Monday ramblings / ES Futures Sunday night

349
out of spy short...took the loss

347
currently red down about 0.4 % in spy or 1.2% down in 3x

340
113.29 mental stop spy

336
now if 113.17ish hold i will look to cover shorts...waiting to see if breaks lower...

332
113.04 target on spy if broken

331
needs to break neckline tho...has not

330
yes. as expected....intraday dbl top forming in 2min SPY... because of failed 3rd atttempt at hi...

323
i might keep a small swing short spy overnight...

310
third drive to a high here in spx... spy newr hod at .36

258
113.26 wick was 120,000 shares

258
SPY wick down at 111.51 with a TimeSales print, but was only for 142,700 shares (not 500k)

248
for daytrade short spy i will prob cover if it gets to 113.44 (for losss)

246
spy short not looking good... over .28 here sustaining...

226
sds target 34.19...to start...last 34

224
spy at 60min support here at 113.20... testing...

221
yes. xlf breaking....marginal at .64.... 1456 and 1449 next xlf

220
short still good with spy under .26,,,to me

219
almost. 2 cents. SPY missed the .15 downside target by 2 cents at .17 and bounced... now at .22....

218
xlf 14.65 support holding but taking many hits against it.... xlf needs to go down in order for spy to go down

212
the 60min spy has now formed a new bear rising wedge, but there is plenty of room both up and down in it... early wedge... could see some volatility in coming days

211
looking for spy to stay under 113.26 for the short. last 113.22

209
xlf testing .65 again here support...not filledon .68 short

206
i did not add the fourth short in spy since it did not hit the upside target to add more. short 3 positinos now

205
i will add to skf at the mkt... if xlf hit 14.68;..... mid term hold

202
yes. xlf held exactly at 14.65 target... see if it holds or breaks

154
currently evaluating whether to cover spy shorts...not covering yet...watching reactions here

153
spy .26 target supp broke... spy trgt no 113.15

152
yes. sds hit fitrst target of 34 and backed off

151
spy close to testing the 113.26 now

xlf support to hold/break is 1465 and 1448 .. last 1467

143
xlf is now pushing down on the dtl support line, suggesting a steeper decline to follow if broekn and sustained

142
xlf 15min is in small intraday down channel

138
113.51 or 113.15 initial upside/downside targets. the 113.51 target is close to the prev target today of 113.57

137
spy has been in rectangle 113.27 and 113.39 since noon. watching to see if rect breaks higher or lower

128
testing high of day here now

103
sds 34 first test of R if it gets there

101
sds last 32.90.... LOD 32.85

100
its an "early entry" daytrade short sig

1259
SDS now has 89% confid crouching tiger (bear spx,,short spy) ... needs to hold 32.88 for reversal

1247
Spy UTL resist at around 113.57 (daily chart). last 113.33

1240
12:38 post--as suggested by 84% confidence bull crouching tiger spy

1238
spy looks like it wants to test HOD or perhaps make a slight higher hi here ... 113.29 last

1237
spx trying to move higher, but financials xlf not moving up

1222
one of my xlf down trendlines has these highs....15.40,,,15.13,,, 14.94

1212
so far, spy broke that #1 UTL and is backtesting it...intraday UTL

1210
spy intraday broke below its #1 steep UTL...may require redraw of 2nd UTL .. another indication of weakening momen, but could still see higher. usually 3 trendline re-draws are done b4 a reversal

1207
the xlf 14.71 is also close to the daily, 60, and 15min boll bands....

1206
so far...xlf 14.71 resist has held... see if it breaks higher on next try...

1201
XLF is right at a near perfect touch of one of its Daily DTL... testing it... 14.71

1153
tho, in SPY... today i expected high of 113.12,,,, it went higher to 113.39 so far.... was wrong on that # ... but still looks like pullback coming

1151
113.72 spy stop for now.... will lower later, or will exit at loss even before 113.72 if trade becomes un-merited.. for now, i still see weakness building despite the surge... so i am stayihg short for nowso i am stayihg short for now


1117
spy marginal violation under the micro support line at 113.16... see if it stays under .16 for test of .03

1106
113.03 spy is 3min upchannel support

1105
charts suggest test of 113.03 spy support...last 113.15...see if .03 holds,,,, bear diverg intraday forming

1045
ES testing 1127.... see if it can break higher....

1037
spy 113.12 short... #3 of 4

1031
113.17 spy resist... see if it hurdles that.. or ES 1129 actually...

1029
ES prior hi 1129...last 1126.50

1028
yes. hit the 113.03 target.... spy hit the 113.03 target.... hod 113.04 so far.... reaction up here is key....

1025
if a new high is made then a bear diverg will set up and i will add to shorts "up there"... for position 3 of 4

1023
3min pennant resistance at .92....last .90

1022
3min bull pennant in spy... but other chart signals suggest it will fail and break to downside...

1018
spy 15min trendline up support at 112.81... see if that holds,,,, that needs to break lower to get any more downside

1017
the spy bull flag is malformed, intraday, to me...will convert to bear wedge

1016
mini intraday bear rising wedge forming in spy...could see higher, but momen weakening now... last 112.92

1007
filled 2 of 4 daytrade short spy....2 more daytrade short positions left if merited....

1006
added 2nd spy short 112.87...filled

1005
missed the fill... 112.87 short lim if filled

1004
adding second spy short 112.92 lim if filled...

1000
yes. spy moving up as expected...still waiting to add short..not yet

956
i am expecting spy to pop up one more time this morn, then i will add second piece of short spy position if it does... last 112.79

946
112.81 yest high breached....last 112.93... 113.02 next spy trgt

941
spy 112.81 nextr

939
spy sustain over 112.71 implies 113.02 next..last 112.64

936
shorted spy 112.57...daydtrade.. position 1 of poss 4 in SPY short...

934
condidering short SPY 112.61. last 112.45

927
lets see if DOW gets to 10,754 or not in coming hours/days...and if so, whether the R holds there... i think R will hold

9:21
I am gald I sold my QID on Thurs at 18.98...QID now down at 18.49 pre-mkt... declined as expected (QQQQ higher)

8:07 AM
ES futures rose to 1119.75 overnight and have backed down a little, currently at 1117. They retraced close to the 62% FIB (1119.50).

Fibs for Thursday's decline 1125 - 1110 are: 1114, 1116, 1118, 1119.50, 1122
Fibs for decline from 1128.50 - 1110 are:      1114, 1117, 1119, 1121, 1124,

* 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".