8 replies to this topic

[dTraderB]

Personally, I prefer a rally from these levels that will drive down volatility and allow me to short at much higher levels and buy lower cost QQQ puts.  But I don't want volatility to go too low since I want good intra range to daytrade.

Here are two interesting opinions:
Here we are at the most important trading week of the entire year

 

 

http://www.futuresma...eek-entire-year

Dow Troubles: New IT Trend Model Neutral Signal - OEX Triggers ST Bearish Signals - Indicators Bearish

Erin Swenlin | March 19, 2018 at 08:03 PM

"Unfortunately, the short and intermediate-term indicators are bearish. Short-term indicators have been falling for some time and they do not look interested in moving back up yet. There is plenty of downside room for them before they become oversold"

 

http://stockcharts.c...rs-bearish.html

[CLK]

I noted the triangle break also, I think that's an important break to the downside. So far no impulse move though,

doesn't make sense for a wave 3 or C.

[CLK]

 A 10am or any following hourly close of 2730 and the downtrend is over.

[da_cheif]

Personally, I prefer a rally from these levels that will drive down volatility and allow me to short at much higher levels and buy lower cost QQQ puts.  But I don't want volatility to go too low since I want good intra range to daytrade.

Here are two interesting opinions:
Here we are at the most important trading week of the entire year

 

 

http://www.futuresma...eek-entire-year

Dow Troubles: New IT Trend Model Neutral Signal - OEX Triggers ST Bearish Signals - Indicators Bearish

Erin Swenlin | March 19, 2018 at 08:03 PM

"Unfortunately, the short and intermediate-term indicators are bearish. Short-term indicators have been falling for some time and they do not look interested in moving back up yet. There is plenty of downside room for them before they become oversold"

 

http://stockcharts.c...rs-bearish.html

a series of rising bottoms off the feb low?   so what is bearish about that?

[tsharp]

By my preferred count, the SPX has entered wave-c:iv and this leg may drop to the ~2450 range... twt.

[dTraderB]

Note there is good support at around DOW 24700, at several times  during the past few weeks. 

 

If there is a new high today (current one at 2729 ESM regular session) I will consider LONG trades but I think the markets may be somewhat quiet going into the FED decision tomorrow.

[dTraderB]

NQ Short-term hourly turns down, again, after a brief up move.  I watch NQ hourly as well as VIX, VXX, and 10-yr Treasury charts, all 4 of them in a separate laptop. 

[CLK]

Five min. sell is locked in at 2715, most likely highs are in for the day. Huge volume distribution on the 2717-20

up bar. I know it's counted as up volume, but the next is down which says it was distribution.

Edited by CLK, 20 March 2018 - 10:54 AM.

[OEXCHAOS]

FWIW, I'll be talking with Erin on her show next week.