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Those SPX Highs are gonna be tested (part 2)


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#11 SemiBizz

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Posted 28 March 2013 - 09:33 AM

And there it is... JUMPED THE CREEK... CHUMP HIGH TESTED.
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#12 SemiBizz

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Posted 28 March 2013 - 09:42 AM

Few snippets from today's forecast: (Posted 5PM ET yesterday onsite)

RUT

RUT slightly lower high and lower low but it too is just one long sideways chart. They have been banging hard trying to take RUT down, got it down to 940 and then closed it up at 950.29 or up 42 cts and nothing has changed here on the guidance, we still expect that high volume 954.00 to be tested...

SOX

Outside day with another marginal new high, however the important aspect was that the SOX filled the downside gap with a high of 434.18, closing back at 433.53. So we'll take a look at the volume but we do have a stealth sign of strength now because strong trends hold their gaps and this downtrend didn't today. That does leave open now all the real estate overhead back up to 441,51. So bottom line as long as SOX can climb back over that 434 mark and close over it that 441 target is game on.

AAPL

AAPL gapped down on stronger volume on Wednesday to 456, quickly fell to 454 and the lower to 450 and closed at 451 down almost 10 pts. We do have a sign of weakness here, but volume could have been a little stronger - therefore we'll probably see a bounce on Thursday, but because we did close on stronger volume under 454, we could see a test of 448 on a continuation.


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/tradingcoach1

#13 PrintFaster

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Posted 28 March 2013 - 09:44 AM

Airlines like Southwest still going parabolic, up 30% already in 2013.

Where is the recession everyone is harping about?

#14 zoropb

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Posted 28 March 2013 - 09:59 AM

65-67 today already.
I run a traders Blog with high probability targeting on ES , YM, and will put up 3 others if asked. I mainly trade es and YM. http://ztradingintro.blogspot.com/ YM targeting is closed to any new members for good. Thanks for your interest. Good trades to you.

#15 SemiBizz

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Posted 28 March 2013 - 10:00 AM

1576.09 - HERE WE COME ... B)
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#16 SemiBizz

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Posted 28 March 2013 - 10:01 AM

Have to look at the light volume here and Ben's wallet and conclude.. Viagra on an empty stomach... Proceeding to next stage of lap dance.
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/tradingcoach1

#17 SemiBizz

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Posted 28 March 2013 - 10:05 AM

Mdme Market is busy with another customer... Previous Nasdaq High 3263.63 Today's High 3263.59 Ahhh the tease... what a lapdance.
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/tradingcoach1

#18 zoropb

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Posted 28 March 2013 - 10:14 AM

at 65-65.50 area highs we will have odds for a 3-4 point scalp but only a scalp.
I run a traders Blog with high probability targeting on ES , YM, and will put up 3 others if asked. I mainly trade es and YM. http://ztradingintro.blogspot.com/ YM targeting is closed to any new members for good. Thanks for your interest. Good trades to you.

#19 SemiBizz

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Posted 28 March 2013 - 10:26 AM

Maybe they are buying on the "cannons"

US Sends B2 Bombers To S. Korea...


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Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/tradingcoach1

#20 zoropb

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Posted 28 March 2013 - 10:31 AM

cool pic T.
I run a traders Blog with high probability targeting on ES , YM, and will put up 3 others if asked. I mainly trade es and YM. http://ztradingintro.blogspot.com/ YM targeting is closed to any new members for good. Thanks for your interest. Good trades to you.