Tuesday ramblings (and Mon nite futures)

3:47
a poss down channel starting formation in spx 15min

3:34
unable to make 1100 today might cause some longs to sell, some to short. will see

3:29
possible 3 day eve star bear pattern in spx tomorrow. of course the daily chart trend is up, just a thought

3:17
lowered stop to .63. preparing to take loss in sds. will keep a piece of it as swing


2:55
bulls need to push


higher....this is burning a lot of

fuel...they will be to high in 15min

stoch soon if they dont move the price

up...fascinating to watch
 
spx last 1093
 
 
2:51
2min bear divergence in spx. last 1093

2:49
this is frustrating... just like yest, once again the sds fell short of my target by only about 4 cents and my lim order not filled to sell b4

2:37
.73 stop in my sds

2:27
surprisingly, if we end looking like this today, i'll swing short. work shows the hourly still has more work to do before a thrust up, if it does not come to today. this would be an agressive swing short, before my "confirmed short setup". Risk/reward is there for me. however, i might have to sell a peice of my sds at loss today, because i'm not willing to risk a daytrade size position overnight

2:20
i have an exit long swing positions signal, no signal to enter long or short via swing, just exit long swings. spx 1091 last. the last time i got the exit long signal, the spx never went higher for 3 days, but of course i don't know what will happen here.

210
spx broke over ascend bull triangle. see if sustains. see if backtest.

203
my charts are confused, suggesting both bullish and bearish

202
spx reak over 1092 would cause high retest...backed off 1090 right now, but could break either way

154
possible bull triangle in spx...preparing to exit sds if no sds followthrough. but sds sustained break over 3724 will wreck the bear sds setup (spx bull)...so watching.

150
pattern points to sds 37.40 next, not very impressive lol

147
charts are confused, typical of range days. HS bull triangle, bear triangles, uptrendlines, dtl, etc etc.

146
charts say sds up from 37.22

143
weak bear diverg 3min spx

1:40
i have a momentum short signal..riskier, i'm not taking it...just fyi....momentum short on the "one last pop down" setup. spx last 1090.spx 1090,,,sds 37.18 on signal

1:30
my work shows the spx bias is down, but it's not acting like that now.  (down intraday only of course....60min trend up in spx)

1:13
spx 15min and 3min still suggest lower spx possible, but it's now close to a neutral reading with slight down bias. Now, its all about the supports and resistance.

1:06
es 1089 is MA Resist. Bulls want to break over it, bears want to hold. a break over it should revisit todays highs and stretch for 1099 es

1:03
stop 36.86 on sds for now.

1249
spx 15min chart suggests lower BUT IT IS RIGHT AT RESISTANCE, which must hold to keep it bearish. In other word, the 15min suggests spx should go lower, but the bulls don't need alot of power to stop it, if they step in

1245
sds is holding, for now bullish sds

1242
sds needs to hold 3720 idealy. last .25

1237
the stall at ES 1087 break lower suggests that stops to BUY were triggered, not sell stops...this could change, but for now its a bullish event. 1087 was a rather importat intraday level.


1235
the SDS 3min is dev a bear divergence...may sell this all early at close to breakeven...will see. watching closely. But charts also suggest one more pop higher in sds before the bear sds divergences in 3min exert their influence

1234
sds bull flags forming 123min

1226
37.41 is my avg cost

of sds for today and yesterday.

today's only cost was 36.93 but i

bought some yest at higher prices
 
 
1222
limit sell sds piece at 37.41 if filled

1218
sds forming 3min bull inv H/S and also poss cup/handle. see if they hold (bearish for spx)

12:07
i have 5 lines handrawn on my 60min chart. one of them suggests support at 1084 spx, which is also near its MA coincidentally. i would expect another stall at 1083/84 spx. of course, the trendline is a moving target lol and changes.

1206
order: i've got limit orders sds .67 for a piece of sds

1201
sds targets:  37.41, 37.67, 37.93 and 38.39 (not all today)

1154
bear head/shoulders on spx 15min, for now

11:49
under ES 1091 bearish...if bulls can break over that, they should be able to challenge todays high, then 1099 es

1143
15min spx still suggests lower, but bulls have been able to hold that 1087 ES

1134
preparing now to sell a piece of sds if/when es breaks 1087.

1133
ES--bulls want to push over 1089 here else risk another test of the impt 1087. last es 1088

1129
sds did come close b4 to my first .27 target, 2 cents away at .25

1127
target -- if sds goes over .24, obviously it should go higher than my prior .27 target. next target over .24 would be 37.45

1115
es did get the 2 point bounce up off the 1087 test...lets see if it can hold over it...it did a successful stall. charts continue to suggest it will break lower.

11:14
sds 37.78 sds target on break over .27 and .52

11:08
ES is testing 1086 here. premartket.....this held on 4 prior tests.... charts suggest it will break lower...that should cause some downward action in spx/es. 1087 ES is impt for intraday...multiple tests of it...should trigger selling on break

11:04
spx did stall here at 1091 so the likely target is 1084 first on a break under 1090. last 1092

1058
if spx 1090 breaks lower, without a stall or small 2 point bounce up, then it can visit 1081 quickly. last 1091

10:50
expecting sds stall at 36.99 / 37.04

10:45
looking for sds 36.99.  if sds breaks 37.01, then 37.27 is next target. then 37.36. other higher targets are 37.93 and 38.39

10:44
sds at .93, but i'm not exiting.

10:37
nervous sds would exit at breakeven .93. i will stay for now. stalls expected .86 and .93. last .85

10:26
3min spx bull flag trying to breakout higher

10:20
spx previously had a bear wedge on the daily charts. the bulls successfully converted the bear wedge to a bull channel. and NOW the spx has broke ABOVE its uppoer channel line, and is riding that as support. However, spx is also very far from the channel support line right now.

10:08
daytrade short signal sds 36.93.. i will try it
 
9:57
intraday, 15min spx suggests at least a minor pullback. last spx 1095.

9:42
as expected, the FII swing short is underperforming the spx. good for the short pos. last 27.00

9:14
wow 1086.75 held 3 times thus far...still think it wil break lower..will see.

9:11
i've got just a piece of my sds swing from yesterday for sale at 37.67 limit if filled, for small profit. last 37.21. Profit is small, but it accomplished purpose of lowering my average cost, so I'll take a small profit on that extra piece and reduce risk.

9:06
For next 30-60 minutes, I am watching the ES 1086 to see if it holds or breaks lower. Most likely it will break lower and then test 1082/83

8:24 am
ES currently down a little, set to test 1086.50, 1082, 1078, 1071, 1069 with 1086.50, 1078, 1069 key.

Right now, 1086.50 is the key number. If that holds, then prices will pivot up. Otherwise, we should test 1078 next.

Later, bulls need to beware of a possible double top formation, or even another HS, but that's all for 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".