127 replies to this topic

[EntropyModel]

I am unable to watch market fully today - but market is 'fully committed', so should not pullback, and especially around this key 2720 area,

if it does it is unexpected .... 

 

We are on step 3.3 - run on buy  (see previous link), typically the strongest move  - but close to triggering back to step 2 , the strongest moves will ignore

that so its a timeframe question, swing type trader wd likely hold and wait and see, as usually we go 'max extreme' on these type of moves due to 'bots.

Edited by Entropy3.0, 10 May 2018 - 11:29 AM.

[Waver]

Looking Great

[EntropyModel]

We're back at 'early warning' here - KP 2726 is first pivot ...below that, high odds a pullback ..maybe minor.

 

The strong Liquidity driving this move, is likely to continue next week, but, may pause here, so i'll be interested to see if/how price reacts

to guage strength of market without the spigot flooding open.

 

Today is a KEY day - 

 - if we pullback, or at least, do not put in another 20pt+ (SPX) new white candle, then 'normal market' rules apply but

 - if we surge again, then I have setup for a parabolic runup similar to early Jan 2018 ..with us around 4-6th right now.

 

No way predict, so just have to see how price reacts today.

Edited by Entropy3.0, 11 May 2018 - 10:15 AM.

[EntropyModel]

KP2726 broken, pullback signal -  min tgt 2715, max tgt 2705 ...typically last about a day.

 

If we instead rally now, and don't reach 2715 - market is strong, and likely going into that parabolic up move mode.

If we reach 2705-2715 - its 'normal'

If we drop under 2705 - its 'weak'.

 

This price action today will for me determine the strength of this swing up - which I expected to be 'weak', and limited to 2720, but

now 'appears' strong ( mostly driven by the LQ signal strength)...but, today is the key day to determine that on my system.

Edited by Entropy3.0, 11 May 2018 - 11:25 AM.

[EntropyModel]

Pulled back - to 2717 ( 2715 close enuf) so that is 'normal'.

 

Jury is out still here on my stuff, so now decision moves to monday:

 - another gap up and run and its parabolic runtime,

 -  if we sell off , we cd be early stages of Swing topping out

[Waver]

Thanks for the updates.

[EntropyModel]

We DID Gap up
We did NOT run.

So now comes key action - 
if we hold the gap and runup to new highs and hold into the close, then looks parabolic on my system
if we close the gap - system puts higher odds swing is beginning to top out
if we dither between those ..jury remains hung, but its 'less parabolic' if that makes any sense 

[EntropyModel]

I am starting to lean now to a gap close, and a drop to 2715'ish, then another run to 2750, and then swing to top out, its just a 'lean' right
now.

It would start with gap close and failure to run back to swing highs from there.

We are getting a 'hook' setup - is one main reason, a pattern I look for on this kind of high price persistent move.

Edited by Entropy3.0, 14 May 2018 - 11:30 AM.

[EntropyModel]

Yep - Spx close to gap close.

 

The important  KPs currently  (they change over time)

 1st 2727

 2nd 2715

 Cascade 2700

 

The 1st and 2nd, are target for retracements*.

A break of the cascade means Swing reversal high odds.

Edited by Entropy3.0, 14 May 2018 - 12:16 PM.

[EntropyModel]

I am starting to lean now to a gap close, and a drop to 2715'ish, then another run to 2750, and then swing to top out, its just a 'lean' right
now.

It would start with gap close and failure to run back to swing highs from there.

We are getting a 'hook' setup - is one main reason, a pattern I look for on this kind of high price persistent move.

 

Got the gap close, and failure to run back to highs off that (Kp2727) ...so ideally now run to 2715'ish ( +-3pts)

It's best not to project too far here as alot of setups are in play - so i'm just going one 'mini step' at time here.

Edited by Entropy3.0, 14 May 2018 - 01:16 PM.