25 replies to this topic

[redfoliage2]

Currently in Neutral mode.

[redfoliage2]

Mr. Market wants a bounce at this juncture..........

Edited by redfoliage2, 14 September 2016 - 09:21 AM.

[redfoliage2]

Update:

Neutral right now. 

But the bounce looks over...........

Edited by redfoliage2, 14 September 2016 - 01:52 PM.

[redfoliage2]

^{VIX remains high and I'd expect market to return to volatile mode tomorrow............}

Edited by redfoliage2, 14 September 2016 - 01:56 PM.

[K Wave]

AAPL keeping NQ elevated, but if 4740 goes now, bears could take the ball back....

[redfoliage2]

Since this is a quadruple witching week I don't think we can get a true resolution for the market direction  this week.  It may have to wait for the Fed next week.

Edited by redfoliage2, 14 September 2016 - 02:15 PM.

[redfoliage2]

The signal stayed at Neutral by the close today.

[redfoliage2]

I noticed that SPX and so SPY formed a doji.  It looks trying to make a kind of bottom ............

Edited by redfoliage2, 14 September 2016 - 05:15 PM.

[Bernie]

Back test of breakout from 2015 high and June 2016 Trendline. On the S&p

Edited by Bernie, 14 September 2016 - 06:37 PM.

[K Wave]

Back test of breakout from 2015 high and June 2016 Trendline. On the S&p

Yep, A whole lotta stuff right at the Breakout/Fakeout pivot as of close today....Dow 18K another one....

 

Bulls could still easily stick save it here....but if they don't do it pretty soon, then we could have just seen big swing top put in on various indexes....bear moves love to begin with fakeouts upside....

 

If you put up a weekly chart of DOW in early 1973 side by side with a daily chart of SPX/DOW today, the similarities in the structure are striking...moment of truth dead ahead....

 

Using NQ 4740 for my short term pivot zone....am guessing we get resolution of that area overnight, and we see a long stick on NQ tomorrow....

Something is a bit "off" with the AAPL/NQ disconnect today, and am guessing they get back in sync starting tomorrow. IF NQ does not go down tomorrow, and AAPL holds above 110, then I would probably give edge to bulls.

But if we get big down stick on NQ tomorrow and AAPL completely reverses today's ramp, bear prospects would be looking a bit better....

Edited by K Wave, 14 September 2016 - 07:42 PM.