432
Analysis reveals, for qqqq that the move from 4400 to 4585 was more powerful, than the move from 4584 to 4664. That is, qqqq is getting tired. but this does not rule out higher highs, just tiredness, suggesting a pullback. but if a volume move comes, it could easily increase the momen again.
To me, purely from a tech perspective, it's now better to be short the qqqq than long, and simply exit and take a loss on any surge upwards/
424
interesting...spx 60min had 2 candles close ABOVE the BB when they were flatter, but now last 7 candles 60min inside. that is often used as a "short" signal, when the candle closes back inside, BUT its preferable for the bands to be wide for that setup (which they were not). Conversely, BB issues a "go long" signal when the bands are narrow (as they were) and then prices pop outside the BB and stretch it. So we have many mixed signals, as would be expected on a day with a spinning top candle.
400
be interesting to see next 15min in futures, then i'm done for this boring day
359
covering qqqq daytrade shorts... 11 cents on first trade, and breakeven (well whole 4 cents on 2nd trade) lol
358
covering qqqq shorts here
356
what if in coming days, qqqq goes down, drags down spx and dow, and spx never reaches its 1150 target? could cause heavy selling
346
for vix to move up, under BB not required...VIX did pivot up in sept oct nov dec while inside bb, close to lower bb
3432
not a lot of buying on this move up...yet
333
vix is also an inside day,,, not as nice as the hollow red candle from jan tho
324
everyones confused uncertain: buyers buy "up here"? sellers waiting too
316
if vxx re-tests its prior high from january, it will give 47% profit,,, more profit if it exceeds it
313
buying some vxx 23.33 swing...
310
charts suggest a test of Low of day...again not very signif given small range
309
more mild selling qqqq 4655
306
qqqq still under the 3min broken utl (bearish) but the range is so small today, under the DTL is less significant.
303
mild selling... qqqq 4657
252
qqqq is still in that bear rising wedge daily chart, 15min RSI DTL is holding bearish resist, 60min continues to ride the OB with little upward movement.
249
Mondays often carryover the trend from friday, then reverse on tuesday... possible down tomorrow with more volume
245
interesting that qqqq has stalled while others play catch up.... qqqq is not moving migher
237
interesting that KMB has not done welll the last week.... considering shorting it, not yet
231
the red candles 15min in qqqq are much larger than green ones today
230
another minor break under the support line 3min upchannel in qqqq...last break under today, it recovered.... backtesting now
238
the 15min bear RSI DTL on qqqq continues to hold,,,, still short qqqq for now... last 4656 .. nervous qqqq would exit here breakeven or small profit / loss
153
poss bull inv HS on VIX 60min
136
QQQQ is right at DTL macd trendline resist qqqq 4661, macd 0.48 on daily chart
117
still daytrade short the qqqq here 4658 and 4655 entries
105
equal selling here
102
buying prog now.
101
qqqq made new HOD... marginal... one cent
1246
qqqq now testing support trendline at 4655 here (support higher than beofre since trendline is sloped up
1244
PAAS is much more interesting to daytrade today than qqqq.... daytrading and also swing in PAAS
1236
VIX back down now at 1772, still watching to see if this is bull pennant or bear desc triangle
1215
shorting PAAS 22.55
1154
qqqq rsi vs price has a mild bear diverg 15min..not very strong, would need volume to effect it, but it could "whittle away" at the q's
1146
re-shorting qqqq 4656 the shares i covered..
1143
the qqqq has a bearish "inverse" flag now, which could be bearish,,, watching it.. i 60 min chart
1141
:) ES did bounce right at 1136 as expected... see if it hurdles 1138 or not,,,,bearish if not
1138
but charts suggest qqqq break lower, for now.... so saving shorted shares in case it does
1137
qqqq held the trendline support, why i took small scalp profits
1135
taking some scalp profits here, about 10 cents,,, small yea because narrow range so far,,, holding rest of shrs for more profits or breakeven,,,,
1132
ES "should" bounce here at 1136 couple points, if not then it's weak.... 1137 last
1130
qqqq now testing the UTL support in 3min at 4649....needs to hold here for bulls,
1129
more mild selling in qqqq.... being countered with buys, but selling is more
1127
VIX has broken higher out of its bull pennant...see if it can maintain or not...last 1786.. still needs over 1817 then 1840 to get going
1121
more selling.. warns of lower poss... 4654 last qqqq
1121
markets tiring, weakening, for the moment, unless a vvolume move spikes thenm higher... ES last 1139
1119
medium selling now bearish
1109
VIX has bull pennant now in 3min but watching to see if it converts to bear desc triangle
1103
if qqqq get higher....that would convert the bear rising wedge into a bull up channel...(daily qqqq wedge)
1102
mild buying now in qqqq
1101
ES 3min could be forming SMALL bear desc triangle
1100
adding shorts q 4658 near HOD 4660
1043
we might trade in narrow range unless support or R is broken. qqqq short / TYP will just be scalp, unless qqq breaks support UTL 3min... looks possible to break in coming 20 minutes / hours so trying the short qqqq. so watching to see if it breaks or not (higher or lower)
1038
i will daytrade short q 4653 typ 863 now
1032
mild selling here... qqqq 4648
1030
but qqqq daily in a steep bear rising wedge, suggests some pullback could come, though 47.19 higher is still in the wedge
1029
qqqq intraday in 3min upchannel... bullish over 4242, bearish under it
1016
despite that red sale, msft chart bullish right now in 15min chart
1014
500,000 shares MSFT sold red 28.79 .. looking to re-short MSFT but not yet... exited prior short on friday at breakeven 28.50 ... msft might want 29.01 or 29.40
1009
analysis suggests that VIX did not yet make HOD, last 1787, HOD 1796
1000
ES bear 60min shooting star dev, but will need confirmation with a candle close below its low
955
paas silver also has 2 15min red bars....but is at support here, see if it holds or breaks
947
vix has R at 1816, last 1789.... over 1816 bullish for vix, under 1816 bearish/sideways..watching for reaction up or down at 1816 area
933
interesting.. the VIX gapped up this morning,,, watching to see what it does,,, could be bearish for spx dow qqqq...last vix 1789
7:52 AM
we have gone up on declining volume the volume ...commented on it 2/25 and have shorted since then
http://christopherstockguy.blogspot.com/2010/02/is-this-move-down-repeat-of-july.html
the once a year event is still valid
http://christopherstockguy.blogspot.com/2010/02/once-year-bearish-event-happening-now.htm
but a double top to spx 1150, or even a pop OVER 1150, is certainly possible
qqqq already basicly hit their prior 4664 hi.... hit 4654 on fri ... will it pop over or retrteat? charts still bullish short-term tho oversold
* 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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