Wednesday, March 9, 2011

Wedn ramblings (and Tues eve ES futures)

405
once again, es selling 15min after the close

400
how appropriate, an indecisive doji candle today, inside the SPX indescive coil pattern of last many days

356
boring close lacking convict either way

344
and a higher us dollar is not generally good for spx

343
VXX daily and 60min charts : to me, VXX looks more bulllish than SPX looks bullish, which would be bearish for spx in coming days weeks.

337'
for es, spx,,,i still have a swing short signal, to hold for days weeks

328
bear intraday gap down on 3min es,,,doesnt happen a lot intraday

308
poss bull inv hs , V now in 3min es,,,watching the support and resist for up or down moves

251
now watching to see if tests es 1316 or not, and then 1311

250
atm bearish es spy spx, but 3min needs more bars to confirm,,,a lower high thus far


235
when coupled with these 15 and 60m charts

235
this pattern on 3min ES,,,often it will tell the close, based on where it is 6-12 minuts from now

1234
today VXX is more bullish than SPY is bullish, suggests lower spy spx

1210
9 touches on the 60min resist coil

1209
SPY hit 60min coil resist and stalled, pb some

1200
3min ES rallies on lower volume than declines

1151
SLV silver looks bearish today,,,further declines expected in coming days weeks

1132
3min bear ES head shldr with 1304 trgt, near the 1306 prior low and horiz supp

1105
SPY hit 131.60 or one cent under trgt and bounced, low of day .60 so far but imo .60 is breakable lower

1057
since SPY bounce above the .61 without testing,,,.61 could break on the first try if it visits there

1055
SPY swing short signal is likely to remain on short for at least another 8 trading hours

947
DDS down nicely today

946
on 15min spy chart

945
SPY 131.25 is coil support, under 131.61 horiz,,,poss bull inv HS if .61 holds

942
swing sell signal from yest on spy spx still on sell

942
spy 131.61 support,, lower poss but stall likely there intraday

858am
GM

* 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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