Monday ramblings

0445
ES and QQQQ are down afterhours, as expected at 0359pm

0440
qqqq hit 4985 AH, close to the 49.83 target from 4:02 PM.. it could go lower than that even

0440

SDS SPXU new swing entered this morning is slightly red,,, sds 2916 vs 2950 cost or spxu 2735 vs 2780

0402
wouldnt be surprised to see qqqq hit 49.83 in AH, 4994 last

0359
could move down 15min AH

0342
looks like one more push down b4 the close, last spx 1202

0326
i think we see more downside tomorrow

0324
there it is..broken

0324
qqqq should break .96

0319
vix stalled at 1998ish as expected, pulled back,,, now testing 1998 again,,, expecting break higher

0319
still see lower spx under 1202

0312
covering 25% qqqq shorts here to lock some profit at 4997

0311
4994 qqqq support

0311
1998 vix stalll....moved as expected but could stall there,,, last 1984

0309
stilll see vix up in coming minutes..

0304
vix holding its form now,,,caused spx to drop some there,,,still no vol tho

0302
down here but not on any meaningful vol...still chop for now

0300
i have a vix upside movement setup,, last 1970,,, bearish spx for now

0259
vix suggesting higher vix...

0247
last two 60min candles in ES bearish

0245
wow qqqq volume very low today

0232
qqqq 20 MA on 60min still under the 50MA...has not crossed it

0228
i still have a "stay short" setup

0225
1million qqqq traded red at 50.07,,,, MM could push up to cover their long,,, or drop it,,, could go either way depending on what they did earlier in day

0223
usually the failure swings hold the backtest, if not then i'll cover qqqq shorts and re-enter if appropriate later

0221
qqqq r backtesting the failure swing 10min,,,, see what reaction is up or down

0213
we have the bear qqqq 10min failure swing,,,watching for followthruough now

0211
looks like it will break 50.05 this time in qqqq for moderate target down

0207
down here but not on heavy volume at least not yet,,,still just chop but continues to weaken

0205
the 10min qqqq has one tooo, a break below the neckline would give a bear rsi failure swing

0204
qqqq 3min rsi bear HS developing,, but holding for now

0152
its likely they will hold up today in this light volume, then test 1190spx first tomorrow,,, spx moved to R today, move down to support tomorrow,, if spx doesnt close near highs, shows further weakness today

0150
i see downside today from here but it is likely limitited today,,,, whipsaw in coming days,,, then lower

0139
the qqqq 60min MoneyFlow and OBV are setting up bearish HS patterns

0130
49.83 first qqqq target down, short

0129
SPX stalled and turned down exactly at a perfect touch of the 60 min downtrend R line

0119
a 10min close under 5004 qqqq would give a good short setup

1257
i will do 50.12 short qqqq,, TYP is at 6.95

1240
daily spx qqqq still in a coil....up and down likely until it is broken either way

1228
spx prices still below 50 MA on 60 min chart.... 20 MA still below 50MA,,, daily coil

1224
last move up had good volume

1139
not so sure...there is a bear diverg macd hist setting up spx 10min

1124
but i can see a poss inv HS in 15min chart also

1123
spx 15min downchannel, ES 15min not so clear

1058
the sell program warning from 1026AM has manifested itself here,,,1196 spx to
1191, a 5 point drop.... lower still possible

1055
*correction: spx coil support is at 1188 not here... support is lower down, last 1192

1053
but a small bounce at the coil support wouldnt surprise either, tho bias still down

1052
spx right at the daily coil support here, looks like it will break lower

1046
spx daily continues to coil for now

1044
mini bear HS forming spx 3min

1043
*4946 stop tbt

1038
tbt stop 4547 for now,,,itte, last 4550,,, can always re-enter,,, would be a 1.9% loss if stopped

1035
qqqq pullled back right near that 4977 resist as expected... still see R there

1032
 short setup 80% complete now, hold time 15min-4 hours

1026
spx sell program here small, warns of more later,,, spx1196

1021
i seee 4977 qqqq then stall,, last 4971

1018
spx has more work on the downside though

1012
qqqq resist at 4971

1010
i see more sell vol than buy vol... last 10 minutes

1004
also there was some volume on the last lil move down, hence the short

1003
i'll try spxu 27.80... spx weaker now than 5 min ago.. bias for hours / days is down still

1001
TBT looking good this morn, recovering from friday decline

952
intraday bias is up to me, for now,,,

948
comments may be sparse today...

* 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".