that changes, i will sell sso, whether for profit or loss
1242
that last move down in sso just created a mini intraday bull diverg...see if it pushes sso up some or not...last sso 3667

1231
sso needs to hold around 35.61...last .64

1227
monitoring sso for poss formation of mini bear rising wedge that would cap it at 3679. often tho, the wedge breaks higher then lower

1219
Was 1100 the spx top? my thought on "the top"...for me, still unconfirmed. many bearish signals. but even rightnow, with spx at 1093, i don't have a swing short setup, which suggest possible upward movement in spx. i do not know whether it will make higher highs.

1212
charts suggest poss 3687 sso. may sell it up there if it gets there. will monitor.
3681 sso tgt...then .87


1206
this would be a good spot to tighten stops on short positions like tza.....tza looks like has more up...but warns of possible pullback. tza last 12.44

1202
sso tick chart suggests mild upward movement

1155
sso has a weak bull divergence that suggests poss up..but its weak. last sso 3663

1148
i'm holding sso for bounce because it's close to a bull failure swing rsi and the 15min hammer

1145
sso stall at .72 if it gets there. 3663 last

1138
sso stop .34

1120
Remember the bear evening star i mentioned yesterday, as possible today? That is what's setting up in SPY. Daily spx still technically is bullish but weakening.

1119
charts are now bearish in spx...preparing to exit sso on next bounce up

1115
bought more sso...avg cost mow 37.92

1102
mental stop .87 sso....last .90

1059
still keeping some sso myself...for now. last sso 37

1051
37.35 is a reasonable place for profits...lim sell some 3735

1050
charts suggest more higher sso still

1047
stall at 3722 is expected

1044
TARGETS sso: 37.22, 37.38

1040
TRADE: trying sso 3709....it is early entry, riskier. thinking the bear HS in sso will not work, so going long in it

1035
looking for entries in both tza and sso...there is chop out here...currently looking more at sso but no entries yet

7:04 AM
ES declined last night and is currently moving back up. A sustained break over 1095 would have 1100 as the next target, then 1103 retest, then higher if that breaks.

Bias is for the bullish scenario as long as 1091 holds. Charts are biased toward the bullish scenario. Ideally the bull scenario would call to stay over 1091, but a decline to 1089 is allowed if 1089 holds.

Last ES 1091.75

Scenarios
Bullish:   Hold over 1091 for 1100, 1103, further targets to be added later
Bearish:  Hold ES under 1095 on any move up, then break below 1091, for 1089, 1086, 1084, further targets to be added later.


* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".