wedn ramblings (and Tues eve ES futures)

351
the setup was there but didnt materialize

351
well.. yest i mentioned possible 3 white soldier today... we did NOT get it....

342
nervous sso can take


profits here... i'm staying in... and the

HOD test is still feasible
 
 
335
lets see ES 1097 if it gets there...has been HUGE Resist today..huge ... but if its pierced higher, trigger stops for a move up

315
massive R at ES 1097

314
prices will usually go BACK to the direction of the program trade... in this case up.. how fun to watch :)

311
clearly sellers were waiting at spx 1099

311
poss bear shoot star 10min... but need to watch next candle to confirm

307
can easily pierce this boll band...they are narrow not wide

306
spx stalling at the 15min boll band...normal

305
the 3720 R on sso....

303
see the GAP on the 3minES???? the gap usually means "program buying"


259
sso still a valid buuy here 3704 swing, to me...

247
still no tech damage to the sso swing

244
xlf stop 1435 still and i will not change it lower

234
the pattern to test / surmount todays highs... still valid just weaker

233
60min suggests sideways but the 15min can drag it down

232
ok the 15min spx is now weakening. not broke. but cant take many more hits.... still bias slighly up

229
watching for posss headfake down

222
comparison of 60min green vs red candles suggests bullish close...unless bears can get a large intraday candle...

216
intraday,,,until 15min chart is broken, i am bullish into the close... 15min still says up for now to me

209
...60min chart...small waves... wave 1 up done, wave 2 down finishing here, wave 3 up???? just an idea, not an ewave guru

202
i still maitain that the 60min needs a bear diverg (among other things) before any further large move down in spx. this requires a higher hi over 1105 in the spx.... other indicators suggest similar...

157
despite 133t M... still long sso... longer time charts suggest higher after any pullbacks....

156
133t chart-- bearish M...target 3680ish if breaks down.. grr... mixed signals here...

154
today might look bearish but thus far,,, bulls have held prices OVER the 5,15, 20, 50 MA on the 60min....

151
15minutes chart not broken yet... still says up despite decline....

145
3747ish sso trgt...last 3717

145
my bias is up for a push at least to test HOD.... look at 15min charts...10min...3min

143
spx...i think the 1100 will break higher...but risk is the dbl hi on 3min

139
if spx holds 1098...should get 1105 easily...but a big if

137
watch 1104 spx.... 1104/05 my trgt here

136
sso trade premises all still valid... xlf hangin in there...last 3719

133
idea: agressive trade: sso at the mkt here... 3714

132
hmm sso hit 3706 not 3705 for that prev trade idea....lim wouldnt be filled...

127
2191 comp could trigger up... 2189 last

123
sso 3706ish backtest would be ok for longs

118
this is a classic bounce up off the 60min 15period MA

115
i still have 1111 target lol...being stubborn... charts still sguggest it to me

112
sso: this trgt is hard one... diff calcs give me 3743, 3747, 3751
 
106
SPX just hit that 1098/99 target scalp i mentioned earlier :).. from 1095ish

105
sso to 3712, then stall, expected. last 3703

104
since 12:03pm,,,, spx sso formed mini up channel...daytraders scalpers would find that useful

101
3711 is sso DTL 3min intraday R that it needs to break

1259
the malformed patterns... they often work best, the non-obvious "artsy" ones lol

1258
10 min sso suggests 3747 target next... last 3701

1249
sso still needs that 15min candle close above 37.20... that should provide upside accell if / when it comes...last 3693

1241
spx still going for that 1098/99 scalp trgt
 
1235
this inv HS in spx sso continues to setup ... daily chart

1227
moved xlf only cuz theres a poss asc triangle bullish in it ... stop still above the cost so no loss

1226
14.35 stop xlf... i'll give it a LIL more room, moved from 14.37 stop

1216
sso 10min rsi has dbl low, macd hist a mod inv HS bullish

1216
10min bull diverg. nice 60min still suggests up
 
1214
nervous sso from 3704 could exit here near breakeven... i'll stay

1212
spx stretching for that 1098 now

1211
LOL this crazy xlf... still in by a one cent miss on the stop... exhasperated xlf could sell now for 1% profit on remaing shares... i'll just keep em

1202
3min bull diverg...prob bounce here... spx 1094.50

1153
one cent from xlf stoput... not lowering it, they can have it

1151
sso should find RSI support 60min around 47...last is 51

1149
as long as sso is over 3640 the swing is ok with me...last 3691... 3640 would be a backtest to the broken trendline 60min... swings require wider stops to endure the whipsaw gyrations,,, as happened in FAS 2 days (exited it profitably after some whipsaw)

1145
still holding the sso swing... no tech damage here...yet at least...

1144
LOL somehow the xlf didnt hit .37 yet to stop out
 
1134
if 1095 holds i think we break yesterday's high for a new high to 1109/1111. today.

1133
sso is right on the fib#1 support line here...10min chart

1123
speculating that a poss inv HS will form 10min spx... only half formed....

1120
SSO just backtested the broken UTL (now R) and backed off... i expect it will re-enter above it (10min chart)

1118
the 60min warns of a correction DOWN but it should go UP first

1117
we got the sso 10min candle close over 37.10... next i want 15min close over 37.24.... that should seal a run for 37.50...then a close at 37.60 should give 36.90ish... targets est not precise

1112
that bull crouching tiger from 10:56am is now maniifesting itself 15min later

1111
sso has intraday R at 37.27 and 37.23.. the 37.27 is the 3min DTL resist

1110
selling sso .23 the scalp piece....keeping swings and all-day-daytrade piece

1108
remaing xlf stop 14.37.... 2 cents from stopout on part where profits not taken... wont lower that stop, its above cost.. as mentioned yest 1437 is actually a poss BUY point for xlf,,, but i'll just re-evall if stopped out.. isnt moving as I wanted it to,, original trade premise hanging by a thread

1102
looking for 3710 candle CLOSE on 10min...last 3707

1057
trgt 3723 first

1056
86% bull crouch tiger sso...is why i entered

1055
buying sso 3704 here

1051
an spx long setup is forming, but being patient and waiting...sso last 3704

1036
see if sso holds 3674...last 3693

1036
still have that sso xlf fas from lower prices in the swing port

1035
i'll wait for the 15min chart to settle down in spx and then maybe re-enter long....

1025
grrr stopped out 3707 sso...at least got some partial profits at 3730ish

1020
close to the sso 3711...might get stopped out for mere 7cents profit on sso (took partial profits at 3730ish).... other sso from 2 days ago has lower stop

1015
see if sso makes over 3738ish on next up...thats the coil DTL... last 3727

1011
the 3min sso is starting to coil now,,, could see some sidways chop with lower highs and higher lows in next hour...

1007
a 10min candle close under 3723 would give a bear eve star in sso

1005
looking for 3711 sso to hold....last 3726

1000
hit 3740---close to 3743 T1, then 3751,,,real target 3807ish

957
scalpers would set the stop sso 37.27 for 27 cents gain

956
i likely will sell 75% at 1111....lotsa R there...will refine target later

955
stop 3707 on the newly added 37.00 sso small port...risk free trade, free ride

950
sso target on thaqt is 3743/3751

949
it should have pulled back more, already...than this

949
sso might go right to 37.50ish (not exact trgt) b4 any pullback this morn.....

947
oh there's another piece of fas at 72.24 too...less profit

946
fas at 74.50 vs 72.08 cost

945
sso hit the 3732 target exactly and backed off as expected... expecting that todays low is in... or 1096 to hold

943
that 3 white soldiers candle mentioned yesterday... perfect formation thus far...bullish

942
sso 3732 will likely stall...last 3726

941
*23 cents profit not 25

940
i'm taking 25 cent scalp profit on some sso here... keeping swing... expeecting the usual down-test

931
:) yesterday i suggest that spx would open at 1100. it opened at 1100.67

909
Pre-market, I bought some more SSO at 37.00.

8:53AM
looks like spx will open today below yesterday's close, as expected. as mentioned yesterday, a thre while soldiers candle pattern can develop today (we have 2 white candles now), so the open is not necessarily bearish, provided that support holds in spx.

I'm already still 25% long swing (sso 35.80), having taken profits yesterday, and will be observing to see if a re-load on the longs is merited this morning.

* 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".