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The Nightly Updates are sent out Sunday Evening to Thursday Evening for the following  day's trading session. This publication's primary focus is trading the index futures ($ES_F) and ($NQ_F). However, you can also use my nightly updates to trade the following ETF's (SPY), (QQQQ), (SDS), (QID), (DIA), (VIXY), and (DOG)

 

 

INTRADAY LOG FOR TUESDAY - NOVEMBER 21, 2017

HOW OUR TRADING DAY WENT: Not what I expected, but we turned things around and the ES went from zone to zone on Tuesday, with one reversal and new support held by 1 tick. CLICK HERE for a quick video recap.

21 Nov 2017 09:21 am
good morning. this is not the way I wanted this day to start. the ES is only 2 points under its all-time high right now, and a new all-time high likely won't stick.

21 Nov 2017 09:26 am
In any case if you are 1/2 short from yesterday either hang on and was to cover on a move to 88 or lower if it gets there and no sign of a turn, or

21 Nov 2017 09:30 am
or hold for this with a stop at 94 and look to add after coming down to fill the gap on a bounce

21 Nov 2017 09:34 am
and needs to get over 91.50 and then hold 91 to keep going to or through 93--94, a failure to clear 91.50 could be pullback time to or through 88 area must break

21 Nov 2017 09:35 am
in case of a new high beware that it will likely have a hard time holding the first time it's up there over 94, although a shot at the 96 area is broken first

21 Nov 2017 09:38 am
93 reach so far and should make token higher high, a pullback needs to break 91 area to put a dent in the uptrend though

21 Nov 2017 09:40 am
just made the token higher high and is backing away a bit from just under the all-time high so far and needs to hold over 91 or else there could be a high-end place instead of new all-time highs in a chance at 96 if 94 broken with some gusto

21 Nov 2017 09:43 am
92-91 needs broken through and not turn right back up to leave a high in place for a while. I will meet you online around 10:20 or a little after this morning

21 Nov 2017 09:47 am
96 needs broken and held to go parabolic up towards 98 to maybe top there. Has to go back under 93-92 area to begin breaking uptrend

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

21 Nov 2017 12:02 pm
early running up through 93-94 the ES has had 2 pullbacks of just 2.00 points and right now as long as 97 homes the ES avoids any kind of trouble at all

21 Nov 2017 12:06 pm
the next resistance aside from the 2600 round number would be around the 2602-2603 area if this action continues. Upside from here today appears limited to that area at most at the moment anyhow

21 Nov 2017 12:06 pm
and by the way the market has been acting around its new highs on the way up

21 Nov 2017 12:11 pm
as far as a trade on the short side a scalp trade for about 1 point could be made off of another test of the high at 99 or token higher high at 99.25 that immediately turns down. Otherwise uptrend intact unless 97 broken now

21 Nov 2017 12:13 pm
but rather day with the trend and be buying what they stop that is about 2 points under the high as trend and momentum both strong light up right now on ES, NQ coming off top

21 Nov 2017 12:27 pm
that ES backing away from 99 yet again and and less broken it's going to lead to a break of 97 that eventually while the NQ continues to struggle holding onto its gains from its all-time high

21 Nov 2017 12:29 pm
I will be back around 1:15-1:20 but will update if necessary before then if I can get off of the phone in time

21 Nov 2017 12:32 pm
if there is going to be a move that takes that ES under 97 it should be this one. The NQ is still the better trading vehicle from up here, and must hold this 6378 level or 6374 could be tested/broken and that is important area to hold their. back in

21 Nov 2017 12:53 pm
that ES might have a chance of going down to the 86.25 area if there is a break under 97

21 Nov 2017 01:22 pm
that ES is still stuck in the same 2 point range it has been in cents first reaching and turning down from 99 around 11 AM, so about 2 hours 20 minutes and this tiny range. A breakout of either side would need to be enough to hold the breakout area a

21 Nov 2017 01:24 pm
also if there is going to be a break of this range this afternoon as there should be, then with the Dow cash making a triple top so for it's high at 23,618 needs taken out

21 Nov 2017 01:33 pm
so far another test of 99 being backed away from but this is its best shot at getting through 99 it has had so far today it looks. Needs to only have a 2-3 tick pullback and turned up again

21 Nov 2017 01:38 pm
finally made it through 99 and now there is a chance of this poking up over 2600 and reaching 2602-2603 as long as a dip can hold 99-98.50 area and turn back up again if reached

21 Nov 2017 01:42 pm
there is a chance for this move to last into the very very late trading as long as another pullback is only 2 points or less from whatever the high is

21 Nov 2017 01:49 pm
that ES just reach 2600 and backed away a bit and now will need to continue holding over 98 for this steady grind higher to continue throughout the rest of the day

21 Nov 2017 01:58 pm
98.50 area will need to hold on this pullback if this is going to stay in a strong uptrend and not go back down to the 97.50-97 area where there could be a breakdown if not able to hold

21 Nov 2017 02:02 pm
symmetry finally broken and must hold 97 or else a bigger breakdown could be underway. A bounce now should be sold into at or more likely under 2600.50

21 Nov 2017 02:08 pm
so far holding just over the 97.50-97 bottom side of the range, and could be another breakdown which looks likely or if a bounce in instead it should fail under 2600

21 Nov 2017 02:15 pm
2.75 point pullback from the high is also far, but this move should stop below 2599 area on a bounce. Shouldn't see 2600 again and if so should be sold leaving a double top

21 Nov 2017 02:28 pm
from here there should be more room to go on the downside than on the upside, but needs to be a break under the 97.50-97 area and break the bottom of that trading range

21 Nov 2017 02:32 pm
the VIX made it all the way down to 9.69 this morning, and is now at 9.90, a move over 9.98 could mean bigger breakdown coming on the ES.

21 Nov 2017 02:33 pm
Right now it appears to have come back into its range and should have pressure on holding under 99, yet needs to still break 97.50-97 bottom of the range

21 Nov 2017 02:34 pm
on a breakdown there is minor support around 95.50 and is broken to the 94-93 zone should be the lowest or else bigger reversal underway.. Need breakdown first however

21 Nov 2017 02:40 pm
another move over 99 has a chance to give a bounce up to 2600 again, but if so beware of a 123 top if a lower high reverses. If that does not happen, possible that 2602 gets a test then comes back down

21 Nov 2017 02:44 pm
you may want to also keep an eye on the Dow cash. It came down from a triple top and its bounce is looking feeble and if it rolls over more it could help pull the ES down with it

21 Nov 2017 03:00 pm
back in that range between 99 and 97.50, and if the Dow cannot get back above 23,601 and hold over that level, but break/hold under 23,593 for it to break lower and the move should happen soon

21 Nov 2017 03:04 pm
99.25 token higher high above the 99 top of the range and should come down to or through 97.50-97 area now

21 Nov 2017 03:05 pm
the Dow has broken its support and further selling through 25,586 would be more bearish

21 Nov 2017 03:09 pm
the VIX went up to 9.97, just missing the 9.98 level where it had a chance to break out higher, and needs to close the day up or else the even more stretch on the downside

21 Nov 2017 03:11 pm
the Dow is still heading lower and the ES has a chance of going back to or through 97.50-97 and if so keep going to 95.50 and if no turn their then 94-93 zone again

21 Nov 2017 03:18 pm
almost ready to break 97.50 and if this keeps going through 97 and then holds under 97.50-98 area on a bounce attempt then still headed lower

21 Nov 2017 03:19 pm
95.50 and if that doesn't hold 94-93 is major area to hold or else bigger retracement going back down to around possibly all away to the 89 low area on the open if good momentum on the downside

21 Nov 2017 03:24 pm
so far 96.50 pullback low but a chance for another push lower if this holds under 97.50 on a bounce. Has to get back above that area and stick in order to avoid what could be a poor close

21 Nov 2017 03:27 pm
in the last 35 minutes that ES needs to get back above 97.50-98.25 area and hold above that area,, otherwise one more like down good happen and could go a little lower tube around 95.50

21 Nov 2017 03:33 pm
with the ES backing away a bit from the 98.25 updated resistance, must have buyers hold 97 the rest of the afternoon in order to avoid what could be a move back down to 95.50 late in the day.. If 98.25 broken, could see retest of 99 or a bit higher t

21 Nov 2017 03:33 pm
have a great rest of your day! I'll meet you here in the morning after updating tonight. Take care!

 

INTRADAY LOG FOR MONDAY - NOVEMBER 20, 2017

20 Nov 2017 09:08 am
good morning. This early strength may not last real long as it's on the high for Globex trading since that started last evening. has to take out a and hold 80 area at least.

20 Nov 2017 09:10 am
NOTE: I have an appointment this morning at 10 AM at my house and it should not last longer than 1 hour. 45 minutes at the most I hope. I'll update until 9:45 and then would need to go

20 Nov 2017 09:16 am
pullback from under 80 early needs to hold 78 then 76 would be a key area to hold in order to avoid potential breakdown of some sort.

20 Nov 2017 09:25 am
would need to go under 79 and not get turned back up right away in order to break this uptrend at thhe moment

20 Nov 2017 09:30 am
80.50 would need to be cleared and held and is bearish under that right now

20 Nov 2017 09:34 am
break and hold under 76 needed for a break down of some sort, possibly test the 73-72 area if that happens which is major area this morning/today

20 Nov 2017 09:38 am
backed away from 80 early pivotal resistance twice and has to clear and hold around that area in order to get better bounce and avoid potential trouuble if 76 broken

20 Nov 2017 09:40 am
78.50-78 should hold if this is going to have a chance of getting through that 80 area and set of going down to 76 or more

20 Nov 2017 09:42 am
reversing from 80.50 pivotal area and has to be able to hold over 80 area or else is going to be vulnerable and especially if the VIX keeps its downtrend having gone from 11.83 all the way to 11.09

20 Nov 2017 09:46 am
NOTE: I hope to be back before 11 AM from my appointment this morning. At the moment they ES stays under pressure and could go down to or through 76 if the 80 pivotal area is not broken above and able to hold and turned up from 79 at the worst

20 Nov 2017 10:49 am
that ES is going to need to make a move over 81 and then the able to stay above 80 longer than 1-2 minutes before reversing at least if this is going to avoid another pullback that must hold 77

20 Nov 2017 10:50 am
the Dow cash started a rally from the open and after a small pullback bounced up to test its high and turned down and now has a potential 123 top, must hold under 23,442 or else invalidated and a chance of grinding higher. Similar on ES

20 Nov 2017 10:52 am
meanwhile the NQ has been sold on all of the bounces and is just coming off of its test of Friday's low and will need to continue holding 6313-6311 or will break doown further and set of a bottom there

20 Nov 2017 10:55 am
another pullback needs to be small and that ES get over 82-83 next and be able to hold up and that area also, or else a pullback under 80-79 again should mean top in place for a while at least

20 Nov 2017 11:01 am
internals are strong enough right now that a close this strong should put my 3 Day Thrust and RBI oscillator and a pew other internal indicators into overbought territory already. The VIX has dropped all the way to 10.64 already, going to be hard to

20 Nov 2017 11:03 am
81.75 high so far and 82-83 is the major area to get over and hold especially before noon

20 Nov 2017 11:07 am
has to go over 82.5 and hold 81.50-80.75 area at worst, or else top could be in and especially breaking 79 and only a feeble bouncce after

20 Nov 2017 11:16 am
backing away at 82.50 by just a little bit and must hold around 81.50 otherwise might be a bit too far and make it hard for another bounce to get to or through 83 top of resistance zone

20 Nov 2017 11:16 am
with a tight stop just over the zone a short for a scalp at least

20 Nov 2017 11:23 am
pullback turned right up from 81.25 and put a dent in the uptrend and upside momentum so another pop-up to around the high for a token higher high likely to be sold into. 80.50-80.50 pivotal area first target if broken

20 Nov 2017 11:28 am
short with stop over 81.50 high of the day gave a scalp opportunity and could end up being a top at least for a while if the 81.50 broken next and then holds under 81.25 would put pressure on to or through 80 key area

20 Nov 2017 11:29 am
the VIX came all the way down to 10.64 to reach a short term extreme along with the internals being strong enough to put several of my internal gauges and overbought territory also. A move over 10.87 could reverse the VIX downtrend. Internals could c

20 Nov 2017 11:32 am
which happens at times, and mmaybe this time after having poor in kernels so often lately, even on up days. Should be high in place and could comee back down through 80.50-80 and not get turned right back up

20 Nov 2017 11:39 am
80.50 pullback low so far and a move under 80.50-80.00 should keep going down to or through the 799 area, which is halfway back to the late Friday low

20 Nov 2017 11:48 am
bounce from 80.50 backed away just under 82-83 resistance again and still needs a break through the 80.50-80 area with some momentum if this is going to break down and not have a shot at the 82.50-83 high/token higher high

20 Nov 2017 11:49 am
update and about 7-10 minutes roughly

20 Nov 2017 11:57 am
with the ES holding 80.50 it still has a shot at the 82-83 zone again and would need to avoid a double top or a 123 top if a slightly lower high

20 Nov 2017 12:05 pm
small pullback from a lower high at the 82.25 resistance and now must hold under 82.25-82.50 in order to keep a top in place and have a shot of breaking 80.50 and thus the Grange this has been in up here

20 Nov 2017 12:12 pm
backing away again from 82.25 resistance again by a little that and a move back under 80.50-80 would leave a top in place and especially if the Dow turns down here from its double top attempt also soon here

20 Nov 2017 12:16 pm
should be on the way to test were break 80.50-80 and could keep going through 79 if it's going to be a bigger pullback or breakdown starting around this noon time time frame

20 Nov 2017 12:18 pm
be short underr the 83 resistance and this should have trouble getting over that and holding. And we could get a good set up if indicators are still overbought, and the VIX keeps dropping. Doubtful

20 Nov 2017 12:20 pm
the VIX has Going down Using 9 and 18 EMA on 5 Minute Chart for Its Trend guide and a bounce from its 10.55 below needs to go over at least 10.69 right now to have reversed – another negative if happens

20 Nov 2017 12:21 pm
we have the Dow coming ddown from a double top while the NQ is almost back to its 6313 low and 6312 was it's late Friday close, equivalent to the 72 area on ES for a breakdown

20 Nov 2017 12:23 pm
which just happened and it's getting flushed a lot lower on this 1 minute bar so far, and with that the ES took out the 80 area and now must not go under 79 without turning right back up or is in bigger trouble but bounces should fail.

20 Nov 2017 12:24 pm
I will be away until around 1:15 roughly but will update ASAP when time permits. Before this right now I said to be short with a stop at 83 or just above and now it should be just above the 82.50 high which shouldn't be seen again today if those are

20 Nov 2017 12:26 pm
it's a holiday week but just a 5.50 point range so far today and with a bigger overnight session, there is room for this to go a lot lower if it wants to

20 Nov 2017 12:49 pm
82 resistance was sold again and now needs to go under 81 and not have much of a bounce after that if this is going to have a breakdown from up here, instead of biding its time while the Dow firms up and can towards its high also.

20 Nov 2017 12:54 pm
so far with the 3 rejections of 82-82.25 and 82.50, a breakthrough that 82 high area might have a shot at continuing to or through 83, and if not reverse but instead keeps going then it makes 84.75-85.50 minor area for a turn

20 Nov 2017 01:18 pm
ES has its better shot at taking out the high and possibly a very on this move and if so watch 84.75-85.50 for a minor area above

20 Nov 2017 01:19 pm
going to need to keep holding above 82-81.50 at the very worst

20 Nov 2017 01:31 pm
needs to stay above 82.50 area if it's going to keep going up to 84.75-85.50 area, otherwise could be breaking current stairstep higher move starrting from 79.75 and leave a top in place at least for a while

20 Nov 2017 01:34 pm
the VIX has reversed up after getting all the way down to 10.44, reaching a short-term overly bullish extreme. And if internals are this strong at the close, most will be overbought extremes also. It's looking like better odds selling up here and e

20 Nov 2017 01:38 pm
testing 82 low area of resistance zone and must hold there and go up to a higher high, otherwise a high could be in place at least for a while. Keep an eye on the Dow cash it should state under its high or barely above and turned down if broken

20 Nov 2017 01:47 pm
the Dow cash needs to go up above 23,455--457 area without coming right down or it is vulnerable and a move back under 23,444 that sticks and goes through 23,434 also is a breakdown of some sort starting on the Dow

20 Nov 2017 01:53 pm
the NQ came off of a new low for the day and made it to where the last breakdown started and backing away of bit and will need to get over 6319.50-6320.50 and stick in order to avoid another pullback from this area. Almost equivalent to 83.50 area on

20 Nov 2017 01:55 pm
if the ES comes back down through 62 than it could start a pullback of some sort and possibly to or through the 80 area if that happens, otherwise still a chance of getting to the 84.50-85.50 minor area before 88-89 zone

20 Nov 2017 02:04 pm
123 top just made and needs to come down through 82 still in order to put in a top and put pressure on the market. Upside from here is likely limited especially if indicators close overbought and the VIX will be bearish no matter what unless a huge j

20 Nov 2017 02:19 pm
3 pokes over 83 top of resistance to the 83.50 level and will need to continue holding 82 has a new support number to hold or else could begin to break down again. Whatever the case upside won't be easy

20 Nov 2017 02:22 pm
at least put on 1/2 of a position oon the short side either in some put options or inverse ETF or simply the futures . The NQ could be the better short but in any case this set up good lead to a decent sized drop

20 Nov 2017 02:24 pm
only the Dow hollding this up today for the most part and the NQ has been very weak and rebound off of its low so far at 6305 and could make a lower low around 6300 or just below that before the ES goes too far

20 Nov 2017 02:34 pm
has to break down through 82 new support and hold under that area, or keep the slow grind higher going and take out 83.50 triple top and continue up towards 84.50 or a little more before backing away again

20 Nov 2017 02:36 pm
starting with 1/2 of a position will allow for a bit of a wider initial stop and can add to the position if proven correct tomorrow or this afternoon

20 Nov 2017 02:43 pm
the Dow cash has been in a range made from 12:15 PM until 12:25 PM between 23,456.63 down to 23,434.67, and would need to get through the top of that range if the ES is going to make it to 84.50-85.50 area or possibly a bit higher. Needs to happen p

20 Nov 2017 02:50 pm
if there happens to be a break back under 82 then we could see another continuation towards 80.50-80 that will need to be quickly reversed again if reached for barely broken

20 Nov 2017 02:52 pm
update and about 7-10 minutes.

20 Nov 2017 03:00 pm
the Dow has begun to roll over that but still has another 5-6 points to keep going to or through the level of that and minute range from 12:15 until 12:25 just after noon time, not much on a normal day but narrow range today and 82 also Dave's broke

20 Nov 2017 03:05 pm
another bounce from 82.25 and holding just over 82 is going to keep this out of trouble at the end of the day and still could try for the 84.50-85.50 if there is a move over the high that's not turn right back down yet again

20 Nov 2017 03:08 pm
going to need to hold 83 now as new support or else a shot at ccontinuation downtowards 82 for more at the end of the day.

20 Nov 2017 03:09 pm
will be holding the 1/2 of this short position overnight and what to add to it tomorrow if there is a good set up to do so after potentiial breakdown or higher high

20 Nov 2017 03:11 pm
continue keeping an eye on the Dow cash as it needs to at least get above 23,450 without turning right back down or else it could continue its pullback into its close if this action in use

20 Nov 2017 03:23 pm
should make a move under 81 and it down to 80.50-80 and could haave a bounce attempt from that area and if not that could let go and of the day and keep going towards 78-77 or more before days end

20 Nov 2017 03:28 pm
80.50 was just touched and that is going to need to hold at the end of the day otherwise the ES could continue down to or through 79 and possibly 77 low at it cannot hold 80.50-80 area in the last 33 minutes of trading

20 Nov 2017 03:29 pm
whatever happens I'm not expecting a bounce to be able to stick above 83 IF reached.

20 Nov 2017 03:32 pm
stay partially short, and have a good rest of your day. Look for the update this evening, and then meet me for a quick comment preopen before we go online. Take care!

 

INTRADAY LOG FOR THURSDAY - NOVEMBER 16, 2017

16 Nov 2017 09:04 am
good morning. We are going to get an internally oversold and overly fearful bounceand should hold 72-71 or there could be a reversal of some sort

16 Nov 2017 09:15 am
should see this be sold either on the open or sometime in the first 40 minutes at the very latest, unless getting a 20+ point rally that last most of the day

16 Nov 2017 09:21 am
overnight Globex high was a little under the 76.50-77.50 resistance and that area should be hard to get through unless going to the 80s before backing away. Well take lots of work

16 Nov 2017 09:26 am
72-71 could turn pivotal area if reached and probably should hold, otherwise a little under at 69.50-68.50 need to turn right up back above 72 and keep going to avoid reversal

16 Nov 2017 09:27 am
update about 5 minutes or so after the open

16 Nov 2017 09:32 am
has to turn down from 76.50-77.54 a pullback at least or else had on up to the 80.50 area. 74 must hold or else break of trend

16 Nov 2017 09:37 am
1 tick over resistance so far and must only have a small pullback after that. Need to go under 76.50-76 and not pop right back up

16 Nov 2017 09:38 am
reversal from resistance must not go under 74-73 or else there could be more pressure put on it is not a good bounce right away

16 Nov 2017 09:39 am
top just 1 tick over resistance and should not go back up and take that out now as it should be a top unless going up to 80.50 or more

16 Nov 2017 09:40 am
I will meet you online at around 10:20

16 Nov 2017 10:00 am
74 still key trend S

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

16 Nov 2017 11:59 am
after backing away from just under the 84.50-85.50 zone that ES held the 81.50-80.50 zone and turned up and is back up close to the 84.50-85.50 area which is broken must only be a small pullback after again or else potential for a reversal around th

16 Nov 2017 12:05 pm
resistance met, must hold 83.50 and order to keep uptrend from breaking and possibly leaving a top in for a bit. The ES might have a shot at its next resistance at 88-89 if a breakout holds and strong uptrend continues, will need steady underlying be

16 Nov 2017 12:11 pm
85 reached so far and if 85.50 isn't broken through and keeps going(doesn't look like it right now) than a pullback needs to hold 83.50 at the lowest or else there could be a top in place at resistance

16 Nov 2017 12:29 pm
with the ES breaking and holding 84.75 (basically 84.50-85.50 area) on a dip that ES just made a new high at 86.75 and should be on its way towards 88-89 area next if this action continues

16 Nov 2017 12:30 pm
as long as a pullback does not go back under 84 area without turning right back up. Actually shouldn't get down there, should probably have a pullback of 2-3 points roughly half of a high in order to keep steady strong uptrend alive

16 Nov 2017 12:34 pm
I will be away until around 1:15-1:20 but well update if necessary ASAP before then. otherwise looking for small pullback's to hold and be turned back up as long as he 5-84 holds on the way to just above at 88-89 next.

16 Nov 2017 12:35 pm
93.50 all-time high area a little above that, and should have a lower high unless this reversal kickstart another strong rally may be into Thanksgiving holiday. We will see.

16 Nov 2017 12:35 pm
I will be back in just a little while update is necessary

16 Nov 2017 01:19 pm
the ES reached the low end of the 88-89 resistance and back away but unless it come back down to around 85.50-84.50 without turning back up again it will stay in a strong uptrend with small pullback on the way up and set of a possible reversal/bowl t

16 Nov 2017 01:27 pm
the ES rallied 23 points from yesterday's close, and right now coming down from the 88--89 resistance and getting close to the 85.50-84.50 zone which it broken could leave a top in place for today and headed towards 82 and then possibly down to 78

16 Nov 2017 01:36 pm
85.50 prior resistance held twice so far with small pullback continuing to hold and now the ES must go up and get through 88-89 on this move or else a reversal and break under 84.25 could mean reversal of sums four possible. Trend up move otherwise

16 Nov 2017 01:45 pm
first real decent sized failure relatively speaking all day, and this this makes a move back under 85.50-84.58 pullback underway with 81.50-80.50 major area to hold or else 78 at least

16 Nov 2017 01:47 pm
however, if 85.50 continues holding and there is a bounce that takes of 87.25 it must keep on going right up through 88 or else going to have another pullback of at least 2-3 points to begin with

16 Nov 2017 01:53 pm
pop-up had good momentum and should hold 85.50 on a pullback again and as long as it does the door stays open for a test of the 88-89 zone. However,, a pop-up to a lower high that turns down could set up a 123 type top and decent pullback to follow

16 Nov 2017 02:01 pm
still is in a trend up mode and should go make another higher high above 88 resistance, maybe not far above but still in a trend up day as long as 85.50 area is held right now

16 Nov 2017 02:09 pm
with the 2 biggest pullback's being just 3.00 and 2.50 points, a pullback of that amount from the high would be new support to hold and with this in a strong trend up move, buying dips with stop 2.15-3.00 points under the top should continue working

16 Nov 2017 02:10 pm
89 top of resistance zones reached and should hold 86.50-86 on a dip, not see the 85.50 lows again, in order to keep the strong uptrend intact

16 Nov 2017 02:11 pm
the area below will continue to move up if prices keep moving up. Next resistance would be getting up to the all-time high area and test 92.50-93.50

16 Nov 2017 02:15 pm
should be able to get 2 points and pay for a 1 month subscription at least with the ES trading around the zone again. But better buying on the dips to old resistance/new support on the way up

16 Nov 2017 02:18 pm
89.50 high of the day and 87-86.50 area would be another 2.50-3.00 point pullback so must hold that area or else could down to or through 85.50 area

16 Nov 2017 02:19 pm
the NQ is rolling over from its high somewhat aggressively and if it does not hold around the 6352-6350 area at worst then another bounce that follows should be sold there under its high

16 Nov 2017 02:24 pm
so far came down to 88 prior resistance and high, cannot go much further or else could be topping out instead. Breaking 86.50 could probably go down to or through 85.50, and would need a strong rebound if symmetry broken by a tiny bit

16 Nov 2017 02:25 pm
needs to hold the 87-86.50 zone or higher and go up and make another new high in order to keep this move going also

16 Nov 2017 02:27 pm
looks like the 2 pick move over resistance that turned out right away could turn out to be a top if this keeps going a bit more through 87-86.50, and neither get momentum or see a bounce fail

16 Nov 2017 02:31 pm
just above 87-86.50 symmetrical support, needs a bounce or risk going down to or through 85.50 and leaving a top in place, at least for a while as bounces should begin to fail if that happens

16 Nov 2017 02:35 pm
if there is a move up to around 88.50-89 that gets turned down, it could be a 123 kind of the top and start a better pullback that could start a late day pullback set of continued trending up into the close

16 Nov 2017 02:42 pm
so far reversing from a lower high at 89.00 making for a 123 type top and pressure should be on as long as 89 is held below at the moment

16 Nov 2017 02:43 pm
still needs to take out the 87-86.50 area in order to break down from that topping formation

16 Nov 2017 02:45 pm
the VIX turned up from a support area on its chart at 11.38 and turned up and after sideways move came down to 11.44 and turned up for a bearish signal there also.

16 Nov 2017 02:46 pm
should be on the way to or through 8-86.50 area on this pullback and possibly cut through the 85.50 low area where the prior resistance was

16 Nov 2017 02:50 pm
87.25 reached on the pullback and going much further through 86.50 could cause a breakdown of some sort, possibly a sharp one

16 Nov 2017 02:54 pm
ES just reached 86.50 and attempting a bounce but holding under 87.50-88 to keep pressure on four further breakdown in the last hour. Or breakdown and come back down to test were break 85.50-84.50 prior resistance.

16 Nov 2017 02:56 pm
feeble bounce failed just under 87.50 keeping pressure on to test were break through 85.50-84.50

16 Nov 2017 03:01 pm
ES attempting another bounce but still needs to get back over at least 87.50 without turning right back down or else pressure stays on and headed towards 85.50-84.50 or lower on this move

16 Nov 2017 03:11 pm
the ES is almost down to the 85.50 level and 85.50-84.50 prior resistance needs to hold as new support at the end of the day now otherwise instead of bouncing and closing well, could reverse and continue through 85.50-84.50 down to 81.50-80.50 area f

16 Nov 2017 03:18 pm
getting the breakdown attempt and need a good bounce from 85.50-84.50 and get back above 87 in order to get the pressure off and avoid late day pullback

16 Nov 2017 03:19 pm
however going through 85.50--84.50 and not turning right back up then opens the door of going back down to the 81.50-80.50 area before end of the day. Would take some work

16 Nov 2017 03:28 pm
bouncing from 85.25 low at new support and should hold in the last 30 minutes in order to avoid a decent pullback. Upside likely limited from here and needs to get momentum if it's going to attempt to close at or above 88 -89 resistance

16 Nov 2017 03:29 pm
still appears that the ES needs to keep going and take out 87 without turning back down in order to get something going a bit more on the upside.

16 Nov 2017 03:30 pm
market has been bullish most all of the day until 2:15 PM, and normally should have a good close but a rejection of the 88-89 area should be bearish and could set up another decent pullback

16 Nov 2017 03:32 pm
89.50 high of the day only 2 ticks over resistance and was only above for a few seconds before coming down again. And then the 123 top. Should be a good hike in place no matter what the rest of the day.

16 Nov 2017 03:32 pm
have a great rest of the day! And update this evening, and then I'll meet you here in the morning. Take care!

 

INTRADAY LOG FOR WEDNESDAY - NOVEMBER 15, 2017

HOW OUR TRADING DAY WENT: Third day in a row with a big down open, but this one Going until making a 123 bottom and then getting over the next new resistance. It stopped right at the 2571-2572 prior support and down from there. CLICK HERE for a quick video recap.

15 Nov 2017 09:01 am
good morning. we are going to have another big down open and traders are used to the market bouncing back. Not so sure this time needs to at least get back over 70 and hold above it

15 Nov 2017 09:06 am
monthly lows on the day session at the 63.25-62.25 levels and then yesterday's 64.25 low. So that zone around 64.25-62.25 should be very important.

15 Nov 2017 09:10 am
under that the next support is at 58.50-57.50 area. If reached the ES would be down a little over 1%. would likely bounce. Haven't closed down 1% in eons.

15 Nov 2017 09:22 am
I think that unless there is a good bounce from above 63-62 that at least gets back above 67.50 and holds 66.50 after that, but might be hard to do today

15 Nov 2017 09:25 am
the 63-62 area should be broken pretty soon as it's the monthly low and then down there 3 times already. A failed bounce could leave the door open to go back down there again

15 Nov 2017 09:25 am
I will update a little bit after the open

15 Nov 2017 09:32 am
headed to the 62 area and needs to hold obviously and get over 66.50-67.50 and hold

15 Nov 2017 09:37 am
58.50 already reached and 52 major area next that needs to hold to avoid what could be a pretty big down day for a switch

15 Nov 2017 09:40 am
feeble bounce from 58 failed and 53-52 must hold and get back over 58 again at a minimum

15 Nov 2017 09:42 am
beware of a potential turn between 9:50-10:10 roughly. If no good turnaround before then at least back over 58.50 area and hold over that

15 Nov 2017 09:42 am
I will meet you online around 10:20

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

15 Nov 2017 12:00 pm
after washing out to the new low at 55.50 the ES went back up above 63-62 and turned up and had reactions at 67.50 new resistance and just topped and turned down at 11:25 AM from the 71.50 level (71-72 new resistance) and should sell off more

15 Nov 2017 12:02 pm
a move back under 67.50 and especially 66.50 area could mean going back to around 64.25-63.25 area

15 Nov 2017 12:03 pm
but just needs to be continued weakness here down to or through 66.50 and hold under 67.50 after that

15 Nov 2017 12:07 pm
bouncing from 66 and it's the 67.50-68.50 area that is resistance to get above and be able to stick instead of turning down to avoid another push lower

15 Nov 2017 12:09 pm
68.25 reached so far and should go much further if there is going to be another decent push down

15 Nov 2017 12:13 pm
66.50 tested and now needs to go back over 68.50 to attempt a little bit better bounce and not go back under 66.50-66 area

15 Nov 2017 12:21 pm
right now it looks like a move over 67.50-68.50 again and hold needed in order to avoid another push lower. The NQ is getting hit from its high and that ES could begin following

15 Nov 2017 12:25 pm
I am going to be on break until around 1:15, but will update if it's necessary ASAP. Could be tied up on a phone call for a bit though.. Right now needs to break 66.50 again to get downside going possibly towards 64-62 area.

15 Nov 2017 12:26 pm
otherwise could bounce back towards 70 area, if not rejected then test or break of 71-72 again

15 Nov 2017 12:26 pm
back in a while

15 Nov 2017 01:15 pm
not even a break as I have been on a long phone call but in any case only a feeble bounce and failing at 69 area twice after stalling their and pressure on unless it's broken above

15 Nov 2017 01:16 pm
just needs to go through the 66.50--66 area without turning right back up and could go back towards 64-62 again bad

15 Nov 2017 01:27 pm
so far that ES is trying to hold the 66.50-66 area where the bottom of the support zone is along with the prior swing low. If broken by much, then it would open that door for a move back down to or through 64-62 area.

15 Nov 2017 01:28 pm
lately all of the bounces have been getting turned around and rallying back most of the way, but don't think that is going to happen today. Seems everyone expects another afternoon bounce/rally

15 Nov 2017 01:30 pm
if it's going to get down there it might take a while, and probably needs to hold under 67.50 at the very highest on a bounce attempt and turned down again

15 Nov 2017 01:42 pm
getting over 67.50-68 can get this turned back up at least for a bit, and must continue holding the 65.75 pullback low 1 tick under new support

15 Nov 2017 01:54 pm
a somewhat feeble bounce reached 68 and backed away. It still needs to get over the 69 level at a minimum or else it's vulnerable for a move back to around 64-62 this afternoon

15 Nov 2017 02:03 pm
needs to be a good bounce from 64-62 area with some gusto in order to avoid potential breakdown through that zone which would not be good if it is broken/held this afternoon

15 Nov 2017 02:06 pm
64.25 is 1 tick over the 64-62 zone and needs to be more than a feeble bounce and get back above 65.50 and be able to hold up there if that is going to be the pullback low for the afternoon

15 Nov 2017 02:08 pm
must avoid a break and hold below the 64--62 area this afternoon, or instead of a late day rally like most are expecting we could see some capitulation selling instead

15 Nov 2017 02:16 pm
64.25 touched twice and turned up as the ES attempting to hold just above the 62.25 level which would be the breakdown level if it's close to below today. Needs to keep going and get back above 66.50 without turning right back down – or else still

15 Nov 2017 02:21 pm
held for a third time and now should not go back down there again or else there could be a push down to or through 63-62 again and possibly lower.

15 Nov 2017 02:21 pm
Must hold that area and get above 66.50 to be attempting a turnaround. Also has 60 EMA just under 68 would need broken above also.

15 Nov 2017 02:26 pm
66 bounce high holding under 66.50 keeping pressure on and a chance of going down to or through 63-62 still a possibility. Just beware of a higher low that turns up with some gusto, if that's possible today

15 Nov 2017 02:27 pm
update and about 5-8 minutes if needed

15 Nov 2017 02:41 pm
66.50 needs broken / held

15 Nov 2017 02:51 pm
lost voice software/ irs ok is holds 66.60

15 Nov 2017 02:57 pm
lost voice software/ R AT 68 TO GET THRU OR STILL VULNERABLE IS 66.50 GOES

15 Nov 2017 03:01 pm
finally got it fixed. With the ES holding and turning up from 66.50 it keeps this bounce off of major support going

15 Nov 2017 03:02 pm
shouldn't see the 64.25 level again today, or even the 66.50 area, if the ES is going to make a decent move and at least attempt the 69-69.25 levels where the ES had pullbacks from on the way down

15 Nov 2017 03:18 pm
this has a shot at going back up to the 71-72 high area if that goes like it has been lately.. Simply amazing! Anyhow, if reach it will need to keep going through, if so likely close on a high

15 Nov 2017 03:20 pm
however, if this bounce cannot get back to 70, then a pullback will need to hold around the 68.50-68 area at the worst and turned back up for a chance to still go back up instead of a pullback may be back towards 66.50

15 Nov 2017 03:23 pm
going down through 66.50 would mean another bounce should fail and it keeps the door open for the ES two down to or through 64--62 area and close poorly

15 Nov 2017 03:24 pm
all those expecting the end of day rally are bailing it looks, should continue down through 66.50 and fail on any kind of bounce attempt on the way to work through 64-62 area or a tiny bit above

15 Nov 2017 03:31 pm
feeble bounce attempt off of the 64.25 level again and should end up breaking through unless the ES gets back over the 66.50 area again and stay above it

15 Nov 2017 03:33 pm
in the last 30 minutes the ES is going to need to hold over the 64-62 area or else it would open the door for a move back down towards the 55.50 low, although probably not today. Bouncing back above 66.50 and holding up there needed to avoid yet anot

15 Nov 2017 03:34 pm
enjoy the rest of your day! I will update tonight and then meet you here in the morning before the open. Take care!

 

INTRADAY LOG FOR TUESDAY - NOVEMBER 14, 2017

HOW OUR TRADING DAY WENT: An early drop that stopped and turned up from just above 2563-2562 major support, and in the 20-40 minute post open time frame put in a bottom, and then more gyrations around the zones. CLICK HERE to take a look!

14 Nov 2017 09:11 am
Good morning. another sizable down open, and should get a bounce but not a 10 point rally nonstop. Any kind of decent bounce will be sold instead

14 Nov 2017 09:18 am
it looks like hearing back above 78 is the big hurdle if a decent bounce. that's means needing to take out 75-76 on the way up, then holding 76 at the worst to be out of trouble

14 Nov 2017 09:19 am
72-71.50 needs to hold if there's going to be a decent bounce able to stick today. I will update a little bit after the open

14 Nov 2017 09:32 am
73 low and needs to get going and hold 73.50 or could test were break 72 area. Asked to get over 75.50 and hold to be out of some trouble for a bit

14 Nov 2017 09:35 am
a low in place for a bit but if 75.50 area not broken and able to hold then can come back down to or through the low. Especially if NQ stays a week

14 Nov 2017 09:38 am
further breakdown needs to turn up from 70 and get above 74.50-75.50 without turning down in order to try digging out of the hole it's in and attempt a better bounce before failing again

14 Nov 2017 09:40 am
68 or lower if 71 does not continue to hold and be the low for the morning at least. Is bouncing from just under support and was under it very long

14 Nov 2017 09:40 am
I will meet you online around 10:20 this morning or a little after

14 Nov 2017 09:56 am
76 R, 73 MUST BREAK THEN 71

14 Nov 2017 10:14 am
63-62 MAJOR/ LOW MUST HOLD

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

14 Nov 2017 12:04 pm
the ES bottomed about 1 point from short-term major support coinciding with the 11/2 and 11/9 lows and reverse 35 minutes after the open and so far reach 78.25. Now

14 Nov 2017 12:05 pm
now pullbacks are being bought and that ES just broke a pattern that is bullish and should test were break 78, but if not and turns down then a topping pattern for pullback of some sort

14 Nov 2017 12:08 pm
if there is a move over 78-78.50 that does not get turned right back down then the next major area is 80.50-81.50 maximum, or goes all the way up to around 85.50, yesterday's high before backing away. However should do it from up here

14 Nov 2017 12:09 pm
rationale turn brown and with 77.75 lower high by 2 ticks it is a potential top and especially break getting the 74.50 area and not turning right back up.

14 Nov 2017 12:17 pm
so far a small pullback holding 76 area and if that doesn't hold and another push lower happens it must hold 74.50 area again or else keep going to or through 72 area next. That would be a key support if reach for either breakdown or bounce. Depends

14 Nov 2017 12:20 pm
right now that ES should be sold at or under the 77.75-78.25 area or else if that area is broken instead a pullback that follows should be bought as long as it holds around 76-75.50 area and turned up

14 Nov 2017 12:23 pm
I will be away on break until around 1:15 but well update if it is possible, ASAP depending on what I am doing at that time. At the moment still uptrend holding 76 area, important area

14 Nov 2017 12:52 pm
market not looking very good again with the 78 level being reverse which is just 1 tick under the 10:55 AM high, you want to be short something as this could be a day where the market doesn't bounce back

14 Nov 2017 12:53 pm
and a chance that the 63-62 area, tested 3 times before this 14 point bounce this morning. Should it go back there another time then it would end up breaking down finally.

14 Nov 2017 12:55 pm
a move that takes out 71.50-71 that is not turned back up with gusto, then the door is open to go back to 68.50 minimum and bad if broken by much it's down to likely break the 63-62 short-term major area

14 Nov 2017 12:56 pm
monthly lows on 11/2 and 11/9 at that area also with prior chart support. We had "V" bottoms and another trip down there should not have another one of those

14 Nov 2017 12:58 pm
update and yes a while, but don't expect bounces to stick as the market under pressure under 78 area today. Needs to break/hold 72-71.50 area again for a continued breakdown

14 Nov 2017 01:08 pm
6263-62 C2 on the NQ low area on the NQ is being approached and needs to make a double bottom in order to avoid bigger breakdown, and help take the ES down with it. Right now attempting to reverse from 70.25, just under 70.50 area

14 Nov 2017 01:18 pm
we had our reversal starting 35 minutes after the 9:30 AM open(9:50-10:10 minute time frame) 1 point above short-term major support, rallied 14 points, went sideways between 78.25-74.25 nearly 2 hours before breaking the bottom of that range, turning

14 Nov 2017 01:24 pm
if the Dow cannot get itself turned up and back above at least 23,392-398 area, which would take a good push higher, and ES get over 75.50-76.50 zone and not go under 72.50 again

14 Nov 2017 01:51 pm
that ES just made a nice move higher and so far reached the 76 level and needs to keep on going through 78.54 else a turn down from here could end up as another bounce high breaking back under 74 area

14 Nov 2017 02:06 pm
so far a small bounce from 73.50 and might be too much for the ES to go back up through 76-77 again with enough gusto to also take out 78.25 high of the day and also not get turned back down

14 Nov 2017 02:10 pm
if this move can get above 76-77 then it might have a shot at continuing up through 78.25 high, and if not quickly reversed again then 80.50 might have a chance

14 Nov 2017 02:11 pm
good underlying bid on all of the depth and could keep going through 78 area on up towards 80.50--81.50 if this action continues, not another reversal up here

14 Nov 2017 02:16 pm
76 was reached so far and not even a tiny pullback yet so as long as a pullback doesn't come back to or through 75 area now without getting turn right back up again

14 Nov 2017 02:17 pm
otherwise it's back down towards 74-73.50 area just above where a breakdown could occur

14 Nov 2017 02:27 pm
rolling over from 76.25 prior support turned resistance and should be on the way towards 75 and if broken then 73.50 which must hold or else could break through 72-71 and open the door for a bigger pullback if that happens

14 Nov 2017 02:30 pm
quickly turned up from 74.25, just over 73.50 and unless that is taken out choppy uptrend stays intact

14 Nov 2017 02:35 pm
another bounce rejected at the 76.50 level this time and unless 76-77 is taken out then the ES is vulnerable and could be a move that breaks down under 74.50-73.50, which needs to be broken in order to change things. needs to take out 73.50 though to

14 Nov 2017 02:41 pm
another pullback should hold and turned up from 75.50-75 in order to avoid bigger pullback and have a chance of going through the 76 area and maybe test were break the high. It does get through without reversing again

14 Nov 2017 02:49 pm
this pullback will need to hold 75-74.25 area or else will have a chance of a breakdown in this time frame

14 Nov 2017 02:51 pm
that prior support has been acting as resistance with the exception of a couple of pokes above that came right back down. So, needs to hold and run up through 78 if going for a late run up attempt and not roll over

14 Nov 2017 03:02 pm
there is a chance of this breaking through 76 and attempting 78.25 high of the day as long as another pullback is tiny and doesn't go back under 75.50-75 without turning right back up

14 Nov 2017 03:06 pm
77.50 reached so far and 78.25 needs to be taken out and not stop and turn down again, but instead get a run up to the 80.50-81.50 area possibly

14 Nov 2017 03:07 pm
however, another reversal from 78-78.50 that comes back down through 75.50-75 without quickly turning up then could be reversing and heading lower instead of higher into very late in the day

14 Nov 2017 03:13 pm
77.75 bounce high lower than the last 2 highs at 78.25 and 78.00, with both bounce highs staying under the last high by just 1 tick and should be a top in place, however still uptrend unless breaking through 76-75 area is broken through

14 Nov 2017 03:24 pm
if the ES hold under 77 prior support/new resistance the rest of the afternoon we can have a decent pullback that occur if 73.50-72.50 is cut through especially

14 Nov 2017 03:28 pm
uptrend line broken and could keep going towards 74.50 area or more if this keeps going under 75.50-75 without an immediate turn back up again

14 Nov 2017 03:30 pm
in the last 30 minutes bounces should continue to fail under the 77 area and as long as that happens 73.50-72.50 could be broken through and that can open the door for a move to or through 67.50-66.54 more

14 Nov 2017 03:30 pm
have a great rest of your day! I will catch you in the morning after you have read through the nightly update. Take care!

14 Nov 2017 03:43 pm
a quick note that another bounce was sold at 77 and broke down and holding under 75.50 keeps the door open to go down towards 72.50 area again

 

INTRADAY LOG FOR MONDAY - NOVEMBER 13, 2017

HOW OUR TRADING DAY WENT: A gap down open turned up 2 ticks above 2571.50 support and kept on going, holding dynamic ports on the 1 minute chart all the way up to the 2582 resistance – a 10 point move that we had good opportunity and a target to trade. CLICK HERE for a quick video recap.

13 Nov 2017 09:11 am
Good morning. it looks like there will need to be a good bounce from the 71-70.50 area above at least 73 and hold or else it could continue towards 67-66

13 Nov 2017 09:26 am
if it happens to go back down and breaks 70.50 then would need to get turn right back up. And needs to get to 73 and hold 71.54 else could break through 70.50 also

13 Nov 2017 09:33 am
stalling out a bit and touching 73 and turning up has to get gusto or else break back down again

13 Nov 2017 09:37 am
stall at 74 on the first bounce starting drop that must hold 71.50-70.50 or else a bigger breakdown would be underway

13 Nov 2017 09:40 am
support held twice and has also keep going to the 75-76 area just to get to the neutral territory from Friday's high.

13 Nov 2017 09:43 am
pullback needs to hold around 74 area and turned up to keep uptrend from breaking otherwise a chance of keeping on going to or through 76

13 Nov 2017 09:46 am
has to be a low for the day in place at the 72 support or else market would finally be in trouble. Should keep going towards 77 and then needs to hold 75-74.50 after that to avoid potential reversal

13 Nov 2017 09:48 am
76.50 high so far and now needs to continue holding 75-74.50 or else could break uptrend and bounce that follows sold into

13 Nov 2017 09:51 am
74.75 held on a dip but going any further can start a pullback of some sort and make it hard for another bounce to stick

13 Nov 2017 09:55 am
75-74.50 updated support held at 74.75 and turned up and just made a higher high and would need to break 74.75 area and then hold under 76 after that to change the trend

13 Nov 2017 09:58 am
still holding and running up and next resistance around 78.50-79.50 closing range from Friday. Must hold 76 now at worst

13 Nov 2017 10:00 am
78.50-79.50 area should be good resistance if there is going to be a pullback before getting to the 81.50-82.50 resistance above that

13 Nov 2017 10:02 am
78.50-79.50 reached and still need's to combat down through 76.50 area now in order to break the current uptrend on 1 minute chart and price last trapped

13 Nov 2017 10:05 am
78.50-79.50 still holding this down and must hold around 77.50 area or else current uptrend could be breaking. And has been straight up from support with only 2 very small pullback's on the way up so far

13 Nov 2017 10:13 am
should try for 82 area rejected but only reverse if EMA on 1 minute chart is finally broken. currently 80.50-79.50 area

13 Nov 2017 10:15 am
run-up all the way to 82 initial resistance and poke above and came back down but avoids trouble as long as 80-79 holds

13 Nov 2017 10:15 am
82 could be a high area for a while, hard to break and hold for a very long unless headed up to 84 area or higher and pullback likely soon

13 Nov 2017 10:20 am
top should be in even if a bounce from 79.50 area

13 Nov 2017 10:26 am
bounce off of 79 should turn down from 82-8250 at the highest or else had up towards 84 area or higher

13 Nov 2017 10:27 am
lower high could set up a 123 top, especially breaking 79.50 again.

13 Nov 2017 10:29 am
that ES still hasn't broken that EMA's on the 1 minute chart and a move under 79.50 would finally would break the 18 EMA

13 Nov 2017 10:33 am
exact double top at 82.25 so far and breaking 80.50-80 will take out the uptrend on 1 minute chart for the first time since about 8 minutes into trading

13 Nov 2017 10:34 am
should come down to test were break 79.50 area again and 79.5-78.50 turning into an important support to hold to avoid bigger pullback

13 Nov 2017 10:34 am
to or through at least 78.50--77.75 area

13 Nov 2017 10:41 am
if no bounce from 78.50-77.75 area then pressure would stay on holding under 78.50-79 on a bounce attempt

13 Nov 2017 10:44 am
78.50-77.75 new support attempting to hold and needs to get over 80-80.50 and not turn right back down or else a shot at taking out 82.25 double top 1 tick over resistance

13 Nov 2017 10:47 am
a break under 78.50-77.75 should keep going to or through 77 middle of two days range and if that also breaks then 76-75 could be tested next hand must hold, or could go all the way back to the low – doubtful at the moment

13 Nov 2017 10:49 am
getting the bounds from 78.50-77.75 area and has to take out 80.50 area and then hold 79.50 after if going back up to the highs which doesn't look likely right now

13 Nov 2017 10:57 am
bouncing from 78.25 updated support at 78-77.75 and now needs to get over 80.50 and hold 79.50 after that or else could be another top made up here

13 Nov 2017 11:06 am
pop-up so far backed away from 80.50 updated resistance but has to take out 78.25-77.75 still for another decent move on the downside.

13 Nov 2017 11:13 am
getting back through 81.50-82.50 and being able to hold will be hard to do unless the Dow can get turned up also, and the NQ get through 6317.50 and hold 15.50 after that for it to avoid potential double top

13 Nov 2017 11:17 am
ES needs to come back down under 80.50 without turning right back up again in order to make a lower high and pullback would likely hold 78.25 pullback low at worst

13 Nov 2017 11:20 am
a shot at the 84 area if this can keep going through 82.25 with only small pullback again after or just blow right through 82.25 on the way up there

13 Nov 2017 11:23 am
token higher high sold and now must turned up from 80.50 area or else could be another top and deeper pullback to or through 78.25 possible

13 Nov 2017 11:29 am
81.25 pullback low so far and shouldn't go much lower or else little chance of going back up to test were break the the high. That could be in place for a while

13 Nov 2017 11:38 am
pressure should stay on the downside until 81.50-82 broken and not turn right back down again from that area, but needs to go through with some gusto to try for the high

13 Nov 2017 11:44 am
pop-up from 80.25 made it to 81 so far and need to get over 81.50-82 and not turn right back down from here for pressure to stay on

13 Nov 2017 11:49 am
needs to keep holding 80.50-80 area now and not go back under for very long or else another move back to or through 78. Right now must make higher high and not turn right back down, which could happen

13 Nov 2017 11:55 am
the internals were weak enough early to get oversold internal gauges across-the-board, and the VIX going over 12 and turning down was overly bearish and the reversal was bullish..could be going for a new all-time high if the ES can get over 84 and cl

13 Nov 2017 12:01 pm
that ES has were 82 twice so far and this third time needs to go to 84 area and continue holding over 80.50-80 after on any pullback for this to keep going higher and being bought on small pullback

13 Nov 2017 12:01 pm
back in about 5-8 minutes

13 Nov 2017 12:12 pm
so far only a token higher high and should hold 82-81.50 in order to keep the current uptrend from breaking but instead attempting one more push higher

13 Nov 2017 12:19 pm
right now the Dow has a double top and that ES needs to come down through 82-81.50 and not get turned right back up if that ES is going to attempt another level run up and have the Dow make a higher high also. Otherwise, next must not break 80 area t

13 Nov 2017 12:22 pm
I am going to be away until around 1:15 but will update iif it is needed ASAP as long as I am not tied up on a phone call. Right now 82 needs held or else 80 key area could be tested/broken. But currently in uptrend holding 82 new support that mus

13 Nov 2017 12:22 pm
back in a while

13 Nov 2017 01:09 pm
81.25 prior pullback low was just broken bringing in more selling a level breakdown with bounce resistance at 81.50 that should be broken and held be pushing lower

13 Nov 2017 01:21 pm
double top on Dow, breakdown if a move under 43,433-432 area. 81.50 broken and needs to keep going over 82.50 without turning right down if Going to make another token higher hidh again for another pullback

13 Nov 2017 01:27 pm
backing away a bit from 82.25 and 82.50 area needs broken through my hand up to hold. Also keep an eye on 23,452 on the Dow cash as that needs taken out along with the ES getting over 82.50 if the move is going to continue on the upside, and not tur

13 Nov 2017 01:29 pm
I will be back in about 5 minutes with an update, or if not then it will be about 30 minutes or so until I return..my apologies

13 Nov 2017 01:37 pm
went to the 82.50 level so far and could poll back a bit but will avoid any trouble as long as there is a poll that under 81.50--80.50 that is not turn right back up

13 Nov 2017 01:38 pm
–unless I get called away before then, I need to leave just before 3 PM this afternoon. My apologies for the early exit today

13 Nov 2017 01:46 pm
stalling out in this tiny range long enough and should breakdown soon or to the upside if it has another push higher left in it, but looks like a pullback of some sort should happen soon

13 Nov 2017 01:54 pm
only a tiny pullback holding at 81.50 and turning back up and as long as 81.50-80.50 area continues to hold the ES has a shot at a new high although likely will not stick. It would be at the 84 resistance and is not turn down then opens the door to g

13 Nov 2017 02:05 pm
so far the ES has made a lower high by 1 tick and needs to hold over 82.25 or else could trigger a 123 top and have a pullback of some sort at least. But as long as held at or above uptrend stays in tact

13 Nov 2017 02:13 pm
the day started with a gap under Friday's low and a turn up from 2 ticks above 71.50 support and has been a trend up move with only 1 decent pullback of 4.00 points – and didn't make a lower high but matched the 83.25 the of the day made at 12:10,

13 Nov 2017 02:13 pm
at the moment the ES is bullish as long as 82.15 area holds

13 Nov 2017 02:20 pm
now there is a token higher high just a little bit under 84 at the moment and if the ES can get through 84 without any problem after it does and only has a tiny pullback not take out 82.50 Pat lowest, could keep going in a trend up mode as it has bee

13 Nov 2017 02:31 pm
missed 84 by 1 tick so far and backed away but unless iit comes down thru 82.50 area and not bounce right back it still could have a chance

13 Nov 2017 02:31 pm
of getting up there, although the way it is looking it may not stay very long

13 Nov 2017 02:34 pm
the VIX jumped up to 12.80 on the open and after dropping 1.65 points down to 11.15 it bounce and then has gone sideways/lower sense and just tested its low of the day at 10.05 and turned up which could be bearish for prices if it continues going hig

13 Nov 2017 02:38 pm
downturn from just under 84 resistance and could end up being a top in this 2:20-2:40 time frame instead of steady trend up move if a pullback reaches 82.50 (held by 1 tick on this dip so far). Otherwise could go back and make another higher high by

13 Nov 2017 02:44 pm
pullback was 4.00 points then after that 2.50 points then 2.75 points and since then just small pullback's of about 1-1.25 points and should only have a small pullback of <2 points from the high for this choppy trend up action to continue and not to

13 Nov 2017 02:53 pm
at the moment it doesn't look like the market wants to go a whole lot higher and be able to stay up there very long

13 Nov 2017 02:54 pm
I must leave early today and about 3 minutes so look for another pop-up to be sold into and if the ES takes out 82.50 and especially that under 81.50-80.50 then it could be breaking down in the last hour or so

13 Nov 2017 03:21 pm
a quick note here with the ES taking out 84 it could get up to the 88-89 area as long as pullbacks are small

13 Nov 2017 03:24 pm
it just pushed through 85 after breaking and holding 84 prior high/resistance and as long as 84 area is not broken and held under in the last 30 minutes, or especially 82.75 area, the trend up move should continue almost into the close

13 Nov 2017 03:24 pm
have a great rest of your day!

 

INTRADAY LOG FOR FRIDAY - NOVEMBER 10, 2017

10 Nov 2017 09:12 am
Good morning. the market will open lower and will need to snap right back up from the the 76-75 area or it's going to get hit pretty hard again today

10 Nov 2017 09:27 am
72-71 is 50% retrace from yesterdays low to the high at the end of the day that could be tested before any sort of bounce attempt.

10 Nov 2017 09:32 am
76-75 needs broken or else a little more pop-up possible before coming back down again

10 Nov 2017 09:32 am
should be a high made a 78.75 and if not shouldn't though much further

10 Nov 2017 09:36 am
should be a top in place especially going through 75

10 Nov 2017 09:37 am
any kind of pop-up should fail at lower under 77 at the most and continue down to or through 75 area

10 Nov 2017 09:41 am
reversal up right from 75.25 and will need to hold now or else break down to 72-70.50 otherwise. Should go down there though, and less reversal down from 80.50-81.50

10 Nov 2017 09:45 am
78-77.50 area needs to hold if there is going to be another push higher that must get over 80.50-81.50 and stick. Breaking 77.50 could mean early bounce high and another one will be sold

10 Nov 2017 09:52 am
it's going to stay under pressure holding under 78-78.50

10 Nov 2017 09:56 am
so far a double bottom at the 76-75 support area but bounces are not getting far and could break that area if a hold under 78.50 area

10 Nov 2017 10:02 am
pop-up sold just under 78 and a break under 75 opens the door for the 72 area

10 Nov 2017 10:04 am
going for 73.50 and if broken been 72-70.50 is a key support zone

10 Nov 2017 10:11 am
73.50 was reach but still needs to get above 76.54 could still be going towards 72-70.50 area which must hold or there problems to the 67.25-66.50

10 Nov 2017 10:16 am
76.75 was rejected and needs to hold 75.25 area and turned up or else to or through 63.50 area

10 Nov 2017 10:20 am
any kind of pullbacks should be bought now as long as it holds at or above 76.50-775.50. Should make higher high soon on this move to avoid another decent pullback

10 Nov 2017 10:27 am
polling back but should have popped up to a higher high after the last tiny pullback so should not go much further here or else could go back to the lows again

10 Nov 2017 10:33 am
should test were break below here and could be on the way down to 72-70.54

10 Nov 2017 10:39 am
so far went down to a token low at 73.00 and turned up and needs to get through 76-76.50 without turning right back down or else will go down to 72-70.50

10 Nov 2017 10:44 am
bounce reached 76 and 76-76.50 should be bounce resistance that needs to be cleared and held or else another lower low

10 Nov 2017 10:47 am
74.50 little pullback low turned up and now a move over 76.50 needs to hold around 76 after that or else towards 74.50 and maybe a lower low

10 Nov 2017 10:53 am
76-76.50 zone was sold at 76.25 and needs to bounce from 74 or else keep going to a lower low at the 72-70.50 area before any sort of bounce attempt

10 Nov 2017 11:00 am
turned up again and if there is a third try at the 79 double top area or just below it should be sold again, small pullback at least and then possibly a bit more upside if not a big reversal again

10 Nov 2017 11:05 am
need to be away about 10 minutes.. Needs to continue holding 76 in order to get to the 79 area

10 Nov 2017 11:12 am
a lower high at 77.75 was turned down and must not go back under 76 without a turn back up or else could be going back towards the low another time

10 Nov 2017 11:16 am
with of bounces failing but for run-ups to around 79 area that stall wart are rejected for a short, or the same on a pullback that holds 77-76 again. If that is broken, back to around the low

10 Nov 2017 11:27 am
Ron-up to the 77.75 stalled for a little more than 1 minute and turned down again and must not go back under 75-74.50 or else there could be a breakdown of some sort underway if that happens. This pop-up should be sold at or below 77.50-78 or could

10 Nov 2017 11:34 am
the Dow is testing the 3 lows it has made between 23,398-393 area and along with 74.50 needs to hold or else go back to 73.50-73 and turned up if a bottoming pattern is going to be made

10 Nov 2017 11:36 am
78-79 nasal watch for another pullback

10 Nov 2017 11:42 am
bounces continue to fail and the pullbacks have been holding around the 74.50 area with the exception of the 2 folks below that both came right back u over 74.50. So right now no damage done unless 74.50 broken and picks up momentum

10 Nov 2017 11:45 am
could make a third try at the 78-79 area and another rejection Borstal should lead to another pullback with this market being range bound unless that 79 broken, then 80.50-81.50 would be next just above

10 Nov 2017 12:02 pm
Needs to take out 78.50-79 and not reject again or else could come back to or through 76 again and set of an attempt at the 80.50-81.50 area above

10 Nov 2017 12:07 pm
must hold and turned up on a small pullback to around the 77-76.50 area at the lowest and get turn right back up again to keep the bounce going and avoid going back to range bound action

10 Nov 2017 01:02 pm
But the ES stalled out at 78.25 and just rolled over and if it breaks through 76-75 again it would need to turn right back up or else go to the 72-70.50 zone. Right now 76.25 pullback low

10 Nov 2017 01:05 pm
a bounce needs to get back over 78.25 without turning right back down again.it stalled and backed away and then popped up, stalled, and just wrote to 76.25 and 75 could be tested/broken and would be a major area to hold, there was only quick moves u

10 Nov 2017 01:23 pm
that ES just made a feeble bounce so far from a poke into the 76-$75 and turn right up and needs to keep going above 77.50 and then 78.50 or else a top still in place and pullback when this bounce fails

10 Nov 2017 01:35 pm
bounce from the 75-76 zone almost to the triple top that 79-79.25 and will need to make it through that or else another top and would need to hold 77.50 area to avoid another pullback. 80.50-81.50 if no rejection /stall that reversed down

10 Nov 2017 01:48 pm
the Dow cash had its third and forth test 23,394-392 area, but unable to get over 23,424-426 area. the ES just came down fast food 76.50 and another failed bounce could mean a move to or through the 76-75 zone if broken. Could go back towards 78.75-7

10 Nov 2017 01:52 pm
keep an eye on the Dow cash also had a breakdown on that and that could help hold the ES down with it. If that holds and turned up it could do the opposite and help it push a bit higher

10 Nov 2017 02:04 pm
this will be the fifth time up at the 78.75-79.25 area and should finally pushed through if a tiny pullback can hold and get turned back up again on this move

10 Nov 2017 02:05 pm
has to breakout you have a shot at the 80.50-81.50 area just above

10 Nov 2017 02:13 pm
just got legs and broke out over the highs and should get to or through 80.50-81.50 all oh may not hold up there and come back down towards 79 again before bouncing

10 Nov 2017 02:20 pm
80.50-81.50 zone has been reached and now will need to hold around 79-78.50 area on a dip and get turned back up again, otherwise break back down again to or through 79.25-78.25 at the lowest.. If that zone is broken, then bounces likely fail

10 Nov 2017 02:32 pm
81 has been reached so far and as long as the ES holds 79-78.50 area than it can keep on going up towards the 84 area next which was a resistance yesterday and also the high and also yesterday's close. Turning down from here must bounce back up qui

10 Nov 2017 02:34 pm
watch the Dow cash as it needs to hold 418-416 at its worst on a dip, along with 79.25-78.50 area on the ES. Should not go back under those areas to keep the market in a good uptrend and finish the day/week on a better note, maybe even close positiv

10 Nov 2017 02:39 pm
has to get over 81.50 and then hold at or above 80.50-79.50 at lowest and turned up. If a break back down through 79.50 now, a top could be in rather than grinding higher to around 84 area

10 Nov 2017 02:39 pm
update in about 10 minutes or so

10 Nov 2017 02:47 pm
has to keep going through 81.50 and not make that a bounce high by coming back down through 79.54 lower

10 Nov 2017 02:52 pm
beginning to roll over from the 81.50 support turned new resistance, however still needs to break below 79.50-78.50 and not bounce back with gusto or else a top will be left up here

10 Nov 2017 03:00 pm
small pullback held and turned up from 80.00 and now needs to go through 81.50 and hold above 80 in order to keep the upside from a potential reversal

10 Nov 2017 03:00 pm
after going up to a higher level and reversing at 10.58 around 10:35 AM and has been in a choppy but steady downtrend and trying to turn up from 10.69 . If it goes under 10.50 and turned up, it would be a sell signal.

10 Nov 2017 03:02 pm
if 81.50 is finally broken through and able to stick in the last hour, then there would be a chance for a grind higher towards 83.50-84.50 area.

10 Nov 2017 03:05 pm
lots 23,438 on the Dow cash as that needs taken out or else a double top could be left in place on a drop from this area. The ES still would need to break down under 79.50-78.5 to get a reversal

10 Nov 2017 03:08 pm
so far has only gone through the 81.50 resistance by just 1 tick and back away, so unless broken out above and able to stick the market will be vulnerable up here and could come back down to or through 80-79 which should be new important support

10 Nov 2017 03:13 pm
so far another poll that to a higher low at 80.25 and will need to continue to hold 80-79 and get turned up with gusto if the market's going to finish strong and not have a late reversal back down from up here

10 Nov 2017 03:16 pm
the ES is about to roll over as long is holding under 81.25 right now, as to get back over that and stay up there or else there could be another quick before getting bid back up again

10 Nov 2017 03:27 pm
the Dow cash is came down and turned up from its 23,423-421 area and the ES to the so the 80-79.50 area and both turned back up. Stays in this range with a chance of going to the top at this action continues

10 Nov 2017 03:35 pm
in the last 30 minutes the ES will need to continue holding have the 80 area otherwise a break under that area by much that does not get turned right back up again. And will need to get over 81.50 and hold up there pretty soon or else the ES could e

10 Nov 2017 03:35 pm
hope that you have a great weekend! Take care!

 

INTRADAY LOG FOR THURSDAY - NOVEMBER 9, 2017

09 Nov 2017 09:06 am
Good morning. the gap down open will need to have a good bounce from the 77.50-76.50 area or else could keep going to either just under 75 or down to 72 area. That is a major support today

09 Nov 2017 09:07 am
a good bounced needs to get through around the 81.50-82.50 area.

09 Nov 2017 09:15 am
should see the gap down open get bought and the gap would fill at 81.50 and the 81.50-83.50 looks like it should be good resistance that needs broken/held to beat out of trouble it looks

09 Nov 2017 09:18 am
should be inverse of the action we normally get with the early weakness being bought and first decent bounce gets sold for another decent move down.. We'll see

09 Nov 2017 09:28 am
update after the open

09 Nov 2017 09:35 am
shorts took profits at 77.50-76.50 support but first bounce should be sold and go back down there again if the bounce doesn't go up to 81.50 area first without turning right back down

09 Nov 2017 09:37 am
pullback held 78-77.75 but shouldn't get past 81.50-82.50 without coming back down again

09 Nov 2017 09:40 am
80.50-81.50 prior support keeps acting as new resistance and needs to be broken above and able to stick in order to get any kind of run up attempt although even if shouldn't go far before coming down again

09 Nov 2017 09:43 am
ES went from support to prior support/ new resistance and back to support so far but pressure stays on as long as under 80.50

09 Nov 2017 09:48 am
down to around 73.50-72.50 is next and 71 key area just under that. 72 the middle of that and could be where this is headed before a bounce attempt might be possible or else and better trouble

09 Nov 2017 09:51 am
it stays under pressure right now holding under 76.50-77.50 area which needs broken and held to attempt erasing downside momentum. I will meet you online around 10:20

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

09 Nov 2017 12:01 pm
the ES stopped 1 tick under 84 prior support/new resistance and just turned up from 1 tick under 72.50 support. It's not out of trouble though as 77.50-78.50 needs broken and not turn right back down just to get back into neutral territory or just to

09 Nov 2017 12:04 pm
ES has been following the EMA's on the 1 minute chart on the way down from a little under the hide of the day and now unless 73.50 area broken and held the downtrend stays in tact

09 Nov 2017 12:11 pm
So far another bounce turned down at the 18 EMA and should go for another new low in this trend down action

09 Nov 2017 12:12 pm
token lower low by 1 tick and needs to get over 72.75 area in order to break the steady downtrend on the 1 minute chart or will go to another lower low

09 Nov 2017 12:15 pm
going down to the 67-66 area can be next and that is a 1% down day also which we haven't had, especially on a closing basis, and eons it seems but many many many months

09 Nov 2017 12:17 pm
65.50 low so far and turned right back up, and needs to keep itself above 66 and not go under and hold under that area today

09 Nov 2017 12:18 pm
if it does, we could see the ES get pushed down towards 62 area and then would need to come back up with some gusto to get back above 66 again and hold

09 Nov 2017 12:21 pm
another touch and down turned from 18 EMA on 1 minute chart now that 69.50 and needs to get over that and hold in order to break steady downtrend. – – I will be away until around 1:15, but will update if free and one is necessary.

09 Nov 2017 12:38 pm
63.5-62.50 was/is the next important support for the ES before the 58.50-57.50 area and should hold that low and get over 66 so as not to be down 1% to avoid trouble and get to neutral for a bit

09 Nov 2017 01:12 pm
the selloff low on 11/02 was at 62.25 and so far today's low reached 63.25. It wasn't listed but would have been next support and then 58.50-57.50. In any case, the double bottom of 63.25-62.25 now should not e seen again this afternoon. it's also >1

09 Nov 2017 01:16 pm
a move over 72.50 that can hold 72 after that is needed up here or else another pullback even if they small one should occur up here

09 Nov 2017 01:37 pm
the steady climb higher almost as the ES back to the 76.50-77.50 zone which needs taken out next. Uptrend intact as long as EMA's on the 1 minute chart continue to hold which is currently around 75-74.50 area

09 Nov 2017 01:40 pm
a gap down day with a bounce high 1 tick under the 84-84.50 prior support turned resistance and the 63.25 low made in the 63.50-62.50 zone. Just backed away from 60 EMA on 5 minute chart and one tick under 76.50 new resistance, undergoing pullback no

09 Nov 2017 01:40 pm
a gap down day with a bounce high 1 tick under the 84-84.50 prior support turned resistance and the 63.25 low made in the 63.50-62.50 zone. Just backed away from 60 EMA on 5 minute chart and one tick under 76.50 new resistance, undergoing pullback no

09 Nov 2017 01:46 pm
the market has made some amazing comebacks after a decent sized selloff, making new all-time highs in about 2 1/2 days the last time.. The market not in great shape, but a number of reasons why the low should be reached for old under very long or n

09 Nov 2017 01:47 pm
should be upside targets up there around this bounce high

09 Nov 2017 01:51 pm
going to need to continue holding over 73.50-72.50 in order to avoid potential breakdown /pullback and keep upside going to test or break 76.50-77.50 zone. Most told 772.50 or may not get back up there

09 Nov 2017 01:51 pm
going to need to continue holding over 73.50-72.50 in order to avoid potential breakdown /pullback and keep upside going to test or break 76.50-77.50 zone. Most told 772.50 or may not get back up there

09 Nov 2017 01:55 pm
if a lower high is made and then a break of 73-72 could get things going on the downside again. Needs to pop up above 76.5077.50 pretty soon and not turn right back down from that area or just below

09 Nov 2017 01:57 pm
backing away from just under 76 and could be on its way back under 73-72 or at least test that area

09 Nov 2017 02:02 pm
only a small pullback that stalled before making this run up and should get through the 76.50--77.50 area and hold up there if it's going to avoid another shakeout this afternoon. We could have to trend moves today if this action continues

09 Nov 2017 02:06 pm
that ES should poke above 77.50 and then hold 76.50-76.00 at the very worst before turning up again if there is a dip and not a steady grind higher through here

09 Nov 2017 02:09 pm
went right through 77.50 and should hold that on a dip if there is one on the way to the 80.50 area if this can keep going

09 Nov 2017 02:36 pm
ES will need to continue holding 76.50 area again on the way up in order to keep this uptrend going, which started after the trend down moves was reversed from 63.25 started at 12:35 PM.

09 Nov 2017 02:40 pm
Rolling over and will need to hold and turned back up from around the 74 area or else could continue back down through the 72 area if that happens

09 Nov 2017 02:54 pm
a good bounce from a pullback to 75 and now needs to have some follow-through get it back above 79 on the way up to 80.50 area, otherwise good fail in pullback before another bounce attempt

09 Nov 2017 03:01 pm
still needs to take out the 79 level and go for the 80.50 area above. It's going to need to hold around 76 and start a last hour run up

09 Nov 2017 03:02 pm
there is going to be selling into bounces in the last hour it looks so be short

09 Nov 2017 03:03 pm
a break under 76 could get momentum and keep going towards 73.25-72.25 which should be a major area to hold the rest of today

09 Nov 2017 03:15 pm
should see small pullback's be bought well above 75.50-775 area or else keep going down through 74 to the 72.50-72 area again and then probably be bought

09 Nov 2017 03:19 pm
this will probably be a choppy move and try to nudge a bit higher although may not go to much more before some sort of pullback occurs, even if they small on. In any case must hold over 72 at the end of the day

09 Nov 2017 03:25 pm
made it to the 80.50 level and could be a pullback but will need to go on through 81.50 and close above that level for this to end up looking better on the charts. However

09 Nov 2017 03:27 pm
if there happens to be a late reversal back down from 80.50 then must hold 78 area or else could come down to or through 75.50-75 area which is a major last hour support that must hold or else and with a breakdown

09 Nov 2017 03:28 pm
have a great rest of your day! I will catch you here in the morning. Take care!

 

INTRADAY LOG FOR WEDNESDAY - NOVEMBER 8, 2017

HOW OUR TRADING DAY WENT: We had an early low at 2582-2581 support and a late high at 2592.50-2593.50 resistance, another good day trading the set ups around the numbers. Tonight Ian did a video recap, CLICK HERE TO WATCH

08 Nov 2017 09:15 am
Good morning. a note about today. I have a doctors appointment I need to begin getting ready for after the live session is over this morning. doubtful my appointment starts on time, so I won't be able to do any afternoon updates today unless I happen to make it back early. My apologies for that, but I can't skip this doctors appointment.

08 Nov 2017 09:18 am
this morning this pop-up should be sold at or below 89.50

08 Nov 2017 09:30 am
bounce should fail unless 86.50-87.50 is broken and then 86.50 held and turned up on a small pullback. 88.50-89.50 is broken is major

08 Nov 2017 09:32 am
took out 86.50 immediately turned down and still needs to go through 87.50 and then hold 86.50 if going up to around the 89.50 area what should not be broken

08 Nov 2017 09:36 am
must hold over 83 on this pullback in take-out the high or else come back down to or through 82 area

08 Nov 2017 09:38 am
bounce failed and should continue down to the 82 area at the most or else could breakdown into the 70s

08 Nov 2017 09:41 am
still have 85.50 as pivotal area to clear and hold to avoid any more trouble but don't think we'll see that will soon. needs to get above 84/hold to attempt taking pressure off.

08 Nov 2017 09:47 am
so far holding just over the 82.50 low made in the last 30 minutes. Needs to hold and get above 85.50 without turning right back down from 85.50-86 resistance area in order to try getting out of trouble. Should be a short under that

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

08 Nov 2017 11:59 am
NOTE: as stated pre-open, I won't be able to update this afternoon due to an afternoon Dr. appointment. with the ES dropping to the 82-81 zone and 25 minutes after the open, it should the data low and if broken today bigger pullback underway

08 Nov 2017 12:02 pm
if there is a run up to take out the high at 87 so far then the on alert for a reversal back down from around 88.50-89.50, especially if a stall or a rejection of that area

08 Nov 2017 12:05 pm
have a good afternoon trading. I will send a quick update tonight and then meet you here tomorrow before the open. Take care and go get 'em!

 

INTRADAY LOG FOR TUESDAY- NOVEMBER 7, 2017

HOW OUR TRADING DAY WENT: A really good day trading around the zones. CLICK HERE to watch a short video:

07 Nov 2017 09:10 am
Good morning. any early strength should be sold into, and if 87.50 doesn't hold then 86.50-85.15 area needs to or could go to 82 next. But if there is a run up instead, 90 and then 91.50-92.50.

07 Nov 2017 09:16 am
BTW, I have a couple emails I didn't get answered yesterday that I will answer this evening.

07 Nov 2017 09:21 am
looking like the unchanged area at 88.75 or a little bit under to 88 needs to hold on an early pullback from 90 area or a bit above around 91.50-92.50

07 Nov 2017 09:23 am
I will update a little bit after the open

07 Nov 2017 09:32 am
couldn't hold over 90 now must bounce from 88 or slightly higher or else down towards 86.50-85.50

07 Nov 2017 09:36 am
might be able to go before the 91.50-92.50 area before the 10 AM Econ data gets released but should have trouble holding unless just a pullback to test 90 after reaching that resistance if it does.. 89 key support now must hold

07 Nov 2017 09:39 am
91.50 reached and 92.50 needs broken and then continue holding 90.50 area in order to avoid reversal of some sort

07 Nov 2017 09:41 am
was need to come back down through 90.50 or else keep on pushing higher straight up for a while but when parabolic run up is over should pullback quickly.. Meet you online around 10:20

07 Nov 2017 09:57 am
turn timeframe 92 pivotal

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

07 Nov 2017 12:07 pm
85.50 support failed at 89.50 which was 50% retracement of the days range before rolling over to the next zone at 82 so far and going through that should go to the 78.50-77.50 zone next if only evil bounce holds under 85.50

07 Nov 2017 12:14 pm
quick reversal up from 1 tick under 81 support, could be a low for a bit if that ES over 84.50-85.50 and only a small pullback after that but stays bearish unless that happens

07 Nov 2017 12:22 pm
ES is going to need to bounce from 82--81 again or else could be a quick move down towards 78.50-77.50 area before another bounce

07 Nov 2017 12:31 pm
should be a low in place with another low at 81 support again and quickly turning up. Was also a tiny 123 bottom pattern. could be a low for a while, but not necessarily if the 85.50-86.50 area is held below or sold if it gets that far

07 Nov 2017 12:35 pm
Janet Yellen will be speaking this afternoon and never know if it will affect the market or not. Whatever the case, if this is a normal day in a low is going to be made and decent bounce off of that low it should be under way off of 82. Shouldn't dow

07 Nov 2017 12:37 pm
I will be away until around 1:20 but will update sooner if it's necessary, or I have some free time. Right now beware of this bounce stalling as it could be to another pullback of some sort

07 Nov 2017 01:08 pm
as stated earlier with the ES having a habit of bouncing back after every decent pullback it should have started already if it was going to happen again today. However, must to get through this 85.50-86.50 zone on the upside and hold or else could r

07 Nov 2017 01:20 pm
backed away from 85.75 prior support/new resistance and backed away only 1.50 points to 84.25 and would need to break 84-83.50 in order to break this current uptrend

07 Nov 2017 01:22 pm
backing away and another test should be sold as this should come back down again it looks like and at least test were break 84-83.50 area

07 Nov 2017 01:24 pm
this is going to be a short at or below 85.50 prior support/new resistance and needs to get over 85.50-86.50 in order to break down trend and 60 EMA is in there also

07 Nov 2017 01:31 pm
the rally from the retest of the 81 support is still in gear and possibly find way towards 88.50-89.50 if the ES gets over 86.50 and holds around 85.50 after and turns up again

07 Nov 2017 01:36 pm
so far backing away from 1 tick above 86.50 and also 60 EMA on 5 minute chart (day session only) and needs to turn up from 85.50-85 area probably at the lowest and turn up quickly to avoid further downside and possible breakdown if so

07 Nov 2017 01:46 pm
still in major uptrend and a quick turn up from 85 keeping that ES from a potential breakdown. Needs to make a push to a higher high opera 86.50 and not get turned right back down yet again

07 Nov 2017 01:47 pm
I need to be away about 10 minutes or so and will update ASAP. Looking top-heavy at around 86.50 right now

07 Nov 2017 02:00 pm
with that ES rolling over from 86.50 and holding under 85.50 Pressure should be on

07 Nov 2017 02:02 pm
bounces should keep failing and it will take a break under 84-83.50 to get anything going on the downside, potential pretest of the lows instead of holding together up here and going for higher highs

07 Nov 2017 02:06 pm
the NQ made a small double top and is breaking down at the moment and should have further to go before it has any kind of decent bounce that has a chance of sticking

07 Nov 2017 02:09 pm
needs to hold around 6308 area or else continue on down to the 6300 area or abet lower

07 Nov 2017 02:12 pm
the NQ now bouncing from a pullback low at 6308.00, it has resistance around 6312.50-6313.50 just above, but will be under pressure under that area

07 Nov 2017 02:14 pm
ES made its bounce high at the 86.75 level, 1 tick above 85.50-86.50 prior support, and is breaking down and will be under pressure holding under 85.15 area

07 Nov 2017 02:17 pm
so far that 84-83.50 zone given earlier has held but shouldn't go any further or else breakdown towards the lows again would be possible

07 Nov 2017 02:22 pm
the NQ needs to take out 2612-2613 area hand hold up there in order to avoid another leg down. That ES needs to get back over 85.50 with some gusto to keep going with only tiny pullback after

07 Nov 2017 02:39 pm
turning up after stalling at that 83.50 support and needs to go through 85.50-86.50 and be able to hold up there, which isn't looking likely, yes yet

07 Nov 2017 02:46 pm
failed bounce attempt so far with the ES turning down at 85.50 and should be resistance at 85.50-86.50 to get through in order to avoid another push lower and possible retest of the low before end of day

07 Nov 2017 02:56 pm
the VXX is up more than 2% right now with the VIX just above 10. I doubt that we see anything below 9 for quite a while. it should pop up again, go above 11 or more, giving nice being on that ETN, after getting crushed into the last day or two

07 Nov 2017 02:58 pm
the ES came down to 83 so far and it's the 82-81 zone just below which is the early low area and also at support so if broken look for 78.5077.50 below that in case of breakdown

07 Nov 2017 03:01 pm
with failed bounce attempts now this should keep going down to test were break the 82-81 area before any kind of bounce attempt which could come from 3-5 points below the low for more

07 Nov 2017 03:03 pm
need to be away about 5-eight minutes

07 Nov 2017 03:08 pm
a chance for a last hour bounce to start from down here just above 82-81 area maybe to try for the 85.50 area again. Needs some momentum for sure or else another filled bounce attempt

07 Nov 2017 03:15 pm
not able to hold on a bounce yet again and if this continues the ES will test were break 82-81

07 Nov 2017 03:24 pm
going sideways holding at 82.75 but bounce attempt failed miserably by not even reaching 85.50 on last bounce and should end up breaking 82

07 Nov 2017 03:27 pm
pullback held at 83.00 and popped up only to 284.00 and should end up with a move down to the 82-81 area another time and must hold to avoid 78.50-77.50 or more in case of better breakdown

07 Nov 2017 03:33 pm
in the last 30 minutes the ES needs to hold over 82-81 or else there would be a chance of a breakdown towards the 78 area instead. A good bounce back to or through 85.50-86.50 is not likely

07 Nov 2017 03:34 pm
have a great rest of your day. I'll send you an update this evening, then meet you here before the open tomorrow. Until then sell and take care!

 

INTRADAY LOG FOR MONDAY - NOVEMBER 6, 2017

06 Nov 2017 09:11 am
good morning. the ES needs to get over 85 or under 82 and be able to hold in the early going

06 Nov 2017 09:15 am
with that ES close to the overnight high it should reverse it should be sold

06 Nov 2017 09:23 am
I will update a little after the open but a high should be in and if not then 85.50 needs taken out next and is just above overnight high at 84.75

06 Nov 2017 09:30 am
first support should be the 82-81 area, and breaking to 81 and then not able to bounce back with gusto could be a breakdown

06 Nov 2017 09:34 am
82.25 held in needs to continue holding in order to avoid potential breakdown. Only if a move to 81 holds under 82. Now it needs to keep going up and take out 85.50 or else double top still in place instead of going to 87.50 area

06 Nov 2017 09:35 am
should be a low in place for a while at least

06 Nov 2017 09:36 am
would need to hold under 85.50 and go back below 84-83.50 without a quick turned back up again or top instead

06 Nov 2017 09:39 am
top at 85 and needs to bounce from 83.50 area or could be too far and not able to bounce back again to make a higher high

06 Nov 2017 09:45 am
83.75 pullback low but needs to get over 85.50 and not turn right back down through 85 and hold under 85.50 after that for a turn in trend from up here or else keep going up to the 87.50-88.50

06 Nov 2017 09:49 am
still needs to get over 85.50 and then hold 84.50-84 at the very lowest and get turned back up again in order to avoid a top up here again

06 Nov 2017 09:51 am
need to make a run up from 84.25-84 area or breaking down to test were break 83.25-82.25 which should be important area to hold

06 Nov 2017 09:56 am
83.50 immediately turned up and now should have trouble going through 85.50 and holding up there for very long before coming back down again. Needs to get to 87.50-88.50 then hold 85.50 or break down

06 Nov 2017 10:01 am
could be making a top in this timeframe and a break and hold under 85.50-85 area looks needed for that to happen

06 Nov 2017 10:04 am
top should be in for a while but if not and a decent bounce from 85 then 87.50-88.50 should not be taken out and held this morning. Top should be in instead

06 Nov 2017 10:09 am
went under 85 by 1 tick and turned up but unless 86.25 is broken and keeps on going through 87.50--88.50 can be and pullback Road and break that down to or through 84.25 area which could be pivotal

06 Nov 2017 10:20 am
84.50 was reached in bouncing back again. The new support areas are barely being broken and then turning up again. looks like 84.50-83.50 could get another test and would need to bounce from that area or could have reversal and top in for a while the

06 Nov 2017 10:22 am
has to do more than make a double top or token higher high in reverse or else come back down towards 84.50 again and that is a pivotal area now

06 Nov 2017 10:24 am
if the ES is able to hold over 85.50-85 can still go to the 87.50-88.50 area

06 Nov 2017 10:27 am
87.75 at resistance so far and needs to hold around 86.50 and turned up again for this to keep pushing higher

06 Nov 2017 10:32 am
86.50 musk continue holding for a chance to test the 87.50-88.50 zone but if 86.50-86 broken then a high already in place most likely for a better pullback and then bounce again

06 Nov 2017 10:35 am
test of the high turned down at 87.50 resistance and still needs to break down through 86.50-86 and not yet turned right back up again and then could go towards 85-84.50 which has to be the lowest

06 Nov 2017 10:46 am
pullback turned up from 86 and has a chance at the 88-88.50 area which should be hard to get through and then hold 87.50 after that unless in a little buying frenzy with stairstep higher pattern

06 Nov 2017 10:51 am
87.50-88.50 zone tested a second time and needs to back away and break 86 or else will make another token higher high at least

06 Nov 2017 10:57 am
so far 3 pullbacks all 1.75 points from the new high and a move under 86 breaks that symmetry and the last sewing low and leaves a double top at resistance which was going to be hard to get through/hold anyway

06 Nov 2017 10:59 am
the Dow has reversed down from a new all-time high this morning and that should have a top in and is not doesn't have much further to go above its high either

06 Nov 2017 11:04 am
has to bounce with some gusto from 85.25-885.00 at the worst here and so far 85 holding without much of a bounce so far and prone to break

06 Nov 2017 11:13 am
the Dow is well off of its high and a decent bounce is needed if that ES is going up to the 87.75 double top at resistance or higher, ES must hold 85

06 Nov 2017 11:23 am
bounce from 85.25 could pullback from 87.50-88.50 again, and likely hold under 68.50 unless very strong market in a chance at the 91-92 area than, but really don't expect 87.50 -88.50 broken and held

06 Nov 2017 11:30 am
should see some pullback from the token higher high at 88 and not get over 88.50 and hold for very long or else could run on up towards 91.50-92.50 area instead

06 Nov 2017 11:34 am
the NQ rolling over before the ES and made a lower bounds high and has a potential transition area, or new bounce resistance at the 6307--6308 area to clear and hold on a dip for is in some trouble

06 Nov 2017 11:35 am
it the NQ those that under 6300 then it could go right to the 6295 area for lower. So it needs to bounce was sold gusto from above 6300 and take up 6308

06 Nov 2017 11:39 am
also on the NQ it had highs at 6314.50 and a token higher high at 6315.50, and 6314.50-6316.50 is the second to last listed resistance today. 6289 low 1 point above 6288 first support

06 Nov 2017 11:44 am
rolling over from 88 resistance and token higher high and selling under 87 and not turning right back up can open the door for a move back towards the 86.50 area which is key pullback support now before coming back down to around 85 area

06 Nov 2017 11:52 am
the VIX made a big jump from the late 8.99 level on Friday and didn't have much room at all to go much lower,an d the VXX (dropping like a rock 7+ days) do a good bounce if they spike up on the VIX

06 Nov 2017 11:54 am
2.50 point pullback from the 87.75 high at resistance and another 2.50 point pullback from the 88 high would be back to the 85.50 level and just above prior slowing low, should it go back to or through 85.50-85 or else potential further breakdown fro

06 Nov 2017 11:58 am
85.25 reached again and needs to break 85 area and not turn right back up if this is going to reverse the all-time high and attempt a breakdown of some sort from up here

06 Nov 2017 12:05 pm
holding under 86.50-87.25 should keep pressure on for a break under the 85 area

06 Nov 2017 12:14 pm
another dip holding 85.25 again and must hold 85-84.50 or else could be breaking some good uptrend support and could mean going back towards 82.75 close from Friday which would be a key and pivotal fifth reached

06 Nov 2017 12:24 pm
still needs to get over 86.75-87.25 to take some pressure off, but avoids a breakdown if 85.25 area continues to hold

06 Nov 2017 12:25 pm
I will be away until around 1:20 but will update if it's necessary ASAP

06 Nov 2017 12:52 pm
that ES has made another run into the 87.50-88.50 zone and should go over that by much before coming back down again by a small amount and hold 87 otherwise there is roll soon a chance of going for the 91.50 area but I doubt that happens any time

06 Nov 2017 01:20 pm
the ES popped above 88.50 by 1 tick so far and needs to avoid going back under 87.50 and holding under that level or else a reversal along with double top on the Dow cash

06 Nov 2017 01:26 pm
this is still a choppy move higher that could poke above resistance again as long as the ES doesn't break 87.50 without turning right back up again

06 Nov 2017 01:37 pm
with a pullback turning up at 87.25 again the choppy uptrend is still in tact and needs to go through 89 and make a higher high on the Dow and then another small pullback to keep this going towards 91.50-92.50 area as a possibility of being seen next

06 Nov 2017 01:40 pm
token higher high on the Dow cash and backing away a bit and will need to hold 25,552-550 in order to avoid reversing. ES needs to break 87.50 bottom of support zone without turning right back up

06 Nov 2017 01:55 pm
pullbacks continue to be small and get bid back up now from the 88 area, and as long as 88-87.50 prior resistance continues holding as new support the choppy trend up move can continue towards 91.50-92.50

06 Nov 2017 02:01 pm
6314.50-6316.50 third NQ resistance was sold /reverse around 10:50 and pulled back to 6294 and has rebounded to 6313.25 so far, and would need to take out the 6315.50 high and only small pullback after get bought again

06 Nov 2017 02:05 pm
might want to keep your eyes on the Dow cash also with it having a double top and its price action pretty much in sync with the ES. The NQ rally has a shot at testing its high also, but need to be strong if ES going to get back to or through its high

06 Nov 2017 02:09 pm
if this is going to keep grinding higher than needs to keep above the 87.75 level on the ES and make a higher high over 89 and then come down and make another higher low should hold 87.75 or else began to back away from these highs across-the-board f

06 Nov 2017 02:15 pm
the Dow is back touching its high right now, and pretty soon the ES needs to take out 89 and the NQ take out 6314.50-6315.50 without turning right back down, or could be failure and push lower soon

06 Nov 2017 02:25 pm
so far just another pullback and now needs to make a higher high or else risk coming back down to or through 87.25 which could be a reversal kind of area if broken by much, prior pullback low and break of current stair step higher uptrend

06 Nov 2017 02:30 pm
all of the averages are stalling out around their highs and would need to only have a tiny pullback get turned up in make a new high over 89 on the ES or else risk breaking 87.25 which should be a key area and maybe you breakdown area

06 Nov 2017 02:32 pm
NQ coming off pretty good in that should be a double top around resistance on that contract at about this from here fail

06 Nov 2017 02:43 pm
small pullback holding as a higher load oh at 87.75 so now 87.75-87.25 should be important to hold above if this is going to keep draining higher and make a higher high on this move up

06 Nov 2017 02:47 pm
the way this action is going that ES should go up over 89 and then pullback again after the Dow pokes above its high and turns down also. Low areas around 87.75-87.25 must be the fended and not broken.

06 Nov 2017 02:53 pm
the VIX went into the 8s for just the third time in the last 23+ years and the second time this year (7/28, a few days before shakeout) but today has been opposite of normal and up also today. Would need to break back under 9.45, or over 9.60 to get

06 Nov 2017 02:54 pm
the Dow made a new high on this move and now the ES needs to go through 89 and continue working its way towards 91.50-92.50 if this isn't going to be a failure at higher highs

06 Nov 2017 02:55 pm
still needs to make a token higher high at least before a pullback of any sort but shouldn't be very bad pullback if this is going to keep going like this the rest of today

06 Nov 2017 03:04 pm
still think this can get to 91.50-92.50 but only if this action continues, and it looks like the Dow needs another push higher and the NQ stay strong

06 Nov 2017 03:05 pm
poll that should hold at or above 89.50-88.50 area in order to keep a good uptrend from breaking very short-term

06 Nov 2017 03:09 pm
has to be another small pullback that gets turned back up so that it looks like 89-88.50 area will need to hold or else potential for a reversal to occur

06 Nov 2017 03:16 pm
with the ES going to a new high at 90.00 and backing away, and the Dow making a new high-end going sideways/lower at the moment, that ES is going to need to hold 89-88.50 on a dip in so far 89 has held and needs to make another higher high or else th

06 Nov 2017 03:21 pm
stills going to need hold at/over 89-88.50 area at the end of the day, or else risk going back down to or through 87.50 now major pivotal area

06 Nov 2017 03:25 pm
the way that the market has acted today it won't be a surprise if we have closes at or near the height of the day. The Dow will need to hold its breakout area from a little while ago and hold around 25,562 area

06 Nov 2017 03:31 pm
in the last 30 minutes the stairstep higher pattern and basically trend up move can continue as long as 89-88.50 is not broken through. The hike could be made at or near the close

06 Nov 2017 03:33 pm
it is still the 91.50-92.50 area that could be reached above as long as the ES doesn't take out 89-88.50. If that should happen instead for some reason, then the trend up move would be breaking and especially going under 87 area again

06 Nov 2017 03:34 pm
have a great rest of your day! Take care!!

06 Nov 2017 03:43 pm
late day breakdown and highs should be in place as a bounce from down here could go a ways but not make new highs and be able to stay up there now

 

INTRADAY LOG FOR THURSDAY - NOVEMBER 2, 2017

HOW OUR TRADING DAY WENT: We had a low made at the 2562.50-2562.00 MAJOR #2 support and a a high pass the 2578.00-2578.50 initial resistance at the end of the day, with good action around the zones throughout the day. CLICK HERE TO WATCH a quick video recap. Do you see any good setups?

02 Nov 2017 09:02 am
Good morning. After going down to 63.50, just above what should be a major area at 62.50, that ES made it all the way back to 76.00 so far. Any early strength should be sold into unless 78.50 broken/77.50 holds on dip

02 Nov 2017 09:04 am
that is a good range for overnight trading, could have just made a top

02 Nov 2017 09:18 am
I will update the level after the open

02 Nov 2017 09:33 am
pop-up needs to keep going over 75.50 area//hold or come back down. 74.00 was low just before closing yesterday and needs to hold or else go down to 73 or lower.

02 Nov 2017 09:36 am
pop-up failed at 76 so far and 74 key and high-end place likely if broken by much and not turn right up

02 Nov 2017 09:38 am
under pressure under 75.50

02 Nov 2017 09:41 am
74.25 held so far and was turned up but not with in the gusto yet and needs to get over 75.50-76 to take some pressure off

02 Nov 2017 09:41 am
I will meet you online around 10:20 roughly

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

02 Nov 2017 12:09 pm
the ES dropped 20.25 points from yesterday's 82.50 bounce I to the 62.50-62 major area and bounced back 50% before polling back to the 67.50-66.50 support again and turning up and currently in uptrend with resistance at 74-75 breakdown area

02 Nov 2017 12:14 pm
we have already has our early selling and first decent pullback bought at support and reversed at 10:15 AM (5 minutes out of the "normal" first 40 minutes) after overnight volatility also.. This bounce should not get back to or through 75.50-76.50 o

02 Nov 2017 12:17 pm
there is a chance for this to get to the 76 area if there is no pullback and this makes another push higher from up here. Should be hard to get over 82-82.50 and hold up there

02 Nov 2017 12:21 pm
selling out and a move unde 73 good turned back down

02 Nov 2017 12:31 pm
75-75.75 area would need to be broken through and held for a shot at getting to the 82.50 area again,, but looks like it could be a high now

02 Nov 2017 12:32 pm
could be starting a decent pullback to around the 73 area or thereabouts, not much more or else could go through 71.50 again

02 Nov 2017 12:34 pm
we had a spike up to 10.71 on the VIX and it has plunged down to 9.91 so far, and although it could go a little bit lower, it is at a short-term extreme and a red flag up here

02 Nov 2017 12:37 pm
75.25 is the bounds high so far and needs to get through 78-78.50 in order to make a go at the 82-82.50 area. However shouldn't get that far unless every pullback is tiny, right now would need to hold this 73.50-73 area to continue good uptrend

02 Nov 2017 12:39 pm
still looks like a top at 75.25 for now and pullback to or through 67.50-66.50 again. – –I am going to be away until around 1:15-1:20 this afternoon but if something happens that needs an update out to so as soon as time permits.

02 Nov 2017 12:58 pm
72 held and the ES turned back up after a small pullback and if it doesn't turn down from the 75.25 high or lower, then there is a shot at getting to the 78-78.50 area which would be a key up there

02 Nov 2017 12:59 pm
has to now hold over 73 or else could have a lower high in place and start a pullback again to test were break 72.50 area

02 Nov 2017 01:11 pm
mmade the lower high and just reach 72.25 and breaking through 71.50 low from yesterday and holding can get this turned down for a while. A bounce from that level should fail under 74.75

02 Nov 2017 01:28 pm
the bounces off of 72.50 area have been failing and unless 75.25 is broken the ES stays under some pressure for a pullback to or through 72-71 area

02 Nov 2017 01:31 pm
also we have had the Dow cash just missing its intraday all-time high but only a you points before turning down and that holding under its highs should keep pressure on also

02 Nov 2017 01:49 pm
this bounce from the 71.75 level which is in the 72-71 support needs to hold their and make a move up above 74.50 without turning back down for a fourth time, or else fail and break through 71 area and hold under 72 in order to change from uptrend

02 Nov 2017 01:50 pm
feeble looking bounce attempt and still should be sold on bounces under 74 rate now

02 Nov 2017 02:01 pm
cannot bounce much at all so far and pretty good chance of going under 71.50 low from yesterday and if 71 broken also then downside could get momentum to the 67-66 area again

02 Nov 2017 02:08 pm
with these pop-ups from the 71.50 area are continuing to fail and likely going to go through 71 area if this action continues

02 Nov 2017 02:18 pm
another bounce from 71.75 support is failing and coming down through 71.50-71 gets the downside picking up some momentum, or at least it should even though the action has been slow motion up here

02 Nov 2017 02:21 pm
with this holding above 71.75 at the moment, it has its best chance of making a run up now if it's going to. If not then it should begin to break down through 71.50-71 possibly with momentum instead

02 Nov 2017 02:24 pm
with that ES holding the 72.50-71.50 support and turning up now from a higher low gives is a better shot at 75.25 height of the day or a test and lower high possible

02 Nov 2017 02:30 pm
should keep going to or through 95.25 high of the day or else another failure of some sort. But should be bought on a dip and oh back up again

02 Nov 2017 02:30 pm
should keep going to or through 95.25 high of the day or else another failure of some sort. But should be bought on a dip and oh back up again

02 Nov 2017 02:34 pm
so far a bounce high stopping 1 tick under the 95.25 early high but has a chance of getting through if it can hold and turned up from 73.50 area at the worst it looks. Going back down again otherwise

02 Nov 2017 02:42 pm
the VIX bounce from 9.91 as I noted earlier and after reaching 10.21 it rolled over and now is at 9.98 and still moving lower.. Pretty soon the VIX will pop, and the VXX could give nice quick 10%-120% gain. The drop hundred and turning up is red flag

02 Nov 2017 02:44 pm
a drop through 71 could pick up momentum and go for the 67.50-66.15 area again

02 Nov 2017 02:46 pm
Annie kind of bounce from here should be sold into if there is one, as this looks about ready to break 71.50-70 and needs to get momentum instead of turning back up again. We will sleep here soon

02 Nov 2017 02:49 pm
bouncing from the 71.75 support yet again but not with much gusto and should make a new high but instead end up breaking through the bottom of the ranges on the ES and with the Dow

02 Nov 2017 02:53 pm
a breakthrough 71 that is not turn right back up has minor area that 70 and then down to the 67.50-66.50 area

02 Nov 2017 02:59 pm
and about 5 minutes I need to be away for about 10 minutes. Just a heads up. Bounces should fail and going under 69 salaries the downside most likely to the 67-66 area

02 Nov 2017 03:04 pm
turning up from 71 support and needs to keep going over 72.50 at least and then just a tiny pullback before going up again, or will fail

02 Nov 2017 03:06 pm
bounces should have trouble holding it looks and need to get back over 72.50 and then just a small pullback after and turned up again. Right now a failed bounce attempt and could break 71

02 Nov 2017 03:12 pm
back in about 10 minutes hopefully at the most.

02 Nov 2017 03:26 pm
71 key end of day and needs to hold and rally from that area or else going down through 71 can cause a breakdown.. The Dow cash just made a new intraday all-time high, helping hold the ES up.it would need to reverse

02 Nov 2017 03:29 pm
this can keep going higher and test the double top hat the 75-75.25 area

02 Nov 2017 03:30 pm
and a chance at the major area up around the 78-78.50 area, although that will take some momentum

02 Nov 2017 03:32 pm
beware of this token higher high giving a pullback of some sort, should not go to far if the Dow keeps its run going higher though

02 Nov 2017 03:34 pm
in the last 30 minutes you might want to keep your eyes on the Dow cash as it had a strong run up through its all-time high and would need to roll over from up here if the ES is going to do any more than small pullback

02 Nov 2017 03:35 pm
the market could get a little top-heavy up here however a pullback will go far.

02 Nov 2017 03:35 pm
have a great rest of your day! I will catch you tomorrow in the morning. Take care!

 

INTRADAY LOG FOR WEDNESDAY - NOVEMBER 1, 2017

HOW OUR TRADING DAY WENT: In last night's update members were told to look for a reversal between 9:50 and 10:10 AM, and a gap up open into new all-time high territory stopped 1 point from last resistance and reversed at 9:50 AM. That started a drop to the 2571.50 initial report before reversing. CLICK HERE TO WATCH a short video from today.

01 Nov 2017 09:11 am
good morning. If the ES opens above 75.50 it will be a gap up day and needs to hold 75.50 area and turn back up to potential reversal day.

01 Nov 2017 09:16 am
should be a pullback from the big gap up but not come down very far before buying comes in

01 Nov 2017 09:23 am
if this gets over the 82.50 level and holds around 81 then this gap up open MIGHT have a chance of going a little higher last a little bit but turning down no later the 10:10 AM

01 Nov 2017 09:25 am
however, if this cannot get over 82.50 and hold 81.50 then it should come back towards 78-77 area first and if that does not hold then 75.50 fill stick gap

01 Nov 2017 09:35 am
needs to get over 82.50 and hold. If it holds under, goes over and then back under it should start a pullback of some sort

01 Nov 2017 09:38 am
82.25 high turned down and has to go back down under 80 or else could continue of that higher but not hold over 82.50 very long is broken

01 Nov 2017 09:43 am
73 was reach and came right back down and needs to hold 81.50-80.50 and especially 77-76 which is a ways down there now. probably a long shot that the 86.50-87.50 area is reached

01 Nov 2017 09:45 am
look for a high to be made around 9:50-10:10 AM time frame at the latest unless it's going to be a trend up day. Doubt that. 82 area key support now

01 Nov 2017 09:46 am
meets you online and just a little while

01 Nov 2017 09:59 am
2586.50-2587.50 sold. 81-92 if melt up

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

01 Nov 2017 12:00 pm
the ES reversed after 20 minutes of trading per last night's update, and just missed filling that gap at 75.50 but that could be reached also if a bounce hold under 77.50-78 area now

01 Nov 2017 12:05 pm
apologies, the gap was filled at the 75.50 level as 75 is the low so far. Must hold that level or else go back towards 73-72 area. But unless broken seven, this could lead to better bounce to a better bounce attempt and test were break 78-79 new resi

01 Nov 2017 12:06 pm
at least at the moment

01 Nov 2017 12:19 pm
so far made it back to 78.25 and needs to go up through 78.50 and hold 78-77.50 then turn up again for this new try going further to or through 80-80.50 possibly 82 area again

01 Nov 2017 12:23 pm
with the 10.50 point pullback before the Fed release at 2 PM, that could be a low at least for a while but if this goes over 79 and not turn right back down.. Otherwise could go back towards low breaking 77.25 area

01 Nov 2017 12:24 pm
could be a bit more upside if the EMA's on the 1 minute chart continue holding but if not then could roll over again towards 77.25 and possible breakdown again

01 Nov 2017 12:26 pm
with the Fed meeting at 2 PM I will be back around 1:15-1:20 roughly and will update when I am free ASAP if necessary

01 Nov 2017 12:59 pm
pop-ups continue to fail at lower highs on the way down from 78.75 and a move under 76 should keep going towards 75 again and possibly a bit lower around 73.75

01 Nov 2017 01:07 pm
that ES just took out the 75 low of the day and can continue down to or through 73.75. If it goes through then must hold 72.50-71.50 support just below or else a bigger breakdown before Fed release

01 Nov 2017 01:08 pm
remember that these trend moves have a tendency to be reversed. Only problem with that today is if so it likely will not stick. Sentiment got overly bullish, would again if decent bounce. Also

01 Nov 2017 01:09 pm
also we have a new all-time high again and is a reversal day on the NQ and almost there on the ES. Would have work to do to avoid this being an important top at least for a few days

01 Nov 2017 01:11 pm
73 has been reached and needs to have a good bounce back above 76.50 in order to attempt arresting downside momentum and hold the 72.50-71.50 support. The Dow just now filled it's gap from its high yesterday

01 Nov 2017 01:12 pm
update in about 10 minutes

01 Nov 2017 01:23 pm
71.50 first support and 71.00 needs to be the lowest it goes or else continue down to the 68-67 area, but with that support holding this is its best chance for a decent bounce

01 Nov 2017 01:25 pm
biggest bounces have been 3.75 and 4.00 points and if the symmetry is going to hold then this bounce needs to take out the 75.50 area and then hold on a small pullback and go back up through that again for a break of that symmetry

01 Nov 2017 01:41 pm
guy have to go through 75.50 and not fail at or below that level again or else there could be another push lower before the Fed announcement at 2 PM

01 Nov 2017 01:43 pm
there was basically a trend down move to the 71.50 initial support, and with it coming from a good support this is best chance to get better than a 3.75-4.00 point bounce

01 Nov 2017 01:50 pm
12 minutes before the Fed release and a 4 point bounce that is backing away from the 75.50 bounce high and needs to get over that and be able to keep going even if after a small pullback to attempt a turnaround and avoid potential drop that to a high

01 Nov 2017 01:51 pm
I will wait a little bit after the Fed release to update but look for a fake out and then reversal that should get some momentum one way or another

01 Nov 2017 01:52 pm
still has 75.50 to get through tho

01 Nov 2017 01:52 pm
so far 3 bounces in this trend down moves and all are 3.75-4.00 points

01 Nov 2017 01:55 pm
which as dynamic resistance can give you good spot for an entry/reentry, and if for some reason countertrend trading then as a target. 6 minutes before Fed release and needs to bounce from a higher low at 72.50 and not break 71.50 or else could conti

01 Nov 2017 02:01 pm
should be decent bounce with the ES bottoming at support. Just must hold the 71.50 low area if there is a sharp drop again. Update about 5-10 minutes after release

01 Nov 2017 02:01 pm
should be decent bounce with the ES bottoming at support. Just must hold the 71.50 low area if there is a sharp drop again. Update about 5-10 minutes after release

01 Nov 2017 02:05 pm
has to go through 78.50 area and not turn right back down or else pullback coming

01 Nov 2017 02:08 pm
pullback will need to hold 75-74.50 at the very lowest and turn up from there or else a top of some sort at the 77.50-78 area will be good resistance and currently is for a push lower

01 Nov 2017 02:18 pm
the VIX went from 9.77 and 9.78 with the last reversal starting at 11:25 AM and went all the way to 10.49 at 1:20 PM, and it reversed down (bullish) and just plunged to 9.84 and now watch 9.97 and then 10.12 as moves above could coincide reversal

01 Nov 2017 02:19 pm
with the ES backing away from 78 on this move, it still keeps the market vulnerable and less 78.50 is broken and then only a small pullback afterwards

01 Nov 2017 02:23 pm
let's like 75 will need to hold and get turned up on this pullback in order to get one more bounce attempt at least

01 Nov 2017 02:25 pm
it looks like the ES is struggling to hold 75 area and if broken 72.50-71.50 support

01 Nov 2017 02:26 pm
or just above can be reached

01 Nov 2017 02:30 pm
this is continuing to work its way down towards the 72.50-71.50 low area, or maybe just above but something is needed to get it around soon

01 Nov 2017 02:33 pm
a pullback stopped 2.50 points above the low at 74 and will need to hold that level the rest of the afternoon in order to avoid a move back to or through 72.50-71.50 area

01 Nov 2017 02:35 pm
pullback turned up from 14 and will need to hold that level for the rest of the afternoon in order to avoid breaking down to 72.50-71.50, needs to go over 77-78 which has turned the ES away 3 times so far today

01 Nov 2017 02:36 pm
needs to go through 78 without stopping for only have a small pullback hold 77 in order to go for the 80.50-81.50 area next

01 Nov 2017 02:38 pm
that's just a minor area above where a turn could come from, but only a small pullback most likely. Above that is the 82-82.50 resistance again

01 Nov 2017 02:38 pm
update in about 10 minutes or so

01 Nov 2017 02:52 pm
so far that ES reached 78.75 and will need to hold above 77 area in order to avoid another pullback. If just a small pullback gets turned up again, then a move towards 80.50 or a bit higher possible

01 Nov 2017 02:56 pm
78.50 was reached and now backing away a bit and under the 77 level by a little bit, and should get it bid back up if this holds 74.50 at the very lowest. If it goes any further bounces should fail

01 Nov 2017 03:06 pm
a quick drop in quick reversal back up from 76.00 keeps the market from breaking down, but needs to get over 78.50 and be able to stick pretty soon

01 Nov 2017 03:08 pm
well, right back up to 78.25 and needs to have enough gusto to get over 78.50 and then only have a small pullback after that. Could go back down to a higher low over 76 and turned up to keep upside from breaking

01 Nov 2017 03:12 pm
78.75 needs to be broken through with some gusto to get to the 80.50 area or higher then have a pullback hold 78.50 area at worst and go up again. still can roll over if that doesn't happen

01 Nov 2017 03:18 pm
cannot get over 78.50 so it's decided to roll over and now needs to hold and bounced again from above 76 or else a lower low will be made in this triangle type of pattern. Need to get over 78.54 this will stay bearish

01 Nov 2017 03:22 pm
going to break this pattern on the downside going through 76 and could continue down towards 74 again, but need to hold 74 or else continue down to or through 72.50-71.50 low at support so far today

01 Nov 2017 03:34 pm
a bounce from 75.75 so far made a lower high and unless 78.50 is broken through and then can hold 77.50 and turn back up or just keep going through to avoid what could be a late day drop,

01 Nov 2017 03:35 pm
if there is another break under 75.75 and especially 75-74.50 area in the last 25 minutes

01 Nov 2017 03:37 pm
have a great rest of the day! Still looks like failing to keep going over 78.50 on this move could lead to a late day pullback. Take care!

 

INTRADAY LOG FOR TUESDAY - OCTOBER 31, 2017

31 Oct 2017 09:13 am
Good morning. the ES should open above 72.50-71.50 but can pullback as far as 71.50 but must turned up from there

31 Oct 2017 09:21 am
this area up here likely get sold into and then pullback should be bought. Keep an eye on the VIX with it back under 10 again. A move under 9.95 and turn up over 10.12 is a sell signal

31 Oct 2017 09:28 am
should not be much more upside unless going to open up your and go through 74 without a quick turned back down, but uptrend will be in tact as long as 72.50-71.50 is not broken

31 Oct 2017 09:29 am
update and about 5-10 minutes and then I'll meet you online around 10:20. There is Econ data at 10 AM

31 Oct 2017 09:33 am
if this cannot turn up from 71.50 and get above 73 and hold them market under pressure for a bigger breakdown

31 Oct 2017 09:33 am
shouldn't be able to get over 73 and hold early unless in a melt up mode which it doesn't appear it is

31 Oct 2017 09:44 am
would still needs to reverse from under 73.50 area and go under 71.50 to break uptrend on ES. NQ also strong and the Dow going lower. Okay, meet you at 10:30 roughly

31 Oct 2017 09:56 am
68.5 supp tgt

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31 Oct 2017 12:07 pm
the ES turned up from 72.50 and needs to take out the 74.75 high or else come back down to or through that zone and if through then 71.50 must hold or breaking down

31 Oct 2017 12:11 pm
any bounce from here should fail at or below 73-74 area and if not then another move above and back below should trigger another drop similar to this last one and maybe more

31 Oct 2017 12:31 pm
bounce attempt from 72.25 was evil and didn't make a new high and coming back down to the 72.50 area again and breaking through that would go to 71.50 which is the bottom of that zone, one more run up needs to make a higher high but would not stick

31 Oct 2017 12:33 pm
at the moment the ES is holding the 72.50 prior initial resistance as new support coming off of a high at 74.75 and will likely break through 72.50-72 before reaching 74.75 again

31 Oct 2017 12:34 pm
I will be away in till around 1:20 but will update ASAP when I have any free time and an update is necessary.

31 Oct 2017 01:14 pm
that ES has been holding the 72.50-72.75 area however bounces are feasible and twice failed at 74 and unless 74 broken there can be a breakdown through 72-71.50

31 Oct 2017 01:36 pm
continuing to give small scalping opportunities from the 72.50 level and/or the short pokes up to 24 2 or 3 times but that is about it. Should be a break to the downside instead of upside today though the way it's acting

31 Oct 2017 01:43 pm
should go back down to test again and possibly break 72.50 has it just reach 70.75. If no bounce from 70.50 yet again then begins to break down

31 Oct 2017 01:46 pm
another bounce attempt from 72.50 but will breakdown unless 73.50 is taken out on a bounce

31 Oct 2017 01:53 pm
bounce needs to keep going through 73.50 at a minimum before pulling back again

31 Oct 2017 02:05 pm
with the NQ trying to push higher the ES could try to tag along, but this 74 area has been sold 2 times and a half above up to 64.75 is high for the day would the on alert for another pullback

31 Oct 2017 02:09 pm
trying for the 74.75 high of the day but a lower high and break under 73.25 can mean another top in place at least for a while

31 Oct 2017 02:28 pm
the ES has been stalling around its 74.75 double top at the moment, but would need to break under at least 74 and not turn right back of in order to break this steady uptrend

31 Oct 2017 02:29 pm
I don't think that a breakout over 74.75 would stick very long, should be reversed unless headed towards 77-78 new all-time high for some reason

31 Oct 2017 02:31 pm
could be a top at this goes under 74-73.50 area especially, come back down to the 72.50 again and maybe more if that happens

31 Oct 2017 02:42 pm
instead of a breakout on the upside over the 74.75 double top, which has been holding this down almost 30 minutes now, a move back under 74.75-74.50 could begin a breakdown attempt towards the 72.50 lower if 73.25 is broken also

31 Oct 2017 02:45 pm
73-72.50 is as far as this pullback should go or else a break under 71.50 would put it in further breakdown mode

31 Oct 2017 02:53 pm
bouncing from 72.75 this time however should not be able to get back to or through the double top at 74.75 however resistance at 74 area should be good bounce resistance

31 Oct 2017 02:57 pm
a failure to get back over 74 and hold would be bearish and could lead to a test were break through 72.50-71.50 key area below

31 Oct 2017 03:00 pm
will need to hold the 72.75-72.25 area the rest of the day, and if 74.75 is broken and not turn right back down, the door is open for a move to the 77-78 area end of the day

31 Oct 2017 03:04 pm
75 reached so far and so far just a token higher high, but if 74 holds there is a chance at 77-78

31 Oct 2017 03:11 pm
coming down from token higher high and needs to hold 74-73.50 otherwise continue down to or through 72.50-71.50 major zone now this afternoon

31 Oct 2017 03:14 pm
73.75 was not challenged and another higher high has been made and still good work its way up to the 77-78 area if this continues

31 Oct 2017 03:23 pm
another token higher high is being sold, and popping back up again but shouldn't stick a second time in less headed for the 77-78 area which looks to be a little bit too far for the day

31 Oct 2017 03:26 pm
in the last 35 minutes the ES needs to hold 74 or else could go back down towards 72.50-72 area again and that is a major area to hold the rest of the afternoon

31 Oct 2017 03:28 pm
with the Fed decision on interest rates tomorrow,the last 30 minutes there could be another bounce attempt however it should have trouble getting to or through the 77--78 area unless finishing on a very strong note

31 Oct 2017 03:30 pm
any kind of late day pullback needs to hold 74 or else could go back down to or through 72.50-70 area and finish on a poor note

31 Oct 2017 03:30 pm
looks like bounces are going to have trouble holding and would look to only short bounces down to 72.50 area

31 Oct 2017 03:32 pm
a chance for a breakdown with 74 being broken and now a shot at the 72.50 area which needs to give a good bounce in order to avoid breaking down to and the day

31 Oct 2017 03:35 pm
pop-up from 72.50 should not go very far before a breakdown attempt. – – have a great rest of the day! I'll meet you here in the morning after you have read the nightly update. Take care!

 

INTRADAY LOG FOR MONDAY - OCTOBER 30, 2017

HOW OUR TRADING DAY WENT: Monday was two-sided action with set up slightly above and below resistance and support, and mostly 2 zones in between. CLICK HERE for quick video recap!

30 Oct 2017 09:15 am
good morning. it looks like as long as 72 is held at or above that ES will avoid trouble early although that NQ could have pressure on

30 Oct 2017 09:24 am
if 72.50-71.50 doesn't hold than a small bounce that follows should be sold. it looks like 74 needs broken with momentum and held around that area after that and go back up again and instead

30 Oct 2017 09:33 am
has to break through 71.50 and hold under 72.50 after that for any further downside. Just 1

30 Oct 2017 09:35 am
so far went just 1 tick below 71.50 support and popped up but still looks like 74 needs to be taken out on this bounce and stay up there and keep going towards 75.75-76.75

30 Oct 2017 09:39 am
75.75 reached and needs to go through 76.75 and that it turned back down throug 73.50 at the worst

30 Oct 2017 09:45 am
75.25 high at prior initial support so far and 73.75 held on a dip but if 73.50 is broken then uptrend from support could break also

30 Oct 2017 09:48 am
73 reached and turned up but still a bigger picture downtrend and needs to get over 75.25 or else under pressure for another lower low

30 Oct 2017 09:53 am
still holding 73 and needs to take out 74.50 and not turn right back down or still could make a higher low on a deeper pullback

30 Oct 2017 09:58 am
little double top at old support but if 73 holds it could push a little higher Back to 73 or lower

30 Oct 2017 10:04 am
73 important support now. Same with 75.25-76.25 prior initial support on this bounce attempt to break through. If so needs to hold around 74.50 avoid bigger pullback

30 Oct 2017 10:08 am
bounce from 1 tick under the 72.50-71.50 zone to the 75.25 initial support/new resistance and pullback to 73 updated support and now unless 75.25 broken still in a downtrend and 73 could be tested or broken

30 Oct 2017 10:17 am
73.25 pullback low again and 73 turning into a key support area that must hold at the ES is going to have any chance of getting through 75.25-76.25 area

30 Oct 2017 10:20 am
should hold 75.50-74.50 area on and eight pullback now in order to keep the uptrend from the low at support in gear

30 Oct 2017 10:21 am
knowing up to the 76.75-77.50 area should be goods resistance right now

30 Oct 2017 10:28 am
76.50 was reach and now a pullback to 74.50 needs to hold or else back can go back down towards 73 and again

30 Oct 2017 10:33 am
turned up from 74.75 and 77.25-77.50 needs broken/held

30 Oct 2017 10:40 am
backing away from 77 and need to turn back up from 76-75.50 area or else gets toppy

30 Oct 2017 10:47 am
from 77.50 so far and 1 point under Fridays close so far and a pullback needs to hold 75.50 or else could be a top in for a while at least for a pullback of some sort

30 Oct 2017 10:50 am
in a bounce from here will be sold into as a top should be in poor a while

30 Oct 2017 10:58 am
bounce from 75.50 support didn't know far a came back down to 75.50 again and could go to or through 74.50-73.50, must not go under that area or else break down, test of lows could happen. Low odds right now going that far

30 Oct 2017 11:03 am
a break under 74.50 that's not quickly turned back up needed for a further breakdown otherwise could bounce a little bit from here at 76.25 area

30 Oct 2017 11:11 am
rolling over on ES and NQ which had a 44 point run up from its open to its high and unless 76.50 broken bounces continue failing down to or through 74.75 or more

30 Oct 2017 11:15 am
74.50 is 50% pullback and if broken by much then 73 needs to hold as a major area to avoid a test were break of the 71.50 level

30 Oct 2017 11:23 am
about to test or go through 73 on this move down

30 Oct 2017 11:27 am
72.75 was reached and still going lower as long as 74.50-75.50 is not broken above and able to stick

30 Oct 2017 11:31 am
need a bounce off of 71.50-71 or else keep going to or through 68.50 then 66 a major area today

30 Oct 2017 11:37 am
68.50 almost reached and if no sign of a turn 67-66 should be tested and must it turned up from around that area to avoid bigger breakdown towards 62-61 next

30 Oct 2017 11:40 am
68.50 area barely broken but pressure on under 70.15 and could be headed to or through 67-66 and must hold that area or else keep going 62-61 area

30 Oct 2017 11:43 am
bounce off of 67.50-66.50 support zone, now needs to keep going up through 70.50 without turning down again in order to break current downtrend for a while

30 Oct 2017 11:50 am
bounce from support but still under pressure as long as 70.50 is not broken above first and then after a small pullback gets back above 72.50 again

30 Oct 2017 11:53 am
making a higher low and now must get above 70.50 at least and possibly 72.52 have any kind of bounce attempt from this major support area at 67.50-66.50 area, 66 at the worst

30 Oct 2017 12:06 pm
should be a high in place for the day 1 point under Fridays close and probably not rally back all the way again today and breaking through 66.50 area would open the door for a move towards 62.50-61.50

30 Oct 2017 12:12 pm
ES just made a break of the 67 level and if 66 is broken through also been could continue down towards 62.50-63.50. Whatever that ES does under pressure unless 70.50 broken/held now

30 Oct 2017 12:19 pm
this can keep going towards the 62.50-61.50 area if that doesn't get turned back up before 12:30 or happened by that time. However if there is a move back over 2568.50 then could get a chance of a turn around

30 Oct 2017 12:19 pm
I will be away until around 1:15 but will update before then if necessary and I am free ASAP

30 Oct 2017 12:42 pm
well, with a quick reversal up from 65.50, just under the 66 key level down here before going towards 62-61 which would be 50% retrace from 41.50 low to Friday all-time high

30 Oct 2017 12:49 pm
needs to go through 70.50 up to around 72.50, then hold 70.50 area on a pullback, if this is going to be a bottom and get turned back up – or else a bounce high in place

30 Oct 2017 01:21 pm
70.50 was broken through and needs to go through 71.50-72.50 now to get back above neutral territory, and if 70-69.50 is reached there needs to be instant turned up

30 Oct 2017 01:36 pm
71.50 was touched and the ES is backing away again and needs to hold 68.50-67.50 at the worst in order to keep the market out of trouble and bounce back again

30 Oct 2017 01:40 pm
70.50 was reached and immediately turned down and a quick pullback held blue support at 69.50-68.50 which should not be seen again without being bought today

30 Oct 2017 01:42 pm
we have a below and reversal at the 12:20 PM timeframe which has marked many lows lately and stays away from a breakdown as long as 69 area holds

30 Oct 2017 01:51 pm
the quick reversal back up from 69.75 and in the 70.50-69.50 new support and unless broken this has a shot of taking out 71.50-72.50 area on this move and reach neutral territory

30 Oct 2017 01:53 pm
well about two break 69.50 and the 68.50 level should be an important to hold or else it will open the door for a move down to 67.50-66.50 area again

30 Oct 2017 02:10 pm
so far the pullback held just above the 67.50 support and turned up, and needs to keep going on up through 71.50--72.50 and order to avoid a failed bounce and break of 67.50

30 Oct 2017 02:27 pm
this bounce back towards the 71.50-72.50 zone needs to be broken through or else the bounces continue failing and another move down would have a chance of testing or taking out 66 area another time

30 Oct 2017 02:34 pm
currently stuck between 67.50-66.50 support and the 71.50-72.50 prior support/new resistance and the way the market has acted lately it should get through the top side this afternoon

30 Oct 2017 02:45 pm
bounds started at 2:40 PM and the tail end of the 2:20-2:40 reversal time frame and if going to make a move through 71.50-72.50 it will need to happen soon

30 Oct 2017 02:56 pm
backing away again by a small amount so far from the 71.00 level and under 71.50 resistance, but if this pullback is small and holds 69.50 and turns up above 68.50 then can avoid potential breakdown towards the lows

30 Oct 2017 03:02 pm
if there is going to be another bounce attempt it needs to come from above 68.50. A move down to or through that level could keep a break lower again

30 Oct 2017 03:09 pm
turning up from the 68.50 updated support and needs to make a move over 71.50 still in order to be out of trouble at the end of the day

30 Oct 2017 03:14 pm
could be a breakdown at the end of the day if this goes through the 67.50-666.50 area without popping right back up again like last time

30 Oct 2017 03:17 pm
basically a trend down day and especially with the bounce stopping at the 71.50-72.50 prior support turned resistance and rolling over this afternoon. Going through 65.50 low would open the door for a move down to or through 62-61 zone

30 Oct 2017 03:23 pm
lately the market has been able to hold around support and turn back up and rally and close on a swing high for the day. Happens today. Not acting like it once to today and could go back towards the lows

30 Oct 2017 03:28 pm
for a change we could see the market breakdown towards its low of the day at sea 5.50 . To avoid need to turn up from 66.50, current pullback low 66.75

30 Oct 2017 03:30 pm
in the last 30+ minutes of trading the ES will need to hold the 66.50 support and make a move up to or through the 71.50-72.50 area in order to be out of trouble short-term it appears

30 Oct 2017 03:33 pm
getting over 68.50 and holding over that level may be enough to keep this from a late day breakdown. But if that doesn't happen, and the ES turns down again, could go back to or through 66.50

30 Oct 2017 03:34 pm
have a great rest of the day! I'll send an update this evening and then meet you here tomorrow morning. Take care!

 

INTRADAY LOG FOR FRIDAY - OCTOBER 27, 2017

27 Oct 2017 09:19 am
good morning. We are going to get a higher open at or a tiny bit above 67 resistance and there should be a pullback

27 Oct 2017 09:25 am
67-66 is going to be new key support early as that needs to hold or else current uptrend could be breaking. Update after the open

27 Oct 2017 09:29 am
look for any kind of bounce to around 67.52 be sold probably at the highest now

27 Oct 2017 09:31 am
67.25 pounds high and should come down to or through 65-64

27 Oct 2017 09:37 am
68 was reach then came right down through 67 and now could be headed towards 84 area or more

27 Oct 2017 09:41 am
63.75 rate so far as is going to break that on the way down to the just above 62-61 area and bounce but not stick and come back down to another lower low

27 Oct 2017 09:45 am
while the turned up from just under 64 bouncing and needs to get above 66.50-67 and not turn right back down if it's going to keep going to the high or more and that come back down to the low area

27 Oct 2017 09:49 am
66.50-67 bounce resistance on was sold right at 66.75 and should take out the low on the way down to 62.54 more

27 Oct 2017 09:51 am
can bounce from this token lower low but needs to clear 67 and only a small pullback after that and go up again to avoid breaking down after a few bow bounce here

27 Oct 2017 09:57 am
65.50 area needs to give a bounce or else double top could stick and go down through the low instead

27 Oct 2017 10:03 am
66 held on a dip before the Michigan sentiment which was a good number and ES now should hold 66.50 as a major area of support today now. Next resistance just above that 71-72 area to clear and hold 70.50 on a bit

27 Oct 2017 10:05 am
72.50 could be a top if 70.50 area doesn't hold and that opened the door for a pullback to around 68-67

27 Oct 2017 10:11 am
72.50 high so far barely over 72 resistance and 73 needs broken through or a chance of breaking 70-69.50 on the way to 68.25-67.50 which must hold if reached

27 Oct 2017 10:22 am
stalling out at this resistance and should begin to come back down to or through 68.50-68 pretty soon if there is going to be a pullback instead of another run up towards 76.75 all-time high

27 Oct 2017 10:26 am
almost to the 68.55 to 68 area and needs to bounce was some gusto again to avoid topping out

27 Oct 2017 10:30 am
has to hold under 71 if going down to the 68.50-68 zone or lower

27 Oct 2017 10:31 am
update and about 7-10 minutes. Should break down by then if it's going to

27 Oct 2017 10:38 am
still just above the 68.50-68 area just where it has been for about 10 minutes and if no bounce than 68-67 needs to hold at the worst, or go back up to test were break 71.50 resistance again

27 Oct 2017 10:45 am
69 has been holding about 15 minutes and should break here soon and test were break 68.50-68 area

27 Oct 2017 10:46 am
otherwise had back up and will need to take out the 71.50 resistance and keep on going through 72.50 high of the day

27 Oct 2017 10:48 am
double top a possibility but if not and goes through 72.50 and holds then could work its way up towards the all-time high this afternoon

27 Oct 2017 11:00 am
so far barely turning down from a lower high and needs to break 70.50 area in order to get something going on the downside and not continue the grind higher

27 Oct 2017 11:07 am
going through the 72.50 high without getting turn right back down keeps this on track to test were break 76.75 area

27 Oct 2017 11:08 am
wwil need to continue holding at or above 72.50 at the very worst or else that target of a new all-time high will go out of the window

27 Oct 2017 11:14 am
needs to go another 2.75 points over the high to get to a token new all-time high, and must avoid a decent sized pullback or else could leave a bigger picture 123 top in place

27 Oct 2017 11:27 am
still nudging higher higher towards 77 new all-time high, but if this comes down through 72.50-72 then chances are a a pullback of some sort underway that must not go under 70.50 at lowest

27 Oct 2017 11:33 am
76.75 is yes a pickup above current high at 75.50 however a chance of it turning down under 76.75 and if that happens then need to break 72.50 in order to break trend/ssymmetry

27 Oct 2017 11:44 am
3 ticks from the intraday all-time high at 76.75 and needs to be on reversal alert from here or to a slightly higher high around 77.50--78.50

27 Oct 2017 11:47 am
that ES has been using that EMA's on the 1 minute chart has uptrend support starting around 10:45 and unless broken the steady uptrend intact and avoids pullback of some sort from up here

27 Oct 2017 11:55 am
all-time high touch and backed away just a small amount but almost enough to break the dynamics support on 1 minute chart by going under 75.50 area and not getting turned right back up again

27 Oct 2017 11:59 am
at the moment there is a double top at the all-time high matching the high made on Monday's gap up open reversed right away, and should make a token higher high on this bounce at a minimum if the upside is going to keep on going without any kind of d

27 Oct 2017 12:01 pm
77.50-78.50 should be tested but then another pullback of some sort unless in a melt up mode today with only tiny pullbacks as the ES keeps on going and going

27 Oct 2017 12:06 pm
going to keep this strong upside going through 78 and a shot at the 81.50-82.50 area next if this continues

27 Oct 2017 12:10 pm
now that the ES has reached the 78.50 level a pullback shouldn't go more than 3.50 points in order to keep the upside in a melt up mode and a move towards 81.50-82.50 can be next

27 Oct 2017 12:19 pm
all dips being bought but if the ES goes under 76.50 and not bounce back with some gusto again, then it could continue to or through 75 which should be important area to hold to avoid reversal of some sort. but should keep pushing higher holding 77

27 Oct 2017 12:22 pm
as has happened quite often lately we could have another 11:30 AM-12:30 PM turning point and top up here at resistance and especially if this breaks 77 area again

27 Oct 2017 12:28 pm
77.50-78.50 last listed resistance broken by 1 tick and came right back down through 77.50, and bounce after to a lower high and so far 76.75 prior all-time high holding right now as new support and needs to break that but especially 75.50-75 which i

27 Oct 2017 12:30 pm
I will be away until around 1:15-1:20 but will update if possible. Right now appears a high could be in, but really needs to break the uptrend support and symmetry around 75.25 area

27 Oct 2017 12:52 pm
only a small pullback that held 76.75 prior all-time high and just ran up to a new all-time high at 79.25 and if that is not another pop then a pullback will be left them 3.50 point

27 Oct 2017 12:52 pm
and then it turned back up with some gusto after that. The 76.75-75.75 area needs broken to break the pullback symmetry. Back later

27 Oct 2017 01:09 pm
another failure at the top of this area at 78.75 and 79.25 the high for the day and shouldn't go much higher and pullback to take out 76.75 or more is more likely it appears than another high able to stick

27 Oct 2017 01:11 pm
after jumping to 13.30 on Wednesday the VIX has plunged down to the 10.00 level and is passed a reversion to the mean and will be close from switching to buy signals to sell signals on a close like this

27 Oct 2017 01:11 pm
after jumping to 13.30 on Wednesday the VIX has plunged down to the 10.00 level and is passed a reversion to the mean and will be close from switching to buy signals to sell signals on a close like this

27 Oct 2017 01:21 pm
not sure if I mentioned this or not but after spiking up to 13.30 on Wednesday the VIX plunged down to 10.00 already and went well below its "mean" and could give sell signals as early as Monday. Right now, 66.75-65.75 is the key support/breakdown

27 Oct 2017 01:31 pm
slowly rolling over and looks like it needs to go through the 75.75 area with some momentum, or have that break and create some momentum, if there is going to be a decent breakdown to around the 72.50-72 area, otherwise that uptrend support could be

27 Oct 2017 01:35 pm
76.25 pullback low so far probably shouldn't be broken, and if so not by much, otherwise instead of another bounce or run up a breakdown could occur

27 Oct 2017 01:47 pm
after a feeble bounce the ES is coming back down to the 76.25 pullback low and if 75.75 is broken through then the pullback symmetry would be broken and could be making a move back towards 73 area. Must hold 76.25 pullback low just above that level

27 Oct 2017 01:51 pm
a chance for this to make it back up close to the high if the Dow can keep its uptrend and even come close to its high

27 Oct 2017 01:57 pm
if there is a failure to make a higher high on this move and then a pullback breaks 76.25-75.75 then there should be a high in place and come back down to 73 before bouncing again. A new high not rejected could make the 82 area before end of the day

27 Oct 2017 02:01 pm
the VIX in a steady downtrend all day and just reached 9.93 already, it will take a move over 10.06 for a reversal there and a red flag for prices if that happens

27 Oct 2017 02:09 pm
needs to make a higher high and then have another pullback that is only 3.00-3.50 points at the most after that for this action to continue and possibly reach the 81.50-82.50 area next

27 Oct 2017 02:14 pm
79.50 reached and it looks like downside is minimal and shouldn't hold 78 now and that will keep this in a strong uptrend towards 81.50-82.50 area which would be next today

27 Oct 2017 02:15 pm
buyers backing away right now at the new all-time high and that might be as far as it goes on the upside and be able to hold right now the way is looking. If one more push higher it will be sold

27 Oct 2017 02:20 pm
almost to the 81.50-82.50 zone already after another tiny pullback was turned back up again and should keep going

27 Oct 2017 02:22 pm
going pretty much straight up to the 80.75 high so far and needs to hold 79-78 area or else could be a reversal from up here. Also there has been a 3.00 and 3.50 point pullback's, so 77.75-77.25 important symmetrical support and this uptrend also

27 Oct 2017 02:24 pm
these new highs are being sold into and if there happens to be one more it should also be sold as the Dow also just made a double top and turned down and could be a top four all of the averages fifth breaks 77.75-77.25 area

27 Oct 2017 02:33 pm
looks like it could still be a top in place and this is just a bounce as a move back under 77.75-77.25 not far below and could begin a bigger breakdown by going under that zone and not getting turn right back up right away

27 Oct 2017 02:38 pm
should be top in place and bounces should fail as long as 79 area is held below

27 Oct 2017 02:39 pm
should break the 77.75-77.25 area, and if so it will either turn around or pick up some downside momentum

27 Oct 2017 02:45 pm
77.25 pullback low so far and trying to get turned back up and will need to take up 79-79.50 in order to try for the higher high and the 81.50-82.50 area, won't be easy even getting there

27 Oct 2017 03:00 pm
bounce from the 77.25 support and the third pullback of 3.00-3.50 points is holding but so far the bounds is not very strong and if they cannot get above 79 area with some gusto from 77.25 key area could be taken out and maybe start something on the

27 Oct 2017 03:06 pm
the market is acting like it wants to make a move higher, but if unable to and comes down through 77.25 and not turn right back up then this steady uptrend will be breaking upside symmetry and could began to break down some

27 Oct 2017 03:10 pm
not a very strong bounce but needs to go under 77.25-76.75 and not get turn right back up get anything going on the downside

27 Oct 2017 03:12 pm
if the ES can get back above 78.50 area and hold then there's a chance the upside could build on that and make one more run up. Needs to show some strength first, otherwise breakdown still possible

27 Oct 2017 03:33 pm
started a reversal at 3:30 PM and a break below 77.25 area breaks the symmetry and could mean a bigger drop in the last 30 minutes or so

27 Oct 2017 03:35 pm
in the last 30 minutes beware of a decent sized pullback at least to or through the 75.50 area if there is a break below the 77.25 level with some gusto

27 Oct 2017 03:37 pm
otherwise a bounce needs to take out 79 area with some gusto if point to make a late run up to a token higher high which is looking doubtful. Break down more likely

27 Oct 2017 03:38 pm
have a great weekend! I will "see" you on Monday morning. Take care!

 

INTRADAY LOG FOR THURSDAY - OCTOBER 26, 2017

HOW OUR TRADING DAY WENT: Thursday we recognize a range bound market and used bounces that stalled for entries and the 2558 support as targets and/or entries on the long side for a number of set ups today. CLICK HERE TO WATCH A SHORT VIDEO

26 Oct 2017 09:17 am
good morning. The early strength on the ES should get a pullback at least as long as 62 not broken and held, and then if a pullback needs to hold 58.50-57.50. if 62 broken/held at 61 and turns up then possibly go a bit higher but not stick

26 Oct 2017 09:20 am
coming down from 62 and can break lower taking out 60. If you are trading the NQ a bounce needs to stay under 6059-6062 area and bearish under that

26 Oct 2017 09:21 am
I will update a little bit after the open and then meet you online around 10:20 or oh level after

26 Oct 2017 09:32 am
should be a high in place and go down to or through 58.50 area

26 Oct 2017 09:37 am
quick reversal from 60, now key support, started the run up to a token higher high and now needs to hold around 61 or else could go back to or through 60. It should do it in the first 40 minutes at latest if it's going down there to at least 60 or l

26 Oct 2017 09:40 am
6059-6061 reached on the NQ which has been stronger from the open and needs to clear and hold that area and order to keep its upside from failing

26 Oct 2017 09:41 am
ES will need to continue holding 60 or else a quick drop to 58.50 area would need to quickly reverse back up again, or else a better pullback underway

26 Oct 2017 09:49 am
65 is yesterdays high and a lower high just under that area could end up a top otherwise continue up to the 66-67 area is broken through

26 Oct 2017 09:50 am
has to hold around the 62-61 prior resistance or else top in place and could be a break down to or through 58.50 area . Meet you online at 10:30

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

26 Oct 2017 12:01 pm
that ES has had two-sided action and after a spike reversal from the 65 resistance/yesterdays high gave a breakdown to the 58.50 pivotal area and bounced back, has to take out 62-63 and not turn right back down from 65 or lower

26 Oct 2017 12:05 pm
with that ES bouncing from just above 59.58 saved it from some potential trouble and still needs to get over 62.50 on this move and hold up there, not reverse, for a shot at testing the high area

26 Oct 2017 12:15 pm
62.50 merrily broken but if just a tiny pullback then still a chance at the ES going up to make a slightly lower low for a 123 type of top or a double top

26 Oct 2017 12:18 pm
I am going to be away until around 1:15 but will update It is necessary just ASAP. Current uptrend and had as long as 62 area not broken and then held from up here under 63 here soon

26 Oct 2017 12:35 pm
tthe ES just broke down again after topping at 63.25 and breaking 62.25 and should test or break 58.50

26 Oct 2017 12:36 pm
and possibly new low at 57 or lower

26 Oct 2017 12:39 pm
anyhow, bearish/range bound unless the ES can get over 63.25 where selling came in a second time after coming down from the 65 high, and just about 10 minutes ago.

26 Oct 2017 01:22 pm
that ES did break down but stayed range bound with 58.50 being touched twice again before turning up again and not too far from the 63.25 level which needs to be broken/held or else stay range bound still

26 Oct 2017 01:25 pm
pullback needs to hold 61-60.50 area or else could be headed back to the bottom of the range rather than attempt another push higher if touch and turned up or just held above

26 Oct 2017 01:34 pm
ggoing to start a pullback if this continues holding at or under the 62 resistance

26 Oct 2017 01:45 pm
still going sideways at 62 on the top and 61 on the bottom, and it was 61-62 that was the first support above yesterday's close so needs to go over 62 and hold 61 at worst or else break 61 and then hold under 62 at highest for a break to the downside

26 Oct 2017 01:48 pm
a short with a stop under 62 for a move down to or through 58.50 again not a bad idea. Or at least partway down there

26 Oct 2017 01:57 pm
pullback turned up from 60.25 and just popped back up to 61.75 and needs to go through 62 and not turn right back down again on this move as the next dip should also be bought

26 Oct 2017 02:02 pm
62.25 reached and coming down a bit but shouldn't go back under 60.25 or else it's too far and bounces would fail

26 Oct 2017 02:13 pm
can pullback from the 63-63.50 area and if so would need to hold at or above 61.50 and get turned up again

26 Oct 2017 02:15 pm
63-63.50 flux like it might be hard to get through and be able to hold very long so another pop-up should be sold into and then could come back down to or through the 61.50 area and possibly break down under 61

26 Oct 2017 02:29 pm
another dip bought and needs to go over the 62.75-63.25 area and then only another small pullback to attempt breaking the top of the range today excluding 65 top

26 Oct 2017 02:33 pm
and now still needs to hold 61.50-61.00 area or else could begin to break down to or through 58.50 yet again

26 Oct 2017 02:39 pm
that ES has been in this range from 60.25 up to 62.75 since 1:15 PM and breaking 70.25 on this move should extend the range towards 50.50 close from yesterday for the fourth time

26 Oct 2017 02:46 pm
a feeble bounce from 60.75 should come down through 60.25 on the way to the 58.50 area again and possibly breakthrough if the Dow happens to roll over also

26 Oct 2017 02:53 pm
if that ES gets to the 58.50 level again then it will need to hold or else could make a lower low under 57.25. Need to make a higher low and turned up with some gusto to stay range bound and not break down further

26 Oct 2017 02:56 pm
has to get back over 61.50 if it's going to stay range bound and not break the bottom of this range

26 Oct 2017 02:57 pm
should just be short or selling bounces under the 61.50 level at the moment. Should not get back over that and stay long or else could get turned back up instead of a further breakdown from here

26 Oct 2017 03:02 pm
needs to get over 61.50 and then not turn right back down from that area on this bounce attempt or it could still go down to or through 58.50 area

26 Oct 2017 03:09 pm
only eight people bounce and now probably should go through 58.50 since it's been touched three times so far

26 Oct 2017 03:12 pm
so far held just above the 58.50 level, keeping it in this trading range for now, unless 58.50-58 area broken and not immediately turned back up from there

26 Oct 2017 03:17 pm
the door is open for a break under 58.50-58.00 area as long as a bounce from this area doesn't go back over 60.50 now

26 Oct 2017 03:18 pm
could finish the day on a poor note and near the low of the day at this breaks 58.50-58 and then holding under 59 and turned his back down before closing

26 Oct 2017 03:19 pm
heading for the 57.25 flow of the day and is broken been on down to around the 51-50 area

26 Oct 2017 03:24 pm
so far touched 58 and turned right back up, but still has work to do to break that down trend and avoid further breakdown so needs to get back above 59.50 and not turn right back down

26 Oct 2017 03:25 pm
that is at a minimum, just to get started digging out of this whole. But staying under 59.50 keeps it under pressure for now and 60.50 especially

26 Oct 2017 03:26 pm
attempting to turn around with about 30 minutes left and if 59.50-60.50 area is broken then a low likely will be in place for the rest of the day

26 Oct 2017 03:28 pm
have a great rest of the day!

 

INTRADAY LOG FOR WEDNESDAY - OCTOBER 25, 2017

25 Oct 2017 09:08 am
good morning. It looks like were going to have another down open like yesterday and will need to bounce from 62-61 area right here, or else 58-57 area should be next

25 Oct 2017 09:12 am
could sell off until the 9:50-10:10 AM timeframe, but if there is continued selling after that then could continue until around noon. Has to take out 65 then hold 64 and turned up again for a reversal

25 Oct 2017 09:20 am
an open under 63.25 would be a gap down open, and normally would get a run up right on the open and easily go through it. BUT, if there are tops in place Mike it appears, not today

25 Oct 2017 09:24 am
well, it might just happened today also although getting to/through 64.50-65.50 and then holding over 64 and turning up after that

25 Oct 2017 09:25 am
I will update about 5-10 minutes after the open and then meet you online around 10:20-10:30..

25 Oct 2017 09:27 am
has to ovoid breaking 61 and holding under 62. Could go right down to the 58 area if that happens. And there is some Econ data at the top of the hour

25 Oct 2017 09:34 am
has to get over 65 and hold 64 after that to attempt a move up towards 66.50-67 or a little more but then could come down again

25 Oct 2017 09:36 am
probably a top and another bounce should fail has this goes down to or through 62-61

25 Oct 2017 09:48 am
the bounce turned down from the updated 65 resistance and now down at the 62 area and a move under 62-61 could open the door for a further drop down to 58 area

25 Oct 2017 09:48 am
it's going to break down if it can't get back over 64 without turning right back down.. I'll meet you online around 10:20 or a little after

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

25 Oct 2017 12:02 pm
that ES had a steady drop with a bounce no more than 3 points on the way down to the 46.25 below from last week and 1 tick above support and if broken can go down to/through 38-37 area

25 Oct 2017 12:04 pm
42 area and then the 38 area should be the next big support if the market continues being sold on every bounce. Could end up with a double bottom if a move above 52.50 and hold 51 at worst after that

25 Oct 2017 12:05 pm
we will have a trend down day going as long as the ES doesn't get back above 52.50 and stay up there this afternoon

25 Oct 2017 12:14 pm
another failed bounce attempt and should go through the low down to 42.50 area holding under 48.50 and possibly 38 area if this continues

25 Oct 2017 12:19 pm
pressure is going to stay on with all of the small bounces being sold into as a top on the Dow made yesterday all by itself looks to have Mark eight top for the ES and NQ at least. Should not recover from this easily

25 Oct 2017 12:21 pm
43.75 low so far and needs to have a strong bounce from 42.50-42 or else keep on going down to the 38 area next.

25 Oct 2017 12:28 pm
42 updated support is getting a bounce and looking back that is as far as this can go or else there could be a sizable breakdown. This needs to avoid going under 42 and having a bounce take out 48 in order to even began to appear to be out of trouble

25 Oct 2017 12:33 pm
token lower low at 41.50 turned up and getting back above 46.50-47.50 area without turning right back down is what's needed to try to start a bounce or turnaround attempt

25 Oct 2017 12:38 pm
it still going to be a trend down day as long as there's not a bounce that's to 2547.50-2548.50 area with enough momentum to only pause before going up through that area now

25 Oct 2017 12:39 pm
it is going to be a trend down day otherwise. I will be back around 1:15 or thereabouts and will try to update if possible and three. Just continue selling bounces that small or both up and then turn down again like this one

25 Oct 2017 01:02 pm
the ES has bounced 7.25 points off of the low at the 41.50 that was not listed but updated support area. good chance that could be a low in place now, but needs to hold the 46.50-45.50 area for it could be too far and bounces continue fail in

25 Oct 2017 01:05 pm
even if this is in bounce mode off of a low that is important, the up side should still have enough trouble that could shorts still set up good for 3 or more points after the Brown up had stalled out and begins turning over. Back in about 10-115 mi

25 Oct 2017 01:27 pm
this is why the VXX can be a good trading vehicle that was up around 10% after spiking up to 13.22, and right now up 8%

25 Oct 2017 01:37 pm
off of the low that ES took out 46.25 was important support and held at that level on a dip and turned up and roots the 50 potential reversal/breakdown area and need to get above 50 and then take out 52-52.50 for this week continue a good run up

25 Oct 2017 01:49 pm
52.50 has been reached and as long as 50.50-50.00 is not broken back below and held the uptrend could continue but that area at 52.50 should be a key area to clear/hold this afternoon

25 Oct 2017 01:53 pm
if a push over 52.50 happens instead of a pullback first, look for the 54.50-55.50 as next resistance/target on the upside

25 Oct 2017 02:04 pm
54 read so far and should get to at least 54.50-55.25 before there is a pullback attempt instead of continuing the steady trend up action opposite of the way down to 41.50 unmolested but updated major support area

25 Oct 2017 02:07 pm
right now as long as 52.50 holds the ES continues in a strong uptrend from the low and pass to get to and possibly through the 54.50-55.25 area on this move

25 Oct 2017 02:08 pm
it's going back up to the 57-58 area if this keeps going from one zone and holding and then moving on to the next zone as it did on the way down

25 Oct 2017 02:13 pm
well, 57-58 may be hard to get to with that ES backing away after going 1 tick over the 55.25 level. Must hold 52.50 area for a potential for a top of some sort and deeper pullback would be getting started

25 Oct 2017 02:18 pm
so far another small pullback holding the dynamic support on the 1 minute chart holding since around 1:30 PM, and as long as 53.50-52.50 holds that ES will avoid another push to the downside

25 Oct 2017 02:24 pm
almost up to the 57-58 area which should be difficult to get above and hold if it gets that far on this bounce which needs to hold around 54 and order to stay above dynamic support on 1 minute chart

25 Oct 2017 02:25 pm
update and about 10 minutes

25 Oct 2017 02:30 pm
56 is about the halfway point between yesterday's late 70.25 high and two days 41.50 low, so getting over that level and holding is needed or else began to break down again soon

25 Oct 2017 02:34 pm
beginning to roll over on the Dow also and if that has a decent pullback fun the ES could be on its way that towards the 50 area but probably a bit higher. 52 could become a pivotal area below here

25 Oct 2017 02:47 pm
this breakdown will need to hold around the 50.50-50 area or else continue down to around the 46 area again

25 Oct 2017 02:51 pm
so far the pullback held that 51.25, a little bit above the 50.50-50 is zone. Needs to hold there in the last 70 minutes for those test were break 50.50-50, possibly 46.25 area again

25 Oct 2017 03:09 pm
the ES rallied back about 50% from yesterday's high to today's low and will need to stay over 52.50-52 area at the lowest for a chance of getting back up there

25 Oct 2017 03:16 pm
this could get back up to the 56 area or just below before turning down again. If it goes up through 56 then the 58 area should be hard to clear and hold, and less in a strong move up into the close

25 Oct 2017 03:25 pm
looks like it's going to create higher and try to go through 56.25, if a pullback is small, and if not rejected from there and start a pullback but breakthrough instead, 58 area possible.

25 Oct 2017 03:27 pm
buyers coming in on the move over 55.25 going right up to 57.50 so far and 58 needs taken out and able to hold also in order to melt up towards 61-62 area

25 Oct 2017 03:31 pm
in the last 30+ minutes the ES needs to get through 58 with momentum and hold 57 at worse on a dip after and turn up again if the market is going to close on a good note, not have a last 30 minutes reversal back down by going back through 56 area

25 Oct 2017 03:34 pm
going to need to hold and turned up from 56 in order to attempt taking out 58 area now and then it would need to hold 57 if it does. flight day selloff otherwise – –have a great rest of the day!

 

INTRADAY LOG FOR TUESDAY - OCTOBER 24, 2017

24 Oct 2017 09:16 am
good morning. This higher open needs be able to hold 67-66. If that goes under 66 and then holds at or below 67 then a chance at yesterdays low

24 Oct 2017 09:20 am
this early strength really should be hard to hold and should at least 67 and maybe break 66. Not sure I would get attached to the upside up here

24 Oct 2017 09:22 am
I will update a little after the open

24 Oct 2017 09:29 am
if this goes through 16 look for 15-14.50 and if that doesn't hold yesterday's low area is next

24 Oct 2017 09:33 am
must continue holding 67-66 to have any chance of going up to the 70 area again or higher

24 Oct 2017 09:35 am
that would be the target on the upside although may not get that far before coming down again. 15-14.50 should hold if a move under 16 happens.

24 Oct 2017 09:39 am
the Dow has another gap up open and up almost 200 points while other averages coming down, should be a drag on the ES for a test were break of 66 and then possibly 64 and if broken yesterdays low

24 Oct 2017 09:46 am
64.25 was reach and trying to get turned up but should not go past 16-17 and hold very long. Keep an eye on the Dow as a downturn on that index should help bring the ES down

24 Oct 2017 09:48 am
66 rejected and less it's broken and held after that market still in some trouble and 62 could be tested or broken most likely if reached

24 Oct 2017 09:49 am
just look for bounces to fail again this morning as long as 67 is not broken and can hold up there

24 Oct 2017 09:50 am
meet you online around 10:20 or a little after

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

24 Oct 2017 12:02 pm
the ES use the 16th-17 area as a transition area and now must hold 67-66.50 at the very lowest or else could have a breakdown or at least change in trend. Pullbacks should hold and continue making higher high for this to keep it going

24 Oct 2017 12:06 pm
that ES is looking top-heavy and another pop-up should be sold into but then must hold 67 or else will be the biggest pullback off of the low and also break the top of the C7-66 transition area

24 Oct 2017 12:20 pm
67.25 was reach but only a tiny bounce so far so must not go under 67 or else a bigger pullback could be starting, especially if 76 broken/held under 67 after that also

24 Oct 2017 12:23 pm
I am going to be away until around 1:15 but will update if one is necessary just as soon as I am freed up to do that. Right now 67 area should be important support or else there could be a bigger breakdown

24 Oct 2017 12:58 pm
that ES just had a rejection at a lower high at 68.75 with the Dow still making new all-time highs, but this could be the best chance of breaking 67-66 area and changing dynamics

24 Oct 2017 01:13 pm
that ES just broke 67 by 1 tick and quickly turned up again, and will need to at least go under 66.50 and then hold under 67 area after that to get a breakdown of some sort

24 Oct 2017 01:27 pm
unless the ES is able to make a high over 68.75-69.25 triple top area, but continues going sideways, then odds will favor breaking 67 again and if so the Dow needs to roll over also

24 Oct 2017 01:30 pm
should probably continue holding 67.50 in order to keep the ES from going back down through 67. It would help if the NQ comes down from 6087-89 area. That could help keep the ES down

24 Oct 2017 01:49 pm
ES needs to take out the 4 Tops so far the 68.75 and 69.25 go through 70.50 area or else could come back down to 68-67.50 which should be maximum benefits going to take out those highs and runs up to or through 70.50

24 Oct 2017 01:55 pm
it looks like the Dow cash needs to hold 23,460 in order to avoid a potential breakdown there, and with the ES making its four top around the 69 level, it needs taken out and able to hold it going up to 20.50 or higher

24 Oct 2017 02:13 pm
this move needs to go through the 69-69.25 high area and keep on going up to 20.50-21.50 area and then pullback again if it gets that far without gaining momentum

24 Oct 2017 02:23 pm
should be on the way up to 70.50-71.50 area on this move and if a pullback it should hold around the 68.50 area on a dip and turned up again to avoid a top of some sort

24 Oct 2017 02:32 pm
this has been kind of a choppy trend up move after getting through the 66-67 zone and holding that area and will need to only have a pullback of >2.00 points to keep upside symmetry and trend up intact still. so right now need to hold at or above 68.

24 Oct 2017 02:37 pm
backing away from 1 tick under resistance, and will need to hold 68.25 at the lowest and get turned up again if going to reach 20.50-21.50 area

24 Oct 2017 02:48 pm
so far held just over 68.25, but if broken and with the Dow rolling over also we could see that ES come back down to or through 67 again

24 Oct 2017 02:59 pm
that ES broke 88.25 and came down to the 66.75 level so far, and the area which was a transition area earlier today and breaking under 66 and then holding under 67 can reverse this move and in the day in a downtrend towards it lows

24 Oct 2017 03:02 pm
so far a second test of the 67 area was reach and held again however this bounce needs to get back above 69 again and be able to hold. That's where the second breakdown that went to 66.75 started from

24 Oct 2017 03:07 pm
topped out at 68.50 and turned down and going through 66 and holding under 67 will keep this bearish and break the low possibly test 62-60 if downside gets momentum

24 Oct 2017 03:10 pm
held below by 1 point so far, but holding under 66-67 should keep some pressure on with a shot at another test were break of 63.25 early low

24 Oct 2017 03:14 pm
this can bounce back to the 66.50-67.25 area at the highest if it's going to keep pressure on for another push lower

24 Oct 2017 03:26 pm
at the moment the ES made it back to 67.25 and as long as 66 area holds the market will avoid anymore trouble on the downside. However, if broken then could retests 64.25 spike low area before bounce attempt

24 Oct 2017 03:29 pm
needs to bounce from 66 area or else there could be another move down towards 64 or lower around 62-61 possibly

24 Oct 2017 03:35 pm
only a bit back under 66 quickly turned up and back above 67 right now and looks like a close over 67 might be needed to keep the market from some trouble tomorrow..will see how the close looks.

24 Oct 2017 03:36 pm
have a great afternoon/evening! Take care

 

INTRADAY LOG FOR MONDAY - OCTOBER 23, 2017

HOW OUR TRADING DAY WENT: Monday gap up open was sold 3 ticks under resistance and came down to a initial support and what sideways until working to 2567-2566 and then the 2562 last target with the ES finally having a trend down day. CLICK HERE TO WATCH a quick video recap!

23 Oct 2017 09:22 am
good morning. this shouldn't go too far before a pullback unless it's going to be a melt up day

23 Oct 2017 09:29 am
should have and high in place if 75.50 breaks and 74-73 first important support

23 Oct 2017 09:34 am
has to hold 74 or else keep going down towards 72.50. 75.50-76 area some resistance

23 Oct 2017 09:36 am
probably will be sold if another pop-up and go down towards 73-72.50 which probably as far as it should go or else bigger drop to or through 71

23 Oct 2017 09:38 am
75.50 bounce high at updated resistance will need to be broken above and held to avoid that 73-72.50 area

23 Oct 2017 09:43 am
should not go under 72.50 or else a high in place and bigger pullback would need to hold 70 area

23 Oct 2017 09:47 am
73 low so far and appears 76 needs broken/held above.. the Dow on its high and beginning to go a bit parabolic and a pullback under 23,340 that holds can turn that down. Pressure still on the NQ

23 Oct 2017 09:56 am
for a bit as long as 74.50 continues to hold otherwise another pop-up should be sold

23 Oct 2017 09:58 am
came down to far it appears and could bounce from 74 but if not another bounce will fail under the high instead of running up and making a higher high

23 Oct 2017 10:01 am
could be one more bounce attempt from 74 but if not then down to or through the 73-72.50 area or more

23 Oct 2017 10:07 am
if 72.50 is broken then in a bounce should fail at or below 74.50-75 area at the highest and should be a top and four the morning at least

23 Oct 2017 10:12 am
72.50 reached and will be broken as long as 74.50-75 is not taken out without turning right back down again

23 Oct 2017 10:16 am
feeble bounce turndown from 74 and should keep going to or through 70.50

23 Oct 2017 10:20 am
token lower low under 72.50 still needs to get over 75,, and hold 74 and turned up on a dip in order to have a turn around and go to or through the high which is doubtful

23 Oct 2017 10:25 am
70.50-69.50 if a hold under 74 and break under 72.25

23 Oct 2017 10:33 am
quick bounce from another token lower low at 72 and needs to take out 74 still and only have a small pullback after that or else another test of the low area or more

23 Oct 2017 10:34 am
or higher at or above the 72.50 level and turned for a chance of going over 74 and attempting to hold

23 Oct 2017 10:49 am
74 reached and rejected so far and stays under pressure unless broken and then 75 is taken out also. Another token lower low would need to be bought or go to the 70.50 area next

23 Oct 2017 10:54 am
token lower low bought again but the Dow has finally rolled over and as long is that holds under its double top in the ES under 74 it's bearish and a chance of going down to or through 71-70.50 or more.

23 Oct 2017 11:04 am
another token lower low bid back up and needs to get over 73.75 and not turn right back down again or else will stay in a choppy downtrend with one more pop-up a possibility

23 Oct 2017 11:11 am
another token lower low could be bought again as long as 71-70.50 is not broken down through

23 Oct 2017 11:21 am
73 bounce high turned down and just above the low and a bounce from token higher low or token lower low is needed or else breaking up sloping 60 EMA also which held this morning and twice on Friday

23 Oct 2017 11:26 am
decent bounce coming from 72 and what is just a tiny 5 point range at new all-time high again, which happened before the drop from last Wednesday's high before ~17 point drop to 46-45 major support Thursday morning

23 Oct 2017 11:28 am
uptrend can continue as long as 73 holds as new support instead of being broken again which could set up another move back to the lows instead

23 Oct 2017 11:31 am
the Dow just tested its double top which needs broken through and held, along with 74 level on the ES to keep upside from faltering and coming back down to or through 72 again

23 Oct 2017 11:41 am
breaking down from the tiny range and reaching the 70.50-69.50 area so far and if that is broken and 67-66 also taken out, might be too much damage done for a rebound this afternoon for a change

23 Oct 2017 11:43 am
as long as the Dow doesn't break its triple top and hold this afternoon,, it keeps the door open for the ES to drop as far as 61-59 area at the very lowest

23 Oct 2017 11:43 am
Should not see that area or will not be able to bounce back. 72 prior low areas new resistance

23 Oct 2017 11:47 am
pressure will be on and in a bearish position as long as a hold under 72.50-73.25

23 Oct 2017 12:05 pm
bounce high at 72 updated resistance and backing awayand needs to come back down to test for make a higher low then the 70.25 below which is in the 70.50-69.50 key area up here before 67-66 major area

23 Oct 2017 12:08 pm
a good bounce on the NQ stopping just under the 6097-6098 the loan which is new resistance there and unless that is taken out along with 71.50-72 on the ES should keep it under pressure with the Dow coming back down also

23 Oct 2017 12:17 pm
with 72.50 holding so far on this pullback so far, a move over 71.50 can happen, and if it does then this 70.75 level will be new support to hold or else go to a lower low under 70. Holding under 71.50 keeps it bearish right now

23 Oct 2017 12:28 pm
so far today we have a 6.50 point range which has been about average lately, but that ES still could break down a bit further if it happens to turned back down from 72-72.50 area again. If it does get above that area, and then 72 area holds, then may

23 Oct 2017 12:30 pm
I will be back again around 1:15-1:20 but will update before then if necessary and that I will ASAP.

23 Oct 2017 01:03 pm
the ES popped up to 72.50 and backed away and the ES should hold under 72.50-73 on this bounce if it's going to have a top in place still and come back down under 71.50 area again, putting it at the low end of the range

23 Oct 2017 01:14 pm
rolling over again and this small range and suggest being short with a stop above today's high, or a day trade at or under 72.50-73.00 with a tight stop. Should be breaking down next 70.50-69.50 zone tested/broken

23 Oct 2017 01:28 pm
a narrow range day after making a new all-time high and immediately sold on the open (after coming within 1 tick of 77.50-78.50 major area) to the updated 70.50-69.50 zone. break of 70.50-70.25 easily breaks 69.50, but could turn right back up

23 Oct 2017 01:30 pm
73.50 is midrange. Has to take that out or else a high would be in . Must not go back under 70.50-70.25 123 / double bottom or goes to 69.50 and either gets momentum or immediately reverses up

23 Oct 2017 01:35 pm
just went through 69.50 and will need to hold and turned up with gusto from 67-66 area or else the same bearish action with bounces sold well occur

23 Oct 2017 01:38 pm
quickly turning up from 68.75 and a bounce needs to get over 70.50 area and hold over 70 if a low is going to be in place. Could be a trend down Bay with the gap up open being reverse

23 Oct 2017 01:46 pm
if there is going to be another leg down that ES shouldn't get back over 71 area and hold for very long. Bounces haven't been able to go much further

23 Oct 2017 01:58 pm
backed away from 71 twice so far and unless 71 is broken and then able to hold on a dip after that, trend down kind of action should continue and make another push under 70 that is not turned right back up again

23 Oct 2017 02:02 pm
be on alert for a test of below to give it another bounce has the Dow is beginning to attempt a turn around, and the NQ also has a higher low so far. ES weakest average so far today, must hold lows or else 67-66

23 Oct 2017 02:16 pm
another lower level keeping the trend down moves in tact and could go down to the 67-66 area before any bounce attempt. A chance it could go right through so careful just buying that area, it should be a target though

23 Oct 2017 02:19 pm
67.75 low so far and if this bounce fails around the 69-69.50 area then there should be another push lower to another lower low at the 67--66 area or more. Keep an eye on the NQ, it could take out its low

23 Oct 2017 02:22 pm
6086.25 level of the day on the NQ at 10:50 AM and then a low at 6087.00 at 11:40 AM and just reach 87.50 with a small bounce, so must not break/hold under that area very long war could get momentum

23 Oct 2017 02:31 pm
so far held just above the 67-66 area and will need to stay above 66, otherwise could have an air pocket down to 62 area which would fill gap on days session chart

23 Oct 2017 02:35 pm
this is the time frame for a reversal attempt if there is going to be one today, and not continue that trend down moves to or through 67-66 area. Needs to get back above 70.50-71 or else still trend down to that zone or lower

23 Oct 2017 02:43 pm
double bottom/123 pattern and turning up again at 2:40 PM but needs to have enough gusto to get back above 70.50-71 area and stay up there instead of another failure

23 Oct 2017 02:44 pm
if this fits and air pocket by breaking through the lows and picking up momentum the door is open for a move to the 62-61 area which both fills a gap and is 50% retrace from last Wednesday low at 45.25 support

23 Oct 2017 02:52 pm
were going to have a reversal day at a new all-time high and will be a bearish pattern on the charts. Bounces have failed all day and with the high made right on the open, won't be surprised for a continued selloff into the close

23 Oct 2017 02:54 pm
only thing that can stop it is the 67-66 zone that was just poked into and turned back up. Needs to have some gusto and take out 69.50-70.50 without turning right back down minimum

23 Oct 2017 03:04 pm
so far a bounce from the 66.50 support has bounce only to 68.50 and as long as it's holding under 70-71 pressure should stay on. The NQ kind of taking it the worst with it back at its low again

23 Oct 2017 03:13 pm
going to need to get more than 2.75 point bounce that can stick if this turns out as a double bottom at support and not a breakdown, 69.50 needs taken out to attempt changing things

23 Oct 2017 03:15 pm
likely will keep on going into very late trading if this goes like a normal gap day turned trend day often does

23 Oct 2017 03:22 pm
as gone through 67-66 and still has a good chance of the 62--61 area before the close four today as that is important support that should be tested or broken on this leg down before bouncing again

23 Oct 2017 03:33 pm
64 low so far and as long as this doesn't bounce back above 67 and stays up there than it likely will come back down again either into the close or early tomorrow around the 62-61 area

23 Oct 2017 03:35 pm
certainly a change today and especially if that ES cannot come back but instead be a trend down moves to the 62-61 area or lower

23 Oct 2017 03:37 pm
in the last 25 minutes it's going to be a short down to the 62-61 area or lower that as long as there is a hold under 66-67

23 Oct 2017 03:37 pm
should keep selling off into the close. have a great rest of your day!

23 Oct 2017 03:40 pm
62 has been reached and fills the gap and must hold this 62-61 area in the last 20+ minutes or continue on down to or through 58-57 area next. Bounce resistance should be at 65 area in the last 20 minutes.! Hope that was a nice trading day. Take care

 

INTRADAY LOG FOR FRIDAY - OCTOBER 20, 2017

HOW OUR TRADING DAY WENT: A gap up open went up to last listed resistance before pausing, but there was much of a pullback with the ES closing right at a new all-time high again. CLICK HERE TO WATCH quick video recap!

 

INTRADAY LOG FOR THURSDAY - OCTOBER 19, 2017

HOW OUR TRADING DAY WENT: We had a bottom right at "major pullback support" and the quick turn back up was the start of a trend up the. CLICK HERE TO WATCH a quick video recap!

19 Oct 2017 09:05 am
Good morning. We are going to have a gap down open and would need to rally back up to the 57.25 level to fill it today. That should be hard to do

19 Oct 2017 09:13 am
Globex low at 44.25, and just in case the 42.50-41.50 then 37-36. Right now the ES is coming up from a pullback to the 46-45 support and that should not be seen again. Probably in some trouble finally if they do

19 Oct 2017 09:19 am
should take out 50.50 and hold if it has upside momentum, not reverse, to get to the 52.50 area. Whatever the case, decent bounce should be sold

19 Oct 2017 09:23 am
shorts look a little easier to cover. I will update a little after the open

19 Oct 2017 09:33 am
some short covering from just under 50.50 broke and a Sprint higher should have trouble getting through 54--55 and holding right away this morning

19 Oct 2017 09:35 am
reversal from 54.75 support turned resistance and going back under 50 and not turning right back up starts a further breakdown

19 Oct 2017 09:40 am
has to avoid a break and hold under 50.50-50 or else a bigger break down to 48 then 46-45 area very important

19 Oct 2017 09:43 am
need to get over 52 or will be under pressure. and especially 50.50. I will meet you online around 10:20 or a little after

19 Oct 2017 09:51 am
I taped the 1987 crash on VCR, after having covered my put options the Friday before! Maybe I should put it on eBay. :-) pressure is going to stay on unless the ES can get over 50-50.50 and then hold or else heading to the 46-45 and maybe 42 area.

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

19 Oct 2017 12:04 pm
that ES bounce from the 46-45 zone back to the 54-55 prior support turned resistance and stalled for a good short that should come back to the 50.50-50 area or lower

19 Oct 2017 12:10 pm
the NQ getting sold off pretty steady from its bounce high and the ES holding 51.75, and bouncing and needs to go up through 53 and turned up after a tiny dip, or bounces still failing and another push lower and said of a better bounds

19 Oct 2017 12:14 pm
with that ES bounce back to the 54.50 level, the middle of the 54-55 prior support/turned new resistance, the move stalled before pulling back and now 54.50-55 key area to clear on this bounce

19 Oct 2017 12:30 pm
54.75 reached so far and is backing away a bit and should hold 54 if it's going to keep on going up towards 56 possibly as far as 57.25 gap fill level

19 Oct 2017 12:34 pm
I am going to be away until around 1:15 but will update if when I am free

19 Oct 2017 12:44 pm
the ES just broke down after touching 54.75 prior high and coinciding with 60 EMA, and a key area to get above and hold this afternoon. Prior pullback low at 51.75 needs to be held above, or a reversal

19 Oct 2017 01:10 pm
the ES just held at the 53 support and took out 55 and made a high at 56.50 so far and need to hold 55--54.50 at the lowest on a bit and turned up. Headed for the 58-58.50 area next

19 Oct 2017 01:24 pm
should hold and turned up from 55-54.50 area or higher for a shot at another higher high pretty soon. Good start to break down otherwise

19 Oct 2017 01:29 pm
headed towards the 57.50-58.50 area as long as this pop-up wasn't just a last gasp little run up and buyers backed away and comes down to or through 55

19 Oct 2017 01:44 pm
getting close to the 27.50-28.50 key area above, need to get over that in order to be in yesterday's afternoon range with a shot at a new all-time high possibly again

19 Oct 2017 01:49 pm
getting back over 58-58.50 area and holding over 58 should be kind of hard to do, and won't be surprised if there is a pullback from that area and could turn into a decent sized one

19 Oct 2017 01:56 pm
if this goes back down through 55 Mike it looks like it wants to then a top will be in for a decent pullback that could go as far as the 52 area if there is some momentum

19 Oct 2017 02:18 pm
that ES is still holding well over 55-54 at the moment and has a high at 57.75, and just 1 tick under 58-58.50 area which could be pivotal, and a top on a move back through 55.

19 Oct 2017 02:27 pm
going to leave day top in place by going under 55-54 on this move and if that happens look out for the 52 level and if no sign of a turn then 50.50-50, or a big reversal. Keep an eye on the Dow

19 Oct 2017 02:31 pm
along with 55 on the ES, the Dow has been in a strong uptrend and will need to hold at or above 23,132-23,130 area to keep this from rolling over and topping up here in the 2:20-2-40 p.m. timeframe. Can be some decent pullback otherwise

19 Oct 2017 02:36 pm
this has been a trend up kind of move off of the 10:20 AM below at the 46-4504 and headed to the 58-58.50 area on this move and should keep grinding higher until around 3:40 if this acts like a normal gap day turned trend day

19 Oct 2017 02:51 pm
so far 58.50 was reach and that ES has backing away just a little bit so far and if it can hold them there is a chance for a run up to the 60.00 close from yesterday and maybe a tiny bit higher

19 Oct 2017 03:02 pm
that ES is backing away a bit from 58.50 resistance, and unless 58.50 is broken through and able to hold, then a pullback to or through 56-55 possible. Should hold 57 and take out 58.50 to stay strong and not reverse up here

19 Oct 2017 03:24 pm
has to get over 58.50 and stick up there for this to keep grinding higher or else end up with a late day pullback of some sort, if 57 and then 55 broken

19 Oct 2017 03:38 pm
in the last 20+ minutes the ES needs to get over 58.50 and hold and then keep on going up to the 60 area. If it does that and holds 58.50--58 on a dip and turns up after that, then the upside should continue

19 Oct 2017 03:42 pm
have a great rest of your day!

 

INTRADAY LOG FOR WEDNESDAY - OCTOBER 18, 2017

HOW OUR TRADING DAY WENT: We use price action patterns along with support and resistance of coarse, as the ES nailed the 2562 resistance. CLICK HERE TO WATCH a quick video recap of our day, and tips on the best way to enter resistance and/or supports.

18 Oct 2017 08:58 am
that is both a target and resistance. Have a great rest of the day!

18 Oct 2017 09:09 am
good morning. If this holds up we can get a gap up open in new all-time high territory and it is probably as good of a short as it is buying up here on the open

18 Oct 2017 09:19 am
could open at or close to the 62-63 area and needs to be rejected, but hold 60.50-59.50 or keep going to 57.50-57 or more before bouncing again

18 Oct 2017 09:23 am
update after the open

18 Oct 2017 09:31 am
62-63 should be sold on a bounce attempt if reached or else keep on going up to a token higher high for more

18 Oct 2017 09:32 am
59.50-59 needs to hold fill the gap 57.75

18 Oct 2017 09:34 am
60.50 area will be key support or else 58.50 and likely 57.75

18 Oct 2017 09:35 am
top should be in and if not then a token higher high should be sold

18 Oct 2017 09:37 am
I will meet you online in just a little bit

18 Oct 2017 09:41 am
still more room on the downside. NQ would need to turn up with gusto and ES to the same

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

18 Oct 2017 12:05 pm
so far we have another big gap on the Dow chart as it continues its melt up, meanwhile the ES has a 4.50 point range so far after being sold that new all-time high on the open. However, as long

18 Oct 2017 12:06 pm
as long as pullbacks continue to hold 58.50-58, then the double bottom made 1 tick above yesterday's close will not be challenged

18 Oct 2017 12:10 pm
if the ES is able to get back above 60 and hold and turned up from no lower than 59.50 and back up through 6 feet again,, there is a chance, not until that the 62-63 zone reached just before opening gets tested. If 60 is taken out and 59.50 broken th

18 Oct 2017 12:19 pm
off of the 57.25 second low that ES has been granted a higher and turning up from 58.25 twice and should hold on a dip or else may have gone too far and reversed back down again

18 Oct 2017 12:31 pm
the ES just went above 60 and held so far and now must continue holding over 59.50 or else changing direction if this doesn't turn out to be a top

18 Oct 2017 12:33 pm
holding 60 on a dip so far keeping the door open for a test of 62-63 area which should be a major area the rest of today/8 debacle area most likely

18 Oct 2017 12:33 pm
beware of a lower high under 61.75 as a reversal from around 61 and set up a topping pattern and start a decent pullback attempt

18 Oct 2017 12:37 pm
I will be away until around 1:15 but will update before then if it is possible. Right now uptrend getting long in the tooth and should make a high at or below steep to-63

18 Oct 2017 12:57 pm
that ES reached 60.75 so far which also was the 9:45 tiny mouth high and if not broken and 60 is then they'd go down to 58.50-58 key area

18 Oct 2017 01:22 pm
the ES went under 60 by 1 tick and quickly turned up again and this slow grind higher continues unless the 60.25 area is broken now. Shouldn't get past you-63 though, reverse from up here any time

18 Oct 2017 01:26 pm
Dow and YM should keep making new all-time highs and have a trend up the day as long as 23,148 area broken through. That ES could make a high by coming down under 60.50 and then holding Or under under 61

18 Oct 2017 01:37 pm
60.25-59.75 should continue holding for this grind higher like we have had lately in the afternoon came in you towards the 62-63 area, but probably have a hard time getting through there and staying up a very long if reached

18 Oct 2017 01:38 pm
we get the beige book in about 22 minutes roughly. Could have a high in place and if not another pop-up to be sold

18 Oct 2017 01:46 pm
the Dow is holding its strong uptrend support at the 23,149-23,147 area, not only taking out 23,000 but another century mark above that as it stays and melt up mode. ES tagging along

18 Oct 2017 01:47 pm
getting close to the 62-63 target/resistance and needs to be a reversal there in order to avoid further melt up towards 67-68 next – parabolic run up if that happened

18 Oct 2017 01:59 pm
61.75 pounds high so far equal to the high on the open, after coming down from 62.25 on Globex. So need to get over that level to the 62-63 "resistance" and be able to hold. Beige book could VA market mover

18 Oct 2017 02:01 pm
right now it looks like going back under 60.50 and not turning right back up to get downside going. Unless that happens could still be the 2-63 area before backing away

18 Oct 2017 02:05 pm
beige book a non-event and a break under 60.50 that holds needed to break this study grind higher sense breaking back above 58 and holding at noon

18 Oct 2017 02:20 pm
backing away from the 62 resistance and if this goes under 61 and not bounce back was some gusto then it will likely keep going through 60.50-60 area which is key and must hold to avoid bigger breakdown

18 Oct 2017 02:40 pm
so far the ES is holding at 60.75 and just over the 60.50-60 key area that could be broken if there's not a decent bounce that comes very soon, going over 61.50 and then just a tiny pullback.. Top in place otherwise

18 Oct 2017 02:48 pm
beginning to attempt breaking down and should be some pressure on as long as it holds under 61 area, and needs some more downside to get going for this to take out 60 and go for the 58.50 area which is major now

18 Oct 2017 02:56 pm
if the Dow happens to break down under 23,191 with some momentum it could help take the ES down. And in the case the ES fill can reach the 60-59.75 area or else also break up sloping 60 EMA which helped with a good set up earlier

18 Oct 2017 03:08 pm
the ES was sitting at the 60.25 level and just above new support at 60-59.50 that needs to hold, this pop-up needs to get through 62-63 or another failure likely coming soon

18 Oct 2017 03:15 pm
the Dow is trying to keep its trend up move going and could be on its way to a new high, and if that happens it means that 60.50 needs to hold to keep this in bullish mode at the end of the day

18 Oct 2017 03:22 pm
this will need to keep going through 62-63 as a downturn from 62 or below could be a bearish pattern and set up a reversal instead of breakout attempt, which should be more likely this late in the day

18 Oct 2017 03:28 pm
that looks like a pullback needs to hold 61 and get turned up again to keep this going on the upside

18 Oct 2017 03:37 pm
the ES is having some trouble just under the 62-63 area but will avoid trouble unless there is a break/hold under 61-60 area in the last 25 minutes or so

18 Oct 2017 03:38 pm
you can scalp against that resistance but not hang on very long unless a break under 61-60 happens fast.

18 Oct 2017 03:39 pm
in any case, trend still up unless a break under the 60.50 area this afternoon. Beware of a potential top up here, a close at or near the high will be sold right away tomorrow most likely

18 Oct 2017 03:40 pm
take care and have a great day!

18 Oct 2017 03:42 pm
one last thing, the Dow cash has been in a trend up move today and has to break under 23,165 area and hold or get some momentum in order to break down there. That's all. Take care!

 

INTRADAY LOG FOR TUESDAY - OCTOBER 17, 2017

17 Oct 2017 09:05 am
good morning. It looks like there can be an early bounce if the 55-54 pivotal area early will hold

17 Oct 2017 09:12 am
the last four days the biggest range has been 7.00 points, on last Wednesday and yesterday. Just keeps nudging higher. maybe today changes things. Need to hold 53.75 at worst and turned up or else top

17 Oct 2017 09:14 am
bounces are going to have a hard time holding and could end up back down testing or breaking the 50 area

17 Oct 2017 09:15 am
I will update the level after the open

17 Oct 2017 09:19 am
they can bounce from around this area but not stick if there is a bounce

17 Oct 2017 09:28 am
bounce starting but tiny tiny overnight range that I hope is not implying day session being similar, but the move not much so far and probably needs to get over 55 and not get turn right back down again.

17 Oct 2017 09:30 am
every pullback gets bought lately, they will definitely need to hold 53.75

17 Oct 2017 09:35 am
under pressure unless 55.50-56 broken and holds 55 on a dip, bearish pattern otherwise can break the low

17 Oct 2017 09:37 am
the Dow with a spike up open that is reversing and needs to break 22,948 and not turn up but hold under in order to have a bigger breakdown attempt

17 Oct 2017 09:39 am
bounce from support needs to go over 55.50-56 area and hold instead of turning right back down. It safe as long as the low at support holds right now but upside limited.

17 Oct 2017 09:42 am
should be sold just a little higher if much at all and then needs to turn back up from 54.50 if it's going to hang in there and keep going a bit higher before reversing

17 Oct 2017 09:44 am
Ipullback needs to hold 54.50 and take out the bounce high at 55.75 W. some gusto and stead of turning down for this to continue and not reverse down again here. 'll meet you online around 10:20-10:30. Econ data at the top of the hour.

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

17 Oct 2017 11:59 am
the ES has a double top at the 66.25 closed from Monday and only a 4 point range so far today so a hold under 54.50 should keep some pressure on or else stay in range and possibly test highs again

17 Oct 2017 12:02 pm
the Dow cash made a 123 top just above 23,000 as it keeps on making new all-time highs, and the only average in the green at the moment

17 Oct 2017 12:05 pm
if the Dow breaks 22,967 it's stairstep higher would be breaking and also prior swing low after dropping from the 123 top, help put more pressure on the ES which should test were break and is bearish under 54.25 area

17 Oct 2017 12:16 pm
so far a bounce to the 54.50 level which is becoming a pivotal level and needs to be broken through and held on a tiny dip after that, a bigger move lower only if those under 53.25 at the moment

17 Oct 2017 12:22 pm
the Dow is now rolling over some and could help bring the ES down as the Dow has been the strongest of the averages the last few days at least

17 Oct 2017 12:24 pm
we are dealing with another narrow range today, so far only 4.00 points so far today. The way the market is acting from up here, odds favor a decent moves lower if there is going to be a decent move. but if another run up instead should have troubl

17 Oct 2017 12:26 pm
I am going to be away until around 1:15-1:20 at the latest. I will update if I am free at the time and it's necessary for I have a break between phone calls

17 Oct 2017 01:19 pm
that ES went up to 55 and backed away again but so far held at 53.75 about 25 minutes and attempting to both higher, but needs to those and get above 54.25 or risk further breakdown

17 Oct 2017 01:24 pm
can be breaking down now if this holds under 54 area on a bounce attempt

17 Oct 2017 01:27 pm
back down to 53 area at worst, or if the Dow breaks its channel/"cigar" pattern going through 22,971 and holding under 22,975 after, and break under 22,967 prior swing low. Still range bound otherwise

17 Oct 2017 01:35 pm
almost 2 the low at 52.25 and if broken and the Dow goes back under 22,957 area. It has broken down through its sideways "cigar" and making decent move right now

17 Oct 2017 01:42 pm
123 type bottom with a low at 52.50 quickly being turned up, but still needs to hold that low and get over 54 on the ES and stay up there or risk another move to or through the 52 area

17 Oct 2017 01:43 pm
the door is open for the ES two easily go down to the 50.50-50.00 lows from Friday and Monday, and a chance of breaking through after holding 3 times in 2 days

17 Oct 2017 01:48 pm
another bounce from 1 tick above the low of the day holding at 52.50 at the moment and still needs to get above 54 area and hold up there. Can still break lower unless that happens soon

17 Oct 2017 02:00 pm
stalling out above the double bottoms and if 53 continues holding this could go back up over 54-54.50 area and stay up there for a while

17 Oct 2017 02:04 pm
so far reached the 54 level and needs to get over 54-54.50 and hold up there if this is going to avoid a late day pullback of some sort

17 Oct 2017 02:17 pm
54 was broken through and now the ES needs to hold up here or else a move back under 53.50 might be too much of a dip, so needs to hold above if this is going to keep nudging higher

17 Oct 2017 02:20 pm
continued strength and moving through 55 next could mean a move back up towards the high area, but will probably have trouble getting over 55 and holding

17 Oct 2017 02:25 pm
of that from just under 55 and a move back under 54 that holds will put some pressure on and another chance at going back to or through the lows so far today

17 Oct 2017 02:32 pm
now in the 2:20-2:40 time frame and the market should make a move out some sort if it's going to today. Looks like 54 could be pivotal

17 Oct 2017 02:44 pm
this could still make an attempt at the 56.25 double top or more if it can get over 55 now and only have a small pullback hold around 54.50, not break through 54, to continue grinding higher and not reverse

17 Oct 2017 02:47 pm
the VIX finally made a decent sized jump up to 10.46 and get short-term overly bearish, normally a red flag but price pattern tops that so turning up from 54.50 or higher, holding over 54, in order to keep nudging higher and not reverse from up here

17 Oct 2017 02:55 pm
should be able to hold over 55 area now and if so keep on nudging higher until reaching 56.25 area. if strong enough to reach 26.25 and not back away(currently does not look likely) then the 58 area major and would be a good short if a turn from that

17 Oct 2017 03:01 pm
56.25 or higher probably not in the cards, especially if 55 doesn't hold. needs to need to hold 55-54.50 and order to avoid some pullback instead of late breakdown

17 Oct 2017 03:07 pm
still going to keep nudging higher with this holding 55.50 at the moment and must hold 55.50-55 area at most if going to keep nudging higher to test were break 56.25

17 Oct 2017 03:14 pm
56.25 was touched and sold back down again and needs to hold 55.50-55 or else a top in place (likely is already) or else a bounce that follows should also be sold into

17 Oct 2017 03:23 pm
so far holding 55 on a dip which is maximum pullback support it looks and even now a bounce should not be able to get through 56 area and hold up there, unless end of the day buying frenzy for some strange reason – 57.50-58.50 just in case

17 Oct 2017 03:26 pm
needs to avoid breaking down to or through the 54.50-54 area without a good rebound from 54, otherwise it's a bigger breakdown under way and only a 4 point range could expand on the downside, although not very likely. Probably lots of bouncing around

17 Oct 2017 03:31 pm
in the last 30+ minutes of trading, the market will stay in a choppy uptrend unless there is a break ddwn to 54.50 and then holds under 55 after that. 58 area possible on a breakout – just happened now and it's 58-58.50

17 Oct 2017 03:34 pm
57.00 token new all-time high was made and still looks strong enough to make it up to the 57.50-58.50 area or more before the end of the day

17 Oct 2017 03:35 pm
that is both a target and resistance. Have a great rest of the day!

 

INTRADAY LOG FOR MONDAY - OCTOBER 16, 2017

HOW OUR TRADING DAY WENT: Monday had and early high 1 tick under resistance set up a short and after a bounce dropped to just 1 tick above and important support before bouncing again. CLICK HERE FOR A VIDEO RECAP!

16 Oct 2017 09:11 am
Good morning. The slightly higher open needs to hold 53-52.50 or is possible breakdown

16 Oct 2017 09:18 am
a move over 55.50 needs to hold as the new highs were getting pullbacks in Friday's thin trading day

16 Oct 2017 09:26 am
has to go over 55.50 and hold or else can pullback to the 53-52.50 area possibly

16 Oct 2017 09:33 am
has to take out 58 on this move up and then hold at 55.50 and turn up after that or the early pop-up fails

16 Oct 2017 09:38 am
has to bounce from above 54.50 and still get to the 58 area in order to avoid a potential dropped to 53-52.50 area or more

16 Oct 2017 09:42 am
held a bit over 54.50 so far and 54.50 needs help or else 53.25-52.50 needs to hold to avoid breakdown

16 Oct 2017 09:45 am
should hold 55 at worst or else could be topping out

16 Oct 2017 09:46 am
with 58 area rejected it should be hard to get over and hold and that needs to happen or else a top could be made of here for a while at least

16 Oct 2017 09:50 am
55-54.50 needs held for another chance at 58 area or just above, but is broken under by much then a bounce after should fail. If 58 is broken with some gusto then 60.50 next

16 Oct 2017 09:55 am
has to bounce from 56.50 area a second time or else could come back to or through 55.50-54.50 and then possibly leave a top in place if that happens

16 Oct 2017 10:03 am
a rather slow start to the week so far with a pop-up to just under 58-58.50 resistance so far only a tiny pullback which needs to continue holding 56.25-55.50 at worst or else a bounce after will be sold into

16 Oct 2017 10:09 am
will need to hold 54.50 and turn up the immediately and get back above 56.75 or else some pressure will be on now

16 Oct 2017 10:11 am
could be a bounce from down here but bounces should keep failing as long as it holds under 56.50-57 now it appears

16 Oct 2017 10:16 am
pressure on holding under 56.50 area at the moment down to test were break 54.50

16 Oct 2017 10:19 am
must bounce from 53.50-52.75 area or else there will be a bigger breakdown towards 50 area again

16 Oct 2017 10:23 am
52 reached and good bounce here but still a strong downtrend with the break under 54.50-53.75. A bounce should turned down from 54-54.50 on the first bounce here

16 Oct 2017 10:28 am
should roll over from 54.50 area if there is going to be one

16 Oct 2017 10:33 am
retest of the lows and quick bounce, still needs to get over 54.50 though and only a tiny pullback hold after for a bounce some sort

16 Oct 2017 10:36 am
53.75 turn away, and 54 needs cleared in order to break dynamic resistance in this downtrend at least..

16 Oct 2017 10:38 am
there could be a further breakdown from here and if 51.50 is not held or no sign of it turning there then should keep going to or through 50

16 Oct 2017 10:44 am
still holding 52.50-52 area on the pullbacks but continues to be sold at 53.50-50.75 keeping pressure on for potential breakdown

16 Oct 2017 10:45 am
through the 52 area down towards 50 area from Friday double bottom and maybe a bit lower. Must avoid breaking 51.50 and not turning right back up

16 Oct 2017 10:48 am
52 reached again and needs to go through that for a breakdown to the 50 area otherwise could get back above 54 on a decent bounce attempt

16 Oct 2017 10:50 am
should be a low in for a a while and better bounce attempt as long as 50 to hold

16 Oct 2017 10:56 am
backing away from the 53.75 resistance again and needs to take out 52 in order to go down to 50 area or more

16 Oct 2017 11:03 am
another bounce attempt from 52 has to take out 53.75 area and hold after a tiny pullback in order to change things after this sideways action

16 Oct 2017 11:08 am
still needs to get over 53.75 pretty soon or else pullback towards 52 but this time should hold and turn up again but from above 52, but if broken and then 50 area

16 Oct 2017 11:13 am
if a move over 53.75 area holds, not sold right away, it could go back up towards 55.50 area before a pullback or bounce high possible

16 Oct 2017 11:16 am
obviously under pressure with more selling coming in right at 54 and could go to 52 area again and if no bounce then 50.50-50 must hold

16 Oct 2017 11:19 am
must hold 52.50-52.00 and bounce if it's going to avoid another push lower towards 50 area hand Friday double bottom. Could be out of trouble a while if 54 broken again

16 Oct 2017 11:22 am
choppy move higher likely with another pullback turning up from or above 52.50 or else a bounce high could be in place a while.

16 Oct 2017 11:31 am
will need to continue holding 54-53.50 at worst to continue a grind higher to or through 55.50-56.50 zone and possibly higher before another pullback

16 Oct 2017 11:45 am
ES needs to turn up from 53.50 at worst here and not much lower or a bounce high could be in place instead of another bounce attempt off of that level with a chance of holding

16 Oct 2017 11:48 am
needs to turn up from 53.50 and take out the 54.75 pounds high so far or else could come back down further and if that's the case needs to bounce from 52.50-52 low area at the worst, should it go that far really

16 Oct 2017 11:52 am
bouncing off of 53.50 updated support and needs to go to or above 55 or else potential breakdown again and another high in place

16 Oct 2017 11:59 am
52.50-52 area must hold or else a weaker ES will be breaking down towards the 50.50-50.00 area for lower

16 Oct 2017 12:00 pm
it has a chance of getting down there as long as they hold under 53.50-54 at the highest right now

16 Oct 2017 12:01 pm
update and about 5-8 minutes. Would stay with shorts unless a move back over 53.75 at the least

16 Oct 2017 12:09 pm
almost through the 52.50-52 area again and if you know the Dow for the NQ get some pressure but on also that ES should keep coming down towards 50.50-50 next

16 Oct 2017 12:16 pm
50.50-€51.00 and possibly right down to the 48447 just below that

16 Oct 2017 12:17 pm
if no sign of a bounce.. If there is a bounce it would need to get back over 52.50 area and then hold up there

16 Oct 2017 12:23 pm
pressure should stay on as long as they hold under 52.50-53 area now, and if no bounce from 50.50-50.00 soon then down to the 48

16 Oct 2017 12:26 pm
so far holding just over 50.50-50.00 zone but still could be broken if this bounce doesn't get momentum or at least get above 52.50 and be able to hold up there. Headed towards 48 or lower under 50

16 Oct 2017 12:27 pm
I will be away until around 1:15 and likely busy the majority of the time with phone calls but will update necessary ASAP when I'm free

16 Oct 2017 01:14 pm
a feeble 2.50 point bounce stopped and turned down 53.25 and now must hold 52 again on a bit and turned up and take out 53.25 to get/keep upside going from the low just over support

16 Oct 2017 01:16 pm
the market has had trouble holding gains an all-time high territory early in the day lately, but still every pullback has been bought and that splits happening now with the ES needing to take out 53.25/after tiny pullback

16 Oct 2017 01:29 pm
this could turn into a bounce high at 53.54 a bit, but if the Dow makes one more move up and hits current uptrend it could help that ES go up another 1-2 points

16 Oct 2017 01:37 pm
should continue to creep higher above the 54.75 prior bounce high with the Dow keeping its move to test its high underway, however if it stops shy and turns down from 22,940 or lower on this move, that ES could start coming back down again

16 Oct 2017 01:53 pm
going sideways at 54 and should be in an uptrend and that tab another push higher as long as 53.50 is not broken. If it is broken, 52 area key support again

16 Oct 2017 01:58 pm
coming back down again and would need to keep coming down through 53 and especially 52, and if the Dow rolls over then could go further, but Dow has been very strong today

16 Oct 2017 02:11 pm
ES needs to hold under 54 and come down through 52.50 if heading back to test or break the low instead of attempting another bounce to attempt breaking the 54.50-54.75 bounce high levels

16 Oct 2017 02:16 pm
down turn from 54 is still keeping some pressure on and needs to take out 54.50-54.75 just above otherwise the door is open for a move back to or through 52 from earlier this morning

16 Oct 2017 02:24 pm
that ES is going to keep climbing higher with the Dow making its run back towards its last bounce high and should hold again on another dip and take out 54-54.50 and then must be able to stay up there and continue pushing higher, not reverse again

16 Oct 2017 02:25 pm
reversal could happen if that ES gets over 54-54.50 and cannot stay up there we could get a reversal back on the downside. Same action on the Dow

16 Oct 2017 02:32 pm
ES is making its third high in the 54.25-54.75 zone starting from around 11:30 and probably some pressure on unless broken and able to stick, which is not looking likely and especially if 53.50-53 is reached again

16 Oct 2017 02:45 pm
the Dow is still hanging in there and might have one more push higher coming and if so then there could be a pop-up on the ES, BUT must get over 54.50 and stay up there, or remains vulnerable

16 Oct 2017 02:56 pm
the ES has been holding under 54-54.50 on the top side and 52.75 on the bottom side of this little range and with the Dow heading back up there is a shot at testing 54-54.50, maybe not reverse as easily but we will see

16 Oct 2017 03:03 pm
the ES has had a chance to breakout of both the top side and the bottom side, and should have a better chance of a move higher if it follows the Dow which is about to test its early high..

16 Oct 2017 03:12 pm
the Dow just made a token new all-time high just above the morning high, helping the ES get to 54.50 so far, but the Dow just backed away and now the ES will need to continue holding 54-53.50 area to keep and of day move from reversing

16 Oct 2017 03:17 pm
should have a hard time getting to the 55.50 area and then staying up there for very long. A move back under 54-53.50 then downside could get a bit of momentum

16 Oct 2017 03:29 pm
in the last 35 minutes it could be up to the Dow whether or not the market closes well or pulls back. Whatever the case, looks like the ES will need to hold around 53.50 area or else a chance of a breakdown. Going over 55 with only a small pullback a

16 Oct 2017 03:32 pm
keep an eye on the Dow cash as that could lead the way higher or lower if it begins to turn down from a double top instead of going back up through 54.50 area and be able to stay up there

16 Oct 2017 03:34 pm
looks like another rally at the end of the day with this turning up right at 3:30 PM, but doesn't mean it will stick so beware if the Dow just makes a token higher high and turns down again

16 Oct 2017 03:35 pm
no damage done unless the ES goes back under 54 in the last 25 minutes or so. If that happens to be broken then back into the middle of that range it was in order to the bottom of.

16 Oct 2017 03:36 pm
have a great day!

 

INTRADAY LOG FOR THURSDAY - OCTOBER 12, 2017

HOW OUR TRADING DAY WENT: Thursday we had a bottom just under 2548 and a double top at the 2553-2554 set up a short for a trip to 1 tick over support.
CLICK HERE TO WATCH A SHORT VIDEO!

12 Oct 2017 09:02 am
Good morning. after closing at top tick of the day on Dow and S&P 500, all-time high, we are going to get early selling again and if 48 area broken than 46 low at support yesterday must hold at worst

12 Oct 2017 09:09 am
looks like a bounce over 49-50 needs to hold, then a chance that 53 close from yesterday, or a bit above but not stick most likely. If they don't hold in bounds from 48 area, should break 46

12 Oct 2017 09:10 am
in case of a break below the 42.50-41.50 zone is the 37.50-37 area next

12 Oct 2017 09:20 am
I will update below after the open. There should see some action between 10:30 and then today for a change I would think

12 Oct 2017 09:28 am
must bounce or reverse from 48 or else a bounce out follows should be sold into

12 Oct 2017 09:33 am
this could go a bit further but unless 52 is broken and not turn right back down then another push lower comes very soon or no later than the 9:50-10:10 timeframe

12 Oct 2017 09:37 am
should test were break 48 before a bounce attempt or else break down for a while longer

12 Oct 2017 09:40 am
quick turn up from 48 and needs to get above 50 and hold or back under 49 without turning right back up could put some pressure on
12 Oct 2017 09:41 am
I will meet you online around 10:20

12 Oct 2017 09:45 am
the bounce stopped just under 50 and turned down from the lower high and just reached 47.75. that are not going to reverse and rally back so easily today the way it looks – holding under 50.50

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

12 Oct 2017 12:01 pm
getting back above 50 and holding turned out to be pivotal and with José Dow and the NQ making new all-time highs, that ES needs to hold 52 at worst or it could miss reaching the 53.50 all-time high

12 Oct 2017 12:09 pm
almost to the 53.50 all-time high but so far stopping 1 tick under the high and needs to hold 52.25 area in order to avoid a potential top of some sort

12 Oct 2017 12:16 pm
bounce from 52.00, so could be still a chance for a higher high, but appears that it would need another higher high on the Dow and/or NQ if it's going to reach 53.50. Even then it should have trouble holding

12 Oct 2017 12:19 pm
if the ES does that under 51.50-51 and it should leave a high in place, at least for a while. But still a choppy uptrend, probably with some limited upside, even if 53.50 reached.

12 Oct 2017 12:23 pm
I will be oh wait until around 1:15 but will update if three and there is something to update about. Right now, uptrend intact unless 51.50 broken and 50 big pivotal area if broken. 57-58 Max if 53.50 broken and keeps holding tiny pullbacks

12 Oct 2017 12:34 pm
that ES made a lower high then yesterday by 1 tick while the Dow and NASDAQ and NQ made new all-time highs usually. Would need to get over 52.25-52.50/hold on the way up, or drifting lower

12 Oct 2017 12:57 pm
that ES took out 52 and so far reached 50.50 and the 50 level on the ES was pivotal early with the opening high at that level and after making the low stalled then broke/held 52 rally again. It's also middle of Tuesdays range

12 Oct 2017 12:57 pm
can attempt another bounce of some sort as long as 50 is not broken through

12 Oct 2017 01:15 pm
eight what around from 50.50, not far above 50 which was/is a pivotal level the rest of the day got bid to back up quickly and is the best chance and has two get above 53.50 even though it may not stay up there for a very long

12 Oct 2017 01:25 pm
the ES going up to its high (or higher over 54) while the VIX dropping from 10.33 and now straight down to 9.69 and 9.49 would be an extreme, and even if not reached a reversal would be a red flag

12 Oct 2017 01:27 pm
pausing at what would be a lower high again and a potential 123 top

12 Oct 2017 01:28 pm
breaking 52.50

12 Oct 2017 01:34 pm
backing away only a small amount from a double/triple top of sorts, but still needs to get a bit of momentum and through the 50.50-50.00 pivotal area for the day. Probably won't get there for going back up to test the high again, though could be whe

12 Oct 2017 01:50 pm
now a triple/quadruple top in place at 53.25-53.50 and unless broken and held as a shot at coming back down under 51.50 and if no sign of a turn then 50.50-50 area needs to hold, things could turn sour if that area is broken

12 Oct 2017 02:03 pm
the Dow has rolled over nicely from its top and made a lower high with the last 2 53.25 top on the ES, while the NQ trading higher on the day. ES waffling in between, but a breakdown possible with this rejecting the highs so many times

12 Oct 2017 02:09 pm
at the moment and less there is a move at or under 52 that then holds under 52.25 (easier if 52 broken through) then beginning further breakdown it appears

12 Oct 2017 02:10 pm
should just be a shorting under the 52.25 level, and 6091 on the NQ

12 Oct 2017 02:33 pm
just being short under 53.25 could end up working out if this keeps acting like it has been and gets a bit of momentum by breaking under 50.50-50.00, which looks necessary if this is going to break down in any kind of way

12 Oct 2017 02:35 pm
also coincides with the middle of today's trading range, only a 6 point range up against its all-time high

12 Oct 2017 02:39 pm
well, so far this pullback held at 51.25 and popped up to 52 and now needs to hold at or under 52 and keep pushing lower through 51.25 to attempt something on the downside to or through 50 area

12 Oct 2017 02:45 pm
sso far has done what looks necessary for a shot at getting down to the 50.50-50 pivotal area and now must not go back over 51.75 longer than a millisecond before coming down again if reached

12 Oct 2017 02:47 pm
if no sign of a turn from 50.50-50.00 then 49-48.50 area needs held or else bigger breakdown going on

12 Oct 2017 02:51 pm
breaking down and should go through 48 area for a bigger breakdown and test 46 from yesterday. If no turn from 46-45, then must hold 42 major area. Will see about 48 again, it was not held under very long

12 Oct 2017 02:53 pm
update in about 8 minutes if needed. Should not get back to or through 50.50-51 on a bounce attempt. But not likely at the moment

12 Oct 2017 03:00 pm
so far not even able to break down through 48, with only a 5.50 point pullback from the 53.25 double top. Still should not get back above 50.50-51 and stick on the first try

12 Oct 2017 03:06 pm
the bounds turned down from 50.75 resistance zone and needs to break through 48 on this move down in order to make a lower low under 47.25 and also test were break 46 from yesterday in a so far narrower range day at all-time high

12 Oct 2017 03:06 pm
failing The all-time high

12 Oct 2017 03:10 pm
if 49.50 continues to hold there is a shot for another run up to test the 51 area and possibly higher. If broken though, then down towards 48.75-47.75

12 Oct 2017 03:16 pm
51.25 reached so far on this bounce and needs to bounce from 50.50-50 or else could break down again

12 Oct 2017 03:28 pm
turnaround from 48.75 started 5 minutes before 3 PM, then needs to continue holding 50.50 pivotal area or else could break down again
12 Oct 2017 03:30 pm
the bounds did stop at the 51.25 level which was the bottom of a range four some time before breaking down to 48.75 and should probably stay under pressure unless broken/held in the last 30 minutes

12 Oct 2017 03:33 pm
in the last 29 minutes would stay with the short side and if short from earlier when I mentioned to be short under 53.25 with the ES going sideways around 52.50-52, might consider keeping at least part on overnight

12 Oct 2017 03:34 pm
have a great rest of the day! I'll meet you here in the morning. In case this breaks down through the 48.75-47.75 zone look for 46 area and if no sign of a bounce it could caveman before closing

 

INTRADAY LOG FOR WEDNESDAY - OCTOBER 11, 2017

11 Oct 2017 09:18 am
the ES is getting close to yesterday's close and need to clear 50 and not turn right back down or else early pullback

11 Oct 2017 09:22 am
pullback would need to hold and turned up from 46-45 or above that, or else uptrend breaking and some pressure should be on

11 Oct 2017 09:24 am
update after the open

11 Oct 2017 09:35 am
A pullback needs to bounce from 47.50 if the uptrend is going to stay intact and not reverse down to or through 46-45 this morning. Has to take out 50 and not turn right back down. Trying 453

11 Oct 2017 09:38 am
I will meet you online around 10:20. Breaking 47.50 should mean top in place for a while

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in his e-book. This is an included perk in a "real time" subscription.

11 Oct 2017 12:01 pm
after bouncing from in early drop down to 46 support was turned back up the ES has been trading in a 2.25 point range sense 10:15 and looks like it needs help to make a new high and hold if 50 is reached again

11 Oct 2017 12:04 pm
the Dow cash has made 6 small pullback from just under its all-time high, turning down from 22,848 and needs to be broken through and held in order to get that average break its range on upside at least

11 Oct 2017 12:06 pm
a move over 50 needs to keep going, not reverse right back down or else another rejection and pullback can that leads come back to 48.50 again

11 Oct 2017 12:10 pm
bottoms and tops in this range have been quickly reversed so 50.25 or higher should turn right back down if reached. Still have the Fed minutes at 2 PM, should breakout of this range soon, not wait until around 2 PM

11 Oct 2017 12:16 pm
50.25 quickly turned back down under 50 and need to now hold 49.25-49 area for any chance of another run up to or through 50 area

11 Oct 2017 12:19 pm
going into the 2 PM Fed minutes the ES needs to hold the 48 area and the Dow cash hold the 22,832 level to avoid a reversal of some sort. Looks like a hold over 49 can keep current run up going

11 Oct 2017 12:19 pm
on up to the 52-53 area

11 Oct 2017 12:32 pm
run up stop that 50.75 and needs to hold 50 or else could begin a better pullback

11 Oct 2017 12:34 pm
if that area holds and there is one more decent 2 point move higher then the ES is back at yesterdays high area and would need to go right through, which not likely unless after Fed minutes are released

11 Oct 2017 12:41 pm
ccurrent strong uptrend stays in tact as long as 50 continues to hold, should not go under that or else 48 next

11 Oct 2017 12:42 pm
breakout of that tiny range should now hold what was the top side at 50-49.50, should not break that area is headed towards 52-53 zone

11 Oct 2017 12:43 pm
I will be away until around 1:30 today as I'm getting a late start on lunch break and a few phone calls but will update if possible or necessary and I am able.

11 Oct 2017 01:30 pm
there was a pullback that bounce from 49.75 up to make a double top at 51 and turned down reaching 49.50 so far and another pop-up should also be sold and if the ES breaks and holds under 50--49.50 after the Fed minutes, it could reverse the trend an

11 Oct 2017 01:37 pm
the double tops will need to be broken this afternoon and then not turn right back down if top is not in, and going for the 52-53 or higher. But if a token higher high instead is reversed, will need to break 49.50 and hold under 50 to reverse down

11 Oct 2017 01:41 pm
pullback low at 49.25 so far and still needs to take out that level which was near the top of the prior 2.25 point range, and with two-sided action so far, must hold later break down under way

11 Oct 2017 01:43 pm
should be some pressure on now as long as there is not a pop-up above 50 that sticks, not turn away from

11 Oct 2017 01:55 pm
if that ES continues to hold right at the 49.50 area and holding the 60 EMA for a third time, a chance for a pop-up but likely not going to stick very long and less goes into melt up like move

11 Oct 2017 01:58 pm
I will update about 5 minutes after the Fed minutes are released. Maybe they won't be such a big deal, but the way this is trading another pop and then decent drop seems most likely

11 Oct 2017 02:04 pm
pop-up starting from the 49.25 level which now is important support that must not be broken below and then held under 50 on a bounce attempt to reverse. Could keep going 52-53 before backing away

11 Oct 2017 02:07 pm
50.25-50.00 or higher need to turn up from, and/or keep going up to but probably not through 52-53.25 all-time high from yesterday. Could be third top up here if support broken

11 Oct 2017 02:15 pm
pullbacks today have been 1.75 points, 2.00 points and 1.75 points at the last low at 49.25. That level has been kind of pivotal today, along with 22,835-22,83 area. As long as 49 is not broken choppy uptrend intact 52-53 upside

11 Oct 2017 02:20 pm
run up to the 52 level so far and met the target/resistance and backing away a bit and looks like 51-50.50 should hold in turn up again in order to keep this heading higher and not begin reversing further from resistance

11 Oct 2017 02:22 pm
46 support was turned up at 9:55 AM and the ES just turned down from 52 resistance at 2:40 PM, should be a high in place and if not then one more pop-up should be sold – breakkthrough 49.25, pivotal and also 60 EMA yet again

11 Oct 2017 02:28 pm
so far came right down to that 49.25 level and 60 EMA on 5 minute chart (regular trading hours only) tested for the fifth time today, shouldn't go under five much or else breaking down further

11 Oct 2017 02:31 pm
with the immediate downturn from 52 there is not much upside but downside could have some room to go if this breaks 49 and gets some momentum on the way down

11 Oct 2017 02:33 pm
about ready to break down and would be going for the 48 area which would be important area to hold next if there is a break under 49

11 Oct 2017 02:38 pm
49.00 was touched and turned up right away but is not going far and should end up with a break through 48 at least and maybe even 46-45 zone again from this morning

11 Oct 2017 02:47 pm
has to go up through 51 without another turn back down on this move, otherwise a shot at going back down and breaking the 49 key area in here this afternoon

11 Oct 2017 02:58 pm
making a move back up now from holding at the 49.75 level and that will be new support also that needs to hold to make it up to test were break 42-43 area one more time

11 Oct 2017 03:04 pm
this will need to make a lower high and not go through the 52-53 zone, and stay up there, unless it gets some piling on and if there are any shorts left to squeeze. Trapped traders yesterday morning should be eager for exits, we are going to see

11 Oct 2017 03:12 pm
the Dow just made another new all-time high intraday and both the ES and the NQ are getting close to their all-time highs intraday, and needs to get over 52-53 and still hold around 52 after that if there is a pullback

11 Oct 2017 03:15 pm
52 reach CNN needs to keep going right through the 43 level and barely a pullback after to keep a run up from potential reversal

11 Oct 2017 03:16 pm
good pullback a bit but as long as this does not come back down through the 49 level it will avoid any kind of late day drop again

11 Oct 2017 03:18 pm
I must cut out about 10 minutes earlier than usual today, my apologies. Right now it looks like another call back should be bought and try to or through 53

11 Oct 2017 03:21 pm
this broken and held over 52 than a chance for a parabolic run-up possible. It would have a hard time doing that I think, but closing on highs probably in the cards

11 Oct 2017 03:23 pm
I need to leave a little bit early today so right now it looks like there could b/reversal if 51.50 not held. Should have a hard time getting over 53 and holding unless in a melt up mode very late iin the day

11 Oct 2017 03:24 pm
take care and I will catch you here in the morning

 

INTRADAY LOG FOR TUESDAY - OCTOBER 10, 2017

HOW OUR TRADING DAY WENT: Tuesday was a good day for our members, as there were setups again at or very close to the numbers. CLICK HERE TO WATCH a quick video recap!

10 Oct 2017 09:09 am
Good morning. the 46-45 area could be as new support but that was the narrow range four breaking down yesterday.

10 Oct 2017 09:15 am
it looks like that area needs to hold or else 43.50 area around yesterday's close can be broken by a bit

10 Oct 2017 09:16 am
I will update after the open

10 Oct 2017 09:22 am
if 50 is reached, it needs to push through and hold up there. When the all-time high at 50.75 was made it came right back down to 50,, and yesterday touched 50 and turned down immediately

10 Oct 2017 09:25 am
not too far and if it can go right through 50 up to the 52-53 and then it comes down again, it should 50 if it's going to break out hold new highs,

10 Oct 2017 09:29 am
will need to hold 48.50-48 or else a bounce follows should be sold

10 Oct 2017 09:32 am
bounce off of 48 but still should be sold into

10 Oct 2017 09:33 am
bearish unless 50 broken and held after that

10 Oct 2017 09:34 am
down to 47-46 as long as 50 not blown through and goes through 52-53 instead of turning down from 50 or just above again

10 Oct 2017 09:38 am
needs to take out 48-47 and order to make it a top for a while and not try for a move to or through 50

10 Oct 2017 09:40 am
pullback from 52-53 needs to hold 50 area and turned up again

10 Oct 2017 09:44 am
51-50 should not be broken now for this to keep a strong run up from reversing, which could happen starting around 9:50 until 10:10 timeframe for a bit earlier this morning

10 Oct 2017 09:45 am
has to do more than just a poke over 53 but needs to break above and hold to keep pushing higher in a melt up parabolic move here. Meet you online in a bit

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in his e-book. This is an included perk in a "real time" subscription.

10 Oct 2017 12:03 pm
After reversing from 1 tick above the 52-53 zone there was a steady drop until stopping 2 ticks above the 42.50-41.50 on initial support and bounced. Another narrow range just broke to downside and now 42.50-4150 has a chance of being reached or brok

10 Oct 2017 12:04 pm
bounced. Another narrow range just broke to downside and now 42.50-4150 has a chance of being reached or broken

10 Oct 2017 12:06 pm
as long as the 45-45.50 area is not broken. Would need to take out 47 with some gusto in order to attempt getting something going on the upside.– very low odds right now the way this is trading

10 Oct 2017 12:09 pm
if there is no sign of a bounce from 42.50-41.50 then it will probably continue going down through 39 low from yesterday to test were break 38-37 major area today

10 Oct 2017 12:16 pm
42.75 token lower low was turned up but needs to get back above 45 and not turn right back down in order to have a low in place, which needs a move over 47 that the hard right back down

10 Oct 2017 12:23 pm
a quick pop-up from another test of 42.75 and the 42.50-41.50 initial support, must continue holding and get back over 45-45.50 without turning right back down in order to avoid one more push lower

10 Oct 2017 12:25 pm
another pullback should be bought for a bounce at least, although it may have trouble getting over 45.50. 47 area still must be broken/held in order to begin looking good. Poor action so far

10 Oct 2017 12:28 pm
I will be gone in till around 1:15 or a little after but will update if possible. I'll do my best if it's necessary. Along with 47 the Dow needs to clear 22,805-222,807 area

10 Oct 2017 12:46 pm
with that ES bouncing from just over support and now getting through 45.50 and then holding 45.25 on dip, should be buyers on pullback for a bit more run up, but today's range in place unless break back under that's six 45 again

10 Oct 2017 01:20 pm
the ES held at the 45 area and turned up and just reached 48 and backed away a bit, and could end up being a bounce high at the 50% retracement area here if 45 is broken through especially

10 Oct 2017 01:24 pm
amazingly the and terminals are pretty strong today, and should be enough to keep the internal gauges from reaching oversold and instead going into neutral – which basically takes away one prop the market might have had. Any kind of pop-up should be

10 Oct 2017 01:27 pm
even if there is a pop up from 46-45 area it should be sold into. Getting over 48 and especially 50 and staying there should be hard to do if reached

10 Oct 2017 01:37 pm
a pop-up from 46.25 was sold and about two come back down to or through the 45 level and put more pressure on two go to or through the 42.50-41.50 support under the lows

10 Oct 2017 01:40 pm
well, the ES immediately turned up from 45.50 and it's the 45.50-45.00 area that needs broken through and held if there is going to be a breakdown. Just averted that, must continue holding above that area if going up towards 50 area and turned down

10 Oct 2017 01:51 pm
it is looking like we have the range or two day in place,, as getting to and even through the 50 level again and holding aside from 45.50-45 on the ES also keep an eye on 22,804-22,802 area. It has been pivotal all day

10 Oct 2017 02:06 pm
the ES hasn't been able to stick on the pop-ups, but has come back down and held/bounce from the 46.25-45.50 area 3 times and a break through that zone opens the door to go back to the lows for a third time

10 Oct 2017 02:08 pm
the market is not acting well and we could see the downside get some momentum if that ES takes out 45 and then holding under 46 at most after that. And also if the Dow breaks back below 22,802 area without turning right back up

10 Oct 2017 02:10 pm
and any case, pop-ups should fail at the 48-49 area, not getting to or through 50 again as that would be reversed and sold aggressively on a move over and back under 50. But should begin to break down soon

10 Oct 2017 02:21 pm
on the verge of an across-the-board breakdown going back under 45 on the ES and now 22,802 on the Dow cash, a little lower at 6050 on the NQ which is in worse shape after new all-time high

10 Oct 2017 02:24 pm
at the moment the ES will stay under pressure and in a choppy downtrend as long as a bounce holds under 47-47.50, and the NQ holds under 6030-6032 or lower, 6057 first

10 Oct 2017 02:29 pm
right now the Dow is holding at 22,800 and the ES just bounced a bit from the 45.25 level, and if there is in a more weakness than that than the market could be breaking down again. Update and about 8 minutes

10 Oct 2017 02:38 pm
a bounce off of 45 area and 22,800 on the Dow are somewhat feeble and this pullback must hold 45 and get turned up again with some gusto or else risk of breaking down again this afternoon

10 Oct 2017 02:52 pm
the ES should have a hard time holding if there is another pop-up to around the 47-47.50 area for this to continue acting top-heavy on bounced and come back down to or through 45.50-44.50 area

10 Oct 2017 02:59 pm
that ES has poked into the 46-45 area and quickly turned up 3 times so far and 20,800 on the Dow cash was also tested and held, and needs to spring back up a third time or else break down can occur

10 Oct 2017 03:02 pm
3 PM turned up from 46 support and as long as 46-45 is not broken again the market will avoid a late day drop of some sort and have a shot at 48-49 before backing away again

10 Oct 2017 03:07 pm
still has a shot at getting up to the 48-49 area, probably not reach 50 unless it's a poke above that comes right back down again. NQ making a really nice turnaround

10 Oct 2017 03:16 pm
this bounce still is not that strong so far and must hold 46-45 or else risk a breakdown at the end of the day which would be a change

10 Oct 2017 03:28 pm
with about 35 minutes left in trading today that ES looks like it could creep its way higher to the 48-49 area, probably at the most. Must now hold 46.50-46 area or else than there would be a chance for a late day drop instead

10 Oct 2017 03:31 pm
with buyers coming in right at 46.50, the market is going to stay safe as long as that zone at 46.50-45.50 is not reach without being turned right back up

10 Oct 2017 03:35 pm
the last pullback turned up from 46.50 and careful with being a buyer up here as the market action has not been very good today

10 Oct 2017 03:35 pm
enjoy the rest of your day!

10 Oct 2017 03:42 pm
late drop under 46/45

 

INTRADAY LOG FOR MONDAY - OCTOBER 9, 2017

09 Oct 2017 09:12 am
Good morning. The ES is just a little under its intraday all-time high at 50.75 last Thursday, and a bit more downside to around 48-47 likely first then a bounce

09 Oct 2017 09:22 am
this gap up open should be sold either near the open or first 20-40 minutes

09 Oct 2017 09:24 am
what ever the case, pullback should be bought for a bounce at least unless it turns into a trend down moves which is doubtful.

09 Oct 2017 09:28 am
should not hold over 50 very long is broken and come down to around 48-47

09 Oct 2017 09:28 am
but if 50 is held then up to 52-54 area, I think would be an important number

09 Oct 2017 09:36 am
48.50 pullback low and needs to get over 50 and not turn right back down or else there could be another move back to a token lower low

09 Oct 2017 09:37 am
rolled over on the NQ and it needs to hold 6064 area at worst I think for a top would be in place for a while at least

09 Oct 2017 09:42 am
down to the 47.50 level to fill thee gap and needs to turn up from around this area if going to get above 50-50.75 double top

09 Oct 2017 09:45 am
if this holds under 48.50 it should keep presssure on and next area would be around the 46 area and myth that is cut through 44--43 major area this morning

09 Oct 2017 09:50 am
must turn up from around 45-44 or higher and would need to break and hold over 48 in order to attempt a turn around

09 Oct 2017 09:54 am
so far held at Friday close at 45.00 and needs to hold 45-44 and then take out 47.50-48 and hold up there. down to 42 next otherwise

09 Oct 2017 09:56 am
has to hold 44 or keep going down to 441.50 or keep going to or through 38.50 area

09 Oct 2017 10:02 am
44.50-43.50 first support holding and needs to keep going and take out 46.50 if attempting a move back towards 48 or more, avoid another failure

09 Oct 2017 10:06 am
need to hold 44 and turned up with some gusto a take out 46-46.25 if headed up to the 48 area or higher a possibility.

09 Oct 2017 10:09 am
so far only a feeble bounce less than 2 points and should turned up with some gusto pretty soon and stick to test were break 47-48 began

09 Oct 2017 10:11 am
if the ES doesn't get over 46.50 in the next couple of minutes then back down to test were break the low

09 Oct 2017 10:14 am
bounce high in place just under 46.50 updated resistance to break, and now going under 44-43 would need to be turned right back up or else continue towards 38.50-37.50 next in a trend down moves

09 Oct 2017 10:18 am
higher low at 44.50 at the moment so bounce would need to hold under 46.50 and breakdown through 44.50-44 .

09 Oct 2017 10:23 am
should be pressure on still holding under 46.50 and would need to get over that in order to take some pressure off to avoid another lower level

09 Oct 2017 10:31 am
want to stay range bound at the moment with another pullback low at 44.50 turned up and must continue holding 44 in order to have a shot at taking out 36.50 and trying a move towards 47-48, or more

09 Oct 2017 10:39 am
still sideways action between 44.00 below and 46.25 bounce high, need to take out 46.50 and keep going up to 47.50-48.50 area, then hold at or above 46 after to get rally attempt, or

09 Oct 2017 10:41 am
breakdown through 44.50-44 and barely bounce if it does not get momentum and go down to or through 41.50

09 Oct 2017 10:49 am
took out 44.550-44 area and could bounce again but not far if it holds under 45 area now

09 Oct 2017 10:53 am
that could be a low for a while as 43.50 should hold unless 41.50 is going to be tested for broken through to the 38.50 area

09 Oct 2017 11:01 am
this slow move higher from the new low needs to have just a small pullback and turned back up and take out 46.50 in order to keep the current uptrend from failing

09 Oct 2017 11:04 am
45-44.50 bounce hold and be turned up or else break down from this bounce back to top of prior range could reverse

09 Oct 2017 11:12 am
looks like it needs to bounce again from around 44.50 at the worst if going back up and have a chance taking out 46.50 and possibly getting up to the 47.50-48 area if that happens

09 Oct 2017 11:19 am
44.50 held by 1 tick and turned up and could be heading towards 47.50-48 as long as 44.75 continues to hold.

09 Oct 2017 11:30 am
ES going sideways around middle of the morning range and needs to hold 45.50-45 in order to keep uptrend tube or through 47.50-48 not have a break lower

09 Oct 2017 11:33 am
in order to continue pushing higher there needs to be a good bounce from 46 or higher

09 Oct 2017 11:46 am
need to quickly turn up from 46-45.50 and take out 47.50 and then hold 46 area after for a shot 48 area or more

09 Oct 2017 11:53 am
ES has been stairstep a higher sense turning up from 41.50 and needs to avoid breaking 46 or else could be getting top-heavy and come back down to or through 45-44.50

09 Oct 2017 11:54 am
update and about 8 minutes

09 Oct 2017 12:02 pm
unless 50 and get back over 47 and not turn right back down I think presssure will be on and could come back to thee 45 area which could be important to hold

09 Oct 2017 12:10 pm
the Dow stalled and rolled over also and stop right at what should be important area to hold at 22,775-773 – that could be pivotal along with 46 right here on the downside

09 Oct 2017 12:17 pm
the Dow is going through its support as it rolls over and would need to stop and turned up with some gusto before going down to or through 22,756-753 zone – potential bigger breakdown area

09 Oct 2017 12:19 pm
so far we have holiday trading with just 6.50 point range on the ES, a new all-time high on the NQ that is having trouble holding, and the Dow make a new high-end looking top-heavy

09 Oct 2017 12:21 pm
so unless the ES can get over 47.50-48 first resistance and stay up there, the market could go back to or through its low's

09 Oct 2017 12:22 pm
I am going to be away until around 1:20 and will update if necessary and I am free, otherwise I'll update ASAP

09 Oct 2017 12:39 pm
that ES should be catching down to the Dow and NQ now and either test were break 44 area again and is broken then 41.50 key area to avoid a deep drop 38-37 area – good area for potential pullback low

09 Oct 2017 01:23 pm
that ES is barely moving as it has only hold that 2.25 points from the double top at 47 at noon. almost 90 minutes and should be eventual break to the downside holding under 46

09 Oct 2017 01:31 pm
another small pullback in this range should hold at or above 45 if this is going to make an attempt at the 47 area again for a bit higher

09 Oct 2017 01:36 pm
so far a tiny 3 tick dip from the 46 level, and it could be a pivotal resistance just above at 46, needs to be broken and then able to hold

09 Oct 2017 01:48 pm
has to come down through 45 or else eventually pokes through 46 and if that happens 45.50 needs to hold at worst on a dip and turn up again

09 Oct 2017 01:50 pm
better opportunity trading the NQ which is beginning to get hit after stalling out on a bounce from its low area and just broke down and should head towards 6064 low area eventually here

09 Oct 2017 01:51 pm
ES needs to at least get over 46 and only have a small pullback after that or else still a chance it could have a pullback down through 45 area. update and about 8 minutes.

09 Oct 2017 01:58 pm
repeated rejections of the 46 level should keep pressure on for eventual break through 45-44.50 and likely test for break 43.50 support if that break happens

09 Oct 2017 02:05 pm
since noon that ES has been in just a 2.25 point range and sense 12:40 that ES has been in a 1.25 point range. Need to have a move over 46 get momentum, and not be reverse right back down or break 44.75 and continue to or through 43.50 flow of the da

09 Oct 2017 02:07 pm
Stalling out at 46 should mean pressure is on unless broken and then holds after a tiny pullback if that doesn't keep a running up through that 46 if broken

09 Oct 2017 02:10 pm
trying to get through 46, probably won't do much even if it is broken, has it is so thinly traded that there may not be enough buyers or shorts to squeeze if broken

09 Oct 2017 02:18 pm
finally the breakdown occurring and should be headed to or through 43.50 low of the day to the 41.50 area and must bounce from there or else 38.50-37.50 a major area in case

09 Oct 2017 02:20 pm
well, so far only went 1 tick under the 44.75 low of that range starting at noon, and should go further after a feeble bounce gets turned down or just waits until breaking down again

09 Oct 2017 02:28 pm
very feeble 2 tech bounce will need to get back over 45.50 and then hold at or above 45 after that and go up through 46 at least for a turnaround bounce attempt. The way to day is going, this can go to 43.50 low or more

09 Oct 2017 02:33 pm
the Dow is closing in on and early double bottom around the 22,758-757 area which should be broken through and held also if 43.50 is taken out here soon

09 Oct 2017 02:41 pm
a bounce attempt from 42.75 so far, and 41.50 low from Friday needs to be broken at a minimum. the gap up open on the ES left a double top in place and a 123 type of top on the daily charts

09 Oct 2017 02:48 pm
a new low and bounce attempt at 2:35 PM, and often times tend to reverse this move and rally later into the day, but not if it holds under 45-45.50 at most on the bounce

09 Oct 2017 02:55 pm
44.50 bounce high should be held below on another bounce attempt for this to keep going down to or through 42.50-41.50 area which is a major area to hold today

09 Oct 2017 02:58 pm
there is a chance for this to make its low in the last 15 minutes of trading or thereabouts as long as a bounce holds under 44.50 maximum and there is not a good bounce from 42.50-41.50 area

09 Oct 2017 03:06 pm
41.50 reached and if no bounce back above 43.50 and hold 43 after that, the trend stays down and a move could last until very late in the regular trading day session.. 38.50-37.50 area key support

09 Oct 2017 03:08 pm
still just a 9.00 point range and should be going down to the 38.50-37.50 area, and need to hold their or else open the door for a continued drop towards 33.50-32.50 in case

09 Oct 2017 03:13 pm
sleepy market having a good size late day selloff that it is going to have a hard time bouncing back from even if it is the 38-37 area that makes a low

09 Oct 2017 03:16 pm
so far holding just above 38-37 and 37 area an important one to hold or could keep drifting lower to or through 33.50-32.50

09 Oct 2017 03:21 pm
bouncing from just over the 38.50 area but unless the ES gets back above 41.50-42.50 without turning right back down then there could be one more leg down before another bounce attempt

09 Oct 2017 03:24 pm
the bounce from just above 38.50 needs to take out 41.50-42.50 and then be able to hold around 41.6 again and turned up. Otherwise the bounce that stalls should reverse for another leg down

09 Oct 2017 03:26 pm
in the last 35 minutes of trading today still the 41.50 area needs broken back above and then able to hold in order to avoid another leg down to test for break the low.

09 Oct 2017 03:27 pm
have a great rest of the day!

 

INTRADAY LOG FOR FRIDAY - OCTOBER 6, 2017

HOW OUR TRADING DAY WENT: Friday By the Numbers Again! CLICK HERE to watch a quick video recap!

06 Oct 2017 09:12 am
good morning. it looks like the market could break its string of consecutive up days and stopped at Fibonacci 8 in a row, and 18 of Fibonacci trading 21 days. I think that as long as 47 held below market under pressure

06 Oct 2017 09:21 am
just have a hard time seeing this turn around and rally strongly again , and being able to hold on a bounce. Shouldn't get over 47-48 and hold

06 Oct 2017 09:34 am
should fail at 47-48 or lower AND COME BACK DOWN TO 44-44.50 which is a KEY AREA TO HOLD

06 Oct 2017 09:35 am
top in for now or else if not another pop is a short

06 Oct 2017 09:38 am
should not get over 37 and stick

06 Oct 2017 09:40 am
44.50-44 area should be bought if the market is going to avoid trouble this morning and put together a bit better bounce before selling off

06 Oct 2017 09:43 am
37-38 should be sold into on this move

06 Oct 2017 09:43 am
or just below here

06 Oct 2017 09:48 am
minor support around 45, and should go under 44 without a good bounce or else topped

06 Oct 2017 09:54 am
36.50 bounce high just a little under the 37-38 area and by holding under that area it keeps the market under pressure and taking out 44.50 needed in order to open the door to go to 42 and not bounce back up towards lower high instead

06 Oct 2017 09:58 am
could get up to a token higher high and reach 37-37.50 where it must at least pullback and depending on how far a pullback goes to see if upside continues or reverses

06 Oct 2017 10:03 am
45 needs to hold on a dip and turned up for a move up to and possibly through 47-48 area

06 Oct 2017 10:08 am
made it to 47.25 and backed away and need to go under 46-45.50 and not bounce much from their for this to be a top instead of another push higher from that area

06 Oct 2017 10:13 am
47 resistance rejected and should be some pressure on holding under that level and breaking 46-445.50

06 Oct 2017 10:25 am
45.75 held so far, and now it has to show that it is still strong and not going to have any kind of decent pullback by pushing through the 47-48 area, not be sold back down from this phone like it should

06 Oct 2017 10:30 am
pausing at 47, need to go through 48 and hold 47 now. might want to keep an eye on the Dow also, it needs to get over 22,772-773 double top at token all-time high

06 Oct 2017 10:33 am
reversing down now from 47.50 middle of the zone and going under 45.50 puts the top in place for a move back towards the lows

06 Oct 2017 10:33 am
keeps the door open for a potential breakdown day to day, or a reversal day of sorts

06 Oct 2017 10:35 am
this should be sold back down below 45-44 area before of bounce attempt if there is one and if not then major breakdown could be under way towards next support

06 Oct 2017 10:40 am
a new low for the day session and should bounce from 42.50-42 area and then come down and break that area also. A reversal this this breaks down through 42 also and gets to the 37 area which could have if things are changing – not going into trading

06 Oct 2017 10:46 am
holding just over 42.50--42 area at the moment and needs a move over 46 on this bounce and not get turn right back down or else come back down to or through 42.50 support

06 Oct 2017 10:51 am
failure at 45.25 keeps the pressure on and should go to or through 42.50-42 if the Dow can get back down to its prior pullback low. Needs to hold under 45.50-46 at the highest

06 Oct 2017 10:57 am
just want 1 tick under 42 support and turned up but should go back down there again holding under 43.50--44 area

06 Oct 2017 11:02 am
would need to get over 44 and especially 45.50 or else bounces will still be sold and could go under 42 and hold, and would be the 22,734 on the Dow cash which has 3 lows down there

06 Oct 2017 11:04 am
holding under 44 at the moment and another test of the low looks like it should be bought but if not then the ES could be in for some trouble today and next support would be around the 28-27 area

06 Oct 2017 11:11 am
down turn from just under 44 needs to take out the 42.50-42 support and low area so far and not bounce off of that and break and hold above 44, or could get a better bounce before another pullback

06 Oct 2017 11:16 am
the bounce high being a rally to the middle of the 47-48 transition zone and selling off, given the 8 straight up days and huge rally, should be more important today than holding 42.50-42 area so far., It would seem at least

06 Oct 2017 11:20 am
keep an eye on the Dow cash as it has a triple bottom at its early low and twice after at 22,734-733 to hold to stay range bound or breakdown. On top, double top 22,772-773. ES has 44.50 resistance

06 Oct 2017 11:31 am
44.50-45 area needs to be broken and then can hold on a dip for this to get turned up to test the high area possibly, otherwise back down to or through 43.50 and then 42 area if broken

06 Oct 2017 11:35 am
about in the middle of Tuesdays range and shouldn't get back up to the highs but should top out right around in here if there is going to be another break towards 42.50-42 support which was barely broken and top back up again so far. If 45 broken, th

06 Oct 2017 11:37 am
backing away and sell needs to take out 43.50 and not turn right back up for's a shot at this keep in ongoing down to or through 42.50--42

06 Oct 2017 11:40 am
with that ES going sideways it could begin to break down if the Dow continues to nudge lower and not go back up to another lower high or higher higgh very soon

06 Oct 2017 11:43 am
should continue drifting lower to or throug 42.50-42

06 Oct 2017 11:45 am
could be a break and hold and headed towards 38-37 IF the ES goes back down and it does more than a token lower low along with the Dow cash breaking quadruple bottom 22,734 area

06 Oct 2017 11:47 am
whatever happens here, there will be another drop to that zone if this bounce holds under 44.50

06 Oct 2017 11:49 am
43.50-44.50 should be strong resistance and not broken through if this is going is going to keep the pressure on to retests double bottom

06 Oct 2017 11:54 am
bounce failed and now need another move under 41.50 and hold under 43 after that alonng with the Dow breaking 22,734 area

06 Oct 2017 11:54 am
update and about 8 minutes or so

06 Oct 2017 12:02 pm
should end up breaking through this alone and down towards the 38-37 area as I don't know how many times this can be held without buyers getting antsy and billing at Lowe's or on bounce attempts. Would need to get over 44.50

06 Oct 2017 12:05 pm
or else a break under 41.50 and hold under 43.50 put to pressure on and get the Dow to eventually break its attempt to breakdown through 22,734 what held six times now

06 Oct 2017 12:11 pm
with this immediately turning up just under support along with the Dow holding its low, the market would bounce back nicely normally and especially lately and with this making lower bounce highs and dropping, chance for breakdown looking better down

06 Oct 2017 12:16 pm
should have pressure stay on holding under 43.50-44.50 area now, with a shot at a breakdown through support that can hold if the Dow can make a breakdown of some sort also to help it.

06 Oct 2017 12:22 pm
another bounce from this zone needs to get above 43.50-44.50 in order to attempt a bit more upside but should have trouble holding IF it gets there. A breakdown looks more likely and especially if one more push on the Dow

06 Oct 2017 12:23 pm
could go down to the 38-37 zone which would be major and a reversal zone if broken also.

06 Oct 2017 12:25 pm
I will be back around 1:20 p.m. and today may not be able to update during that time.. but expect bounces to continue being sold on the ES as long as there is not a good bounce back above 43.50-44.50 and then a small pullback that turns up after that

06 Oct 2017 12:47 pm
pullback from 45 needs to hold around 43.50 and turned back up to keep this going back up towards the 47-48 area possibly, instead of breaking down today

06 Oct 2017 12:50 pm
however if 43.50 is broken again, and NOT turn right back up again then 42.50 would be maximum downside or else back to their being a chance of testing for breaking the lows again

06 Oct 2017 01:04 pm
even though a quick bounce from 43, bounces are still going to have trouble holding and should continue to roll over after stalling or reversal bar after a little run up stops

06 Oct 2017 01:04 pm
this is going to open the door for another test and this time likely break of 732 on the Dow

06 Oct 2017 01:05 pm
the Dow just made a lower low and the ES should continue down to a lower low under 41.50 before any kind of bounce attempt and could keep going to or through 38-37 and reversal day

06 Oct 2017 01:08 pm
if that ES goes under 41.50 and then holds under 43.50 after that. Right now yet another pop-up from right around 42 again, keeps this from breakdown. Need feeble bounce roll over

06 Oct 2017 01:25 pm
so far another feeble bounce attempt that's stopping at a lower high and now a pullback needs to hold 43 and turned up for this to have a chance of continuing on up through 45 and a chance at a better bounce

06 Oct 2017 01:34 pm
while the ES was going sideways and topping in the middle of its range that NQ went up to just 2 ticks above yesterday's all-time high and reversed, not necessarily bullish. Would expect another run up there to be sold also

06 Oct 2017 01:38 pm
could see another test were break of the low if this cannot get above 44 in the next 5 minutes at the most it looks

06 Oct 2017 01:47 pm
so far 43 is trying to hold, but if that ES cannot pop up over 45 and then hold on a small pullback it's likely to break hundred 43 and go for the low again

06 Oct 2017 02:07 pm
appears ready to attempt a breakout on the upside if it can pop-up above 44.50 and then hold 44-43.50 at lowest after that and turned up again. Or just get above and keep going, not reverse back down through that 44

06 Oct 2017 02:11 pm
that ES could continue creeping higher if it can keep going through the 2 bounce highs at 44.75 and hold on a small pullback after that instead of another reversal back down like the last two times – not as likely

06 Oct 2017 02:13 pm
not as likely as they were earlier in the day. With the ES turning back up at 1:05 PM from 42 support and then holding 43 while going sideways has this more likely to avoid breakdown – again

06 Oct 2017 02:15 pm
we will see. A failure at 44.75 yet again and then break 44 and hold under 44.50 after and turned down again

06 Oct 2017 02:20 pm
looks like it's going to need to continue holding at or above 44 and go above 44.75 soon in order to keep this going higher, but should still have a hard time going all the way up to 47.50 high of the day at support/new resistance this morning

06 Oct 2017 02:30 pm
still needs to hold over 44 or else could be a reversal back to the downside is broken and not turn right back up again

06 Oct 2017 02:33 pm
not sure how far this logo but another reversal attempt underway on both the Dow and ES and a move back under 43 needed to put more pressure on and a shot at testing or breaking the lows one more time, will take some work though it looks

06 Oct 2017 02:47 pm
it looks like that as long as the ES now can hold 44.50-44 at the very lowest it can keep nudging higher towards the 47-48 area, and has had a habit of doing that lately. Today could be the same

06 Oct 2017 02:47 pm
although there should be some sellers not too far above here

06 Oct 2017 02:55 pm
the area around the to highs at 44.75 needs to continue holding now as this nudges higher if it's going to continue doing this below the rind and attempt 47-48 area – likely fall just shy of getting there

06 Oct 2017 02:57 pm
update and about 8 minutes. Beware of a move back down starting around top of the hour here if there's going to be a shakeout of any kind

06 Oct 2017 03:07 pm
shakeout starting right at the top of the hour and should be a top in place at 45 that is not taken out but any kind of bounce that stops under that is going to be sold to at least 44.25 which could be pivotal area

06 Oct 2017 03:11 pm
should continue to push lower holding under 45 area at the moment and could pick up momentum if 44 area is cut through

06 Oct 2017 03:19 pm
this feeble pop-up should be sold under the 46 bounce high and come back down to or likely break 44.25-44 key area at the end of the day. Must told at or above that area to avoid breakdown potential

06 Oct 2017 03:25 pm
needs to keep going above 46 on this move and only a tiny pullback after that if it's going to try getting to the 47-48 support turned resistance this morning for short to enter

06 Oct 2017 03:27 pm
breaking down again as expected here and should keep going through the 44 area before bouncing again, or a chance of getting some momentum and had back towards the low, but that would need the Dow getting hit also

06 Oct 2017 03:31 pm
with about 30 minutes to go in a record-breaking week, the ES looks vulnerable holding under 46 and unless broken above to give a decent run up into the close,but looks more likely to take out 44 and see how far down it goes, 43-42 MUST hold to avoid

06 Oct 2017 03:32 pm
have a great weekend! I will "see" you on Monday.
  


 

TradeStalker.com, Investment Advisory Service, Fort Wayne, IN

 

 


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