242
it should break it. charts suggest one last pop at least in xlf....
238
xlf texsting R line in triangle now. if it breaks higher i will look to exit if it looks like it will backtest
232
desc triangle R is at .30ish now...see if xlf stays under it. charts still suggest a break above the .30 and triangle, surprisingly.
228
xlf is in a bear desc triangle...
216
3min xlf has DTL that has been holding with near perfect touches....charts suggest it has a chance of breaking over the DTL
144
xlf is close to rsi bull swing failure...still forming...10min
142
moving up on higher vol here....
105
failure to make lower low could get the shorts covering soon.... will see
102
xlf 1433 should give a breakout higher....last .30
1259
poss bull inv HS xlf 2min
and on 133t
1250
bull crouch tiger xlf if hold .25
1245
this is very tricky here... i wanted to do a FAZ swing today but did not enter since i never got a good entry. and as the chart looks right now, i'm not likely to enter faz swing because possible bull morning star candles tomorrow, among other things. might change as day closes.
1240
15min bull diverg xlf suggests a pop higher,,,,,not sure if my stop will survive here tho....
1221
3min bear HS in spx poss
1210
1421 xlf sstop
1155
1424 stop xlf
1149
14.30 stop in xlf ffor now
1148
sso hit 3709 right near 3710/12 trgt,,,,has backed down was expected
1145
taking 3000 shares position in xlf to mimic a 3x etf at 14.36 for poss breakout. riskier momem trade here on xlf
1137
sso .87 stop hit....filled at .88
1134
stop .87 on all except 25% of sso
1130
xlf broke the .34........see if can hold for .44...last is .35
1126
xlf trying AGAIN to break over that .34 for .44 next....
1124
3712 sso still target for now...higher later maybe...
1117
stop 3685 not .83 now
1115
36.73 stop on rest of sso (well i always keep 25% for later in day)
1114
14.44 is xlf trgt on break over .35. last 1432
1112
3683 stop on 50% of sso...for small profit or free ride. and to reduce risk
1104
spx sso are in coil / bear pennant. pennant weaker for downside then desc triangle would be. it is making near perfect touches to the penant boundries.....at R now at .83....seee which way it breaks...up is actually favored believe it or not...slightly
1043
charts suggest spx pop up here from 1094
1040
xlf looks set to break higher
1039
sso MUST clear the .90 soon....or i'm out
1021
it is possible that if 1096 spx is hit, that 1095 could be converted back to support again (prev support around there)
1019
charts warn 3712 poss sso up
1018
lookg for sso to wreck the mini bear HS on 133t. if not then i will exit sso... charts suggest it should wreck it by going to 3685 again
1011
nervous sso could exit here at breakeven or small profit...i'll stay
1003
trgt first 3688 sso
1000
500 shrs more sso .71
theres a sso bull crouch tiger
956
.74 sso hit...higher suggested
950
charts suggest bounce up in sso, to .74,,, last 3653
943
sso should see 3674....i will see then if i want to sell it or hold longer for the daytrade.
9:24
Last few days, SPX has a nasty habit of NOT testing the ES pre-market low (today 1092). Of course it can, but thinking the 1095 ES will hold for the first hour, or enough to take some profits in the sso.
8:56 AM
TRADE: Trying some sso scalp at 36.84 pre-market. ES was 1094. seeing if ES will hurdle the prior 1095 support.
* 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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