Friday ramblings / Thurs eve futures

419
SPY daily money flow is warning of more downside, severely (after rally).
OBV even on strong stocks like MCD is warning of downside in these stronger names
Williams %R for spy is at a resist level but the R is at 57 so could go either way
SPY 60min boll bands are bullishly stretching


418
ADX says SPY daily still in downtrend and this is just a rally to get the di+ and di- closer


60min adx spy says nothing,, 15min suggests the rally still has more up


417
Monday's


close is impt: a SPY close over

107.00 would be MACD PpP bull

confirmation, suggesting the rally will

go higher if we get the close....
 
 
349
psychology of that pattern: initially a thrust higher was tried but failed (inverted hammer) BUT prices held firm at the low,,,,then a thrust lower back to the prior low was attempted, the low held again,,,and pivoted up to form the hammer.

348
the 2 day spy chart shows an inverted hammer followed by a hammer (last 2 candels) after red candles,,,this is often a bounce alert combo

330
one reason i added long hedge in HD is because of its reslience yesterday during the down spx day,, HD held firm yest (among other TA)

256
KO swing should outperform MCD swing,,,more upside room in KO likely

238
targets are the same as 8AM targets

238
1066 is next target on hard break of 1061

236
HD 3min asc bull triangle for 2900ish trgt

223
to be honest i was expecting a more bearish initial reaction to the 1061 es test,,,its an impt #,,,, could go down but the reaction thus far bullish... sellers weren't really "waiting there"

204
mcd new highs again, 7407,, last 7403,,,conserv would take profits,,,taking 25% off here and holding last 25%

137
marginal new yearly hi in mcd just now

123
taking 4.2% profit on half of tbt from 3 days ago

119
i still dont have an "add more swing shorts" setup

111
the es continues to hold this 1055 for now,,,bullish

104
paid lil more,,,in HD 2863

101
limit buy 2857 HD,,, starter position 25% size

1259
looking for an entry in HD long,,, i was short that awhile ago,,,

1248
just got stopped

1246
5577 ko stop on 25% of shares to protect profit,,,sotp on other 25% lower,,,can always buy back if stopped

1237
limit short es 1061 could work but i'm not taking it if it presents,,,too much work,,i dont want to salcp inside the bull flag

1221
on daily, KO had a bull flag, broke higher bull flag,,, backtested down to 55, and is now on its way to higher daily highs over 5750 (with stalls of course)

1210
mcd now at 7376, over the 7372 i sold some at,,but stilll have half left

1206
KO is approaching resist at 5590/5600,,,will watch reaction there b4 taking profits partially,, PFE has broken yesterdays high :)

1203 pm
7372 mcd taking profit

1157
i will take another 25% of mcd off soon to lock profits,,,i have the "prepare to exit" setup,,,should bounce around a lil to find a nice spot,, will keep half of mcd

1151
pfe made new hod but below yest 1609 hod,,,last 1604

1149
water torture drip vs breaking the dam

1148
or low vol lunchtime could cause small lil candles and form a wedge to break it,,, 1061 is still R and is respected until broken,,just presenting scenarios

1147
this consolodation here at es 1055/59 instead of at 1057/61 could be v dangerous for shorts,, a high vol move could slice right through the 1061 impt resist instead of stalling there, due to this pattern

1134
changed my mind,,,taking profits on 25% of shares up here at resist

1131
everythings at resist now...pfe,,,mcd,,,ko,,unh....but holding longer,,,if the R breaks then it should pop higher nicely,,,


1125
1061 es to 1054 down and 1054 hold bounce would be extremely bullish,,,watching to see how this unfolds,,tho the R "should be" strong at 1061

1118
looking for UNH test 3240 then break that higher, from 3180

1116
mcd is now just 14 cents from a test of its all time high,,,i still expect it to break higher over it

1114
i'm marking prices now on the daytrades and swings,,,and will take partial profits later at these prices if we dont move higher,,, if prices go down on ko mcd pfe,,,they should bounce back to around here, but waiting to see if can get the higher targets

1104
if KO gets > 5572 it should pop nice

11:02 AM
if ES gets a 10min close over 1055 expect 1061,,, 60min close over 1062 could propel es to 1067, 74 1080,, much R at 1062 ...1062 not likely to break higher on first time,,,1062 may be short area, depends on chart when it gets there

1047
my ES 60min rsi and macd line (not hist) have bull diverg,, the macd hist is forming a bullish PpP unconfirmed so far, still in dev

1044
shorts will get a third try to add more shorts swing,,,just need to be patient for right setup,, the other 2 signals came at 1197 and 1112

1041
spy is on a buy for "hold all day" type trades

1038
hmm that could have been a wave 5, dbl bot instead of lower low,,,watching

1035
mcd may want to backtest 7330/7340 but still in scalp and swings

1033
this is a decent spot to take 35 cent scalp profit on part of mcd shares

1029
the moves are fast and extreme,,,but the support and resist levels are being respected

1019
LOL the mcd daytrade is back at breakeven after all that,, i'll stay in tho instead of exiting here,,,still like 10 n 15min charts

1018
watching 1049 ES reaction if it hits there, last 1045


1001
in KO more 5530

955
mcd 7330 looks good here for day

938
the "early entry" in KO long 2 days ago swing has finally triggered,,,KO now moving higher and should hit its targets,, we knew KO would start sluggishly in the early entry

933
taking some UNH here 3187

929
for those who like candles,,, a neat technique is to have a daily chart, and then set a second chart next to it to TWO days (instead of daily).... the 2 day chart will show how the candles "combine" from the previous 2 days and show the 2 days as a single candle

904
interestingly,,,MCD has a red candle yesterday but its actually a continuation pattern up in mcd, because it did not pierce the prev days body

848 AM
1031/37...to 1028/1033 spx support trendlines,,, depending on (1) time of day and (2) whether wicks are included

Fri 838 AM
ES hit 1055 and stalled....1055 is an exact touch of one of the 60min DTL (steeper one),,,1061 and 1066 would be next target if ES  hurdles 1055,,, a hold under 1055 suggests turn down 1041, 1037 and if 1037 breaks then a test of the DTL support line.

Thurs 6:53
I've added 25% position long UNH 31.85.

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