4:02pm
I think Friday's close will be under 1108. But I am not willing to swing trade short. Will wait for tomorrow (Thurs). I also would not be surprised to see the weekly spx candle look similar to last week's (shooting star) tho that might be a tall order.
also, i saw selling today.... i saw what looked like distribution and profit taking,,, also these shoot star candles often mean that too
329
sold sso for profits at .83
318
pushed spx to 1106.50...held so far
[15:15:15] Chris: poss headfake to spx 1106 down, followed by up...
248
spx short term triple bulll diverg in 3min
246
chart pattern suggests possible 1112 spx but support must hold. i wouldnt be surprised to see spx close at 1108 though
239
1min bull W also for a mini pop spx...to 38ish sso
237
there is a crouching tiger sso if .77 is hurdled...but not as reliable in this whipsaw
210
for swing...no tza today, at least now...doesntlook like it will setup either but could change
205
sso stop set below lod of day
147
sso stall .84 expected
145
trying sso 3771 with tight stop
117
stopped out of 1172 tza for loss at .59.... still have the tza from 1130
114
this pattern in tza "usually" will pop up at least one more time, but i don't know if my .72 tza will get stopped out here... others could use a looser stop,
[13:08:07] Chris: UNH short is
behaving...last 2817
107
nervous tza from .72 could exit here at .70/.72.... i will wait ... stop still .59
1255
this tza is nerve racking now... it should bounce up again,,, i might exit the 1172 piece soon, keep the 1130 from earlier at breakeven. last 1168
1247
tza charts say it has unfinished biz on the upside, to me
1243
charts suggest 1105 ES will break, for now, to me. last is 1105
1241
also a nice bull diverg in tza
1236
among other things, tza is nearing a bull rsi fail swing...not confirmed yet so could turn down...in 10 and 15min
1230
trying a small piece
of more tza at .72....
riskier trade. momentum trade for breakout to 1214ish
1222
tza 1178 trgt hit...not much stall there yet
1221
stopped out of sso. took loss on that one. but tza is moving up and hedged against it, so no prob.
1212
asc triangle tza bullish suggests resolve higher in 21 min at 1234pm. target is 11.76,,, close to other targets below.
1210
poss spx HS forming 15min...unfinished. i'm trying to scalp the coil 3min and right shoulder 15min, before it breaks lower (if it does)
1203
sso has a coil in 3min that suggests breakout around 12.33 at curr velocity. if .93 breaks higher it could speed up.
if sso stays over .82, it is in coil. coil boundries about .82 and .92 for now
1154
sso targets 3797, 3817, 3831 with a stall at each one
1152
tza has a bull pennant 15min
1145
crouching tiger...medium strength not strong, for sso
1144
In sso at 37.88
stop on sso at 37.71....bought few shares to allow the stop here since i paid premium for this... my .85 wouldnt fill
1127
more tza at 1152 could work with tite stop...but im not buying now...still have mine from .30
1123
bulls need to step in here...the daily candle is a nasty shoot star...tho the wick is not that tall... per-market i suggested that we could get this type of day today.... bulls can reverse and form a green daily instead...lets see
1120
.61 tza hit...close to .63 next trgt
1118
ES testing very impt 1108 here...if it breaks should get a few points lower. then ES 1105 is impt
1113
152 prev target hit
right on nose, and stalled.... i'll hold
on longer for other targets
1112
stop .37 on 75% tza
1108
tza targets now 1152 57 63 78. stall at each one
1104
scalpers would take 1.2% profit here in tza. i will hold most tza...not selling here
1103
here is the expected 1148...last 1146
1059
stop moved in tza to .33 for 75%...breakeven. will keep 25% tza
1035
tza stop .22 would be tite, safe...stop set there for 75%
1034
tza targets 1138 1147 to start. i expect stalls at each tza target
1033
crouching tigetr in tza is 50% complete.....not there yet, could easily turn either way
1032
mental stop at tza .23.....may sell there in stead of .17
1022
trying some tza at 11.30. stop .17 for now. early entry
1022
UNH stop move to breakeven on rest of it.
1013
yea...tza now at 1132 down from 1150 as expected
1011
took partial profits in unh...stoped out for about 1% profit...will look to short again...
1009
tza might want 1123 or 1111...i'll wait on it...last 1150
1004
stop 2843 on 50% of UNH
1003
expecting unh stall at 28.23....last 28.32
958
scalpers would take the quick 1% in 10minutes profit here in UNH now...i'll hold longer
UNH stratgey: short a weak stock that does not go up with SPX. It keeps going down. When SPX goes down, it will plunge further faster
956
.50 broke and quick .39 as expected....may take some profits at .23
9:53
UNH testing .50 now....if it breaks it should go down more
9:40
TRADE: Shorting UNH 28.70 limit if filled, last 2865. Stop 30 for now, will lower later after analysis. Will start as daytrade and keep as swing if merited. First looking for 28.50 test to see if it holds or breaks. likely will hold on first test of it
Targets: 28.50, 28.23, 28.03, 27.87.
8:44 AM
Since 4:35AM, the ES bounced up from 1106 to 1111. The 1111 held again as R, they went down to 1107, and are currently at 1108. they continue to trade in the range mentioned at 4:35AM.
Wed 4:44 AM
Narrow range next 2 days?
it's possible that we get 1-2 days of narrow range bodies, dojis, shoot stars, hammers for Wedn and maybe Thurs
4:35 AM
ES just dropped from 1111 to 1106....needs to hold the 1106 else 1102, 1098, 1094. If 1106 holds, then 1109, 1111, 1112. Any bounce up needs to hurdle 1109, or else it goes back to 1106, 1102, 1098, 1094
* 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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