out of tza and spxu. no swings.
stop 1098 tza
in 1000 shares tza 11.08 stop 10.60 for now. will raise stop later
looks like spx will make another pop down, to create a bull diverg, then up today or tomm. bounce could be small. last 1103
stop tna 3828
stop 3808 tna to guarantee free trade
pattern in tna will usually bounce up then down. trying for the up.
500 shrs tna 3806 scalp only for boucne
took out 75% of my spxu...still have 25%...could buy it back maybe
spx could bounce to 1104 here..last 1102
xlf must hold 1430, for bull. prob will hold on first test.
ok all losses today recoverd. stops set to guarantee a green day
stop 3782 on 400 shares. stop 3733 on 100 shares
stop 3782 for spxu
if xlf hits 1414 dow could lose 200
xlf testing YEST low...if breaks... down...
1103 broke...if sustained....1096
charts suggest spx has a LOT of unfinished biz on the downside...but all about support and resistance ,,,those trump
1103 break opens up1096
spxu trgt 3823
the stall here is expected...charts say the 1106 will break
selling spxu would recover 99% of loss from today...still staying here
spx 1107 to 1105 to 1108 to 1100 poss roadnmap tday. last 1107.50
charts only suggest 1099 possible now...setup not fully formed
spx could see 1099 today
3757 spxu first trgt
selling spxu here would recover 83% of losses today..i wil stay in
bear diverg in spx...why i tried the spxu
cancelled buy 500 more--not filled (simulation won't allow more shares.... 3x etf)
buy 500 more spxu 3719 lim if filled
500 spxu 3725
500 spxu 3724 lim buy if filled
stopped out of skf...loss
there is a DTL down trendline in ES that has held R since 10AM... ES testing it now...
12:18pm
xlf "should" break in 6 minutes lower,,,but the low vol makes this suspect
volume patterns suggest lower spx n xlf
xlf hourly looks like bear rising wedge
hard to tell if xlf will go up or down...there is more risk on dowside since its close to the LOD
small red candles suggest spx could break higher, other indicators suggest lower... mixed
skf stop 2435 on 1000 shrs
xlf looks ready to break lower
2447 mental stop skf
spx break of 1105.50 should cause a pop down, if it breaks. last 1106.50
mental stop skf .37
xlf 2 cents from testing its lod, as expecteed
looking for skf to wreck the bear M pattrn in 15min...if it can move higher, it will
es broke the coil lower...poss backtes higher
skf chart pattrn trgt 2460, close to .59 trgt b4
charts suggest poss skf break higher to test skf highs (lows spx)
ES in a coil 15min that might be breaking lower here...last es 1107.50
skf 2443 should give a pop up...last .42
buy back 500 skf 2440
stopped out of half of skf
2428 stop skf
if the skf can hold around here...the higher low should casuse more buying...if the low breaks i am out
stop .30 on 500 shrs skf
2min skf still has higher hi higher low....waiting to exit
watching skf here cuz poss bear M form in 15min....
scalpers would sell skf at .59... i'll hold...stall at .59 is ok.. the W is dev as i expected....
500 more shrs skf at .39 here
92% crouching tiger bullish skf...2437
80% crouching tiger bullish skf...could fail to dev to 100%,,, could move lwoer first...last 2433
nervous skf could exit here near breakeven, 4 cent profit...i'll stay in
skf behaving for now... a move down to 23.70 is possibl
expetcig skf to form w in 2min....hence my trade
slf at 1464 now...might want 1486... staying in the skf for now...this is in line with my expectations....
2459 first skf trgt
in 500 shrs skf 2434
skf 2432 lim
9:10 AM
ES now is at 1104. A test of 1106.50 is likely. If 1107 is hurdled, then 1111 but there are resistance points in between, so if 1107 to 1111 does not happen quickly it would likely fail and turn back down t 1102 to 1098. If it can hurdle 1107, then a path similar to spx below would make sense (9:00 AM post).
IF this was happening during 930-4pm hours, charts suggest that ES will not hurdle the 1106. but with opening volume, it could.
9:00 AM
Later today, If SPX hits 1097 it is likely to bounce up to 1103 and then break lower to 1086. If 1103 is hurdled higher then 1107, 1111, 1116, 1119,1122. I think, IF 1097 is hit, it's more likely to follow the bearish scenario.
* 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".
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