For a short term swing trader, ES 2184 and SPX 2185 are the bull-bear lines. Swing has been bearish for nearly 3 weeks on SPX. The compression is immense, something i have rarely seen. We are not going see any plain vanilla move out of this compression. It's gonna be a doozy ! Above ES 2184 do not remain short. Short every rally below ES 2184 for now.....adios.
SPX - bull bear line
#1
Posted 06 September 2016 - 09:09 AM
#2
Posted 06 September 2016 - 09:23 AM
Above ES 2184 do not remain short.
Forgot to mention, double down and go long above ES 2184. With stops of course.
Edited by NAV, 06 September 2016 - 09:24 AM.
#3
Posted 06 September 2016 - 09:27 AM
SOX starting to underperform...just took out Friday's swing lows...
Edited by K Wave, 06 September 2016 - 09:27 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#4
Posted 06 September 2016 - 12:02 PM
RUT lagging a bit, but Cumulative A/D Volume not showing any signs of weakness.
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#5
Posted 06 September 2016 - 12:09 PM
SOX starting to underperform...just took out Friday's swing lows...
Tsk Tsk... after a new 15 year high on Friday .... Notice it closed down on the day though.
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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#6
Posted 06 September 2016 - 01:27 PM
Second mouse megaphone ?
(red is still neckline of a potential h&s so far)
Edited by iloli way, 06 September 2016 - 01:30 PM.
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
#7
Posted 09 September 2016 - 12:37 PM
Second mouse megaphone ?
(red is still neckline of a potential h&s so far)
Let my chart do the followup talking...
Edited by iloli way, 09 September 2016 - 12:38 PM.
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton