thurs ramblings (and Wednesday eve / Thurs morning pre-market ES )

337
COVERED SPY at the market.... at .43... only one trade today, the SPY SHORT... covered for a profit.

335
spy daily gravestone doji so far

329
emergency spike stop on spy set at 111.52

328
if 1100 es breaks, that would be fireworks...expect it to hold

327
spy hit .33.....2 cents under the .35 target :)

303
xlf in danger of a breakdown....

300
es trgt 1105 hit...could bounce

258
ES 1105, 1103, 1100 trgts

235
3min spy is coiling now with down bias

234
ris: the SPY downtrend


rsi trendline gave a perfect touch

during all that whipsaw from FOMC

 
 
2:15... the DTL held as R
 
 
232
poss bull inv HS in SPY 60min

229
spx 1114 is key...see if converted 1114 to R...last 1113

224
first spy trgt 111.63 hit

209
spy trgts 111.63,,,, 111.35,,,, 111.00,,,maybe lower

207
conservative traders would cover shorts here in spy

205
IF we get a nice SPY plunge quickly,,,,i will cover at the market my spy short daytrade

157
looks like it will test LOD in spy

155
yes. spy spx roadmap being followed as expected, so far....
129
rsi trendline down...testing..holding R thus far in spx

119
70% bull crouching tiger in spx... not enough to go long, in fact suggsts at least some more down b4 up...last spy 111.93. tiger might not make 98% confidence...watching...

117
but poss BULL flag spx 60min

110
rsi spy downtrendline RSI holding as R

109
its dangerous for bulls if it is near the low of day at 2:15.... a downspike would break the low and trigger stops

1227
this pattern in spx usually does a down up down lower move.... could pop back up, then down. something like spx 1114, 1112, 1115, 1110

1225
nervous spy shorts would cover here near breakeven...i am staying short, for now

1224
spy broke the 10min bear wedge lower...and has not backtested it...just going down

1217
spy 133t is forming bear Head SHoulders pattern that suggests re-test of LOD or about 112.75. last spy 111.99 if neckline broken

1154
the spy 112.08 prev HOD pierced higher to 112.13....but this did not trigger upside accelleration...rather attracted a few sellers.... bearish unless the bulls mount another attack and pierce higher. watching to see if they do

1144
spy bear diverg price:macd hist. rising prices, falling hist, suggests eventual pullback lower. spx last 1116

1132
spy poss 10min bear rising wedge could actually be breaking lower here,,,despite SPY upmove... could see higher prices as it backtests the wedge, followed by lower spx spy. could go either way.

1104
spy spx is approaching oversold with little upward price movement, suggesting underlying weakness at least initially

1048
SPY forming a bear desc triangle in 10min chart, suggesting chop trade until 1:17 with a slight down bias. Of course, the FOMC 2:15 could stall things past 1:17 PM.

1023
this chart pattern will usually attract sellers....in spx. last 1113

1018
charts suggest that SPY will break the LOD... lower daily low expected

1016
poss 3min bear M in ES 3min for scalpers

1015
yes. spy shorts are behaving...

1002
the srs and skf are down this morn, but i still like these as midterm holding positions....

959
1min bear diverg spy-= for scalpers...

9:40
TRADE: short 500 shares SPY 111.82

* 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".