The New CS Board

[dindindon]

09/09/15 SPX after close

dindindon Tuesday, 09/08/15 08:50:01 PM
The real test is the resistance 1969.28/0.382. Pumps a bit, bull will make the 2nd attempt on the old battle zone 1994-2019, 2032/2033. The first attempt on 1994 was a failure on 08/28, it breached 1993.48. Now, support is near 1960. since Bull has gained some "positive score", to be short term bearish, the pivot moves down to around 1894.78

Day's Range: 1,937.88 -1,988.63

The 2nd attempt on 1994 got rejection again, and then the index reversed down. Both the upward and downward movement deployed another Fibonacci 0.4465 displacement, these are corrective waves.

1937.88 vs. 1937.01 0.4465 1993.48-1867.01
1988.63 vs. 1986.54 0.4465 2134.72-1867.01

[1993.48-1867.01]
1896.86 0.764
1894.07 0.786

You may compare the post i did yesterday with blustar’s work. These numbers are designed for quick/scalp trades, imho, the capture rate is no more than 50% on an cumulative basis.

blustar Today, 05:49 PM

http://charts.blustarmarkettimer.com/
http://www.traders-talk.com/mb2/index.php?showtopic=161418

Update 9-9-15 : SPX looks lower into Thursday 1898 then higher into Monday over 1993 to as high as 2020.

chart: http://blustarcharts.weebly.com/uploads/4/7/3/6/47366129/5200615_orig.png

XLU closed at 43.60 on 06/18, the EXIT DIV date was 06/19 ($0.3927). Today, it closed at 41.31(09/09). The coming EXIT DIV date is 09/19 ($0.3804).
said earlier that sells XLU on any bounce opportunity. The opportunity cost is not as good as last 2 years, one Zap kills a whole year's dividend.

dindindon 06/18/15
Utility sector is rate sensitive (.. .. XLU). imho, if an Utility position has no safe margin, better sell it on any bounce opportunity.