12 replies to this topic

[EntropyModel]

I posted ST sell signal 2758 friday, and hourly swing sell, and analysis in video's and posts over weekend here:

http://www.traders-t...t-setups/page-4

 

Moving on to today -

I had gap close of that 2630-2640 as target, which we are close to now.

 

For the ST - we are not getting ideal setup for ST buy trigger, so lower lows are more likely than a strong bounce.

Resistance to any bounce currently @ 2670 area 

 

The hourly swing sell has a long way to go time wise, so I expect any bounce to get sold to lower low, high odds

to test 2600 area.

[EntropyModel]

Current market update:

 

https://www.screencast.com/t/xkWRICdAI

[EntropyModel]

Update on VST

https://www.screenca.../t/ZGYw7SK2Eseo

 

Got the bounce off 2620 - now VST sell, needs to hold 2645 to get bigger bounce to try to close gap, but

below 2645 higher odds the bounce fails. Details in video.

 

Swing hourly sell still ways to go - so any bounce is high odds a fib retrace only.

 

Generally, the tape continues to act bearish, with again a back sweep bounce at point of fear acceleration, i..e slope of hope 'bot action.

Edited by Entropy3.0, 06 December 2018 - 01:18 PM.

[alexnewbee]

Ndx almost closed the gap. I think it is wise not to have to much exposure on the short side.

[EntropyModel]

Ndx almost closed the gap. I think it is wise not to have to much exposure on the short side.

 

ST yes - as per posted setup for move into gap off 2645 as it held - but LQ lagging so long setups tend to cut off,

partial fill is more likely than move to 2700, though its possible.

Edited by Entropy3.0, 06 December 2018 - 02:01 PM.

[EntropyModel]

..and I just got early warning sell here ...too much retail buying again.

 

So its pretty neutral here ...I expect we chop around into the close  below 2680..

 

A move back below 2645 and system leans bearish again.

 

Highest odds were in either a 'back filling of low' or long choppy bounce into tomorrow.

Edited by Entropy3.0, 06 December 2018 - 02:19 PM.

[alexnewbee]

And Ndx was right, green now.

[EntropyModel]

And Ndx was right, green now.

 

That is a true statement Alex, the Comp closed green, dow/spx slightly down.

Edited by Entropy3.0, 06 December 2018 - 04:05 PM.

[EntropyModel]

Update on VST

https://www.screenca.../t/ZGYw7SK2Eseo

 

Got the bounce off 2620 - now VST sell, needs to hold 2645 to get bigger bounce to try to close gap, but

below 2645 higher odds the bounce fails. Details in video.

 

Swing hourly sell still ways to go - so any bounce is high odds a fib retrace only.

 

Generally, the tape continues to act bearish, with again a back sweep bounce at point of fear acceleration, i..e slope of hope 'bot action.

 

Yep as expected - just a fib retrace. Brief update here.

https://www.screenca...om/t/4tPhO9BvQJ

 

I had question about that 2645 number - does it apply to today?

NO - it is a 'dynamic support', that is, it moves with the market - so only applies that day, and moves during day.

In future i'll refer to that a the DayKeyPivot or DKP for short. 

Hope that is clear.

 

There are lots of support levels etc but the DKP is special, because its works with the ST buy/sell signal.

Edited by Entropy3.0, 07 December 2018 - 03:09 PM.

[EntropyModel]

For monday AM -

https://www.screencast.com/t/SIIh3ByyM