Monday ramblings / ES Futures Monday pre-market

0410
VIX is now at 15min and 60min resist...so it should be fun

0405
not so sure we go down here before up first,,,i'm waiting to add shorts and am still hedged long in mcd and nke

0336
adding NKE here 7120, base now 71.51

0313
then see if es gets over 1073,,,theres resist there on 3min chart

0235
watch the stoch on SPY 15min,, often a decent move up comes when it first enters > 80

0233
15min stoch on ES at 81 now...thinking it can make 90 with another pop up,,, watching to see if 80 holds down or pops higher

0230
7 touches on the NKE trendline up...continues to hold thus far

0221
nke bak at 10min trendline support,,,watching to see if it holds

0213
watch for 3 green bars on 10min or 5min...3 white soldiers probable setup comoing

209
and...the expected bear trap has sprun as sps pop up here :)

202PM
the NKE 10min uptrendline v accurate... 5 touches so far to it with ahold on each and higher low each time,,, i'll stay long NKE as long as that holds up

0153
NKE at resist test now too...7192 should pop it higher else down again,,,bias up

0150
simple view ES: 15min rsi breaks 48 bullish, breaks 38 bearish,, bull bias for now

0130
MCD testing the HOD and yearly high now...i expect it to break higher,, 7420/30 trgt next

0121
nke just broke out of 10min coil...watching

0120
i'm getting buy prog warningf for mcd...watch next 15min

1252
but the macd bull diverg is valid :)

1252
*CORRECTION: macd line not ready to cross 0,,,wrong chart oops

1251
also 60min macd line ready to cross over 0 from spy (bullish)

1251
the SPY has a bullish 60min diverg on it, esp the macd lines

1242
MCD already


broken out of 15min bull pennant,,,this lil


move down is backtest, should


pivot up next
 
 
1239
but tna 3549 3585 3598 3670 with main 3599 3670 targets on quik glance

1229
mcd should see 7430 b4 7340

1226
NKE simple view: rsi needs over 60 then it should pop up nicely, on 15min chart rsi

1215
if triggered it will break the HOD after test HOD, pullback then higher

1214
MCD buy program warning,med strength at mcd 7378

1213
nke may stall at 7190, would be ok, last 7180.,,,higher trgts still valid

1207
in tna 3493 at 50% size

1203
my autotrader prog algo is close to entering TNA here3483 but no confirmation yet,,, algo has 82% wins

1202
MCD has bull pennant in 10min n 15min charts

1146
MCD just hit the 7378 trgt from 1134 AM

1145
15min ES has bull harami

1137
ES has marginally broke over its 3min DTl...wtaching to see if it holds over 1069 or not

1134
MCD broke over 7362 should go for 7378 then back for HOD test and break higher

1130
MCD has hit its targets from last nights charts,,,should go for higher trgts next

1130
MCD n NKE remain on "hold swing long" setups

1129
then i'll look to short that bounce today tomorrow whenever

1128
this has the look of short cover trap with a low today higher than fri low,, could go lower but charts suggest a higher low

1119
the NKE support lines in 60min have held perfectly thus far,, NKW v bullish over 7126 for 7243 ,,, under 7126 bearish / neutral and poss pullback to lower support levels

1110
in UPRO at 127.11 at es 1069
 
 
1058
right now for me this is a backetest in NKE with the price over UTL still, so added here

1056
adding pos #2 NKE 7143, avg now 7167

1049
dont think spx cracks just yet,,poss bear trap intraday here,,,i'm bearish midterm but this has char of poss bear trap

1038
MCD is now consolodating bullishly near its high of day / new yearly hi

1035
if nke can make 7271 first target, and then pierce higher,,,it should breakout higher nicely (3 drives to a high, not shorting the 3rd test of high strat),,,last 7202

1032
LONG here NKE 7187 for scalp,, starter position 25% size

1024
EXITING the AKS now for small 1% profit,,,can always reenter,,,

1020
charts suggest 80% prob that BAC has more up b4 down

1020
1308 impt pivot,,watching


to see if it holds down,

cuz break over it should

give .17
 
1019
poss BAC short at 1323 if it hits there,,, its at 1308 resist now,,also has R at 1317

1014
sso 3516 long looks almost good, but waiting for long scalp (at es 1075)

1007
for me, es 1084 daily trgt still valid despite this lil pullbakc

1005
my swing ultimate trgt is 75.48 in MCD,,unsure if it will get up there or not,, still bearish mid-term on spx dow russel, last 7388 mcd (unless mcd does a type of mini dbl top here today

956
since a new yearly hi, harder to calc targets, but 7447 is next trgt for now, other trgts to follow

955
MCD has just made a new 365 day high :)

952
ES 1084 if hit should stall...double R there with trendline R and horizon resist,,,will watch to see
if it holds down there or breaks higher after the pullback

946
if MCD breaks the 7381 trgt (expect it to) it should pop nicely out of its coil, last 7372

943
overshotr the .63 trgt by 5 cents,,, real first trgt today is 7381

940
if ES 1078 break suggests 1084 trgt

937
hedge longs on MCD and AKS green,,looking to reenter more BAC short, tza in time

900am
ES rose up to 1077 and hit its declining R trendline and has backed off now at 1074. That being said, charts suggest that the 60min downtrend can be broken if ES can hold 1069 and pivot up. A hold of 1073 would be a stronger indiciation.

* 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".