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SPX HOURLY OUTLOOK 9.30.08


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#11 SemiBizz

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Posted 30 September 2008 - 09:12 AM

3 Min SPX high consistent with retest...


Tested on lighter volume, but pulled back on even lighter..

1162 Next Hourly Resistance...

Speed bump around 1150...
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#12 SemiBizz

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Posted 30 September 2008 - 09:13 AM

I've got one more key level at 114600 ish Break that and Katy bar the door!



That one should correspond to the "Speed Bump" on SPX.
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Volume is the only vote that matters... the ultimate sentiment poll.

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#13 SemiBizz

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Posted 30 September 2008 - 09:23 AM

OK, at least a little doji is setting up here... I don't consider major resistance here.. FOR SPX 1166 is now the key, if we get back into 1166, we can race higher from there as long as we hold it...
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/VolumeDynamics  http://parler.com/Volumedynamics

#14 SemiBizz

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Posted 30 September 2008 - 09:25 AM

I don't have ES realtime here, but I suspect we're trading at a discount to cash SPX or will be... Somebody has RT ES, what's the story? Thanks...

Edited by SemiBizz, 30 September 2008 - 09:26 AM.

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/VolumeDynamics  http://parler.com/Volumedynamics

#15 NAV

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Posted 30 September 2008 - 09:37 AM

I don't have ES realtime here, but I suspect we're trading at a discount to cash SPX or will be...

Somebody has RT ES, what's the story?

Thanks...


ES is trading at 6 points premium to cash.

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#16 SemiBizz

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Posted 30 September 2008 - 09:38 AM

I'd be remiss now not to point out that all this upside is with a gun to the side of the head... We're still in negative candle trends in virtually all timeframes...
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/VolumeDynamics  http://parler.com/Volumedynamics

#17 swinger

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Posted 30 September 2008 - 09:40 AM

my .02 on SPX under 1137 is fully bearish over 1143 is fully bullish LT & IT buy signal at 1137 today--but that gets stopped and reversed if taken out. This could literally go either way in a heartbeat.
 

#18 SemiBizz

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Posted 30 September 2008 - 09:43 AM

I don't have ES realtime here, but I suspect we're trading at a discount to cash SPX or will be...

Somebody has RT ES, what's the story?

Thanks...


ES is trading at 6 points premium to cash.


Thanks....

I think we'll see some downside bets made here, but the cash index still showing strength...
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/VolumeDynamics  http://parler.com/Volumedynamics

#19 SemiBizz

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Posted 30 September 2008 - 09:44 AM

NAV SKF 106 is near... I sold mine yesterday at 118.75.... :D We'll probably see it under 100 again, so in no rush to get back in yet.
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/VolumeDynamics  http://parler.com/Volumedynamics

#20 SemiBizz

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Posted 30 September 2008 - 09:47 AM

First sign of weakness now in SPX... Doji-ed out here declining volume, they can either pour the coals to it and keep it moving higher, or gravity will take over...
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/VolumeDynamics  http://parler.com/Volumedynamics