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A look back at SPX
If you look back at SPX March to mid April you can see the similar inverted H&S pattern we could 'potentially' be in here.
You can see the right side lower shoulder ran back up to just over 1350 beginning of May. I think this is where the 'speculation' that the SP sees another runnup over 1300 comes from.
Remember that this is just 'Speculation' based on prior chart trading patterns. Whether it will repeat is to be seen. I think if we do get a gap up on Monday the odds of it happening will be greater, we shall see.
Have a Wonderful Weekend!
Yep, morning turn didn't match Market upside
Now whether we get the turn today or a move on Monday is what is keeping the Markets quiet here. We are back to a point where we last broke to downside. I think that the higher low here could give us a green candle by eod to carry into Monday, maybe.
Yep, so far no reversal
Talk was that 2pm was a prime target but we shall see
Nice Trade
Need to see QQQ 55 SPX 1220 recovered to possibly get a late day rally going.
Being Friday and OEX it will be surprising to happen and most likely close right at those levels for Max Pain, we shall see
TNX also
TNX started out the day lower and trending down
I did not have the patience for the 10:30 reversal today and then the Market action had me trading against Euro/TNX which were accurate yet again.
Anticipation is another consolidation coil from the Euro and a Popup again, but the TNX needs to do the same.
Once again the Markets look like the Friday after Thanksgiving, morning arch back to below the open.
Was expecting today a TNX gap up and Market rally, still possible on Monday but looking less likely now.
Yep, everyday
When the Euro double top didn't see the Markets selling off I was suprised, but they were just lagging. Had 10:30/11 reversal set by FTSE hod but didn't have patience to wait for it.
Now will see if consolidation leads to another Popup, but might not happen today
QQQ 55 the draw
Euro chart showed the full pullback, didn't expect the Markets to follow but eventually they did
Looking for consolidation into eod now, expected midday rally
High probability if Another breakout
The Key is whether the pattern can get the continued breakout above this last 'head' 55.60. Support should be just slightly above the 'back' at 55/55.20.
Potential Mini Dragon QQQ
The Dragon has 2 bottom legs and has tested the 'back', now testing the 'tail', typical pattern would move now to retest the back 'tail' extension as a top.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=1748806&txt2find=dragon
Potential Mini Dragon QQQ
The Dragon has 2 bottom legs and is now testing the 'back', typical pattern would move now to retest the back 'tail' extension as a top.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=1748806&txt2find=dragon
Potential Mini Dragon QQQ
The Dragon has 2 bottom legs and has tested the 'back', now testing the 'tail',, typical pattern would move now to retest the back 'tail' extension as a top.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=1748806&txt2find=dragon
Covered the TNA Calls
Watching QQQ 55.35 for Support
Will see if can catch another HOD on TNA
QQQ 55 held support to 55.50 resistance
Selling the Call early limited my upside potential
Covering with the QQQ not getting the usual pullback would have been best
Market back to a 'normal' runnup to 10:30 reversal area
Might cover on a pullback
QQQ draw still 55 for now
Sell target 42.75?
Saw the 42 options pricing and now thinking that should have been the sell target rather than covered call.
Looking at 42 for support now.
TNA 42 Calls traded as high as 1.05 so needed a little more patience
Sold TNA Dec 42 Calls .75
Covered Calls will give me a little downside protection.
If they take them at 42 eod then still a profit.
Might help with some buying today
Should definitely help with support
QQQ SPY Div declaration
Might help with some buying?
Dividend Declaration Date: SPY
Dec-15-2011
Dividend Ex Date:
Dec-16-2011
Dividend Record Date:
Dec-20-2011
Dividend Pay Date:
Jan-31-2012
Dividend Amount Current:
$ 0.7701
Dividend Amount Previous:
$ 0.6249
Dividend Declaration Date: QQQ
Dec-15-2011
Dividend Ex Date:
Dec-16-2011
Dividend Record Date:
Dec-20-2011
Dividend Pay Date:
Dec-30-2011
Dividend Amount Current:
$ 0.1605
Dividend Amount Previous:
$ 0.1043
SP Futures 1215-1220
Looking for support recovered at the 100sma 1220 to hold today.
Still resistance 1230/1240/1250 and 1250 the prior major pivot will be the biggest one to overcome. I still think we retest the top of the Bowtie before we get a big selloff, mirror to the runnup Oct but to downside. OEX might try to keep a lid on any upside today, maybe, but expect next week to stay bullish if 1220 can hold good support. Might be a slow grind though with the gap ups grinding out in consolidation. Yesterday was a test of the 100sma as resistance so today might be a test of it as support.
QQQ premarket high 55.13, looks like OEX wants close near 55 with yesterdays 55 Calls selling at .20 so will be watching 55.20 for top or breakout.
Enjoy the Day!
Thanks, much appreciated
Enjoy the Day!
Thanks, much appreciated
Looks as though sentiment reversal started mid Nov and price reversal late Nov.
Will watch the resistance at the downtrend.
If CCI moves below 100 would that be a Sell signal?
Or is it better to watch for the TRIX moving back below 0?
Thanks for any insights!
Enjoy the Evening
Can you do a chart for TSON?
I would be interested in your perspective on it, thanks
Same here at 10am News
The lights flickered and the internet/computer locked up and needed to do a restart.
Then the internet tabs didn't want to open so another restart, sheesh.
Thinking I should have accepted the Gift on TNA in the am lol
Enjoy the Day!
QQQ high volume 55 Calls
Only 2 days left but there is a lot of speculation of 55 holding here imo. I used to watch QQQ Max Pain but lately watching SPY since I am trading SPY related funds.
Have Fun!
I look at SPY Call/Put Open Interest
The highest Open Interest is right at 125 strike but 123/122 strike is getting a lot of volume today.
I still see SP 125 Max Pain
Of course that could change if a significant # of contracts sell today.
Will be interested in what you find.
Enjoy the Day!
IWM Ibox chart 6.5 days downside
Looks as though yesterday's low was again 6.5 days of downside from the last top?
I think the Sell the News might have been it for today as I don't see anything else to motivate the Markets here other than OEX.
Euro might offer some support at 1.30, will see if QQQ can recover 55.
Sell the News gap fill
Of course my computer locks up right at 9:59 lol
QQQ testing 55 for support now SPX 1220
Markets want downside for now, still expect bounce but that morning move might have been it
Sounds Good
So far the resistance is holding but SPX 1220 QQQ 55.25 testing for support.
PMI comes out at 10am
If it is green then the Markets should go green, we shall see
Bonds post from Highhertal, interesting
"Uncle Ben is doing some POMO today and a double dip tomorrow. Remember what happened in Nov. when Ben did a double dip POMO?"
"I think the big double POMO was on Nov. 25, check out a chart what happened the following few days."
Interesting if can get a repeat eh?
http://www.newyorkfed.org/markets/tot_operation_schedule.html
Bonds post from Highhertal, interesting
"Uncle Ben is doing some POMO today and a double dip tomorrow. Remember what happened in Nov. when Ben did a double dip POMO?"
"I think the big double POMO was on Nov. 25, check out a chart what happened the following few days."
Interesting if can get a repeat eh?
http://www.newyorkfed.org/markets/tot_operation_schedule.html