Mike's E-Book: "Read the Greed-Take the Money:  2nd Edition"

 

GET IT NOW!!  And get 2 FREE WEEKS of our Nightly Support and  Resistance Updates  WHICH INCLUDES access to our Live Trading Room!

This E-book graphically demonstrates, in detail, Mike's personal trade setups.

This book contains secrets
never seen before that will
stack the odds in your favor.
Learn when to enter the market and just as important, when *not* to enter.

Get the Secrets of a 30 Year Veteran Trader now!
CLICK HERE FOR DETAILS!

 


"Finding Fixed Support and Resistance"

 

Would YOU like to Learn How to Find Support and Resistance Like a 30 Year Veteran Trader?

You'll get BOTH the tutorial, AND and the Audio/Video CD-ROM on "How to Find Fixed Support and Resistance" areas for the next trading day. 

 

Click Here to Learn More!

 



 

To Sign Up for our
Nightly Support and Resistance Updates


Click Here Now

 



 

Read the Greed-LIVE!

The Ultimate Trading Course!

 

11 CD-ROMs and 3 Trading Booklets showing exactly how a 30 year trading veteran trades successfully!

 

Click Here for More Info !

 


 

RBI Trading Camp

Attend a Week of Intense Training from the comfort of your own home-In your own trading environment.


Click Here for Details

 

 

 

 

 

Daily Instant Messenger Log:
 

 

Our Products | About Us | Daily Trading Log
Free
Trading Videos
| Trading Room |
FaceBook

 

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 MONDAY - MARCH 27, 2017

27 Mar 2017 09:01 am
Good morning! We are going to have a big gap down open and could bounce a bit but should hold at or below 27-28 to keep pressure on and not get up to possibly 32-33

27 Mar 2017 09:09 am
if the ES doesn't bounce from 22 area it can go down into 18 area and possibly better breakdown made to hold 2212 or else a panic selloff and potential mini crash ppotentially towards Dow 20,000 but those moves extremely rare

27 Mar 2017 09:10 am
could bounce but selling bounces still could be the better trading today unless this turns into a trend up kind of day for some reason

27 Mar 2017 09:16 am
should be resistance around the 24 area and then 27-28 could be key if it is reached but lots of work to do to get up there

27 Mar 2017 09:18 am
I will update a little after the open unless some sort of bigger drop or a decent bounce before then

27 Mar 2017 09:23 am
unless this breaks and holds under the 22.50-21.50 major area then a chance at getting to 24-25 area which should be important on a bounce

27 Mar 2017 09:31 am
must at least break and hold 21.50-22.50 in order to try a turn around and not go under the 18 area and hold instead

27 Mar 2017 09:34 am
bounce from 18.50-18.00 support what's needs to hold on a retest if there is one by not getting over 24-25 and keep going to or through 27-28 which is a key area if point to stay uunder 31.75-33 today

27 Mar 2017 09:36 am
bounce to 24 completely reversed almost and if no bounce from 18 back above 24 headed towards 12 area possibly

27 Mar 2017 09:42 am
attempting to hold however will stick on a bounce attempt so avoid long as and expect another pop-up to get sold or just push lower

27 Mar 2017 09:44 am
it's bearish unless 27-28 is reached and then 24 holds on a dip after that which is not likely the way it looks

27 Mar 2017 09:48 am
double bottom at 18 support but needs to get through 24 and not turned right back down but keep going up to 27-28 and not turned down or else could go back to work through 18 support – now a major area

27 Mar 2017 09:50 am
backing away from 24 and needs to bounce from 22-21 in order to keep current uptrend and take out 24

27 Mar 2017 09:51 am
still in an uptrend holding over 22 right now and 27-28 next

27 Mar 2017 09:54 am
27-28 area reached and now should hold 24-23.50 on a pullback to avoid reversal of current uptrend. 31.25-33 resistance IF 28 broken/held also

27 Mar 2017 09:56 am
28.25 bounce high and a key area that must be broken and held above all day in order to be out of trouble.. Unless it is broken through and then able to hold as good support, could go down to course through the low if no good bounce from 24-23 a

27 Mar 2017 10:00 am
so for 24 held on a pullback and turned up but still under pressure under 27-28

27 Mar 2017 10:05 am
still holding 24 on the pullbacks and another test of 27-28 must not fail or else 24 would be broken instead of run up to try 31.75-33

27 Mar 2017 10:07 am
stays bearish under 27-28

27 Mar 2017 10:09 am
23.50 just was turned up however another pop-up should not be able to get through 27-28 and be able to hold

27 Mar 2017 10:11 am
23.50 pullback low, going back under 24-23.50 can continue back to 21 and if that is broken and then test or break the 18 area which is now major support

27 Mar 2017 10:13 am
if there is a move over 27-28 that does NOT turn right back down then could get to the 31.75 Friday low to fill the gap on the daily chart and also test prior double bottom at support/potential new resistance

27 Mar 2017 10:19 am
lower high on this move could lead to a move back down to or through 23.50 and possibly test 18 area or a little above is possible

27 Mar 2017 10:22 am
27-28 prior support has turned into new resistance that is pretty solid so far and must be broken through and able to hold instead of reversing or else break 24--23.50,

27 Mar 2017 10:25 am
should be sold below 27-28 on this bounce if there is going to be a break back below 24-23.50.. If 27-28 is broken instead, a pullback after that must hold 24 or else reversal back down

27 Mar 2017 10:31 am
so far 23.75 sold on this bounce at 27--28 new resistance, should be able to hold 24.50-23.50 area again even if a pullback here, or else reversal to the downside and new low on the Dow should follow

27 Mar 2017 10:36 am
the VIX spiked up to an extreme at 14.86 and dropped almost point fast, so ES can pullback from 29 token hire high but not go back under 24.50 or else reversal

27 Mar 2017 10:38 am
that 26.50 pullback low needs to hold or else mmay not get to the 31.75-33 area and instead a chance to break down again

27 Mar 2017 10:46 am
should get to the 32-33 area or higher before backing away. If it fails at that area or just a little bit below then a pullback will need to hold 28.50-27.58 area

27 Mar 2017 10:51 am
this gap day has turned into a trend up day so far, but should not stay like this all day. The 33 prior support is also about 50% retrace from Friday 47.25 last hour bounce high and this mornings 18.00 low also. Need to bounce from 27.50-26.5

27 Mar 2017 10:55 am
stalling out after bounce attempt from 28 and if broken a bounce after that should be sold as this could be a top if not headed to fill the gap at 31.75 area

27 Mar 2017 10:59 am
31.25 reached so far and should be able to get to the 31.75 Friday low or higher before a top is put in place. Gap only missed by 2 ticks and should be tested or broken through at least

27 Mar 2017 11:01 am
28 area once again a key support that could be pivotal.. Needs to hold to keep a trend up move from breaking, but would be a normal action from late by doing so

27 Mar 2017 11:06 am
this gap day has been a trend up day so far, however a "V" bottom should be retested at some point in the next 3-5 days maximum (can happen intraday of course) in most cases, and with lesser momentum to hold and not break. Needs to hold 28 or c

27 Mar 2017 11:10 am
top should be in place just under 31.75 Friday low and gap fill level and 26 area next support for a bounce could come from but not be able to hold

27 Mar 2017 11:15 am
bouncing from 28 and needs to come down through 28-27 in order to get another shakeout towards 25-24 which would be key support if reached. But still trend up move unless lower bounce high rreversed and/or 28 area broken

27 Mar 2017 11:30 am
with the ES holding over 28.50 that trend up move is still in tact and just went through the gap and reached 33 so far, should hold 31--30 on a pullback for this to keep moving higher in a trend up move

27 Mar 2017 11:32 am
33.75 high so far and the next support/nnew resistance would be up at 37.50-38.58 area tto go for

27 Mar 2017 11:36 am
32.50-31.58 area needs to hold as support again in order to keep a strong uptrend and not possibly breaking trend up dynamics. iif this gap day continues with only a lunchtime pullback of some sort, there is a chance for this to rally all day into

27 Mar 2017 11:39 am
the VIX spiked up to 14.86 and reversed 5 minutes after open and has dropped straight down 1.46 points to 13.40 so far – a stall and reversal could trigger reversal (similar Friday)

27 Mar 2017 11:41 am
37.50--38.50 need to be taken out next on this run up and not back away from there and come back under 33--32 or else could be rolling over

27 Mar 2017 11:45 am
acting a bit top-heavy finally and another pop-up should be sold into if it can hold 34--33 and not roll over and breakdown through that zone and then hold on bounce after that

27 Mar 2017 11:48 am
pre-noon-time pullback can be starting if this doesn't bounce from this 34-33 area and take out the high to keep trend up move from breaking some upside dynamics and could flip-flop up here

27 Mar 2017 11:52 am
rolling over from a top at the 36 level, 18 point bounce off of the low at support and now if the ES cannot hold the 31.50-30.50 area it can keep going to war through 28--27 which would be bad news and bigger breakdown could occur again

27 Mar 2017 11:59 am
the bounce from 31.75 should not take out 36 and hold very long. 37.50--38.50 area needs taken out just above the high and hold 36 area after or else rollover again

27 Mar 2017 12:03 pm
tthat should be a bounce high in place at 34.50 and especially coming back down through 32 area and holding on the way to or through 28-27 area again

27 Mar 2017 12:04 pm
wwell this could go back to the high now if it doesn't break that 33 llevel again

27 Mar 2017 12:09 pm
37.50-38.50 is just above and can back away but should not go very far| after that and hold 34-33 at the lowest or else topping out for a while at least after a good rally off of 2318

27 Mar 2017 12:12 pm
I am going to be away until around 1:15 PM ruffly.. I'll update if I happen to be free and an update is necessary.. At the moment, trend up move continues as long as 31.75- 31.25 zone is not broken though can be reversal at or below 37.50-38.50

27 Mar 2017 01:01 pm
a quick note: after bouncing from 33.75 on tiny pullback and just when up to 38.75,, 1 tick above prior the initial support for today. should hold 35.50 area to keep this strong trend up move going back above that area and possibly holding – – if

27 Mar 2017 01:07 pm
biggest pullback has been just 4.25 points and pullback should continue to be relatively small before turning up again for this trend up move to continue.. Should not make a lower low on 5 minute chart, 33.75 at the lowest right now, should hold

27 Mar 2017 01:15 pm
this pullback should only be 4-5 points at the maximum to keep this and a trend up mode so if 37 doesn't hold 35.58 area needs to or else the 22.50 point bounce begins to retrace from the "V" bottom this morning

27 Mar 2017 01:18 pm
market is finally beginning to act a bit differently up here, not just buyers backing away at highs waiting for tiny pullback to reenter, but a pretty good offer on the way down and should be sold on any bounce now

27 Mar 2017 01:23 pm
the 37.50 level held so far and needs to be another new high made on this move and currently not go back under 37

27 Mar 2017 01:28 pm
felt that earlier pullback was decently offered and should have a top in place for a while now and take out 35.50 at least

27 Mar 2017 01:33 pm
no higher high on the prior bounce and 39.25 bounce high needs taken out and not turned right back down to get back into bullish position.. A pullback to 35.50 would be the biggest pullback sense turning up from the low, and these broken for upside

27 Mar 2017 01:35 pm
need the waitaabout five minutes or so but bounces should continue to fail as long as this is holding under 38.50 area now

27 Mar 2017 01:36 pm
that is 39.50 area – –back again 5-10 minutes

27 Mar 2017 01:39 pm
should be headed to the 33--32 area again and that is a major area to hold over this afternoon and not in the day below that area

27 Mar 2017 01:45 pm
all pop-ups being sold low and 32 is a key area to hold or else could be better pullback instead of another bounce from that prior support area broken through and also could be turning pivotal

27 Mar 2017 01:46 pm
32 area coincides with 12:30 PM pullback low at prior support and a 38% retracement of this 22.50 point rally from bounce from "V" bottom. If broken,, could revisit 28 area or lower

27 Mar 2017 01:55 pm
biggest pullback of the day and this is currently following the EMA's on the 1 minute chart and needs to get back above 35.50--36 and keep going or only have a small pullback turned up for this move to continue higher

27 Mar 2017 01:57 pm
6.25 point pullback broke the upside symmetry and this bounce should not be able to take out the 40.50 high of the day and hold now. Bounces should begin to fail instead of hold and continue going up and still could go down to or through 33-32 a

27 Mar 2017 02:06 pm
the turnaround attempt from 34.50 needs to at least hold 36 area on a dip and get over 37 and hold that level next if going back up again. If 36 broken then

27 Mar 2017 02:09 pm
if 36 does not hold then 34.58 area needs held, or else work lower to test or break down through 32 area again

27 Mar 2017 02:15 pm
te VIX went from 14.86 about 5 minutes after opening and steady downtrend all the way to 12.80 2.04 points!)and turned up at 1:05 PM made extremes at both top and bottom today. it is bearish and would need to reverse down again for any sort of bou

27 Mar 2017 02:16 pm
32 area should be reached or broken on this move

27 Mar 2017 02:17 pm
and potentially back to 28-27 if downside gets more momentum

27 Mar 2017 02:27 pm
32.50 low so far and 2 ticks above what is important support in this area that mus hold to avoid moving down to 28--27 or lower again..bounces should continue to fail

27 Mar 2017 02:32 pm
well with the ES currently holdin at 32.50 support turned resistance turned support aagain and the last broken in the last 90 minutes market stays away from any further damage

27 Mar 2017 02:40 pm
kind of a tough call in here, as there has been anxious sellers just a tiny bit above here earlier(last time around 37-38 zone, but buyers on dips holding 33-32. unless that is taken out the market will be under some pressure it looks and a ch

27 Mar 2017 02:48 pm
all of the averages had huge gap down opens and made lows on the open on retests turning up at 9:50 AM and rallied 22.50 points in about 3 hours.1:05 PM reversal gave 38% retracement from late Friday high,, upturn should be another wide up to tes

27 Mar 2017 02:50 pm
37-38 area sold but if only a small pullback and holds 35.50-35 area it can still go up to test or break that zone again

27 Mar 2017 02:56 pm
needs to bounce from this 35.5-35.00 area or another failure at 37-38 with a chance of going back to the 34-33 area or more instead of a run up through resistance from here

27 Mar 2017 03:01 pm
turned up from 35.50 new support and made it through 37-38, needs to hold after another small pullback and turn up above 35.58 order for this to continue bouncing and avoid a reversal from up here around the high

27 Mar 2017 03:01 pm
bback in about 10 minutes

27 Mar 2017 03:14 pm
trend up action again after bouncing from the 33-32 support and needs to hold at 37 or higher in order to avoid potential breakdown. The VIX might help keep the lid on the move at higher levels when it reverses, just dropped straight down to

27 Mar 2017 03:19 pm
need to keep going through 40.50 and holding to avoid a potential double top. If it does not fail and rollover it can get to 42-43 at least. aa reversal would need to take out 37 to change things might day

27 Mar 2017 03:20 pm
reversal waving a double top holding under 40--40.50 at the moment

27 Mar 2017 03:25 pm
double top at 40-40.50 right now and needs to take out 37 and not turned right back up above 38--38.50 and hold if going to have a decent pullback from up here

27 Mar 2017 03:26 pm
38 pullback low so far so a lower low at 37 would have potential to turn the trend if not quickly turned right back up again. No damage down unless broken//held

27 Mar 2017 03:28 pm
with about 30 minutes left in regular trading hours for stocks,, there is still trend up action however this 40-40.50 zone needs to be taken out to attempt 42-43 – another reversal that breaks 38-37 should start new downtrend instead from d

27 Mar 2017 03:30 pm
the VIX turned up from 12.61 and has been marking some highs and lows lately and should have a top 10 for the afternoon it looks.. If not then a higher high should not hold anyhow

27 Mar 2017 03:33 pm
bounced off of 37, and that will be key support at the end of the day. As long as that is not broken and aand double top taken out then 42-43 possible and maybe try for the 44.75 Friday close if there is momentum and not reversal

27 Mar 2017 03:34 pm
this can stay in trend up mode into the last 20 minutes or later if 37 is not approached again and pushes above 40 without reversing on this move

27 Mar 2017 03:34 pm
hhave a great rest of your day! Take care!

 

INTRADAY LOG FOR WEDNESDAY - MARCH 22, 2017

22 Mar 2017 09:01 am
good morning. needs to get above 42.50 close from yesterday at least and hold for a chance to get to a better bounce, the pressure is still on hold going under that early

22 Mar 2017 09:03 am
no change from last nights update,, so I'll update a little bit after the open and then meet you online at 10:30

22 Mar 2017 09:13 am
unless a good uptrend develops or there is a reversal from 38 or quite a bit lower

22 Mar 2017 09:26 am
that could be a low early but if not then 33 area possible

22 Mar 2017 09:32 am
previous low and 38 broken and unless 42 broken market is bearish

22 Mar 2017 09:35 am
bounce off of 36.50 quickly turned up and should not go back down there again and hold and a move over 42 needs to hold 42 after in order to keep uptrend

22 Mar 2017 09:38 am
shorts buy to cover on early weakness and will put them on again when this bounce stalls out or around 42.25 close from yesterday with tight stops

22 Mar 2017 09:39 am
need to hold around 40 and turned up with gusto or else could go back towards the low instead of taking out 42--43

22 Mar 2017 09:43 am
has to take out 42 or pressure stays on. I will meet you online around 10:30

22 Mar 2017 09:52 am
42 was reached and rejected and unless broken and then holds after a small pullback a better bbetter move lower over could occur

22 Mar 2017 12:07 pm
after turning down from 42 Tuesday close area the ES dropped to the 33--32 support zone (per last night's update) aand then made it up to just under 48.50-49.50 at 48 before backing away and should be a top and break under 44

22 Mar 2017 12:08 pm
and test 42 area which needs to hold and give a good bounce to avoid breaking the stairstep higher pattern and further breakdown before another bounce aattempt in this two-sided action

22 Mar 2017 12:15 pm
rolling over to the 42 area which must told or else come back down towards 38 major area now and needs a bounce from there or makes test/break of the low

22 Mar 2017 12:19 pm
should hold under 44-45 on a bounce attempt to keep going down to work through 40.50 and maybe 38

22 Mar 2017 12:22 pm
I will be away until around 1:15--1:20 PM and will update at that time or sooner if I am free and update is necessary.. Bounces should still be sold under 44 down t 40.25 and could go to work through 38 key area

22 Mar 2017 01:12 pm
44 as a bounce resistance and 43.25 was reached and rejected and the ES spiked down to 36.50 just a few minutes ago and needs to get above 40.50-41 and hold or else another leg downfrom there or below

22 Mar 2017 01:17 pm
now must continue to hold over 38 again in order to get another leg up but it will be sold into also

22 Mar 2017 01:18 pm
getting above 42 and holding 41 after that and extend this back up towards the highs but likely not get that far

22 Mar 2017 01:27 pm
just backed away from the 43.25 prior bounce high again and just under 44 but if this pullback turns up from around 39.50 area then one more pop-up that happen before another decent pullback–

22 Mar 2017 01:33 pm
40.75 pullback low made a high at 43.50 and 42 has been pivotal today and as long as that holds market stays out of trouble.

22 Mar 2017 01:35 pm
should hold 42 at below us now or reversal from up here around 44.50 prior low before last breakdown

22 Mar 2017 01:40 pm
so far there was a low at support at 10:30 AM in a high 2 ticks under resistance around 11:25 AM and has been trading in between those two all day so far, if no rollover here five breaking and holding 42 a grind higher to test or break 48

22 Mar 2017 01:49 pm
44.75 was sold and was only abo 44.54 a millisecond and dropping back down under 40 could get some momentum and back to testing the 38.50--38 key area again

22 Mar 2017 01:50 pm
very quick rebound from the 40.75 prior pullback low and unless that is taken out the market stays out of trouble for a bit

22 Mar 2017 01:55 pm
market back into a selling mood now and could go right down to 38 area or be sold on a bounce if there is one.. Hundred €38 to 36.50 or new lows making

22 Mar 2017 02:09 pm
held at 38.75 and turned up to keep this from a potential breakdown towards the lows but if there is a bounce cannot get over 42 and hold then it could still be broken but needs to go through with momentum to reach the low area in very very

22 Mar 2017 02:20 pm
this keeps on having run-ups that gets sold into and with that kind of pressure on the market this should eventually come back down to four through 38 area at least maybe 36.50 and if the reversal again then test or break 33-32 major and low are

22 Mar 2017 02:28 pm
tthis should be a good short unde 42.58 and breakdown towards 36.50 if 38 does not hold on a recast sound

22 Mar 2017 02:32 pm
still holding in this range and needs to either take out 39-38 or else take out 42.50 on the upside and hold or else keep shopping around as it has been

22 Mar 2017 02:36 pm
yyet another run up to the 42.25 level this time and backing away again but should get above that area if just a small pullback turns up above 40-39.50 and not go through that area and in and up breaking down instead

22 Mar 2017 02:46 pm
one thing that was giving a buy signal for today is the string of 6 days in a row with a closing TRIN > 11.00 and 4 days in a row 1.20 r higher..it's at 1.04 right now and can late strength can get it under 1.00.. Normally happens.445.75-46.25 area

22 Mar 2017 02:48 pm
so far last bounce high at 44.75 was tested in rejected and now has to bounce from around 42 or go back down to the 39-38 area possibly, for a bit higher if staying in the range

22 Mar 2017 02:57 pm
the ES chestnuts and turned down from tha 45.25 level given earlier, and looks like 42.50 still needs to hold to avoid a bigger pullback instead of yet another push higher in this stairstep moves back up

22 Mar 2017 03:13 pm
the market has been stuck here between 43.25 the 45.25 small resistance and tiny pullback low aand if 42 is broken than could get some momentum and drop back towards 38 and then probably bounce again if reached

22 Mar 2017 03:15 pm
if they get back over 45.25 without turning right back down again then possible for a pop-up towards 48 or a little bit above

22 Mar 2017 03:19 pm
this is going to keep pushing higher now to the 48.50-49.50 resistance or higher the way it is acting

22 Mar 2017 03:28 pm
run up to the 58.75 level at the 48.50-449.50 resistance and backed away but has another opportunity to go back up there or higher if the 45-44 zone is not broken but held above for bounce from

22 Mar 2017 03:32 pm
it looks like in the last 30 minutes that, with the ES not able to break through and hold 48.50-49.50, that bounces should fail at or below that zone and breaking and holding under the 43--42 area wwhich was pivotal and where the ES closed yester

22 Mar 2017 03:39 pm
wow that is turning into an important resistance down and probably will not be broken through and held this afternoon. Chances of further breakdown appeared to be better at the moment

22 Mar 2017 03:43 pm
we could end the day trading in a range between that 43.75-43.25 and the 48.50-49.50 resistance on the top side. Just needs to hold above 43-42 in order to in the day on a decent note and not a poor note

22 Mar 2017 03:47 pm
another bounce from 43 area and should finish the day on a decent note. Have a great rest of your day

 

INTRADAY LOG FOR TUESDAY - MARCH 21, 2017

21 Mar 2017 08:44 am
good morning. I have a 10 AM appointment, but here at my house, so hopefully it can be done by around 10:30 in time start online session. wwe will se

21 Mar 2017 08:53 am
with the ES working like it is going to open over 73-72, that should be the first support area and is broken and held then 70-69 area probably needs to hold

21 Mar 2017 09:01 am
you might want to keep an eye on the VIX as a drop below 11 (especially 10.59) and turns up then prices can reverse also.

21 Mar 2017 09:10 am
if there is a move over yesterday 76 high of the day there could be a pullback from 78 or else keep going towards 82--83 possible

21 Mar 2017 09:16 am
should hold around 73 at the lowest for a reversal of some sort. I need to leave right around the open in order to be ready for my appointment

21 Mar 2017 09:18 am
and then let you know when I am back and hopefully in time for a live session. So see you in a bit

21 Mar 2017 10:56 am
I just returned and the ES has been in a steady downtrend after the early strength was reversed – and with this big reversal and only one hour for a live session I will update here

21 Mar 2017 10:58 am
my apologies about that.. Maybe it can be made up later this week. In any case, just took out 54 area and if the 50 area does not hold it can go to work through 46 – 1% drop from yesterdays close

21 Mar 2017 11:03 am
54 low at support so far would need to get back above 59.50-60 and not turn right back down to attempt breaking persistent downtrend. Otherwise a break under 54 goes to around 50-49 next

21 Mar 2017 11:11 am
on the one minute chart the 18 EMA has been a guide for resistance on bounces most of the way down so unless the ES gets back above the 57 area and not turn right back down it could be a better bounce for a bit

21 Mar 2017 11:17 am
56.25 bounce high right at the 18 EMA on the 1 minute chart again and turned down again and unless 56 broken and held still headed to work through 50-49 and could go down 1% or more to 46 or lower

21 Mar 2017 11:26 am
turning down from 18 EMA yet again at 51.75 and needs to get above that and especially 56 area to try turning this persistent selloff back up for a breather before coming down again. Pressure on still under that though

21 Mar 2017 11:32 am
wwent just above 51.75 and turned down from 52.25 and stays bearish unless broken/held down to 46 or lower

21 Mar 2017 11:33 am
could be 00 ways under that but then close the day at or below 46 in order to get a 1% down day which can finally happen the way this is actingright now

21 Mar 2017 11:40 am
the S&P 500 and NASDAQ averages are both down 1% and the Dow just under 1% and would need to close at 46 or lower for a 1% down dayon a closing basis not seen in more than 100 straight days

21 Mar 2017 11:46 am
the NQ made a new all time high at 2441 this morning and has reversed and dropped 85.75 points off its high, while the ES dropped 34+ points from top to bottom so far. noontime bounce and potential bottom but only if 52-53 broken/held on a dip. W

21 Mar 2017 11:56 am
reversal bar from 11:35--11:40 and now has to hold 47.50 to avoid breaking bad and then a test or break through the low. Resistance 52-52.50 needs broken through//hold to avoid going down there

21 Mar 2017 12:02 pm
if this is just a somewhat feeble noontime reversal that cannot get back above 56-57 on this bounce without reversing, still just a bounce in a bigger downtrend

21 Mar 2017 12:08 pm
so far 51 held on a dip and the 49-448 area at the lowest is important support to hold right now to avoid another breakdown. noontime bounce needs to break and hold over 56.25-57.25 or continue towards a major area around 62 now

21 Mar 2017 12:12 pm
56.25 was reached and backing away and now should be important bounce high there especially is 51 area broken and not turned right back up

21 Mar 2017 12:16 pm
I am going to be away until around 1:15-1:20. and will update at that time, severe only if free and update necessary. currently bearish unless 56.25 broken/held and needs to bounce from 51 or else 48.50-47.50 could be tested/broken

21 Mar 2017 12:50 pm
after stopping and turning down from updated resistance at 56.25 the ES took out 51 and now just reached 48 but headed for a move of 1% down on the close as a good possibility,, so deeper drop and bounce very much possible

21 Mar 2017 01:00 pm
the ES just made a double bottom and from 46 must told and be strong enough to take out that 56.25 level to leave a low in place and not bbe a failed bounce and go back down to//through the low

21 Mar 2017 01:20 pm
the ES only had a feeble bounce and came back down again to just above the 44.50 low aand will keep on going through that low as long as this continues holding under 49 at the highest right now

21 Mar 2017 01:28 pm
if there is finally going to be aa 1% down day on a closing basis it should finally be today after 100 consecutive days without one. That would be 46 or lower on the ES. Probably needs to come down break double bottom going to 40 area to stay under

21 Mar 2017 01:34 pm
well, the ES went 1 point under its previous low and decent bounce started and now should be bought on a pullback holds at/above 46.50-45.50 Lowest for head back to lower lows aagain

21 Mar 2017 01:37 pm
so far failure at 48.75 lower high again and needs to keep going through 45.50 for a chance to test or break the low

21 Mar 2017 01:44 pm
look for aa token lower low to be reversed back up as this should not spend much time below 45 or else would be headed to or through 40-38.50 zone

21 Mar 2017 01:48 pm
even if a token lower low right or wrong would not be a buyer as this action is very poor and could it there pocket drop toward 38.58 area

21 Mar 2017 01:57 pm
could begin to see the 46 area become resistance to hold under the 1% decline wobble on the ES. a bounce should hold under 46 area on this bounce to keep pressure on. 48.50--49.50 should be a key area is broken instead

21 Mar 2017 02:07 pm
this morning the VIX dropped to 10.94 extreme and reverse after first 5 minutes keeping the market down and overly complacent market finally getting hammered more than 1% – intraday. VIX getting stretched +13%

21 Mar 2017 02:14 pm
so far turned down from 1 tick under the 46 level which is 1% below yesterdays close,, and market acting like it might get through that level with prices stretched and sshort-term indicators stretched

21 Mar 2017 02:20 pm
should hold 44.50-443.50 at the lowest in order to keep rally going and not come back down again as a low should be in place

21 Mar 2017 02:27 pm
so far 48 was reached and backed away to 44.50 which has been holding as a pivotal support in here, and if broken than a bounce that follows should have trouble getting through 48 and. Hold under 46 if downside momentum picks up

21 Mar 2017 02:35 pm
need to take out 48 area and hold at or above 46 – which could be pivotal – on a pullback to have already turned the corner with a low employees and "normal" rally

21 Mar 2017 02:40 pm
there was and 11.75 point bounce into just after noon and an equal bounce would be up to 51, and unless 51 also broken then this 2 PM reversal could be topping and test/break 46 again

21 Mar 2017 02:46 pm
yet another failed bounce attempt,, and this is end up closing down 1% across-the-board after all. Just continue to short any bounce that stalls out. 51 should not be broken/held

21 Mar 2017 02:50 pm
there will likely be some buyers down around the lows if reached, or above. But if there is a lower low then watch for a potential reversal back up from the 38 area. At the moment 44.50 important to hold above to avoid that move

21 Mar 2017 02:58 pm
46.25 1% drop level was tested and rejected and this bounce should also fail but need to go under 43 and hold down there for further breakdown.

21 Mar 2017 03:15 pm
the ES keeps having trouble around 48.50 area and is trying to hold just over the 46 level which could be important today..needs to take out 51 and hold or else still under pressure anchored make a push lower instead of late run up for that 1%

21 Mar 2017 03:24 pm
finally going under 46 and would need to take out 48.50-49.50 bounce highs made sense 2 PM to get short covering run up. Without that buyers would have a hard time getting it to breakout/home

21 Mar 2017 03:28 pm
in the last 35 minutes the ES looks like it needs to continue holding 46-45.50 and gets above 48.50-49.50 and hold iin order to avoid a drop back towards the lows before closing today

21 Mar 2017 03:29 pm
if the ES happens to get through the 48.50 area and can hold then 51 means taken out next to be getting turned back up

21 Mar 2017 03:31 pm
have a great rest of your day. I will meet you here tomorrow morning after you read the nightly update. Until then take care

 

INTRADAY LOG FOR MONDAY - MARCH 20, 2017

20 Mar 2017 09:13 am
good morning. That could be a bounce from 72-71 zone but not be able to get above 75.25 Friday close and hold, or it could be trying to test or break 77.50-78.50. more likely to test or break 67--66

20 Mar 2017 09:21 am
looks like a run-up from 72-71 could happen but not be out of any trouble unless a move over 75.50 and especially 77.50-78.50. I will update a little bit after the open. Should be bounces sold today

20 Mar 2017 09:33 am
holding under 72.75 low from Friday and early high keeps pressure on to test or break 67-66

20 Mar 2017 09:37 am
has to still gets above 72.75 or bounces are retracements that fail until 67-66

20 Mar 2017 09:45 am
to even try having a low in place needs to take out 72 and hold around 71 if there is a dip after that and gets turned up again through 72.75

20 Mar 2017 09:47 am
771-72 now acting as resistance and unless broken and held downtrend in tact

20 Mar 2017 09:51 am
should make a move to or through 72.75 on this move or else make a new low after failing under the high and coming down to/ through 71 and holding under 72 after that

20 Mar 2017 09:52 am
so holding under 72 and in less that is taken out headed to test or break lows

20 Mar 2017 09:57 am
successful retest of the low so far and needs to get through 72 and not go back down there or else will go down to the 67-66 before another bounce possible

20 Mar 2017 10:03 am
ES still should get through 72 and hold over 70.75 at the lowest after that to get a move to test or break 78.75 which is going to be a key area to get above to avoid potential breakdown

20 Mar 2017 10:07 am
could not go back down to the low but bounce right back instead and unless 70.50 broken and not turned right back up this can chop up to or through 72.75 key area

20 Mar 2017 10:09 am
this pullback from 72 new resistance needs to hold 70.50 or else a top instead of making a low already

20 Mar 2017 10:16 am
should not go back under 72 and hold now or else reversing. 74.75-76 Friday closing range would be next resistance

20 Mar 2017 10:23 am
75.50 reached and now must hold 74.50 else could test 73 which should be a key support

20 Mar 2017 10:28 am
has to get over 76 area and hold as it is about 50% retracement from Friday afternoons high and top of Friday's closing range

20 Mar 2017 10:29 am
so far however just a very gentle pullback and should get another push higher,, and need to hold 75 if a break over 76

20 Mar 2017 10:34 am
pullback must told 73.50-72.75 and turned back up or else could go back down to more through 70.50 maximum pullback support to avoid bigger breakdown

20 Mar 2017 10:37 am
73 reached so if no bounce back to or through the high on this move a breakdown below 73 could mean a test of 71-70.50 higher lows which must told or better breakdown in that case

20 Mar 2017 10:45 am
so far the ES bounced back 50% from its drop off of the Friday high to this morning low, and so far pulled back to 73 and must hold their and take out 76 without turning right back down

20 Mar 2017 10:46 am
73 area is going to be a pivotal area and should stay bullish unless broken but reverse if it is taken out on another pullback. Next resistance 77.50-78.50 if no double top

20 Mar 2017 10:55 am
ffailing after token higher high which should be a top and must hold over 74.50 at lowest, which if broken could mean going back down to or through 73 pivotal area

20 Mar 2017 10:58 am
should be sold on any kind of bounce attempt now and head back down to or through 73 pivotal area

20 Mar 2017 11:00 am
pullback bouncing from 74 and needs to take out the high at 76 with gusto, not a slow token higher high getting reversed again

20 Mar 2017 11:04 am
bbounce sold at a lower high and pattern will turn bearish if 74 broken and not turned right back up now

20 Mar 2017 11:07 am
74.25 held so far but if it does much lower then trend could be breaking instead of another push up towards the highs again

20 Mar 2017 11:09 am
rright now with 2 and possibly a third pullback from around the 75.50--76 area which is Friday close and 50% retracement from Friday afternoon top to this morning's low cluster of resistance

20 Mar 2017 11:11 am
that the moment, the way the market is acting, it's topping or has topped and should come back down to the 73 area or lower

20 Mar 2017 11:17 am
could be a bounce attempt from 73 but if not much and 71--70.50 is reached on this move then another bounce after that should also be sold and likely from around 73 area if that happens

20 Mar 2017 11:23 am
all bounces failing and should or through 71-70.50 where it must make a quick reversal to avoid a breakdown through the low and possibly go to 67-66

20 Mar 2017 11:34 am
bounce to the 50% retracement at 76 along with Friday's close at 75.50 put a lid on the bounce attempt after poking up there 2-3 times and now a pretty steady downtrend could be broken only if a above 73.75 and hold 73 on a dip and turned back up a

20 Mar 2017 11:39 am
must bounce off of 72 or higher and take out 73 and hold and keep going above 74.25 to get bounce going from pullback to 72 support area

20 Mar 2017 11:49 am
so far holding 72.25 which was a bounce high before breakout at 10:10 AM and held now on a up and should end up being a transition area, needs to continue holding as support and get above 74.25 was some gusto so it can hold if headed back up to a l

20 Mar 2017 11:58 am
74.25 broken by 1 tick and backed away and could head back down to 72 area instead of testing the highs

20 Mar 2017 12:04 pm
could be a decent sized pullback with the Dow turning down from a double top and the NQ rolling over from higher highs also

20 Mar 2017 12:06 pm
needs to get over 74.50 and not turned right back down from that level in order to attempt breaking above dynamic support on the chart along with 60 EMA on 5 minute chart (RTH only)

20 Mar 2017 12:12 pm
the ES is currently in a range between 74.50 and 72.25 and needs to take out 72.25 for a potential breakdown, or run up above 74.50 for a potential run up to four through 76 high

20 Mar 2017 12:15 pm
probably just best to consider this a short under 76 with this failing on all bounce attempts and fairly narrow range so busstop is it to wide

20 Mar 2017 12:19 pm
72.25 broken so any bounce should hold at or below 73-73.50 at the highest two get down to work through 70.50,,or the 69.25 low on the way to the 67-66 area at some point

20 Mar 2017 12:20 pm
I will be away until around 1:1-1:20 PM and will update before then only if I am free and it's necessary

20 Mar 2017 01:15 pm
another bounce another bounce that failed at 74.25 and another pullback to 71.50 again so far and if broken then 70.50 must told or else headed to lower lows

20 Mar 2017 01:22 pm
the VIX started dropping with prices until it reached 11.03 and turning up at 10:30, when it finally turned up from that short-term extreme and is back in sync going going opposite of prices now. that is bearish, even if a decent bounce it would p

20 Mar 2017 01:28 pm
at the moment this is a double bottom instead of a lower low, the ES had been making lower highs and lower lows, so unless 71.50 is broken very soon like it should be, then could pop-up one more time but not break above 74.25 or the dynamics can be c

20 Mar 2017 01:35 pm
trying to make a run up now instead of a breakdown and needs to get above 74.25 or else another failure could end up with a break under 71.50

20 Mar 2017 01:38 pm
failure off of a small bounce as the Dow cash continues to be week and if it happens to breakdown this afternoon the ES would likely go down to the 67-66 area or lower

20 Mar 2017 01:44 pm
the Dow needs to go down to 20,894 tto reach its early low so as long as this cold at or below 70.75--71.50 iit should go to at least 67-66,, and if no turned their than major area today 60.50-59.50 not impossible

20 Mar 2017 01:50 pm
67.25 low so far however the Dow still could go farther and same with the NQ and keeps the door open for another push lower as long as 69..50-70.50

20 Mar 2017 01:58 pm
so far holding just 1above 67-66

20 Mar 2017 02:01 pm
the ES so far held th 67-66 zone has not been very strong yet and needs to get above 70.50-71.50 on this bounce to try stopping the downside,, but if not broken through and held than one more leg down before this move is over. Could drop until the

20 Mar 2017 02:01 pm
the ES so far held th 67-66 zone has not been very strong yet and needs to get above 70.50-71.50 on this bounce to try stopping the downside,, but if not broken through and held than one more leg down before this move is over. Could drop until the

20 Mar 2017 02:16 pm
should not take out 70.50--71.54 else it will be out of trouble and should not come back down to test that zone again later. The failure at that area could start another pullback instead

20 Mar 2017 02:21 pm
this area is where there should be another rollover if there's going to be one.. Should not take out 70.50-71.50 if going to do that

20 Mar 2017 02:29 pm
ES is in a zone where it should roll over from but needs to go back under 69.50 in order to get things going again on the downside

20 Mar 2017 02:34 pm
this move back up as almost no slope to it and needs to take out 71.50 and hold over 69.50 at the lowest to avoid breakdown to test or break the low would be possible

20 Mar 2017 02:38 pm
rolling over from the 70.50 resistance can test 67--66 but is broken through there is a shot at the 60.50-59.50 zone if this continues today without a double bottom at support

20 Mar 2017 02:41 pm
67-66 tested again as the Dow finally takes out its early low, and could bounce here but fail under 70.50 to keep this failed bounce at lower highs iis going to continue

20 Mar 2017 02:43 pm
better trades on the short side with support zones for targets, and with the low turning up at 2:40 with a double bottom, the ingredients for late day run up presents – but won't happen unless 70.50 broken, make a lower low

20 Mar 2017 02:46 pm
the ES has made lower highs and lower lows all day and will be bearish as long as 70.50 is held below for now and breaking this double bottom could go to 65.50 area where a low was previously or keep going towards 60

20 Mar 2017 02:49 pm
there was a gap down open and mostly a trend down day with lower highs and lower lows and a couple of fast drops, and breaking down should keep going until last 20-10 minutes of trading, or possibly into the close

20 Mar 2017 02:53 pm
there is some minor support down here at the 65.50 low, aand that could be a low area unless this is going to stay in trend down mode until the last 20 minutes or so

20 Mar 2017 02:55 pm
iif the ES also goes through 65.50 then it's probably headed down to at least 62 and if that doesn't hold then further breakdown if the 59 level does not hold.

20 Mar 2017 02:59 pm
if this bounce from the 65.50 updated support level keeps going. Needs to get above 68-68.50 at least and hold on a tiny pullback and turned up again and take out that 70.50-71.50 zone,, a major support now

20 Mar 2017 02:59 pm
update and about 10 minutes

20 Mar 2017 03:16 pm
still moving higher and so far reached 69.50 and holding over 68 area keeps his out of trouble and could make a higher high over 70.50-71.50 in order to keep the last hour rally from failing

20 Mar 2017 03:18 pm
70.5-71.50 area is new cube resistance to get over and then hold 70.50--70 before turning up ffor this to keep going

20 Mar 2017 03:23 pm
another fail bounce attempt if this cannot take out 71.50 and then hold around 70 area aand turned back up with gusto from around that area

20 Mar 2017 03:29 pm
it looks like the ES Nice to hold over 70 area in the last 30 minutes or there could be a little bit of a pullback before another bounce attempt.

20 Mar 2017 03:33 pm
the VIX went from 11.03 up to 11.48 at 2:55 PM, the market could go a bit further but if that gets down to 11 area late today or tomorrow and reverses would be bearish. A chance for this to make it to the 73 area,, but have trouble around there i

20 Mar 2017 03:33 pm
have a great rest of the day. The update tonight and then meet here tomorrow morning. Take care!

 

INTRADAY LOG FOR MONDAY - MARCH 13, 2017

13 Mar 2017 09:10 am
good morning. if this early strength holds it should be sold into like last week's action. However a pullback that holds the 65 area and bounces can keep this in a good uptrend

13 Mar 2017 09:13 am
so there's no real change from yesterday afternoon update. The 69.50-70.50 the initial resistance needs to hold if broken

13 Mar 2017 09:16 am
69.50--70.50 needs to be broken and held to keep uptrend from Friday going. I will update the little bit after the open.

13 Mar 2017 09:32 am
Friday close at 68.50 needs to be broken and not turned right back up or else take out 70.50 and hold 69.50 to have a potential breakout higher

13 Mar 2017 09:36 am
needs to hold 70-69.50 or that is a high for a while

13 Mar 2017 09:39 am
top in place for a while and if not then a token hire high should be sold

13 Mar 2017 09:46 am
a hold under 68.50 needed to have a break down to 65.50-64.50 first fixed support. a move over 70 that can hold on a dip needed to attempt test of the high and avoid breakdown at least for a bit

13 Mar 2017 09:51 am
so far bounce from 68.25 failed to break 70.50 and 68.50 should be broken and keep going to work through 67 in order to test or break down further

13 Mar 2017 09:59 am
bounces heat failing and breaking 68.50 can keep going to work through 67 possibly key area at 65.50-64.50

13 Mar 2017 10:02 am
should not see 72 for the rest of today or else price action dynamics are changing. Should hold at or below 69.50-70.50 The highest

13 Mar 2017 10:06 am
pop-up sold at 69 and still needs to get through 69.50-70 and be able to hold over 70 (which it could not do before breaking down last week) or keep going to go through 66.50 maybe 64.50 key area

13 Mar 2017 10:11 am
should be a low and for a try to get back over 70 and hold and must not turned right back down from that area but hold instead

13 Mar 2017 10:15 am
ES held just above 66.50 updated support and quickly turned around with buying coming and 40 minutes after open. however if there is not a hold over 70 another pullback must bounce from 68 area or could take out that low

13 Mar 2017 10:17 am
still has to get over 70 and hold in order to get a better bounce, not repeated failure to hold over 70 Mike last week

13 Mar 2017 10:19 am
70 sold and unless broken and held it still vulnerable for another drop to test for break the low instead of trying for the high over higher

13 Mar 2017 10:25 am
could not get over 70 and hold but rejected it instead and now a tiny double bottom at 67 that should be broken and test the 65.50-64.50

13 Mar 2017 10:31 am
another bounce from 67 making a little double bottom again and this one has a better chance of holding but still needs to get over 70 and hold and not turned right back down

13 Mar 2017 10:36 am
packing away just under 70, if there's going to be aa chance to move over 70 that sticks then this pullback needs to hold 68-67 area and turn up with some gusto

13 Mar 2017 10:41 am
coming back down and should take out double bottom at 67

13 Mar 2017 10:43 am
must take out 70 and hold for this to both get out of this current trading range and also bigger picture had been having trouble breaking and holding over 70 longer than 15 seconds

13 Mar 2017 10:46 am
selling has been coming in at 69 aand should take out 67 on a third try

13 Mar 2017 10:50 am
bounces should continue to fail at or below 68.50-69 if this action is going to continue moving in a choppy downtrend to test or break the 65.50-64.58 area

13 Mar 2017 11:01 am
third bounce from 67 was just sold at 68.50 updated resistance and should hold under 68.50-69 in order to break through 67 down to 65.50--64.50 or lower

13 Mar 2017 11:11 am
Dow now flat instead of downtrend. ES has to get to work through 68.50-69.50 and not turn right back down and hold under 70 again. It is range between there and 67 for now otherwise until break of the range holds

13 Mar 2017 11:16 am
failed/sold at 68.25 and under the 68.50-69.50 zone it must take out and hold to avoid breakdown to or through 65.5-64.50

13 Mar 2017 11:23 am
lower low at 66.25 so far and 66-65 area can be reached before another decent bounce attempt MIGHT happen, but likely countertrend bounce and back down if that happens

13 Mar 2017 11:31 am
65.50-64.50 zone was missed by just 1 tick so far and a countertrend bounce and then should be broken through after that

13 Mar 2017 11:36 am
reached the 65.50 target slice support and should not go through the 65.50--64.50 zone easily. Unless this comes back down from 67-68 area probably at the highest. Might have a chance to break if not broken

13 Mar 2017 11:47 am
resistance at 68.50 that needs cleared and then only a small pullback after an order to keep uptrend from support any gear

13 Mar 2017 11:52 am
67 should continue holding for uptrend to stay intact

13 Mar 2017 11:55 am
only a 6.50 point range for the ES so far, needs to hold 67 and take out 68.58 area for a shot at the 70 level again, which if finally broken and held instead of reversed this could be a run to the highs

13 Mar 2017 12:02 pm
now the 69-68.50 area that needs to hold on a dip and turned up to keep this headed to work through 70 that would need to hold for a run to work through 72 and possibly 74-75 but would take some work

13 Mar 2017 12:10 pm
stalling just under 70 and needs to bounce fro 68.50--67.75 at lowest and quickly turned back up from there or else another failure at 70 could lead to another dropped towards the low area at support again

13 Mar 2017 12:17 pm
it is looking like this 68.50 Friday close area can be pivotal and just broke and then last able to take out 70 and hold the market space under pressure even if another bounce from the initial support oor higher

13 Mar 2017 12:18 pm
I will be away today until around 1:15--1:20 PM and will update before then only if I am free and there is something happening that needs an update beside what has already been given

13 Mar 2017 01:19 pm
66.50 held on the reversal down from 70 and held 1 point above 65.50-64.50 key support and if this move back up from this 67.25 pullback low does not get above 68.50 level and hold that 68.50 Friday close then still is a bit vulnerable although ano

13 Mar 2017 01:32 pm
the NQ jjust coming off of a double top while the ES heading for 65.50-64.50 low or lower, must reverse their again or else breaking this 6.50 point range on the downside and could go to next support

13 Mar 2017 01:39 pm
this could chop sideways in this 65.50 support and 70 resistance, but without the stronger NQ making another run up (stopped just under all-time high so far) it will be hard for the ES to get back above 69-70 this afternoon

13 Mar 2017 01:56 pm
so far pullback lows at 66.50 an 66.25, staying above the 65.50 low at support zone which is bullish, but twice turned down from 70 and just under the high 72 high which is bearish. must take out 70 to try for 72 or 66.25 to try for 65.50--64.50

13 Mar 2017 02:03 pm
needs to get to the 68.50 Friday close and keep going through 70 without reversing again for this move to try to extend on the upside and not another pullback start around here

13 Mar 2017 02:15 pm
another small pullback being bought and the lows have been well defended today,, and now might have a shot at 70 again this afternoon to see if it can get above and hold that level if this action continues and it is reached

13 Mar 2017 02:26 pm
kkeep an eye on the NQ at the 5394.50-5395.50 zone where it's about to break through and if so could go for its 5400 all-time high with the ES heading up to work through 70

13 Mar 2017 02:29 pm
across-the-board breakout on the upside and should hold 68.50 area on the ES and 5394 area on the NQ in order to keep strong uptrends and not another pullback from up here

13 Mar 2017 02:33 pm
68.50 held and turned up on a dip,, and should continue holding 68.50-68 at the lowest in order to keep a strong uptrend and get to and through 70

13 Mar 2017 02:42 pm
so far missed 70 by 1 tick and turned away, however if a pullback holds 68.50-68.00 area and turns up, then another push higher

13 Mar 2017 02:45 pm
next update in about 10 minutes or so. Still need to bounce from 68.50--68.00 or else breaking and holding under that area again would put this back into a downtrend instead of uptrend. NQ missed all-time high by just 1.75 points so far

13 Mar 2017 02:55 pm
in this still small 6.50 point range the ES pulled back to 68.25 and turned up,, and needs to hold that area work could go to 67 or lower. Certainly looks like it holds unless NQ breaks down under 5394.50 and not bounce back

13 Mar 2017 03:05 pm
barely backing away from 69.75 just under 70 again and should be able to get through and hold at the end of the day the way this is acting at the moment..

13 Mar 2017 03:06 pm
the NQ also needs to make a higher high above 5400,, or else it could be making a bigger picture bearish pattern today

13 Mar 2017 03:10 pm
should hold over 68.50 the rest of the day and all of the small pullbacks should get bid back up. The NQ needs to take out 5400 also and in the day above 5394.

13 Mar 2017 03:15 pm
coming off the very extreme oversold condition on my indicators, along with the ES being sold early still but bottoming at could support 2 days in a row than rallying bigger picture bullish.. Should keep holding on dips and go to or through 72

13 Mar 2017 03:17 pm
this could come back to the 69 level, should not go much further or else will break through 68.50 which could mean bigger drop before a bounce again

13 Mar 2017 03:32 pm
looking like the ES needs to continue holding 68.50-68.00 area to keep this in an uptrend in the last 30 minutes and avoid what could be and end of day breakdown o some sort if 68.50-68 broken unless that it becomes resistance on bounce or or s

13 Mar 2017 03:36 pm
have a great rest of your day. We have fed day on Wednesday, and coming off such a deep oversold condition, the market should avoid a decent drop. stays out of trouble holding over 68.50-68, not breaking/holding under that and of day

13 Mar 2017 03:36 pm
take care

 

INTRADAY LOG FOR THURSDAY - MARCH 9, 2017

09 Mar 2017 09:11 am
good morning. There could be a bounce but it should not be able to hold like the other bounces lately, as things change since a week ago

09 Mar 2017 09:15 am
wwith my indicators at oversold extremes and the VIX jumping yesterday, we will likely get two-sided action but don't expect bounces to stick. Needs to at least get back above 68.50 and not get turned back down to begin with

09 Mar 2017 09:25 am
already showing inability to hold on last two level bounce attempts here and should do the same if a run up on the open. the live session needs to wrap up around 11:30 AM this morning but after updating after the open arm each unit at 10:30

09 Mar 2017 09:33 am
would need to get back abov 94.58 area and hold back on a dip after breaking through and set of coming right back down or under pressure still

09 Mar 2017 09:40 am
64.50 needs to be broken through and able to hold or else another drop –instead of a run up to around 65.50 and not be able to break//hold 67.50-68.50 if reached

09 Mar 2017 09:49 am
needs to take out 67.50-68.50.. 64.50 important support that needs to hold for oversold bounce to avoid trouble

09 Mar 2017 09:51 am
backing away just under 66.50 and needs to bounce from or above 65.50--64.50 for a chance to get through

09 Mar 2017 09:55 am
65.50 held and 65.50-64.50 should be a key and pivotal area to hold in order to keep from reversing current oversold bbounce

09 Mar 2017 09:56 am
another failure and needs to break 65.50-64.50 or else there could be another run up instead of breaking down from this resistance

09 Mar 2017 09:57 am
I will meet you online around 10:30

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


09 Mar 2017 12:02 pm
that ES just turned back down fro the 67.50-68.50 zone which was only held above for a short while before rolling over earlier and unless 68.50 broken and then able to hold, like yesterday at 72 should continue being sold at or below

09 Mar 2017 12:05 pm
the ES has made higher highs and higher lows, while the Dow cash has just the opposite pattern with lower highs and lower lows. Dow cash needs to take out 20,884 at minimum for a breakout higher there– bearish unless broken with 68.50 also broken

09 Mar 2017 12:08 pm
another pop-up sold into and a break under 64 should mean another bounce fails or else downside picks up momentum instead

09 Mar 2017 12:15 pm
yesterday I mentioned to be short something for a further drop and it looks like the double bottom at 61.50 this morning might be an important low, so went keep stopped at 68.50 which should not be seen if going back towards the lows or lower

09 Mar 2017 12:19 pm
would like to have had covered on lower open around 58. could still get there if a break under 64-63.50 that does not bounce back with some gusto

09 Mar 2017 12:48 pm
quick note, with the ES bouncing from 63.75 and the 64-63.50 news support this move should get above 65.50 with only a small pullback after that and order to have a low and better bounce coming

09 Mar 2017 12:56 pm
with the employment numbers out tomorrow the market could get hammered for have a good run up in the position it is in at the moment,,

09 Mar 2017 12:59 pm
so if short from yesterday with ES bbacking off of the 72 around 70 just cover now at 65 (or better) and wait new set up tomorrow. If you want to stay in and trailing stop for 68.50 should not be reached to keep this in good downtrend

09 Mar 2017 01:13 pm
I have my elevator being repaired and its in the back of my office and a bit loud and somewhat tied up so how update when possible. Right now another film bounce if a break under 65.50 not turned right back up

09 Mar 2017 01:27 pm
another failed bounce attempt and the Dow cash should make a lower low and take the ES back to 64-63.54 just above which must told or else bigger breakdown underway maybe to the 58 area but doubtful today at least at the moment

09 Mar 2017 01:33 pm
58-57 is entirely possible the way it looks as long as this goes under 63.50-64.50

09 Mar 2017 01:54 pm
bounce from 61 first support to 63.50 updated new resistance was sold back down to 61.50 and unless 63.50-64 is broken above and able to hold then the next breakdown would go to 58-57 area

09 Mar 2017 01:58 pm
should be headed down to 58-57 now on this breakdown through 61 not immediately reversed – or just holds under 63.50 after

09 Mar 2017 02:01 pm
61 tested but will be broken also… Cannot get over 63

09 Mar 2017 02:03 pm
if a breakthrough 58-57 then there could gets momentum and keep going towards 53-51.50 major area or a low above

09 Mar 2017 02:06 pm
58-57 zone has been reached and could bounce but stays under pressure unless they moved back above 61 area that is able to hold and not be rejected.. It's acting like trend down action today

09 Mar 2017 02:14 pm
56.50 below so far and if this falls under 58 area it's on its way down to 53-52 or lower

09 Mar 2017 02:19 pm
54.00 low so far and just above important area just over the 50 level.. Needs to hold and get back above 57.50-58.50 and be able to stick if reached

09 Mar 2017 02:23 pm
iif there is going to be another like down then the ES short-term back down from 57.50-58.50 area and holds

09 Mar 2017 02:27 pm
with the ES just missing a key support area and turning up,this these to make a good comeback at the end of the day and go back up through 58 area and hold and keep going through 61 on the close..it still looks ugly otherwise

09 Mar 2017 02:30 pm
58.75 one sold instead of holding and pushing higher so another move back down towards the lows can happen on a move back under 57 not turned right back up

09 Mar 2017 02:35 pm
all bounces have been failing and this one coming from 1 tick above 58.50 updated resistance, and unless 58.50 broken/held and keeps going through 61, back to test or break 54 and test 53--52

09 Mar 2017 02:41 pm
still acting like a trend down day and pressure will stay on holding under 58

09 Mar 2017 02:48 pm
looks like that the ES may have bottomed and just above what looks to be a major area. If this can get back above 58.50 and not get turned back down again, then could get going towards 61 which needs to be cleared/held

09 Mar 2017 02:59 pm
so far made it back to 59.50 and needs to run up above C1 and then hold over 58.50 after that in order to keep this bounce knowing and not reverse late in the day

09 Mar 2017 03:00 pm
that is gets above 61 and then hold 58.50 area on a dip

09 Mar 2017 03:07 pm
so far 61.25 was reached and could be an important below if this can close the day back above the 62--63 area or higher,, not top out here and fail in the last hour

09 Mar 2017 03:12 pm
60 held on a dip and almost back to 63.50 area which also needs broken through for this to keep going on a good run before another pullback of some sort

09 Mar 2017 03:13 pm
pullback of some sort should occur from this 63.50 area and should not go back under 60 and hold for a long or else current uptrend breaking

09 Mar 2017 03:16 pm
in the last 45 minutes the ES will need to hold over 60 in order to keep this could uptrend off of 54 going and avoid any kind of late day reversal

09 Mar 2017 03:21 pm
should have an important low in place before the employment numbers in the morning with the ES "V" bottom 1 point above the top of a major support zone. can be revisited though

09 Mar 2017 03:24 pm
a good 9.75 point bounce very similar to the other failed bounce attempts, and needs to hold 61--60 at the very lowest or else still don't believe this is completely out of trouble just yet

09 Mar 2017 03:25 pm
have a great rest of your day. I'll send you a quick update tonight and then meet you here in the morning. Until then, take care!

 

INTRADAY LOG FOR WEDNESDAY - MARCH 8, 2017

08 Mar 2017 09:08 am
good morning. with my internal gauges very oversold and the ES coming down to where it blasted off from a week ago on Wednesday the market probably gets two-sided action – 72 needs broken and held

08 Mar 2017 09:13 am
this early strength should be sold and 68 and 66.50 is minor support that needs held to hold over 64.50-63.00 major area.

08 Mar 2017 09:23 am
68 area should be a key support or pivotal area if an early pullback white there should be and if no bounce then 66.50 needs to hold

08 Mar 2017 09:34 am
strength on the open sold from 70 down to 68 support turned back up and has to take out 68 and hold to get back into the downtrend at least to 66.50

08 Mar 2017 09:40 am
reversal up from 67.75 level and now would need to take out 72 or else come back down and would need to hold 68 or else top would be in most likely

08 Mar 2017 09:41 am
could make one more run up if 69 continues to hold but should be hard to get over 74 if 72 happens to be broken and not sold below that level

08 Mar 2017 09:45 am
should hold 69-68 in order to avoid topping out. could get to work through 72 which can be pivotal if broken and 74 is reached, would need to hold them

08 Mar 2017 09:47 am
getting oversold bounce and should take out 74.75 and then possibly reverse or else does keep on going to th 78.50-79.50 major area

08 Mar 2017 09:47 am
doubtful.. Should be sold before then

08 Mar 2017 09:49 am
needs to hold 71-70.50 at the lowest and turned up in order to get another run up attempt and not top of instead

08 Mar 2017 09:50 am
I will meet you online around 10:30

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


08 Mar 2017 12:03 pm
the ES poked above 72 and was rejected and then at 72 was rejected and last was 71.50 being rejected and finally rolling over. This needs to take out 68-69 to take pressure off

08 Mar 2017 12:11 pm
68.75 was rejected and unless 69 broken and held on the other went down to test were break the low still possible

08 Mar 2017 12:16 pm
if no bounce from 66.50 it could go through the 65.50 low down to 64.50-63 aarea or lower

08 Mar 2017 12:19 pm
66.50 should continue to hold to avoid a potential breakdown to or through the low and try getting over 69 area to avoid what could be another push lower yet

08 Mar 2017 12:19 pm
I will be back at around 1:15-1:20 PM and will update at that time or sooner if possible

08 Mar 2017 01:08 pm
that ES has been nudging higher making higher lows and higher highs on the way up and means you hold 68 in order to keep this grinding higher and try to get above 70 and stay there, not reverse

08 Mar 2017 01:19 pm
the ES just broke out over the 69.50 level that was pulled in the market down and that should hold as nnew support if it gets that far, and should be able to take out 74.75 high from yesterday before a pullback from this move if 69.50 is not brok

08 Mar 2017 01:23 pm
the 72 level still has not been held above for longer than a few seconds today and I must get through 72 area is and not turned right back down a fifth time

08 Mar 2017 01:30 pm
this pullback should not go to mmuch further for turning up again if there is going to be another from up to or through the 72 area instead of breaking through 69.15 and potential further breakdown

08 Mar 2017 01:32 pm
aa chance at the 74.75 area if 72 is able to hold after being broken through

08 Mar 2017 01:34 pm
ffifth time of testing 72 through and hold or else another failure and break down to/through 69.50 would need another top in place. Instead of oversold bounce continuing

08 Mar 2017 01:43 pm
should be on the way to the 74.75 area if this can't get over 72 on this move and finally stick.7 0.25 pullback low turned up, must told 70-69.50 on a reversal instead

08 Mar 2017 01:45 pm
aa short wwith a stop just over 72 as that has been holding this down long enough

08 Mar 2017 01:46 pm
and should pullback to or through 70.25-69.50 there's going to breakdown instead of being bid back up again

08 Mar 2017 01:48 pm
that is a target. Key sold this around 71-70.50,, the 69.50 area or lower should be reached on this move and could go further holding under 70.75 on a bounce attempt turning back down

08 Mar 2017 01:52 pm
69.25 reached and quickly turned back up, but might not last long if this holds under 70.50 area Now as pressure should stay on the last broken back above/held

08 Mar 2017 02:07 pm
this 69.25 pullback low is going to be important it appears as it has been holding but will be broken if the ES holds under 72, and there would be small support around 68 area before the lows

08 Mar 2017 02:08 pm
bounces have not been sticking yet again with 72 being a problem all they and bearish unless broken through and held above. Just starting to break down further and should go for the 68 area or lower – –update and about 10 minutes.

08 Mar 2017 02:12 pm
68 was reached easily going to 67.50 so far and still should be a further breakdown and with the low at 65.50 a lower low would be around the 64.5-63.00 zone and key area that could be reached

08 Mar 2017 02:15 pm
if you don't have some put options or short in some fashion (simply hold the ES or trade ETF's) consider doing so, bounces continue failing and will be a 1% down day someday soon

08 Mar 2017 02:19 pm
almost to the low and breaking through 65.50 probably would keep going to or through 64.50 low from yesterday and a key support area. Need instant reversal to avoid

08 Mar 2017 02:27 pm
63.75 low at support zone should get a good bounce back above at least 66 area and hold in order to avoid further downside here

08 Mar 2017 02:30 pm
that major support area is a "must hold" zone where that ES just turned up from, and must hold or else bigger breakdown to or through 58 area

08 Mar 2017 02:37 pm
only a feeble bounce turning down at 65.75, and needs to get over 66 area and hold at or above that level on a dip to try a turn around or go back to test or break the low

08 Mar 2017 02:50 pm
a bounce to 66.25 was sold but still holding the 64-63 major support, and there would need to be a breakthrough that zone for bigger breakdown. Holding is bullish at the moment. 67.50-68.50 needs taken out could come back down again

08 Mar 2017 02:57 pm
bottom pickers had a good entry opportunity with the ES tagging 63.75 twice and turning up.. However still in a bigger downtrend, 67.50-68.50 needs broken/held were still is vulnerable

08 Mar 2017 03:09 pm
needs to go through 68 and hold or else can come down to the 66.58 area which should be a pivotal support to hold and turned up from in order to avoid a test of the 64--63 major support area again

08 Mar 2017 03:21 pm
67.50-68.50 new bounce resistance was sold into,, and now needs to run up from this 66. Again otherwise head back down towards major support at 64-63, but should not go back down there

08 Mar 2017 03:25 pm
64-63 area which was reached and reversed is the most important support zone on the way down before were a bigger breakdown support around 51.50..

08 Mar 2017 03:30 pm
this should just be a pullback that gets turned back up from above the 64-63 area. If not and that area does not hold this afternoon, it leaves the door open for get a bigger drop either 58-57 or ddown to 52--51.50. 68 area key resistance the rest

08 Mar 2017 03:31 pm
so and on to a short position and keeping until reaching 58 at least. Will be trailing a stop, 68.50 the rest of today

08 Mar 2017 03:35 pm
tthis might plunge through 64-63 can keep going down to 58 or lower. Don't be a bottom picker,, selling bounces you will get them back

08 Mar 2017 03:37 pm
have a great rest of your day. I will meet you here in the morning, after sending you the nightly update tonight take care!

 

INTRADAY LOG FOR TUESDAY - MARCH 7, 2017

07 Mar 2017 09:13 am
Good morning. The ES has to get above 73.50-74 and hold for pressure is on early. Even if it is taken out the 78.50-79.50 area should be hard to get through. So bounces likely get sold into

07 Mar 2017 09:28 am
70.50 was a pivotal level yesterday and there could be some short covering if it's not broken through and hold but not go far before being sold again if that happens

07 Mar 2017 09:34 am
Positive from 69.75 has to at least take out 71.50 with some gusto if going to reach the 74 resistance now otherwise dropping down again

07 Mar 2017 09:38 am
Pressure is going to be on as long as a hold under 70.50-71

07 Mar 2017 09:38 am
It's headed for the lows from yesterday and probably lower

07 Mar 2017 09:40 am
Even if there is a move over 70.50-71 and a bounce up to 74 area still would be sold, but likely going to stay under 70.50 and after breaking 67 could keep going 63-62 area

07 Mar 2017 09:42 am
67.50-66.50 zone reached and should be broken through holding under 70.58 area. – – I will meet you online at around 10:20-10:30

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


07 Mar 2017 12:03 pm
So far this bounce from the double bottom stopped at the 69.50-70.50 updated resistance and should take out below on this move and if this continues could see 63-62 today

07 Mar 2017 12:11 pm
at the moment there is kind of a triple bottom with lows at 66.25, 67.00 and 67.50 so if aa break under 67 there should be a better breakdown under way and bounce that follows sold again

07 Mar 2017 12:12 pm
at the moment it is still bearish holding under 69.50--70.50 area with a shot at a drop down to 63-62 this afternoon if they further breakdown

07 Mar 2017 12:13 pm
I will be back around 1:15 PM or thereabouts but not able to update until then most likely. Would need to be free and something changes

07 Mar 2017 12:52 pm
pullback lows at 67.00 than 70.50 then 70.25 and turned up at 12:25 and is at the 70.25 level and going through 70.50 and holding could get this moving back up towards the high again in this two-sided day

07 Mar 2017 01:11 pm
broke out above the 70.50 pivotal area and it should now be support on a pullback or just above that, and should not go back under 69.50 area to avoid reversal so shouldn't get there or reverse again

07 Mar 2017 01:14 pm
the next bounce resistance is at the 72.75-73.50 zone that must be broken through if they turned up from 70.50 and not break through

07 Mar 2017 01:17 pm
bounce from 70.75 for a good entry s scalp on the long side at the least. Should not go under 70.50-69.50 if going to keep this bounce going and not reverse and bank could reac 72.75-73.50 possibly

07 Mar 2017 01:26 pm
the ES is having trouble getting through the 72 level and will breakdown through 72.50-69.50 if not taken out soon

07 Mar 2017 01:27 pm
or at least pullback and then get bid back up again from 70.50 area or just above to avoid a breakdown,, but must take out 72 and probably in the next 5 minutes

07 Mar 2017 01:37 pm
if this cannot bounce from 92.50 with gusto then it's breaking down and could test 67 yet again and if so likely go through after so many times there

07 Mar 2017 01:40 pm
should now hold under 70.50-71.00 and turned down if approached and then come back down to work through 67-66

07 Mar 2017 01:47 pm
another pullback needs to bounce from 68 or higher, otherwise breakdown through 67-66.25 low areas. If that happens,, needs to pick up momentum. Another move back up above 67-68 that holds could cause some short covering if that happens instead

07 Mar 2017 01:55 pm
states under pressure holding under 69.75 for a further breakdown

07 Mar 2017 01:59 pm
69.50 needs broken and able to hold on a dip after that

07 Mar 2017 02:11 pm
pop-up could not take out 69.75 and still under pressure to break 67-66 and should happen soon if it's going to breakdown instead of bouncing back again

07 Mar 2017 02:16 pm
well this time either some short covering or bottom pickers came in at 68.75 to bid the market back up to 70 so far, and now as long as the 69 area continues holding this as a shot at taking out 70.50 pivotal area which could go towards 72 possible

07 Mar 2017 02:22 pm
so far today there has been 2 bounces and both have either shown rejection before being sold or stalled before being sold and this bounce should do the same and fail again – could be right here if a hold under 70.50 for a aa short while longer

07 Mar 2017 02:32 pm
stalled and rolling over a bit with a shot at the 67 area or lower as long as a hold under 70 it looks

07 Mar 2017 02:33 pm
llast bounce high at 70.50 pivotal level and with the ES holding under that level pressure should stay on.. A move above that holds is needed to attempt in this poor acting market around and avoid breakdown

07 Mar 2017 02:39 pm
still holding 68.50 on bottom and 70.50 on top with a battle in this range and has a shot to make a run to the upside holding 68.50 and taking out 70.50 pivotal area and not coming right back down again

07 Mar 2017 02:40 pm
72-73 area would be resistance on a move over 70.50

07 Mar 2017 02:42 pm
whatever happens on as bounce it's not going to be able to stick, and is somehow another run up to the 74that should be hard to break through and hold

07 Mar 2017 02:45 pm
the VIX has dropped down to 11.09 so far, and if that happens to go under 11 and turned up it would be a red flag. It helps hold the market up with its weird action going into the high, but has plunged since then back in sync during like it should

07 Mar 2017 02:46 pm
and any case, it looks like the better the bounce the better the shorting opportunity at the moment as long as the ES doesn't go back above 74 area and hold up there

07 Mar 2017 02:50 pm
pullback from 70.75 so far as held 69.50 and must turn around from that level and take out 71 and should be sold on a pop above that level if reached. Breaking 69.50 means next bounce sold also

07 Mar 2017 02:50 pm
next update and about 10 minutes

07 Mar 2017 03:00 pm
quick run up started from 70.25 and went to 71.75 and has backed away but will need to come back under 70.50 for a potential breakdown now and one more run up should stop at or below 72-73

07 Mar 2017 03:01 pm
expect another pop-up to be sold into if there is one, which likely needs to come from above 70 or else a bounce after you are likely to fail

07 Mar 2017 03:05 pm
70.25 pullback low turned up and should be sold if the 71.50-72.50 area is reached most likely– still must hold 70.50 or else top likely in

07 Mar 2017 03:09 pm
any kind of bounce will be sold into again. The VIX made it down to 11.04 and just turned up and is very close to giving a number of sell signals

07 Mar 2017 03:09 pm
any kind of bounce will be sold into again. The VIX made it down to 11.04 and just turned up and is very close to giving a number of sell signals

07 Mar 2017 03:13 pm
should not get to work through 72 and be able to hold the way it has been acting

07 Mar 2017 03:17 pm
looking like another failed bounce attempt and if not then should not take out 72 and be able to stick, unless a late day run up to or through 74 area

07 Mar 2017 03:23 pm
really choppy especially since coming up from 68.50 tested 3 times before bouncing at 2:35 PM. Should still have trouble around the 72 area. If not then 74 could be reached or broken before end of the day

07 Mar 2017 03:27 pm
in the last 30 minutes the ES needs to hold 70.50--69.50 or else a breakdown could happen at the end of the day. A pop-up to 72-72.50 should be sold if reached for something is changing a bit

07 Mar 2017 03:27 pm
market has not acted well lately and urge caution on any long trades as this could end up with a late day collapse if the 67 area broken again

07 Mar 2017 03:30 pm
at the end of the day you can sell any kind of bounce under 71.50 as that last hour high area should not be broken and held if the market is going to say in a bearish position

07 Mar 2017 03:31 pm
have a great rest of your day. I will catch you tomorrow after you read the nightly update. Take care!

 

INTRADAY LOG FOR MONDAY - MARCH 6, 2017

06 Mar 2017 09:08 am
Good morning! the market has been acting different sense coming down from 2401 on the ES and 5400 from the NQ last week, and could be an important top.

06 Mar 2017 09:14 am
so far the bounce from this 74.25 Friday low stopped right at the initial resistance zone and coincided with 38% rebound, and not be going back up to 83-84

06 Mar 2017 09:17 am
but instead could be having its better breakdown. Last night gap at 70.75 was bounced off of and then dropped to the 68-67 zone which can be reached or broken if no bounce from 70.50

06 Mar 2017 09:20 am
in case of sizable breakdown, these are important support I did not put in last night's update – 58.50-57.50 and 53-51.50 but won't see that today

06 Mar 2017 09:26 am
bounces are not going to be able to stick and still should be shorting all bounces for now. Likely headed back to 68-67 or lower

06 Mar 2017 09:31 am
70.75 gap was filled and can bounce but not stick at higher prices

06 Mar 2017 09:36 am
has to get back over 73.50-74.50 and holds on a dip

06 Mar 2017 09:39 am
68-67 needs to give a good bounce back above 71-72 and hold for a low to be in place for a while possibly

06 Mar 2017 09:42 am
hhas to get over 72-73 and then hold on a small dip and turned up in order to break current downtrend

06 Mar 2017 09:47 am
68.50 reached so far and as long as the next bounce holds under 70-71 it still can make another push lower

06 Mar 2017 09:51 am
quick reversal from just over 68-67 made it to 71.25 and has to get over that level and hold the lower than 70 and turned upf for a move 73-74

06 Mar 2017 09:55 am
Nice to hold 71.50 area now and keep going through 73-74 or else another leg down

06 Mar 2017 09:58 am
71.25 was held and turned up to get to 73-74 or a bit higher before another pullback

06 Mar 2017 10:00 am
73.75 so far and now 71.25 is a key support that needs to hold in order to avoid another moves to the lows or lower

06 Mar 2017 10:04 am
as to take out 73-74 mmore pressure stays on to test for break lows specially going through 71.25

06 Mar 2017 10:06 am
70.75 is now a key support or else could be a bigger breakdown and to work through the low and test the 68-67 support

06 Mar 2017 10:12 am
pullback should hold 70.75 now in order to keep attempt to stairstep higher. No breakdown and low in place just above major pullback support

06 Mar 2017 10:15 am
stalling at the 73-74 zone and a pullback should hold above 70.75 and turned back up

06 Mar 2017 10:18 am
nneeds to bounce from 72.50--72 at the lowest tier or else breakdown and not take out 74 resistance

06 Mar 2017 10:19 am
has to get to 74.25 to fill the gap on the daily chart from Friday's low and holding under that keeps pressure on for nowow

06 Mar 2017 10:21 am
should be headed down to a token higher high or else keep on going to war through 68-67 support

06 Mar 2017 10:29 am
early low 2 ticks above 68-67 major pullback support and then a bounce high a 73.50 at the 73.50--74.50 second support and major area turned new breakdown/gap fill resistance – bearish

06 Mar 2017 10:31 am
should end up going two more through 68-67 and a target at 58-57 where class Wednesday launch to new highs started last week

06 Mar 2017 10:35 am
needs to get back above 70.50 and hold 70 or else could keep going down to the 58 area before all this is over today

06 Mar 2017 10:37 am
need to be a strong bounce from this 68-67 zone back above 70 that holds or else pressure still on an if 63.50 is reached it could keep on going to 58 area a bigger picture target

06 Mar 2017 10:49 am
so far bounced off of 67.25 support and needs to get back above 70 and hold in order to avoid another why down possibly towards big cluster/major short-term zone 58-57

06 Mar 2017 10:53 am
must turned up from a higher low or no lower than 66.50 which I inadvertently missed has the actual bottom of the support zone here, and a shot at reaching major cluster of support around 58--57 if this continues

06 Mar 2017 11:04 am
has to get above 70 and hold 69.50 or else keep on going possibly down to major area around 58--57. First though need to break 66.50 and hold under 68-68.50 area after that, or should begin that bounce attempt from here

06 Mar 2017 11:09 am
should have a low in place at 67 support for a while now,but needs to take out 70 area and hold 69.50 after that, or still vulnerable for another like down still

06 Mar 2017 11:19 am
close that support and should be able to make another push higher after backing away from 70.58 area but has to turned up from around 69.50 and not hold under 70 very long

06 Mar 2017 11:27 am
70.50 bounce high so far and will need to turn up from 69.50-69.00 at the lowest or else keeps on going back down to work through 67 low at major pullback support. Should not go there though, should be low and at support

06 Mar 2017 11:34 am
nnot looking like it wants to go over 70 and hold over 70 and will need to turn back up off of 69 and get over 70 and hold, or else keep going back down test or break the high

06 Mar 2017 11:37 am
bouncing from 69 and now needs to go over 70.50 and then hold 70 after that in order to get anything going on the upside. however, still selling pressure unless 70.50 broken and 70 held after that

06 Mar 2017 11:47 am
with the ES holding 68-67 still on this pullback it could make another attempt to get about 70 and stick, but must be able to hold over 70 or else come back down yet again

06 Mar 2017 11:53 am
bounce from 68 needs to take out 70 and hold or else still vulnerable and could come back down to work through 68--67

06 Mar 2017 12:03 pm
this 68 area is turning into good support and should hold for a move up above 70 and not sure if that will hold or not but if so then a shot at 72 or a bit higher

06 Mar 2017 12:19 pm
pullback holding 69 area now so has a shot of taking out the 70 level and holding but must hold above 69 and not go down through that to force through 68 again

06 Mar 2017 12:20 pm
I will be away until around 1:20 PM and will update around that time, only earlier if absolutely necessary and I am free at that time

06 Mar 2017 01:11 pm
the ES broke and held at 70.50 around 12:30 and has been in a steady uptrend since then and at the 73.50-74.50 support and new resistance to get through and hold on this bounce if it's going to continue and set of a pullback from around here

06 Mar 2017 01:24 pm
70.50 was bounce high before pullback to 68 turned up and that going at 12:40 taking out 73.50-74.50 and now must told over 74 or else begin topping out

06 Mar 2017 01:31 pm
if this move is going to be another failed bounce attempt like the one that went into 83-84 resistance on Friday, then this move should not get past 79.50-80.50 at the highest. With this all, must 74 area and turn up for a chance get better

06 Mar 2017 01:40 pm
the ES is still holding the 9//18 EMA on the 1 minute chart and unless broken and held under 75.50 area soon,, a chance for one more push higher instead of rolling over

06 Mar 2017 01:52 pm
has rolled over however has to hold 74.50-73.50 in order to keep the door open for one more move higher. Otherwise could be breaking down towards 70.50 area again

06 Mar 2017 02:01 pm
pullback to 74 is getting a bounce and needs to keep going and that make a lower high and turned down, but instead go through 76.75 without turning right back down. should be another pullback of some sort from up there if it gets there

06 Mar 2017 02:13 pm
this pullback holding at a slightly higher low and as long as 74 area holds there can still be a move up to either a lower high under 76.75 or maybe try for 79.58 area which should be the highest – basically 79.50-80.50 should not be broken to keep d

06 Mar 2017 02:26 pm
with about 90 minutes left in regular trading hours, the ES is going to need to hold 74 area and run up to work through the high. If a break through 74 instead then possible pullback around 72 before turning up

06 Mar 2017 02:31 pm
unless 75.50 is taken out very soon, there will be a break below 74 that could pop-up again but probably not stick the way the market has been acting, until some Friday afternoon short covering

06 Mar 2017 02:39 pm
there may not be much upside but unless the ES breakthrough 74 at the end of the day it will avoid any more trouble until maybe tomorrow morning.

06 Mar 2017 02:42 pm
well by the way the market has been acting lately 74 can be broken through with this holding under 75-75.50 is beginning to look like now

06 Mar 2017 02:43 pm
the way that the VIX is acting,, not much room to go before it gets stretched out showing "no fear" and leave the door open for that second shoe to drop from up here somewhere under 79-80

06 Mar 2017 02:47 pm
well, it's going to need to take out 75--775.50 and not turned right back down, or under 74 and not turned right back up. should not stay in this range another 75 minutes

06 Mar 2017 02:50 pm
75.50 rejected, must be just a small pullback turned up and go through that otherwise headed to the bottom side and test 74 area

06 Mar 2017 03:01 pm
bouncing off of 74.25 but still needs to take out 75.50 and hold to make a last hour run up towards 78 and not impossible but not likely unless short squeeze up at 79.50-880.50

06 Mar 2017 03:10 pm
getting a little breakout on the upside and should hold 75 or else this late day squeeze higher could begin to top out late in the day

06 Mar 2017 03:17 pm
if this does not hold 75.50-75 at the lowest, then reversing this breakout would occur and dropped words 74 or lower instead of one more run up to a higher high around 78 and possibly 79.50-80.50 major area

06 Mar 2017 03:25 pm
this going to need to break through the 78.50--79.50 zone which was the initial support coming into the day.. a failure to break and hold above that area could end up being a top similar to Friday

06 Mar 2017 03:28 pm
token higher high on able to hold turning down from 77.25 and if 75.50-75 area does not give a bounce but is broken instead it could come back down towards 74 or lower. Must reversed back up with gusto, but doesn't look like it will

06 Mar 2017 03:33 pm
this reversal now has a good chance of either testing or breaking 74.50-74 area which is a pivotal area to hold up here or else reversing much larger is broken and held below

06 Mar 2017 03:37 pm
in the last 25 minutes, this needs to keep going on up throug 79.50 and order to keep this upside going and do more than just have a week rebound before reversing

06 Mar 2017 03:40 pm
rrun up has so far made it to 77.75 and still has a chance at the 79.58 area which looks like it could be broken through also if there is enough time and a pullback is not to the. Should hold 76.50 area at worst

06 Mar 2017 03:46 pm
have a great rest of your day. I will meet you here in the morning after you have read the nightly update. Until then take care!

 

INTRADAY LOG FOR MONDAY - FEBRUARY 13, 2017

13 Feb 2017 09:15 am
good morning. this could gap up into new all time high territory, and needs to only have a relatively small pullback to keep this in strong uptrend

13 Feb 2017 09:18 am
since turning up from 2281 last Wednesday morning in the first 30 minutes, the biggest pullback over 3 days has been only 4.75 points. aa move of more than that from a high breaks the symmetry and start two-sided action or decent pullback

13 Feb 2017 09:19 am
I will update a little bit after the open

13 Feb 2017 09:29 am
15.75 Friday high is the gap to fill on a break of 18.50 area that holds

13 Feb 2017 09:33 am
18.50 area is going to be pivotal early and a break and hold under that area could start pullback that needs to be less than 4.75 points

13 Feb 2017 09:39 am
would need to go under 18.50 and not turn right back up and go down to 15.75 and fill the gap to have a pullback a little more than 4.75 points

13 Feb 2017 09:42 am
20.75-20.25 needs to hold now to keep good uptrend from breaking

13 Feb 2017 09:43 am
22.50-24 area could be a top if there's going to be a reversal in the first 20-40 minutes it looksaat the moment

13 Feb 2017 09:48 am
22.50 "resistance" rejected and if not a top and then going under 20.25 and only aa small bounce after that could put some pressure on and bounces sold

13 Feb 2017 09:52 am
18.50-18 should not be broken or else the ES will have a 4-4.50 point pullback and likely goes more and breaks symmetry on the way to fill the gap at 15.75 or lower today

13 Feb 2017 09:58 am
a top should be in but if not then shouldn't take out 24 without turning right back down. If broken and not reversed then a possibility of going to 28-28.50 or more

13 Feb 2017 10:02 am
3 point pullback to the 19.50 level so far and keeps the strong uptrend from breaking so far,, a lower high should be made to get a move back down to or through 18 area

13 Feb 2017 10:07 am
token higher high so far and 21.50 should hold or come down to 19.50-18.50 which is now a key support to hold today to avoid reversal

13 Feb 2017 10:13 am
stalling after the slightly higher high at 23 and needs to hold 20 and if broken the 18.25 major support now and if broken a top likely in place

13 Feb 2017 10:22 am
must continue holding 21.50 or else could roll over instead of making another new high

13 Feb 2017 10:28 am
pullback turned up from 21.50 and needs to hold and make a new high or else could drop down to today new low at 18.25 and break upside symmetry and have a reversal pattern also. must take out 24 then hold 22.50 on a dip, or else topping in this 22.

13 Feb 2017 10:34 am
22.50-23 area sold three times and needs to go up to 24 or higher and hold above 21.50 in order to keep uptrend knowing and not reverse by taking out 21.50 and holding

13 Feb 2017 10:37 am
23.25 immediately sold and holding under 24 should be a short right now especially if 21.50 is broken

13 Feb 2017 10:38 am
in trying a swing trades up here at 22 or better

13 Feb 2017 10:39 am
if you got in with a better price had a onto it hhas there should be a high in place and if a pullback goes more than 4.75 points from the high it would be at 18.50 prior resistance/low of the day session

13 Feb 2017 10:40 am
slightly lower low in this range at 21.50 quickly turned up and could attempt another new high now but should not be able to hold yet again if it does

13 Feb 2017 10:45 am
22 reached, but with a quick reversal not so crazy about going against the trend and should wait for pullback more than 4.50-4.75 points today. 3 point pullback biggest so far. Needs to rollover within a minute or two or will make another higher hig

13 Feb 2017 10:51 am
22.50-23.25 area sold 5 times, but needs to go under 21.50-21 and not turn right back up for a reversal. Still a short with a stop at 24 at the highest

13 Feb 2017 10:53 am
could snap back again from 21.50-21 area, but if not then could be getting a little air pocket and drop to or through 19-18 key area

13 Feb 2017 10:55 am
trying to hold 21.50 but should come down through 21.50-21 if bounce holds under 22.50 area at the highest it looks

13 Feb 2017 10:57 am
another pop-up from 21.50-21 area and now needs to take out 23.25--24 new high area and not turned right back down

13 Feb 2017 11:06 am
overbought/oversold extremes on internal gauges get 7 trading hours for a reversal, and with internals not super-strong despite good rally and higher 5 days in a row means limited upside from here and better short than new longs uup here

13 Feb 2017 11:08 am
double top/123 top in the 22.50--24 resistance area also should mean a high in place at least for a while and maybe the first pullback more than 4.75 points over the last 4 trading days

13 Feb 2017 11:11 am
potential reward versus risk on a swing trade entered at 22 with stop at 24 should be quite large and should be at least 3:1 at a minimum I think– which is basically filling the gap at 15.75

13 Feb 2017 11:13 am
21.50-21 area needs to be broken down through and then only a feeble bounce after that in order to get downside going better here

13 Feb 2017 11:21 am
2.25 point range for more than an hour between 23.25 high (at 22.50-24 resistance zone) and pullback low at 21. has to go above 23.50-24 for a further run up possibly towards 28. For break 21 and go for possibly 15.75

13 Feb 2017 11:24 am
tthis will be at least a quadruple top if it backs away from 23-23.25 instead of going through and taking out 24 possibly towards 28 area

13 Feb 2017 11:28 am
should not go back under 23-22.50 without turning right back up again on another level pullback to keep the upside going first to the 25 area than likely pullback

13 Feb 2017 11:38 am
24.50 high 2 ticks over the 24 level and going back under 22.50 and holding then under 24 at the highest on a bounce attempt should mean a high in place at least for a while.. A break under triple bottom at 21 would be >3.50 points off of the hi

13 Feb 2017 11:45 am
22.50 is holding so far and should test or break 24-24.50 on this move, or else back away again and break 22.50

13 Feb 2017 11:50 am
swing trade lost 2 points. In any case this will be the fifth day in a row closing higher – and so far 4 days in a row with biggest pullback 4.75 points late on Thursday. Should get one today or tomorrow. Still feel that more reward on the dow

13 Feb 2017 11:55 am
19.75 is 4.75 points from the high of the day so far and should not be seen unless topping out for has topped out already. especially if 21 area turns into resistance after breakdoown which could be coming soon

13 Feb 2017 11:58 am
top only 2 ticks over 24 and then after pullback bounce up to 24 lower high was turned down for a 123 top and a top at 24 on that e-book set up if short on break of 23.50 low of the high bar on 1 minute chart

13 Feb 2017 12:03 pm
attempting to hold over 21.50--21 but if 21 is broken then a bounce of only about 1.50-22.00 points at the most should fail after that and turned down oor else test for break high

13 Feb 2017 12:11 pm
need to continue holding 23 and take out the 24-24.50 high and not turned right back down if going up to at least 26 and a shot at the 28-28.50 area instead of failing up at the highs if turned right back down again

13 Feb 2017 12:18 pm
this sideways/up trend doesn't breakdown unless 21.50-21 is broken through from this lower high, and if that happens then 19.75 support and if broken then to 18.50-18 area. Haven't had much of a pullback 3 1/2 days now. we will soon as a turn

13 Feb 2017 12:19 pm
however at the moment it looks like no breakdown and a chance for another pullback being bought as long as this holds 22.50-22 area

13 Feb 2017 12:19 pm
I will be oh wait until around 1:15 PM or thereabouts and will update at that time..

13 Feb 2017 01:25 pm
almost to the last area that I have for today at the 28-28.58 area. If no reversal here, then up at 32 or around 35-36 if this goes into tomorrow morning. In order to reverse today there needs to be pullback greater than 4.75 points, 23 level c

13 Feb 2017 01:36 pm
3.00 point pullback started about 20 minutes after the open and 2.75 point pullback from the 24.50 high to the 21.75 pullback low.. A pullback should only be 3 points or less to keep this trending up, but if more than that it must not be greater

13 Feb 2017 01:45 pm
sstrong trend up move yet again today which is very rare,bbut would need to break//hold under 28.50 and breaking under 26.54 a move back to or through 24.50-24, which should be a pivotal area that holds in order to keep good uptrend intact still

13 Feb 2017 01:57 pm
this would normally be a topping pattern and still could be despite the nonstop buying over the last 3 2/3 days. A move under 26 needed to have bigger than 3 point pullback.holding at 27 at the moment, needs a higher high. Old 24.50-24.00 area major

13 Feb 2017 02:04 pm
if 26 does not hold and give another bounce,, it will be the biggest pullback of the day then so far and can open the door to test or break 24.50--24 and then down to the 21 area if broken through.. could sculpt a long from this pullback but trad

13 Feb 2017 02:06 pm
needs too get back over 27.50-28 and hold up there for continued down to work through 26 and maybe go to work through 24.50-24 also

13 Feb 2017 02:13 pm
well with just a 2.25 point pullback there should try to make another higher high and is so probably will not be able to hold up there for very long and then another pullback will need to be another small one. 26 key support, could break strength of

13 Feb 2017 02:15 pm
the NQ has been stronger on this move up making new highs right now, the ES must make a new high or else another pullback could take out 26

13 Feb 2017 02:21 pm
lower high and reversal please another 123 type of top and now as long as 28.25 is not broken on a bounce the market should begin what could be a decent sized pullback. We get the PPI before the open in the morning and Janet Yellen speaks at 10

13 Feb 2017 02:32 pm
the market has tired out and should begin a further breakdown if the 26level breaks and especially if 24.50-24.00 area is broken through also

13 Feb 2017 02:39 pm
bounces should fail below 27.75 area now for this to keep going through that 26 support down towards 24.50-24 or lower

13 Feb 2017 02:41 pm
needs to have a good bounce off of 26 back to 28 and then just a small pullback if this is going to just be the third small pullback today for one more push high again although maybe not a new high this time.. Selling bounces still better odds up h

13 Feb 2017 02:48 pm
3.25 point pullback is the biggest of the day by 1 tick so far, and neeeds to get over 27.75 and not turned right back down or else top still in place and choppy downside likely takes out this pullback low going towards 24.50-24 pivotal area up

13 Feb 2017 02:53 pm
if this bounces off of 26. Again it still needs to take out 27.75 and only have a small pullback after to keep this 3.25 point pullback as the biggest of the day and try for new high. Still acting bearish holding under 27.75 area though with pop

13 Feb 2017 02:55 pm
if not being shorted than being sold into at least. Should continue on the way down to 24.50-24 area and maybe lower

13 Feb 2017 03:00 pm
so far only a 1.50 point bounce attempt sold into again and should stay a short down to 24..50-24 area, equal to the 4.75 largest pullback made last Thursday afternoon

13 Feb 2017 03:10 pm
aattempting a last hour bounce right now and needs to at least take out 27.25 and especiall 27.75 levels in order to get upside going further from this low

13 Feb 2017 03:11 pm
iif 27.75 is reached and then there should be just a small pullback and turned up again with some gusto in order to get back towards the high and not just another film bounce attempt late in the day for a change

13 Feb 2017 03:18 pm
so far a pretty wimpy bounce attempt, and needs to get over 25.75 at a minimum now and if unable then a last 30 minutes breakdown has a good chance for a switch

13 Feb 2017 03:24 pm
3:15 PM pop-up sold into and downturn should go for the 24.50-24.00 area and needs to hold their or else bigger breakdown underway that can go 8-12 points off of the high at least for a switch

13 Feb 2017 03:27 pm
it looks like in the last 30+ minutes that the ES would need to get back up to 26 at a minimum or bounces continue to fail on the way down to work through 24.50-224 area– 21 below if broken with momentum

13 Feb 2017 03:31 pm
oonly way this can avoid late day drop is by holding at or above 24.50-24.00 and run up through 27.25-- 27.75 was some just so

13 Feb 2017 03:33 pm
any kind of bounce should be sold and held overnight for a swing trade. 26 area new resistance that needs clear then held to avoid bigger pullback and indicators should be at extremes yet again, the 7-8 hour maximum window for reversal happened this

13 Feb 2017 03:35 pm
be short 1/2 of a position and will look to add tomorrow on a bounce attempt if there is one.. This will be 5 up days in a row, and indicators should still be at extremes

13 Feb 2017 03:36 pm
have a great rest of the day.. I will meet you tomorrow before the open and then have a live session that starts around 10:30 in the morning.. Take care!
 

INTRADAY LOG FOR THURSDAY - FEBRUARY 2, 2017

02 Feb 2017 09:08 am
Good morning. First off we are not going to be able to have a live session today. My father-in-law has dementia and is very loud and confused this morning. If something changes I will let you know.

02 Feb 2017 09:09 am
With the ES opening lower and either at or below the 69-68 blog area from yesterday and even if it bounces should be sold into and not go back up to 77-78 again. Selling bounces. Selling bounces should be better opportunity

02 Feb 2017 09:21 am
the ES will need to take out 72 and hold 70 on a dip or else do you like this bounce is doing and have pullbacks and probably much greater than this little one here

02 Feb 2017 09:25 am
there's always a chance they could pop-up right away from 69-68 support just below here but if so still should have a hard time holding and sold as soon as a bounce stalls

02 Feb 2017 09:27 am
appears there could be a role reversal today with a weak NQ and stronger ES so might be better shorts on the NQ

02 Feb 2017 09:29 am
must hold the initial support

02 Feb 2017 09:32 am
should test or breakthrough 68.50-68

02 Feb 2017 09:42 am
first pop-up sold at 75.50 down to 66.75 and held on a retest and now must told to avoid bigger breakdown and has to get over 72 and not turned back down or else still in trouble

02 Feb 2017 09:44 am
has to hold 69 on a pullback for uptrend to

02 Feb 2017 09:45 am
selling into new high and must told and turned up from 69 or still is in downtrend instead of further rally attempt

02 Feb 2017 09:49 am
must continue holding over 69 or else trend can reverse back down and have the market in trouble again at least early in the day. now it would take a break of 69.75 pullback low for a high to be in – could go up to 74 again

02 Feb 2017 09:51 am
72.50 is one resistance and then only if broken could get to 74-74.50 but should be a bounce high made in this first 20 -40 minutes and could be in or close

02 Feb 2017 10:00 am
pullbacks so holding at 70.25 and can still get to 74--74.50

02 Feb 2017 10:00 am
sshould not go much higher tthough before a pullback of some sort of pullback and now has to hold 70-69

02 Feb 2017 10:02 am
potential topping pattern on the NQ at least for a pullback

02 Feb 2017 10:02 am
sshould be highs in place here and starting a decent pullback especially going through 70-69

02 Feb 2017 10:08 am
so far higher low at 70.75 and if broken then another bounce after that should fail but pullback more than just about 2 point

02 Feb 2017 10:10 am
hhowever it is a little stairstep higher pattern unless broken and a chance for a token higher high that should be sold also
02 Feb 2017 10:11 am

74-74.50 can be seen still and then should hold 72 or higher on a dip

02 Feb 2017 10:16 am
74.50 broken by 1 tick so far and needs to hold 73-72.50 at the lowest or could be again to roll over instead of persistent uptrend

02 Feb 2017 10:19 am
the NQ has a level double top at the moment and could begin to break down if it does under 5143 and not turned right back up

02 Feb 2017 10:25 am
should be a should be a top in place oon both the ES and NQ if the ES goes back under 72 without turning right back up and NQ under 2143 and not turned right back up. NQ made a nice 123 top

02 Feb 2017 10:29 am
72 on the ES and 5143.25 on the NQ are the pullback close so far right at support/potential breakdown areas and a lower high and break under those areas means a high in place and bounces should continue failing

02 Feb 2017 10:34 am
NOTE: no 10:30 live session today due to some issues here with my father-in-law, see first note of the day. – – pullback should keep going to seven the area which would need to bounce there for further breakdown

02 Feb 2017 10:44 am
bouncing back again from 71.50 and could make a higher high but probably not stick very long, and the NQ held at 5143 so far and just going sideways

02 Feb 2017 10:47 am
there has been a number of reactions around 74.50 the last two days and again today and unless broken and held above there can still be another pullback to work through 70 area. NQ about to roll over and still in a weak position

02 Feb 2017 10:49 am
token higher high being sold again but only should be a small pullback to keep going up to four through 76.50--77.50 on this move

02 Feb 2017 10:51 am
lower high on the Dow and should start a pullback from under 76.50--77.50 but not go too far and less it's going to break down to board through 70 this morning

02 Feb 2017 10:55 am
should not go back under 73.50-73 at the most to keep in uptrend still go for 76.50--77.54 higher

02 Feb 2017 10:58 am
77.50 reached so far and should hold 75-74.50 pivotal area at the lowest in order to keep uptrend from reversing and try for 80.50 next

02 Feb 2017 11:01 am
almost 280.50 and should stay with a good strong trend and continue to buy small pullbacks unless/until topping pattern or rejection of higher levels ideally around a resistance zone like around 80.50 up here

02 Feb 2017 11:02 am
77.50-76.50 area has to hold as new support area now since 80.50 was missed by only 3 ticks so far

02 Feb 2017 11:10 am
reversal from just under 80-80.50 has pulled back to top of the 77.50--76.50 prior resistance/new support and needs to turned up and take out 80 or else a high in place and begin to break down tthrough 76.50 or more and possibly 74.50 key area agai

02 Feb 2017 11:14 am
coming up from 77.50 and making a 123 top oof sorts and should state under pressure holding under 79 now

02 Feb 2017 11:17 am
should see 76.50 and if broken through then 75-74 area is a pivotal area and if reached again it's probably gone too far and top likely in place

02 Feb 2017 11:25 am
so far the biggest pullback since turning up 5 minutes after the open was 3.75 points and an equal pullback is 76.50 also, so needs to bounce from this zone or keep heading down towards 75-74 or more

02 Feb 2017 11:34 am
75.50 reached so far and if it goes any further it will be too far to make another top that is able to stick the way this is acting. can possibly bounce but not stick if no acceleration down on break under 75-74

02 Feb 2017 11:43 am
bouncing from 75.25 and just above the important support in here, but even if a test or break of the high it would be sold.. Should not get back to the high, unless break and hold back above 77 area

02 Feb 2017 11:50 am
breaking down now and will stay under pressure as long as a bounce holds under 75.50 area now and test or breaks at least 72--70

02 Feb 2017 11:51 am
test or break 72 and maybe even go through 70-69 towards the low before the end of the move

02 Feb 2017 11:55 am
71.75 was reached so far, just under 72 but should make another push lower after this bounce turns over and should happen at or below 73-73.50 it appears

02 Feb 2017 11:58 am
if no reversal from that 70-69 area than it goes back down to or through 67 and would need to go right back up over 69 where it did not have any 5 minute closes below this morning

02 Feb 2017 12:06 pm
13 point rally reversed and now in a steady downtrend ever since, but holding 70-69 at the moment and needs to bounce back above 72.5-73.50 and hold after or else another leg down from around that area

02 Feb 2017 12:24 pm
after a 13 point rally to just under the 80.50 reversal area the 9.50 point pullback to the 70.25 level is another decent pullback for the market to try to rally from and must

02 Feb 2017 12:25 pm
keep going through 73 and more so the 74.50-75 area and not turned right back down or the market may not be able to do the "normal rally" today. – – I will be back around 1:20 PM

02 Feb 2017 01:13 pm
the ES made it to the 76.50 resistance and pulled back to 74.50 key level and turned up and needs to hold 74.50 or else top at 76.50 will be afternoon high before breakdown, instead of possible run up through 77.50 wwith it holding

02 Feb 2017 01:16 pm
this is a topping pattern and made short under 76.50 at the highest at the moment

02 Feb 2017 01:17 pm
breaking down under 74.50 area and not turning right back up again but going right through instead should be a top of that 76.50 and 72.58 area tested at a minimum in this range

02 Feb 2017 01:24 pm
breaking through 73.50 to go down to 72 area where there is some support before getting down to 70 major area – in this range between the high and the low

02 Feb 2017 01:29 pm
just about to 72.50 and if there is not a bounce back above 74.50 that slot turned right back down then this could keep going down to or through that key 70 area and then test or break the low of the day

02 Feb 2017 01:35 pm
so far a pullback to 72 which must hold or else down to 70--69 which needs held or breakdown

02 Feb 2017 01:39 pm
bounces still failing and holding under 73-73.50 keep pressure on to breakdown further through 72 area where it must hold or reverse to avoid break of this range above the low and below the high

02 Feb 2017 01:43 pm
the Dow cash has been helping with trading the ES with similar action and better "tells" with it stalling while the ES hit 72, and and important low now to buy a pullback above right now

02 Feb 2017 01:43 pm
running back to the 76.50--77.50 area almost straight up and must go right through and hold or another reversal in this range

02 Feb 2017 01:48 pm
now should pullback aagain vand come back down to work through 74.50 before any kind of bounce likely

02 Feb 2017 01:53 pm
75.50 held on the dip so far but there should be selling around 77.50--78 and another pullback that could be a decent one

02 Feb 2017 01:58 pm
making another top at 77.50 and should start another drop unless broken and held very soon

02 Feb 2017 02:09 pm
the ES has been trading between the 70.25 pullback low and updated resistance was at 70 and at 77.50 key//bigger picture pivotal area on top (under the high end above the low) and unless 77.50 broken/held and of day, could go back towards the botto

02 Feb 2017 02:19 pm
74.50 just broken and would need to get back above 76 at least and hold on a bounce to avoid breakdown through 72 and maybe 70.25 bottom of the range between top and bottom

02 Feb 2017 02:20 pm
the ES has been going back and forth turning at logical spots setting up good trades even if for just entries and exits on the short side, has enough momentum to breakdown

02 Feb 2017 02:27 pm
72 on the ES and 19,860 on the Dow cash nneed to be broken through and not stall then turned up again in order to get a break down to 70 or lower this afternoon instead of another bounce

02 Feb 2017 02:36 pm
testing the 70 area again and so far holding just above however market has had its chances to break down lately and the continued fail the bounces can lead to breaking 70.75--70.25 and then needs to66

02 Feb 2017 02:38 pm
nneed a move back above 72.50 at least to the attempt a turn around after stalling just over 70

02 Feb 2017 02:42 pm
ttoday this bounce off of double bottom in this range should fail again and if so buyers likely tired of getting knocked down every time they get back up again 2:35 PM turn around from 70.75 failing at 72.50 if going to try breaking down

02 Feb 2017 02:48 pm
another still bounce attempt from about a millisecond trading above 72.50 and needs to at least get through 74.50 now or else another push lowerfor a change

02 Feb 2017 02:54 pm
70.25 exactly at the new low were a run up to 76.50 started and likely not going that far but could tes 72.50-73 before backing away or getting some upside momentum

02 Feb 2017 03:01 pm
a double bottom at 70.25 must hold in the last hour and in order to get a better bounce the 72.50-73 area needs taken out and if they don't do that then finally could be late day breakdown under 70

02 Feb 2017 03:07 pm
after the early low at 66.75 and run up to 79.75 the ES has bounced back and forth between 70.25 and 77.50 and if things go as "normal" of late the ES should hold above 71 and take out 74.50 go to and if broken up to 77.50

02 Feb 2017 03:16 pm
73.75 is about halfway back up from 77.50 and should roll over here if going to go back down late in the day instead of continued grind higher which started at 2:50 PM

02 Feb 2017 03:19 pm
pullback from 73.50 was quickly turned up at 72 and that level should hold at the end of the day in order to keep the market and bullish position with a bottom in place at 70

02 Feb 2017 03:21 pm
at the end of the day this will need to keep going higher up to or through 76.50--77.50 which are 2 intraday highs at that resistance after a brief foray above it this morning– if a broken through the and up to 80-80.50

02 Feb 2017 03:26 pm
should keep going higher as long as it's not out of steam and comes back down through 74 again instead of bouncing again from above that level if going to reach 76.50-77.50 or more

02 Feb 2017 03:30 pm
in the last 30+ minutes the ES needs to get above 76.50-77.50 and then hold above that area in order to inish the day on a strong note, and ccould even get squeezed up towards the 80-80.50 area if not reversed again at 77.50

02 Feb 2017 03:39 pm
back to the top of this range the ES has been inside of sin since breaking down and holding 77.50 around 11:30 AM to the noon the low at 70.25 at noon. Must break/hold over 77.50 or turned down again and pullback late in the day for a change

02 Feb 2017 03:41 pm
starting his pullback and will be still range bound as long as it holds under 77.50 and above 70.25 at the close.. Have a great rest of your day and I'll catch you tomorrow morning before the open. Take care!

 

INTRADAY LOG FOR TUESDAY - JANUARY 31, 2017

 31 Jan 2017 09:11 am
Good morning. there could be a bounce but unless 73 area broken and holds on a dip there should be another drop and could test 67-66 from yesterday – key area pivotal and potential breakdown area

31 Jan 2017 09:18 am
two-sided action likely again today as I doubt there is a big breakdown or big run up before the Fed but after yesterday shakeout and test of 76-77 prior breakout area failing is bearish

31 Jan 2017 09:21 am
a gap between 81.25 and 84.25 left 3 trading days above that level with all of the buyers up there now stuck

31 Jan 2017 09:24 am
anyhow, should be the normal early drop and then bought at lower prices if no breakdown today. A short burst and then possible long later on bbut still favor short side given failure at 76-77 after breakdown yesterday

31 Jan 2017 09:24 am
I will update the low bit after the open and then we have the online session starting at 10:30 today

31 Jan 2017 09:33 am
quick reversal from 69 area but needs to get above 72--73 and hold 72 for a move to 78 or higher, otherwise fail under 72-73 and breakdown to or through 67-66 key area

31 Jan 2017 09:37 am
double bottom at 69 area and needs to get over 72--73 or else another decent pullback before bounce attempt

31 Jan 2017 09:39 am
pullback from 72 needs to hold 70.58 area or else back down towards the lows for more

31 Jan 2017 09:41 am
failure at 72-73 updated resistance after bouncing from 69 area and another move down towards 69 would mean a top in place for a while at least

31 Jan 2017 09:42 am
Econ data at the top of the hour. NQ under pressure can help take the ES back down and help keep pressure on from the top at new resistance.

31 Jan 2017 10:02 am
66.75 low at the key and pivotal support and could be a low if a move back above 69 area that holds. Otherwise holding under 69 still in a downtrend and could break through 66.75- 66.25 key area for this morning and possibly the day is broken and

31 Jan 2017 10:05 am
with this breakdown the 62 area needs to hold low or dive down towards 58-57 area possible

31 Jan 2017 10:07 am
for the rest of the morning the 68-69 area should be a key and pivotal resistance area and this 64 has a chance of being a low but if broken should go much lower before a bounce

31 Jan 2017 10:07 am
comments you online in about 20 minutes

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


31 Jan 2017 12:01 pm
so far there is a choppy trend down day going but so far held 62.50-62 major area for today and will probably go down to 58 area if broken

31 Jan 2017 12:02 pm
this will stay in a downtrend as long as 65.50 is held below and especially 66-67 which is now a pivotal key resistance on the upside with pressure on unless broken

31 Jan 2017 12:07 pm
all of the bounces have been failing and setting up good shorting opportunities and this will still be a short on a bounce that stops between 64.50-65.50 and holds under the top of that area

31 Jan 2017 12:08 pm
if broken through that tthen a run up towards 67-68 as possible

31 Jan 2017 12:11 pm
right now with the ES getting turned up from a major support area a pullback can be bought for a scalp as long as a hold above 64-63.50 at the very lowest. However

31 Jan 2017 12:12 pm
, better odds shorting bounces that stall or show rejection at or below 65.50-66.50 and stay under the prior swing high at 68

31 Jan 2017 12:15 pm
66.50 reached and needs to hold under 68 and break 65 to reverse up here. I am going to be away until around 1:15 PM and will update around that time or sooner if I happen to be free and then update is necessary.

31 Jan 2017 12:55 pm
so far the ES has made a nice bounce back to 68.50 which is just under the 69 pivotal area and early bounce high at 69.75 aand should pullback at least– however no breakdown again unless the 66.75-66.25 pivotal area which was just broken//held is ta

31 Jan 2017 01:15 pm
get a breakdown under 66.75 and 67.25 was and sold pretty hard for another breakdown and the Dow heading for its below while other averages still above instead catch down to the Dow and keep going lower

31 Jan 2017 01:18 pm
a bounce should be sold at or below 66.25-66.75 area in order to stay in bearish mode to test or break the major area around 62.50--62

31 Jan 2017 01:24 pm
sso far it's the 4.50 held on a pullback and is where there was a double bottom except for the quick move down to the 62.25 major support and popping right back up above that level

31 Jan 2017 01:26 pm
with the ES spending very little time under the 64.50--64.00 area that 64.50 pullback low should be an important an must hold 64.50-64 to avoid another test were break of 62 area

31 Jan 2017 01:28 pm
IF that happens and the ES happens to breakdown under 62.50-62.00 today for a change, instead of the normal afternoon bounce, we could see a drop to the 58 area before a quick bounced back. Should hold 64.50 area

31 Jan 2017 01:37 pm
the ES has traded between the 73 initial support turned resistance (72.50 high) and 62.50--62.00 major #2 support (62.25 low) and bounces failing around the 69 level – need to take out 68.50-69.50 and hold – otherwise back towards the 64.50-64.0

31 Jan 2017 01:40 pm
sometime this afternoon ES would need to first take out 68.50-69.50 and if that happens head towards 73 which is major area on a bounce from down here, to hold under or open door towards 76-77

31 Jan 2017 01:45 pm
another film bounce and rolling over again and must bounce from 64.50-64 or higher or else breakdown to or through 62 area

31 Jan 2017 01:48 pm
should come down to test for brea 64.50-64 area and if broken would need to bounce off of 62 area with gusto back above 64.50 and hold. Or else breakdown towards 58 on the way

31 Jan 2017 01:52 pm
64.75 holding at the moment and if it cannot get above 66-66.50 again soon it will breakdown to or through 62.25 low at support

31 Jan 2017 02:04 pm
it has been two-sided trading with a trend down kind action as bounces all have stopped around 69 area (+/-3 ticks on top) but still bouncing from 63.50 (earlier also after turning up from 62.25) so if action continues. Should be a breakdown

31 Jan 2017 02:05 pm
if 62 usually broken a quick drop down to 58 is possible before another turned back up again. Must double bottom to avoid that

31 Jan 2017 02:09 pm
we do have a Fed day tomorrow but there is a chance this could finally breakdown a bit instead of rally aat the end of the day

31 Jan 2017 02:12 pm
needs to turn up here with an up gusto to at least get above 65 and hold if going to try for 68.50-69.50 new key resistance

31 Jan 2017 02:21 pm
must bounce off of 64.25 area at the lowest to keep bouncing and avoid late day push lower instead of the normal last 60--90 minute rally

31 Jan 2017 02:29 pm
this bounce needs to be strong enough to take out 68.50-69.58 area this afternoon or else it stays in a bigger picture downtrend. at the moment needs to hold over 65.50 in order to keep uptrend can get up to that zone

31 Jan 2017 02:34 pm
that 66.75 number which was the bottom of a support area yesterday a 2:30 high and now could make a move back down to or through 64.50 – needs to bounce from that or above or else test were break was finally late in the day

31 Jan 2017 02:38 pm
every bounce has been sold into today but on the other side of the coin the ES has bounced from the 64-62.25 area 3-4 times also. The way the market has acted lately along with a Fed day tomorrow, the market should bounce in not breakdown yet again t

31 Jan 2017 02:39 pm
pullback turned up from the 65 level aand holding over that 64.50 area keeps us out of trouble, should make a move up towards 68.50-69.50 like the others

31 Jan 2017 02:44 pm
should continue to the next he 8.50-69.50 area or possibly breakout above that zone as long as a hold ove that 66.75 level now

31 Jan 2017 02:46 pm
75 minutes left in this trading day and should be sold around 68.50-69.50 at the highest again to get a pullback to test or break 66.75 which is kind of pivotal and this range

31 Jan 2017 02:55 pm
reached 69.25 so far and have the 68.50--69.50 zone, and a hold above 68--67.50 at lowest to keep this moving higher and not another decent pullback like the others. If that area broken through,, white day pullback for a switch coming from here

31 Jan 2017 03:06 pm
won't be surprised if the ES can get back up towards 73-74 prior initial support turned new resistance. Needs to hold 69.50-68.50 and turn up again.

31 Jan 2017 03:22 pm
71.75 so far and 72.50 is the early high in the first 10 minutes of trading, and could still get to 73-74 however might have trouble holding unless just a continue rally fro 2:05 PM into the close instead

31 Jan 2017 03:31 pm
could be making a top at 72.25 which is 3 ticks from the 73-74 prior support/new resistance/target on long side and could finish the day with a pullback if 70.2569.50 area is broken

31 Jan 2017 03:33 pm
it looks like in the last 30 minutes there is still a chance for at least a token higher high above 72.25-72.50 early and late high of the day so far, and if broken with some gusto could get a squeeze back up towards 76-77 but kind of doubt that

31 Jan 2017 03:36 pm
the last 90 minutes the market has gone up steadily and pretty much holding around the EMA's on the 1 minute chart for a trend guide. So should not go back under 71 without turning right back up for this to continue its run into very late in the da

31 Jan 2017 03:37 pm
jjust made it to the 73-74 zone and that should be kind of hard to take out and hold at the end of the day especially with the Fed day tomorrow

31 Jan 2017 03:40 pm
however the market has been strong with very small pullbacks since turning u around 2:10 PM and needs to go under 70.75 to have any kind of like pullback instead of rallying and tell very late.

31 Jan 2017 03:41 pm
have a great rest of your day. I will catch you tomorrow morning before the open. Take care
 

 

INTRADAY LOG FOR MONDAY - JANUARY 30, 2017

30 Jan 2017 09:13 am
Good morning! We are going to have a gap down open and should fill the gap between 84.25 and 80.50 and maybe down to the 77-76 prior all-time high area

30 Jan 2017 09:16 am
if you still have a partial short position from the swing trade entered again on Friday (suggested covering half at 88-87 support on Friday) have a stop

30 Jan 2017 09:21 am
at 84.50 at the very highest right now. If that is broken through then the 87-88 area should be tested to fill the gap at Friday's low. it still was in full position definitely would cover part on this gap down open

30 Jan 2017 09:22 am
probably not a bad idea as this early weakness should get bid back up and then first bounce sold as soon as upside stalls – kind of the polar opposite of early action lately with early strength sold and weakness but

30 Jan 2017 09:26 am
in any case, it looks like resistance at 82.50-83.50 would need to be taken out and then held on a dip to get back up to the 87-88 new big resistance, otherwise going down to test 77-76 13 date range breakout area

30 Jan 2017 09:27 am
I'll update 5-10 minutes after the open

30 Jan 2017 09:35 am
minor area at 74.50 if no reversal off of 77-76 above 80.50 and if 76 broken then 72 area major before going down to 66 area below that

30 Jan 2017 09:38 am
bounces are not going to stick and could selloff for the first 20-40 minutes if just a feeble bounce holds under 79.50 at the highest

30 Jan 2017 09:43 am
77-76 broken and holding under that needed to keep pressure on down to 74.50 and maybe big support at 72.50--71.50 if that is not a bottom for a bit

30 Jan 2017 09:45 am
if 72 broken goes right down to 70-69 or lower

30 Jan 2017 09:52 am
taking out 69 area and that turning right back up could mean continued downside towards 66 although key area here around 70-69 that must hold and turn here

30 Jan 2017 09:55 am
bounce off of 69.50 and just above 69 major area only reached 73 and has to get over that and hold 72.58 area on a dip for downtrend continues

30 Jan 2017 09:57 am
gap day can be a trend day but probably not today as bounces are going to have a hard time holding with the bigger picture breakdown from the top right now.

30 Jan 2017 10:00 am
74 days in a row without a 1% decline in the S&P 500 cash and futures so if that spring is going to break it should happen today I would think. right now bearish unless 74 broken and 72.50 is held on a dip

30 Jan 2017 10:08 am
73.25 touched and turned down and so far they hire low at 70.50 and will be broken through if this holds under 73 area

30 Jan 2017 10:11 am
should make a lower low under 69 major area and if so go toward 66

30 Jan 2017 10:13 am
a stop on swing trades now at 73 which shouldn't be broken if this is going to get to 66 area or lower

30 Jan 2017 10:18 am
want to cover swing trade at 64 which would be down about 1% and also 30+ point profit on second part of position.. Needs to hold under 70.50 The highest to get there this morning

30 Jan 2017 10:23 am
66 level is down 1% from Friday close on the ES and with the 66 support I gave being reached and bouncing a bit another test should be turned up from around that 66 area unless going to cave in towards 58 today but a low in place or very close

30 Jan 2017 10:24 am
stop on the swing trade is 69.50 level which if broken could mean a low in place at least for a while

30 Jan 2017 10:31 am
69.50 touched and turned away and that prior support at 69-70 could turn out to be a pivotal area down here and needs to be broken and able to hold on a dip if a good low is in place.

30 Jan 2017 10:37 am
low at 66 right at the -1% level on the ES but still under 3 prior supports that our new important resistance at the 69-70 and then 72.50 then 76-77 and still a breakdown unless 77 broken above/held

30 Jan 2017 10:43 am
only feeble bounce attempts so far and not able to get over 69-70 which it must do and be able to hold or else downside could keep on going to the 64 level and possibly 58 or lower

30 Jan 2017 10:44 am
if this action continues with feeble bounces and pushes to lower lows

30 Jan 2017 10:48 am
64.50-64 area next support and if broken breakthrough it could continue towards 58 – shouldn't go any lower unless some sort of panic selling today

30 Jan 2017 10:49 am
certainly was lots of complacency coming into today, and not so complacent anymore with the VIX up 19% at the moment

30 Jan 2017 10:54 am
64 is giving a bounce but needs to get over 66-67 two break downtrend at the moment and not go towards 58.50--58 key area where it's headed the way it appears

30 Jan 2017 10:55 am
if this turns out to be a trend down day and goes through 58 area als then could end up getting hammered going down to or through the 51.75 mid-month low

30 Jan 2017 10:58 am
63.25 low so far and although not at support zone on my chart, a chance for a bottom but only if a move back above 66 area able to hold

30 Jan 2017 11:01 am
the best bounces have been 3.50-3.75 points and a move over 67 would break that symmetry also so 66-67 needs to be broken through and then hold after a small pullback to try getting turned around for a little bit

30 Jan 2017 11:07 am
66-67 area should be sold if there is going to be another push lower and not a low in place at 63.25 this morning

30 Jan 2017 11:09 am
should be a low in place now and next resistance is at the 69-70 zone which should be good resistance and hard to get through and hold unless start of a stronger run up– may not even get there if still weak

30 Jan 2017 11:11 am
should hold over 67-66 in order to keep going through 70 area

30 Jan 2017 11:14 am
68.75 bounce high under 69-70 resistance and need to hold 66 at lowest and turned up to have a chance at 70 area or above

30 Jan 2017 11:16 am
as usual the market is turning around after actually breaking down today but unlike other days this should have trouble on the way up. First is getting through 69-70,, where another pullback could come from if just a bounce in new strong downtrend

30 Jan 2017 11:22 am
69.75 updated resistance was just rejected and needs to bounce from 67 or else downtrend reassert itself. Upside should be hard to hold as stated earlier,

30 Jan 2017 11:27 am
must hold 67 and go up above 69-70 with some gusto and not turned right back down otherwise this stall should lead to another push lower today higher low most likely

30 Jan 2017 11:29 am
hold around 66 and turn back up to keep a low in place and not go back down to test or break 63.25

30 Jan 2017 11:42 am
with the break and hold back above 66-67 and now taking out 69-70 this retracement off of the 33 point drop from the high possibly back to th 71.50-72.58 area if a move over 69-70 and holds, not drop down under 67

30 Jan 2017 11:48 am
not a very powerful move above 70 but made it through and needs to hold 70-69 and not go under that area or a reversal back down can occur

30 Jan 2017 11:56 am
so far 70-69 has been holding with 69 pullback low, and should turn up again or a break under 69 can put it back in a downtrend instead of continued move higher towards 72.50 or higher on this move

30 Jan 2017 12:06 pm
this has still been in by the death mode and needs to continue holding 69.50-69 at the very lowest or else a bounce high in place up here and come back down towards 66.75-66 which is a transition area

30 Jan 2017 12:09 pm
the ES has gone sideways about 20-25 minutes and needs to continue holding 69.75-69 or else head down towards 67.75-66 transition area and pivotal which must hold to avoid bigger bigger breakdown

30 Jan 2017 12:10 pm
upside running out of steam, another pop-up should be sold into also and they short under 771-71.50 right now

30 Jan 2017 12:11 pm
a short on a bounce with a stop just about 71 as this should be going back to work through 66 area

30 Jan 2017 12:16 pm
the ES still will need to get above 71 and not turned right back down in order to try to get a bit more of a run up knowing and try for 74 area possibly 76-77 if a good bounce which is also the previous top of 13 day range broken down under today–

30 Jan 2017 12:21 pm
market will avoid the better breakdown as long as 67-66 is held. 66 is also 1% down for the day, another reason it could be pivotal.

30 Jan 2017 12:21 pm
Another pullback should be bought with his acting like this now and a shot at the 73 area IF 71 broken and not turned right back down

30 Jan 2017 12:23 pm
I will be away until around 1:20 PM this afternoon and only update if I am free at the time and update necessary. 71 then 73 then 76-77 resistance if up, but under is bearish and 66.75-66 then test of the lows then 58 Jeff bigger breakdown

30 Jan 2017 01:02 pm
the ES turned down from 70.75 and just below the 71 bounce resistance and just turned up from the pullback to 67.25, just above key and pivotal 66.75-66.00 area. needs to hold that and take out 71 to avoid another drop towards today's lows this af

30 Jan 2017 01:17 pm
70.50 was just reached and rejected and needs to get turned back up from 68.50 or else can go down to or through 66.75-66.00 pivotal area and potential bidder breakdown again to work through today's lows

30 Jan 2017 01:24 pm
74 days in a row without a 1% down day and 66 is 1% under the Friday close for the ES and key area that breaking and holding under can give us a lower low around 62.50-62 and possibly 58 or lower. should cut through 66.75-66 pretty soon if is going

30 Jan 2017 01:37 pm
the ES popped up to 69 and turned right back down again and should be about ready tofor through the 66.75--66.00 area which could start a moved back to 63.25 area and probably a bit lower. The short

30 Jan 2017 01:42 pm
so far holding 1 tick above 66.75-66 support zone and unless broken through and held then know afternoon breakdown

30 Jan 2017 01:44 pm
I need to be a way about 10-15 minutes, so this needs to go up move up above 69 and keep going through 71 or else could still come back down to or through 66.75-66.00 key support this afternoon.. Be back ASAP. Sellers and control under 69

30 Jan 2017 01:57 pm
66.25 pullback low so far and needs to hold there, or else a chance this could continue its selloff until around 2:20-2:40 PM and test or break 63.25 low

30 Jan 2017 02:03 pm
66.25 held so far to keep the market from breaking down further (as usual of late) and needs to hold over 66 this afternoon for another run towards 71 , if not a failure at 69 area again

30 Jan 2017 02:09 pm
I think that these bounces, which continue to be sold as soon as the upside stalls out, should continue to fail on one more push higher towards 770-71 area again. If broken through instead, could get a move up towards 74 or maybe even up to 77 are

30 Jan 2017 02:12 pm
69.75 sold and holding under 70.50-70 can mean another pullback that needs to bounce off off of 68.50-68.00 or else anymore would be coming back down to 66.75-66.00 pivotal support

30 Jan 2017 02:20 pm
my internal gauges should be at or very close to extremes on the downside and possibly across-the-board with the VIX reversing today. right now another rejection just under 71 and almost at the 2:20-2:40 PM timeframe for a turn or breakout that can

30 Jan 2017 02:25 pm
the ES has trade between 71 and 66.25 cents around 11:15 AM and should keep ppushing higher if pullback holds over 69 area which it should to keep the snowing

30 Jan 2017 02:30 pm
there is some resistance at the 73.25-74 area but if not rejected there is a kind of a long shot chance for the ES two go up towards 76-77 area although doubt that today.

30 Jan 2017 02:36 pm
76 is a 38% retracement from 96.50 all-time high to today's low, 77 is 50% retracement from 90.50 late Friday high heat today's low.. 76-77 was prior top of 13 day trading range also. Just a bounce unless that 76-77 area broken aat least.

30 Jan 2017 02:40 pm
tiny double top with the 73.25 level coinciding with the people bounce high before stair stepping down to 66 and then the 63.25 low.. Unless broken just a bounce and needs to hold 71 area Now on a dip or uptrend begins to break

30 Jan 2017 02:46 pm
bounce off of 71 so far and needs to hold and make a higher high over 73.25 or else begin to roll over in the last hour instead of continuing to grind higher like it has been doing so far

30 Jan 2017 02:48 pm
should be a top in at 73.25 and come back down through 71 the 69 level that needs to hold or else come back down towards 66.75-66 major area this afternoon

30 Jan 2017 03:01 pm
the pullback turned up from 70.50 and holding to avoid a potential further breakdown and attempt to keep this move that started jj likelyust before 2 PM from the 66.25 key support. Should run up through 73.25 was some gusto or else will double top

30 Jan 2017 03:07 pm
needs to hold 69 it will avoid a potential breakdown to test or break 66.75-66.00 area or maybe break that area

30 Jan 2017 03:10 pm
so far a feeble bounce attempt up that goes through 72.50-73.50 without turning right back down but getting some upside momentum instead

30 Jan 2017 03:27 pm
we have a 2:35 PM top, in the 2:20--2:40 time frame, and choppy pullback down to the 69 level and attempting to bounce but should fail again and come back down towards 66.75--66 major area IF a break through 69 is not turned right back up

30 Jan 2017 03:31 pm
likely the last 30 minutes has been rally time with the market being so complacent with the VIX down in the low 10s and with internal gauges at or near across-the-board oversold extremes should avoid going down to 67-66 and avoid further breakdown

30 Jan 2017 03:37 pm
the partial short position for a swing trades was covered today with a nice size profit, and I am going to be giving out more of these kinds of trades if there is little risk and good reward and time to get it out in a timely fashion..

30 Jan 2017 03:39 pm
aat the end of the day the ES will need to get back above 72.50-73.50 and be able to stick and push higher.. If not able to get above that area, back down towards 69 possible again

30 Jan 2017 03:39 pm
have a great rest of your day. I'll meet you here in the morning with a quick, that before going online. Until then have a great day!
 

 

INTRADAY LOG FOR THURSDAY - JANUARY 26, 2017

26 Jan 2017 09:09 am
good morning. With my indicators at extremes we should get two-sided action today and possibly a decent intraday pullback and not just a 2-3 point dip

26 Jan 2017 09:12 am
but it should stay out of trouble holding 91.25-90.25, and breaking through that area and not getting turned back up could begin to change things

26 Jan 2017 09:21 am
has to get over 94.50--95.50 and hold back 94.58 area on a dip or else breakdown 91.25-90.25 and only have a small bounce after for a move under support.. Favoring short side appear

26 Jan 2017 09:26 am
could be a pop-up that comes right back down as it should be very hard to hold gains today

26 Jan 2017 09:30 am
93 needs broken

26 Jan 2017 09:31 am
should be sold at 94.50-95.50 and come down again here

26 Jan 2017 09:33 am
still need to go hundred 93 and not bounce right back up

26 Jan 2017 09:35 am
if high not in it should reject the higher high and come down again if there is going to be in early pullback, otherwise a turn 20-40 minutes into the day

26 Jan 2017 09:38 am
should be a high end and short under 97 just in case of a token higher high

26 Jan 2017 09:39 am
in order to begin a breakdown 94.50 needs broken through and then keep going down through 93 to put pressure on

26 Jan 2017 09:41 am
if by chance they do make a higher high before breaking down hundred 93 (which should not happen if actual high in place most likely) it will only be a slightly higher high and come down again but that is a top iit appears

26 Jan 2017 09:42 am
if you are short and still holding you might consider this a swing trade and hold for a move of at least 8-10 points.

26 Jan 2017 09:53 am
91.25-90.25 needs broken before the uptrend to break and then go to 88-87 only if that happens. should hold under 94.50-95.25 to make another breakdown. See you online at 10:30 AM

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


26 Jan 2017 12:02 pm
the ES made a double top at 96.50 and a double bottom at 91.75 and has bounced around inside of that 4.75 point range or morning and should break to the downside

26 Jan 2017 12:03 pm
91.25-90.25 should be tested for broken and go towards 88-87 area

26 Jan 2017 12:14 pm
with indicators at or very close to overbought extremes and double top made in a stretched market 2 sided action today. bounces should continue being sold, and as long as 91.25-90.25 holds the market avoids breaking down

26 Jan 2017 12:16 pm
I will be back around 1:15-1:20 PM and will update at that time, only before if I am free and and update is necessary

26 Jan 2017 12:46 pm
at the 91.25-90.25 area and a bounce needs to take out 92.25 and then 93.50 if it is going to try and turn around but a failure at one of those areas should mean one more push lower at least

26 Jan 2017 01:12 pm
the Dow is beginning to roll over and could be headed to break what was a triple bottom and the ES should continue being sold and test or break 90.58 area

26 Jan 2017 01:15 pm
ES needs to get over 93-94 is our and hold above it in order to get out of potential trouble and breakdown possibility/likelihood

26 Jan 2017 01:19 pm
market was set up for a decent pullback and a move under 90.50 that holds under 92 on a bounce could continue down to court through 88-87 major area for today

26 Jan 2017 01:21 pm
should be breaking down towards the 88-87 area now but if a bounce instead it should hold under 91.50-92 at the high at and turned down to continue down there or lower to or through 84 area

26 Jan 2017 01:24 pm
89.50 low of the day so far and a turned down from 91-92 should happen to get another move lower to a token lower low and reverse back up again

26 Jan 2017 01:33 pm
should be rolling over again from 91.50 bounce high and the NQ could be a leader on the way down as the Dow is moving slower but has also broken down through its support

26 Jan 2017 01:36 pm
on the 5 minute chart there was a bullish candlestick pattern for a low and now as long as 90.50 is held the market will avoid a bigger pullback and could attempt another rebound

26 Jan 2017 01:41 pm
they did take out 91.50 and now 90.50 should not be seen again today or else there could be a breakdown. Right now there should just be a small pullback hold around 91.50-991.25 at lowest and turned up to avoid that. One more pop-up from here turn

26 Jan 2017 01:47 pm
must take out 93 or else pullback to the 91.50 level or lower before another bounce attempt

26 Jan 2017 01:51 pm
could be a short with a tight stopped around 93.25 for a scalp down to 91.50

26 Jan 2017 01:54 pm
this is going to need to go down in the next couple of minutes or else it will pop-up above 93 instead but if a move over 94-95 it should fail

26 Jan 2017 01:57 pm
92.50 is the bounce high so far and just under the 93 last lower high made before the move to the 89.50 low, and should come down to 91 area but not break 90.50 if a low is in and not going to the 88-87 area

26 Jan 2017 02:00 pm
with 91.75 holding, there should be a move over 93 and if so ggo for the 94.50--95 area to give good resistance if reached

26 Jan 2017 02:04 pm
market has made a habit lately of bouncing back into the close or very late trading, however this move started a about 1 hour to early today. should another pullback that to hold 91.75-91.50, then rally again starting between 2:20-2:40 PM

26 Jan 2017 02:13 pm
small pullback to 91.75 again held again and must continue holding or go to 90.58 aand possibly breakdown

26 Jan 2017 02:17 pm
has to make a move up over 93.50 and hold 92 on a dip. Otherwise this stalling out under 92.50 can start a pullback

26 Jan 2017 02:26 pm
look for this moved to keep going 94.50 area before a pullback again

26 Jan 2017 02:31 pm
94.50 was rejected a bit and now any pullback needs to hold 93.50-93 at the very lowest and turned up to keep the ES in a good uptrend.

26 Jan 2017 02:37 pm
with a pullback holding at 93.50 and turning up again it keeps this good trend up with going to the 95.50 area next and could make a run at the 96.50 double top made this morning

26 Jan 2017 02:41 pm
95 was just missed and ES is backing away. Look for one more pop-up for a short as it should come back down again and not hold over 95 if it happens to be broken.

26 Jan 2017 02:46 pm
still is going to have trouble getting over 95 and holding so unless that happens seven the ES will come back down through the 93 pivotal level and not turned right back up again

26 Jan 2017 02:49 pm
hholding the 93.50-93.00 area is very important if going to get one more push higher above 95 and avoid the start of a potential breakdown

26 Jan 2017 02:52 pm
well it looks like stalling out just under the 95 level is going to lead to a pullback or drop starting at or around 3 PM. Needs to take out 93.50 and hold to get any momentum

26 Jan 2017 02:58 pm
7 point range today with a double top at 96.50 and not holding above the 94.50-95.50 area very long at all

26 Jan 2017 03:00 pm
just before 3 PM pullback starting and knowing back under 93 and not bouncing right back should keep this under pressure.. This is going to be bearish today uunless 95 broken/held

26 Jan 2017 03:07 pm
pressure will stay on to go through 92 and maybe even the low area

26 Jan 2017 03:12 pm
break and hold under 93 area Pressure on and so far 91.50 has been reached and could still go down to 88-87 if no sign of a turn around on a further break under 90.50 support

26 Jan 2017 03:16 pm
bbouncing off of 91.50 still inside of today's range and if there is going to be another strong close than that level needs to hold and the ES take out 95. That should not happen though. Bounce should fail and another like down

26 Jan 2017 03:22 pm
still going to breakdown further holding hundred 93 as the ES just turned down from 92.75 and will be on its way to four through 90.50 unless 93 taken out and then held on a dip after that

26 Jan 2017 03:27 pm
trying to start the "normal" late day rally from the stall at 91.50 but still needs to get above 93-93.50 and hold or else still will be in a week position and had lower

26 Jan 2017 03:34 pm
in the last 30 minutes the ES needs to hold at or above 92 and turned up to avoid a late day drop. whatever happens, a bounce should have trouble getting above 95 and holding up there.. should be sold right back down if 94-95reached

26 Jan 2017 03:53 pm
990.50 was reached but bounces the still failing and should close week before the week... Have a great rest of your day!

 

INTRADAY LOG FOR WEDNESDAY - JANUARY 25, 2017

25 Jan 2017 09:05 am
good morning. the market is going to have a gap up open that should be sold unless another buying frenzy

25 Jan 2017 09:09 am
with the Dow getting over 20,000 and holding up there. A pullback needs to hold around the 80 area, or else around 78-77 area important

25 Jan 2017 09:19 am
it looks like 85 needs cleared and hold 84.50 and turn up again to extend the upside a bit more before a pullback

25 Jan 2017 09:21 am
or take out 83.50 and then hold under 84--84.50 and turned down to go down to 8.50 and fill the gap or more

25 Jan 2017 09:28 am
this can be a blow off top today with some euphoria and get internal gauges stretched on the upside and then would look for a swing trade again on the short side. Not in this buying frenzy at the moment, although parabolic moves can't break hard a

25 Jan 2017 09:32 am
that could be it for the upside early if this does under 64 and that gets turned back up right away

25 Jan 2017 09:33 am
220,033 was reached and pulling back and needs to hold that level and the ES hold 84 or a breakdown towards 80 could happen

25 Jan 2017 09:34 am
ddown needs to come down through 20,000 and ES keep going down through 84 also and early high should be in for a while

25 Jan 2017 09:36 am
turned up from 84.50 and just above 84 which should be a key area to hold along with 20,000 on the Dow to avoid a reversal from up here and bounces fail

25 Jan 2017 09:41 am
still holding 84.50--84 but rejected three times from 86.75--87.25 and is now bearish unless broken and held

25 Jan 2017 09:42 am
needs to take out the 87-88 "rresistance" area in order to avoid a top

25 Jan 2017 09:43 am
90-91 resistance in case of a move over 88

25 Jan 2017 09:44 am
going to need to take out 85--84.25 lows of the day session to turn down

25 Jan 2017 09:47 am
*a chance for a breakdown if that a good bounce off of 86.50

25 Jan 2017 09:49 am
86.50 tested the high for the fourth time poking up there and needs to take out 87.50-88 and not turned right back down now very soon for the upside to continue and not roll over

25 Jan 2017 09:52 am
the VIX turned up from all the way down at 10.59 shortly before the open and very stretched as would be internal gauges if a close this strong, and upside tough unless buying frenzy again

25 Jan 2017 09:54 am
a token higher high but to top out should take out 86.50 and not turned right back up along with the Dow going back under 20,000 which held twice so far

25 Jan 2017 09:56 am
otherwise grind higher and must take out 88 and only tiny pullback for a move up to or through 90-91 resistance area

25 Jan 2017 09:58 am
87.75 reached but not through 88 yet and needs to hold around 87 now to get up to or through 88 and not begin to pull back or breakdown from up here

25 Jan 2017 09:59 am
I will meet you online around 10:30

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


25 Jan 2017 10:05 am
top if 87-86 breaks

25 Jan 2017 10:13 am
92-93 resist / 2301.25-2301.75 IF blow-off top

25 Jan 2017 10:20 am
early hi in , if new hi sold

25 Jan 2017 12:00 pm
after running up to 90.25 a pullback to 87.25 prior resistance/new support held and a higher high at 92.75 was reversed and so far another pullback to 87.50 held so far. Obviously 88-87 key area to hold or else 84-83 area and 20,000 area on the D

25 Jan 2017 12:09 pm
if there is going to be another drop back down to test or break below 88-87 then 90.50 should not be taken out and able to hold very long at all

25 Jan 2017 12:12 pm
with a bounce high at 90.25 so far and just under 90.50 new resistance this can go down to or through 88-87 and if it does then 84--83 is next support

25 Jan 2017 12:14 pm
a move above 90.50-91 that does not get turned right back down again is needed to go to 92.75 all-time high and possibly heading towards 2300 before this is all over with.

25 Jan 2017 12:28 pm
it looks like this is going to get through 90.50-91 and if so then another pullback should be bought also as 88-87 area will be a low for the move and a chance for a test or even slightly higher high. Also 123 top possible, about anything is at

25 Jan 2017 12:29 pm
in any case I will be away until around 1:20 PM and will update before then only if possible which is unlikely today

25 Jan 2017 01:23 pm
that ES went up to 91 and had a small pullback and just made it back to with then 2 ticks of the early high at 92.75 and needs to get through that high and not turned right back down to keep this uptrend from reversing making a double top right

25 Jan 2017 01:28 pm
the NQ just made a new high by 1 point and back away a little bit and should continue holding 5139-5138 to keep its strong uptrend intact, same with 91-90.50 on the ES

25 Jan 2017 01:32 pm
double top at the moment and breaking under 91 can get some momentum or better move lower at least

25 Jan 2017 01:36 pm
bouncing back from double top attempt and needs to go right up through 72.75 or else another small pullback at least

25 Jan 2017 01:41 pm
after coming up from the 87.50 pullback low at prior resistance/new support there was a 2.25 point pullback and from 92.25 just a 1.75 point pullback and with a good underlying bid another

25 Jan 2017 01:42 pm
another pullback should be small and 1.75-2.25 should be about maximum pullback that should occur from this high to keep upside gain gear from up here

25 Jan 2017 01:49 pm
a token higher high at 93.25 should hold 91 area or else could be another pullback similar to the pullback from 992.75 down to 87.50 earlier

25 Jan 2017 01:50 pm
92.25 down to 87.50,, and that would be 4.75 points from the high at 88.50

25 Jan 2017 01:55 pm
1.50 point pullback from the high turned back up again as 1.50-2.25 point dips should continue holding and grinding higher for this to continue on up to or through that 94 area and maybe higher

25 Jan 2017 02:00 pm
the ES already made it to the 93 area today and many targets around 2300-2320 which certainly could be reached at this pace. But not without a shakeout of some sort starting early as this afternoon or early tomorrow

25 Jan 2017 02:01 pm
, as internal gauges will be across-the-board extremes– and even though across-the-board new all time highs should bring in early buying tomorrow, that would be sold into

25 Jan 2017 02:03 pm
93.75 was just rejected just under 94 number which is last before 2300 area. If not broken/held then late day pullback/drop possible

25 Jan 2017 02:08 pm
another token high sold and now must bounce after 1.50-2.25 points for last and make a higher high for this to continue and not begin to breakdown

25 Jan 2017 02:12 pm
back-to-back trended days are not the normal, and this may not turn out to be one but has been, as this creep higher being sold on every higher high eventually will run out of buyers on debts and sellers could get the upper hand after dropping more

25 Jan 2017 02:13 pm
the NQ looks like it has topped and only the up sloping Dow helping the ES at the moment. NQ better short up here

25 Jan 2017 02:14 pm
the NQ should have trouble getting above double tops rejected at 5146.25. A short unless broken/held this afternoon on that index now

25 Jan 2017 02:14 pm
the NQ should have trouble getting above double tops rejected at 5146.25. A short unless broken/held this afternoon on that index now

25 Jan 2017 02:21 pm
still grinding higher and should make a higher high at 94 or more before any kind of small pullback of 1.50-2.25 points or lower. The NQ could take out its high if it continues a couple more points here without turning right back down

25 Jan 2017 02:25 pm
unless something changes in this time frame you can still buy dips with a stop that is about 2.50 points from whatever the high is, if it stalls or starts turning up at or just above whatever that level is

25 Jan 2017 02:28 pm
so buying a pullback of about 1 point would have you put a stop just 1.50 points under your entry, and you would continue bringing the stop up as the ES points higher

25 Jan 2017 02:29 pm
– if it does. Always could finally roll over >1.50--2.25 points and change things – that's trading. Things go ALWAYS go as planned but so far so good all day doing that

25 Jan 2017 02:31 pm
94.25 high of the day on the ES while the NQ still held below its double top at 2146.50, and if there is going to be a decent pullback it should happen under this set up – especially NQ

25 Jan 2017 02:33 pm
working like a top and should be sold on a bounce attempt with double top on the Dow and NQ

25 Jan 2017 02:35 pm
it is the 92 area were a bounce needs to come from to avoid potential breakdown or topping pattern only if broken and not turned right back up

25 Jan 2017 02:38 pm
has to make another token higher high before turning down again or odds are better for a decent pullback.. It should the way the market has acted all day and the NQ perking up again. That needs to be watch for another lower high here

25 Jan 2017 02:39 pm
slightly lower high made so far and needs to bounce off of 92 in order to keep steady crawl higher from breaking down and topping at 94.25 at 2:25 PM and the 2:202:40 PM reversal time frame

25 Jan 2017 02:41 pm
with 90 minutes left either walls began taking profits or buyers backing away, and if there are any shorts left then they could join in to push lower

25 Jan 2017 02:48 pm
bouncing from a 2.75 point pullback and needs to have a strong bounce now or else top in place and bit more on the downside at least

25 Jan 2017 02:54 pm
this will be under pressure now holding under 92 area and would need to get above and hold that level or else further breakdown instead of another bounce back to test highs. NQ is in choppy downtrend in should hold under 5142 area

25 Jan 2017 02:54 pm
this will be under pressure now holding under 92 area and would need to get above and hold that level or else further breakdown instead of another bounce back to test highs. NQ is in choppy downtrend in should hold under 5142 area

25 Jan 2017 02:55 pm
we have a high at 2:25 PM that should stay in place with bounces failing below that area the rest of the afternoon and a chance for a drop back down towards 88-87 – major area now

25 Jan 2017 03:04 pm
I mentioned the double top on the Dow before it dropped 30 points was a "by the e-book" 123 top set up at 2:25 PM and the Dow will need to rally back up through 20,080-20,082 end of day

25 Jan 2017 03:05 pm
this should just be a bounce before another push lower with pressure on holding under 92.50 area still

25 Jan 2017 03:07 pm
that 94 level that I gave earlier in the day for a minor area before getting to the 23,000 area has turned out to be a high today and should be selling off at the end of the day still unless resistance on the ES and double top on down cash bo

25 Jan 2017 03:09 pm
and that double top on the Dow cash at 20,080-20,082 is also broken through. Won't happen if not a good bounce off of 91--90.50 area at lowest

25 Jan 2017 03:14 pm
with the market internals still strong enough to get my indicators at extremes along with the VIX falling to 10.51 before turning up, and first venture above 20,000 on Dow, odds are good for decent retracement of up move..

25 Jan 2017 03:18 pm
should continue seeing any bounces be sold as this goes down towards 88-87 or lower this afternoon

25 Jan 2017 03:18 pm
if there happens to be a break down under 88-87 then 84 area would need to hold or else could be a big reversal day down towards 80.50 but doubt that

25 Jan 2017 03:20 pm
this will still be like 1990 and 3000 on the Dow if it happens to drop back down and closes below 20,000 today.. so eerily

25 Jan 2017 03:25 pm
tthis slow that was just made at 90.25 needs to hold for the rest of the afternoon now or else ES goes back to 87.50 area and the Dow cash around 20,020-20,015

25 Jan 2017 03:27 pm
a moved back above 92.50 area would need to hold and keep pushing higher, or another level pullback before closing

 

INTRADAY LOG FOR MONDAY - JANUARY 23, 2017

23 Jan 2017 09:15 am
Good morning! the ES is on its way up from 58 area overnight and needs to either bounce off of 60.50-59.50 area yet again or take out the 66--67 area and hold

23 Jan 2017 09:23 am
this should be under pressure if going under 63 area and holding. If there is another little pop-up it should be sold into then a decent pullback must be bought today or finally breakdown

23 Jan 2017 09:23 am
I will update the low bit after the open but selling bounces should be better odds

23 Jan 2017 09:28 am
I think that 663-62.50 area could be kind of pivotal early in the day. Has to bounce off of that instead of break and hold to put more pressure and break last Friday's lows at support

23 Jan 2017 09:34 am
61.50 just above support giving a bounce so far to 64.50 and if that is not a top then 66 area Could be tested then and must be taken out and held

23 Jan 2017 09:36 am
should try for 66 or more on this move and hold over 65.50 in order to avoid reversing and try getting above 67.50-68.50

23 Jan 2017 09:39 am
top just under resistance so far and needs to bounce from 64 area at the lowest it looks

23 Jan 2017 09:41 am
resistance was sold and needs to take out 65 and not turned right back up or breaking down

23 Jan 2017 09:50 am
top in place at resistance and pressure should stay on holding under 66 right now

23 Jan 2017 09:54 am
65 resistance on a bounce that needs broken and held after that in order to attempt a turnaround instead of continuing this move downtto or through 60.50-59.50

23 Jan 2017 10:07 am
needs to get over 64.50 and not turned right back down or continue downtrend

23 Jan 2017 10:14 am
should hold under 63 area now and not break and hold back to go down under 60.50-59.50

23 Jan 2017 10:17 am
with the ES welling up and rejecting resistance and now down at key support it should take this out and breakdown to the 58 area or lower

23 Jan 2017 10:18 am
lower the stop on swing trades position to 64.50 now, and keep the position on for now to 48 area as a possibility

23 Jan 2017 10:24 am
61-61.50 is downtrend resistance to clear and hold on a gap or downtrend continues

23 Jan 2017 10:28 am
turned down from 60.50 as that turns into new resistance which must be taken out and held on a gap or downtrend continues as it has been following the EMA's on the one minute chart now

23 Jan 2017 10:33 am
a break under 57 area will need a good reversal with gusto or continued towards 54-53 next and likely 48-47 or lower as a 1% move possible today

23 Jan 2017 10:42 am
still holding 55 and a bounce over 58 area and hold 57.50 at lowest to attempt getting a bottom in place for a bit

23 Jan 2017 10:49 am
stalling just under 58 at the moment and needs to hold 56.50 or else another push lower to the 54-53 zone

23 Jan 2017 10:51 am
60.50-61.50 is key resistance the rest of the day to get above and hold. Prior support/breakdown area/50% retracement of today's range..

23 Jan 2017 10:55 am
put your stop on shorts at 61.50 as that would assure about 8 points profit on that part of the trade at worst. Target at 48-47 at the moment. Maybe 53 if reached and begins to turn

23 Jan 2017 11:03 am
should continue holding under 57.50-58 if there is going to be a lower low made this morning and set up bouncing back towards 60 area

23 Jan 2017 11:08 am
could go as far as 60.50-61.50 area but should not go that far before some sort of small pullback at least and maybe bigger pullback.

23 Jan 2017 11:13 am
58.50 bounce high and failing under 60.50-61.50 should keep pressure on to test the low or a higher low unless headed down to the 54-53 area on this move

23 Jan 2017 11:17 am
double bottom at the moment but must get over 58.50 on this move to have a low in place for a while

23 Jan 2017 11:23 am
55.25-55.00 bottoms so far and needs to hold over that area and take out 58.50 if there is going to be a chance to getting to 60.50-61.50 sometime today. with selloff from resistance breaking 57 should go to 54-53 sometime

23 Jan 2017 11:27 am
almost to the 54--53 support were a bounce must come from or continue down to the 48-47 major area that must told to avoid a potential 1% down day today and drop all the way down to 43

23 Jan 2017 11:31 am
with this selling off from 67.50 initial resistance and now bouncing from 54.25 and just 1 tick above the 54-53 major #2 area today, major area at 60.50 could be seen but should turn down from 57.50-58.50 if still week

23 Jan 2017 11:38 am
bounces continue to fail and holding under at 57.50--58.50 will keep pressure on to test or break 54--53

23 Jan 2017 11:44 am
57.50 has turned into new resistance to clear and not get turned right back down from there in order to attempt a bit of a turnaround up towards 60.50 major area for today now. 54-53 can be tested//broken otherwise

23 Jan 2017 11:50 am
drop down to 51.75 and should stay under pressure holding under 54.50-55.25 area on a bounce and not get above and hold that area instead

23 Jan 2017 11:54 am
with this swing trade you can either exit at the 48-47 support area or trail a stop of about 3.50-4.00 points after 48-47 is reached and hold for the 43 area to exit. Lower stop on this to 58 now, still about 12 point profit on that half even if stop

23 Jan 2017 12:03 pm
54.50-55.25 area is bounce resistance to clear and hold on a dip to attempt a turnaround. bounces have been failing and coming back down again and will continue unless that area is cleared/held at a minimum

23 Jan 2017 12:10 pm
this has been trended down kind of action and will continue unless 55.25 area is broken a bounce and held on a death after that. Should be failing on the way to or through 48-47 otherwise

23 Jan 2017 12:19 pm
a double bottom in place around the noon time trading and should hold and take out 55.25 and if that occurs than a small pullback should hold then turned up and make an attempt at 59-60 area or a bit more

23 Jan 2017 12:24 pm
if you still have a link trade on, cover at 55 or better to get about 15 points from this second part of the short position and will work to reestablish on a decent bounce

23 Jan 2017 12:26 pm
I will be away today in tow around 1:20 PM and will update before then only if I am free and it is necessary. Even if there is a blow in place, a bounce is not going to be straight up but should have trouble and especially if a test of 57.50-58.50

23 Jan 2017 01:16 pm
the ES made it back to the 57.75 level so far and 67.50-68.50 new updated resistance holding for a pullback down to board through 55 area which if broken could lead to test of the lows

23 Jan 2017 01:26 pm
since making the double bottom at the 1.75-52.25 the ES only had 2 pullbacks of just 1.75 points and 2.50 points and a quick pullback after touching 58.25 resistance needs to hold 55.75 at lowest or break upside symmetry and trend with bounces th

23 Jan 2017 01:37 pm
on the other higher low on the last pullback at 56.25 was turned back up and the 57.50-58.50 new resistance broken through and should be support now at 58.50--57.50

23 Jan 2017 01:38 pm
should not come back down to the 58.50-57.58 area went out getting turned back up again now for this to stay in good shape with a low in place

23 Jan 2017 01:51 pm
needs to bounce off of 58.50-57.50 or else just a bounce high that's in place and could go back down under 55 in order to get a reversal of this move

23 Jan 2017 01:51 pm
needs to bounce off of 58.50-57.50 or else just a bounce high that's in place and could go back down under 55 in order to get a reversal of this move

23 Jan 2017 02:02 pm
not going to bounce much it appears but if it does it should not take out 61.50 and be able to hold above that level. Should evening get all away up there if going to take out 56.25-55.25 further breakdown area

23 Jan 2017 02:07 pm
holding under 56.75 should keep some pressure on to test or break under 56.25-555.25 which would be a further breakdown if broken through again and not turned right back up

23 Jan 2017 02:11 pm
this slow move down after that 10 minute run up is very close to the 56-55.25 prior low area which if broken through opens the door for another move down to Newport through at least 54-53 and maybe all away to the 48-47 major area below

23 Jan 2017 02:12 pm
if we get another decent bounce attempt that turns down from somewhere around or just above 60 reenter short position.. Probably not going to happen before new lows are made

23 Jan 2017 02:12 pm
if we get another decent bounce attempt that turns down from somewhere around or just above 60 reenter short position.. Probably not going to happen before new lows are made

23 Jan 2017 02:15 pm
trying to bounce off o 56.00 new support/breakdown area and needs to get above 58.50--59 or a good downtrend still in place to go to at least 54-53 i 56-55.25 broken through

23 Jan 2017 02:22 pm
trying to hold 56 but will break through unless 57 is taken out and not turned right back down

23 Jan 2017 02:28 pm
it has gone sideways at/just above this new support//breakdown area at 56-55.25 and if it's going to breakdown it should do so in this 2:20-2:40 PM timeframe

23 Jan 2017 02:34 pm
the ES started its spread higher from 56.25 at 1:30 PM, the move lasted 5 minutes and came back down to where it took off from. that dynamic support is key, must told now this afternoon to avoid breakdown. Turned up again at 2:26, need to break/hold

23 Jan 2017 02:35 pm
above 59 area and not turned right back down

23 Jan 2017 02:45 pm
pretty choppy with a quick drop to 56.75 and bouncing right back and could attempt a move back over 60 which would need to hold instead of being sold into a second time, which is most likely with bounces not sticking today

23 Jan 2017 02:59 pm
should continue to hold over 58.50 to keep the uptrend from breaking and another shot of taking out 60.58 area instead of a late day pullback today instead

23 Jan 2017 03:05 pm
slow move higher like the slow move back down so far and so far reached 60 and should keep going to or through 60.50-61 area where a double top is possible tthe way the market has acted today

23 Jan 2017 03:08 pm
the ES is backing away from 60 again and needs to get about 60.50 at the end of the day or else the market is going to still be vulnerable for another decent sized pullback tomorrow

23 Jan 2017 03:11 pm
could end up drifting back down to or through 56 area again if the ES cannot hold over 58.50 area but breaks that and stays under 59 area afterwards instead

23 Jan 2017 03:18 pm
58.50 was broken but this can stay in a downtrend and get sold again around 59 area if it is going to stay in a weak position and set of having a chance for another late day run up

23 Jan 2017 03:24 pm
"normal" and of day brought up getting another leg higher from 57.75 pullback low and should go up to the 62 area before any kind of pullback

23 Jan 2017 03:29 pm
I am going to hold off reentering swing trade on the short side until tomorrow morning I think. This or a little bit higher up would be an ideal spot, but just not as sure. More stocks up than down today, but underlying selling into those showing di

23 Jan 2017 03:31 pm
in any case, there is a double top of sorts in place right now at 61.25-61.75 that needs to be cleared/held at the end of the day in order to and on a strong note and not back down towards 58 or lower again

23 Jan 2017 03:33 pm
need to hold in turn up from this 59 area or could go back down to or through 57.75 prior pullback low maybe lower if it does reverse. If not we could get back to 61.50-62.50 but likely not stay there very long

23 Jan 2017 03:34 pm
have a great rest of your day. I will me you here in the morning with a comment before the live session begins. Take care!

 

INTRADAY LOG FOR FRIDAY - JANUARY 20, 2017

20 Jan 2017 09:09 am
Good morning everybody! with the market starting this leg up on election eve and could top on inauguration day today, but we will see. After touching 53 at 2:20 PM yesterday

20 Jan 2017 09:12 am
the ES turn on a dime and rallied 9.50 points and is going to open with some euphoria. This should be sold into and then a decent pullback should get bid back up

20 Jan 2017 09:18 am
has to get above 67 at least and hold up there for a chance at a higher high in yesterday's 69.50 high. Should come down towards 63-62 otherwise

20 Jan 2017 09:21 am
early pullback has already started and there must be a run up instead of a drop from 63--62. I will update a little bit after the open.

20 Jan 2017 09:27 am
has to get over 65 and hold or else continue pulling back

20 Jan 2017 09:29 am
bouncing from 63 new support and will need to hold that area to avoid breaking down and bouncing early instead

20 Jan 2017 09:33 am
at 69.50-70.50 resistance and a pullback has to bounce off of 67 or could be coming back down to work through 65 area. If 70.50 broken//held 73-74

20 Jan 2017 09:37 am
almost to 73-72 and should back away and needs to hold 70.50-69.50 or else a high could be in

20 Jan 2017 09:40 am
another all-time high on the NQ again today, and if the ES cannot get up to the 77 area today the Dow still will not be even close to 20,000

20 Jan 2017 09:41 am
73-74 needs to be broken and not turned right back down or early high could be in place on a move back under 68 area

20 Jan 2017 09:43 am
72.75 high just under resistance and should not be taken out now thank him down towards 69.50-68.50 that must told or else bounces should fail

20 Jan 2017 09:47 am
so far pullback to 69 and need to turn up with some guests oh or else this bounce should fail also and come down through 69 after that failure

20 Jan 2017 09:53 am
only a feeble bounce from 69 and should come down to around 67 and no farther to avoid further drop and top left in place

20 Jan 2017 10:00 am
should be a lower high and turned down and that could be the bounce high already, however if the high is taken out then 74 should be key and must hold or reversal from token higher high instead

20 Jan 2017 10:01 am
time to buy some put options with a stop at 74

20 Jan 2017 10:07 am
oor wait until a break under 69 to break the prior resistance acting as new support, then short bounce that follows. Has to break that level for a reversal from up here.

20 Jan 2017 10:08 am
so far the NQ a little bit similar to yesterday running up to new all time high and reversing and appears that the 5072 level needs held or it breaks down

20 Jan 2017 10:14 am
the ES ran up to just below the 73-74 resistance and so far only pulled back to 69 and just under prior resistance/new support at 70.50-69.50, and a lower high should be made

20 Jan 2017 10:14 am
just backed away and could be secondary top and take out 69 to begin breakdown

20 Jan 2017 10:21 am
attempting to hold 69 but unless 71.50 broken it's going to end up taking out 69 and possibly go down towards 67 or more if that happens

20 Jan 2017 10:24 am
bbreaking down and a high for the day could be in place especially the NQ if this holds under 70.50 area

20 Jan 2017 10:28 am
the NQ has been much easier to short and it will be bearish holding under 5072 area highest

20 Jan 2017 10:31 am
on the NQ it's 9 and 18 EMA on the 1 minute chart has acted as dynamic resistance and downtrend guide to keep an eye on.. ES should turned down from under 70.50 for continue downside

20 Jan 2017 10:33 am
67.75 pullback low on the ES so far and another push lower needs to hold 67 area or make a lower low for the day session which is 66.25

20 Jan 2017 10:39 am
fuel bounce so far and has to get over 70.50 or else this bounce fails and the ES goes down to or through 67-66

20 Jan 2017 10:43 am
bounces failing, with the NQ still having the cleanest and easiest to trade pattern. Has to bounce off of NQ low or else bigger breakdown on that index underway

20 Jan 2017 10:48 am
the NQ and ES are going to keep chopping lower unless for some reason the Dow, which has been going sideways instead, gets bid up to its highs or more. Market should be under pressure under 69.15 now

20 Jan 2017 10:55 am
68-67.75 area held twice so far on the ES and so far just a 5 point pullback so if failure to get above 70.58 can come back down to test/break through 68 area

20 Jan 2017 10:57 am
if 70.50 is taken out and not turned right back down, then it can try for 71.50 and should be turned back down or it's on its way up to 73-74 – the way it's acting that won't be easy. Need NQ back above 5070

20 Jan 2017 11:01 am
just a 5 point range off of the high,, and now a small pullback should hold 69 at lowest for this to try pushing a little bit higher

20 Jan 2017 11:03 am
this is going to have a hard time getting back above 70.50 and holding up there it appears and less the Dow can run up and take out its high and the NQ get a bounce take ou 5068-5070/hold

20 Jan 2017 11:04 am
still must told 69 to have a chance at taking out 70.50 and then trying to hold and not reverse

20 Jan 2017 11:12 am
bounce high could be in place now at 70.50 going under 69 and not turning right back up

20 Jan 2017 11:16 am
69.25 held so far and needs to take out 69 four uptrend – sort of – stays in tact

20 Jan 2017 11:21 am
the ES is shopping around trying to find direction while the NQ is coming down after stalling at 5065.50 and would need to get above that level and especially 70 area and hold for a breakdown of its downtrend

20 Jan 2017 11:22 am
ES simply needs to continue holding 69 or else began to break a choppy ssideways/higher move at the moment

20 Jan 2017 11:24 am
another level pop-up on the ES will be sold

20 Jan 2017 11:26 am
another drop to the 68 area can mean breaking down even if a bounce as that would fail and then come back down again

20 Jan 2017 11:29 am
I have been expecting a good size move on this Friday, though I didn't think the ES would challenge its 73.50-74 resistance, which it failed just below this morning. That could turn out to be an important top and sizable pullback/selloff

20 Jan 2017 11:30 am
I mentioned buying some put options earlier, and as long as 74 is not broken/held this afternoon I'm going to hold them. We still have the Dow 180 points from 20,000

20 Jan 2017 11:31 am
third time testing 68-67.75 and will be broken eventually after small bounce attempt sold.. Going down to 65 area and holds support

20 Jan 2017 11:38 am
a fourth time down to 67.75 likely would be broken in which case test for break 66.25 day session low and possibly a bit lower before a bounce attempt

20 Jan 2017 11:46 am
again today there was a higher open reversed today after 10 minutes of trading while the NQ making new all time high also and also reversing. Slow action into the afternoon, then short break lower. So must hold 68 area

20 Jan 2017 11:49 am
with 70.25 being rejected this can come down through 68 and would need to immediately turned up or else breaking down maybe like yesterday

20 Jan 2017 12:00 pm
the little pop-ups still being sold even with the NQ making a little run up

20 Jan 2017 12:02 pm
and the little pullbacks are being bought in this very tiny range while the inauguration has been going on, and should begin to make its move soon. The Dow is sideways, and some pressure should be on with double top 19,843 to take out to change that

20 Jan 2017 12:04 pm
I imagine after new president Trump finishes his speech the market will begin to make a move.. still bigger picture top in place unless 73--74 taken out this afternoon and not immediately turned back down

20 Jan 2017 12:07 pm
top should be in place now and this swing trade could turn into decent one holding under 68 area now

20 Jan 2017 12:10 pm
so far low at 62.75 just above yesterday's close and needs to take out 61.50 in order to do some damage. 68 just rejected and should not get above handhold above 68 to breakdown to or through the lows

20 Jan 2017 12:14 pm
the 5050 area on the NQ is it slow and is also an important area for support and breaking down under by much without a good bounce back up means figured breakdown on the leader to this point

20 Jan 2017 12:17 pm
must told 61.50-60.50 or else bigger breakdown can be underway with this taking out yesterday's close and just above the initial support for today

20 Jan 2017 12:20 pm
with that bounce all the way back to the 68 level again another pullback should get bought above the double bottom around the 65 area or else back down to or through the low is possible

20 Jan 2017 12:21 pm
if there is a move that gets above 68 and then holds, there could be a chance for a move up towards 70.50 again and if broken and held, big reversal back up could go for the high. That not likely but just in case

20 Jan 2017 12:23 pm
I will be back around 1:15-1:20 PM and will update before then if I am free and able to update at that time. this just bounce from 65.50, and has to hold back 65 or else breakdown again from 68 again

20 Jan 2017 12:36 pm
you doubt it happens the day but there is still lots of trading wafts so to get a 1% down day the ES needs to drop down to the 48.50 level today– exactly coinciding with last big swing low.. the ES just reached 60 and turned up, 60.50-59.50 the initi

20 Jan 2017 12:37 pm
still trade from the short side unless there is a bottom formation of some sort put in place or 68 somehow broken and able to hold up there with gusto on the way up

20 Jan 2017 01:15 pm
so far the ES has a double bottom in place at the 60.00-59.75 levels and in the initial support zone which is going to be key support or the rest of the afternoon

20 Jan 2017 01:17 pm
and on top the ES nisi get over 68 and should not be able to if we have an important high in place on this bounce today. The ES was 4.25 points under its all-time high at its top at 9:45 AM and as usual was sold into early

20 Jan 2017 01:19 pm
if the eight area is reached again it should be rejected again or else attempt to go up to the 70.50 area again, should not stick if it even gets there

20 Jan 2017 01:24 pm
seems to be a good underlying bed at the moment and needs to hold 64.50-64 work could begin to break a bit

20 Jan 2017 01:29 pm
appears to be an important spot here and to keep grinding higher up to 68 again it should hold over 65

20 Jan 2017 01:32 pm
a stop at 68 on any shorts as double bottom at support could be low for the day and no chance of recommending exit while not focused over lunch break phone calls.

20 Jan 2017 01:44 pm
the ES was in a 5 point range early and then broke down and we have a 13.50 point range so far and 550% retracement is 66.25, so a move over 66 bounce high could go on up towards 68 again and should have trouble unless very strong

20 Jan 2017 01:49 pm
the stall right under 50% retracement starting a pullback that should bounce off of 62.50 area to avoid going back towards the lows again. It looks like pressure stays on under 66.25

20 Jan 2017 01:56 pm
so far 62.75 pullback low holding just above 62.50 and now needs to get back above 65.50-66.25 area to try a move up towards 68 again, a key area on top

20 Jan 2017 02:01 pm
once again the NQ is a bit easier to trade as it is easier to get a fill and more ticks than just very small on the ES harder to get filled and out at right prices. It's also moving a bit better so might consider that in place of ES

20 Jan 2017 02:01 pm
but in any case, and less this can rally back above 68 it's going to stay under pressure and could go back down to test or break lows at the national support before end of the day

20 Jan 2017 02:10 pm
64-64.50 is a pivotal area here and unless broken above//held another push lower should come again

20 Jan 2017 02:14 pm
unless you are holding a trade with a wider stop or scalping for small bozos 3-5 ticks then it's a rough day getting chopped up, so if in a swing short have a stop at 68.. Other opportunities are bounces that stall to give 1-2 point move and p

20 Jan 2017 02:15 pm
or more if there is some momentum and breakdown to or through the lows soon here

20 Jan 2017 02:19 pm
so far case in point with a move from 64.50 updated resistance down to 62.75 so far,, however could breakdown further if holding under 64 area now

20 Jan 2017 02:21 pm
hheaded towards the lows or possibly yesterday low area at 53 if momentum picks up on a move under 59.50

20 Jan 2017 02:22 pm
support will be down at 57.50--57 which absolutely needs to hold or else bigger breakdown today. Any can a bounce from here will fail

20 Jan 2017 02:25 pm
consider covering 1/2 of your position in case there is a decent bounce again to re-add at a better spot,, although the entry was not too far from the highs

20 Jan 2017 02:26 pm
so far we have 3 bottoms at the 60.50-59.50 initial support. That must be broken through/held if this is going to reverse and be a down day headed towards 57 or lower

20 Jan 2017 02:31 pm
still holding but if 60.50--59.50 broken and then 2257.50-2257.00 area and possibly down to or through 54-53 area if break and hold under 60.50-59.50..bounce from triple bottom must take up 63.25, not reverse, continue up through 64.50 resistance

20 Jan 2017 02:34 pm
another turn in the 2:20-2:40 PM timeframe, and from the initial support for the third time. Very important, quadruple bottoms not ordinary. door stays open for test or break again under 63.50-64.50

20 Jan 2017 02:41 pm
suggested the short side with put options, ETF or even just the E-mini's a short when still in 70.75-68 range, 68 turned into breakdown area.

20 Jan 2017 02:41 pm
Taking off 1/2 short position = ~7-8 points on part. stop at 68 on remainder. May wait till Monday for adding A close down at 2250, 3 points under yesterdays low, to be the first 1% down day in 69 days counting today

20 Jan 2017 02:41 pm
right now we have 4 times down to this 60.50-59.50 initial support and if a bounce cannot get above 63.50 that zone will be broken most likely

20 Jan 2017 02:44 pm
tempting to flip it and be long above 59.50, but bounces are not sticking and we did turned down from just under important resistance. Pullback will likely hold if 63.50-64.50 area reached

20 Jan 2017 02:52 pm
pullback from 63.50-64.50 updated support so fa held at 61.75 on a dip and must Through 63.50-64.50 without turning right back down in order to attempt another run up possibly to test 66-66.50 bounce high and 50% retrace of today's range

20 Jan 2017 03:04 pm
were going to get another last hour run up if the ES can get above 64.50 and then hold over 63.50 on a dip after that

20 Jan 2017 03:05 pm
the move could go on up to around 66.50 but unless that is also broken through, then it would leave the door open for late pullback instead of more rally. It's and options expiration that could get Goofy acting very late in the day

20 Jan 2017 03:12 pm
68.50 was reached and should be rejected but hold 64.50--63.50 if it's going to get another push higher

20 Jan 2017 03:14 pm
after 63.50 was broken it held on a dip the ES got its push to 66.50 and now that is a key area to hold above or else make day bounces should have trouble holding

20 Jan 2017 03:17 pm
major area this afternoon is up at the 67.50-68.50 area just in case there is a move above 66.50 that holds. It doesn't work likely, but if that is reached it should be sold today for a change.. Could be high in already though

20 Jan 2017 03:21 pm
could be bounce high in place and another pop-up sold which might be the best spot for a reentry of other 1/2 of the core short position. I think I'm going to wait until Monday though. So have partial short on with some flexibility to add if a bit mo

20 Jan 2017 03:22 pm
the market has been used to like day rallies and it's going to need to get turned around from somewhere above 60.50--59.50 or else the fifth time down there should go right through

20 Jan 2017 03:23 pm
towards 57.50--57 or lower if that quadruple bottom is broken. Pressure stays on holding under 64.50 – a pivotal level end of the day

20 Jan 2017 03:27 pm
could be a little bit of short covering bounce not get above 64.50 and hold. It's going to be bearish under that down to a lower high and bounce and if a week bounce than lower lows.. A strong bounce keeps it in this daily range and 66.50 possible.

20 Jan 2017 03:28 pm
in any case, holding under 63.50-64.50 will be bearish and keep pressure on at the end of the day. And a move over that needed for a chance t-tests 66.50 or higher which is doubtful today.

20 Jan 2017 03:28 pm
I hope that you have a great weekend! We will see how this looks at the end of the day and check out the Sunday update. And then I'll see you on Monday morning.. Take care!

 

INTRADAY LOG FOR THURSDAY - JANUARY 19, 2017

19 Jan 2017 09:03 am
Good morning! an early pop-up would need to take out the 67.50 resistance and hold around 65.50-66 and turned up at the lowest to possibly make a move up towards 70.50 or higher IF that happens

19 Jan 2017 09:09 am
on the other side of the coin, this early pullback from the 66.50 unchanged level and bottom of 66.50-67.50 zone has to take out 64 area and hold or barely bounce for a breakdown attempt

19 Jan 2017 09:23 am
going to need to hold 65 at lowest now, not go to or through 64 or topping or has topped early

19 Jan 2017 09:28 am
opening above 67.50 would be a small gap up open and normally come down to 66.50 at least oon a normal day. Gap days can be trend days though, either down or up. Probably not trend up from here

19 Jan 2017 09:31 am
now must told 67-66.51 pullback or could be a reversal. the NQ likely to be weaker than the other indexes today so be watching the NQ for setups also

19 Jan 2017 09:34 am
still going to come down to 66.50 if this doesn't get to 70.50 and hold up there instead of reversing Reached

19 Jan 2017 09:35 am
a move back under 68 needed to break uptrend at the moment or could get to 70.58 area

19 Jan 2017 09:37 am
should see this turn in the first 20-40 minutes at the latest this morning and could be coming from just under or slightly over 70

19 Jan 2017 09:37 am
that should be it for now but if not then 70.50 area should be sold. I will meet you online around 10:30

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


19 Jan 2017 11:54 am
we have a 2 sided day and important resistance that C-5 area to clear and hold or else could go back down to the lows or lower this afternoon and especially if 62.50 broken and not turned right back up

19 Jan 2017 11:59 am
after the open there was a high at 69.50 – just under the 70 level – and broke/held under 67.50 which started the breakdown of exactly the same 10 points as yesterday. But today, still bearish under 65 and especially a break/cold under 62.50 update

19 Jan 2017 12:02 pm
breaking down and could selloff until around 12:30 or thereabouts if this is going to make its way back down towards either 61 or 58.50--57.50 zone tested/broken if some momentum on the downside

19 Jan 2017 12:07 pm
key support will be at the 62.50 area still and the key resistance is at the 65 level still. That ES has been inside of that range, inside of the daily range, and breakdown more likely with bounces not sticking

19 Jan 2017 12:13 pm
would consider shorting opportunities holding under 65 this afternoon. We had a gap up day and reverse after about 5 minutes of trading , hasn't maybe it over 65 breakdown area two attempts so far

19 Jan 2017 12:14 pm
I will be away until around 1:15-oh 1:20 PM this afternoon and will update at that time..doubtful I can't update before then today

19 Jan 2017 12:59 pm
QUICK NOTE: a choppy pullback to the 61 support area quickly turned up, and should change that trend or attempt to but needs to at least take out 64.. Not be another failed bounce and come down again

19 Jan 2017 01:14 pm
so far there has been just a couple of pop-ups after getting to 61.25 but they are being sold into so keep on shorting bounces under 65 at the very highest

19 Jan 2017 01:17 pm
63.50 is the key resistance that needs to be taken out and then able to hold on a dip for this to get turned back up and put a low in place instead of another failed bounce

19 Jan 2017 01:19 pm
61.50-61.25 is support that needs to hold or risk a move down to 59.50 or possibly take out 58.25 low from yesterday on the way down

19 Jan 2017 01:26 pm
another little pop-up is a short again and should be headed down to or through 59.50 low of the day and could potentially go through 58-57 key area

19 Jan 2017 01:29 pm
62.50-63 should be bounce resistance that gets sold for this to continue down.. Failure to get there just implies even more weakness likely going straight down towards the low

19 Jan 2017 01:31 pm
anyone oh bounces that lasts for 2-5 minutes are being sold and should continue as long as 62.50 area not brokenn

19 Jan 2017 01:36 pm
bounce off of 60.50 minor support area quickly turned up and decent bid under and could be a low for a while, needs to get over 62.50 for that to happen for a failed bounce instead

19 Jan 2017 01:40 pm
downtrend channel resistance is around 62.50-63.00, must take out 64.50--65.00 area which is a key resistance to get out of trouble and avoid continued ~bounce attempts

19 Jan 2017 01:44 pm
interesting that this morning the NQ ran straight up through its all-time high by 10 was points and then a sharp reversal.. That's bearish, along with kind of a trend down day the ES is having

19 Jan 2017 01:50 pm
still in a choppy downtrend and folding under 62.50 keep them pressure on to test or break the low on another push lower

19 Jan 2017 01:54 pm
almost down to the 59.50 low of the day,, and if that is not able to hold then down to or throug the 58.25 low made yesterday and could be bigger breakdown the way this is acting

19 Jan 2017 01:54 pm
almost down to the 59.50 low of the day,, and if that is not able to hold then down to or throug the 58.25 low made yesterday and could be bigger breakdown the way this is acting

19 Jan 2017 01:57 pm
62--62.50 area needs to be taken out and then able to hold or else this will stay in a trended down kind of mode with small bounces failing at lower highs and making lower levels

19 Jan 2017 02:02 pm
ES just about at its low where you can either look to take some profits or simply trail a stop as the ES should not go back above 62.54 especially 63.54 this to stay trend down

19 Jan 2017 02:05 pm
gap up open was reversed after 5 minutes of trading and dropped 10 points with good momentum until turning up taxes around 11:05, and after bouncing just over 1/2 of the way back up, came down to 59.75 wwith less momentum. HOWEVER

19 Jan 2017 02:06 pm
double bottom could be broken if this is just another feeble bounce and fails to clear 62--62.50 Most and Should Be a Trend down Move until the Last 15 Minutes or so

19 Jan 2017 02:08 pm
61 area new resistance that should be held below for this to continue its collapse. The rest of a short position should be held onto for a 1% move off of the highs

19 Jan 2017 02:11 pm
54.50-53.50 was almost reached and needs to hold that aarea or else could continue down to work through the last big swing low at 48.50 and have a bigger breakdown than this so far

19 Jan 2017 02:13 pm
with the big inauguration tomorrow, the rally that started on election night looks to have ended by almost kissing 20,000 on the Dow, and breaking one day before Inauguration Day "turning point"

19 Jan 2017 02:14 pm
for "buy the news and sell the fact" time frame. This is going to go through 54.50-53.50 and either test or break down through 48.50 easily before this is over

19 Jan 2017 02:15 pm
also with all the distribution demonstrated by the TRIN mentioned over and over.

19 Jan 2017 02:17 pm
54.50 low at a support area at the moment and could bounce a bit but the market is in some trouble and is not likely to come rallying back strongly again today. Bounces should continue failing until very late, possibly last 15 minutes

19 Jan 2017 02:28 pm
reversal of from 53.00 and just under 54.50--53.50 bottom of that zone for a millisecond and turning up. resistance at 57.50-58.50 prior support needs cleared/held or pullback at least two test 55.58 area

19 Jan 2017 02:31 pm
if that's not a low, then if my math is correct the ES needs to go down to 46 to be down 1% from yesterday's close. With that spike low in place, but could be tested or broken if hold under 57.50-58.50 prior support/new resistance

19 Jan 2017 02:37 pm
bounce back to 57.50 resistance stalling out and a pullback needs to bounce from a higher low otherwise head down to court through 46 area at the end of the day

19 Jan 2017 02:40 pm
a big slinky kind of pattern on the ES and now needs to come down through 55 again without turning right back up or else could try to bounce late in the day again instead of more trend down action until very late in the day

19 Jan 2017 02:47 pm
appears that the low made just under 54.50--53.50 support zone can be left as an important low if the 56-55.50 area is held on pullback from 57.50-58.50 prior support. Could turn into pivotal zone, another push higher if continues hold

19 Jan 2017 02:50 pm
backing off from 58.25 new resistance and if it does back under 56 area then we could get a test or break down to or through 53 towards the 46 level or lower today. That would mean going through 48.50-47.50 major area short-term

19 Jan 2017 02:59 pm
the ES has been going sideways installing at the 557.50-58.50 zzone and could roll over again to test or break the low going under 56 area especially

19 Jan 2017 03:03 pm
still this is trend down action and the failure here at 58.25 and slinky pattern breaking down can either make a slightly higher low or else breakdown further to 48.50 area and if no sign of a turn then attempt to close under 46

19 Jan 2017 03:07 pm
it is 55.75 that are the little pullback lows and feeble bounces and stays under pressure under 57.50-58.50 key resistance and the last hour

19 Jan 2017 03:10 pm
as stated around the open a gap day could be a trend day and we have had a basically trend down kind of move so far with all bounces failing, could drop until last 15 minutes if 57.50-58.50 not broken/held

19 Jan 2017 03:17 pm
another late day short covering bounce after a decent selloff and now could be headed back towards 60-61 breakdown area and maybe even higher but probably not stick above very long

19 Jan 2017 03:19 pm
I need to go about 10 minutes early today so it is looking like buying a pullback should work, as long as there is an upturn from 57 area at the lowest it appears

19 Jan 2017 03:23 pm
this can bounce back yet again, but chances of it sticking are not good. Once again have a chance to breakdown, and didn't, but that day not too far away. more and more it is looking like 1990 when Dow 3000 was just missed and then sold off hard.

 

INTRADAY LOG FOR WEDNESDAY - JANUARY 18, 2017

18 Jan 2017 09:22 am
the ES is coming down from a double top around 68.50 and early it looks like a strength sold yet again and then a bounce or rally after downside stalls

18 Jan 2017 09:23 am
We get beige book at 2 PM today

18 Jan 2017 09:28 am
and probably run up a little bit before coming down again if a bounce from 65.

18 Jan 2017 09:32 am
opened under 65 and so for came down to the unchanged level at 63 and needs to hold their or else would be under pressure instead of bouncing

18 Jan 2017 09:34 am
pressure should stay on as long as a whole below 64.58 area and head to 60 area or lower

18 Jan 2017 09:36 am
60 reached and headed towards yesterdays low as bounces are going to be sold today. I will meet you online around 10:20

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


18 Jan 2017 12:08 pm
the ES dropped from the open down to 58.25 support in the first 10 minutes and bounced back to double top oh little bit under 66.50-67.50 resistance and is now bouncing back from another test of 60.50

18 Jan 2017 12:11 pm
and with this being arranged around in front of afternoon beige book release last 60.50 area needs broken/held on downside or 66.50 broken/held. Two-sided action to buy/sell/cover at

18 Jan 2017 12:14 pm
the 63 level is around yesterday's close and has been pivotal area today and a moved under that holds could go back to the low

18 Jan 2017 12:15 pm
another bounce from there instead might be able to get to 65 but not hold

18 Jan 2017 12:20 pm
pullback from 64.50 needs to hold at 61.50 the very lowest or else could be breaking down. if another pop-up it is a shorting opportunity

18 Jan 2017 12:21 pm
I will be away today until around 1:20 PM and will update before then only if free at the time.. 2 PM page book release and chances look better for breakdown than break higher,, triple top on Dow

18 Jan 2017 12:58 pm
note: the ES is just above 61.50 and and should go to at least 60.50 and possibly breakdown with these bounces not sticking

18 Jan 2017 01:05 pm
with this 4.75 point range between the top and the one pullback low inside of the day 7.50 point day session range, and could breakdown pretty fast towards 58.50 again if 61.50 broken and not turned right back up.

18 Jan 2017 01:07 pm
A move above 65.50 needed on upside. but would only go into 66.50-67.50 resistance if so – doubtful that is reached as 63.50 pivotal area needs cleared/held above

18 Jan 2017 01:15 pm
quick note: bounces not able to hold up here with 64.00 being sold and would need to take out 65.50 at a very minimum or can eventually breakdown

18 Jan 2017 01:42 pm
bouncing back from 61.25 again and almost to the 64.50 area and is broken and not turned right back down like it has been doing there would be a chance at a token higher high – doubt that until a little before beige book

18 Jan 2017 01:46 pm
could go back down to 61.50-61 and if so needs to turn right back up again or else it is breaking down instead and 58 area is in the cards or lower

18 Jan 2017 01:46 pm
could go back down to 61.50-61 and if so needs to turn right back up again or else it is breaking down instead and 58 area is in the cards or lower

18 Jan 2017 01:52 pm
a really messy looking chart with all of this chop going on between between the 65.75 high of the day made at 10:20 and 10:30 AM and 61.00 pullback low around noon. Would not be surprised for a breakdown holding under 64-64.50, tough call but boun

18 Jan 2017 02:06 pm
small pop-up after beige book release is all there is for a reaction, a move back to 62 would need quickly turned up for could be a breakdown under that case. Avoids breakdown in can bounce a bit but not much otherwise

18 Jan 2017 02:10 pm
back up to the 64-64.50 area which should be good resistance to stay in this range and come back down towards 62

18 Jan 2017 02:16 pm
64-64.50 area equal to the 62.50-62, a breakout above or below either zone should go for the low or the high at least

18 Jan 2017 02:23 pm
64 broken on the way to 65 only and was turned down and now must not go below 63.50 or else a bounce high could be in place and another bounce sold also. That is likely anyhow

18 Jan 2017 02:32 pm
really a pretty ugly trading day with this being very choppy and slow moving (exception of a couple moves only) and another failed bounce attempt if this holds under 65 and then after breaking 63 holds at/under 64 on bounce attempt

18 Jan 2017 02:35 pm
holding 62.75 close from yesterday, and needs to stay above that pivotal level or else could go back down to the 61.50-61 area or lower if broken through

18 Jan 2017 02:39 pm
market does not seem to want to stay anywhere above 65 today as it has not been above that for very long, same with 61.25 on the bottom side. Could go down there by going to 62.75 or more and then holding under 64 after that

18 Jan 2017 02:43 pm
could in the day with 7 out of 8 days with the TRIN closing above 1.00, would normally be bullish but this range distribution and another failed bounce from up here likely this afternoon

18 Jan 2017 02:43 pm
holding under 64.50-65 at the most

18 Jan 2017 02:48 pm
62.75 has been reached and needs to be a good bounce from there or else could go down towards 61.50-61 area for a potential breakdown instead

18 Jan 2017 02:51 pm
turning up from 62.50 and needs to hold to keep in choppy sideways action and not breakdown

18 Jan 2017 02:57 pm
the quick turn up from 62.50 keep doing this from a potential breakdown of this little sideways range the ES has been in since noon and earlier, but now must get through 65, the 66.50--67.50 only tested if a late day short squeeze above 65

18 Jan 2017 03:01 pm
7.50 point range so far today, 10.00 points yesterday and 7.25 points the day before. Some pent up energy, and if going to breakdown,, it will start from one of these bounce highs,, maybe this at 3 PM possibly

18 Jan 2017 03:04 pm
a chance it could be going to take out 62.75 which is pivotal today and breaking and holding under that by much would put pressure on even more yet again. The pent up energy unleashed on the downside, and not getting through 66.50-67.50 today

18 Jan 2017 03:10 pm
in this last hour the ES needs to hold over 62.50 area or else risk being sold on bounces into the close, or at least late in the day. But needs to take out 61 for there to be some damage done to this ugly looking chart

18 Jan 2017 03:16 pm
if this keeps holding over 63.50 on a dip, there is a chance for some short covering to come in late in the day and could get a run up soon

18 Jan 2017 03:22 pm
65.25 is the high on this move so far and backing away from just under today's high and unless 65 broken through with some gusto through 66.50-67.50 it's topping up here

18 Jan 2017 03:26 pm
failed bounce attempt yet again, must hold above 63.50-62.50 The beriberi lowest or else bigger reversal could be underway in this very thinly traded market

18 Jan 2017 03:31 pm
so far 63.50has been held above on this pullback but if that is broken by much or especially going down to work through 62.50 area should mean a top and bounce after would be sold into

18 Jan 2017 03:32 pm
careful being a buyer at the end of the day unless there is a decent sized pullback that gets turned up worse.. Not liking it up above 65 today

18 Jan 2017 03:32 pm
have a great rest of your day and I will catch you here tomorrow. Take care!

 

INTRADAY LOG FOR TUESDAY - JANUARY 17, 2017

17 Jan 2017 09:17 am
good morning. The ES closed at 72.50 on Friday and is about 9 points below that level at the moment. Should be a bad day for the market

17 Jan 2017 09:20 am
the ES made its overnight low at 57.50 and has been rallying back and reached 66.50, just under 67 support area, and now 67-68 is new resistance that would need to be cleared and held

17 Jan 2017 09:22 am
this morning or else could go back under 63 and then hold under 64 on a bounce attempt in order to get another push lower, instead of attempting 67-68

17 Jan 2017 09:25 am
in any case bounces. should fail even if there is an early bounce. 58.50 area looks important or go towards 54 major area. Just look for shorting opportunities in first 20-40 minutes at least

17 Jan 2017 09:27 am
not expecting bounces to stick yet again today

17 Jan 2017 09:33 am
66.50--67.58 area should be sold it reached at a tight stop

17 Jan 2017 09:36 am
should be it on the upside for a bit if this continues holding under 62.

17 Jan 2017 09:38 am
58.50-57.50 area important or continue towards 54.50-53.50 may be lower. 48.50-47.50 major area if they bigger breakdown in the first 40 minutes

17 Jan 2017 09:41 am
so far held just above 59.50-58.50 and must not go under that or could keep going towards 54.50-53.50. It needs to continue holding and gets above 63-64 prior support

17 Jan 2017 09:46 am
needs to at least get back above 63 area and holds or else keeps on going to or throug 58.50-57.50 now very soon

17 Jan 2017 09:48 am
prior support zones are now new resistance on the way down to/through 58.50-57.50. Would need to get over 63-64 and that turned right back down

17 Jan 2017 09:51 am
ES turned up from 59.75 and just about support and now needs to take out 63 area at least or else go back down there or lower before a bounce attempt with a chance to hold occurs

17 Jan 2017 09:55 am
59.75 held for a second time just above 59.50-58.50 strong support area and key area now especially if 63-64 is broken that should not be seen again or else a breakdown bigger picture instead of a fail bounce

17 Jan 2017 09:58 am
could have a low in only if not sold back down from 63-64 area

17 Jan 2017 10:02 am
bounce to 63 immediately sold and should take out 59.50--58.50 now

17 Jan 2017 10:08 am
so far 59.50--58.50 has been held just above on 3 tests and should not go down there again or else breakdown. Should take out 63-64 an attempt a bounce before another decent pullback

17 Jan 2017 10:09 am
morning low should be in place and dips bought after some pullback from the 67 area or of that lower

17 Jan 2017 10:10 am
it is 67-68 to get through and then only have a small pullback or else just a bounce and fail and come back down pretty hard

17 Jan 2017 10:14 am
the ES is still going to be under bigger picture pressure on the downside if this does not get above 67-68 and hold, and leave the door open to test or break 70.50 pivotal area

17 Jan 2017 10:18 am
67-68 area reached and should be some pullback that holds above 64.50 and turns up again or else a high could be in for a bit

17 Jan 2017 10:25 am
rally off of 9:50-10 AM low 11 tick above 59.50-58.50 support up to 67.25 prior the initial support backing down again and must bounce off of 64.50 or else heading back towards 62.50 or a lower low

17 Jan 2017 10:29 am
bounce attempt from 64.75 sold into and should continue pushing lower holding under 66-67 now

17 Jan 2017 10:31 am
key area on top to clear is 67-68 and then hold no lower than 66 in order to get out of trouble. But would need to take out 64/hold and drop under 62.50 again for potential breakdown

17 Jan 2017 10:37 am
64-63 area holding and unless broken and not turned right back up could go back above 66.50 area and need to hold or else double top or 123 top and breakdown instead of running through 67-68

17 Jan 2017 10:45 am
10 AM low at 59.75 (1 tick above 59.50--58.50 support) so far giving a 123/double top at 67.2-66.75 prior the initial support/new resistance but no breakdown unless 64 broken

17 Jan 2017 10:45 am
should have a low in place for the whole day or else would be a bigger picture breakdown

17 Jan 2017 10:52 am
to keep the Bulls hope alive of rally day all day must hold at or above 64.50-64 and bounce through 67 area very soon was some gusto – otherwise stalling and weeds to breakdown through 64

17 Jan 2017 10:53 am
rolling over and under some pressure holding below 66.50 area right now and a good short under that at the moment especially going through 64

17 Jan 2017 10:58 am
still stalling under new resistance. But 64 is going to be key to hold with this stalling at prior and initial support/new resistance at 67 area as it also is midpoint of today's bounce from support to this nnew resistance

17 Jan 2017 11:00 am
with a low in place probably for the day but the morning at least, will likely hold 65.50. If not then write down to or through 64 instead

17 Jan 2017 11:04 am
that is going to be a good 123 top in place and should take out 64-63 area and then maybe bounce if not breaking down

17 Jan 2017 11:06 am
66.50-67.50 needs to be taken out and held on the upside or else more likely break under 64.50--64 and hold for a test of the low area or maybe more

17 Jan 2017 11:09 am
a very poor performance given the way the market ended last week and then started this morning with a good run up after early washout. Holding 64, but holding unde 67.50 bigger picture bearish especially if bigger picture top is in place

17 Jan 2017 11:12 am
I have been talking about the 3000 level in 1990 just being missed and selling off quite a bit and not seeing Dow 3000 until a year later. still is the case and selling decent bounces still the way I'm trading this

17 Jan 2017 11:13 am
inverse ETF's or put options or just the futures of our shorts to hold onto for a eventual break of 4-40 7 AM go towards 35 area or lower if this all works out

17 Jan 2017 11:15 am
headed back to or through 62.50 and possibly the low or breakdown. Has to hold under 65.25 which was acting as support

17 Jan 2017 11:21 am
62.25 pullback low so far and needs to get back above 64 and hold or go back down to either make a slightly higher low or else breakdown to or through 59.50-58.50

17 Jan 2017 11:30 am
bouncing from 62 currently keeping the ES and the Dow from a move back down towards its low area again.. This bounce needs to take out that 64-64.50 area poor down to the lows instead of decent retracement

17 Jan 2017 11:54 am
continuing to continuing to crawl higher from 62 pullback low and should hold 64.50 area now to keep this going. To test or break 66.50-67.50 or a bit higher not impossible.. Lower low iis more likely

17 Jan 2017 12:00 pm
currently just reached 66 and prior highs are at 66.75--67.25 and with the two-sided action the ES so far was bought at support and on a dip after topping at that resistance. Must break above, or third trip down not so easy to hold

17 Jan 2017 12:04 pm
so for holding 64.50-64 area after backing away from lower high at 66 and unless 66 needs to take out 66 and hol 64.50-64 at the lowest to avoid potential rollover

17 Jan 2017 12:05 pm
I will be back to the update that our round 1:15 PM or thereabouts.. Only sooner if I happen to be free and it is necessary. Should be a good low in place at support this morning,, must plow through high areas now and hold were still two-sided a

17 Jan 2017 01:16 pm
since the last update the ES has made between 63 and 65.75 where it is at the moment and should get through the high area at 66.75--667.25 and then hold for this to finally get going higher

17 Jan 2017 01:29 pm
the ES is backing away from 66.50 at least buying a little bit and still 66.75-67.25 has been the other 2 highs today and there was a very small 2.25 point pullback and then 4.75 point pullback before going higher. should hold over 64 lowest, probably

17 Jan 2017 01:30 pm
probably 65 make the new highs

17 Jan 2017 01:36 pm
if 13 andable to get through the 67-68 area which was prior initial support, without a quick turned back down again with gusto, headed up to 70.50 which would be key area. must be less than 2.5 point pullback

17 Jan 2017 01:41 pm
should be a high at 66.50 and now back down at least 2.50 points or more if going to be a normal pullback for today's two-sided action

17 Jan 2017 01:51 pm
this time just a small pullback of 1.50 points and unless the ES takes out 66.75 it should go down to or under 64.50-64 and any more than that started a better pullback/drop

17 Jan 2017 01:52 pm
I need to be away about 10 minutes or so and will update as soon as possible. At the moment the ES is struggling at it highs, and failing so far

17 Jan 2017 02:17 pm
with the ES holding under the highs again on this bounce attempt and now beginning to roll over it should be headed down to or through 63.50--62.50 just above the pullback low or possibly breakdown

17 Jan 2017 02:26 pm
so for the ES has come down to the 11:20 AM low at 62.25 and if broken and held under 63 on a bounce it could continue towards 59.50-58.50 support

17 Jan 2017 02:31 pm
the market has been bouncing back after all of the decent pullbacks or selloff slightly, with the ES being in a 28.50 point range but unless it gets turned back up before 2:45 PM, it could end up selling off further instead of another rally end of

17 Jan 2017 02:35 pm
as I have been stating, if this is going to be like 1990 then eventually one of these knockdown punches is going to knock the Bulls ddown pretty hard and possibly today or tomorrow

17 Jan 2017 02:36 pm
if this cannot hol 59.50-58.50 early low area at support then must turned up from 57.54 keep going to work through 54 area

17 Jan 2017 02:42 pm
58.25 new low for the day just before 2:40 PM and needs to bounce from here back above 62 otherwise it was the bearish with pressure on, could keep going down to/through 54.50-53.50 that support zone/target

17 Jan 2017 02:44 pm
for the buyers to keep some control, this new low and attempt to turned around in this time frame needed,, and getting back above 62 and holding needed at least in order to the market out of trouble still

17 Jan 2017 02:53 pm
the normal turnaround attempt is having a bit of problem getting going, and in less a moved over 62 pressure should stay on

17 Jan 2017 03:02 pm
bounces are not going to stick today and no last hour run up unless the ES can get back above 61 and hold 58.50 after that to turn around, otherwise continue pushing lower in the last hour

17 Jan 2017 03:07 pm
lately we have had at least some short covering to give a run up late in the day, but that's not going to happen as they will not get nervous unless 59.75 prior low broken above/held on dip

17 Jan 2017 03:11 pm
would be still bearish unless 60 is reached, and holds 58.50 after. potential for run up only if broken above

17 Jan 2017 03:27 pm
the ES might have made it's late day low if 58.50 continues to hold on pullbacks. Needs to get over 61/hold to be somewhat safe, 62 area pivotal at the end of the day

17 Jan 2017 03:31 pm
right now the TRIN is at .99 and has close over 1.00 for 7 straight days and if it closes above 1.00 again today it would be very rare, can't remember last time this happened. lots of distribution while churning in 28.50 point range

17 Jan 2017 03:32 pm
this bounce off of 58.50 is just what buyers needed to keep this from breaking down at the end of the day. Now need a move over 61--62, not go under 58.50

17 Jan 2017 03:33 pm
for an end of day bounce attempt again. Low of the day should be in place as long as 58.50 holds– looks like it will

17 Jan 2017 03:37 pm
61-62 Is Half Way back up and should be some minor resistance around that area on this move,,should not even get close to 58.50 now to keep upside from failing

17 Jan 2017 03:39 pm
have a great rest of your day. After you read tonight's update you will have tomorrow's zones and Outlook and then I'll update in the morning before going live

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


17 Jan 2017 03:40 pm
take care!

 

INTRADAY LOG FOR FRIDAY - JANUARY 13, 2017

13 Jan 2017 09:18 am
good morning. Not much of a reaction so far to the economic reports, and buyers still in charge as long as 62 area is not broken/held on the first pullback from higher open

13 Jan 2017 09:25 am
if the ES openings above 67.25 it should come back down towards 66 and hold around that area

13 Jan 2017 09:26 am
early strength is going to be sold most likely and then first decent pullback bought and I will update about 5-10 minutes after the open

13 Jan 2017 09:35 am
72.50-74 should be tested or broken and need to hold over 70-69

13 Jan 2017 09:41 am
still holding 70-69 to get to 72.50--74 or higher. Will need to have a pullback hold over 70-69 or head down towards 67-66 or lower

13 Jan 2017 09:45 am
72.50 was reach and must hold above 70 at the lowest to keep going towards 77-78 and 20,000 on the Dow if it's going to get there today and not fail by breaking back down

13 Jan 2017 09:49 am
has to go through 74 was some momentum to hold or else fail to get to 77-78 on this move and have a pullback to force through 72 and maybe 70 if a downturn

13 Jan 2017 09:53 am
9:50-10:10 AM time frame for a turn a for going to get one this morning before getting to 77-78, and the Dow is about 60 points from 20,000 will need to watch for today

13 Jan 2017 09:54 am
struggling to get through the 73.50-74 resistance and should begin going back to work through 70-69 area

13 Jan 2017 09:56 am
aa break and hold under 70-69 can come back down to the 67.50-666.50 area at the very lowest or else a high would be in place and go down towards 63.50-62.50

13 Jan 2017 09:58 am
this is in front of a holiday on Monday and bouncing off of 70 area but unless 73.50-74 resistance broken through on this move up market vulnerable

13 Jan 2017 10:01 am
ideal for a lower high again and another miss of doubt 20,000 but has to go under 70-69 and not turned right back up again. A moved back over 73.50-74 changes bearish set up

13 Jan 2017 10:03 am
looking like as long as 70 area holds no damage done to this current uptrend and could get through 73.50-74 and if so needs to hold and get momentum to get to 77 or else fail again

13 Jan 2017 10:10 am
backing away from the 73.50-74 resistance zone and needs to bounce off of 70-69 and take out 74 from here if there's going to be a move up to or through 77-78 this morning

13 Jan 2017 10:11 am
a move back under 70-69 is needed to have a high in place and break the uptrend, and is going to be strong and was broken

13 Jan 2017 10:15 am
72.50 reached and backing away again and a move back under 70-69 could mean a high in place for a while, otherwise there is still a chance for another run up to the highs oor higher

13 Jan 2017 10:21 am
we have a top and at resistance made about 20 minutes into trading and should be a top that is hard to get through and hold now and a move down to 67--66 is key support now on move under 70 that quickly turned up with gusto

13 Jan 2017 10:26 am
bounce from 69 needs to run up through 71 with some momentum so it holds and goes through 73.50-74

13 Jan 2017 10:30 am
the Dow came back to unchanged and turned up and the ES was only under 74 a few seconds, and this bounce should fail under the high and then needs to take out 70-69 for a top

13 Jan 2017 10:35 am
a range between fixed resistance at 73.50-74 with 73.50 high of the day so far and 70--69 new dynamic support which has held the pullback so far. needs to take out 73.50-74 or breakdown

13 Jan 2017 10:45 am
4 point range between 73.50 fixed resistance and major area for today and 69.50 dynamic support along with yesterday's close around 19,887 on the Dow cash, bullish above that

13 Jan 2017 10:46 am
as a run up on the Dow could really give the ES a push higher as the Dow is the weakest of all averages this morning

13 Jan 2017 10:49 am
should be some pullback and then another run up that could test or break the 73.50-74 area if no breakdown but a higher low around 71-70.50

13 Jan 2017 10:51 am
could do just the opposite if the Dow begins to break down instead of a bounce, and help pull the ES down with it instead. The 71 higher low must hold

13 Jan 2017 10:56 am
after 7 straight up days, the NQ back making new all time highs after just 1 day pullback and should hold around 5056-5055 and turn up for its bullish trend to stay intact

13 Jan 2017 11:01 am
90 minutes of trading and the early run up to the 73.50 resistance has not been broken even though not much of a pullback, and unless 73.50-74 is broken in the next 5-10 minutes like it should here if it's going to, the market still could breakdown

13 Jan 2017 11:07 am
beginning to break down now with the Dow leading the way and was bearish under 73.50 and now stays bearish under 72.50 which should not be seen or broken again

13 Jan 2017 11:08 am
if the ES takes out the 70-69 area and holds under 71 area then on a bounce attempt

13 Jan 2017 11:14 am
69.75 low at dynamic support. need to break/hold under 69-70 now to keep top at resistance in place for a another lower high or it could be taken out eventually

13 Jan 2017 11:19 am
the Dow has been slowly drifting lower and almost reached its unchanged level and if it's going to avoid breaking and holding under 70-69 the Dow needs to hold around 19,888 and order to keep the market holding up and in this 4 point range at leas

13 Jan 2017 11:23 am
may or may not come back down from 72.50 area again however it should be bought again at or above 70-69 as the market has been acting pretty well today not giving up even after rejecting good resistance

13 Jan 2017 11:25 am
the Dow has gotten itself turned back up after just missing yesterday's close by a couple of points, and only should have a small pullback not take out 70-69

13 Jan 2017 11:27 am
keep an eye on the Dow cash at 19,914 along with the 72.50-73.50 top area on the ES. needs to get above those levels to attempt a breakout to the upside and not come back down again

13 Jan 2017 11:35 am
back to the 72.50 level, and has to get above 73.50-74.00 wow the Dow moves up above 19,914 area and holds also tto have a shot at testing the highs for lower today

13 Jan 2017 11:39 am
to continue this move up the ES needs to hold around 72-71.50 area at worst and turned up again, or this attempt to breakout higher is going to fail and have a pullback instead of the breakout

13 Jan 2017 11:44 am
rolling over a bit from 72.75 this time and needs to pop up from 71.50 or else topped out again and 70-69 could be in the cards again. Should hold 71.50 or else copping out again

13 Jan 2017 11:48 am
too many failures at or just below important resistance and unless broken there can be a sizable pullback especially breaking and holding seven the area on this move down

13 Jan 2017 11:51 am
from here on out this is a short as long as the ES doesn't get above 73.50-74 resistance zone, and if does opposite of what it has been then instead of

13 Jan 2017 11:53 am
and instead of the early selloffs finding a bottom and then rallying back, this could be and early rally that finds a high and then ends up pulling back a decent amount

13 Jan 2017 11:54 am
will need to hold under 72.50-73.50 and then breakdown under 70 (which was just tested and defended) and not turned right back up from that area again

13 Jan 2017 12:04 pm
the ES has been going sideways in a 4 point range since 9:45 AM hi and 10:25 AM low – needs to take out 72.75-73.50 and not turn right back down, or will test or break under the lows at 70.25, 69.75 and 69.50 for a breakdown.

13 Jan 2017 12:07 pm
the same zones will apply over the lunchtime break it is a better short with this failing at resistance and under 20,000 again in front of a long holiday, same as 2 Fridays ago iin front of a holiday

13 Jan 2017 12:11 pm
consider either some put options or just short the ES with a stop just above resistance zone for a swing trades. Only with a small position to hold with this being another failure just under a big resistance

13 Jan 2017 12:12 pm
I will be back around 1:15 PM and will update before then only if I happen to be free and there is something to update. Look for 67-66 on a breakdown

13 Jan 2017 12:16 pm
70-69.50 area reached for the fourth time and should go through this attempt and 67-66 area must told or else could be better breakdown and 63 area kind of pivotal all week could be seen today if that happens. Back in a bit

13 Jan 2017 01:14 pm
the ES came down to 2 ticks above 67-66 and has turned back up and reached 71 and should have trouble up here again and needs to bounce from 69--68.54 or go towards 67-66 instead of grind higher

13 Jan 2017 01:20 pm
69.50 needs to hold now for this to keep in an uptrend and not begin to roll over again instead

13 Jan 2017 01:30 pm
the Dow is the big lagger all day and so far just made it back to just below its early low and just under yesterdays close and unless the Dow turns positives soon the ES will come down and break 70-69 or more instead of taking out 71 area

13 Jan 2017 01:42 pm
backing off of 71 yet again and should have the Dow rollover and if it goes down to its low again the ES would go back down to 67-66..

13 Jan 2017 01:52 pm
ccould be a move back to or through the 67-66 area with the Dow still slowly rolling over and it goes towards its low and ES takes out 68.75 area also/hholds under 70 now

13 Jan 2017 02:02 pm
slow and choppy move back down towards the low by the Dow and the ES could take ou 68.75 area if there's going to be further breakdown to slice through 67-66

13 Jan 2017 02:06 pm
a pretty good bounce (considering very small range) off of the exactly 68.75, but these bounces are going to continue failing it appears under 71 now,, especially staying under 73.50 resistance today

13 Jan 2017 02:10 pm
finally and then action going to get this breakdown, bounces should continue to fail

13 Jan 2017 02:12 pm
as long as is holds under 70 which it should then it will make it down to 67-66 which it has just best so far, even with the Dow attempting a double bottom which should fail and breakdown further

13 Jan 2017 02:13 pm
this is going kind of like I envisioned from last nights update that would be kind of polar opposite with the market topping and turning down rather than bottoming and turning up today,,

13 Jan 2017 02:15 pm
tthe 63 area might have a chance of being seen if the ES takes out 67-66 area and then holds under 68.75 which is appearing to be somewhat of a pivotal level

13 Jan 2017 02:21 pm
67-66 zone has been reached and now should hold under 68.75 or else could have a load in at least for a bit

13 Jan 2017 02:26 pm
68.50 bounce high so far under 68.75 area that has been kind of pivotal and bearish as long as it holds under that area

13 Jan 2017 02:29 pm
could be headed towards 63 area or lower holding under 68.50 area. Dow at it slow and keep an eye on the NQ as it has dropped fast to a support around 5051 area

13 Jan 2017 02:31 pm
earlier I suggesshort being short for a bigger picture move lower when the ES was still above 70 and close to the 72 area but in any case keep it with a stop at around break even at 71

13 Jan 2017 02:35 pm
this is a thin trading session before a holiday and we could see some "risk off" if 66 broken through by much and not turned right back up. So far 67-66 holding, keeping from breaking down yet another day so far

13 Jan 2017 02:47 pm
pullback turned up from 67 area which needs to hold and get back above the 69--70 area at least, or else still is under pressure and could make another push lower – may be a higher low –before finding a bottom

13 Jan 2017 02:51 pm
rolling over a bit from 68.50 and that could be a pivotal area with the Dow rolling over a bit also to go back to break the lows possibly 63 area still

13 Jan 2017 02:53 pm
if you put on a swing trades short earlier today this is a good time to cover and be flat over the long weekend

13 Jan 2017 02:55 pm
the market has had 2 times where it could have broken down if it was going to, with the Dow and the NQ about ready to breakdown at the same time with the ES, but buyers or short covering keeps coming in

13 Jan 2017 02:56 pm
if there is another run up, it probably will fail white all of these others have. Still needs to get over 70-71 on this leg up

13 Jan 2017 02:58 pm
should be just a small pullback and then another pop-up to work through 70-71. 68 area should hold now

13 Jan 2017 03:04 pm
ES needs to get above 70-71 sound or else another drop or at least pullback

13 Jan 2017 03:06 pm
could go down a ways but not go back under 68 and stay down there or else would be breaking down instead.. Should pop through 70--71 very soon if it's going to

13 Jan 2017 03:07 pm
seems as if buyers should back away under 70-71, but as long as this pullback is small and bounces back from around 68 it will avoid potential retest of 66 area

13 Jan 2017 03:18 pm
we had buyers back away from 70 area and 70-71 still should be hard to get through and stay up there, but so far 68 has held so it has a chance to get up there unless 68 broken,

13 Jan 2017 03:20 pm
buyers are still backing away just under 70-71, but as long as 68 holds it could still make another pop up to that area although may not stay very long if it doesn't get momentum

13 Jan 2017 03:25 pm
in the last 35 minutes of trading before the 4 day week next week,the ES needs to get above 70-71 or else is going to be vulnerable for a late day pullback

13 Jan 2017 03:27 pm
the 68 area would need to hold or else the ES could go back to test or break 67-66 area which so far has held today.

13 Jan 2017 03:30 pm
doesn't look like it likes it at or above 70 this afternoon and needs to get above 70-71 or else could rollover at the end of the day

13 Jan 2017 03:34 pm
have a great long weekend.. I will catch you here on Tuesday morning. NQ 2051 needs held still on NQ.. take care!

 

INTRADAY LOG FOR THURSDAY - JANUARY 12, 2017

12 Jan 2017 09:06 am
Howdy and good morning! after a good rally back yesterday and the Dow missing 20,000 by just 23 points in the morning again, the market is getting back down again on the open

12 Jan 2017 09:08 am
it has been in this range long enough that it has worn out those prior support zones so the most important one is the 54.50-53.50 zone. I didn't list it but mentioned 48-47 iif yesterday's low broken

12 Jan 2017 09:10 am
after 7 straight up days for the NQ odds are it will be under more pressure than the rest of the market but anyhow bounces are not going to have aneasy time holding

12 Jan 2017 09:12 am
it is looking like 64.50-63.50 area needs to hold or could go back to just under 60 and would need to turn up or else can test or break yesterday's 55 low

12 Jan 2017 09:13 am
again, too many days in a row for the NQ rallying and NASDAQ averages should beselling off today

12 Jan 2017 09:23 am
as stated earlier it looks like 64.50-63.50 will need to hold for there to be an early bounce/run up which will be sold into

12 Jan 2017 09:35 am
64.50 will need broken above and held on a dip to try turning this back up or else to a little bit under 60 at least

12 Jan 2017 09:37 am
pressure will be on and bounces sold as long as the ES does not get above 65 and then hold 64 area on a dip, to test or break down through 60 area

12 Jan 2017 09:40 am
almost to the 59.50-58.50 area where there will need to be a decent bounce with gusto back above 63.50-64 area

12 Jan 2017 09:42 am
turned up from 59.50 and will need to hold that 59.50-58.50 to avoid going down to test for break yesterday's low or lower

12 Jan 2017 09:43 am
quick reversal off of support but still under pressure unless 63.50 broken and held and bounces should continue failing.. – – I will meet you online around 10:20 AM

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


12 Jan 2017 09:51 am
small bounce failed at the moving average on the 1 minute chart and check out 58.50anchored bounce but needs to get above 62 or else pressure will stay on to test or break the lows

12 Jan 2017 12:00 pm
that ES had a steady selloff from the open down to the 48.50 support and then bounced back to 54.50 prior support and new resistance and should hold 48-47 today

12 Jan 2017 12:01 pm
if not held for some reason, then the market could be undergoing that bigger breakdown with all of the numbers coming out on Friday

12 Jan 2017 12:07 pm
pullbacks should hold above 51.50-51 now if going to hold above that 48.50 low of the day at short-term major support. With 54.50 just being broken, shouldn't even see 51.50 now. could try for 57-58 with just a small pullback from 55 – yesterdays lo

12 Jan 2017 12:18 pm
wwhat the ES pulling back to 53.50 and turning up started a new leg up to the 58 area where there should be some resistance or else continue going to work through 62 area

12 Jan 2017 12:25 pm
58.50--59.50 prior support acting as new resistance and a pullback will need to hold and bounced from 55.50-55 area at the lowest for this to keep going to the 60 area or a bit higher towards 63 area again befor a decent pullback

12 Jan 2017 12:26 pm
there was a 22 point pullback from 77 down to 55 coming into the day and so far we have pullback 23.25 point from yesterday's high at the close to the low at 48.50 support. Should be an important well short-term

12 Jan 2017 12:27 pm
I will be away until all around 1:20 PM and not able to update until then unless necessary and I am free to do so

12 Jan 2017 01:17 pm
63 could be tested and is key. 63 area is both 50% retracement from 77 all-time day session high to todays 48.50 pullback low, and it is also 38% retracement from yesterdays 71.75 high to 48.50.

12 Jan 2017 01:19 pm
also 63 area was a prior support area early in the week and has been crisscrossed a bunch of times while going back and forth in this range.. Should not break through and hold

12 Jan 2017 01:22 pm
if this is going to be another failure but this time well below Dow 20,000 and well under the 2270s – staying well under 70.50 close from yesterday. BUT,

12 Jan 2017 01:23 pm
if they somehow take out the 63 area and holds above there, things will be changing Mike yesterday again. This rejection that 61.50 should mean it's not going to get there,, another pop-up sold and breaking 57 can accelerate downside

12 Jan 2017 01:37 pm
so far just another small pullback turning up 58.50 again must told the 58.50--57.50 area at the very lowest or breaking down. The Dow flatlining, ES needs to keep going to/through 63 area

12 Jan 2017 01:40 pm
aafter coming off of the 48.50 low the ES paused at the 54.50 prior support area and had a small pullback, but then just after noon it was broken/held and it's been trend up since and stay that way to the area

12 Jan 2017 01:42 pm
to the 63 area is possible as long as a small pullback turns up from around 60-59 area at the very lowest

12 Jan 2017 01:49 pm
62.75 so far and iif no quick reversal here this could go even through 63 up to 63.50-64.50 prior support area or even higher like yesterday to a new high over 65

12 Jan 2017 01:51 pm
63.25 resistance / target reached and now a pullback needs to be small and turned up from around 61.50 area to keep uptrend and try grinding higher

12 Jan 2017 02:01 pm
with this stopping at 63.50 and stalling, it's going to need to hold and turned up from 61 or else he going to the 58.50-57.50 area which should be important to hold above

12 Jan 2017 02:12 pm
turned down from 63.25 and there is a cluster of 3 different ways of getting resistance at 63-63.50 – so needs to get above 63-63.50 and be able to hold oon this move up here for this to be like yesterday and not fail

12 Jan 2017 02:18 pm
should be on the way up to or through the 65 level and will need to either blast through or only a tiny pullback after to keep from a failure in this area

12 Jan 2017 02:23 pm
64 touched and turned right back down and write at the prior 63.50-64.50 support zone and unable to hold over 63--63.50 this reversal could start some decent pullback

12 Jan 2017 02:24 pm
especially if this goes under 61 on a pullback and get the Dow to begin to roll over from its snail pace crawl higher

12 Jan 2017 02:36 pm
still now acting like yesterday with this blowing through the 64 high to a higher high for the day so far and should go for the 70.50 close from yesterday next and to go into plus territory

12 Jan 2017 02:43 pm
so far just a small pullback holding 64 prior bounce high and will avoid a reversal as long as it holds over 61.50-61 area on a pullback A move under that area would break this stairstep and grind higher

12 Jan 2017 02:47 pm
with back-to-back days with lower lows and a chance to breakdown, but instead a reversal and rally to new high after 23 point drop but

12 Jan 2017 02:49 pm
a bunch of economic data out in the morning, and I doubt that this is exactly like yesterday even with a closing TRIN a aove 1.00 for 5 days in a row. Should see decent pullback again up some sort before another bounce

12 Jan 2017 02:55 pm
a high COULD be in place unless ES does not hold 62--61 area and break uptrend line on Dow cash on 5 minute chart and on ES also.

12 Jan 2017 03:02 pm
on the way up from 48.50 there has been 5 pullbacks of 3.00 points and a pullback from this double top must told 63 or else upside symmetry could be breaking and bounces begin to fail in the last hour

12 Jan 2017 03:04 pm
however, as long as a pullback is 3.00 points or less and turns up, then uptrend still in tact and another push higher would then be'possible still instead of a 3 PM double top at 66

12 Jan 2017 03:09 pm
if the ES is going to leave Dow 20,000 behind and selloff to where they won't bounce back so easily, like down to work through 2235 area possibly, then probably should breakdown here

12 Jan 2017 03:10 pm
or be sold on economic data tomorrow. It is STILL looking like 1990

12 Jan 2017 03:13 pm
cES will need to turn up with some gusto from 62-61 at the lowest and be able to make yet another higher high above 66 in the last hour or else a late day pullback today

12 Jan 2017 03:15 pm
there is pretty good sellers just above and did not break a run up is going to happen

12 Jan 2017 03:16 pm
aat least until a bit more downside and needs to reverse from 62-61 area which is just below here with gusto again

12 Jan 2017 03:21 pm
bouncing off of 62.25 and needs to have enough to get up to four through 66 in order to keep this going to hire highs and higher lows, avoid breaking uptrend by much more

12 Jan 2017 03:26 pm
in the last 330+ minutes the ES is going to need to hold above 62--61 in order to keep the trend up action from failing and having a potential late day breakdown

12 Jan 2017 03:27 pm
IF that happens then a break and hold under 62-61 could mean another drop back down to 59.50-58.50 which is just below that, and would be a key area to and the day above

12 Jan 2017 03:29 pm
have a great rest of the day. I'll meet you in the morning a little bit after the numbers have been released. until then take care!

 

INTRADAY LOG FOR WEDNESDAY - JANUARY 11, 2017

11 Jan 2017 09:04 am
Good morning! the ES went down to 59.75 again overnight, and on and hourly chart (including Globex around-the-clock trading) there are a bunch of hourly lows at 59.75-59.50

11 Jan 2017 09:09 am
if reached again it should go much below that and turn right back up, or else a bigger breakdown could happen. And this 63.50-63 area must not be broken//held or could get down there

11 Jan 2017 09:14 am
the two-sided day yesterday and late day drop probably got some people to short and with them in the "profit position" the weak ones will likely cover right away and prop the market up a bit

11 Jan 2017 09:15 am
bounces have not been sticking though, and still need to get through 69.50-70.50 and stay up there

11 Jan 2017 09:16 am
so look for pop-up to be sold into and then if 63.50-63 broken through and holds under 64 pressure should be on to test or break 59.58 area

11 Jan 2017 09:28 am
has to at least take out 64 and then hold 63 or else pressure still on early

11 Jan 2017 09:36 am
has to get over 64 and then hold 63 on a dip in order to attempt a run up of some sort, otherwise a chance it could go down towards 59.50 area again which is a big-time support area

11 Jan 2017 09:41 am
still attempting a feeble bounce that must get over 64 and hold 63 on a dip for this to be a low of some sort for a while

11 Jan 2017 09:44 am
pullback should be bought and then bounce after should fail

11 Jan 2017 09:45 am
short covering bounce to start and bounces should have a hard time holding but has to hold around 63 to avoid potential breakdown

11 Jan 2017 09:46 am
previous leader NQ having a rough start to the day and that needs to take out 5036-5038 or else may have topped out

11 Jan 2017 09:53 am
bounce off of 63.50 on a debt has to get through some minor resistance at 66 or else fail and come down with the NQ

11 Jan 2017 09:54 am
must hold above 64-63.58 area or else potential breakdown instead of trying for 69.50-70.50

11 Jan 2017 09:55 am
took out 66 and now must told 65.50 at the lowest.. I'll meet you online around 10:30

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


11 Jan 2017 12:00 pm
after touching 69.50 resistance the ES immediately backed down and sold off hard down to 55.00 just above 54.50-53.50 support, and surprisingly almost back to the high which should be sold

11 Jan 2017 12:08 pm
the ES stalling and turning from under major resistance and start some decent pullback from around here to test 63 area again most likely

11 Jan 2017 12:11 pm
for now and watch the ES goes back under 64.50-63.50 and holds it can avoid a drop and try for a test of 69.50-70.50 resistance again, however the way it was slammed down from their earlier probably will not hold

11 Jan 2017 12:16 pm
with this toy out around the 67.50 my or resistance, definitely must told over 65-64.50 or else another to or through 62--61 at a minimum it looks

11 Jan 2017 12:17 pm
I will be back around 1:15 or thereabouts but probably not available before then unless something big happens and I am free. Short side better odds unless 69.50-70.50 broken and held

11 Jan 2017 12:47 pm
breaking through 64.50 and then 62-61 can keep this going to the 55-54 area which must told or else bigger breakdown to work through 48 area possibly

11 Jan 2017 12:49 pm
should hold at or below 60.75-61.75 area tto go down there. Also keep an eye on the Dow cash if you have that, as it has kind of led the ES with a cleaner pattern

11 Jan 2017 01:11 pm
just another failed bounce attempt and coming from the 63 prior support and should now test or break 57.50 area and possibly 55-54 for a bigger breakdown

11 Jan 2017 01:12 pm
that could go towards the 48.50-47.50 major pullback support on this move

11 Jan 2017 01:15 pm
that is the first big pullback support, then 52 area and then the 48-47 major pullback support area.

11 Jan 2017 01:20 pm
With this very choppy action so far inside of 20 minute drop from 69.50 to 55.00 (54.50-54 support) it nneed to get back above 63 or else stairstep lower to a moved to or through 55 after bounce fails

11 Jan 2017 01:24 pm
needs to take out 63 on this run up or else a stairstep below are could still occur with the ES coming back down from a lower high and make a lower low at or below 55 low area

11 Jan 2017 01:27 pm
lower high and 55-54 or lower should be in the cards as long as they hold under 60.75

11 Jan 2017 01:31 pm
testing lows on the Dow and ES at the moment but needs to take out 59.75-60.75 or else keeps on pushing lower with failed bounce attempts

11 Jan 2017 01:37 pm
double bottom in place and there is a following wage type of pattern about to be broken on the upside that could lead to more upside after another dip if there is one before getting to work through 63 again.

11 Jan 2017 01:39 pm
another pullback from 63 area likely and then should get turned back up and try to push to work through 65.50 area

11 Jan 2017 01:45 pm
14.50 point drop from 69.50 down to 55.00 starting at 11:20 AM until just before 11:40 AM. Even if it gets back above 63, which it must to avoid test of 59.75

11 Jan 2017 01:47 pm
it should not be able to go back up to 69.50 area again and be able to stay up there. The run up to 67.75 was sold back to the low, and doesn't want to stay at higher levels very long

11 Jan 2017 01:51 pm
turned down from just under 63 and needs to hold 59.50 and pop back up again to avoid what could be another drop towards the lows and instead of an attempt at 63

11 Jan 2017 01:55 pm
falling wedge broken and market turning bullish as long as 60.50-59.50 is not broken at this moment anyhow – – need to be away about 15--20 minutes and will update around 2:05-2:20 PM

11 Jan 2017 02:18 pm
the ES so far able to hold 61.75 on a pullback after taking out the following wedge pattern and resistance is at 65.50 and then 68 before the 69.50-70.50 zone which should be rejected if reached given this volatile up and down action

11 Jan 2017 02:28 pm
almost to the 65.50 level and will need to hold 63 on any pullback to keep the rising wedge breakout from coming back down again and allow the ES to attempt 68 area, but should have some trouble holding up there

11 Jan 2017 02:34 pm
the Trin is at 1.34 and has closed above 1.004 either 3 or 4 days in a row which is normally a bullish signal and this would be another day closing above 1.00 if it stays here, but psychologically not enough for Dow 20,000

11 Jan 2017 02:43 pm
67--68 should be hard to get through if going to hold below 69.50 high at resistance – needs to bounce off of 65 area or come down to/through 63 and break trend up action

11 Jan 2017 02:51 pm
has to hold 65 and take out 67 or else head back down to work through 63 area which is more likely from here at the moment

11 Jan 2017 03:02 pm
bouncing from 64.75, so still in an uptrend and could take out 68 on this move but not be able to hold or else it's headed back up to 69.50-70.50 before the close

11 Jan 2017 03:06 pm
almost up to the 68 level and if no sign of a turn then 69.50-70.50 resistance could be tested, as this has been trading inside of a 20 minute moves that started at 11:20 AM from that level

11 Jan 2017 03:09 pm
trying to reverse from 67.50 and not reach 68 and a move under 65 is needed and not turned right back up or else this is just a small pullback before going higher instead of a last hour high area

11 Jan 2017 03:11 pm
buyers should be backing away up here until there's a decent pullback to buy again. Should not be able to take out 68 and hold, unless things are changing

11 Jan 2017 03:18 pm
no problem holding on a small pullback and getting to 68 and if this keeps going then it's headed to test or break 69.50-70.50 at the end of the day, would need to hold to be a big reversal

11 Jan 2017 03:24 pm
small pullback from 68.25 so far and should hold 65.50-64.50 to keep uptrend knowing and avoid late day pullback

11 Jan 2017 03:33 pm
so far just another small pullback and needs to take out 68 and not turn right back down again, or a move back under 65 needs to quickly turned up or else come back towards the middle of range around 63. buyers in charge since 1:10 PM should try to p

11 Jan 2017 03:35 pm
have a great rest of your day. Catch you tomorrow morning shortly before the open. Should be an important day with the ES up here, after being down there. Take care!

 

INTRADAY LOG FOR TUESDAY - JANUARY 10, 2017

10 Jan 2017 09:04 am
good morning. No change from the nightly update, needs to take out 67.50 and especially take out 70.50 and then hold around 69 and turned up. Or break 63.50 and then hold under 64.58 area

10 Jan 2017 09:07 am
after this mornings live session there won't be too many updates as I have a doctors appointment this afternoon and need to leave just after 1 PM.

10 Jan 2017 09:14 am
tiny range yesterday should expand today I would think. I will update shortly after the open as long as the market doesn't move too much from here before then. And then meet online around 10:30

10 Jan 2017 09:29 am
has to get over 66 and hold at a minimum or else take out 64-63 area likely early and then could try to pop up again

10 Jan 2017 09:33 am
should have resistance at 63.50--64.50 and should hold under that area or else a low could be in place for a bit

10 Jan 2017 09:37 am
sshould turn down again from this area and doesn't get anything going on the upside unless 65.50 is broken and then 64.58 area holds. – 10 AM Econ data today

10 Jan 2017 09:40 am
63.75 bounce high and holding under 64.50 keeps this under pressure to go down to at least test the low and could go to 59.50-58.50 major area

10 Jan 2017 09:43 am
lower low made so far by just 1 tick so far but still should be headed to 59.50-58.50 where it must get turned around or else could be in bigger trouble coming off of doubt 20,000

10 Jan 2017 09:45 am
in order to get turned around still the ES needs to get back above 63.50--64.50 and only have a small depth afterwards. could turn up at lower levels though. Econ data at 10 AM

10 Jan 2017 09:45 am
I will meet you online around 10:30

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


10 Jan 2017 12:04 pm
after dropping down to the 59.50 major support in reversing 25 minutes after the open the ES broke and then held 63-64 and has been in a trend up move just messing 73-74 area sso far. Should not break and hold over that resistance before some pullba

10 Jan 2017 12:08 pm
so far 4 pullbacks of just 1.50--1.75 points since turning up from 61.75 and taking out 63-64and would need to take out 73.50 to break that

10 Jan 2017 12:11 pm
73.50-74 is resistance and a target on the upside from this morning's live session if long and trailing a stop 1.75-2.00 points off of a high

10 Jan 2017 12:12 pm
a pullback greater than 2 point would break upside symmetry and could be a high in place if that occurs, but especially if 73.50-74 resistance/target not reached

10 Jan 2017 12:14 pm
I have to leave for a doctors appointment in about 1 hour and need my lunch break etc. before leaving. I will update before heading out the door. rarely get in and out quickly

10 Jan 2017 12:15 pm
if some miracle happens and I do get in and out and back home by 3 PM, then I will update if necessary. Otherwise, I'll send a nightly update and meet you in the morning

10 Jan 2017 12:17 pm
73.50 was just reached and could be some pullback from this area, but if it is small I won't be surprised if the ES makes an attempt at the 77 high area. And doubt 20,000 just 50 points higher

10 Jan 2017 12:28 pm
actually, the way just as stretched out and so far not able to take out 73.50-74 and hold (aat least so far), like at the other prior resistance, it would surprise me to get to 77 and 20,000 before I get home.

10 Jan 2017 12:28 pm
Pullbacks 2.00, 1.50, 1.50, 1.75, 1.25, 1.50 points and 1.58-2.00 points off of 74 high is 72.50-72.00, and with that much symmetry must told or getting top-heavy, could be a high.

10 Jan 2017 12:28 pm
good luck this afternoon!

 

INTRADAY LOG FOR MONDAY - JANUARY 9, 2017

09 Jan 2017 09:14 am
Good morning! I mistakenly gave the wrong resistance for the NQ and the corrected numbers were just emailed. My apologies. In addition, I am without charts on other computer, a bit "one eye blind" and might take a bit to get iin sync this morning

09 Jan 2017 09:16 am
in any case, Dow 20,000 is within reach but ES should be under pressure holding under 69.50-70.50. Need to bounce from 66.50-65.50 with gusto up through the zone and hold

09 Jan 2017 09:25 am
67.25 Globex low is just above the 66.50-65.50 support zone and if that holds then needs to still go above 69.50-70.50 and then especially over 73 and hold on a dip for attempting Friday high area

09 Jan 2017 09:35 am
holding under 69 from the open and needs to bounce from 66.50-65.50 back up above 69.50-70.50 and not try right back down

09 Jan 2017 09:38 am
a bounce attempt should fail to get to 69.50-70.50 unless a move over 67.50 that does not get turned right back down

09 Jan 2017 09:39 am
turned up from just 1 tick below 66.50 support and a move over 67.50 that holds could mean a low might be in for a bit

09 Jan 2017 09:43 am
dropped from 67.75 unable to get over 65.50 and not turned right back down and should be making lower lows and lower highs until going down to the 64.50-63.50 major pullback area unless 67.50 broken/held

09 Jan 2017 09:49 am
the NQ turned down from 5016 resistance on the open and would need to get above that area and hold and the ES get back above at least 66.50 and hold to begin a bottom attempt or have one in already

09 Jan 2017 09:50 am
a failure under those areas should mean another move back down to test or break the low. Dow cash currently stalling at its low and needs to turn up soon also

09 Jan 2017 09:56 am
upside stalling and unless a move back over 67.50 and holds over 66.50 after that the ES will go back down to course through 65-64

09 Jan 2017 10:05 am
tiny double top at 67 and will be under pressure unless 66.50 broken and then able to hold 66 on a small pullback and keep going higher. Headed to the low otherwise

09 Jan 2017 10:06 am
a move under 63.50 low sure it only get back up to 65-65.50 and turned back down to keep pressure on towards 59.50 area

09 Jan 2017 10:09 am
Dow cash tested its low and got another little run up but not get above 67 and hold up there. If I'm wrong, then could go for 69.50-70.50

09 Jan 2017 10:11 am
63.50 below and 64.00 pullback low so far and needs to get over 64.50 or else no 123 bottom but a breakdown instead and could build towards 59.50 area

09 Jan 2017 10:13 am
it is the 65.50 level that needs broken above and held, 64.50 broken but needs to go through 65.50 at least and hold

09 Jan 2017 10:17 am
still a hold of the low and a move over 65.50 could take pressure off to test or break 67 area

09 Jan 2017 10:19 am
if it does not, and makes another lower high under 67 and turns down, then we could see the Dow come down and break its low. That is what is holding things up right now

09 Jan 2017 10:19 am
if it does not, and makes another lower high under 67 and turns down, then we could see the Dow come down and break its low. That is what is holding things up right now

09 Jan 2017 10:23 am
the Dow should be key this morning as it has been holding 19,895 area and if broken by much then help take the ES down. a move over 19,918-20 canget to or through 67.50 now a key area

09 Jan 2017 10:28 am
another failure at 67.25 so far and the Dow cash 19,914 bounce high, and to make another push higher this pullback should hold 65 and turned up and take out 68 – can breakdown otherwise

09 Jan 2017 10:35 am
currently stuck between 67.25 triple top and 65.75 small pullback low and and needs to get through 67.25 and not turned right down again, it's going to drop back to work through the low otherwise

09 Jan 2017 10:38 am
double bottom made at 10:10 AM and normal time for a turn(and high or low oftentimes), however failure to get through 67 and hold 65.50 keeps this under pressure – must be broken/held

09 Jan 2017 10:43 am
still between 67.25 and 65.75, and with a low made in the first 40 minutes 66.75 should hold or else make a lower low instead of having one in place already

09 Jan 2017 10:45 am
69.50-70.50 is a token hire high and also down sloping 60 EMA on the day session 5 minute chart and should not be broken through and held the way the market is acting. Bounces should have trouble holding

09 Jan 2017 10:51 am
at the moment as long as 67.75 is held then avoids a breakdown. Should have trouble going to course through 69.50-70.58 area at the highest early, several things there with 60 EMA

09 Jan 2017 10:54 am
69.50-70.50 just missed so far and should see some pullback from that area and must told around 67 at the lowest or uptrend could break

09 Jan 2017 11:01 am
backing away from 69.50 new resistance for a scalp trades at least and needs to bounce off of 67 or else could begin to breakdown and have a high in place.

09 Jan 2017 11:05 am
68 pullback low from 69.50 high at new resistance so far and should go to 67 area before a bounce attempt if there is going to be one instead of going towards 65.50 and if broken new lows

09 Jan 2017 11:07 am
69.50-70.50 area still important resistance to get through, and if so then hold 69.50 after reaching 71 area to get to 73 – good resistance there IF reached.

09 Jan 2017 11:14 am
bounce from 67.75 still holding above top of prior narrow range but turned down from 69.50 again so needs to hold 67.75 for a chance to get to work through 69.50-70.50 new resistance

09 Jan 2017 11:21 am
ES is holding 68 area and unless broken could push through 70.50 up to 71.50 close from Friday and if so then 73.50 area would be next and that could be a key area to get back above to avoid reversal

09 Jan 2017 11:23 am
the low came in the first 40 minutes and they 123 bottom was made and sense taking out 67.25 has been holding on dips, 70.50 just missed so far, 67.75 key support now

09 Jan 2017 11:27 am
bounces are not sticking and this pullback could easily take out the 67.75 level and go back to 65.75 or lower if 67.75 easily broken

09 Jan 2017 11:35 am
failed the bounce attempts and could be headed back to 668-67.50 area which needs to hold or keep going another couple of points lower

09 Jan 2017 11:52 am
70.25 bounce high at prior the initial support turned resistance zone should be major area to get over/hold today. a hold under 69.50-70 at the highest should not be broken. Should test/break 65.75 area

09 Jan 2017 12:06 pm
66.50 was reached and popping up and now needs to hold their and get above 68 area and stay up there or else no pullback low but could breakdown instead

09 Jan 2017 12:07 pm
69.50-70.58 area still important resistance that needs to be broken through on this move, not rejected or turned down from below,, or else topping or decent pullback at least

09 Jan 2017 12:13 pm
right now the ES is in between the 69.50-70.50 area that is good resistance and should be sold into, and support down a 66.50-65.75 area if reached.. Should test bottom before top way it looks

09 Jan 2017 12:23 pm
so far 66.25 new pullback low and still would need to get over 69 at least as the 60 EMA rejected 2 times so far and at that price currently. Along with lower spine high

09 Jan 2017 12:24 pm
I will be oh wait until around 1:20 PM and will update at that time. Only sooner if I happen to be free and it is necessary

09 Jan 2017 01:25 pm
the ES went up to the 69.50-70.50 zone again and is backing away from 69.75 and will need to hold around 67.25 or elseto work through bottom of sideways movement at 66.25

09 Jan 2017 01:25 pm
pressure should stay on just holding under 68.25 right now in this small and slow moving downtrend

09 Jan 2017 01:32 pm
attempting to hold this 66.25 area for a third time and a move under that level should not go past 65.75 by more than a couple of ticks, or else continue down to test or break 64-63.50 early 123 bottom

09 Jan 2017 01:41 pm
needs to go under 65.75 at least if it's going to go down to test or break the low, a move back above 68-68.25 needed to get out of what could be some trouble and try to get upside going

09 Jan 2017 01:52 pm
it has been slow trading but even though a bounce from 66 it's not going to stick and should come down to break 66 area and test or break the low the way this is acting

09 Jan 2017 01:55 pm
so far there is an epic failure under 20,000 on the Dow and 2277 on the ES, with the NQ making its all-time high today and coming down from nearly parabolic rally.

09 Jan 2017 01:56 pm
if not short already, be short something for a swing trades with a stop at 70.50 today.

09 Jan 2017 02:10 pm
the ES needs to take out 66 and not bounce back, and continuing to hold below 68 keeping pressure on it looks, and NQ coming off parabolic run up should help keep pressure on, the Dow to roll over further is all

09 Jan 2017 02:18 pm
64.75 low so far and double bottom was at 64-63.50 and needs to turned down from around the 66.50 area +/- tick it looks like to make a move down to or through 64-63.50

09 Jan 2017 02:20 pm
if it does more than that, then 68 would be important area to get above for a chance at the 69.75-70.25 little 123/double top

09 Jan 2017 02:28 pm
currently holding unde the 6-66.50 and pressure stays on to take out the low unless that is broken above

09 Jan 2017 02:32 pm
64.75 pullback low so far but still holding at 66-66.50 and that must be broken above and held on a dip in order to attempt a turnaround instead of going to new lows

09 Jan 2017 02:34 pm
in the case of a decent breakdown, the 59.50--58.50 area is a key area that needs to hold or else bigger breakdown would be underway. Should not go down there or else in some trouble after messing around with doubt 20,000 last week

09 Jan 2017 02:39 pm
that is going to need to hold as a low and take out the 66--66.50 area now to get a rally starting from the 2:20-2:40 time frame, and not another failed bounce attempt on the way to test/break 64-63.50

09 Jan 2017 02:40 pm
still works like holding under 70.50 is going to be leaning towards move towards 59.50-58.50 area for a target on 1/2 of the position

09 Jan 2017 02:46 pm
we got the test of the low and held by 1 tick in this small range today and could start a bounce off of that but still needs to take out 66 area to break current downtrend

09 Jan 2017 02:56 pm
if the market wasn't acting so weak with the ES breaking 69.50-70.50 and having that turn into new resistance (twice) on bounces, it's and think to turn around and take a bigger trade on the long side

09 Jan 2017 02:57 pm
could have a low in with double bottom at the morning low and 2:45 PM low. BUT must at least clear 66 or else still is bearish and still could break the double bottom late in the day

09 Jan 2017 03:07 pm
well so far 66 was reached and the ES is backing away a bit, but should get bid back up and take out 66-66.50 tto finish with end of day bounce and not a breakdown in the last hour

09 Jan 2017 03:11 pm
still holding under 66 and needs to get above that and hold pretty soon if this is going to bounce instead of rolling over from this area wife get well if it is stalling here 1-2 minutes at the longer

09 Jan 2017 03:17 pm
the stall at 66 putting some pressure on and should stay on unless/until a move above 66--66.50 that does not come right back down again like some other bounces have done

09 Jan 2017 03:17 pm
the stall at 66 putting some pressure on and should stay on unless/until a move above 66--66.50 that does not come right back down again like some other bounces have done

09 Jan 2017 03:18 pm
with this not giving us a late day drop but instead a double bottom at 2:45 PM, take small profits on what was going to be a screen trade

09 Jan 2017 03:22 pm
did not get to the 59.50--58.50 support/target, and had a chance to take out 66-66.50 The end of the day, if so watch 68 for resistance before the 69.50-70.50 high of the day area – should be very hard to get that far ttoday – good sellers not too f

09 Jan 2017 03:28 pm
just a 6.75 point range today, so a move over 66-66.50 tthat holds could give a decent run up

09 Jan 2017 03:29 pm
buying coming in with 35 minutes left and has to get above 68 and not turned down. If strong enough to get through 68 and not reverse, 69.50-70.50 major area to get above and close above today

09 Jan 2017 03:35 pm
"swing" trade turned out to be a "quick out" for a little more than 3 points on the ES due to double bottom and holding on dip. So far 67.50 bounce high just under 68, and needs to hhold 66 and

09 Jan 2017 03:35 pm
hold around 66 and get above 68 to avoid late day drop if unable to clear and hold over 68 in the last 25 minutes

09 Jan 2017 03:37 pm
have a great rest of your day. A link for the live session will be mailed out this evening.. The nightly update will be sent separately so look for both of them, and then I will catch you here in the morning.

09 Jan 2017 03:38 pm
until then, have a great rest of your day and buyer beware. Take care!

 

INTRADAY LOG FOR FRIDAY - JANUARY 6, 2017

06 Jan 2017 09:09 am
Good morning! If the ES pops up on the open pit should come right back down again for a quick pullback at a minimum.

06 Jan 2017 09:11 am
63.50-61.58 area needs held or could go down to or through 59.50-58.50 key area. should hold and bounced or could be some trouble. If that is broken/held a top could be in

06 Jan 2017 09:23 am
unless there is any change before the open update a little bit afterwards but still should see early run up sold into and 64.25 close from yesterday needs held above or would test or break 63.50-62.50. 65.25 high from yesterday should be touched to

06 Jan 2017 09:25 am
should at least touch 65.25 to fill the gap on the daily chart

06 Jan 2017 09:29 am
so should pullback to 64.25 cclose from yesterday and probably test or break 62.50-61.50 key area early

06 Jan 2017 09:32 am
62.50--61.50 zone reached and a pop-up will need to go up through the high and stick or else come back down to or through 61.50

06 Jan 2017 09:37 am
58.50 support reached and a bit of a bounce and would need to get over 63 area and hold to aattempt a reversal to get out of this downtrend

06 Jan 2017 09:38 am
a move under 58.50 that holds under 59.50 after that needed to put more pressure on and potential break down towards yesterday's 55-54 major area which held yesterday

06 Jan 2017 09:41 am
bounce from 58.50 should turned back down from 61.50-62.50 and stay below 63.58 area if it's going to make another move down to test or break 58.50

06 Jan 2017 09:45 am
62.25 at updated resistance zone sold and may not make it all the way to 58.50 but if it does it will need to quickly turned back up and get over 62.50 and hold to avoid bigger drop

06 Jan 2017 09:47 am
unless 62.50 broken/held on this bounce, market stays under pressure and can come back down to or through 58.50 and go towards 55-54 major area

06 Jan 2017 09:49 am
the VIX dropped all the way down to 11.00 overnight and is still down for the day with no fear at all. Suspecting bounces to fail and bearish under 62.58 area

06 Jan 2017 09:50 am
double bottom at 58.50 quickly turned back up and now has a chance to get above 62.50 and will need to hold if it does

06 Jan 2017 09:53 am
turning down from 61.50-662.50 zone,, should only be a small pullback and not go to 58.25 or would be breaking down

06 Jan 2017 09:56 am
needs to hold 60 and take out 62.54 else go back down to work through 58.50 double bottom at support

06 Jan 2017 10:01 am
sshould pullback from 63.50 area which was just below yesterday's close at 64.25 and that area also is a key area to get above and hold for this move to keep going higher

06 Jan 2017 10:02 am
this will have trouble right up here and should hold under 65 area

06 Jan 2017 10:04 am
would need to be a bounce off o 62.58 area which looks pivotal and take out 64.50 close area from yesterday for an attempt at the 65-66 area where there should be good resistance, but if no sign of a turn it could keep going and hold over 65 to go t

06 Jan 2017 10:08 am
should hold ove* 64.58 area if going to get through 66-67 – strong resistance – and if that happens and 66 holds 69.50 could still be reached

06 Jan 2017 10:10 am
sold from where the selling started on the open and pulling back and must bounce from 64.50-64 area or else uptrend could be breaking and bounces fail especially if 62.50 is reached – should not come close if the market is strong

06 Jan 2017 10:12 am
64 held so far and now must go to the high or else rollover and go to course through 62.50 area instead

06 Jan 2017 10:19 am
the ES came down from a 123 top to 6 63.25 and shouldn't go much further or will be breaking down further from the 66.25--66.00 tops. Can continue drifting lower

06 Jan 2017 10:24 am
it is going to be the 63.50-62.58 area that is new key and pivotal support area, and holding under the high and breaking and holding underc 63 area can be a reversal

06 Jan 2017 10:32 am
appeared tto be topping out and should be coming back down to or through 60.50 if this continues

06 Jan 2017 10:39 am
the ES getting close to 60.50 where it needs to reverse or else take out the 58.50 double bottom

06 Jan 2017 10:43 am
61.00 pullback low just above 60.50-60 new support wire buying came in after turning up from 58.50 the second time. This bounce will not make a new high, unless 64 broken/held on a dip

06 Jan 2017 10:54 am
64.25 was reached but did not hold the first time. A small pullback was turned up and should try for a token higher high at least

06 Jan 2017 10:59 am
the Dow is at its high and the NQ is also very strong and just pullback from itst new high so another dip/pullback needs to hold 64.50--64 area at the lowest

06 Jan 2017 10:59 am
oor else and other run up will also be sold into, and probably will be anyhow

06 Jan 2017 11:01 am
64.75 is the pullback low off of the token hire high and needs to make another higher high and then hold 64.50 or else a top is in for a bit and another decent drop before bouncing again

06 Jan 2017 11:03 am
decent drop, if doesn't run up from 64.50--64 to make a higher high, and breaks that zone would be to or through 63 where the last run up started from

06 Jan 2017 11:06 am
should see 68.50 if a 123 top does not have follow-through to or through 64 on this move down

06 Jan 2017 11:09 am
trying to bounce but should not make a new high before dropping again..

06 Jan 2017 11:10 am
starting to pullback, but if I'm wrong and there is a new high it will not be able to stick and should come right back down again. But should test or break 64 area

06 Jan 2017 11:14 am
still going sideways just above 64.50 pullback low and that 64.50 needs held for a shot at a token hire high, but if broken then 63 area key support

06 Jan 2017 11:15 am
69.50 area has a shot if this continues with only a small pullback and another push higher

06 Jan 2017 11:16 am
appears destined to get there or higher. Weekly high the past couple of weeks at 69.54 the day session

06 Jan 2017 11:22 am
token higher high at 68.00 was sold but not aggressive pullback at all and will stay strong unless a break and hold under 66 area

06 Jan 2017 11:24 am
should get to 69- 69.50 area soon on this move or else could turn back down and then could go back towards 64.50 key area

06 Jan 2017 11:27 am
should be hard to take out 69.50 and be able to hold.. If the ES goes back under 66.58 area uptrend could be breaking

06 Jan 2017 11:32 am
steady uptrend holding the 9/18 EMAs on the 1 minute chart for uptrend to guide with 69.50 broken by 1 tick so far but has a chance to keep on going towards 73 or a little higher and over 2278 on S&P 500 cash to reach all time highs..

06 Jan 2017 11:35 am
the ES has been in a steady uptrend and would need to go under 68.50 and not turned right back up to put a at in this current move. So far reached 70,, and

06 Jan 2017 11:36 am
if this does not get above 73 and there is a breakdown, then there is going to be yet another lower high on the S&P 500 cash and futures along with the doubt 20,000 being missed again. Must continue holding on tiny pullbacks

06 Jan 2017 11:37 am
aand above 68-67 at the worst or else could be some damage done to this current uptrend

06 Jan 2017 11:45 am
so far 71.75 has been reached,, and S&P 500 cash stopped just under its 2277.53 all-time high intraday..tthis should get above that level and 73 on the futures with barely a pullback after

06 Jan 2017 11:47 am
to keep this going and avoid potential top and try to go another 4-5 ES points to get the Dow cash up to the 20,000 level,

06 Jan 2017 11:49 am
do not fade this move, strong uptrend in momentum and buyers on every little dip so needs to be a break of strong uptrend, all topping patterns have been short-lived

06 Jan 2017 11:50 am
also continue using the EMAs on the 1 minute chart as dynamic support as those continue to hold since the last update about them about 10 points lower

06 Jan 2017 11:52 am
aabout 8 points lower. Right now 72.75 high of the day is 1 tick under 73.00 all-time intraday high on the ES, and now could get a break of this strong uptrend is 70.75 area broken through

06 Jan 2017 11:56 am
sstrong uptrend meets all time highs on S&P 500 cash and futures, and a break back under 71-70.50 area could put a dent in current uptrend,, start pullback that would need to hold above 66 areaat worst. likely not going there

06 Jan 2017 11:58 am
another bounce from the up sloping 9/18 EMA zone on the 1 minute chart and new all time highs on the S&P 500 cash in futures and should keep going towards 77.50-78.50 or no doubt 20,000. Missed by 24 points at its high so far

06 Jan 2017 12:04 pm
this looks like a topping pattern if this breaks 71 and then holds under 72 at the highest

06 Jan 2017 12:05 pm
also, finally broke EMAs on the 1 minute chart by a little bit so far and that puts a dent in the upside momentum.. The ES should hold 68.50 at the lowest if it's going to bounce back again it appears

06 Jan 2017 12:09 pm
I have a doctors appointment this afternoon so I need to stop updating around 1:30 PM and that is just after lunch break, so I'm not sure how many more updates there will be today. I WILL send an update or two before going however.

06 Jan 2017 12:12 pm
the area at 69.50--68.50 it looks like and if that is broken by much it might be too much to keep this in a trend up mode..

06 Jan 2017 12:38 pm
quick note, almost reached 77.50-78.50 and with the Dow getting within 22 points of 20,000 and backing away also.. Should hold over 74 area to get up there on this move and not undergo bigger pullback before another attempt

06 Jan 2017 01:16 pm
well, almost exactly like in 1990 (aat least so far) so far the Dow reached 19,999.63 and then backed away after teasing everyone with their cell phones ready to take a photo

06 Jan 2017 01:17 pm
and the ES went from 77 down to just 74.25 and as long as the ES does not break 74 and stick, it will need to go back down and take out 71 area for a reversal from up here. door is open still to go back up to Dow 20,000 and 77.50-78.50 resistance

06 Jan 2017 01:30 pm
after 3 attempts attempts at getting tto or through 20,000 on the Dow the ES turned down a second time from 76.25 under the 77 high and that could be used for a stop on a short for a move to test or break 71 area at a minimum

06 Jan 2017 01:32 pm
tthe ES will need to take outthat 77.50-78.50 zone I gave last night, that is about equivalent to 20,000 on the Dow cash, and be able to only have a small pullback after, to breakout over this psychologically major area.

06 Jan 2017 02:07 pm
well the ES came down to 73 but then turned right back up and the Dow is back up testing but just below 20,000 and the ES is still under 77.50-78.50 – however

06 Jan 2017 02:07 pm
eexpect 77.5-78.52 be reached today

06 Jan 2017 02:08 pm
and maybe even more as it has been up your so many times it's finally going to want to get it over with this week as it probably needs to do to bring in either good buying or good selling on Monday..

06 Jan 2017 02:10 pm
almost up there again and probably needs to go through pretty soon after a small pullback if it's going to do it this afternoon.. Watch the 2:20-2:40 time frame for a potential turned, or acceleration of the trend

06 Jan 2017 02:11 pm
I am off to a doctor's appointment real soon here. have a great weekend! I will meet you on Monday morning after sending the update out on Sunday.. Take care!

 

INTRADAY LOG FOR THURSDAY - JANUARY 5, 2017

05 Jan 2017 09:05 am
good morning. Per last night's update, ES under pressure holding under 62.50-63.50 zone

05 Jan 2017 09:15 am
for a chance to get back up there, then needs to get turned around from 59.50-58.58 area at lowest, hold above yesterday's 57.15 low, and run up with gusto

05 Jan 2017 09:21 am
my RBI oscillator was well and two extreme territory, and 3 day thrust oscillator just missing its +.50 overbought extremes by just .02,, and WComm oscillator just missing an extreme.

05 Jan 2017 09:23 am
so just missing across-the-board extremes, but should be hard to hold gains. So IF 62.50--63.50 broken and held there could still be another run up, but just not hold

05 Jan 2017 09:25 am
I will update a little bit after the open and then meet you online around 10:20 or a little after this morning

05 Jan 2017 09:33 am
ppop-up to 63 rejected and should be under pressure and less 63.50 broken and then 62.50 can hold on a dip on this bounce

05 Jan 2017 09:35 am
bounce from 60.50 just above support and just took out the high and needs to hold on a small pullback to keep going through the 64.25 close from yesterday which could be pivotal

05 Jan 2017 09:42 am
63.75 high and not over 63.50 millisecond and needs to hold 61.50 or else topping out instead of a move up to 64.58 area or higher

05 Jan 2017 09:44 am
needs to continue going up through 65 and hold at or above 64--63.50 if that happens, or there could be a reversal

05 Jan 2017 09:46 am
turns have been coming in the 9:50-110:10 AM time frame and could happen again today and especially if unable to get through 64.50 and hold at or above 63.50 on a dip

05 Jan 2017 09:47 am
I will meet you online around 10:20--10:30. Backing away from 64.50 at the moment and could be a top if 63 area broken and not turned right back up

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


05 Jan 2017 12:03 pm
the ES topped just after 10:10 AM and after breaking down to 56.58 bounce back to 59.50 prior support turned resistance and went down to the 55-54 major area for today

05 Jan 2017 12:04 pm
so far bounces have been feeble at best, and now the ES will need to take out 57-57.50 and not turned right back down in order to attempt turning trend

05 Jan 2017 12:08 pm
a bounce back to the 57.25 updated resistance in the live update session was rejected and this stays in a choppy trend down mode and last broken/held

05 Jan 2017 12:10 pm
if the ES goes back down through 55--54 that it could go down to test the 48.58 area and that is as far as this should go or else a chance of unwinding further and heading back toward through 43-42 major

05 Jan 2017 01:00 pm
a quick note, the ES took out 57.25 and then held 56.75 with a small dip bought up to 59.25 new pivotal resistance area, along with the 60 EMA on the 5 minute chart (day session only) should be key to get over and hold,, or else another like down o

05 Jan 2017 01:12 pm
the ES will need to continue holding over 59.58-58.50 area on a dip for this to have a chance of getting back to the 61-62 area

05 Jan 2017 01:21 pm
61 area was early low and then a breakdown area and is now a 50% retracement from yesterdays high to today's low, and should top out at or below 61-62 area if headed back to test or break today's low at 54 support

05 Jan 2017 01:24 pm
headed to the 61-62 area unless 5-58.50 area broken to turn things back down

05 Jan 2017 01:24 pm
headed to the 61-62 area unless 5-58.50 area broken to turn things back down

05 Jan 2017 01:27 pm
last night my internal gauges were all just a tiny tiny bit away from their overbought extremes thresholds except for the RBI oscillator wwhich was stretched and 10 sell territory, bounces should fail and this should be a bounce high

05 Jan 2017 01:31 pm
61 was a missed by 1 tick and the holding under 61-62 heaps pressure on for another decent pullback,, and unless broken above and held is vulnerable. Taking out 58 and not turning back up tto get downside going

05 Jan 2017 01:34 pm
pullbacks have been 2.25 and 2.00 points off of the low at support and going down through 58.50 should also contribute to further downside even if a bounce after

05 Jan 2017 01:37 pm
another 2.25 point pullback turning up from 58.50 and that 59.50-58.50 zone has been pivotal today and must get back above and hold if there's going to be a turnaround today and not late breakdown which is less likely

05 Jan 2017 01:39 pm
we had the normal early selling and decent pullback but at support,, and after giving to 57.25 new resistance at turned up again from 55 (55-54) and since then

05 Jan 2017 01:40 pm
has been grinding higher and taking out old support and turning into new resistance – so 58.58 area must told or else another bounce also fails and breakdown again possible

05 Jan 2017 01:47 pm
FYI, this morning in the live session I suggested taking profits after the ES had come up from 55-54 target we had. If you still have a position on, have a stop around 62 at the highest now. Would be just a tiny profit and should break to or thro

05 Jan 2017 01:51 pm
can break down to or through the 58.50-57.50 which is needed for a breakdown to test 55-54 major area again or lower

05 Jan 2017 02:00 pm
the Dow has gone flat and the ES is in a little triangle pattern, and should be a break soon.. Has to get to or through 61-62 in order to be top of trouble. The VIX all over the place today and turning bullish

05 Jan 2017 02:02 pm
this move could get to 61--62 area and if rejected then another decent pullback possible. If broken through, and no more than 2 point Pullback, no reversal unless that happens

05 Jan 2017 02:07 pm
61.25 bounce high so far is at the 61-62 resistance zone and needs to get above that and hold or else still could take out 58.50 area causing a breakdown of some sort

05 Jan 2017 02:08 pm
use that as a cell zone if reached again as the 61-62 area should not be broken through/held if going to have another leg down of some sort and possibly break 58.50 for a reversal

05 Jan 2017 02:17 pm
the ES just reached 62 and should hold over 60 area now in order to keep this move going and not end up reversing

05 Jan 2017 02:20 pm
with that rejection of 62.25, the ES needs to hold around 62.50-61.50 at the very lowest and turned up again or else could begin to break upside symmetry and current uptrend also

05 Jan 2017 02:30 pm
given almost across-the-board extremes on my own homemade internal indicators (STILL working since the late 1980s), this bounce should have trouble taking out the 61--62 area and holding

05 Jan 2017 02:34 pm
and have been down for the day except for the MUCH stronger NASDAQ today and we have already had a decent pullback hold at a major support, but hholding gains not easy in overbought market. Should state under 61-62 and selloff

05 Jan 2017 02:36 pm
a move back down below 59.50-58.50 should put more pressure on and any bounce after should be sold also

05 Jan 2017 02:42 pm
the VIX is still down for the day, and normally a bullish indication – except that there is no fear of a decent pullback, let alone something like 20-40 point drop instead of 13+ point drop to today's low.. Will depend on breaking 59.50-558.50 and

05 Jan 2017 02:53 pm
22:20 PM top and turned from 62.25 (662.50 prior support, 61--62 updated resistance) and now must bounce off of 59.50-58.50 zone was some gusto which was just touched about a minute ago or breakdown through support a set of bouncing

05 Jan 2017 02:57 pm
bouncing off of 59.25 ssupport, but not with much gusto and needs to somehow get through the 62.50-63.50 area or else a chance of breaking down

05 Jan 2017 03:02 pm
Spike down to 59.00 new support immediately turned up at 3 PM, and 49.5-48.50 is going to be important support to hold at the end of the day to keep the market from any kind of breakdown

05 Jan 2017 03:16 pm
this could make a move up to the 62.50-63.50 zone which was support and a breakdown area earlier in the morning. Should have trouble holding is reached

05 Jan 2017 03:27 pm
this has a chance to go through the 62.50-63.50 area with this 3 PM reversal back up from support, but if reached it should have a hard time holding – but if it is, then spread higher on short covering

05 Jan 2017 03:37 pm
the ES made it to the 62.50-63.50 area where the ES broke down and held on the way down this morning. Need to have small pullback hold hhold well above 59 last hour low on drop from that zone

05 Jan 2017 03:37 pm
hhave a great rest of your day. I'll catch you tomorrow before the open. Take care!

 

INTRADAY LOG FOR WEDNESDAY - JANUARY 4, 2017

04 Jan 2017 09:00 am
Good morning. this will not be a gap up open however the action is a bit like coming into yesterday's open with the ES steady overnight rally.

04 Jan 2017 09:04 am
there should be a bit more downside, but as long as the ES does not break 55-54 that it avoids trouble. a move back under 55-54 that holds puts pressure back on.

04 Jan 2017 09:08 am
we get the Fed minutes today at 2 PM which should be a market mover I would think. in any case, if the Dow is going to get to 20,000 then the ES needs to get to around 64.50 or a bit higher

04 Jan 2017 09:11 am
58.50-59.50 was tested and sold once now on Globex here around 8:30 and probably won't be broken and held early but be a top instead

04 Jan 2017 09:27 am
needs to get over 57 at least and stick to run up to 58.50-59.50 resistance and set of going down towards 55-54 what should be key early it looks

04 Jan 2017 09:33 am
pullback will be bought at or above 58-57 at the lowest if running up to or through 64.58 area

04 Jan 2017 09:37 am
63.75 just under the 64-65 resistance and should be a high for a while at least especially if this comes back down below 60

04 Jan 2017 09:39 am
bounce off of 60 was sold into and should stay under pressure holding under 61.50-62

04 Jan 2017 09:41 am
58-57 needs to hold and run up and take out the high or else come back down to test or break 56 low at the open or lower

04 Jan 2017 09:43 am
59.50 pullback low, so need to go under 60 and not turn right back up again, or get above 61.50-62 and hold up there to run up to a token higher high

04 Jan 2017 09:44 am
backing away from 61.50-62 zone but would need to break 61 and not turned right back up for a move down to 56 may be lower

04 Jan 2017 09:45 am
61.50-62 would be pivotal it appears. I will meet you online a little before 10:30

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


04 Jan 2017 12:04 pm
after running up to 63.75 and 1 tick below 4-65 the ES pulled back to 57.50 and quickly turned up and then held 59 on a dip to keep this in trend up mode to 64-65 again

04 Jan 2017 12:05 pm
as long as 63 area holds uptrend will stay intact for now

04 Jan 2017 12:09 pm
if this keeps pushing through 65 then the 64-63.50 area would be new support to hold to keep uptrend in tact and avoid potential reversal

04 Jan 2017 12:12 pm
54.75 high so far at resistance and needs to be a pullback more than just 1.75 points in order to break stairstep higher pattern and turned things, could begin from here. It's going to before Fed minutes

04 Jan 2017 12:13 pm
I will update again around 1:15 PM,, sooner only if I happen to be free and there is something that is to be said

04 Jan 2017 12:18 pm
with this rolling over from support, a move under 63 would break upside symmetry and could start more than just a small pullback and could go back to or through 60.50 which should be key area before 59 which would be pivotal it reached/broken toda

04 Jan 2017 12:21 pm
you might consider some put options for a short position and the use the futures to trade around that or any other short position like in and ETF or the put options. put on 1/2 now and wait until Fed minutes for the rest

04 Jan 2017 12:28 pm
should not take out the high now at resistance, and also needs to break 63 and not turned right back up, do you have a high end at resistance and go lower before the Fed Release. I'll be back around 1:15 or a little after

04 Jan 2017 01:14 pm
that ES has pulled back 2.25 points from its 64.75 high at 64-65 resistance, but needs to take out that 62.50 pullback low and then hold under 63.50 after that to get anything mmore than this going on the downside

04 Jan 2017 01:24 pm
with a high at 64-65 resistance and not able to have much of a bounce from 62.50, this could go down to the 60.58 area if a breakdown under 62.50 area before the fed minutes are released and 35 minutes..

04 Jan 2017 01:32 pm
as long as 62.50 is not taken out and start a small breakdown towards 60.50 area, it could make one more move up to a test or or make a token higher high before Fed minutes.instead

04 Jan 2017 01:38 pm
I would think that any new buying would not comment and tell after the fed minutes have been released. Might just attend on how many shorts are left and the one thing to cover before 2 PM. Would favor some pullback

04 Jan 2017 01:45 pm
aside from turning down from a resistance zone, market has acted pretty well as the ES seems to have an underlying bid and being held up on all of the bishops so far. If that does away, there could be a quick move to the downside and then probably an

04 Jan 2017 01:49 pm
unless there is a move above 65 resistance and new high, or break under 62.50 pullback low, I will wait until after the Fed minutes have been released before updating again

04 Jan 2017 01:50 pm
after the fed minutes are released, even if there is a decent drop we should see the market come right back up again. The market has been holding together since turning up from 57.50 at 10:25 AM

04 Jan 2017 02:01 pm
64-65 still will need to be taken out and able to hold in order to get a decent run up towards 69.50 possibly, and could test Dow 20,000.. however, holding under keeps pressure on and could undergo decent sized pullback more than just 2.25 point

04 Jan 2017 02:05 pm
right now the market does not want to go up much and should be a decent pullback starting soon

04 Jan 2017 02:06 pm
it also hasn't gone down much either, so although it looks like buyers are backing away around the high at resistance, they should come in after a decent pullback and bounced back up again later in the day

04 Jan 2017 02:14 pm
62.50 continue to hold and just took out 64-65 area and should be bought on a small pullback or else just keep going towards 69.50 today or tomorrow morning

04 Jan 2017 02:15 pm
quick pullback can happen but then get bid back up again unless they go back under 64-63 and then hold under 64 after that

04 Jan 2017 02:24 pm
the 1/2 short position was stopped out at 65.54 a small loss, and will wait until tomorrow or later today until swing trade short. mmaybe later on a retest of high,, could not stick

04 Jan 2017 02:27 pm
My internal gauges should be at or close to across-the-board extremes on the upside strong internals today. But should try to get 3 days of rally and maybe test Dow 20,000

04 Jan 2017 02:29 pm
in any case pullback so far held 63.75. It is the 62.50 level that held all afternoon before this run up,, and should not go back to work through that level or reversal day

04 Jan 2017 02:38 pm
63.75 pullback low was in the middle of the prior trading range, and should hold above that and especially 62.50 in order to keep the market and an uptrend and not reverse late in the day

04 Jan 2017 02:47 pm
topping action with a 123 top and now it must bounce from above 62.54 ulcer could be a decent sized pullback from up here instead of another bounce from above 62.50

04 Jan 2017 02:48 pm
63.50--62.50 zone should be defended or else breaking down and could go to 60.50 at a minimum

04 Jan 2017 02:52 pm
the VIX was at an extreme on the upside 2 days ago and already to an extreme on the downside reaching 11.63 before turning up. That along with my internal gauges at across-the-board overbought extremes, market should have hard time going higher

04 Jan 2017 02:54 pm
and even if they do, then the bounce should have trouble holding due to these conditions and sell signals on the VIX

04 Jan 2017 02:58 pm
when we have overbought extremes at an important resistance,, should set up for a good pullback again.. We had a 41.50 point pullback end last Friday could get something similar t to a 20 point down day like we had to yesterdays 39.50 low

04 Jan 2017 03:02 pm
another pullback to the middle of the prior trading range and above 62.50 by 1 point, and now needs to take out 66.75 and keep going to or through 69.50

04 Jan 2017 03:05 pm
otherwise this could be yet another lower high on this bounce and another bigger picture 123 type of top could be made by reversal from a little bit under 69.50

04 Jan 2017 03:07 pm
the Dow came within 48 points of 20,000 at its high and if the market can close up here it may have a shot of being reached sometime tomorrow, and if there is no acceleration higher, but reverse lower instead, then sizable pullback.

04 Jan 2017 03:12 pm
the ES has not like it above the 66 level for very long today and must get above and hold or else could come back down to or through key area 63.50-62.50

04 Jan 2017 03:15 pm
holding under 66 could put some pressure on the test for break 63.50--662.50 area, need to go under 65 area in order to begin breakdown attempt from up here

04 Jan 2017 03:20 pm
the ES is still struggling to get above 66 and hold and unless it does there could be a break below 63.50-62.50 before the day is done

04 Jan 2017 03:22 pm
this is going to leave a bearish pattern if the ES goes back below 62.50 and closes under that level. You might consider entering 1/2 position on the short side again, and look to add tomorrow

04 Jan 2017 03:27 pm
64.25 pullback low holding above 63.50-62.50 still, so another run up still needs to get above 66 and hold instead of a quick turn back down for a late day run up.. The NQ much more tradable and having topped just above 4940, must hold 4934 and ES

04 Jan 2017 03:28 pm
the NQ has well-defined 123 top, so breaking under 4934.50 it could go to 4928.50 where it would need to hold or likely has topped out

04 Jan 2017 03:32 pm
in the last 30 minutes, there needs to be a move over 66 that can hold to get some short covering and buying to come in again. Potential for breakdown otherwise

04 Jan 2017 03:34 pm
you might want to keep your eye on the NQ instead, and the levels listed above, as that has been more tradable and should continue at the end of the day

04 Jan 2017 03:35 pm
have a great rest of your day! Be sure to check out tonight's update, then I will catch you tomorrow before the open. Take care!

04 Jan 2017 03:40 pm
the NQ turned up from just above a support and the ES took out 66 after holding 63.50, and should continue a push higher as long as 63.50-62.50 holds. Take care!

 

INTRADAY LOG FOR TUESDAY - JANUARY 3, 2017

03 Jan 2017 09:08 am
Good morning! The ES has had a steady move higher a little bit after the open on Globex and the market averages are all going to have gap up opens. they should not hold.

03 Jan 2017 09:10 am
but a decent pullback will be bought and should at least go down to 49.50 and fill the gap

03 Jan 2017 09:17 am
gap days can be trend days but probably not today unless break and hold under 49 area. resistance at 54-55 would be a strong area and not able to get thru that and hold

03 Jan 2017 09:35 am
49.50 was touched and turned up and could bounce a bit further but hhave trouble getting through 54-55 and holding if it is reached

03 Jan 2017 09:38 am
54--55 zone rejected but only king get through their if 51.50-51 is quickly turned back up or else head back down to or through 49.50 area key support

03 Jan 2017 09:40 am
if there is going to be a trend day it would be to the downside. Would need to hold under 49.50-550.50 and go down to//through 43-44

03 Jan 2017 09:43 am
ES needs to get over 51 and hold 49 on a dip in turn up again for an attempt at the high, otherwise work down towards 44--43 possible

03 Jan 2017 09:43 am
I will meet you online at 10:30

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


03 Jan 2017 11:50 am
after topping out in reversing at 10:10 AM the ES sold off to 44 prior support turned resistance and then after a feeble bounce turned down from 48.50 the ES reached 39.50 so far, and

03 Jan 2017 11:52 am
the bounce from 39.50 is just 2 ticks above the 39-38 zone which is that's he area and then 36.25 Friday close.. Needs to be a move over 43.50-44.50

03 Jan 2017 11:53 am
and then only a small pullback after that to the attempt going back up towards 47.50-48.50 which is a new key/pivotal resistance area now

03 Jan 2017 11:58 am
so for 43.50 is the bounce high and unless there is a break and hold above 43.50--44.50 area this would continue to be a trend down day. Might stay that way even unless 47.50-48.50 taken out/held also and gets above 50.50 again

03 Jan 2017 12:06 pm
so far this morning there was a 20 point drop on the ES and this bounce back to 44.75 was just turned down so far and unless the ES gets over 45 and holds at a minimum, more so 49.50, it will be bearish and trend down day intact

03 Jan 2017 12:13 pm
41.75 level held twice so far and if broken then could retest or break the low at 39.50 (39-38 support). Needs to get above 45 and hold on a small pullback after that for a try for 49.50-50.50 but maybe lower

03 Jan 2017 12:14 pm
I will be back to update at around 1:15--11:20 PM, sooner only if possible and necessary.. With bounces failing today,, would continue looking for shorts unless 50.50 broken/held

03 Jan 2017 12:16 pm
would only look for buying opportunity if a test of 39-38 lower low is reversed, or a plunge down towards 33 is reversed. But 20 point range so far and should be hard to hold gains

03 Jan 2017 01:10 pm
quick update with the ES bouncing from 39.75 token higher low back to 43.25 and backing away and unless 43.50-44.50 broken/held the ES still and trend down mode and could past/break 39-38 or lower

03 Jan 2017 01:23 pm
the ES is going back up to the 43.50-44.50 area and should push through after a small pullback if there is one and try for the 49.50-50.50 resistance area to attempt a bigger move back up

03 Jan 2017 01:33 pm
a small pullback or and needs to hold 43.25-43 if it's going to go up through 44.50 and attempt a higher hopefully was some gusto

03 Jan 2017 01:39 pm
both a double bottom on the ES and the NQ,, however the ES has not been able to get above 44.75 since noon, and unles 44.58 area broken above and that either gets momentum or holds after small dip. Still bearish under that

03 Jan 2017 01:40 pm
and another move down to the 39.50 on the ES and 4881 on the NQ can cause a beggar breakdown that goes towards 33 which would be a major area today

03 Jan 2017 01:42 pm
this still is basically a trend down day with some sideways action along the way, and heading down below 39.50 just opens the door for a move to the next zones below either late today or early tomorrow as long as 44.75 not broken

03 Jan 2017 01:48 pm
well so far this pullback held at 40.75 where the ES turned up from at around 1:10 but it's going to be broken if this bounce fails to clear 44-44.50 and hold

03 Jan 2017 01:51 pm
if a bounce again from 9.58 area it will need to be what some gusto and eventually get back above 44.50-45 area and holds up there

03 Jan 2017 01:53 pm
with this low being a slightly higher low, and the Dow cash also making a higher low, that 40 level must told or else go right through 39.50 double bottom

03 Jan 2017 01:58 pm
41.75 sold on the bounce and there should not be much more of a bounce to go down to your true 39.50 double bottom. Right now would need to get over 42 and then 44.58 area or still vulnerable

03 Jan 2017 02:02 pm
with the ES 20 points off of its high buyers are coming in on all of the pullbacks to the 40-39.50 area but not able to run it up very far so far before selling,, can bounce

03 Jan 2017 02:03 pm
bbut still needs to get over 44.50-45 area and then only have a small pullback after that you make a try for the 48.50-50.00 area, major area to get over this afternoon

03 Jan 2017 02:09 pm
looks like 441 needs to hold for a chance of a move up to 44.50-45 iinstead of going back down to or through 39.50 double bottom

03 Jan 2017 02:11 pm
sshould be bought at or above 41.50 with a stop just under 41 in case of a breakdown for a moved up to 44-45 area

03 Jan 2017 02:17 pm
the ES is creeping higher and needs to have an up strength to get through the 44-45 areaand not turn right back down

03 Jan 2017 02:18 pm
buyers should come in at 42 at the lowest on a dip or else yet another failed bounced attempt that could go back to 40-39.50 triple bottom. Quadruple bottoms not normal

03 Jan 2017 02:23 pm
43.75 sold and take out 44.50-45 or go back to war through 40-39.50 which has been tested 3 times already

03 Jan 2017 02:28 pm
41.75 of this low range and must hold there or go to war throughthe low area iinstead of an attempt to pop-up to or through 44.50-445 area

03 Jan 2017 02:29 pm
the NQ has been lows at 4881.50-4881.00 and a break and hold under that area on the NQ could help put pressure on the ES also

03 Jan 2017 02:32 pm
4881.50 pullback low on the NQ so far,, that is 4 times testing 4881.50-44881.00 so must hold that zone on the NQ along with 40-39.50 on the ES or else bigger breakdown in the afternoon possible

03 Jan 2017 02:42 pm
the NQ made its fourth low at 2881.00 and turned up, while the ES made another slightly higher low and turned up from 40.75. Those close need to hold to get a bounce going

03 Jan 2017 02:45 pm
should have low for the day in place with the double bottom at 39.50 and retest at 40.00 and now at 40.75, so that 44.75 and 4881 on the NQ needs held or else new low and said of rebound back above 44-45 area

03 Jan 2017 02:46 pm
cannot really say that a low is in place unless the ES can get back above 44-45 area and hold up there after breaking through

03 Jan 2017 02:53 pm
the ES turned up at 2:30 PM from the bottom of the range and should breakthrough now around 3 PM if there's going to be a move over 44-45 that can stick, instead of what could be another failure at top of this range

03 Jan 2017 02:57 pm
a move over 44.50--45 that can stick is needed in order to get a late run up instead of another pullback that could be shallow and run up again,, or break under 42.50 and head south again instead

03 Jan 2017 03:03 pm
3 PM breakout and now should hold around 44-43 on a bit and turned up in order to keep this rally going to war through 49-50 area possibly

03 Jan 2017 03:09 pm
the upside is losing a little bit of momentum and will need to hold 44.50-44 area on a dip and turned up or else have a bigger pullback for a bounce into the close possibly

03 Jan 2017 03:12 pm
there should be another turning point around 3:20 PM to be aware of. So needs to hold 44.50--44 prior resistance and last trapped shorts around there aand needs to hold

03 Jan 2017 03:16 pm
the ES has been able to hold 45.25 but if that is broken by much especially around 3:20 then there could be another push lower coming before any sort of bounce attempt might happen again

03 Jan 2017 03:21 pm
yet again unable to hold its gains and needs to turn up from this 45-44 area or else it would open the door for a move back down towards the close of the day

03 Jan 2017 03:27 pm
not looking good with aa drop to 42.50 so far, but if it doesn't go any further than 42.50 than a chance of a late moves higher again test or break that 46.50

03 Jan 2017 03:29 pm
if 42.50 is broken instead then look for late day drop down to test or break flow area. but should hold 42.50 the way it is looking at the moment

03 Jan 2017 03:30 pm
with 30 minutes left in stock trading for today, the ES needs to take out 46.50 and not turned right back down otherwise a late day pullback instead and could test for break the low before bouncing again

03 Jan 2017 03:31 pm
that is how it looks at the moment with bounces still not able to stick. So have a great rest of your day. I'll update you tonight and then again before the open in the morning. Until then, short bounces and take care!

 

INTRADAY LOG FOR THURSDAY - DECEMBER 29, 2016

29 Dec 2016 09:01 am
Good morning. per last night's update early strength should be sold and then a pullback needs to hold 43 area to avoid some trouble. Would need to break/hold 49.50-50.50

29 Dec 2016 09:01 am
Good morning. per last night's update early strength should be sold and then a pullback needs to hold 43 area to avoid some trouble. Would need to break/hold 49.50-50.50

29 Dec 2016 09:08 am
if the ES goes to the 43 area again, it will probably go through it to around 39.50-38.50 area. If that happens then 43 would need broken and held to turn around

29 Dec 2016 09:17 am
with the ES holding right at 43 area yesterday, that will need to hold and get back above 53.50-54.50 at a minimum or else this is going to be like 1990

29 Dec 2016 09:19 am
with the Dow missing 3000 by 1 point then selling off quite a bit not getting back to 3004 1 year. I will update the little bit after the open and then meet you online around 10:20-10:30

29 Dec 2016 09:26 am
bounces failing already and would need to at least take out 47.50 and stick. A 4 point bounce from yesterdays low is 47.50 and would keep strong downside symmetry intact

29 Dec 2016 09:29 am
should keep pushing lower

29 Dec 2016 09:30 am
buyers on the open and 47.58 area important early

29 Dec 2016 09:34 am
49.50-50.50 still needs to be cleared and held for the ES to begin getting out of its trouble from yesterday or else could go back to low area if not did up after small pullback

29 Dec 2016 09:38 am
backing away from 49.50 and 47.50 must hold to avoid potential break lower

29 Dec 2016 09:42 am
aa good offer so far at 50 area and unless 50.50 broken and holds 49.58 to come back down to or through 48-47 and if no quick bounce then potential top in place

29 Dec 2016 09:45 am
sold from 49.50--50.50 key area early 247.50 so far. bearish under resistance. there can be a turn in the 9:50-10:10 AM time frame to be aware of. Meet you online around 10:20-10:30

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


29 Dec 2016 12:01 pm
after running up to 50 initial resistance and turning down the ES finally broke through 43.50 and now needs to get back above 44 and hold 43.50 in order to attempt a turn around and said of

29 Dec 2016 12:02 pm
going down towards 40-39 area or lower this afternoon

29 Dec 2016 12:03 pm
a decent bounce will need to get above 45 area and hold after getting through 43.50, as that prior early low turned into good resistance after broken

29 Dec 2016 12:09 pm
40-38.50 area will need to hold or else there could be a better break down to the 33-32 area which is a major area to hold after breaking the 43 major support and holding

29 Dec 2016 12:16 pm
39.50 target/supportw as just reached and now needs to get above 41-42 area and that turned right back down to try breaking that's above 43.50 area and that Breaking downside trend/momentum for a bit

29 Dec 2016 12:23 pm
so far the ES bounced 3 points from the 39.50 low at support,but needs to get back above 43.50 at a minimum and 45 especially in order to get turned back up

29 Dec 2016 12:24 pm
I will be away until around 1:15-1:20 PM this afternoon and will update at that time,, sooner only if I happen to be free

29 Dec 2016 12:52 pm
quick note: with the low at 39.50 support and getting back above 43.50 and holding has turned this into retracement mode and should work a bit higher as long as a pullback holds above 42

29 Dec 2016 01:01 pm
turned down from 44.50, and it is the 45 level that needs to be broken through and then hold 44-43.50 on a dip and turned up again

29 Dec 2016 01:21 pm
the ES dropped from the 44.50 bounce high down to 42 and stalled and now needs to go up through 44.50-45 with gusto, not another wimpy bounce, to get out of potential breakdown

29 Dec 2016 01:25 pm
the 42 level is being defended and unless that is taken out then the ES could get back above 43 again and that would give it a shot at the 45 key area IF broken and was some gusto this time

29 Dec 2016 01:31 pm
market is going to drift lower with the NQ continuing its move lower off of its bounce high

29 Dec 2016 01:32 pm
the NQ could be the easier short, but ES will stay under pressure as long as it continues holding under 43 prior support

29 Dec 2016 01:41 pm
if there is not a bounce back above 42 area that can hold, the ES should continue working towards its low for the day – 40.50 level anyhow

29 Dec 2016 01:48 pm
4901.25 is the low for the day on the NQ, and so far bouncing from above that level and the ES turned up from 40.75, so if no bounce Mike there should be, this will go to 39.50-38.50 or lower before bouncing

29 Dec 2016 01:51 pm
this upturn from 1 tick above 40.50 will need to keep going and take up 43 to have a low-end down here

29 Dec 2016 02:01 pm
it looks like the ES is finally turning the corner and pullbacks are going to be bought with a good low in place for now

29 Dec 2016 02:09 pm
the ES got momentum once it went uup through 43 and should hold around that level on a pullback now and turned back up for this to try for the 46.50-47.50 area if one more decent push higher before pullback again.

29 Dec 2016 02:11 pm
ttopping out under 46.50-47.50 and turning back down could mean a move back down to and possibly through 43

29 Dec 2016 02:21 pm
the ES is trying to push higher and should pass or break 46.50-47.50 on this move or else come back down to or through 44.25 last pullback low

29 Dec 2016 02:25 pm
the push higher only reached 46.25 and turned down and now must told 44.25 or go down to 43 or lower as it could be another breakdown if taken out and held again

29 Dec 2016 02:34 pm
with the failure just under 46.50 and coming down under 44.25 prior swing low opens the door for a move through 43 which is beginning to turn pivotal and go towards the low if broken//held

29 Dec 2016 02:38 pm
42.75 pullback low so far 1 tick under 43, and should go down through that and then hold under 43 if going to test for break 40.75 and possibly 39.50-38.50, without though

29 Dec 2016 02:45 pm
that 42.75 level was quickly turned up again, and as long as that is not broken the market will avoid weight day selling and if 44.50 broken//held the move could reach 46.50--47.50

29 Dec 2016 02:46 pm
if the ES cannot take out 44.50 and hold, then a pullback will need to hold the 43 level again in order to avoid that late day selling instead

29 Dec 2016 02:50 pm
we have had two-sided action again today with the early high at 50.00 (49.50-550.50 initial resistance) and a low at 39.50 (39.50-38.50 potential reversal area). Appears that bounces will still fail, must stay above 42.75

29 Dec 2016 02:52 pm
bounces have had a hard time holding today, and the decent size pullbacks bought. expect that same kind of action at the end of the day, as a pop-up/run up should be sold and decent crop bought again

29 Dec 2016 02:53 pm
update and about 10 minutes

29 Dec 2016 03:05 pm
the ES is having trouble getting through 45 and staying up there so unless the ES can get above 45 and stay up there, it's headed to take out 43

29 Dec 2016 03:07 pm
if 43 does not hold and give a bounce then this could go down to 41.00 area and then must quickly turn back up

29 Dec 2016 03:15 pm
the ES needs to stay above 43 in order to stay out of trouble in the last 45 minutes, although should not be able to hold gains after a bounce. So needs to be good bounce or 43 could be broken

29 Dec 2016 03:22 pm
needs to push through 45 and stick on this move if it's going to hold off and tried to move higher into the close instead of a failure again

29 Dec 2016 03:33 pm
the ES is holding above 43 and almost to the 45 level where it needs to push through and and then hold around 44 were keep pushing higher to keep late day bounce from failing and possible breakdown end of day

29 Dec 2016 03:36 pm
ES just cannot get over 45 since 2:45 PM on 5 different attempts and unless that is taken out/held then this could fade lower and could potentially break 43/hold, which would put more pressure on instead

29 Dec 2016 03:36 pm
it looks like the market to sell bounces at the end of the day at or below 45 with a tight stop above that as it should not be broken to keep pressure on

29 Dec 2016 03:37 pm
have a great rest of your day! I will catch you tomorrow morning.. Take care!

 

INTRADAY LOG FOR WEDNESDAY - DECEMBER 28, 2016

28 Dec 2016 09:06 am
Good morning. it looks like there is a chance that the Dow could finally get to 20,000 or at least have a fighting chance. IF the ES can get through 66.50--67.50 then

28 Dec 2016 09:09 am
then hold 66 area on a dip and turned up again and continue on up and reach the 73.00 day session all-time high. If this early strength gets sold into instead

28 Dec 2016 09:10 am
am breaks 66 then probably needs to hold 64 or else decent reversal again.

28 Dec 2016 09:13 am
really no change from last night's update, so I'm kind of repeating myself. the Dow has been "knock knock knocking on heavens door" and

28 Dec 2016 09:15 am
yet another failure and decent selloff is going to leave the market in poor shape.

28 Dec 2016 09:20 am
there is a chance that I won't be able to update after the open. If you don't hear from me then I will just meet you online at 10:30.

28 Dec 2016 09:26 am
should be buyers backing away early and probably a bit more downside than upside in the early going

28 Dec 2016 09:28 am
4976-4978 resistance area on the NQ also needs cleared and held

28 Dec 2016 09:34 am
backed away from 67 so far and needs to hold 65 or else could be better pullback and not another run up to four through 67-67.50

28 Dec 2016 09:36 am
one last thing, with the Dow backing away from 19,981 it looks like the ES would need to test 69.50 again to get the Dow up to the 20,000 level. Holding under that is another failure up here

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


28 Dec 2016 11:53 am
the ES opened at 2267.00 resistance and immediately turned down and is the high of the day and it dropped down to make a double bottom aat 54.50 support and so far

28 Dec 2016 11:55 am
only a feeble bounce back to the 57.50-58.50 prior support turned resistance (per last night's update and if the 55.50 breaks double bottom should break

28 Dec 2016 11:58 am
trend in momentum favor bears today due to yesterdays price action reversal day and today dropping from the open at resistance. Bounces should continue failing, toying with Dow 20,000 just like 1990 so far.

28 Dec 2016 12:02 pm
far from ideal entry on this but Consider shorts for a swing trade if a decent bounce that reaches and stops around 60.50-62 at the highest today. likely not see that area though,

28 Dec 2016 12:03 pm
and 1/2 entry on bounce around 55-56 may be good idea to start. Should not go over 58.50 and hold the way it looks now, and 50-49 major must hold or better breakdown

28 Dec 2016 12:26 pm
the ES has taken out all of the support except for 49, and a hold under the 50-49.50 support that was given should be a key area to get above and hold or else trend down//breakdown continues towards 43 big time area

28 Dec 2016 12:30 pm
bbounce resistance is at the 52.50-53.50 area and would need to get back above that area at a minimum to attempt breaking dynamic resistance on charts along with symmetry and could interrupt trend down day

28 Dec 2016 12:35 pm
this can continue down to or through the 44-43 area so stay short or get short as that would be a bigger picture breakdown if it is taken out today also

28 Dec 2016 12:38 pm
the ES should stay under the 52--53 area and not turned right back down to get down there today. I will update and about 30 minutes if possible

28 Dec 2016 12:59 pm
the ES will need to at least get back above 49.50-50.50 and hold,

28 Dec 2016 01:11 pm
if there is a move that can get above 49.50-50.50 and then it can hold on a dip,then this could get turned around for a while.. Otherwise, a failure to do that will just be another failed bounce

28 Dec 2016 01:14 pm
I will update again around 1:20 PM.. Watch that zone above for another turned down or potential turns to the upside for a bit

28 Dec 2016 01:40 pm
so far the ES has been bumping up against 49.50 and backing away, and unless broken through soon and held, there will be another leg down instead of better bounce/retracement

28 Dec 2016 01:42 pm
the Dow, which has been the most watched index, is also going sideways and needs to get above 19,880 area to avoid another push lower from where it is currently

28 Dec 2016 01:47 pm
this like down now should test or break the 46.50 low and if that is broken through then there is a cluster of numbers at 43 aside from just a sewing low

28 Dec 2016 01:51 pm
only 2 bounces today, a 3.75 point feeble bounce from 54.50 support to 58.25 new resistance, and a 3.00 point feeble bounce from 46.50 up to 49.50. This needs to be a low and take out

28 Dec 2016 01:52 pm
take out 49.50-50.50 and hold in order to change the downside dynamics and trend down type of action

28 Dec 2016 02:01 pm
could be a low, but if ttriple bottom at 46.50-46.25 broken,, should go to 43.50-43 major area. pric low and projection/symmetry on day session hourly chart

28 Dec 2016 02:07 pm
market is still in a trend down mode dropping 20.75 points from its early high so far, and will need to take out 49.50--50.50 in order to change things still with the 43 area as a target/support/potential breakdown area

28 Dec 2016 02:07 pm
market is still in a trend down mode dropping 20.75 points from its early high so far, and will need to take out 49.50--50.50 in order to change things still with the 43 area as a target/support/potential breakdown area

28 Dec 2016 02:11 pm
yet another failed bounce and another time to the 46.58 area should be able to go through it finally and head towards 43 area

28 Dec 2016 02:12 pm
as long as there is a bounce only 3.00--3.75 points at the very most in order to stay in a trend down mode

28 Dec 2016 02:18 pm
after 6 days in a row with a range of less than 10 points on the ES, the red flag from the VIX yesterday was spot on, with a 21+ point drop from the high on the open so far

28 Dec 2016 02:22 pm
wimpy bbounce attempt from 44.75 so far, so if 43 is broken right through, then 39.50-38.50 would be next

28 Dec 2016 02:29 pm
44.50 is the low so far and the 44-43 zone is the major support zone down here. There needs to be a above 43.25 in order to attempt a turn around.. That would 3.75 point bounce wwhich was biggest of the day, and 48.25 also last Little swing high

28 Dec 2016 02:32 pm
2:20-2:40 PM time frame is when turns often occur, so if this is not going to be a trend down mode into the close, then 44.50 (2 ticks above major area) needs held and 49.50-50.50 broken

28 Dec 2016 02:38 pm
48.50 at a minimum needs to be broken through on this move that started by turning up at 2:25 PM..more important is getting over 49.50-50.50 and able to hold.

28 Dec 2016 02:45 pm
still having a trend down kind of move as long as a bounce holds under 48.50--49.50 area now. Possibility for a double bottom, if not then 43 area should be reached

28 Dec 2016 02:48 pm
a higher low so far on this move down so another move up might have a chance at the 48.50-49.50 area, and needs to get above that and hold in order to break bearish action we have had all day

28 Dec 2016 02:51 pm
sshould be on the way to the 43 area on this move may be lower and 39.50-38.50 if no sign of a turnaround from that area

28 Dec 2016 02:55 pm
44.00 was just touched, but unless there is more than just a 2.75-3.75 point bounce, that trend down should continue.. A move above 49.50 that holds can give us a turn around

28 Dec 2016 03:00 pm
with the ES being down 23 points today, and normally bouncing back even after small pullbacks, that trend down move could be over now, defending 44-43 at least for today. needs to go through 47-48, and also gets above 49.50-50.50 to leave a low in p

28 Dec 2016 03:05 pm
expect any kind of pullback to be bought now, even if a pullback from resistance. A moved back down to 44-43 probably won't happen, unless late in the day somehow

28 Dec 2016 03:10 pm
from 44.00 up to 48.00 is the biggest bounce of the day by 1 tick went ES went from 54.50 support to 58.25 new resistance this morning. Needs to get above and hold 48 or stays in a trend down mode still

28 Dec 2016 03:17 pm
if the ES doesn't get above 48.50 at least, and over 49.50-50.50 more important, then there could be yet another push lower, maybe into the close. However, if broken than low probably in place, for today, instead of continue trend down

28 Dec 2016 03:27 pm
it looks like that in the last 30 minutes the ES days to get over 48 at a minimum and more importantly above 49.50-50.50 in order to avoid another like down that could last into the close.

28 Dec 2016 03:29 pm
IF 49.50-50.50 is broken/held then 53.50-54.50 area would be resistance. So very hard to turn a trend day around..

28 Dec 2016 03:30 pm
43 area still has a good chance. have a good rest of your day. Check out tonight's update and I will meet you here in the morning. Take care!

 

INTRADAY LOG FOR TUESDAY - DECEMBER 27, 2016

27 Dec 2016 09:11 am
Good morning! I hope you had a great holiday weekend. the ES has some resistance at the 62-63 area, and if broken through that should hold as new support. If it doesn't hold 62 then 59-58 is next

27 Dec 2016 09:15 am
if the 62-63 area is broken and holds 60 and turns up through 63 again, then it needs to hold on small debts and turned up to go to 66.50-67.50

27 Dec 2016 09:29 am
looks like early strength can be sold into and there will be a gap to fill at 60.25 on a pullback, would need to hold their or 58.50-57.50 could turn out to be key support if reached

27 Dec 2016 09:35 am
63 broken and should hold 63-62 to avoid early high am pullback towards 60. Could keep going up towards 66.50--67.50 otherwise

27 Dec 2016 09:39 am
the Dow needs to be +57 points for it to reach 20,000 today.if the 63-62 area is reached and not turned right back up then topping out most likely

27 Dec 2016 09:43 am
market will stay bullish unless breaking 63 area and not turning right back up. beware of a turn around 9:50-10:10 AM timeframe if this continues. I will meet you online around 10:30

27 Dec 2016 09:45 am
MUST get through 66.50-67.50 and not turned right back down, and so far 66 is the high so must hold on tiny pullback and keep moving higher

27 Dec 2016 09:52 am
ES pausing and now the ES needs to stay above 66.50 area at worst or else could begin to top out. Otherwise a parabolic moves towards the all-time highs 72.50-73.50 and Dow 20,000

27 Dec 2016 09:52 am
see you online at 10:30

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00 noon
are scheduled for "advanced" intraday service. This is an
included perk in all our regular subscription rates for
Current Paid "Real Time" Subscribers only.


27 Dec 2016 12:04 pm
the ES ran up to the 69.50 high from last week day session high and tried to hold 67.50 as new supports both broke down and now must be a bounce more than 1.50 points that holds

27 Dec 2016 12:05 pm
or else the downside symmetry will stay intact on the way to the 63.50-62.58 area or else lower to the 60.25 level to fill the gap

27 Dec 2016 12:10 pm
tthe ES needs to get over 66-66.50 and not turned right back down again in order to attempt a turnaround and not go down to the 64.50-63.50 target or lower

27 Dec 2016 12:17 pm
64.50-63.50 target area reached but will keep on drifting lower as long as a bounce is no more than 1.50--1.75 points mmaximum

27 Dec 2016 12:24 pm
unless the ES gets back to 66 the ES is going to stay in a slow but steady downtrend and make another lower low and could be headed towards 63-62 and maybe even 60.25, or lower, to fill the gap

27 Dec 2016 12:25 pm
I will be back around 1:20 PM and will update sooner only if I happen to be free and it is necessary at that time..

27 Dec 2016 01:26 pm
the ES came down to the 64.50-63.50 updated target/support and has bounce to the 66.00 level so far aand now needs to go through 66.50 and then told and turned up after a small pullback or else could get another pullback/drop from that 66.50 ar

27 Dec 2016 01:41 pm
with that pullback holding at dynamic support and turning up and now getting back above 66.50 has it in a position where the Dow has a chance to still make a run for 20,000 IF a pullback on the ES holds over 65.25--65 probably at worse

27 Dec 2016 01:45 pm
there is resistance at 67.25-67.75 which was a little bounce high before going down to the 64.50 ppullback low and needs to pulled through on bounce off of 65.75-65.50 lowest

27 Dec 2016 01:54 pm
yet another move to the 66.50 level rejected, and unless the ES gets back above 67.25-67.75 or else risk late day pullback//drop instead attempting the 69.50 double top from last week's day session high on Tuesday, or we that as a high on the chart

27 Dec 2016 02:00 pm
must continue holding 64.50 where the 60 EMA is just above pullback low a 4.25 that needs to hold to keep market from potential break to slice through 63-62 instead

27 Dec 2016 02:03 pm
the bounces should continue to fail as long as the ES is under 66.50 resistance again, should not go back up there and hold at this is going to breakdown in this family traded market today

27 Dec 2016 02:09 pm
64.50 was held just above on the whole back so far, so if this bounce doesn't take out 66.50 than it should come back down to work through 64.50 again and would open the door to go to 63.00-62.00 probably at the most

27 Dec 2016 02:15 pm
a failure to get through 67.25--67.75, and break under 64.75-64.2 , is what could start a breakdown if there's going to be one. On the other side of the coin,, getting through 67.25-7.75 can go to 69.50 again and maybe higher

27 Dec 2016 02:17 pm
right now, no damage done unless the ES goes under 64.75-64.25 and not turning right back up. That should be good support this afternoon keep the market from potential breakdown

27 Dec 2016 02:17 pm
and a chance at 69.50 still possible along with keeping the door open for 20,000 on the Dow cash. Next update and about 10 minutes if needed

27 Dec 2016 02:29 pm
there needs to be a hold over 66.50-66.00 at the lowest right nowto make a breakthrough the 67.25-67.75 area instead of failing and coming back down again

27 Dec 2016 02:41 pm
pulling back from 67.00 resistance area, and now needs to make another higher high paying get through the 67.25-67.75 area and either hold or just have a tiny pullback afterwords to continue upside, and not get reversal up here

27 Dec 2016 02:47 pm
needs to get a moved above 67.25-67.75 pretty soon on this move and be able to hold after a small pullback again and keep going to slice through 69.50 double top at the moment

27 Dec 2016 02:50 pm
right now the ES would need to hold under 67.25-67.75 and breakdown under 65.75 and not turned right back up for this to have a shot of testing 69.50 instead of topping out

27 Dec 2016 02:59 pm
once again the ES is backing away from 67 resistance and needs to go down through 65-64 in order to get a breakdown under the 16 p.m. a and prior support

27 Dec 2016 03:05 pm
if that happens, then 63-62 area must told or else the ES could go down to fill its gap at 60.25. Right now the Dow has 3 highs this afternoon around 19,966 which needs broken above to get ES up to 69.50 or higher

27 Dec 2016 03:15 pm
sideways action between 67 resistance on top and 64.75 pullback low and a breakdown looks much more likely than running up and taking out 2269.50

27 Dec 2016 03:18 pm
so far held 1 tick above 64.75 pullback low at 2:05 PM. aa break under 64.75 not turned right back up should go down to 63-62 area or possibly 60.25 before a decent bounce

27 Dec 2016 03:30 pm
in the last 30 minutes it looks like the ES will need to continue holding 64.75 area and he gets above 66.50-67.00, otherwise late day pullback/drop. 63-62 would be some support, and 60.25 major area in case oof breakdown

27 Dec 2016 03:31 pm
if the ES DOES get above 66.50--67 and not turned right back down, THEN it could avoid late day selling and have a run up of some sort instead.. Late selling more likely, especially NQ

27 Dec 2016 03:33 pm
the ES will stay under pressure as long as it's holding under 66. – – have a great rest of your day! I will catch you here tomorrow morning. Take care!

 


 

TradeStalker.com, Investment Advisory Service, Fort Wayne, IN

 

 


Disclaimer:
The financial markets are risky. Investing is risky. Past performance does not guarantee future performance. The foregoing has been prepared solely for informational purposes and is not a solicitation, or an offer to buy or sell any security. Opinions are based on historical research and data believed reliable, but there is no guarantee that future results will be profitable.

We are not advocating trading futures. The prices and contracts in the TradeStalker's RBI Updates specify a manner in which you could trade. We occasionally mention the SP500 and Nasdaq futures markets because it is extremely liquid and tends to lead the other markets. This is not an endorsement or recommendation of the SP500 and Nasdaq futures markets. The risk of loss in futures is substantial. You can lose more than your original investment. We are not Registered Investment Advisors or Commodity Trading Advisors.


 

 

TRADING ROOM

 

CONTACT US

  

PRIVACY POLICY

 

TESTIMONIALS

 

MORE TESTIMONIALS


 

 

Copyright 2015 TradeStalker.com
and Mike Reed

 

  Increase your website traffic with Attracta.com