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

 

 

INTRADAY LOG FOR THURSDAY - JULY 13, 2017

13 Jul 2017 09:03 am
good morning. I don't think the ES is going to get sold from the get go but should a bit higher up. If short you can cover and look for a reentry into some strength, or have a stop a little over 45.

13 Jul 2017 09:09 am
It should be hard for the market to rally much, and there should be more than a 5 point pullback from the 43.75 high from yesterday or whatever aa higher high is if 43.75 broken

13 Jul 2017 09:12 am
has to go over 44-45 and not reverse in the first 20-40 minutes in order to try to break out and test all-time high – which should be really hard to do with market overbought and sentiment overly bullish

13 Jul 2017 09:14 am
going under 40 without bouncing right back up should should keep going to at least 38.75

13 Jul 2017 09:31 am
need to go under 40 and hold to be breaking down

13 Jul 2017 09:34 am
quick reversal up from 40.50 and just above yesterday's close and also overnight low at 40.25 making 40.50-40 now as a key support area to hold the rest of the morning to avoid breakdown of some sort

13 Jul 2017 09:35 am
has to get over 44 and not turn right back down in order to attempt moving up through 45 towards 47.50 and back away

13 Jul 2017 09:38 am
should keep going up through 45 on the way to 47.58 area as stated earlier

13 Jul 2017 09:40 am
well backed away from 44.75 and will need to hold around 42 or else keep coming back towards 40 area

13 Jul 2017 09:42 am
even if 42 holds and there is another bounce it should not be able to hold and start a pullback of some sort and could be decent sized

13 Jul 2017 09:42 am
I will meet you online around 10:30

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

13 Jul 2017 12:08 pm
the ES dropped down to 39-38.50 new support and reversed during the live session and after running up and making a double top at 45 resistance, it was broken and so far held 44.50 on dip and 44 needs held or else could revisit 42.50--42 which is

13 Jul 2017 12:12 pm
like yesterday the Dow made a token new all time high and could not hold so unless it gets back to the 21,566 on this move and not,, right back down, could be topping.. Right now ES still in an uptrend unless 44.50--44 broken

13 Jul 2017 12:16 pm
almost to the 46 level and this will be headed up to the 47.50 area and maybe higher if this action continues

13 Jul 2017 12:19 pm
token hire high at 66.25 so far with the Dow matching its high.. a pullback should not be more than 2--3 points at the most to keep this bigger uptrend from breaking

13 Jul 2017 12:24 pm
so far 46.25 is the high and another move higher should get it up to the 47.50 area which should be as far as this bounce does or else could head for tests or break above the 51.50--53.50 all-time high area

13 Jul 2017 12:29 pm
so far stopped just 1 point under 47.50 and needs to be just a small pullback it turned back up in order to get up there. A moved back under 44.50 would be too much and maybe a top in place at least for a while

13 Jul 2017 12:32 pm
I will be back around 1:15 and well update if possible before then if I am free and an update is necessary.

13 Jul 2017 12:50 pm
looks like 45-44 is now a new key support. The Dow made a new all time high and rolled over and the ES should have trouble going higher and last the Dow gets turned back up.. A failure up your likely

13 Jul 2017 01:00 pm
there should be a pop-up to the 47.58 area even if it does not hold there very long. If it cannot and breaks under 45--44 than a reversal likely has started and go at least 2-3 points from the high and could be

13 Jul 2017 01:22 pm
still is shopping around with tops at 46.50 and pullback low holding at/above the 45-44 area, but could begin to roll over going sideways much longer given the tops just under the 47.50

13 Jul 2017 01:29 pm
holding right at 45 and turning up, and needs to make a move above the 46.50 tops to the 47.50 area or maybe higher,, or else 3|d day in a row with a trend up move in jeopardy of a breakdown

13 Jul 2017 01:35 pm
the VIX went down to 9.93 and reversed with the first top at 46.50 at 12:25 PM,, reverse up to 10.07 so far and eight jump from that extreme should mean drop on ES

13 Jul 2017 01:41 pm
biggest pullback over the last 3 days was today a 6 point pullback from the 45 resistance to the 39 low of the day, 5 and 4.50 the other largest, lots of 2-3 point pullbacks. should hold 45 but if broken//hold, 42.50 area Key support

13 Jul 2017 01:44 pm
needs to continue holding 45, but also needs to start making a push that goes through the 46.50 highs to th 47.58 area. If that doesn't happen pretty soon then breaking lower becomes more likely

13 Jul 2017 01:46 pm
NQ could begin breaking down further here, just now started

13 Jul 2017 01:47 pm
should take the ES down with it for try to anyway to go under 45-44

13 Jul 2017 01:50 pm
43-42 area support that must hold below, a bounce is a short around the 45-46 area now

13 Jul 2017 01:53 pm
the short in that area with a stop over 46.50 double tops and should be safe as long as the Dow cash continues to back away from its previous all-time high intraday

13 Jul 2017 01:54 pm
it is the 42.50 area that should be pivotal and if broken right through then head back towards 40 area again

13 Jul 2017 02:00 pm
the NQ made a double top with the 11 PM high and 10 AM high very close and reversed, down the NQ is closing in on its low at 5777 if the 5784 area is broken through next. ES would need to turned down from 45.50 area and holds under 46 at most for

13 Jul 2017 02:06 pm
while the ES turned down from 45.50 the Dow cash just kissed it's previous all-time high and turned down and starting this drop that should be headed under 42.50 area and could be a decent size drop to or through the low area

13 Jul 2017 02:06 pm
if a break under 42.58 area and not quickly turned back up with some gusto

13 Jul 2017 02:11 pm
43-42 area should be pivotal, as it was a high area and a pullback low area on the way up, and about the middle of today's range.. This bounce should also be sold into and come back down to work through 43-42. Watch 44-45 as bounce resistance

13 Jul 2017 02:15 pm
down so that 44.50 bounce resistance zone and pulled back but still held 43-42 which should break as long as this does not get back over 44-45/hhold after that

13 Jul 2017 02:21 pm
44--45 area being sold and should come back down again to test or break the 43--42 area – likely holds above and tries one more bounce and was a straight line breakdown

13 Jul 2017 02:26 pm
should be climbing up to the 45.50-46 area which should be hard to get through and hold if it is actually reached on this move and not turned down from below that area instead

13 Jul 2017 02:26 pm
update in about 10 minutes roughly

13 Jul 2017 02:36 pm
the 43 pullback low and 43-42 zone is 50% pullback from bottom to top so far and another normal 3.50 point pullback and needs to hold in the last 90 minutes or else could see 44 lower

13 Jul 2017 02:46 pm
ES almost about to go over 45.50 and if so then must continue going on through 46.50 double top and to the 47.58 area, and then likely back down from there quickly if reached.. Must power through 45.50, or potential failure if a small//rejectio

13 Jul 2017 02:56 pm
this pop-up and downturn from 46 could leave a 123 top in place, at least for a pullback of some sort

13 Jul 2017 02:58 pm
however, the way the market is acting a pullback should be small and then get a run up to the 47.50 area or higher and then pulled back again, if the Dow cash cannot break out over its highs in its range above 21,56 and not turn down

13 Jul 2017 03:06 pm
my internal gauges were at screens on a couple, needed a strong day today in order to get across-the-board streams. However, internals are flat.. Will make internal gauges move into neutral again, the VIX dropping quickly – currently about 13% und

13 Jul 2017 03:11 pm
as long as the Dow cash is holding under 21,560-21,564 that is a top overhead and ES should follow and pullback/selloff with it. That is the 123 top at 46-46.58 area. Then need drop >2-3 points and preferably >6 points seen today

13 Jul 2017 03:20 pm
another failure to clear 46-46.50 area and aand pullback still trying to hold 44.25 however this could be some choppy downside into the close if this action continues here

13 Jul 2017 03:26 pm
the Dow cash has been working sideways / lower while the ES has been going sideways / higher,, and in the day that ES avoids trouble as long as 44 continues to hold.. Upside may be limited however

13 Jul 2017 03:34 pm
still a chance for a run up towards 47.50 but would not be able to hold most likely if reached unless the Dow gets strong and runs up to its high. Otherwise, can shop around and stay mostly range bound at the end of the day

13 Jul 2017 03:35 pm
have a great rest of your day. catch you here in the morning. Update tonight around 6 PM or thereabouts. Take care!

 

INTRADAY LOG FOR WEDNESDAY - JULY 12, 2017

12 Jul 2017 09:03 am
good morning. This run up should be sold into,, and then bid back up after a pullback

12 Jul 2017 09:05 am
there will be an update a little bit after the open and then meet you online around 10:30

12 Jul 2017 09:11 am
breaking and holding over 37.50 should not be easy

12 Jul 2017 09:22 am
this would need to keep going through 37.50-38.50, pullback should hold 32.50-31.50 or else continued down to or through 27

12 Jul 2017 09:26 am
the VIX has come all the way down to 10.27 this morning pretty open and a reversal above 10.38 that holds above that, could be a high in place

12 Jul 2017 09:31 am
35 needs to hold work could be a breakdown of some sort

12 Jul 2017 09:35 am
have to hold 36-35 to avoid reversal, bounce could last as long as 20-40 minutes.. Econ data top of the hour.

12 Jul 2017 09:37 am
38.75 high so far and has to hold 37 and bounce with gusto or early high in place on a break hundred 35 that's not turned right back up

12 Jul 2017 09:39 am
I will meet you online at around 10:30. must continue holding over 37.50 and especially 35

12 Jul 2017 09:46 am
need bigger than 3.25-4.25 pt drop

12 Jul 2017 10:10 am
could have a high in, but so far a 3.00 point pullback from the high and needs to be a drop of more than the 3.25-4.25 pullbacks yesterday in order to break upside symmetry

12 Jul 2017 10:11 am
meet you online would at 10:30

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

12 Jul 2017 12:08 pm
With 40.50 being broken a pullback will need to be small and turned up from 40-39.50 area or else could go back down to work through 38.50-37.50 which has held as new support so far

12 Jul 2017 12:10 pm
there were no buyers after touching 42.75 this morning with the ES quickly backing away and then breaking under 40.50/holding,, and with beige book this afternoon likely sold again if reached,, otherwise test 44--45 area

12 Jul 2017 12:13 pm
quick pullback should be a top and go for 36.50 area now

12 Jul 2017 12:19 pm
we have a gap that is 7.50 points wide, and should be at least traded into user today or tomorrow, which would mean going under 34.75. That should happen as long as 41.50-42.50 is not broken through and able to hold/and keep going through 44-

12 Jul 2017 12:21 pm
39-40 area should be bounce resistance and not broken and held on last running up towards the high which would be a short as it should come right back down from 40.50 area if reached

12 Jul 2017 12:30 pm
sso far the ES made it up to the 39.75 level and will need to turned down from around this area, no higher than 40.50 and turned down again to get a topping pattern and come back down towards 37.50 old resistance//new key support

12 Jul 2017 12:32 pm
tthe drop back down to 37.50 lasted 3 minutes and slowly grinding higher towards the breakdown area,, and good resistance just under that should hold this down unless heading towards 44 first.. .

12 Jul 2017 12:34 pm
just turned down and that should be a bounce high that's hard to get above and hold now to go down to the 37.50 or lower

12 Jul 2017 12:35 pm
I will be away until around 1:15--1:20 PM but will update before then if necessary and I am free. We get the beige book at 2 PM this afternoon yet

12 Jul 2017 01:13 pm
bounce high in place,,pullback would need to hold around 40 and turns up and goes through 41.50-42.50 resistance around the high. A poke at least to 44 area if broken through with some momentum

12 Jul 2017 01:17 pm
need to hold 40 or it probably goes too far and a bounce as follows likely sold again also and head back to 38.25-37.50 key area

12 Jul 2017 01:18 pm
update and about 10 minutes or so, wanted to alert of a potential for bounce high and couple point pullback from top of it

12 Jul 2017 01:33 pm
the ES pulled back 2.00 points off of its bounce high and turned back up from 39.25, needs to continue holding 38.50-37.50 in order to keep sideways//higher move going

12 Jul 2017 01:38 pm
if there is a breakout over the high at 42.75 then 44-45 is next

12 Jul 2017 01:40 pm
another pullback more likely from up here before the beige book comes out at 2 PM

12 Jul 2017 01:57 pm
less than 10 minutes until the beige book release and hopefully it will give some volatility. At the moment they're basically is no damage done as long as 37.50 area continues to hold upside from here should be a bit limited however, unless trying fo

12 Jul 2017 02:02 pm
the VIX made a low down at 10.10 and has bounced to the 10.38 level mentioned last night, and going over that level and hold for the ES a red flag for a reversal this afternoon.. ES tested its high and needs to go over 42.75 in order to go for 44-4

12 Jul 2017 02:07 pm
buyers are backing away at the high and it was also rejected earlier with good offers just above, and on a basically sideways day with drops of 5.00 and 4.50 points, one of those drops of some sort could happen from 42.75 area

12 Jul 2017 02:09 pm
sshould be one of those 2.00 point pullbacks and not go all the way back down again

12 Jul 2017 02:12 pm
1.50 point pullback from the 42.50 double top that was rejected, and needs to go through that high or else still in the range and will go down to .00 or more points off of this 42.50 high

12 Jul 2017 02:14 pm
otherwise, if there happens to be a hoax above the 42.50-42.75 area it should have trouble holding and come down from 44--45 at the highest most likely. If not then 47.50 major area not far above the – should not be seen,, at least today

12 Jul 2017 02:17 pm
44-45 needs tested on this move and if not a reversal there than the 47.50 area is a key resistance to get above and not reverse from today

12 Jul 2017 02:18 pm
should be support on a pullback of about 1.50-2.00 points from whatever the high is on this move. Should not be more than that or else things could be changing,

12 Jul 2017 02:20 pm
41.50 should be about as far as a pullback does and turns back up from four of those this could be a high in place with a reversal of some sort from up here.. Dropping 4.50-55.00 points would make this a top

12 Jul 2017 02:24 pm
so for 1.75 point pullback and needs to now make a higher high 44-45. If not and goes under 42-41 uptrend support, then 39.25-38.75 maximum downside, unless things have changed

12 Jul 2017 02:30 pm
with this small bounce again,a moved into the 44-45 area is needed in order to keep this going, and likely sold at or below that area and pullbac 2+ points again, possibly more

12 Jul 2017 02:33 pm
123 top and should be a decent pullback start if not able to get over 43.75 into the 44-45 resistance (the high just under that zone) and start of a decent pullback from up here,, unless going to work through that resistance

12 Jul 2017 02:35 pm
the VIX starting to show a bit of consciousness turning up again this time from 10.21 and headed towards 10.38--10.40 where a breakout would mean reversing on the ES also

12 Jul 2017 02:37 pm
with the ES stopping just below the 44-45 resistance, a major bounce resistance zone,, we should have a top in place however need to break this up sloping channel and then there could be a quick breakdown

12 Jul 2017 02:44 pm
1.50-2.00 pullbacks on the way up from 37.50 around 12:20, and anything more than that from up here should be the start of a 4.50--5.00 point move off the high after that

12 Jul 2017 02:46 pm
so close to what could be an important top, time to buy some put options for be short in some way to hold onto for a decent sized pullback.. Need to give it a little room, but reward should be good if finally a decent drop..

12 Jul 2017 02:56 pm
might consider waiting until there is a pullback of more than a few points and breaks the current uptrend for some proof of a turn,, but need to pay up for that "information" from the market. in any case, has to go above 45 and not quickly turne

12 Jul 2017 03:00 pm
pullbacks have been 1.75, 2.00,, 1.50,, and just a 2.25 point dip holding 41.50.. A moved back below that level could be the start of a bigger 4.50--5.00 pullback or more

12 Jul 2017 03:05 pm
still a chance for a pop-up to a new high at the 44--45 resistance area and likely back away again

12 Jul 2017 03:06 pm
if they get up there and do not get rejected or backed away, could go for 47.50 area before a pullback of some sort

12 Jul 2017 03:08 pm
could back away a bit from 44-45 however not far enough for a reversal of any kind.. Should only be another 1.50-2.25 point pullback at the most

12 Jul 2017 03:14 pm
double top at the 43.75 level and just below the 44-45 resistance, and need to hold 41.50 last pullback low area to avoid a potential drop and instead continue trending up move, avoid drop towards 39 area – not likely

12 Jul 2017 03:19 pm
still holding just under 44-45 resistance and buyers backing away from that area and going under 42.50-441.50 and not turning right back up could mean a decent sized drop underway,, 4.50-5.00 points from the high

12 Jul 2017 03:25 pm
with all of the pullbacks being small today since turning up from 37.50 around 12:15,, another one needs to be small again and hold at or above 42.50--41.50 area or a reversal possible after rejecting and stolen just under resistance long enough –

12 Jul 2017 03:30 pm
so far a top 1 tick under resistance,, and for the rest of today would keep a stop at 45.25, just above the top of resistance zone. That is about 2.25 points risk.. Needs to break/hold under 42.50-41.50 and of day to keep pressure on.

12 Jul 2017 03:34 pm
end of day pullback beginning and 38.75 should be the lowest this does or else bigger pullback coming tomorrow also.

12 Jul 2017 03:38 pm
still needs to break and hold 41.50 at least to finish poorly and not a late day run up... keeping a short overnight.. Have a great rest of your day and I will update you tonight and then need you here in the morning. Take care!

 

INTRADAY LOG FOR TUESDAY - JULY 11, 2017

11 Jul 2017 09:04 am
NOTE: no update today until afternoon when I return from doctors appointment

11 Jul 2017 12:26 pm
literally just got home 5 minutes ago and see that 2410 gave a good bounce that is failing at 21 and breaking and breaking and holding under 17 could mean going down to work through 13.58 area

11 Jul 2017 12:33 pm
this quick reversal up from 16.25 should be a low for a move to test 20.50--21.50 area and should be good resistance if reached. also should be a pivotal area. Unless broken this could go back to or through 16.25-15.75 and possibly 13.50--12.50

11 Jul 2017 12:37 pm
if this continues holding under 18.50 it still can go through 16.25-15.75 on the way down to 13.50 area or lower. Going over 18.50 could then attempt 20.50--21.50 maximum or else stronger run up

11 Jul 2017 12:39 pm
I am going to need to take a break for a little bit here and should be back around 1:15, or sooner if I am free and update is necessary. At the moment still needs to get over 18.50 just rejected a second time and not get turned right back down

11 Jul 2017 12:48 pm
rejection of the 20.50-21.50 pivotal area above on the first attempt,, if there is one more bounce attempt that area needs to be taken out and then held after that on a pullback. The rejection is bearish under that area for a pullback of some

11 Jul 2017 01:13 pm
the ES made it to the 20.50-21.50 new resistance aand is backing away and needs to continue holding under 20 and take out at least 18.50 without turning right back up to get going on the downside

11 Jul 2017 01:16 pm
17.25-16.50 needs held and not get broken through/held and go up over 20 if there's going to be an attempt to go through 21.50 pivotal area

11 Jul 2017 01:19 pm
has soon get over 20 and be able to hold on this move as it is trying to nudge a bit higher

11 Jul 2017 01:25 pm
this still needs to go for 21.50 on this move and be able to hold up there and not turned right back down. Buyers have been in charge mostly since bottoming, but resistance and old support and 60 EMA all together make a cluster that must be cleared

11 Jul 2017 01:29 pm
this downturn from 20.25 should keep some pressure on, but starts to get pressure if they break and hold under 18.50, not holding here and running up through 20.50--21.50. If I am wrong and resistance broken then could be 25-26 possible yet aga

11 Jul 2017 01:36 pm
breaking down a bit more and would need to get over at least 19.50 and not get turned right back down in order to have a chance for a turned back up and not keep on pushing lower to or through 16.50 possibly 13.50 – If the downside momentum

11 Jul 2017 01:40 pm
quickly turned up at 18 but still needs a move over 19.50-20 new downtrend resistance in order to attempt aanother pullback low possibly employs and eight shot at 20.50--21.50

11 Jul 2017 01:44 pm
3.25 and 4.25 point pullbacks since bottoming, and another pullback should not be more than 3.25-4.25 points at the maximum to keep good uptrend intact now 21.50 new pivotal support should be held

11 Jul 2017 01:50 pm
24.50 close from yesterday should be an important area to break above and hold,, otherwise a pullback should hold 22.50-21.50 and turn up at the worst to avoid bigger

11 Jul 2017 01:57 pm
beware of a pullback from around the 25-26 area again as selling came in better early this morning,, and if going to take out 26 and stick (or at least try to for a while) then needs to be just a small pullback and burst higher with momentum

11 Jul 2017 02:00 pm
holding 23 keeps pressure on the upside towards 26 or higher.. Must not be broken down through

11 Jul 2017 02:05 pm
24 should be an important to hold above now and the ES needs to take out the 26 high, which was rejected 3 times before the break drop,, or it could leave a double top)in place, and close on the NQ (123 like top possible)

11 Jul 2017 02:06 pm
so far turned down from a lower high and a short just under that right now is low risk and good potential reward

11 Jul 2017 02:07 pm
need to go under 23 area and then hold under 24-24.50 on a bounce attempt after that in order to breakdown from this double top it appears at the moment

11 Jul 2017 02:24 pm
so far just a small pullback from the double top and if this goes back over 24.25 then chances are it will go on and pop above 26, however the Dow is also rolling over from double top and wall need to also break out above with the ES. Not a pop a

11 Jul 2017 02:27 pm
on the downside, if there is a break under the 22.50-21.50 area and not turned back up,, a late day pullback or reversal likely underway starting in 2:20-2:40 time frame. Still looks a bit tired up at this area and prone for pullback

11 Jul 2017 02:34 pm
still is holding under the double top and even though not much of a pullback yet there still could be one holding under that 25.50-26.00 area and breaking under 22.50-21.50 could get things going on the downside, maybe fast

11 Jul 2017 02:37 pm
22.50--21.50 should be tested at least and if no sign of a turn then it could begin to unwind a bit and then a chance of going back down towards the 18th area where strong run-up started @ 1:35 but would need momentum

11 Jul 2017 02:39 pm
at the moment this needs to be able to run right up through 24.50 and keep on going, does not look like that will happen..

11 Jul 2017 02:40 pm
if you are short up here might want to tighten stop to 24.75 instead of the high,,

11 Jul 2017 02:44 pm
so far pullback able to hold 22.50 again and 22.50-21.50 is the new support and another test should hold, and basically will keep its uptrend unless breaking under 22.50--21.50 and not quickly reversing. Still should be decent resistance 25.50-2

11 Jul 2017 02:48 pm
very choppy downtrend and if scalping a short from higher prices than cover at 22.75 or better – or hold with stop 24.50 and keep for a potential late day drop of some sort

11 Jul 2017 02:54 pm
22.50 reached and should keep going down through 21.50 without turning right back up in order to get a breakdown from here, otherwise needs to fail on a bounce at or below 24-24.50 area.. It takes a move above that area or bearish

11 Jul 2017 03:02 pm
26.50-27.50 was a minor the initial resistance and the ES made its high at 26.00, just under that zone, and should not get back up there without being sold today. Heading lower

11 Jul 2017 03:04 pm
taking out this 22.50 then 21.50 should get this going towards 18.50--18 area and maybe a lower. I said earlier this could be a good low risk could potential reward, should go under 20 before a decent bounce most likely

11 Jul 2017 03:07 pm
a reversal from 22 right at 3 PM and holding the 22.50-21.50 zone will keep this out of trouble late in the day, and should try for 26 now

11 Jul 2017 03:09 pm
26.50--27.50 initial resistance would be key area to clear and hold above, or else could be another failure and come back down but hold above 22.50-21.50

11 Jul 2017 03:14 pm
4.25,, 3.25 and 3.50 point pullbacks since coming off of the low.. So it looks like any pullback of 3.25--4.25 points off of this high should hold and give another bounce to keep uptrend and symmetry intact aand moving higher two wars through initia

11 Jul 2017 03:24 pm
has to get through 26.50--27.50 without getting turned right back down from up here.

11 Jul 2017 03:24 pm
the VIX went from 10.84 and reversed with the ES at 11:10 and went straight up to 12.14 with ES at its low, quickly back down to 10.95.so far. needs to avoid reversal or prices turn down

11 Jul 2017 03:30 pm
26.00-25.50--25.50 have been sold and should be broken through after a small pullback or else end up with a pullback to around 24-23.50 maximum for a chance of running up to a higher high

11 Jul 2017 03:31 pm
if this continues to hold over 24.50--24 area on pullbacks now,, market should avoid any trouble and continue its little breakout moves and maybe even try taking out 34 an "outside day"

11 Jul 2017 03:40 pm
so far 26.50-27.50 initial resistance has turned this back and eight move under 25.50 that holds and especially back below 24.50-24 key area around the close then a chance downside gets a bit of momentum

11 Jul 2017 03:41 pm
must not be more than 3.25--4.25 points off of the high or else upside symmetry will be breaking and bounces than likely continue to fail

11 Jul 2017 03:42 pm
have a great rest of your day.. I will send you an update this evening and then meet you here in the morning. Take care!

 

INTRADAY LOG FOR MONDAY - JULY 10, 2017

10 Jul 2017 09:09 am
good morning. The ES close the week at 22.50 and unless 23.50 and then 25 are taken out and able to go with momentum to hold, it Has some early trouble

10 Jul 2017 09:21 am
overnight selloff from just under 30 to the 20.25 low so far, and should be some more selling into a bounce as those who want out should be eager to sell any strength

10 Jul 2017 09:24 am
on the flip side, there should be some shorts wanting to cover any weakness after coming down 10 points from its high already. The 22.50-23.50 should be key and could be pivotal early

10 Jul 2017 09:29 am
just look for bounces to be sold into today. Has to get over 22.50-23.50 and hold and especially take out 25 and hold or still a bounce high in place

10 Jul 2017 09:33 am
should be a lo in for a bit especially going over 23 and holding 22.50 after that

10 Jul 2017 09:41 am
stopped under 23.50 and will need to bounce from 22 or above for a chance of getting through that area and trying for the 25-Friday high area

10 Jul 2017 09:45 am
pullback turned up from 22.00 and took out 23.50 and now must go through 24.50--25.54 else a drop can start from that area or just below

10 Jul 2017 09:48 am
should chop lower and take out 22 if this bounce doesn't take out 24.50--25 and hold 23.50 or breakdown. Happen from that area

10 Jul 2017 09:49 am
should come back to or through the 22 area and if so reached then a bounce that follows should fail

10 Jul 2017 09:56 am
rolled over up there at 23.50 and and broke 22 and failed on a small bounce after and now has pressure on holding under 22.50 as that could be a pivotal area, 19-18 next

10 Jul 2017 10:00 am
almost to 19-18 and need to turn around and run up over 22-22.50 and not turn right back down now

10 Jul 2017 10:07 am
broke through 22 again and should be a bottom for a while and attempt 24.50-25.50 and take out or test Friday high area before another pullback of some sort.. A failure under that must told 22, now about the midpoint

10 Jul 2017 10:11 am
needs to hold and turned up from 22--21.50 to get one more poke higher or else top of the range could be a top possible instead and head down towards the low

10 Jul 2017 10:14 am
a move under 21.50 that is not immediately turned up can make this a top, instead of trying to make one more pop-up to a token hire high and reverse

10 Jul 2017 10:16 am
stalled long enough and even if a bounce from 21.50 it should not make the new high and be able to hold. The Dow cash has some more pattern, but ES leading

10 Jul 2017 10:19 am
21.75 pullback low just above 21.50 and should be sold into on another pop-up to either test the high area or a token higher high and turned back down again

10 Jul 2017 10:23 am
bounce from 21.75 just made token higher high and need to hold 23 area or else could be another decent pullback and then if not too big try for break of 25

10 Jul 2017 10:27 am
pullback from 23.50 bounce high held 1 tick above 21.50 new support and so far a token higher high, need to hold 23-22.50 on any pullback or could be some breakdown

10 Jul 2017 10:30 am
Dow cash made a little double top,, so if 23-22.50 is not held and turned back up and bigger breakdown and could go to or through 21.50 which should not be seen unless top of some sort in for a while

10 Jul 2017 10:32 am
24.50-25.50 is resistance that should be sold if this is going to have another pullback of some sort, and not have a break out that holds 25 high from Friday

10 Jul 2017 10:35 am
that token higher high today and 1 tick under 25 resistance should be a top for a while and especially taking out 23-22.58 area as a bounce after that should also fail

10 Jul 2017 10:36 am
high of the day nailed and any kind of bounce should fail at or below 25 area now and work its way down to 21.50 a key area to hold and bounce to avoid potential breakdown the lows

10 Jul 2017 10:40 am
bouncing from 22 support but should fail at or below 25 on this move and come back down to or through this 22-21.50 area which should be a key and pivotal area now

10 Jul 2017 10:41 am
a new range now from around 22 up to the 25 resistance,, and needs to break through one or the other and if it is over 25 then it should come back down again,

10 Jul 2017 10:46 am
should back away from 25 but if no reversal and 25 easily broken through and holds then 28--28.50 possible

10 Jul 2017 10:53 am
24.75-25 tested 3 times on Friday and twice so far today, just broke out and should go for the 23.50 holds now going for 27.50-28.50

10 Jul 2017 10:55 am
25-24 area should be an important support now to hold on a dip or else could be a top for a little while instead of continuing to grind higher to 27.50-28.15 next

10 Jul 2017 10:58 am
26.75 was a bounce high overnight before rolling over and needs to be out above to get to 27.50 area and then a likely pullback of some sort although it may be small

10 Jul 2017 11:00 am
27.50-28.50 sell can be reached holding over 25.54 higher now

10 Jul 2017 11:01 am
27.00 high so far and should not be much more upside before we get a pullback and would need to hold 25 resistance as new support to avoid potential reversal

10 Jul 2017 11:10 am
held at the 25.50-25 new support and popped up to 27.50--28.58 area and can pullback from this zone and test or break 25.58 support. Holding and turning up there keeps it in an uptrend

10 Jul 2017 11:17 am
27.50 high at 27.50-28.50 resistance so far and should be a top for a pullback to the 27-26 area but not much further or else aa top could be left in for a while also

10 Jul 2017 11:27 am
25.50 pullback low, broke 26.50 uptrend support and now another pop-up to the 27-27.58 area should be sold (or a little lower) in order to get a topping pattern and not go up towards 28.50

10 Jul 2017 11:28 am
pop-up sold at 27.00 and making a 123 type of top and now needs to come back down to 25-24 or lower

10 Jul 2017 11:39 am
so far 25.25 held on the pullback and just over "breakout" over 25 high from Friday and in last broken through 24, market avoids breakdown.. Although could make top again at higher prices and rollover this afternoon

10 Jul 2017 11:39 am
update in about 10 minutes or so

10 Jul 2017 11:48 am
right now the ES needs to hold around 26-25.50 and order to keep a choppy uptrend to test for possibly break the high and then another pullback likely

10 Jul 2017 11:58 am
the ES backed away from the 25 area on the way up and held that area on a dip before turning up again. The Dow cash went up to 21,417, and just turned up from that level with the ES. breaking 25.25 an 24,417 on Dow cash would need to happen to rever

10 Jul 2017 12:08 pm
took out 27.50-28.50 was some gusto and now 27.50 cannot be broken and held below or else it can get top-heavy,, maybe pop back up but come down again if that happens.. 31-32 possible if no reversal

10 Jul 2017 12:12 pm
so far holding 27.50 and will need to hold over 27.50-27 or else another bounce after that should also be sold into for a pullback of some sort and potential reversal if it happens under 31--32 area

10 Jul 2017 12:18 pm
another pop-up to a slightly lower high was sold and now should have some pressure on holding under 28 resistance. Was going above 28.50 by 1 tick so far and could be pullback from this resistance

10 Jul 2017 12:21 pm
unless this is going to be a trend up day and potentially go up and test or break the 31.50--32.50 area, then must not go back under 27.50 and hold under that level, and then continue down to or through 25.

10 Jul 2017 12:24 pm
I will be back from break around 1:15 PM but will update before then if possible and I am free.– – – at the moment must continue holding 27.50 area as new support and take out 28.50 and holds which is only 1 point above

10 Jul 2017 01:17 pm
so far the ES bounced from 27 up to 29 and backed away and will need to continue holding 27 otherwise that trend up kind of action would be changing

10 Jul 2017 01:24 pm
at the moment with the luck of the Dow cash chart it has rolled over from a double top but for the ES to do the same it needs to come back down under 27 and if that happens, a pullback that is >11.75-2.50 points breaks upside symmetry also

10 Jul 2017 01:31 pm
so far the ES pulled back 1.50 points to 27.50 and has been able to hold so far and needs to continue holding over 27 and make a higher high if the trend up move is going to continue

10 Jul 2017 01:39 pm
beginning to roll over and should be a high in place for a while

10 Jul 2017 01:46 pm
we had the VIX pop-up to 11.73 free open and reverse fast at 9:30 AM open and a steady downtrend on 5 minute chart as the 18 EMA a good trend guide. it has dropped to 10.73. Has to go over 10.83 area to break downtrend, same as 27-26.50 on ES

10 Jul 2017 02:01 pm
another token higher high should be sold again, but not pull back more than 1.75-2.50 points off of the high in order to keep the upside symmetry and trend up day going until late in the trading day

10 Jul 2017 02:13 pm
starting at 10 AM it has been a trend up move with reaction at 25,, going from 24.25 t 22.00 and then up to the 27.50 resistance.. 25.25 held on death and choppy move up to 29.25 so far. Now 27 area key support,, upside symmetry broken if that d

10 Jul 2017 02:14 pm
If 11.50-22.25 point pullback symmetry breaks, then maybe downside gets momentum. But grinding higher otherwise towards 31.50-32.50 possibly if this action continues

10 Jul 2017 02:20 pm
may have seen a low on the VIX with it reaching 10.61 and turning back up,, close to going through its 18 EMA after touching and turning 6 times. Could be a sign of reversal of some sort coming

10 Jul 2017 02:23 pm
still, ES needs to go under 27 in order to break the upside symmetry and also have higher lows on the 5 minute chart. A higher high would raise the support, and raise any stops on any long trades

10 Jul 2017 02:24 pm
getting a bit top-heavy and could have a 1.50-2.25 point pullback at the most before another bounce attempt if there is going to be one from above 27

10 Jul 2017 02:29 pm
this still should be 1.50-2.00 points from the 29.25 top which would be just above the 27 level which would be a breakdown of the higher lows and potential breakdown of this trend up move

10 Jul 2017 02:30 pm
look for bounces to fail from here on out. If there is a token higher high it should be sold again

10 Jul 2017 02:36 pm
so far reached 27.25 and if it does not get a strong run up to a higher high that can stick, this move should keep on going to the downside and go through 27 on the way towards 25 area again, maybe lower

10 Jul 2017 02:41 pm
so far has been holding 27.25 so there could be one more pop-up yet however with the Dow beginning to look week and potentially rolled over the ES is vulnerable,, on the verge of a potential breakdown itself under 26.75

10 Jul 2017 02:55 pm
the market has been really slow and thinly traded as it has been going sideways basically since shortly after noon. breaking symmetry now and downside should get a little momentum

10 Jul 2017 03:03 pm
if the ES goes under 27 and then holds under 27.50 we could see a move back to 25 area again at a minimum I would think if downside gets a little momentum. Still could have one more pop-up unless 27 broken

10 Jul 2017 03:08 pm
pop-up sold into and now should come down through 27 ago towards 25 area if not quickly turned right back up from 27.

10 Jul 2017 03:10 pm
28.50 top of resistance zone will need to be taken out and held on the upside to avoid a late date pullback of some sort. That is a key area of resistance up here and would need to be held above and picked up momentum or else rollover

10 Jul 2017 03:13 pm
should pop up over 28.25 and not come right back down again to make a run back up towards the high again. If that happens than it probably will be sold again

10 Jul 2017 03:17 pm
a chance that this could get some momentum

10 Jul 2017 03:18 pm
just broke down and broke uptrend and symmetry and should continue down to the 25 area or lower in this very thinly traded market that was just woken up. Back down under 22.50 would be very bearish going into tomorrow

10 Jul 2017 03:24 pm
bouncing back fro 26.00 but still should go down to the 25 area for a bit lower as long as this holds under 28.25 at the very highest. Should hold around the 27.25 breakdown area

10 Jul 2017 03:26 pm
if there is going to be another push lower it should come from this 27.25 bounce high and not much higher than that

10 Jul 2017 03:28 pm
at the end of the day watch that 27.25 area as it could be a pivotal area and will be important resistance if there is a breakdown. However, if broken/held then a chance to get to or through 38.58 area

10 Jul 2017 03:30 pm
working a little bit like the last few days,, and one of these days there will be a breakdown that holds after making one of these patterns. Anyhow, have a great rest of your day and read the update and then I will catch you there tomorrow morning

 

INTRADAY LOG FOR THURSDAY - JULY 6, 2017

06 Jul 2017 09:08 am
Good morning. The ES is bouncing from its pre-open low and should not get through 26 area and hold. The 19-18 area must hold again or could be in more trouble

06 Jul 2017 09:11 am
for all that's going on with North Korea and possibly Russia and China to some extent the market is still very complacent. NQ big drops and rallies, could be another rough day there

06 Jul 2017 09:16 am
22-23 area should be hard to get through and hold early

06 Jul 2017 09:23 am
I will update a little bit after the open.

06 Jul 2017 09:30 am
the NQ needs to get over 5612 and hold on a pullback in order to attempt turning back up for oh while – it's still in trouble otherwise

06 Jul 2017 09:32 am
19.50 low just above yesterday's low and 19-18 support and will likely be broken( cannot get over 22-23

06 Jul 2017 09:38 am
was bid back up from 20 to 22.25 and must get over 23 and hold around 22 and turned up or else could go back to lower low

06 Jul 2017 09:40 am
reversed and turned down hard from 22.25 breaking down through 19-18 and should hold under 18-19 on a bounce now and 14 area or lower

06 Jul 2017 09:42 am
low at 16 right in the middle of 18 support and 14 support, should come back down one more time

06 Jul 2017 09:43 am
if not then a move up to the 18--19 area should be sold, or likely below that area. Going to come down to a lower low

06 Jul 2017 09:47 am
feeble bounce turned down at 18.25 new resistance and should be headed towards 14 or lower

06 Jul 2017 09:50 am
14-12.50 must get this turned back up or else could keep going towards 2408.50 area next. 10 AM Econ data

06 Jul 2017 09:54 am
bounce off of 14.25, 1 tick above support turned up and that should be a low unless some bad news at 10 AM.. however,, still has some work to do has not out of trouble. Has to at least go over 18-19//hold and especially 22

06 Jul 2017 09:57 am
if this goes through 14 it needs to turn up from 12.50 was some gusto or else a better breakdown 2408.54 lower next

06 Jul 2017 09:58 am
18 bottom of prior support zone sold twice and must be broken and held oor else still in trouble

06 Jul 2017 09:59 am
the VIX needs to go higher than 12.29 where it is now for a low to be put in place

06 Jul 2017 10:01 am
bouncing off of support again and now the third try at 18-19 needs taken out and able to hold after that, otherwise another drop will take out 14

06 Jul 2017 10:04 am
Still sold bounces

06 Jul 2017 10:07 am
holding under 14.50-15 will keep pressure on for a potential break under 12 which is bottom of that zone,, and if so then 2408.50 possible

06 Jul 2017 10:10 am
has to get over at least 14--15 and not get turned right back down in order to attempt some sort of bounce. 17-18 area is the key resistance to clear and hold now if a bottom gets put in

06 Jul 2017 10:17 am
the turnaround came at the 10:10 AM timeframe for a turnaround and should have a low in and hold above on a pullback,, otherwise drop to the 2408.50 area and then attempt another pop-up

06 Jul 2017 10:22 am
upside stalled and is turning down and needs to hold over 12.50--12 at the lowest to avoid a potential test or break of the low

06 Jul 2017 10:25 am
15.25 is a resistance that is hard to get over for a while here and less that is taken out and held then could come back down towards the low but should not go through very easy if it does get back there

06 Jul 2017 10:34 am
the pullback held at the 12 level and will need to continue holding or else could then go back to work through the low,, and is still vulnerable and less it gets back over 15 without turning right back down right now

06 Jul 2017 10:36 am
this can keep working its way lower if it holds under 14

06 Jul 2017 10:39 am
needs a push through 14-15 was some momentum so it can hope on a pullback to get upside going here a bit

06 Jul 2017 10:41 am
10:10 low and should not go back down there now that could buying came and at the 12 area. That should be good support that holds the rest of the morning

06 Jul 2017 10:42 am
or else the market would be in some trouble.a move over 15.25 needs to have just a small pullback after that if headed up to test major area now at 18--19 zone. Likely not easy getting there

06 Jul 2017 10:48 am
15.75 bounce high was sold down to 13.50 and held,, and now holding over 13.50--12.50 is needed to keep the market from further breakdown to test or break the low possibly if that zone on able to hold

06 Jul 2017 10:48 am
pop-ups should still be sold into four pullbacks at least as long as this is under the 18 level

06 Jul 2017 10:52 am
turning up from 13.50 again but should not stick and could be a test or break of 12 if it cannot go over 15 with gusto

06 Jul 2017 10:57 am
must have a very quick reversal up from 13 and go up above 14.50 and hold, or else keep on grinding towards the lows or lower

06 Jul 2017 11:03 am
run up off of 13.25 took out 15 and should be a tiny pullback and then one more push higher that may be able to get to or through 18--19

06 Jul 2017 11:05 am
all pullbacks should be bought above the 15.50--14.50 area at the lowest if it is seen again. A move over 18 area must hold 17 area after that for a chance to keep going and not reverse again

06 Jul 2017 11:08 am
18.50 sold now 17 area needs held or else another bounce should also have trouble getting over 18-19 and holding for very long..

06 Jul 2017 11:13 am
18.50 bounce high at new resistance, and has to hold 15-14 or else a bigger breakdown,, or at least they bounce that followed should fail the first time up

06 Jul 2017 11:15 am
15.50 reached so far and even if a bounce it needs to get over 17 first and not turned right back down or still is under pressure – will be holding under 18-19 prior major support

06 Jul 2017 11:19 am
14.50 reached and Baker breakdown if not able to turn around with some gusto and take out 18 which not likely right now. Bounce should be sold 15.50-16.50 fifth coming back down

06 Jul 2017 11:23 am
so far a fable bounce to 15.75 at 15.50--16.50 zone so should come back down to or throug 14.50-14

06 Jul 2017 11:31 am
bounce off of 14.50 new support almost to the 18 area again and should push through on this try, but if not then it should on another pullback over 14.50 very lowest

06 Jul 2017 11:39 am
22 area is not impossible if this can continue holding over 18-17.50 area, but if that is broken through then another bounce that follows will likely be sold at or below the bounce high

06 Jul 2017 11:39 am
next update in about 10 minutes

06 Jul 2017 11:52 am
pullback held at 18 and turned back up and must hold 18-17 or else could begin to have a bigger pullback from up here

06 Jul 2017 11:57 am
could have a high in place for a while holding under 19.50 and going down to around the 16.50 area or lower possibly 14.50 Downside gets any momentum

06 Jul 2017 12:00 pm
well so far only poked under 18 and turned back up and still could go to the 22 area as long as 18-17.50 not broken through

06 Jul 2017 12:11 pm
backing away again and must not go back under 18 without bouncing right back up again or else in trouble again most likely

06 Jul 2017 12:13 pm
up sloping trendline on the 5 minute Dow cash gets broken it could cause the ES to pick up a bit of momentum and then sold on a bounce after that

06 Jul 2017 12:19 pm
this bounce should not get about 20 and be able to hold their very long if it does get to that area, and muskets running right up through 22 and towards 25 area which is doubtful right now. A moved towards 16-15.50 need held or 14 a key area to

06 Jul 2017 12:21 pm
I will be back from break time around 1:15 but will update before then if I am free and update necessary. Should be a high employees for now

06 Jul 2017 12:25 pm
would need to get over 18.50, and with some momentum to easily go through 20 and not stall out again or be rejected for a shot at the 22-23 area.– – update around 1:15

06 Jul 2017 12:57 pm
just went up just went up to 19.75 and that is 1 tick under the 22 bounce high making a 123 type of top, not a lot of big swings but must told the 15.50-14.50 area to avoid breakdown off this topping pattern

06 Jul 2017 01:00 pm
if the ES finally pushes above 20 and not turned right down again then on up towards 22-23. so far the high is also at the 60 EMA on 5 minute chart for resistance also. the Dow is lagging in here

06 Jul 2017 01:00 pm
update in 10-15 minutes

06 Jul 2017 01:18 pm
with all of these pullbacks being bought and holding 17.50 on its pullbacks this can keep going up to the 22-23 area at least

06 Jul 2017 01:18 pm
should not come back down even close to 17.50,, should just go on up there with a tiny pullback if any

06 Jul 2017 01:24 pm
went straight up to 21.50 and backed away a bit and needs to be just a small pullback hold around 19.50 area may be at the lowest to make it back up to the 22-23 area, where we get a pullback or maybe acceleration a bit higher

06 Jul 2017 01:29 pm
another day with a reversal made 20-40 minutes into trading, has been a choppy trend up move so far. Biggest pullbacks of 4.50 and 4.00 points. Any pullback from up here should be less than that amount for this to continue at least to 22.25 high 5

06 Jul 2017 01:30 pm
currently important resistance along with potential 123 top on NQ at 5632 and 5631 iit would need to breakout above

06 Jul 2017 01:32 pm
27.50 prior swing low is 4 points off of the high and so 17.50-17 need to hold and get a bounce or else things have changed and top end at 21.50 on the bounce, 5632 NQ

06 Jul 2017 01:34 pm
a bounce from 18.50 area possible however it should only set up a good low risk shorting opportunity with stopover the high as that should be it for this bounce for a while

06 Jul 2017 01:37 pm
should hold under the high on any bounce attempt and go down to the 17.50-17 area or more on this move down to break the upside symmetry and also prior swing low

06 Jul 2017 01:41 pm
looks like taking out 17.50 also triggering some stops/selling and should hold around/under that area on a bounce attempt on the way to 14.50-14 or lower

06 Jul 2017 01:43 pm
a really nice stall for low risk shorting opportunity, a chance for a breakthrough 14 and then 12 must told or else a chance for a lower low down around 2408.58 area if this keeps going with some momentum

06 Jul 2017 01:48 pm
pullback low at 15 so far and just over 14.50-14 area that should be a key area with now Three Lows area starting around 11:15, triple bottoms normally broken on a 4th time

06 Jul 2017 01:50 pm
17.50-18.50 is strong bounce resistance that should be sold into if reached before 14.50--14 area is broken through

06 Jul 2017 01:53 pm
only a feeble bounce turning down from 16.50 and that keeps pressure on for a break through 14.50-14 or lower

06 Jul 2017 02:04 pm
14.25 low at that 14.50-14 zone and needs to hold and get back over at least 16--16.50 with some momentum to break the current study downtrend

06 Jul 2017 02:12 pm
13.75 quickly turned up but there can still be another push lower towards the 12.50-12 area if there's holds under 15.50 on a bounce attempt..

06 Jul 2017 02:13 pm
if the ES does not hold around the 12.50-12 area then a new low at 2408.50 area is a good possibility

06 Jul 2017 02:15 pm
should hold under 14.50-15 at highest now for this to keep on making lower highs and lower lows on this move down.. Watch the 1 minute chart with the EMA's has a great guide

06 Jul 2017 02:17 pm
quick bounce from 11.50 however still needs a move over 14-14.50 and not get turned right back down at the moment

06 Jul 2017 02:26 pm
a bounce up to 13.50 was turned away right at the 18 EMA on the 1 minute chart and downtrend resistance that needs to be broken and then held to the attempt a bounce of some sort in this time frame if there is going to be one

06 Jul 2017 02:29 pm
lately the market has been making early lows and bouncing to make afternoon highs/topping patterns and pulling back into the close. In time frame for a turn, but still bearish than less back above 14.50 at a minimum to attempt bounce and try to avo

06 Jul 2017 02:31 pm
actually could be short with a stop abov 13.54 what could be 2408.50 on a further breakdown

06 Jul 2017 02:32 pm
need to hold under that level to keep pressure on and otherwise could get a bit of a bounce back going instead,, if 13.50 both broken and then able to hold. Pressure on under that though

06 Jul 2017 02:33 pm
can be a bounce but would need still to go over 13.50 area and strong enough to hold

06 Jul 2017 02:35 pm
there is a good bid below and any kind of pullback from here should hold and turned back up as the 11.50 level should hold at the end of the day – if not then 2408 but doubtful

06 Jul 2017 02:37 pm
proof will be taking out 13.50 and then not having another rollover with some momentum that goes through the great bids under the market

06 Jul 2017 02:38 pm
the good bid has disappeared opens the door for a further breakdown

06 Jul 2017 02:40 pm
took out 2412 and now 2408.50-2407.50 key support that could get tested as long as 13.50 is not broken/held and start a short covering run up attempt

06 Jul 2017 02:45 pm
double bottom of sorts and needs be strong enough to get back over at least 13.50 or else rollover one more time

06 Jul 2017 02:47 pm
all of these bounces are failing under 13.50 and needs a bounce to get over that area or else keep on shopping down towards 2408.50--2407.50 area before the day is over

06 Jul 2017 02:52 pm
another pullback needs to hold over 13.25--13.50 lows on this next pullback and keep going down towards 2408.50 – that 12.50 prior support turning into new resistance now to clear and hold

06 Jul 2017 02:57 pm
should be a good double bottom in place unless this turns back down hard from 13.58 area,, which it should be able to get back above in order to finish on a good note

06 Jul 2017 03:02 pm
now has been nudging higher almost to the 13.50 area and a move through their and on up through 14.50 in order to avoid yet one more pullback,, keep on grinding higher instead

06 Jul 2017 03:05 pm
the ES made it to the 13.25 level and stalled there and now rolling over but not without much momentum so it should be able to hold over the low and make another move higher

06 Jul 2017 03:07 pm
is going to stay under pressure anklet that although down towards 2408.50 if this can not even clear the 13.50 level

06 Jul 2017 03:09 pm
10.50--10.25 are the lows and spiking down there but popping back up should start some short covering and another bounce before pulling back again

06 Jul 2017 03:11 pm
still, in the last hour has to get over 13.50 at a minimum. Otherwise a chance of 2408.54 lower likely

06 Jul 2017 03:12 pm
2408.50-2407.58 area by holding at or below 12.50--13.25 – pressure on the NQ could help

06 Jul 2017 03:21 pm
should test 2408.50-2407.50 or go lower as long as this action continues and bounces are small holding under 12.50-13.25 bounce resistance right now

06 Jul 2017 03:22 pm
that has been a target for most of the day and should be in that in this last 40 minutes

06 Jul 2017 03:33 pm
2408.50-2407.58 area has been reached but even if a bounce it must get over 10.50 area at least,

06 Jul 2017 03:33 pm
prior low area and pressure stays on holding under. They not get there today but "V" bottom off of a major major area 2402-2400.50 down to 2397--2396 that must be reversed with gusto, or else they get reversal

06 Jul 2017 03:36 pm
2406.50 low needs to hold and get back over 2409.50-2410.50 to have any kind of chance of a decent bounce back end of the day.. Possibility of a drop into the close.

06 Jul 2017 03:38 pm
the ES made its high after the first 5 minutes of trading after opening down about 7 points. It was not a gap day,, but has been trend down since 1:20 PM so a chance to drop until last 5 minutes

06 Jul 2017 03:39 pm
anyhow, have a great rest of your day and I will send you an update and then meet you here in the morning.. take care!

 

INTRADAY LOG FOR WEDNESDAY - JULY 5, 2017

05 Jul 2017 09:15 am
the ES still needs to get over 31-32 downtrend resistance and not reverse. Or a pullback needs to hold 26.50-25.50 and quickly turned up to avoid potential breakdown

05 Jul 2017 09:24 am
overnight low on the ES was at 21.50 and should not go back down there or else market would be in trouble.

05 Jul 2017 09:30 am
early strength needs to get over 30.25 Friday high at a minimum or can come back towards 25.50-24.50 Friday close area,, a support before getting to 19-18

05 Jul 2017 09:33 am
early strength sold and holding unde 28.50 can keep pressure on to the 25.50-25 or lower

05 Jul 2017 09:38 am
headed towards 25.50-25 and must hold there or else 22 next 19-18 a possibility

05 Jul 2017 09:41 am
a bounce off of 25.25 minutes and get over 28.50 in order to avoid another push to the downside to the 22 area or lower

05 Jul 2017 09:45 am
24 reached so far and holding under 26.50 should keep pressure onto get to the 22 area or more. Has to be broken and then able to hold after a small pullback

05 Jul 2017 09:52 am
22.50 reached in just over 22 updated support and needs to hold there now or else go to the 19-18 area and a bigger breakdown. EMA's on 1 minute a downtrend guide so far, must get over 25.50 area/hold to try breaking downtrend

05 Jul 2017 09:56 am
25.25 downtrend resistance stalled and turned down and now 22 needs to hold or could go to 19-18

05 Jul 2017 10:02 am
24.50 needs to be broken and held

05 Jul 2017 10:03 am
especially on a bounce from 22, which must hold to avoid 18-19.

05 Jul 2017 10:06 am
19.50 reached and should be bounce attempt and must get back above 22-22.50 and be able to hold in order to have a low and this 9:20--10:10 AM timeframe again

05 Jul 2017 10:14 am
bounce to the 22.75 level (22-22.50 new resistance) immediately turned down and a key area to get over/hold or head to 19/18 and maybe break

05 Jul 2017 10:16 am
minor area 16.58 area before getting to the 14-12.50 area that is an important bigger picture pullback support to hold or else 2408 and then two or through 2402

05 Jul 2017 10:18 am
19.25 was reached but these bounces are not very strongand should continue failing as long as 22-22.50 is not broken and held

05 Jul 2017 10:24 am
back to the 18 EMA on the 1 minute chart at 21 and needs to go through 22--22.50 and then hold no lower than 21 and turned up in order to have a low and down here, still vulnerable otherwise

05 Jul 2017 10:24 am
back to the 18 EMA on the 1 minute chart at 21 and needs to go through 22--22.50 and then hold no lower than 21 and turned up in order to have a low and down here, still vulnerable otherwise

05 Jul 2017 10:26 am
22-22.50 could turn into new resistance and make another holding under that aarea

05 Jul 2017 10:31 am
double bottom 1 tick above major support area up to 22 so far and needs to keep going through 22.50 and hold around 21.50 at the lowest and turned up to keep from another potential breakdown to 19.25 or lower

05 Jul 2017 10:34 am
24.50-25.50 need squared and held next to have some upside momentum

05 Jul 2017 10:37 am
24.25 reached so far,, should hold back and then another bounce from 22.50--21.50 or above for this to have a new strong uptrend off of the low

05 Jul 2017 10:43 am
should not go back under 23.50-22.50 or else bounce high could be in and bounces not stick. right now has resistance at 25.50 where selling came in after a bounce on the way down to the low

05 Jul 2017 10:45 am
if cleared and held over 25.50-26.50 than instead of a pullback to the 24 area should keep going up around 27.50-28.58 area, a lower high that stalls/reverses would be a short with tight stop over the high

05 Jul 2017 10:49 am
27 bounce high so far and should begin a pullback and 24 area would be too far and could be a high for a while,, if not then the next bounce likely sold as long as 29 not broken

05 Jul 2017 10:52 am
has to hold the 24.50-24 area and bounce to avoid a potential breakdown, but if a bounce then it should be sold into probably under 27.5-28.50

05 Jul 2017 10:56 am
bounce held over 24 so a chance to get to or through 27.50-28.50 where it needs to turn or else 31-30 key resistance should be maximum upside before coming back down again

05 Jul 2017 11:02 am
so far this move on the upside has been holding at the EMA's on the 1 minute chart and is bullish holding over 26.50 at the lowest right now heading towards 29-31

05 Jul 2017 11:05 am
sshould be a high in place on that move and if not then one more pop-up will be sold into at the high or a slightly higher high but under 29.50 to get a 123 top to hold

05 Jul 2017 11:07 am
a break under 26.50 which is 18 EMA on the 1 minute chart needed to break current uptrend or else could go for the token higher high over 29.50

05 Jul 2017 11:13 am
29.50-30.25 needs broken through and not reversed soon to avoid a top. 32 area next if broken 27-26.50 needs held,,and then 24.50-24 support to hold to keep the market out of some trouble

05 Jul 2017 11:17 am
29.00 reached the needs to go under 27.75 and not turned right back up to trigger downside and also break up trending 18 EMA on 1 minute chart

05 Jul 2017 11:22 am
could be a bounce from 27.75 or a little lower but not go over 29-29.50 and hold anytime soon

05 Jul 2017 11:23 am
needs to be a pullback of some sort and then try another run up strong enough to try for the 31-32 area above the 29.50-29.00 123 top so far

05 Jul 2017 11:27 am
has to break 26.50 and not turn right back up or else just a pullback and has a chance for new highs and eight test of 31-32

05 Jul 2017 11:30 am
29.50 sold and double top at the moment, could be top for a while. 27--26.50 area is going to be key to hold and possibly a pivotal area

05 Jul 2017 11:33 am
any kind of bounce from here should be sold, as this has topped out and should come down at least to the 25.58 area and possibly go through 24.50

05 Jul 2017 11:33 am
any kind of bounce from here should be sold, as this has topped out and should come down at least to the 25.58 area and possibly go through 24.50

05 Jul 2017 11:40 am
so far we have two-sided action and we get the Fed minutes at 2 PM today. pullback held and bouncing from 16.50 updated support and needs to go through 29.50 to avoid 114.50 at least

05 Jul 2017 11:42 am
14.50 area is the middle of the range and was a bounce high before dropping to the 19.25 low, and pullback low on the way back up to 29.50 again. must hold or else another bounce also fails under 29.50

05 Jul 2017 11:57 am
26.25 pullback low quickly turned up turned up, but has to have just a small pullback and then go up through 27.75-28 for a chance at a new high and not rollover towards 14.50 area

05 Jul 2017 12:00 pm
pop-up and rejection again of 27.75 this will stay under pressure unless that is broken and could go back at least 26.50 area on a breakthrough

05 Jul 2017 12:07 pm
bouncing from the 26th level this time and unless 27.75 is broken it could still work down to 25.25-24.75 area if it wants to hold above 24.50 and not test for break that area. Bounces failing now and should continue to lower

05 Jul 2017 12:09 pm
I will be away on break until around 1:15 or thereabouts, I will update if I happen to be free and an update is necessary

05 Jul 2017 12:51 pm
At the high: needs to hold 27.50 area (27.75 prior resistance held at 27.50 as new support and turned up, so a transition area of sorts) war there could be a break in the strong uptrend and beggar pullback this time

05 Jul 2017 01:18 pm
the ES has been grinding higher from the 26 pullback low and could get to 31-32 before backing away

05 Jul 2017 01:35 pm
backing away from 31-32 first resistance so far and needs to break 28.50-27.50 in order to have this rolling over back towards 26 or more. Would need to have trend/momentum reverse to downside through 28.50-27.50,, could try for poking into 31-32

05 Jul 2017 01:38 pm
in spite of market being up for the day, 800 more stocks trading down than up for the day at the moment.. That is extremely poor, so even though and up day internal gauges will not be reaching extremes

05 Jul 2017 01:41 pm
RBI oscillator was slightly in extreme territory, but none of the others after the short session on Monday.– anyhow should be a top in place at resistance just like the low was 1 tick above major support for today.. NQ exploded again,, should revers

05 Jul 2017 01:48 pm
while the NQ basically ran straight up to 5660.75, ES had 10.25 point drop to support and a 12.00 point rally to resistance, range in place before fed minutes at 2 PM. So would need to break 28.50-27.50 and not get turned right back up again

05 Jul 2017 01:56 pm
28--27.50 needs to hold or else a pivotal "last trapped" area from around 12:15 and symmetry equal to the last pullback coming together in the same potential breakdown area

05 Jul 2017 01:57 pm
careful entering any new positions right in front of the Fed minutes release at 2 PM

05 Jul 2017 02:02 pm
a chance for a run up to the 31-32 area again but should have a hard time holding up their if it is reached and not rejected

05 Jul 2017 02:03 pm
bounces should fail at or below 31-32 resistance for a shorting opportunities

05 Jul 2017 02:04 pm
25.50 area will be key support if 28.50-27.50 is broken thorough

05 Jul 2017 02:18 pm
this bounce from 26.50 should have trouble at the 31-32 area on a third trip up there and if not a pullback through 29.50 after that,, a chance of getting above 32

05 Jul 2017 02:26 pm
yet another time up to this 31-32 zone has a better chance of poking through although likely would not hold. But if just a tiny pullback, then a chance for the 35-35.50 area not impossible but probably not today

05 Jul 2017 02:32 pm
could keep going on up towards 35-35.50 that holding over 31-30.50 and turning right back up from that area on a small pullback

05 Jul 2017 02:35 pm
reversing through 30.50 and still should have trouble getting over 32 and being able to hold. Would need to quickly turn up and make a higher high in order to continue higher in time reversed from this resistance

05 Jul 2017 02:44 pm
still needs to hold 31-30.50 at worst and be turned right back up from that area otherwise it could be rolling over for a bigger pullback possibly 28.50 or a little lower

05 Jul 2017 02:48 pm
the ES held 1 tick above the 19 support and so far the ES made its high 1 tick over the 32 resistance..so this needs to get over 32 and hold orals begin to break down again

05 Jul 2017 02:49 pm
just rolled over and needs to bounce from 29.54 continue going to war through 26.50-25.50 area or lower. One more pop-up should be sold at or below 31-32

05 Jul 2017 02:51 pm
not sure how much downside there might be, as the NQ has been strong all day and needs to reverse along with the Dow which was making lower highs while the ES was on its way up to the high

05 Jul 2017 02:55 pm
quickly turned up from a poke under 29.50 to the 29 level but should be sold at a lower high, should not get through 31-32 and be able to hold over 32 even if reached. Should see bounces failing

05 Jul 2017 02:57 pm
a breakdown under 28.50 could keep going on down to or through 26.50-25.50 area which would be a key support to hold to avoid decent sized drop and of the day. – Update in about 5-10 minutes

05 Jul 2017 03:08 pm
with this uptrend being reversed at 2:20 PM we likely have a top in place and especially with it being rejected at resistance.. Could be bounce attempt from 26.50 or higher,, should not go far before being sold. 1 minute chart 18 EMA at 29 area sh

05 Jul 2017 03:22 pm
the ES got back above 29 and is holding however in order to get back to work through the 31-32 resistance area the Dow will need to gain some street and get back to work through it side where it has turned away 3 times. Should come back down a bit h

05 Jul 2017 03:30 pm
could get another pullback from this areaand would need to hold 28.50 and especially 27 in order to avoid a late day breakdown and have a chance or yet one more run up at the end of the day

05 Jul 2017 03:31 pm
hope you have a great rest of your day. I will need you here in the morning with a comment before the oh. Take care!

 

INTRADAY LOG FOR TUESDAY - JUNE 27, 2017

27 Jun 2017 09:09 am
Good Morning! The market has been down for the most part of all-night and morning so far, especially the NQ. in case of an early bounce,, it would need to break and hold oh per 40

27 Jun 2017 09:14 am
the live session will be at 1:15 until around 3 PM, after lunch break this week due to Dr. appointment tomorrow morning.. Updates will be posted here until then

27 Jun 2017 09:17 am
it looks like stated in last night's update that bounces should have a hard time holding again today and needs to be a bounce from 34 above 40 and hold

27 Jun 2017 09:28 am
could be a bounce with shorts taking profits on lower open and if so a move over 35 and especially 37.50 needed to try getting out of trouble for a bit

27 Jun 2017 09:33 am
has to get over 34 and keep going or else could go through 30 and also 28 and could go down to the 24 area

27 Jun 2017 09:35 am
bounce from 30 has a get over 33 at a minimum and hold after that to attempt a better bounce and not keep dropping through 30 and 28 just yet if it's going to this morning

27 Jun 2017 09:39 am
32 bounce high so far from 30 and unless 33 broken//held pressure stays on to go to act maybe through 28

27 Jun 2017 09:42 am
29.50 quickly turned up that needs to that brings it back over 32.50-33 and not get turned right back down from there

27 Jun 2017 09:43 am
or stroke go to work through 28, May need NQ pullback to help

27 Jun 2017 09:46 am
NQ did turned down from an important resistance area in the early going and should hold under 5759-5761 to keep pressure on NQ. ES needs to get over 32-33

27 Jun 2017 09:51 am
ES still needs to get over 32 at a minimum and hold and the NQ over 5760 and hold to avoid another pullback of some sort

27 Jun 2017 09:53 am
especially the NQ, important area from overnight action also, 5760 area needs broken through and hold

27 Jun 2017 09:56 am
ES at resistance and 31-30.50 needs held or uptrend broken also. NQ still under pressure

27 Jun 2017 09:58 am
Econ data top of the hour and ES needs to break and hold above 32-33 while the NQ needs to hold under 5758 area

27 Jun 2017 09:59 am
consumer confidence top out

27 Jun 2017 10:03 am
32.25 updated resistance down to 30.75 new support and turned up again now needs to hold 31 or else early low not already in place as it should be

27 Jun 2017 10:03 am
a decent bounce is going to be sold anyhow today.. Maybe not much further up

27 Jun 2017 10:07 am
pullback started from around the 33.75 high on the open.. If broken then 34--35 area sshould be hard to get through and hold unless broken with gusto

27 Jun 2017 10:09 am
should be a top in place for a while and NQ also backing away from resistance

27 Jun 2017 10:12 am
bounces are going to have a hard time holding should give some more quick pullbacks like this last one even if an uptrend. Right now stays bearish under 33.75, the 31 updated support important to breakdown through and not turn right back up

27 Jun 2017 10:16 am
my internal gauges were at or close to extremes almost across-the-board, sentiment gets overly bullish on bounces, and bounces have not held. so still short on bounces stall or show rejection again at 33

27 Jun 2017 10:18 am
I need to be away for a while and hopefully back sometime around 11 AM. At the moment pop-ups are not sticking however needs to break back under 31 two break down again and choppy uptrend otherwise with shakeout's along the way

27 Jun 2017 11:11 am
my apologies for the time away this morning.. I see that the 31 level held and the ES just poked above yesterday's close twice and turning down,, also a minor//resistance, could be a decent pullback from up here

27 Jun 2017 11:15 am
37 high is just under the low end of the 37.25-37.50 low and of the range where the ES broke down late day yesterday.. In order to get back up there for a bit higher needs to hold 35 area now

27 Jun 2017 11:23 am
topping out up here. Also the Dow is an up sloping channel/wedge kind of pattern and pulling back should start to bring the ES down if i breaks 21,424-21,421 area.

27 Jun 2017 11:30 am
34.75 pullback low and could go down to 32.50 area if the ES goes through 34 and also doubt cash break 21,420

27 Jun 2017 11:33 am
should be a bounce high in place if going to be a lower high on this move and come back down through 35-34 towards the 32.50 area

27 Jun 2017 11:37 am
pattern being made would allow for one more little pop-up but should not be able to breakthrough and especially hold 37

27 Jun 2017 11:41 am
well,, could be a higher high on the ES and lower high on the Dow on this move but should not go above 38.50 and not turned right back down,, or else 40 area gets another try to break and not quickly reverse if it gets there

27 Jun 2017 11:42 am
ES needs to hold 35-34 area along with the Dow cash holdings around the 21,420-21,415 zone (lowest) in order to avoid reversal of uptrend off of the low – could be pivotal areas on both

27 Jun 2017 11:51 am
ES needs to do more than a token higher high at 37.50 area and turning down, but should hold 35-34 if there is another decent pullback from up here

27 Jun 2017 11:54 am
another quick hit of selling and should be a high in place and begin major pullback

27 Jun 2017 11:56 am
quick reversal from 37 double top so far holding that 34.75 prior pullback low,, and another pop-up should be sold into below 37

27 Jun 2017 12:01 pm
at the moment is range bound and needs to either break and hold under 34.75 or break and hold over 37. Not make token higher high or lower low and quickly turned the other way

27 Jun 2017 12:01 pm
after the lunch break the live session will begin around 1:15

27 Jun 2017 12:07 pm
move back down to 34.75 bid back up again, must continue holding around that or else breaks to the downside and 32.58 area important to hold is broken. A move oover 37 should test 38.50 area and possibly 40 before backing away again

27 Jun 2017 12:07 pm
I will be back with one more update before we meet online around 1:15.

27 Jun 2017 12:40 pm
another decent pullback with bounces continuing to fail and has to hold 31-30.50 area or else continue to breakdown and a lower low would meet up with 28 and a triple bottom possible but not all that likely – 24 possible further on breakdown

27 Jun 2017 12:43 pm
could be a decent low and bounce back towards 34 area again although maybe stop a little bit under that area

27 Jun 2017 12:47 pm
ES attempting to hold 31, but holding under 32.50 is keeping pressure on at the moment and won't see 34 area approach unless broken above were some gusto.

27 Jun 2017 12:52 pm
normally stalling at support should leave to a bounce of some sort and needs to get through 32.50 in order for any chance that 34 pivotal area

27 Jun 2017 12:53 pm
if a breakdown after a feeble bounce attempt fails then back to possibly make another low around 28 and possibly get moment at 24

27 Jun 2017 12:58 pm
31.50-32.50 area should be good bounce resistance that should be held under now in order to keep this going through 30 , instead of breaking and then testing/breaking 28 after that

27 Jun 2017 12:59 pm
I will meet you guys online around 1:15.. Must told that 30 level in order to attempt a bounce and avoid bigger breakdown

27 Jun 2017 01:16 pm
screen issue fixed 24 next

27 Jun 2017 02:59 pm
tthe ES that ES broke down through 28-27 and dropped down to the 20.50 support and bounced back to the 27-28 area again with a 27.50 bounce high so far. Must told 22.50 or else could continue back down towards the lows

27 Jun 2017 03:08 pm
rolled over and yet another failed rally like all of the others over the last several days at least – could go back to work through 20.50, either make a higher low, or breakdown further end of the day to the 17-16 area.. Should make higher low,

27 Jun 2017 03:21 pm
the pop-ups are still being sold into and as long as the ES does not get back above 27-28 then selling pressure should be on for the rest of the day would need to get over 27--28 with momentum and hold after breaking through, just to get into neutral

27 Jun 2017 03:22 pm
have a great rest of your day. I will meet you here tomorrow after I return from Dr. appointment and get a look at what has been going on. Take care!

27 Jun 2017 03:31 pm
with the NQ bubble bursting also,, and 123 top on daily chart of S&P 500 cash and ES, and again reversing with a VIX down at 9.80 again – this can last more than just a day or two. If short from higher up, might consider holding overnight

 

INTRADAY LOG FOR MONDAY - JUNE 26, 2017

26 Jun 2017 09:09 am
good morning. the ES is trading almost 7 points higher and needs to hold the top of the 4 day range 39-38 if there's going to be any more upside..

26 Jun 2017 09:13 am
the open over 39 should be sold and come down to fill the gap at 39. There was a gap open last Monday that kept on going, but better odds of pulling back today

26 Jun 2017 09:19 am
important area to get over and stay over would be the 43 level. If that is broken and still not turned down right away a rally could go until first 20-40 minutes

26 Jun 2017 09:29 am
pullback from around 43 needs to hold 41 or else go down to 39-38 or lower

26 Jun 2017 09:33 am
43.50 nneeds broken and held over 43 or else could reverse here

26 Jun 2017 09:37 am
could be a top for a while coming down through 42--41 and not bouncing with some gusto

26 Jun 2017 09:39 am
42.25 held so far uptrend stays in tact as long as 42 holds

26 Jun 2017 09:42 am
can be a pullback from around 45 but if not reverse their on up to 47.50-48.50 major bounce resistance before all-time high area not likely unless very strong day,, would not be able to stick most likely

26 Jun 2017 09:47 am
turning point in the first 20-40 minutes if there is going to be one. must hold around 45-44 worst case otherwise a high in for a while, or at least next bounce sold.

26 Jun 2017 09:48 am
looking a bit top-heavy and can come down to 45-44 at lowest and if broken been a high could be in and if not then a bounce that follows should be sold

26 Jun 2017 09:51 am
bounce from 45 needs to take out 47.50--48.50 on this move back up in order to avoid another pullback that could break that support

26 Jun 2017 09:59 am
the NQ should have a high in place and sold on a bounce under 5848-5850, not take up 58.50 high. The ES should have trouble getting through 47.50-48.50, or test the all-time high area or a little under for a bit over bbefore backing away

26 Jun 2017 10:02 am
10 AM top and any bounce now is a short below 47.50--48.50 and NQ could hold on with a stop just over 48--50 area most

26 Jun 2017 10:03 am
my bad,, on the NQ stop would be just over 43 area now at the highest.. Good breakdown there, ES should breakdown through 45-44 and hold to put more pressure on if point down to fill the gap 39

26 Jun 2017 10:07 am
ES bouncing from 44.75 again, a chance for a lower high and turned down for a 123 top and breakdown through 44-45

26 Jun 2017 10:08 am
the NQ much weaker and better short as should continue failing on bounces holding under 5835 at the highest right now

26 Jun 2017 10:11 am
still holding 44-45 at the moment, however it looks like there was maybe only a couple of trades made at the 47.50 resistance and high of the day before turning down.. Should be hard to get over.. Great move on NQ short and 5817 area to fil

26 Jun 2017 10:12 am
oonly partial profit, that bubble may have burst

26 Jun 2017 10:14 am
5819.75 low so far on the NQ,, could still can drop down to 17 or lower,, but stalling and that are two black in some profit now

26 Jun 2017 10:16 am
ES went into the 45-44 pullback support and turned up at 44.25, that is a maximum pullback area or else if the Dow breaks down under 21,484 then the ES could get some help question lower. Stills should be a short under 47.50 high at resistance

26 Jun 2017 10:19 am
ES could come down to the 43-42 area where the low was made and if no strong reversal back up from that area or above and bigger reversal possible and 39 possible

26 Jun 2017 10:23 am
45.50 resistance on the ES now that should be held below or a shot at testing or breaking the high. There needs to be a good bounce from this 43-42 area or else further breakdown towards 39

26 Jun 2017 10:28 am
backing away from 45.50 resistance aand should bounce from 44 and not go back under 43.50 or else bounces will continue to fail holding under 45.58 area down towards 39 a possibility if that happens

26 Jun 2017 10:32 am
44 held but need a move over 45.50 that is not turned right back down has a chance to test or break 47.50-48.50 resistance.. Back down to work through 44 then 42 opening low possible if 44 broken through by much without turning up

26 Jun 2017 10:37 am
the NQ build its gap at 5717 and bounced from 15.75 up to 27.50 and now a lower low.. As long as holding under 27.50 and not break/hold it stays in bearish position for much lower prices. ES going for 39-38

26 Jun 2017 10:40 am
41.50-42.25 should not be broken above and held now, bigger downtrend since 10 AM top at 47.50 resistance still intact otherwise

26 Jun 2017 10:43 am
37.25 reached and should be some sort of bounce attempt but needs to at least get over 41 and not turned right back down, 43.50-44.25 bounce resistance should not be broken/held or a low could be in

26 Jun 2017 10:48 am
so far 37 has been reached and that is the last hour high from Friday and a dynamic support, if not able oh for a while another push lower has 35 Friday close that must hold

26 Jun 2017 10:51 am
the bounce turned down from 39, which was the breakout area this morning. Needs to get back over 39 and hold as that could be similar to the break out above and back below 43 like last Monday

26 Jun 2017 10:58 am
holding under 39 area were all of the highs were made last week after Monday all-time high at 51.50 down to 28 support. Top of a 4 day range. held just above 35 Friday close,, needs to hold for a chance to get back to work through 39 anytime soon

26 Jun 2017 11:02 am
the ES could popover 39 but would need to be able to hold after a pullback in order to attempt to turn this back up from just above the Friday close and avoid another rollover

26 Jun 2017 11:03 am
stair stepping lower now,, old resistance was new support on the way up and now the opposite on the way down with bounces stopping at resistance in prior resistance on the way down – should continue

26 Jun 2017 11:06 am
gap days can be trend days and with the 10 AM reversal and it coming from resistance this could end up being a trend down mode at least until around noon or a little after, get a bounce of some sort and then lower again

26 Jun 2017 11:07 am
holding hundred 39 keeps it in bearish territory and bounces should not be able to hold – per yesterdays update

26 Jun 2017 11:11 am
this bounce should also fail at or below 38--39 and come back down to another lower low if this strong downtrend is going to continue instead of starting some sort of bounce attempt by taking 38-39 out

26 Jun 2017 11:21 am
in the update yesterday I noted that with the VIX going under 10 on Friday, that overly bullish sentiment can keep market from holding on bounces, and it dropped to 9.68 (second lowest level in several decades) at 10 AM, a move to 10.07--10.02 tha

26 Jun 2017 11:30 am
backing away a bit from 38.50 and unless the ES gets over 38.50-39 and is able to hold at or above there after that or else still could go back to test for break the low

26 Jun 2017 11:38 am
ES backed away from 38.50 resistance back down to 35.25 and it needs to take out 35--34 and not turn right back up again to get one more leg down,, otherwise has a chance for a move back up to//through 38-39

26 Jun 2017 11:43 am
a move over 38.50--39 that is not turned right back down. Keep going up to 41.50-42.50 and if that does not turn it down then 44--44.50

26 Jun 2017 11:44 am
should back away a bit from 40 area and then push higher again if 38.50 area can hold

26 Jun 2017 11:52 am
so far holding at 39 and needs to continue holding over 38.50 for a chance of a move to 40.50-41.50 where a pullback could come from. VIX back under 10

26 Jun 2017 11:56 am
could be another little breakdown with this stalling out and going down through 38.50 without an almost immediate turned back up

26 Jun 2017 12:00 pm
still holding 38.50 and turning up and has the 42-43 area to get to or through next.. Chance for a reversal around that area and may be a bit lower. 39-38.50 area pivotal now

26 Jun 2017 12:06 pm
this bounce should stop at or below the 42-43 area where the ES opened and breakdown from last week, shorts on bounces below that

26 Jun 2017 12:10 pm
has to breakthrough 39-38 and hold now to get a reversal back down again.. Could go up to test 40.50, if no rejection then a chance at going up to 42-43 but would not stick

26 Jun 2017 12:14 pm
pop-up should be sold into, currently stays bearish polling under 40.75 area

26 Jun 2017 12:17 pm
I will be away until around 1:10-1:15 PM for break and will update before then if I am free and an update is necessary.. currently some selling pressure holding below 39.50--40 maximum down to or through 36--35.58 area

26 Jun 2017 12:58 pm
held at the 38.25 level and just backed away from 41.50 which is 50% retracement from top to bottom and backed away quickly and should be a bounce high in place to test 38 area again if 39.50 broken

26 Jun 2017 01:06 pm
with the ES having a gap higher open and reversing 30 minutes in and from a major bounce resistance, this can turn into a bigger picture 123 kind of top on the daily chart..

26 Jun 2017 01:06 pm
could be an important top, especially with sentiment diving overly bullish on run ups. Strong internals 3 days in a row, those gauges should be at//near extremes across-the-board also

26 Jun 2017 01:08 pm
with the ES opening at the 42.50 level, right at the breakdown area from last week, it needs to close above 42.58 area, closing much below also be bearish pattern

26 Jun 2017 01:10 pm
went under 40 by 1 tick 3 times and quickly turned up all 3 times and with overhead limited another move down should breakthrough and put more pressure on the downside

26 Jun 2017 01:24 pm
NQ dropped 84 points and bounced back 38.25 points. The ES dropped 13.50 points and bounced 7.50 points. Both bounce highs (41.50 on ES, 5806.25 on the NQ) should be held under and breakdown under 38 on the ES for another little shakeout to occur.

26 Jun 2017 01:26 pm
off of the low at 34 there was a bounce high at 38.50 turned away around 11:30 and then after broken 38.25 has held at least 3 times. Breaking that area – led by NQ – can start any time

26 Jun 2017 01:29 pm
well, no breakdown yet and both the ES and the Dow cash have been sideways starting around 11:45 AM. Could be one more pop-up with this holding the bottom of the sideways move, minor resistance at 40 level

26 Jun 2017 01:36 pm
trying to run up but stopped in its tracks and turned right back down at 40 and holding under that area should keep pressure on to test or break under 38 area maybe through that zone

26 Jun 2017 01:43 pm
sstill not able to get over 40 and hold leaving this vulnerable for a breakdown under 38.25 area

26 Jun 2017 01:44 pm
just be sure with a stop just over 44 a potential breakdown

26 Jun 2017 01:48 pm
beware of minor support around 36.75 in case there is a poke under 38 area, a chance for a bounce off of that.

26 Jun 2017 01:55 pm
quick turned up from 38.25 which is the fourth time holding 38.50-38.25 starting around 12:15 – still needs to get above 40 to avoid breaking through that support

26 Jun 2017 02:02 pm
another failure to clear the 40 leveland be able to hold and should come back down to finally break 38.25

26 Jun 2017 02:07 pm
there will need to be a breakout above 40 that holds or below 38.25 that hold in order to attempt breaking out of this range – 36.50 minor support if 38.25 broken through, 41.50 minor resistance if 40 gets broken through

26 Jun 2017 02:09 pm
away for about 10 minutes or so.. I will update right after.the NQ could be a better short with its bounces failing now again

26 Jun 2017 02:13 pm
breakdown better on the NQ, but just to the 37.50 level and turning up and a move back over 40 could get some short covering going if taken out and not quickly reversed like at the downside here

26 Jun 2017 02:25 pm
ES breaking down,, the Dow cash near the bottom of its sideways range.. That gets broken if 21,426-423 area broken through also really puts pressure on

26 Jun 2017 02:33 pm
attempting a turnaround in the 2:20--:240 time frame needs to make a higher high above 40, as lower highs and lower lows since turning down from 41.50 bounce high so far.. Still needs to get over 40 in order to attempt another run up of some sor

26 Jun 2017 02:38 pm
39.25 bounce high holding under the 40 level and market stays a bit vulnerable unless 40 is broken, and not turned right back down again.

26 Jun 2017 02:47 pm
40 being rejected again,, needs to be only a small pullback and then gets above that level and hold. Otherwise,, late day pullback could began

26 Jun 2017 02:49 pm
getting about 40 and then keep going to the 42--43 area where the ES opening range was this morning, and breakout area from last week.. Still needs to take out 40//hold or else late day pullback

26 Jun 2017 02:50 pm
in order to get above 40 the ES needs to hold 39--38.50 at the very lowest as uptrend support now

26 Jun 2017 02:55 pm
needs to get over 40 and hold over 40 soon or start to drop from here stalling out this long–

26 Jun 2017 02:58 pm
keep an eye on the Dow cash to get over 21,444 and the ES over 40 and the NQ above 5794 to get all of the averages above resistance areas that made them vulnerable still unless broken through//hheld

26 Jun 2017 03:01 pm
pop-up holding under resistance on all 3 averages keeping pressure on the downside still. This will ccontinue holding under 40

26 Jun 2017 03:06 pm
Spike down to the 37.50 level and the bottom of this sideways action, avoidance trouble as long as that area holds,, and gets more upside if 40 broken//held this time. 41.50 and then 43 in case of a run up, 43 the key resistance above

26 Jun 2017 03:16 pm
needs to hold above 40--39 area and quickly turned up or else just a fake out and coming back down towards 37.50 or lower

26 Jun 2017 03:23 pm
the market is trying to hold up, but needs the Dow to breakout of its sideways action and breakout over 21,450. ES will stay under pressure and less that and 40 both broken//held

26 Jun 2017 03:31 pm
needs to continue holding the 37.50-37.25 area on the ES an 21,525 on the Dow cash, bottom of its sideways range.. Has to be broken end of day for a breakdown to occur.. Going over 40/sticking for a breakout higher

26 Jun 2017 03:34 pm
that is about it. still in this range, if there's going to be a break of it today, it would likely be to the down side.. Range is 337.50--37.25 on bottom up to to 40-40.50 on top. Better odds for a breakdown

26 Jun 2017 03:36 pm
have a great rest of your day. take care!

 

INTRADAY LOG FOR FRIDAY - JUNE 23, 2017

23 Jun 2017 09:20 am
a pop-up is already failing and should hold under 34.50 area to keep pressure on

23 Jun 2017 09:25 am
is should be in early trouble unless it gets over 34.50-35

23 Jun 2017 09:30 am
should keep going and test or break 30.50

23 Jun 2017 09:33 am
so far trying to bounce from yesterday's close but has to at least get over 32.50 four pressure still on to break below

23 Jun 2017 09:34 am
the weak Dow has broken down and would need a good reversal for that to try turning around and it would be a drag on the ES so stay with shorts

23 Jun 2017 09:37 am
ttrying to bounce from 30.50 but 32--32.50 needs taken out on the upside with gusto or else 28--27 or lower

23 Jun 2017 09:41 am
the weekly low at 28 and needs to hold above that and have good bounce at least get above 32.50 was some gusto and be able to hold on a dip after that

23 Jun 2017 09:43 am
headed to 28 area still holding under 31 at the highest right now

23 Jun 2017 09:45 am
including the Globex sessions the 28th double is very important support that has already been tested twice,, a break under that would need to get quickly turned up or else bigger breakdown

23 Jun 2017 09:46 am
28.25 low so far and could be a bottom now if this gets back over 30.50 and is able to hold that level on a dip after that..

23 Jun 2017 09:50 am
bounce off of what is a short-term major area at 28 but has to go over 30.50 and hold,, not yet turned back down from that area or else 28 could be tested again or broken

23 Jun 2017 09:54 am
still a very complacent market, with the Dow breaking down any kind of decent bounce no bounce unless 30.50 broken/held and a chance for a breakdown is 28 reached again

23 Jun 2017 09:58 am
rollover from 30.75 to a higher low at 29 and turned up and should be a low but really needs to get over 30.50 and hold around their after for a better run up, but sold on a decent bounce

23 Jun 2017 10:00 am
123 bottom and run up needs to keep going above 32.50 and not be rejected to keep upside going to war through 34.50 key area early resistance

23 Jun 2017 10:03 am
stopped just under 32.50 and needs to hold around the 30.50-30 or else keep going down to or through 29-28 lows

23 Jun 2017 10:07 am
31 held on dip but still needs a move over 32.50 and stick or is still vulnerable for another ppullback and must told 31 area to keep uptrend from below from breaking also

23 Jun 2017 10:08 am
can be coming back down towards 29-28 and even a chance of breaking if it goes back under 30.50 and not show any sign of bouncing

23 Jun 2017 10:12 am
31 turning into a important pivotal uptrend support and now a move over 32.50 needed to avoid another pullback and try for 34.50 area next

23 Jun 2017 10:16 am
33 so far and with Dow bounce stalling and ES doing the same a pullback from here like late and could take out 31

23 Jun 2017 10:18 am
a pop-up should fail and come back down to or through the 31--30 area again

23 Jun 2017 10:23 am
holding 31 again, and with that pivotal area holding a sigh and time after making a bottom at 28 major support,, should push through 32.50 and try for 34.50. Otherwise,, buyer boycott here and come back down but should hold 31

23 Jun 2017 10:26 am
32.50 broken and should keep on going towards 34.50 as long as only a tiny pullback holding 32.50-32 at lowest

23 Jun 2017 10:29 am
hhas to get over 34.50 on this move or else have another pullback which should be a decent sized one if 32 is broken through and held

23 Jun 2017 10:33 am
held just over 32.50 34.50 broken and that keeps this uptrend intact with all of the prior bounce highs turning into new support on the way up and 33-32.50 needs held still

23 Jun 2017 10:34 am
36 some resistance as a breakdown area yesterday late in the day to watch for pullback of some sort

23 Jun 2017 10:37 am
need to hold around 34.50--34 at the lowest or else 36 could be a high for a while at least.. If broken through then 38-39 which was rejected 3 times yesterday

23 Jun 2017 10:46 am
and if 36-35.50 is not broken first a chance of getting to 38-39 major area that needs cleared and held to avoid a reversal of some sort up here

23 Jun 2017 10:52 am
no fear as the VIX dropped about 5% from a high at 9:45 to a low at 10.14 a minutes ago, euphoric like. anyhow, "inside day" on ES yesterday and "outside day" if this can get over 40-40.50 resistance and highs last 2 days

23 Jun 2017 10:55 am
from the e-book the ES has been following the EMA on the 1 minute chart sense getting back above and holding at 10:23 and currently at the EMA's and needs to hold and turned up here

23 Jun 2017 10:57 am
if the ES goes back hundred 36 and not able to turn right back up again,, then this top just under 38-39 may not be reached for a while and deeper pullback likely underway

23 Jun 2017 10:59 am
rolling over and minor at 35.25 area and then 34.50-33.50 needs a good bounce to avoid bigger breakdown from the high

23 Jun 2017 11:05 am
can get a bounce from 36-35.25 or a bit higher, but could try taking out the high and then 38-39 is next but should have trouble taking out 40-40.50 so beware of another pop-up to that area for target and potential reversal if not a lower high and t

23 Jun 2017 11:05 am
held right at the 36 new support so no damage done as long as that is able to hold for now..

23 Jun 2017 11:12 am
lower high rejected for a potential 123 top this time and down under 36 and not turned right back up to break the current uptrend

23 Jun 2017 11:23 am
this kind of pattern normally gets a rebound if it just holds at or around 35-34.50 and then turns up from that area if it goes there and no sign of a turn, then no run up yet and 33 a possibility than

23 Jun 2017 11:25 am
well getting the bounce on the stall and should stop again at or below the high, and then needs to hold 35.50 for higher after small pullback to keep going through possibly getting to or through 40-40.50

23 Jun 2017 11:31 am
ES has been going sideways with highs that 37.50--37.25 (just under 38-39 resistance) and at 36-35.50. getting top-heavy and breaking 36-35.50 should mean a high in place for a while

23 Jun 2017 11:33 am
a short on a bounce was stopped at or below the 38-39 resistance zone– market so very complacent, a reversal by the VIX for a sell signal

23 Jun 2017 11:36 am
50 minutes trading between 35.50 and 37.50 and a breakout probably won't go real far before coming back up again if it's on the downside, but not hold on the bounce.. A breakout on the upside has to get through 39 and especially 40-40.50 – the wee

23 Jun 2017 11:38 am
holding below 2443 prior all-time high am breakout area on Monday that was promptly reversed and held under as new resistance after that before question on lower..

23 Jun 2017 11:48 am
needs to be a bounce from 35.50-35 area and the NQ from 5790-5788 area or else they may be going too far and a bounce after that would need to have pretty good momentum to try going back up to the highs or higher at resistance.

23 Jun 2017 11:51 am
NQ popped up from its 90-88 support for some just so while the ES currently just sitting here and should start moving higher soon if it's going to go back up to 37--37.50 high area or higher to 39 or more

23 Jun 2017 11:53 am
a pullback should hold 35.54 above on a pullback and the NQ well above its 5790 new support to keep the upside going.. Another pullback should be bought– 40-40.50 is a possibility on a push to 39 and not reverse back under 37.50

23 Jun 2017 12:01 pm
rejection of the 37.25 lower high level and still needs to hold 36 area and not come down through 35.50 four another push higher possibly finally break the highs

23 Jun 2017 12:05 pm
the ES bouncing right back after pulling back to 36.25 and should Kenyan to hold over 35.58 area or else could be losing its "trend up" underlying bid and not keep on going up through 38.50-39 and try for the 40-40.50 area and possibly even 43 majo

23 Jun 2017 12:09 pm
could be making another 123 top, although may not go very far like the last one as it would need to drop down through the 35.50 pullback low area and get momentum instead of turning right back up again

23 Jun 2017 12:10 pm
the VIX just dropped under 10 for the first time in a while with absolutely no fear at all of a pullback let alone a decent drop or selloff. Beware of another pop-up to fail also

23 Jun 2017 12:22 pm
pullbacks are holding 36.25 level and 36.25--35.50 area will need to continue to hold while the NQ purchase higher in order to avoid a break back down towards 33 area,, really should not go down there but keep moving higher and eventually ge

23 Jun 2017 12:28 pm
target/resistance up at 38.50--39 double top from yesterday needs to be broken through as this keeps going higher or else coming back down below 37 and not turning right back up could break uptrend.

23 Jun 2017 12:33 pm
this has mostly been a trend up move since reversing and then making a 123 bottom @28.25 support and then turning up from 29 higher low. After "inside day" yesterday still can have and "outside day" by taking out 40 is all that is needed. Howev

23 Jun 2017 12:33 pm
I will be away until around 1:20 PM but will update before then if it is possible and I am free

23 Jun 2017 12:52 pm
the ES just made it to 38.75 and almost top of the resistance down and now needs to hold 37.50-37 at the lowest or else could breakdown to work through the 36.25--35.50 key uptrend support. Must told there and turned up to avoid breaking trend up

23 Jun 2017 01:09 pm
the ES broke 37.50 and got some momentum to the 36.25-35.50 area and should break through as another pop- up should be sold under the high and come back down to work through this area if not broken on this move soon

23 Jun 2017 01:11 pm
it came down with too much momentum, and the Dow made a double top and turned down and broke its 35.50 equivalent low on the ES.. should bounce but highs should be in on a hold under 37.50 new bounce resistance

23 Jun 2017 01:21 pm
still needs to break under 36-35.50 to get a move back down. That is about 1/4 of the way down from bottom to top, pullback low, and 60 EMA. must hold, not be broken/held or else back to 33.50-33 area. However still holding and going through 38-39

23 Jun 2017 01:22 pm
sstill need about 10 minutes and will be back to update then

23 Jun 2017 01:27 pm
rolling over from just under 37.50 and needs to cut through the 35.50 level in order to have a breakdown attempt

23 Jun 2017 01:32 pm
pretty good bounce and defending the 36.25--35.50 zone and should continue being bought at or above for the ES to have any chance of going back up to or through the 38.50-39 resistance and possibly on up to 40.50 if run up has momentum throu

23 Jun 2017 01:38 pm
should keep pushing up to or through the high and not get turned back down from a lower high and come back down under 35.54 else breakdown. However strong market all day and should try for the 40.50 area eventually if no reversal up here

23 Jun 2017 01:44 pm
should test or break 38.50-39 but needs to avoid reversing there, but need to keep going taking out 40.50 and then only a small pullback after and get over 43 the key area for the week..

23 Jun 2017 01:50 pm
all of these small little pullbacks are being bought and should keep on going like this up to work through the highs

23 Jun 2017 01:54 pm
pullbacks sure rollover 37.50-37 at the lowest in order to keep pushing to work through 39 and continue and attempt up to 40-40.50 – should have some trouble there but if not 42.50--43.50 major pivotal bounce resistance for the bigger picture up

23 Jun 2017 01:59 pm
after turning up from the 28.25-29.00 123 /double bottom just 2 pullbacks of 2.00 and 3.00 points and if there is a pullback that goes more than 2-3 points it will break upside symmetry, and also comes back down 35.75 at the lowest, at the

23 Jun 2017 02:01 pm
in order to keep this in a strong trend up move and not have a 2-3 point pullback the ES should turn up from 27 or higher, or could then continue down to 35.75 area which must hold or else reversion and breaking down

23 Jun 2017 02:06 pm
Spike high at 10.69 on the VIX turned down at 9:45 AM and has been in a steady downtrend all the market in an uptrend and now VIX reached 9.85, down 6% from its close yesterday. getting very stretched overly bullish,– don't be surprised if that is a

23 Jun 2017 02:12 pm
if not a double top at resistance that sticks, then there is not much more to go on the upside before some sort of decent pullback begins. May be on hold until next week. ccould still be a trend up move unless a pullback more than 2-3 points.

23 Jun 2017 02:16 pm
1.75 point pullback so far, and 36.75-35.75 needs held or there could be a breakdown from this double top, not a slow-motion mode as it possible that there is a quick move like yesterday,, although doubtful

23 Jun 2017 02:23 pm
about two breakdown on this move under 35.50 and even not things have changed and they should be a top that last for a while

23 Jun 2017 02:24 pm
you can short all bounces as the high should not be taken out now.. Should stay under 37.50 and not really get back near there now

23 Jun 2017 02:26 pm
on a move under 35.50 area that does not get quickly turned up especially, and the if Dow gets some downside momentum also. But bounces should fail now holding under 37.50

23 Jun 2017 02:31 pm
at the 36.25-335.50 area and if there's going to be a bounce attempt it must come from here, not hold under 37 and break through 35.50 wwhich it should for this breakdown to occur

23 Jun 2017 02:33 pm
touched 35.50 and quickly turned up, and must continue holding that level and get back over 37--37.50 and then only a small pullback for an attempt at another run up towards the highs,, likely lower high

23 Jun 2017 02:39 pm
pop-up off of support stopped right at 37 and backed away, has to get over 37.50 and then only a small pullback after or could still breakdown through 35.50 area

23 Jun 2017 02:41 pm
if a breakdown get some momentum than 33-32 is next..ES settled there last week and has a habit of closing around that area lately

23 Jun 2017 02:42 pm
also were buying spurt gap momentum at 10:30 AM

23 Jun 2017 02:44 pm
the VIX has reversed up from its 9.85 low,, way down there and this reversal is bearish for the ES also– 33 or lower possible here

23 Jun 2017 02:49 pm
34.75 reached so far and another pop-up would need to be strong enough to get back above 36-3737 in order to get back into top end of the prior trading range. A hold under 36-37 should keep pressure on, another push lower uunless broken and not tur

23 Jun 2017 02:56 pm
still is a feeble bounce so far,, and needs to hold 35.50 again and turned up or else heading back down today lower pullbacks low instead of going up to work through 37

23 Jun 2017 02:58 pm
should be heading down to the 33-32 area if this keeps going down through the 34.51 double here and maybe farther than that

23 Jun 2017 03:01 pm
I kind of doubt that it happens today but not impossible for the ES to make a complete reversal after the topping out and breaking down and go all the way to 31, possibly 28.. as to get over 36 prior support/hold or 33-32 at least possible

23 Jun 2017 03:04 pm
32 just reached and this is a key area for the ES to hold around or else finished the week by testing or breaking down through the 28 major area below here

23 Jun 2017 03:10 pm
a bounce should not make it back up to the 34.50 area and be able to hold, or else a chance for a run up to or through the 35.50-36 area which should be important bounce resistance now to keep pressure on.. Last power could be volatile with Russel

23 Jun 2017 03:15 pm
so far just a feeble bounce turning down at 33.75 and needs to stay under 34 in order to keep pressure on for a potential break of the key 32 area and potential of a drop towards 28 or more

23 Jun 2017 03:19 pm
trying to hold here and could get a little run up before coming back down again,

23 Jun 2017 03:23 pm
twice turned away at 33.75 and will need to hold 32 area and bounce back up to or through 34.50 and order to attempt a late day turnaround.. Heading towards 28 area otherwise on a breakdown here

23 Jun 2017 03:29 pm
if this goes down to the 28 level again,, chances are better for it to break through this time.. Double bottoms normal but triple bottoms not all that common as a good low

23 Jun 2017 03:31 pm
in the last 30 minutes the ES needs to turn around their from 31 and hold above the 28th level, have enough gusto to get back above 32 and hold.. A chance of a decent bounce only if 34 broken/held after that

23 Jun 2017 03:32 pm
have a great weekend! I will send an update on Sunday, and then meet you get on Monday morning. until then,, take care!

23 Jun 2017 03:35 pm
it looks like eight 3:30 PM reversal, should hold that 31 low and not see 28 today, unless selling comes in around 33.50 or lower and there is one more push lower through 31. Take care

 

INTRADAY LOG FOR THURSDAY - JUNE 22, 2017

22 Jun 2017 09:05 am
good morning. It looks like 30.50 should be tested were broken early and bounces should fail – any kind of early bounce should turn down from 34 area, not break and hold over that, or else 35.50

22 Jun 2017 09:17 am
must run up from 31-30 area and get above 34 and hold, otherwise could go retest or break 28-27 which held yesterday.. might keep an eye on the Dow and its double bottom at 21,393 and NQ finished and parabolic run up, should be weaker today

22 Jun 2017 09:18 am
I will update a little after the opening and then meet you online around 10:30

22 Jun 2017 09:25 am
should not go down to 40.50 or else bounces are failing and another one after likely would also. However market oversold or very close and should have a bullish bias today

22 Jun 2017 09:28 am
if not and internals are poor again, which won't happen if the market does not have a decent drop.. If internals are flat or positive, once again bouncing just before getting across-the-board extremes

22 Jun 2017 09:32 am
has to break and hold 34 or else pullback selloff if goes down through 32 and that turned right back up

22 Jun 2017 09:38 am
backed off from 34 and broke 30.50 barely, but still pressure on holding under 32

22 Jun 2017 09:39 am
parabolic run up on the NQ dropped down to what should be some support around 5775-5774 now and must not go back under and hold or bigger drop their

22 Jun 2017 09:42 am
bouncing off of 30 and needs to hold under 32 area and take out 30 and not turned right back up if going to test or break yesterdays low,

22 Jun 2017 09:45 am
so far the Dow cash also holding a 21,394 and has a quadruple bottom that must told now aand get over 423 on the upside and hold

22 Jun 2017 09:46 am
a and not breakdownas to get over 32 and hold on this move for a chance at the 334 high. I will meet you online around 10:30

22 Jun 2017 10:20 am
I have had an unexpected arrival and will need to start live session later than expected I will let you know when to log in

22 Jun 2017 10:28 am
For now all bounces should fail again and 33-34, breakdown under 30.50-30 all although may not down there for very long unless 28 broken and turned right back up

22 Jun 2017 10:44 am
log in in about 5 minutes or so

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22 Jun 2017 12:00 pm
the ES was able to bounce from 30.50 up through 34 prior resistance on the way to top at 38.50 and now pullback just turned up from 35.75 prior resistance and needs to take out 37.50 and not turned right back down for a 1-2-3.. Must continue h

22 Jun 2017 12:05 pm
a lower high at 38 rejected and 36-35.50 should be a pivotal support area the rest of the afternoon, and will need to hold above or else a reversal of some sort to test or break 34-33

22 Jun 2017 12:09 pm
could be breaking down from 123 top and especially going through

22 Jun 2017 12:10 pm
35.50

22 Jun 2017 12:18 pm
there could be a bounce began at 34.50-34 area but needs to take out the double top on a run up for another pullback to be bought.

22 Jun 2017 12:20 pm
I will be on break until around 1:15 PM but will update before then if possible and necessary.– still a chance to bounce from 34 area but would need to go back over 35.50-36 and not turned down right away again

22 Jun 2017 01:14 pm
the ES just made a token hire high and is backing off kind of hard and breaking under 37 and not turning right back up would put some pressure on back to 35.50 that must hold

22 Jun 2017 01:18 pm
the Dow has not been keeping up with the ES today and it has been all week and right now it needs to hold at 21,423 which was also a high area where it broke out from at 10:45 AM. Makes holding 37 area you then more important than it looks

22 Jun 2017 01:24 pm
37 broken and needs to hold under 38 at the highest now to keep in a current downtrend heading towards 35.50--35 key area now

22 Jun 2017 01:35 pm
the ES and the NQ and the Dow are going sideways in bigger uptrends and could make another move up towards the high or higher high income back down again like the last two token hire highs

22 Jun 2017 01:44 pm
with the ES going sideways it needs to either drop below 36.50 and not turned right back up, or gets above 38.25 and not turned right back down. 38.25 only broken for a short while and held under since then, more important as this has a top in p

22 Jun 2017 01:47 pm
the Dow has been going sideways between 440 on the top and 423 on the bottom and that tight range being broken out of/held could give the ES a decent move with it,

22 Jun 2017 01:56 pm
the Dow cash at 440 and a move higher there needed to help keep the ES from breaking down under 36.50 potential breakdown area for now at least

22 Jun 2017 02:06 pm
the Dow has been stopped at 440 almost 20 minutes and the ES should make a move pretty soon and must pop-up over 38 and stay there or else could rollover instead

22 Jun 2017 02:08 pm
now that the ES just broke out over 440 and is the low of this 5 minute bar it will need to hold that level or else there will be a reversal of some sort rather than going to a new high

22 Jun 2017 02:11 pm
reversal and any kind of bounce should be sold now as it will not be able to stick

22 Jun 2017 02:14 pm
38.50 or a little lower should be sold although still needs to under the 37 area now in order to have a breakdown of some sort, holding that level allows another pop-up

22 Jun 2017 02:19 pm
this could be another top and potential breakdown or just another top in a sideways range but if 37 is broken then bounces should fail after that,, a move could be quick on the downside

22 Jun 2017 02:21 pm
the Dow popped up and turned back down in the same with the NQ,, and it looks like upside limited from here and could go back down under 37-36.50 and keep going through 34

22 Jun 2017 02:27 pm
the 36.25 was reached so far and could go back down to work through holding unde 37.50 area

22 Jun 2017 02:35 pm
37.50 turning now into resistance on bounced attempts and needs to hold under to have pressure on to break 36 and maybe the key 35 area

22 Jun 2017 02:37 pm
again keep your eye on the Dow cash at the 432 level and then especially 423 below that,

22 Jun 2017 02:46 pm
very slow moving the market and holding 36 should keep this from breaking down – just now popped up from there and needs to hold that support on a dip

22 Jun 2017 02:51 pm
if this pop-up to 37.50 does not hold above 36.25 and turned back up but breaks instead then a bounce that follows should fail but a bounce from above that support might have a chance to go for the high, although a lower high most likely

22 Jun 2017 02:59 pm
another pullback in this sideways action holding the 36.25 level and turning back up, and still as long as that is not broken below and then held after that, market stays strong

22 Jun 2017 03:09 pm
look for a move up to a token higher high to be sold into.. If so then pullback need to hold 38 area after that to continue upside and not come back down to work through at least 6.50

22 Jun 2017 03:16 pm
a rejection of the 38.50 again and now there are 3 tops at 38.50-39.00 to get through for a chance at the 40-40.50 resistance and token higher high – otherwise breakdown on a move back under 36 area and not turned right back up again but get momen

22 Jun 2017 03:24 pm
this can continue this sideways action as long as the ES doesn't break 36 on the downside without turning right back up, and 38.50-39 on the top side without turning right back down from around 40-40.50. Bounces not sticking lately and triple top ti

22 Jun 2017 03:26 pm
it looks like pressure will stay on if the ES holds under 37--37.50 at the highest and breaking down through 36 has a decent shot, although may not stay there very long and less downside gets momentum in the last 35 minutes

22 Jun 2017 03:32 pm
the ES almost to the 36 level and 35 would be next and if that is broken and then a bounce attempt at the end of the day should not be able to hold,, downside could get momentum if Dow continues to drop was some momentum also

22 Jun 2017 03:36 pm
if a break under 35 not turned right back up then downside momentum could pick up a bit and especially with the Dow continuing its selloff. A chance of going down towards 33 or more before end of day if this continues

22 Jun 2017 03:38 pm
right now the ES is bouncing from the 35.25 level trying to avoid a bigger drop late in the day.. Important to hold or else a chance of a drop down to 33.50--32.50 or more

22 Jun 2017 03:39 pm
stay with the short side at the end of the day as bounces likely not going to stick and this could keep on going. And any case,, have a great rest of your day!!

22 Jun 2017 03:43 pm
the ES just broke down through the unchanged level and would need to bounce back from 33-32 or else a shot at continuing on down towards 28--27 which is now a major area. Take care!

 

INTRADAY LOG FOR WEDNESDAY - JUNE 21, 2017

21 Jun 2017 08:57 am
headed for 32.50 at least here and then possibly a bounce but likely just gets washed into the close if of bounce attempt from that area

21 Jun 2017 09:15 am
good morning. The ES needs to get over 40.50 and then hold on a small pullback to possibly be out of trouble and avoid a move down to 36 at least and 33-32 next if unable to hold

21 Jun 2017 09:18 am
not expecting bounces to be able to stick and less there is a good run up over 42-43 that can hold up there. I will update a little bit after the open and then meet you online around 10:30

21 Jun 2017 09:34 am
ES has to get over 38.50 and keep on going over 40 to avoid bigger pullback this morning and minor support around 36 were a bounce needs to come from to avoid test of yesterday's low or more

21 Jun 2017 09:38 am
there could be a higher low gets turned up but still needs to get over 38.50 and order to get some sort of run up attempt

21 Jun 2017 09:40 am
reverse from a higher low but another push lower if a hold under 38-38.50

21 Jun 2017 09:41 am
bounces still failing and either should go down to yesterdays lows or else go up above 38.58 area, and further weakness most likely. Meet you online around 10:30

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

21 Jun 2017 12:05 pm
just made a top and could go to 32.50 key support if a hold under 34.50

21 Jun 2017 12:13 pm
the ES made a double bottom at this 34.50 and the run-up stopped at 40 and just under 40.50 resistance and reversed back down through 32.50 and filled the gap before turning up holding 32.50 before running up here, needs a hold over 34 to avoid

21 Jun 2017 12:15 pm
Brolin over again and could take out 34 and if so fail after another bounce and move back down towards 32.50 area again

21 Jun 2017 12:20 pm
33-32 is target/ssupport that must told and get a bounce to the lows

21 Jun 2017 12:25 pm
the ES turned up from 33.25 and still needs to get back above 36-36.50 new resistance in order to try for the 38.50 key area before the 40.50 high area

21 Jun 2017 12:29 pm
I will return from break around 1:20 PM bbut will update before then if possible.. It looks like we have had our early selling and a decent pullback bought so now we should continue two-sided action and must hold 33.25

21 Jun 2017 01:01 pm
this is late but 28-27 should be tested or broken holding under 33 maximum

21 Jun 2017 01:13 pm
about two breakdown and 02 28--27 or more before another bounce attempt possible

21 Jun 2017 01:23 pm
token lower low quickly turned up, while the Dow cash made a double bottom so far.. This bounce needs to get above 33-33.50 and hold or else another move lower

21 Jun 2017 01:33 pm
bouncing from a double bottom on the Dow and about the same on the ES, however in this two-sided action the move should not be able to hold,, still needs to get over 33.25 and stick

21 Jun 2017 01:36 pm
if the ES cannot get over 33.25 then it could roll over and go back down to four through the lows once again. Keep an eye on the Dow cash again,, it must told double bottom of around 407-406

21 Jun 2017 01:38 pm
I need to be away about 10 minutes or so.. Market stays vulnerable unless 33.25 broken//held after that

21 Jun 2017 01:49 pm
has rolled over and 28-27 should be in the cards

21 Jun 2017 01:51 pm
the Dow is on the verge of breaking down like yesterday and this could keep going if 30 is broken

21 Jun 2017 01:55 pm
the ES spike down to 28 support and still can go lower as pressure will stay on and less back above 30.50-31 area

21 Jun 2017 02:01 pm
bounce off of the 28 support has to get over 30.50 area at a minimum and be able to hold or else downtrend still in tact and test or break the low end a trend down kind of move off the top

21 Jun 2017 02:14 pm
bouncing back from the 28 support still needs to get back above 30.50 area, and especially above 33 and not get turned right back down from there to have a low in place,, at least for a while

21 Jun 2017 02:20 pm
the ES made it through 30.25 and now must not go back below and hold again or else another trip down to test or break 28 area

21 Jun 2017 02:37 pm
the ES went under 30.25 but held above the low and turned up and should be a low in place now at the 28 support and only day bounce underway, although it may not be able to stick today. Has to get over 33 area where last swing high and 60 EMA ar

21 Jun 2017 02:38 pm
small pullbacks should be but now with this last hour rally underway

21 Jun 2017 02:50 pm
in order to keep a good uptrend and not have another pullback then needs to hold 33 area and get through the 36 key area above

21 Jun 2017 02:53 pm
we had a choppy trend down move until getting to the 2428 support and turning back up with some gusto at 2:30 PM. However all bounces have failed today, pullback likely before another bounce and 33-32 support//target unless another push higher thro

21 Jun 2017 02:55 pm
failure and should begin a pullback to or through 33-32 area

21 Jun 2017 02:59 pm
if there is a move back down to the 33--32 area and no bounce, then 30.50 area needs to/should hold

21 Jun 2017 03:03 pm
pullback turned up from 32.75 support sold into and 30.50 area is the key support now to hold and bounced from to avoid bigger drop as all bounces continue failing

21 Jun 2017 03:05 pm
32 reached so far and even if a pop-up it should be sold into again and come down to or through 30.58 area

21 Jun 2017 03:12 pm
with this holding at the 32 level,, it is keeping the market from breaking down at the moment anyway..needs a move above 34.50 and keep on pushing higher through 36, otherwise come back down and break under 32 and reach 30.50 or more instead of l

21 Jun 2017 03:15 pm
ES has kind of stairstep higher off of the 28 support,, and if 32 is broken then the pattern will break and the ES go back to or under 30.50

21 Jun 2017 03:20 pm
in the last 40 minutes the ES is going to need to continue holding over the 32 area or else come back down to the 30.58 area at least. If this can make another push higher through 34-34.50 and not reverse then on up to 36-36.50, possibly 38 are

21 Jun 2017 03:34 pm
is getting started holding under 34 keeping the pressure on and would need to be cleared to avoid backing down

21 Jun 2017 03:35 pm
30.50 area needs to hold on this or it could head back down towards the lows. have a great rest of your day. I will meet you here tomorrow morning with a quick comment before the open.. Take care!

 

INTRADAY LOG FOR TUESDAY - JUNE 20, 2017

20 Jun 2017 09:07 am
Good morning. this lower open needs to hold around 44 in order to keep the uptrend from yesterday.

20 Jun 2017 09:08 am
NOTE: due to a dentist appointment this morning I need to leave around 11:15 AM so there will not be a live session this morning, my apologies.

20 Jun 2017 09:11 am
I will be away from around 11:15 until around 1:30 PM and will update as soon as I return after that. And will update until around 11:15 then get ready to leave.

20 Jun 2017 09:15 am
the ES needs to hold the 45 or else could go to the 43 area where there was a pause before breaking out and running right up to 48.50 and then 50 after that

20 Jun 2017 09:25 am
bouncing from 1 tick under support before the open here,, and should not go back down to work through 45 area or else bounces fail likely and probably not get over 48.50 or especially 50 and stick

20 Jun 2017 09:27 am
update about 5 minutes or so after the open

20 Jun 2017 09:33 am
broke through 45 and good bounce but bearish unless 46 broken and then held

20 Jun 2017 09:36 am
should go to the 43-42 area

20 Jun 2017 09:36 am
holding under 44.50-45 area on a bounce attempt is bearish headed to at least 43-42

20 Jun 2017 09:40 am
has to get up through 45-45.50 prior support and hold over 45 after that in order to avoid another push lower and instead get a move going on the upside

20 Jun 2017 09:45 am
must bounce from 44.50 with gusto over 46.50 and hold or else headed lower towards 43--42

20 Jun 2017 09:50 am
if a bounce from 43-42 it will need to get over 45 and hold in order to attempt a turn around or else head for next support around 38.50

20 Jun 2017 09:54 am
bouncing from 43 support and has to clear 44.50-45 and hold or else still under pressure to go back down again

20 Jun 2017 09:58 am
going under 42.25 low at bottom of support area bbut could still break as long as holding under 44.50-45 new resistance

20 Jun 2017 10:02 am
so far this move has been steady on the downside and another small bounce should fail around 42.50-43 area and not break and hold above that for this to continue pushing lower to 38.50 or more

20 Jun 2017 10:09 am
has to get back above 43 and be able to hold at 42.50 and turn back up for a low to be in place. might keep your eye on the Dow cash and 21,520 area there for resistance also

20 Jun 2017 10:11 am
can start another pullback holding under 44-44.50

20 Jun 2017 10:13 am
rolling over of that am must bounce off of 42.58 area over 44 area or still in a pullback mode instead of better bounce attempt

20 Jun 2017 10:18 am
held at 42.75 and turned up and now the 44.75 area should not be tested again if the ES is going to be out of trouble for a while

20 Jun 2017 10:23 am
has to bounce from 43.50 at lowest and take out prior support at 45 and not get turned right back down or else a reversal back down could happen

20 Jun 2017 10:26 am
has to get through 44.50--45 and not get turned right back down. 43.50 should be broken to get a moved towards the lows being possible. Keep an eye on the Dow cash also

20 Jun 2017 10:29 am
43.50 broken and heading towards a low. prior support is new key resistance on the upside at 45-45.50, would need to be broken and held after that in order to have a low of some sort in place, at least for a while

20 Jun 2017 10:35 am
bouncing from 42.25 and bottom of prior support that 43-42,, but 42 was not held under very long and should be support at least from some "last trapped" . So has to get over 45

20 Jun 2017 10:38 am
holding under 40 50 be bearish, should head down to test or break the low now

20 Jun 2017 10:40 am
if the low holds, a bounce still would need to get above 44-45 area and not turned right back down again.. A moved back above that area that can hold needed to get run up with the Dow cash going back into new all time high territory,, which only

20 Jun 2017 10:49 am
ES back to the 45-45.50 area along with the Dow cash just missing its all-time high so far, and should not go back down to the 42 support for a breakout attempt over 45, although if so has resistance at 46.50--47.50 high from today/close from yesterd

20 Jun 2017 10:52 am
could be a high for a bit if 44-43.50 new uptrend support is not held on a dip and turned right back up again. Dow right at double top

20 Jun 2017 10:55 am
123 type of top on the Dow cash right now, with two pokes above yesterday's all-time high( just before the close) turned right back down. Has to hold 44 or better pullback towards 42 more

20 Jun 2017 11:01 am
bounce from 43.75 but with the Dow at its high the ES needs to get above 45.50 or else it's going to come back down again and possibly towards 42 area again

20 Jun 2017 11:08 am
this has to hold 43.25 at the lowest or else keep on going down to work through 42 area

20 Jun 2017 11:11 am
I need to begin getting ready for my dentist appointment in just a few minutes. It looks like a two-sided day, but a failure to get above 45--45.50 prior the initial support and so far bounce high for today

20 Jun 2017 11:13 am
should be headed back to the low or more with the Dow can roll over from all of these highs it's making up here.. As I stated in last night's update, being short or just shortening the bounces is the better trade opportunities today

20 Jun 2017 11:14 am
hopefully I get home around 1:30, take a look at the charts and then send an update.. But don't really know exactly when I will be back. Just me short as this acting poorly and should work lower

20 Jun 2017 11:15 am
hhas to get over 45-45.50 prior initial support and the bounce highs to avoid what could be a decent size breakdown, especially if the Dow gets hit also. I will see you when I get back. Good trading!

20 Jun 2017 01:21 pm
that ES went down to the 38.50-37.50 zone and turned up and then held above 38.50 and made a run back up the the breakdown area at 42.50 and should be under pressure again holding under that level as a bounce high and key/pivotal resistance area to

20 Jun 2017 01:23 pm
I need about 10 minutes and then back with you.. The Dow made a nice double bottom while the ES was holding 38.52 set up a bottom and run up. should keep going through 43-43.50 to continue that uptrend and reversal

20 Jun 2017 01:25 pm
that 12:30 PM low income right on time for a low for the day if the market is going to do its "normal" pattern of late and rallied back strongly. So far held just under 43-43.50 with should be new resistance area to get through, a pullback coming

20 Jun 2017 01:27 pm
Dow just made a double top on bounce and a pullback on that will pull down the ES if the pattern continues, should be a breakdown by going under 40.50 and not turning right back up from there, cutting through instead with some momentum

20 Jun 2017 01:36 pm
should continue holding 40.50 and if not then another bounce should fail on the way back down to the 38.58 area which held before running up to this area.

20 Jun 2017 01:43 pm
the market has gone into a narrow range between 40.50 and 41.50 over the last 10 minutes or so and could go back down to the 38.50 level and if that area does not hold then another new low but should come back up again

20 Jun 2017 01:53 pm
so far the ES has dropped 22.50 points to its low today, which has been about normal unless it's one of the 40-50 point moves. Acting poorly today and should be sold unless a move over 42-43 that can hold on a dip.. Could keep drifting lower if a

20 Jun 2017 01:58 pm
shorts could be getting nervous so a move over 41.50 would need to be able to stick to get some kind of run up by breaking above the top of this range sense around 1:30

20 Jun 2017 02:03 pm
breakout attempt and should hold 41 at the lowest in order to keep this little breakout attempt from failing and breaking down lower

20 Jun 2017 02:07 pm
need to go through 42-43 and be able to hold 42 after that, otherwise this move could end up failing and the ES coming back down to this area or lower after

20 Jun 2017 02:13 pm
this bounce is failing and if there is a breakdown through the 40 area it could keep going to or through 38.50-37.50 again. The 40 area should be key support the rest of the day, also keep an eye on the Dow cash still, spikes higher being sold sa

20 Jun 2017 02:18 pm
tthis will either just breakdown through 40 or else bounce and be sold into and come down through it then but should be broken with the Dow headed back down again

20 Jun 2017 02:27 pm
headed to the 38.50 area and would need to hold their or else there could be a lower low made with the Dow also making a lower low

20 Jun 2017 02:31 pm
38-37 area support down here and should see a bounce at least even if it does not stick. If not, then breakdown to 36 and possibly 32.50 which would fill the gap

20 Jun 2017 02:33 pm
the Dow cash has a triple bottom at 493, and ES bouncing from 38.50 target/support and a pullback should hold above that level or else there could be a breakdown of some sort,

20 Jun 2017 02:35 pm
so far the ES made it back to the 40 level and 40.50-40 was the breakdown area, and need to get back above 40.50 and be able to hold, or else can go through 38.50 area also

20 Jun 2017 02:38 pm
going to be hard to have a late day run up if the ES goes under 38.50 and is holding. Should keep going to test 37.25 low of the day unless 40 broken

20 Jun 2017 02:43 pm
needs to hold over 37.25 and make a move back over 39.25 then could mean that a low is in place and another pullback should hold, as a 123 bottom could be made

20 Jun 2017 02:45 pm
the lows need to hold now to get another end of day rally however still has some work to do and getting back above 40.50 area and holding needed to attempt a better turnaround–

20 Jun 2017 02:51 pm
another failed bounce attempt stopping at 39 so far and still needs to take out 37.75-37.25 if there is going to be a breakdown and not just a test of the lows

20 Jun 2017 02:55 pm
if we are going to get another end of day rally like we have been lately then that double bottom//123 bottom will hold and this will run up through 40.50 area and hold and keep on going to war through 42-43 before end of day

20 Jun 2017 03:00 pm
first hurdle getting over 40.50 area and being able to hold may not be so easy, and needs to do that to avoid any more trouble pretty soon

20 Jun 2017 03:04 pm
2:50 PM turn around and should be bought on dips that hold at or above 39 level now, if rejected at 40.50. Should hold 39 and get through that area for the "normal" end of day bounce to continue,, not in the day with a drop

20 Jun 2017 03:09 pm
rejecting 40.50 and if no bounce from 39 or above then backed down to test the double bottom and possibly a break as things change in the last hour for a switch

20 Jun 2017 03:15 pm
4 balance on the Dow cash that needs to hold along with 38.50,, if 3850 can hold then no breakdown and a chance for a move over 40.50 that can hold and make another push higher

20 Jun 2017 03:22 pm
the 60 EMA was touched for the third time since 12:20 PM this afternoon, and needs to get above 41.52 avoid choppy move lower into the close. 39 area needs to get a bounce or else keeps going

20 Jun 2017 03:25 pm
has to have a run up from 39-38.54 all's could be a late breakdown... A bounce need to take out 41.50 and not get turned right back down again to avoid late day drop even if a bounce

20 Jun 2017 03:30 pm
another bounce from the prior low at 37.75 and now the ES as a triple bottom down in that area, could be tested were broken if this holds under 40.50 area

20 Jun 2017 03:33 pm
bbounces have failed all day long and likely will continue failing going into the late trading as long as the ES does not get back above 40.50 and hold for longer than five minutes

20 Jun 2017 03:37 pm
bounces should continue to fail at the end of the day as long as the ES does not run up above 40.50 and hold up there which is doubtful. This should be headed towards 33-32 or lower before this move is over even if it takes until tomorrow

20 Jun 2017 03:37 pm
although it may not by the way it has been acting. Anyhow have a great rest of your day and I will meet you here in the morning. Take care!

20 Jun 2017 03:49 pm
headed for 32.50 at least here and then possibly a bounce but likely just gets washed into the close if of bounce attempt from that area

 

INTRADAY LOG FOR MONDAY - JUNE 19, 2017

19 Jun 2017 09:10 am
Good morning! This will be a gap up open and should pullback at least a little bit before another push higher happens. internal indicators were close to oversold, but not quite all the way there

19 Jun 2017 09:13 am
this should be sold in the first 20-40 minutes at the latest and a decent pullback should be bought. Holding and new all-time high territory has not lasted very long recently

19 Jun 2017 09:19 am
trend in momentum still to the upside and a pullback should hold 38-37 at the worst or go down to 32.50 area. update the little bit after the open

19 Jun 2017 09:29 am
should not go down to 38-37 or else a high could be in instead of staying in a good uptrend bigger picture

19 Jun 2017 09:31 am
has to keep going through 42-43 or else start a pullback

19 Jun 2017 09:35 am
turned down from just under all-time high and needs to go through 38-37 and not turn right back up in order to have a move back down towards 34-32 area possible,, otherwise could try to or through the highs

19 Jun 2017 09:40 am
turned up from 38.50 and would need to go under 40.50 and then 38 in order to break the uptrend..needs to get through 42-43 and be able to keep on pushing or hold those levels on Pullback

19 Jun 2017 09:41 am
42.50 resistance and should come back down or else a breakout into new all time high territory if it can get pushed above and hold after that, but should not go much further before reversing here

19 Jun 2017 09:45 am
backing away from resistance and just under all-time high but needs to come down through 40.50 and not turned right back up again or else a chance of pushing through the high

19 Jun 2017 09:51 am
held above 40.50 turning up that 41.00 and needs to hold 41-40.40 or else a top at new all time high area and drop towards 38-37 area could happen if a decent sized pullback

19 Jun 2017 09:55 am
would need to hold around 41.50 and go through 43.50--44 and only a small pullback after that, or else this is a top up here instead of keeping on moving higher through that 43.50-44

19 Jun 2017 09:57 am
rolling over from 43 resistance and unless broken and held it should be a top instead of going up through 43.50--44 area and further beyond that

19 Jun 2017 09:57 am
rolling over from 43 resistance and unless broken and held it should be a top instead of going up through 43.50--44 area and further beyond that

19 Jun 2017 09:58 am
should go down through 41--40.50 and not get turned right back up again for this to nail and a high it appears

19 Jun 2017 10:02 am
still has to come down through 41 for there to be a reversal of some sort,, and now holding over 42.50-42 needs help for this to keep going and not ddrop to course through 41

19 Jun 2017 10:03 am
47-48 area is the next resistance zone

19 Jun 2017 10:05 am
should not come back down to the 43 area or else would be bearish pattern, should keep going to or through 47-48 before a small pullback of some sort, must told over 43 lowest

19 Jun 2017 10:07 am
47-48 area has been reached and should be hard to go over 48 and hold unless it's on its way up to the 52 level which is doubtful and should be pullback of couple points before bouncing attempt

19 Jun 2017 10:10 am
46-45.50 area needs to hold at or above or else continue to the 44-43 area at the most or else a high likely in place for a while

19 Jun 2017 10:11 am
should have some trouble at 48 area here am pullback again

19 Jun 2017 10:15 am
has to go through 48 and keep going on this move or else could come down to 45.75 area or a little lower before a turned back up again.

19 Jun 2017 10:21 am
bounce from 46-45.50 area needs to take out the high and then continue holding over 46-45.50 or else a top of some sort could be in for a bit and come down t 43--42 possibly

19 Jun 2017 10:22 am
with the uptrend still in tact however a move through 48 with some gusto could continue up towards 52 area,, but needs to hold over 48 in order to do that

19 Jun 2017 10:25 am
if this 48 area is not a high than the 52 area should be maximum upside on this move and could be at least 4-6 point pullback unless a trend up move

19 Jun 2017 10:27 am
a move down through 46-45.50 area that is not able to turn right back up again needed right now or uptrend still in tact

19 Jun 2017 10:34 am
new high at 50 sold fairly aggressively and a top could be there,, especially if a breakthrough 47-46 not turned right back up again

19 Jun 2017 10:36 am
unless this is headed up to the 2460s--2470s or higher, then there isn't much more room on the upside as 52 should be the maximum on this move.. If no turned up here to a new high,, headed down to test or take out 47-46

19 Jun 2017 10:43 am
46 area is key and a break and hold under that level will put some pressure on the downside and could come back to the 43 breakout area which should be as far as it goes

19 Jun 2017 10:47 am
rollover from the rejection of the 50 level continuing and could get a bit of moment some if a break through 46 and a hold under 48 after that. 48 was not held above long at all

19 Jun 2017 10:53 am
tiny pop-up sold so should break through 46.50-45.58 area and will need to get over 47.50 after or else bigger pullback underway

19 Jun 2017 11:00 am
about two go through 46 area and could keep going down to 43 area which would need to hold as that is the breakout area this morning

19 Jun 2017 11:04 am
has to hold under 47.50--48 now or else a pullback low could be in place for a bit and could try for the high area

19 Jun 2017 11:15 am
with and important new all time high in place at the moment at 50 which was rejected, so far just 4.50 point pullback to 45.50 and at uptrend support,, needs to hold or some down to 44--43, or get back over 47 without reversing to keep going to

19 Jun 2017 11:17 am
the Dow cash needs to keep holding over 21,482-480 or else it could breakdown also, along with NQ breaking 61.50-60.50

19 Jun 2017 11:24 am
Dow cash rolled over some and broke its minor support and needs to hold 470 next.. The NQ trying to hold right at 5762.50-55760.50 and needs to break and hold under that area for it to breakdown

19 Jun 2017 11:26 am
in any case the ES is still in its downtrend from the high and pressure will stay on as long as hold lines unde 46.50-47 at the highest now

19 Jun 2017 11:27 am
in order to keep going down to 43 breakout area or lower. It's getting some help with the Dow, if the NQ breaks down than the ES will get an added push lower or should

19 Jun 2017 11:30 am
the 44-43 area on the ES needs to give a good bounce if it is reached as that is key support just below, and needs to avoid a break/hold under 43 or else false breakout and the bearish pattern

19 Jun 2017 11:33 am
44.75 pullback low so far, ES popping up with the Dow while the NQ barely bouncing from its 5762.50-5760.50 zone and could breakdown at any time. If so and holds under 64 maximum after and turns down, could get more momentum there

19 Jun 2017 11:40 am
there was pretty good buyers from 45.50 and should continue holding over that level for another push higher and giving back over 24 can get this back in an uptrend

19 Jun 2017 11:43 am
the NQ had been holding 63.50-661.50 since 10:05 AM and breaking down through without turning right back up again could get that breaking its parabolic run up from overnight and this morning

19 Jun 2017 11:44 am
still the NQ should stay under some pressure as long as it's holding under 5765.54 now. A moved back above that that holds all that can get it out above potential breakdown

19 Jun 2017 11:45 am
ES has buyers from 55.50 and above to hold this up for now

19 Jun 2017 11:48 am
almost back to the 48 level which was only broken above for about maybe 60 seconds while it was going up and coming back down from 50, and should be some resistance there from buyers trapped early for a small pullback at the least

19 Jun 2017 11:51 am
it is stalling just under 48 so a small pullback and another run up might have a chance of getting through.. Might want to keep an eye on the NQ which keeps popping from support but not sticking, multiple tests of 63.50-61.75 area normally not h

19 Jun 2017 11:57 am
NQ attempting to breakdown aand needs a quick reversal back up.. ES soul has buyers below and avoids trouble holding above 46.50 again at the moment. update in about 10 minutes

19 Jun 2017 12:06 pm
right at the moment the NQ and the ES are 2 different animals, with the pop-ups being sold on the NQ and the dip being bought on the ES.. However ES should be at or near a bounce high and should begin pullback if 48-48.50 rejected or goes under

19 Jun 2017 12:15 pm
small pullbacks have been bought from the 44.75 pullback low just above 44.50 new support to 47.75 so far and unless 48 broken//held this time, a move under 47 nneeded to break current uptrend

19 Jun 2017 12:26 pm
intact as long as 48 holds now and should not go back under 47.50-47 or could be reversing this area instead near

19 Jun 2017 12:28 pm
iin a good uptrend but turned down from 48.75 and has not been able to hold over 48 long at all so far today, so must told 48-47.54 else still holding under that zone and should be sold against until broken if that happens

19 Jun 2017 12:30 pm
that is also around the bottom EMA on the 1 minute chart which has been poked under and quickly turned up from cents turning up off of 44.75 pullback low adding more to potential reversal

19 Jun 2017 12:38 pm
the Dow also made a double top with the ES and ES came close at 48.75 but coming down through 48 keeps it in what can be a somewhat bearish position especially breaking 44.75 (just 5.25 points off of 2450 all-time high) this afternoon.

19 Jun 2017 12:38 pm
A move over 48 that holds can get this possibly up to the 52 area but a long shot I think, unless holding up late in the day

19 Jun 2017 12:40 pm
I will be back around 1:20 PM after break time and update before then if it is possible and necessary.. Basically 48.50 and the 52 areas above,, 44.75 and 43.50-42.50 below if breakdown of some sort

19 Jun 2017 01:17 pm
the ES has been grinding higher and reached 49.25 so far and needs to hold 48 or else would reverse again. Has to hold and push higher through 50 up to 52 in order for this to avoid reversal in this area but could be from 52 area or just above

19 Jun 2017 01:19 pm
only a 123 top if this high is at 50 or lower and comes down through 48.15 now. Otherwise continues to grind higher

19 Jun 2017 01:31 pm
this will stay in a good uptrend as long as 49-48.50 area is held at the lowest right now, a moved over 50 that does not get reverse would have a chance at the 52 area next

19 Jun 2017 01:32 pm
actually my zone is 2442.50-2454.00 that should be a major area for the ES today and heading that way it looks

19 Jun 2017 01:40 pm
token higher high was sold and should happen again if there is one more pop-up however would need to happen from 49-48.50 at worst otherwise a top for a while at least for a 4-5 point pullback from this top

19 Jun 2017 01:42 pm
the ES ran up and cause that the 43 prior high area about 10 minutes before breaking out in the run-up to 50. The NQ caught fire again, little parabolic move just coming down. Important support below, but need to go down before coming back up ag

19 Jun 2017 01:44 pm
should still hold 49-48.50 if it is going to attempt another run up and not go back down to or through 45.50-44.50

19 Jun 2017 01:49 pm
pullback to 48.75 and should not go much lower than that without getting turned right back up again for this to continue its gap day / trend up day going, not the day top in place of peer

19 Jun 2017 01:53 pm
49-48.50 area here also is the 20 EMA on 5 minute chart which has held 2 times so far on the way up, and is broken opens the door for a move back towards 47.50-46.50 or more

19 Jun 2017 01:57 pm
NASDAQ is very much acting like it did just before and a little bit after the Y2K bubble burst, with a good size drop and now a sharp rebound with a parabolic run up. Should have high in on ES for today especially if 45.50-44.75 does not hold. ES

19 Jun 2017 02:03 pm
still in a downtrend off of the token higher high and heading down to the 45-44.58 area where a breakdown could occur if there is not a good bounce from that area. Even if there is another bounce should not get through 52 area and state up there ve

19 Jun 2017 02:07 pm
a bit of a breakdown but to 47.25 and currently a tale down there and reverse, but only if there is a moved back above 48.25 area and that gets turned right back down another time

19 Jun 2017 02:14 pm
3.50 point pullback, the largest being 5.25 points from the early spike high reversal at 50 down to 44.75 from around 10:30 until 11:30.. this could go to 45.25 at the very lowest, should be working its way there holding under 48.50 area

19 Jun 2017 02:20 pm
48.50 should be a pivotal area, and unless broken and held on a run up pretty soon, could make another to test or break 45.50-45 major pullback support today

19 Jun 2017 02:27 pm
better breakdown underway and a bounce should be sold at or below 48 area ffor it to continue

19 Jun 2017 02:30 pm
45-44 support and then down at the 39-38 area if there happens to be a bigger breakdown by holding at or around 48 area on a bounce

19 Jun 2017 02:35 pm
aa bounce up to 47.50 was turned away and still needs to get over 48--48.50 and that gets turned down again for the trend to change.. It has bee 4.50 point pullback, 5.25 the largest, and breaking 45.25 would break the upside symmetry and 44.75 is

19 Jun 2017 02:40 pm
in the time frame for a turnaround if there is going to be one and must bounce from 45.25-44.75 area or above and get up above 48-48.50

19 Jun 2017 02:48 pm
another pop-up not sticking and turning down at the 48 resistance,, and unless broken through and able to hold the ES is still under pressure and can make another lower low hereand a better pullback underway

19 Jun 2017 02:49 pm
just look to sell bounces here the rest of the afternoon. The ES needs to get over 48--48.50 area and not turn right back down again. That would include another pop above 50 that is reversed back down through 38 but should not go back up there

19 Jun 2017 02:56 pm
if this goes through the 45.25-44.75 area without pausing it will be headed down to 43 breakout area and must told there or else a reversal day on the charts

19 Jun 2017 03:04 pm
so far this pullback is held just above 45.25-44.75 new support, and will need to hold at or above that zone and get back above 48 in order to finish the day on a good note. 48 has not been held above the day a number of times

19 Jun 2017 03:06 pm
should be trying for the 48 level again, but needs to get over and be able to hold,, has not been able to so far today for very long

19 Jun 2017 03:12 pm
this time backing away from 47.50 but if it does not go much further than there is a chance of going through 47.50-48.50, but hard to say it will hold

19 Jun 2017 03:16 pm
well in the last 45 minutes the ES should run up through 48.50 and then hold 47.50 after that and turn up again to keep the upside going

19 Jun 2017 03:26 pm
the ES backed away from 48.50 and will need to hold and turned back up from around the 47.58 area to avoid a bigger pullback in late in the day. It is held a chance of one more run up

19 Jun 2017 03:28 pm
have a great rest of your day. I'm not sure we will have a live session in the morning,, as I need to leave for a dentist appointment a little bit after 11 AM. I'll send an update tonight, then meet you here in the morning.. Until then take care!

 

INTRADAY LOG FOR THURSDAY - JUNE 15, 2017

15 Jun 2017 08:57 am
Good morning. This could be a gap down open which we haven't had for some time. Today should be opposite with early weakness bought and first decent bounce sold into

15 Jun 2017 09:03 am
The gap would fill if the ES gets up to 25.75 and 27.50-28.50 above that. But first area would be getting over 22 and holding 20.50 after that and turned up again

15 Jun 2017 09:12 am
ES should/must not break 18-17 without turning up quickly or else has a chance of dropping down to 13.50-12.50 area. I will update a little bit after the open and then meet you online at 10:30

15 Jun 2017 09:19 am
that can be a bounce high at 22.25 if 20.50 broken through

15 Jun 2017 09:21 am
has to be able to at least get over 22 prior support and hold that on a dip or will not go up to 25-26

15 Jun 2017 09:29 am
the NQ going to open down about 1%, should be some good volatility there but that bubble burst did already and coming apart now

15 Jun 2017 09:30 am
S&P 500 cash is going to leave a 123 top in place (CLICK HERE for example of a 123 Top)

15 Jun 2017 09:36 am
run up from the open should have trouble at 24 area and may not get that far before coming back down again but likely not to a lower low

15 Jun 2017 09:40 am
as long as 21-20.50 is held above this could go on up to or through the 24.50-25.50 area and back away

15 Jun 2017 09:42 am
with 24 being rejected that should be a top now and pullback must bounce from 20.50 or else a chance to test for make a higher low if it's going to avoid trouble this morning

15 Jun 2017 09:42 am
I will meet you online at 10:30

15 Jun 2017 09:44 am
if you know bounce off of 20 then it could go to a lower low

15 Jun 2017 09:54 am
18 supp must hold new or maybe 13.50

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

15 Jun 2017 12:05 pm
top at 28 29 resist to sell against

15 Jun 2017 12:13 pm
A break below 24 is more pressure on. I will be back around 1:10 or sooner if it is possible

15 Jun 2017 12:51 pm
The ES went to 23.25 and then just turned back up again and needs to make a higher high over 28.25 on this move and not turned down from a lower high or that could be a double top. Should bounce from 25 area to attempt getting up there

15 Jun 2017 01:01 pm
needs to make it through the 38-39 prior additional support, as the old support acted as new resistance around 24 earlier and this loan was rejected once already

15 Jun 2017 01:15 pm
this will stay bullish as long as a pullback holds 27 area now. Would need to come down through that area and not current right back up.. However Tolkien higher high likely sold for a small pullback at least

15 Jun 2017 01:20 pm
backing away from 29 prior additional support and new resistance at 28--29 and could get a bigger pullback breaking under 27 and not turning right back up and going for 24 area possibly or maybe lower

15 Jun 2017 01:35 pm
quick way reversal up from 25.50 saved this from going down to war through 23.50-23 key support below.. Another pop-up would need to go through 28-29 and not turn right that down again,, but likely will be sold if 59 resistance is broken as token h

15 Jun 2017 01:41 pm
needs to go through 59 and only have a small pullback hold around 28 after that in order to break out on the upside instead of another several points pullback

15 Jun 2017 01:46 pm
this should continue down towards 24-23 or more on this move

15 Jun 2017 01:48 pm
any kind of bounce from here should fail at or below 28 at the very highest, the bottom of the prior additional support zone. The market is top-heavy and topping pattern made along with the Dow rolling over also

15 Jun 2017 02:05 pm
if this is going to have another bounce than it needs to hold 25.50--24.50 at the very lowest and turned back up with a little bit of momentum to get to work through 29 high at new resistance so far. ES stays bullish unless broken through and held

15 Jun 2017 02:09 pm
however, upside should be limited and another bounce not take out 29 and hold, unless that happens in the last 90 minutes or thereabouts.. should have trouble getting through and holding. But still sideways/higher as long as 25-24 holds

15 Jun 2017 02:19 pm
another failure at the 28-29 area is bearish and could end up with the ES that eventually breaking down to or through the 24 area and a little while, if current uptrend also broken by going under 2427-2426.50 and not get turned right back up

15 Jun 2017 02:21 pm
could be going through 29 and if that happens and only a small pullback after that then a shot at the 32 area would be next

15 Jun 2017 02:23 pm
aa pullback should hold 27.50 at the lowest now in order to keep this strong run up going

15 Jun 2017 02:24 pm
should have pullbacks and as the token higher high has not been holding

15 Jun 2017 02:26 pm
just a small pullback that holds around 27.58 area and turns up,, to have a shot at the 32 area. May not even pullback if it holds 29 and not come back down towards 27.58 area

15 Jun 2017 02:30 pm
the ES backing away from 30.50 and just under yesterdays open and also a minor resistance on this move,, and could turn out to be a high of some sort if this comes back down as far as the 27.50 area.. Bounces should fail if that happens, barring

15 Jun 2017 02:34 pm
a reversal pattern on the ES 5 minute chart and 4 tops at least on the Dow cash the high it just made.. This has been a choppy trend up kind of moves, but if it's going to end it needs to break 27.50 and then hold under 29 after that. Looks like a

15 Jun 2017 02:38 pm
the 30.50 area is also where a breakdown occurred that went down to today's lows and a little bit lower. A strong area to try getting through today and holding, good supply to try getting through it looks. Should be sold on a bounce to tests that ar

15 Jun 2017 02:42 pm
the NQ also reached an equivalent breakdown area and also backed away from its "last trapped" before breakdown. market still in a trend up mode and would need to break under 27.50 (28 held so far) and then hold under 29 after..

15 Jun 2017 02:46 pm
it has been a choppy trend up move off of the low but with a couple of somewhat decent pullbacks along the way (4.75 and 4.25 points). This one just 2.50 points holding 28.00 new support (28-27) and should come down through that on lower high here

15 Jun 2017 02:48 pm
another token hire high around 31-31.50 area should be sold back down a bit again and then another bounce if this continues

15 Jun 2017 02:55 pm
a double top now a pullback needs to hold above 28 in order to keep this in a strong uptrend and no have a reversal attempt of some sort – 4.25-4.75 point pullback should be maximum

15 Jun 2017 03:02 pm
upside limited from here it looks,, even if the double top is broken by a bit it should not go past 32. if they are going to get back to work through 30.50 then has to continue bouncing and holding at or above 28 area in the last hour

15 Jun 2017 03:06 pm
every death has been bought since coming up off of the low today, with just 2 pullbacks that were decent but not sharp on the way up. This should continue as long as no reversal,, breaking 28--27, however upside looks a bit limited with strong re

15 Jun 2017 03:09 pm
15 minute chart with Globex session included you can see that area where breakdown occurred

15 Jun 2017 03:11 pm
breaking through 31 area and holding needed to get above that area,, and would need to hold up there, just backed away but not in trouble unless 28 area broken through

15 Jun 2017 03:17 pm
should keep grinding higher as long as the 29-28 area can hold on pullbacks and not be broken below and held..

15 Jun 2017 03:24 pm
another token hire high being sold into and must hold 29--28 or else could be breaking both support zone and also upside symmetry, making this bearish instead of bullish going into the close.

15 Jun 2017 03:26 pm
have a great rest of your day.. I will send an update this evening and then meet you here tomorrow with a comment before the market opens. Take care!

15 Jun 2017 03:30 pm
a quick note: the Dow has flattened out and the ES backing off again from another token hire high and 32 was reach and that a minor resistance – a move down to 28 breaks support and upside symmetry – bearish if that happens

 

INTRADAY LOG FOR WEDNESDAY - JUNE 14, 2017

14 Jun 2017 09:16 am
good morning. the ES is right at the 41.50-42.50 resistance around all time highs and should have a hard time going higher and holding until coming down and filling the gap today

14 Jun 2017 09:25 am
the ES will need to drop quite a bit to get to 35.50-34.50 initial support

14 Jun 2017 09:30 am
probably will avoid an early drop if the gap fill area at 39.25 is not broken,, but early pop-up should be sold.. Update in 10 minutes and then the line at 1030

14 Jun 2017 09:34 am
gap was just filled and needs to get a good bounce over 42 resistance area and holds or else keep going down to to or through 38) yesterday at a minimum

14 Jun 2017 09:36 am
should bounce from 38 if going to try to be strong and not had a bigger pullback before the fed,, or at least early – – I will meet you online around 10:30

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

14 Jun 2017 12:12 pm
for why the ES has failed around the 36.50 area 3 times now and backed away each time and this will stay in a downtrend unless that is broken through on the upside

14 Jun 2017 12:14 pm
buyers have been coming in around the 33.75-33.50 area and needs to hold or else either test or likely break 32.25 low so far

14 Jun 2017 12:17 pm
a bounce from down here and not make it back up to the 36.50 area again if it's going to keep going down before the fed, not be a sideways chop until 2 PM

14 Jun 2017 12:22 pm
the NQ is trading differently but it should be sold into on another bounce around 5776-5778 and then bigger resistance up at 5778-79 that needs to be broken//held

14 Jun 2017 12:24 pm
on the ES the ES made see get over 36.50 area and that gets turned right back down again, and will need to break under 34.25-33.25 or else could keep pushing lower towards 28.50 or a bit more

14 Jun 2017 12:27 pm
I will be away until around 1:20 this afternoon and will update only if IM free and one is necessary before then. We have the fed release at 2 PM and could be more erratic trading until then

14 Jun 2017 01:17 pm
Hey guys, this is Ian and Mike said that someone cut a powerline AGAIN on his street. Believe me he is not happy about it, but he said he will be with you if they get it back

14 Jun 2017 02:21 pm
hopefully I will be back where he used to update the rest of the day pretty soon.. This bounce once again from going under 34.50 and back up again should fail as a top was made on the 5 minute bounce after the release

14 Jun 2017 02:23 pm
aany kind of bounces should be sold from now but ideal would be up around 38--40 and reverse again. Probably not going to happen but breaking and holding under 34.50 could take it down under the 32 low. Back in about 10 minutes

14 Jun 2017 02:32 pm
if this is going to roll over again before trying a run back up towards the 40 area that it should turn back down from 38-39 and reversed down to make a 123 type of top

14 Jun 2017 02:33 pm
that should be the bounce high now

14 Jun 2017 02:35 pm
jjust poked up to 38.50 and is reversing and now should hold an breakdown

14 Jun 2017 02:36 pm
has to have follow-through and go down through the 34.50-33.50 area and not yet turned right back up yet again but instead keep going to war through 32

14 Jun 2017 02:40 pm
a bounce from 34 new support area immediately turned up but should not go far this time before breaking down again. Should not get back to 38.50 again and be able to hold there very long if for each

14 Jun 2017 02:43 pm
on the way through 32 and could continue down to the 28.50-27.50 area next if this continues to fail and now at or below the 34--35 area at most

14 Jun 2017 02:47 pm
28.75 low so far and likely will continue going lower

14 Jun 2017 02:49 pm
can get a bounce from this area but would need to get back above the 32.50-33.50 area and not get turned right back down from that area, or a tiny bit below

14 Jun 2017 02:54 pm
so far only a feeble bounce up to the down sloping EMA's on the 1 minute chart which is a guide at the moment and pressure will stay on unless a move over 33.50-34.50 that is able to hold – not be sold into "last trapped" like should be

14 Jun 2017 03:00 pm
going down to 27.50 and fill the gap from Monday's open can happen on this move before getting a turnaround attempt,

14 Jun 2017 03:02 pm
the top of the bounce was at 32.75 and should continue to hold under 33.50 and order to keep pressure on to go at least two or through the 27.5 area

14 Jun 2017 03:05 pm
123 bottom attempt needs to keep going up to work through 33.25--34.25 area, not be rejected at that lowered and turned back down again

14 Jun 2017 03:09 pm
along with the little double bottom at 28.50-27.50 support the Dow cash also made a double bottom equal to its 11 AM low. If the ES cannot get over 33.25-34.25, the door is open to break through those low and keep going down towards 22.58 area

14 Jun 2017 03:14 pm
bottoms broken through, ES stays under pressure as long as it holds under 29-50-

14 Jun 2017 03:22 pm
bouncing back starting at 3:15 PM and needs to keep going up through 32-33 and get turned right back down again.. It stays in a downtrend,, maybe into the close unless it can get above that area

14 Jun 2017 03:23 pm
the Dow is bouncing back pretty well, although it has been the only strong index the last several days, and analysts it reversals the ES has a shot at getting through 33-34..

14 Jun 2017 03:28 pm
in the last 30 minutes the ES needs to get over 33--34 or else the door is open for another move back down to or through the low of the day. However, a move back over that area or keep the ES in a trading range., for now

14 Jun 2017 03:29 pm
have a great rest of your day. I'll send an update this evening and then meet you here in the morning with a quick comment before the open. Take care!

 

INTRADAY LOG FOR TUESDAY - JUNE 13, 2017

13 Jun 2017 09:41 am
for now the market doesn't get in reversal mode unless 32.50 area broken and not turned right back up. My apologies for the interruption.. Meet you online in just a little bit

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

13 Jun 2017 12:03 pm
a chance for a double top but needs to go down through 34--33 in order to break current uptrend and attempt reversing from up here

13 Jun 2017 12:05 pm
2436.00-2437.00 was rejected on the bounce 15 minutes after opening and unable to get through that makes this a top up here

13 Jun 2017 12:07 pm
only a pullback that holds 34-33 and then turns back up with some gusto to erase the the 123/double top that's in place at the moment.

13 Jun 2017 12:10 pm
turned up from 33.50 support with some gusto, but quickly backed away. uptrend stays intact as long as 33.50-33 area is not broken, if it is then yet another bounce will fail under 36 resistance

13 Jun 2017 12:16 pm
one thing worth watching is the Dow cash. It had a double top at its prior all-time high at 21,307 and has held that 21,308 on a dip and turned up..That needs to come down through 308-307 and not get turned right back up, 33.50 on ES

13 Jun 2017 12:23 pm
top 4 now. back at 1-15 pm

13 Jun 2017 01:02 pm
Just a quick note, instead of a breakdown the 33.50 level held in another "cigar" kind of pattern broke out to the upside and up to 37 top of resistance zone, but stays uptrend holding 36-35 right now. 33.50 area keys support

13 Jun 2017 01:09 pm
This pullback from resistance will need to bounce again from 35.50-35 or higher for this to keep going through 37, otherwise could keep coming down to bore through 33.50 key area instead – 21,308-21,307 on the Tao cash

13 Jun 2017 01:15 pm
36-35.50 needs to hold now to keep this strong trend up action going and avoid a potential reversal and deeper retracement if broken through

13 Jun 2017 01:30 pm
so far this pullback has come down to 36.50 and even though a trend up move off of the low starting at 11 AM, upside limited and less going for all-time high. a move under 35.50 can mean that a high is in place,, at least for a while.

13 Jun 2017 01:33 pm
that is a minor resistance at the 38 level and 37.75 is just under that and just over the 36-37 resistance zone, but did not hold over 37.51 along and should be some sort of pullback

13 Jun 2017 01:40 pm
with the ES drifting off at high the VIX is about to breakout of a downtrend that started from the reversal of the 11 A low. A move over 11.51 could do that reversal and put more pressure on the ES

13 Jun 2017 01:43 pm
this breakdown is leaving eight top in place and can continue down to work through the 34-33.50 area and turned up there or else this begins to unwind faster on the downside

13 Jun 2017 01:46 pm
any kind of a bounce should set up a good short under the high.. The Dow is coming back down and a break under 21,307-21,304 area has that reversing also. The NQ getting whacked again

13 Jun 2017 01:53 pm
so far held that 34.50 and just above the 34-333.50 potential breakdown area,, but a bounce should stop at or below the 35.50-36.50 area and reversed back down

13 Jun 2017 01:59 pm
the ES is bouncing from the 34.50 double and just above the 34--33.50 potential breakdown area, and if 36.50 is broken through and not turned right back down, a chance to test the high area, but likely back away a bit

13 Jun 2017 02:08 pm
still is in a trend up kind of move and should keep on pushing higher after small pullbacks stall a get turned back up again. Just now made a token higher high and could continue heading towards all-time high around 42

13 Jun 2017 02:12 pm
with the ES bouncing from 34.50 and just above 34-33.50 support, along with the Dow cash coming down to 21,307 prior all-time high and turned up. Those are going to be key support this afternoon

13 Jun 2017 02:13 pm
this token hire high was sold into instead of getting momentum, so expect another pop-up to be sold into again and could see a move back down to 36--35.50, would need a bounce or risk breakdown under 34--33.50

13 Jun 2017 02:22 pm
market is acting a bit top-heavy, and after trying. to Reverse up, the VIX reversed down at 1:50 dropping to 10.31 – has reverted to it mean –. aa reversal here could mean short-term top on market– looks like a top right now to sell against

13 Jun 2017 02:24 pm
or on the other side a chance for one more run up if this can hold around 36 area and turned back up. Still a trend up move unless broken

13 Jun 2017 02:32 pm
still is trend up action going on off of the low with this turning up at the 36.25 prior resistance, has a chance at the high, but should have a pullback from under the high if they top is going to be made

13 Jun 2017 02:35 pm
the market is acting top-heavy up here and likely not much more upside for today. however trend is still up and no breakdown yet unless the ES goes back under that 34.50 level and takes out 33.50, and then hold under 37 on a bounce attempt at h

13 Jun 2017 02:39 pm
this should try to test or break the high, if there is a downturn from a lower high that takes out the low of the high bar on a 1 minute chart should trigger a short for a pullback of 1.50--2.00 points. same with quick drop that holds over

13 Jun 2017 02:55 pm
market acting top-heavy and if it's going to test the high, but it needs to get going so and not go back under 36, and especially 34-33.50. breaking down if that happens

13 Jun 2017 02:58 pm
a top should be in place unless there is some sort of late day run up. But bounces should be sold from here and not make another run up to the highs again. Should be headed to work through 33.50 area

13 Jun 2017 03:07 pm
sstarting another bounce attempts from a low at 35.50 but it should not be able to get back above 37.50 and be able to hold unless it is on its way to take out the 38.50 high of the day

13 Jun 2017 03:12 pm
this is looking like a feeble bounce attempt at the moment, a chance for a breakdown if not able to make a run up to/through 37.50.. Federal over in the last hour if trend up move cannot continue by making another new high

13 Jun 2017 03:18 pm
this can break down at the end of the day if the ES goes under 35.50-34.50 and not get turned right back up again. That could happen if this cannot punch above 37.50 without turning right back down – would need to happen pretty soon to avoid p

13 Jun 2017 03:22 pm
still going to push higher now,, but holding at higher prices might be a problem unless it wants to run up to the 41.50--42.50 all-time high area

13 Jun 2017 03:24 pm
should come right back down from this lower high and then try another bounce if it does not come back down through 36.50-35.58 area now. Still is a trend up move aas long as support holds

13 Jun 2017 03:32 pm
it looks like this is going to keep pushing higher in front of tomorrow's fed release, except for the ES likely will not get to the 42 area today. Another higher high just sold,

13 Jun 2017 03:33 pm
pullback must told around 37.50-337 and turned up to avoid larger pullback.

13 Jun 2017 03:35 pm
a chance of giving up to the 42 area although would expect a moved back away from that area on another test or token higher high.

13 Jun 2017 03:36 pm
have a great rest of your day.. Catch you tomorrow before the open. Also in update will be sent. Take care!

 

INTRADAY LOG FOR MONDAY - JUNE 12, 2017

12 Jun 2017 09:02 am
good morning. the market can get hit holding under 30.50 this morning. the NQ support/resistance probably should be ignored due to the volatility there.

12 Jun 2017 09:08 am
would need to hold 24 and get over 28 and keep going, or go down to at least 22-20.50. I will update a little bit after the open, unless something comes up before then

12 Jun 2017 09:19 am
a bounce from above 22-20.50 still needs to get through at least 26 and especially 28.25 Friday close for a low possibly being in for a while. unless that happens, heading lower to or through 22.00-20.50

12 Jun 2017 09:29 am
the NQ is going to be a different animal today and could be the better trading vehicle if you like the volatility. Just need a figure stopped and trade smaller size to I just for the volatility

12 Jun 2017 09:29 am
obviously the targets are bigger also.

12 Jun 2017 09:33 am
bbounce from 23 and just over support needs to keep going up to four through 28 and then 30.50 or else be sold into on this move and come back down to or through 22 area

12 Jun 2017 09:36 am
need to hold 25.50-24.50 or else top could be in

12 Jun 2017 09:41 am
tops should be in place, 5806-5808 on the NQ key areas there and would need to be broken above and then held after that. ES must bounce from support back above 25 area and hold

12 Jun 2017 09:44 am
has to get back above 24-25 and hold on a bounce now or else further breakdown going under 20.50 low at support

12 Jun 2017 09:52 am
24.50 new resistance sold down to a lower low at 19.25 and unless 24.50 broken ccan go to 18 and possibly 12.50 major area

12 Jun 2017 09:56 am
17.75 low so far as the 18 area and a bounce needs to go through 22 and hold or else still in a downtrend but if broken then 24.50 area could be pivotal

12 Jun 2017 10:01 am
22 turning to key resistance now, another new low needs to be reversed in this time frame if we are going to get a turnaround this morning and not keep dropping down towards 12.50 area

12 Jun 2017 10:05 am
reversal up from 16.75 still needs a move over 20.50--22 and then hold over 20.50 at the lowest after that to keep upside going and a 10 AM low in place

12 Jun 2017 10:07 am
21 new resistance zone rejected, musket over that area and hold in order to attempt a turnaround and a better bounce than just a two minutes countertrend pop-up

12 Jun 2017 10:12 am
holding 18.75 2 times so far and needs to continue holding their and get through 22 on this move and hold 20.50 after that, and then still has 24.58 area to go through

12 Jun 2017 10:14 am
bounce is likely going to fail at least on the first try to get over 22 and must told 18.75 or else still good downtrend and another bounce likely sold again in that case

12 Jun 2017 10:19 am
so far holding just above 18.75 prior level low and now should make a move over 22 although 24.50 area would be next to clear. So far low minute 35 minutes after open, first 20-40 minute time frame

12 Jun 2017 10:21 am
turning down from 23 and has to get over 24-25 area for an attempt at the early high and not have another decent sized pullback here under way

12 Jun 2017 10:23 am
21.50-20.50 must hold down to keep from reversing back down again, keep uptrend intact and not breaking

12 Jun 2017 10:28 am
could not get through 23-24 again and turned down now must told 20.50 or else could be a bigger breakdown to test for break the low possible if no bounce from 20.50

12 Jun 2017 10:32 am
needs to turn up from 20.50 area with gusto above 23.50 and hold after a small pullback for another run up attempt and not continue to head lower from here

12 Jun 2017 10:33 am
bounces failing, should continue unless 23.50-24 broken above and then held around the area after that

12 Jun 2017 10:36 am
some support around 19 or just belo at 18.50 that would need to give a good bounce above 23.50 if this is going to try to get out of trouble this morning and not go back down to or through the lows

12 Jun 2017 10:39 am
a small trading range right now however with the Dow having more pressure on it today the ES should fail on this bounce and come back down again and could break through 19-18.50 where it has some support and either would reverse or breakdown to or

12 Jun 2017 10:41 am
small pullbacks quickly bid back up,, and could go for the 23.58 area now

12 Jun 2017 10:42 am
if broke and there is 26 and then 28.25 above where a turn could come from

12 Jun 2017 10:44 am
in a bigger trading range right now unless/until 23.50 is broken as that has been tested 3 times now and turned away. If broken through then could go on up towards 25.50-26 or more bbefore pullback. However failure to clear them need another drop t

12 Jun 2017 10:48 am
pop-up to 24 immediately turned down so the upside is limited here and pullback should come back down to the 21-20 area if this continues

12 Jun 2017 10:55 am
21.75 pullback low turned back up and just went through 24 and now needs to hold 22 in order to keep a good uptrend and not begin to reverse or top of for a bit. Should pullback from 25.50 The highest first

12 Jun 2017 10:57 am
double top on the Dow and only another token higher high with limited upside 24.75 and should be sold if another pop-up also and go back down to or through 22-20.50

12 Jun 2017 11:00 am
iif there is another pop-up from 22 then another test of the high or a token hire high should be sold again and another pullback similar to this one should happen and then probably bounce again if not break and hold under 22

12 Jun 2017 11:02 am
pullback should be 2.00--2.50 points off of bounce high and then turned back up again. Should be no more than 4.50 point pullback from the high for the stairstep higher move from the 10:05 AM below to continue

12 Jun 2017 11:06 am
25.25 token hire high but can keep going as long as a hold over 22.75 that is minor pullback support on this move

12 Jun 2017 11:07 am
token hire high and so far 2.00 point pullback and more than 2.50 could go another couple of points lower before a low is made

12 Jun 2017 11:10 am
another token higher high would also be sold, and another 2--3 point pullback after that. however getting above 25.25 should be hard to do with also 60 EMA at that area and a "last trapped" just below.

12 Jun 2017 11:12 am
so far just 2.00 point pullback and needs to go now under 23--22 if the uptrend is going to continue.. Another token higher high should fail, but if it gets momentum instead a chance at the 27 area

12 Jun 2017 11:18 am
pop-up to the token higher high at 26 turned down and should hold 24--23.50 at the very lowest or else uptrend would be breaking and a bounce high in place. Trend continues up and another token higher high possible otherwise

12 Jun 2017 11:20 am
stairstep high pattern continues however that should be an important bounce high if this is going to hold under the early high at 27.50 and just under 28.25 Friday close. better odds short up your now

12 Jun 2017 11:24 am
this hasn't broken down yet, as the 23-22 area should be broken down through to get this going back down with some momentum potentially, not choppy upside anymore at least but maybe choppy downside if not an acceleration lower on a break

12 Jun 2017 11:28 am
must continue holding 23.50 and run up above 26 or else the move on the upside is over for at least a while and a decent retracement likely underway.. unless broken however,, still uptrend with good resistance just above

12 Jun 2017 11:33 am
ES pulled out here under important high, –the NQ is in a stronger uptrend off of its low and made a higher highs for the day and backing away a bit,, it needs to hold 5705 and then especially 5698 if a breakdown.

12 Jun 2017 11:36 am
5805.58 area but more important is 5698 as that area was a bit of a transition area on the way up.. ES still a short under the high area, trying to hold support again but should break

12 Jun 2017 11:42 am
60 EMA on 5 minute chart has been holding the move down and just reached the 22.25 level and just above 22--20.50 support/ttarget on shorts and needs to hold hundred 24.50 area on a bounce in order to keep some pressure on the downside at the mom

12 Jun 2017 11:50 am
bbounce from 22 could not get over 24 ad with some gusto and needs to continue holding 22-20.50 and get back above 24 and be able to hold,, otherwise downtrend off of bounce high still in gear and could have bigger break under 20.50 towards 18 aga

12 Jun 2017 11:50 am
break under 22-20.50 could continue on down to 18 or lower before there is another decent bounce attempt

12 Jun 2017 11:52 am
ccould try bouncing from 20.50 but would not stand in the way as bounces should continue failing and could go to 18 area again or lower after bounce from support fails

12 Jun 2017 11:58 am
turning up from 21.75 support area and has a chance of taking out the 24 area and if so then another pullback will likely be bought. If 24 area rejected than back down to test this low

12 Jun 2017 12:00 pm
we have a choppy two-sided day going,and right now key areas are 21.25-20.50 on the bottom and 24 and then 26-27 on the top side. Needs to break one side or the other and be able to stick, otherwise could run from around the globe to around

12 Jun 2017 12:02 pm
currently now in a stairstep DOWN kind of pattern and as long as 23-23.50 not broken then choppy downside can continue,, but if taken out then could be a choppy move back up towards 26 area

12 Jun 2017 12:03 pm
which most likely would not be able to hold,, unless there is a strong run up and then small pullback to get up there. Just watch for bounces to continue failing at or below 23-24 for now

12 Jun 2017 12:05 pm
I am going to be away until around 1:15 PM but will update if free to do so and//or one is necessary.. Right now it's a downtrend with bounces failing under 23

12 Jun 2017 12:12 pm
quick note that the ES just reached the key area at 20.25 and turned right up so has to continue holding over 20.50 and go up over the last swing high at 23 in order to break the stairstep down pattern..

12 Jun 2017 01:06 pm
the downtrend continued and broke through 20.50 and held and chess came down so far to a higher low at 17.75 and bouncing, close to a 1-2-3 bottom, and needs to get back above 20.50 area and hold around there after breaking through to attempt brea

12 Jun 2017 01:09 pm
to attempt breaking the downtrend and trying a bigger bounce instead of just a bounce that fails in a downtrend. A moved back over 22-23 looks needed to get it back in bullish territory if still range bound

12 Jun 2017 01:14 pm
if the market is going to make a comeback then that 17.75 level will need to hold as a double bottom of sorts, and should get back above at least 20.50 on this bounce in order to try getting something more than a bounce going on the upside

12 Jun 2017 01:19 pm
should be a pullback from 22, or a little lower, and will need to get turned up and not go too far if it's going to get through 22 area and hold. That is the key area of here, not 20 but 22

12 Jun 2017 01:27 pm
this is where a pullback should come if the ES is going to stay in a downtrend, holding under 22 area and not breaking and holding above in order to continue this move higher to or through 23-23.50 move or more

12 Jun 2017 01:29 pm
23 level above which these broken is both a swing high and down sloping 60 EMA which has held late on Friday and on the bounce to 26-25.50 just after 11 AM

12 Jun 2017 01:33 pm
23 rejected and right now holding over the 21.58 area that could be pivotal and potential transition area if broken//held but if not then a failure and decent pullback again, which it looks like right now with limited upside at the moment

12 Jun 2017 01:36 pm
this rejection of the 23 area leading to what could be more than just a pullback if this goes back under 20.50-20 again and not turn right back up,, keeping this still in a range inside of a range right now

12 Jun 2017 01:41 pm
currently bounce attempt from 20.50 is saving this however still needs a move over the 23 level on this move up or else just a failed bounce attempt and another moves lower than likely

12 Jun 2017 01:45 pm
acting like it once to roll over again and if this comes down through 20.58 should continue towards 19.2518.58 area where it must get turned back up or else have a bigger breakdown underway

12 Jun 2017 01:48 pm
the 60 EMA on the 5 minute chart has been acting as good downtrend resistance since topping their just before closing last Friday and again at 11:15 AM and just again at 1:30, and unless 22.50-23 broken//held to get upside breakout attempt, mar

12 Jun 2017 01:51 pm
still looks like potential breakdown as pressure should be on the downside holding under the 21.50 area at the moment

12 Jun 2017 01:57 pm
should hold under 20.25 in order to continue the pullback down to or through the last low at 17.75 wwhich looks likely at this point

12 Jun 2017 01:58 pm
you can expect another bounce to be sold into, they are not able to hold all day..

12 Jun 2017 02:03 pm
bouncing from just above the 17.75 prior swing low and 1.50 points above the 16.75 early low,, and now with 3 lows down there at 18.25-16.75 area that will need to hold the rest of the day and make a good run up in order to keep the market out of t

12 Jun 2017 02:09 pm
this 20.58 area should be a pivotal area to clear and hold here in order to get another run up going that may be able to get back to the 22.50-23.50 resistance which needs cleared to get into a decent uptrend that may have a chance to stick for

12 Jun 2017 02:17 pm
should have some good lows in place with buyers coming in 3 times in that 18.25-16.75 zone, just a 1.50 point zone that must told the rest of the day . Another dip should be bought as this

12 Jun 2017 02:20 pm
touched the 22 new resistance and also just under 60 EMA on 5 minute day session only chart, and unless broken through this is still vulnerable for another pullback and not sure if it goes all the way back down or part way and holds 20.50-20 where

12 Jun 2017 02:24 pm
needs to make a higher low again on this pullback and stay above 18.25 last swing low. If they cannot get turned around from the 20 area, then potential of going back down to or through the lows more likely instead of another rebound in this ra

12 Jun 2017 02:28 pm
we have had some two-sided action in what is basically still a downtrend and with the Dow cash also close to breaking a double bottom there will need to be a bounce that takes up the 22 area and also 60 EMA in order to avoid potentiial breakdown

12 Jun 2017 02:32 pm
and the time frame were a reversal of some sort should begin so it looks like there needs to be a good bounce start from this 19.75 low and get above the 22 area and be able to hold

12 Jun 2017 02:35 pm
this move higher starting with about 90 minutes left in stock trading needs to push above the 22-23 area and holds over 22 area after that in order to get a run up that is able to stick for a change. Pullback more likely before another turn up

12 Jun 2017 02:41 pm
poked up to the 23 top of the resistance zone and should only have a small pullback and hold at or above 21.50 area or could keep coming down to or through 20

12 Jun 2017 02:44 pm
going to pull back from a Poke up to 23.50 and will need to bounce from 22 area or keep going down to 20.50 or more, if 20.58 area broken through then fourth time in down to the 18.25-16.75 area, but doubtful that occurs

12 Jun 2017 02:48 pm
the move is stalling out and a pullback needs to hold 22.50 area or else could begin to have a bigger pullback/breakdown at the end of the day here

12 Jun 2017 02:54 pm
so far pullback able to hold at 22.25 to avoid a potential breakdown but that pullback can happen any time however doubtful that there is a complete breakdown, likely another dip down under 22 but hold over 20 if not going to breakdown

12 Jun 2017 03:00 pm
a very slow pullback turned up from the 22.25 level and holding that 22 area so trend is still up at the moment and needs to take out this 24 bounce high.. If it cannot get there, then a break under 22 can start something on the downside

12 Jun 2017 03:01 pm
this bounce likely fails and comes back down under 22 and if so had down towards 20.50-20 which must told to avoid better breakdown 24 through 18--16.75

12 Jun 2017 03:15 pm
if there is going to be a late day pullback the ES would need to go back under the 22 area and not get turned right back up again. Instead there would need to be follow-through. should continue to grind higher otherwise, as long as holding over 23-

12 Jun 2017 03:17 pm
as long as the 23-22 area is held the ES can avoid a late day reversal down to or through 20-20.50. There could be another push higher if 23.25-23 area is held

12 Jun 2017 03:19 pm
bounces up into this area have had a hard time holding today and this needs to keep pushing and get over 25 and hold around 24.50 area after that.. A failure to do that up here should stop this grinding higher

12 Jun 2017 03:21 pm
don't really trust us to go much higher and be able to stick so what's the 25 area if reached as there should be some follow-through up towards 26 and then could be sold if not knowing up to 27.50 high of the day

12 Jun 2017 03:22 pm
this is an area where shorts can be taken and you will probably get them back. Upside should be limited from here, still would need to get over 25 and be able to hold. Could rollover if unable to clear 25 soon, which looks unlikely at the moment

12 Jun 2017 03:24 pm
trading has quite a bit and should be rolling over soon if this goes below the 24 area and not get turned right back up

12 Jun 2017 03:26 pm
starting to roll over from the 24.75 bounce high which should not be taken out and able to hold at the end of the day. Should be more pullback and then possibly a bounce if not just another weight day freefall

12 Jun 2017 03:27 pm
in the last 35 minutes it looks like he can sell a bounce up here and you will get them back. Look for any kind of bounces to fail the key support to break through and hold is the 22 area..

12 Jun 2017 03:30 pm
bounces should continue to be sold into, and if they go under 22 they could keep going down to the 20 area which is a key area to hold for us risk breaking down through the 3 low and go under 16.75 possible if downside gets momentum

12 Jun 2017 03:30 pm
have a great rest of your day. I will meet you here in the morning but the comment before the open.. Have a great rest of the day!

 

INTRADAY LOG FOR THURSDAY - JUNE 1, 2017

01 Jun 2017 09:11 am
Good morning. the ES is going to need to at least get to test the 17.50--18.50 area or else,, and more likely, turned down from under that high for a lower top

01 Jun 2017 09:14 am
whatever the case even if it gets to the 17.50-18.50 area it should have a hard time holding. Should come down to 14.75 and fill the gap

01 Jun 2017 09:19 am
and it looks like 15 area needs to be broken and held under after broken for this current uptrend to be broken. I will update a little bit after the open and then meet you online around 10:30

01 Jun 2017 09:35 am
the small gap up higher sold and gap just filled and holding under 15.50 area keeps pressure on for now down to 13-12 which must not be broken and held this morning

01 Jun 2017 09:40 am
holding the 12-13 area but should break if a bounce holds under 15 which should be pivotal aand head towards 10.50 area initial support

01 Jun 2017 09:43 am
the strength oon the open was sold from a little bit under the all-time high and needs to be broken through and help on this bounce off of 13-12 now key support

01 Jun 2017 09:45 am
I will meet you online around 10:20

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in his e-book. This is an included perk in a "real time" subscription, there is NO EXTRA CHARGE.

01 Jun 2017 12:13 pm
17.50 must hold now

01 Jun 2017 12:19 pm
Very software is running very very slow and the ES should try for 22-24 area on this move and must not go back under 18.50-1754 then break them breakdown

01 Jun 2017 01:09 pm
so far the ES just popped up over the 2424 resistance and now should only have a pullback of about 1.50-2.50 points in order to keep that trend up action going

01 Jun 2017 01:17 pm
after the early pullback from 17.50 down to 13.50 there has only been 3 pullbacks and all three were 1.50--1.75 points so shouldn't be more than about a 1.50-2.25 point pullback or else upside symmetry breaking and bigger pullback likely to come

01 Jun 2017 01:20 pm
last levels of the day at 28 and then up around 32 if this goes parabolic today

01 Jun 2017 01:29 pm
the ES has been holding the 9and 18 EMA on the 1 minute chart since around 12:40 PM all the way up aand just did again after a 1.00 point pullback and made a higher high,, 24 now strong uptrend support on the way towards 28 if not broke

01 Jun 2017 01:40 pm
ES would need to break 24 and hold

01 Jun 2017 01:47 pm
if the ES doesn't keep the rally going by bouncing off of 24 then chance of coming back to 22.58 area and may be a bit lower

01 Jun 2017 02:05 pm
So far holding 24 is just the fourth pullback of 1.75 points or less sense turning up at 10:50 AM, so breaking 24 could start a rollover at least test 22.50-21.50

01 Jun 2017 02:12 pm
pop-up from 24 keeps the symmetry intact, old resistance acting as new support and should keep going 27.50--28.50 or more

01 Jun 2017 02:24 pm
another tiny pullback and not too far away from the 27.50--28.50 zone where there would need to be more than just a 1.50-1.75 point pullback like the last 4 small pullbacks on the way up

01 Jun 2017 02:37 pm
a break under 24 would also break the symmetry leaving a top in place for a while at least on the way to the 22.50 or more

01 Jun 2017 02:47 pm
if this finally breaks 24 then 22.50 area should hold as new support and get turned back up or else the market would be breaking down instead of staying bullish and the giving another decent run up

01 Jun 2017 02:58 pm
this move can go through 24 down to the 22.50 area however should be bought around there if it is going to bounce back again and continue to be a trend up kind of day..

01 Jun 2017 03:07 pm
holds 25.50 keeps pressure onto break 24 and a quick move down to or through 22.50 before bouncing again

01 Jun 2017 03:11 pm
just broke down and so far went to 23.50 but should go a little bit further before another bounce attempt to get back above 24 again and hold.. Still has 25.50 it would need to run up through and keep going towards 27.50-28.50

01 Jun 2017 03:24 pm
the ES is still in a trend up move as long as 24--23.50 area is held and turned up,, otherwise would go down to 22.50 instead of making another attempt at reaching 27.50--28.50

01 Jun 2017 03:38 pm
with the ES holding 24 the last 25 minutes can avoid trouble and go for 27.50-28.50 – have a great rest of your day and I will see you in the morning.. Take care!

 

INTRADAY LOG FOR WEDNESDAY - MAY 31, 2017

31 May 2017 09:09 am
Good morning! We are going to have a small gap up open if this holds over 14.50 on the open and it would be the first support in this uptrend

31 May 2017 09:13 am
a chance this could reach token new all time high at 17.50-18.50 area but should have a hard time holding if it happens to be broken

31 May 2017 09:14 am
14.50-13.50 is first support on a pullback.. I will update a little bit affter the open and then meet you online around 10:30

31 May 2017 09:34 am
holding under 15 shake keep pressure on down to 13-12 which must told or else could be a breakdown

31 May 2017 09:40 am
looks like 14.50 would need to be broken to get a run going otherwise has to bounce from 12.50-12 or else could break down.. I will meet you online around 10:30

31 May 2017 09:44 am
Econ data at 10 AM,, 14.50 needs to be broken and held to try another bounce otherwise under pressure

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in his e-book. This is an included perk in a "real time" subscription, there is NO EXTRA CHARGE.

31 May 2017 12:04 pm
The market has had trouble holding on bounces however even though 2404 support has been broken it has not been held below for long at all, avoidance trouble unless broken

31 May 2017 12:11 pm
if there is going to be a pullback from under the 2410.25 high of the day it should start from 2409-2409.50 or else ccould keep going towards 11-12 before reversing instead

31 May 2017 12:12 pm
pullback needs to hold around 2407.50--2407 or else it could go back towards 2404.50-2404 yet another time

31 May 2017 12:14 pm
I will be away until around 1:15 but will update before then if I am free and an update is necessary.. Beige book 2 PM this afternoon

31 May 2017 12:24 pm
2409 is just under the 60 EMA and turned away at a lower high for the third time and if 2406.50 (has been pivotal) is broken 2404.50-22404 key area one more time

31 May 2017 12:26 pm
F 2409-2409.75 broken then could go on top to around 2411-2411.50 before backing down

31 May 2017 01:26 pm
the ES ran up from this 2406 area to 2409.50 where it had some small tails on the chart as it stalled out before rolling over and now needs to hold 2404 to bounce again – or else breaking down through 22402.50 and would need to get turned right b

31 May 2017 01:41 pm
with this holding at 2406 again and turning back up at is only putting off what could be a breakdown if it cannot get over 2409.50-2410.25 key resistance and without turning right back down. 2404.50-2404.00 equivalent key area on the downside

31 May 2017 01:54 pm
right now ES attempting to hold above 2404.50--2404 area before the beige book which comes out in about 8 minutes. Look for a run up to occur after the release,, would need to break and hold under 2404 to breakdown

31 May 2017 01:59 pm
Spike down should be turned around and bid back up

31 May 2017 02:06 pm
bounce off of 2404.50 needs to take out 2407 and not turned right back down or else could go back down to or through that area

31 May 2017 02:20 pm
the ES broke 2404 by 1 tick and turned up and should hold on any pullback now as his tries to take out 2407 and then especially 2409.50--2410.25 area or else another decent pullback

31 May 2017 02:37 pm
2407 broken through and now needs to hold over 2406 at the lowest and turned up to get up to 2410 area again and should be hard to above 2410 and hold up there…

31 May 2017 02:41 pm
stays in an uptrend and bullish up to the high as long as 2407 area is not broken through and then holds under 2407.75 on a bounce after that

31 May 2017 02:48 pm
rolling over a bit on a two-sided day and needs to hold 2407.25--2406.25 at the very lowest

31 May 2017 02:53 pm
breaking down again as all of these bounces have been failing. The ES hasn't spent much time above 2409 without coming down today,, and hasn't stayed under 2404.50 very long without popping right back up.. Still needs to run up from 2406.25 o

31 May 2017 03:06 pm
this run up to 2409.25 is not sticking over 2409 and those can be used for shorts if you want as a pivotal level it should be.. vulnerable up here unless able to hold over 2409

31 May 2017 03:16 pm
the ES and has been going both ways today and now it looks like 2406 needs to hold or else the door would be open for a move down to or through the 2404.50-2404 support. Another move to 2409 needs to hold, not reverrse AGAIN

31 May 2017 03:19 pm
if this goes over 2409 again and then turns down again then another decent pullback can happen. But, if 29 is broken and holds then ccould keep going on up towards 11--12 area and maybe a tiny bit higher

31 May 2017 03:29 pm
so far 2410 has been reached and should keep pushing higher as long as holding above 2408.58 area on a dip from this bounce high, and then likely come back down again

31 May 2017 03:50 pm
I got called away and it looks like the market will avoid a poor close as long as it holds over 2409.50. Have a grreat rest of your day!

 

INTRADAY LOG FOR TUESDAY - MAY 30, 2017

30 May 2017 09:03 am
good morning! There will be a lower open but should try to bounce back,, that fails

30 May 2017 09:13 am
has to get back above 12 area And then hold around there afterwards to get up to the 15 area or higher. But, holding under 12 can go down to 2408 area or more

30 May 2017 09:20 am
market should be under pressure today after 7 straight up day in new all time highs and the VIX at multi-decade low.. If you bought the VXX last week keep them for now

30 May 2017 09:20 am
I will update a little bit after the open and then meet you online around 10:20

30 May 2017 09:38 am
reversed from the 2408.50 support and the 12th. Needs to be broken and held or else pullback to the 10.50 area needs a strong bounce or else breakdown possible

30 May 2017 09:42 am
pullback reached 10.50 so far and ES needs to get over 12 and hold in order to be out of potential trouble and breakdown under 2408

30 May 2017 09:44 am
if a failure to break/hold 12 then 10.50 area could be pivotal

30 May 2017 10:04 am
10.50 key

Tuesdays, Wednesdays, and Thursdays from 10:30am-12:00pm Eastern Time are our Live Audio/Visual Trading Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in his e-book. This is an included perk in a "real time" subscription, there is NO EXTRA CHARGE.

30 May 2017 11:53 am
the ES bounced from the 2408.502408.00 support twice so far and the second bounce stopped under the 2413.50 high and in a 1.75 point range nearly 1 hour

30 May 2017 12:01 pm
would expect this to have a break to the downside and not another run up, bbut if I'm wrong and there is a ruun up then it should have trouble up around 14.50--15 today

30 May 2017 12:04 pm
right now as long as the ES keeps holding the bottom of the 12-11 zone and does not go back under 11, then it keeps the door open for a move higher, but even so likely not able to hold. A break under 11 needed to get downside knowing

30 May 2017 12:10 pm
the ES has been in this range sense 10:40 AM, almost 90 minutes now which is a long time for a 1.75 point range and should be a break over this lunchtime trading before 12:30 PM and should be to the downside if it's going to happen by then

30 May 2017 12:14 pm
11 must continue holding to avoid breaking down.. I will be back around 1:15 and update before then only if I am free and is necessary

30 May 2017 12:55 pm
we got the breakout over 12.75 top of that tiny range to the 13.50 first resistance and backing away, needs to hold and turned up from 12.75-12.50 tto keep uptrend and avoid potential reversal

30 May 2017 01:19 pm
the market is trading very slow without much movement at all after the first hour and the 2 bounces from 2408 support area but getting top-heavy and could end up going back under 12.54 more on this move

30 May 2017 01:29 pm
the ES just reached 12.50 and if it goes much further following the Dow there's a chance it could go back towards the 11 level which was the bottom of that prior range and also the initial support that must hold or else 2408.50 area again or m

30 May 2017 01:41 pm
must hold 12.25 and get above 13.50 and not turn right back down or else eventually come down through 12 again on the ES or more

30 May 2017 01:51 pm
the ES is trying to base at just above the 12 level and keep the market out of trouble but it is going to need to keep going above 13.50 up to the 14.50--15 area.. A failure to declare 13.50 could cause a pullback

30 May 2017 01:55 pm
very difficult trading the ES after the first hour of good movement and less you are just buying down around 12.25 area and scalping out on the little bounce attempts, or sold after reversing from 14.50 updated 14.50-15.00 resistance given earli

30 May 2017 02:18 pm
if there is going to be a breakdown it should begin soon by taking out 12 and then the 11 without turning right back up. However a move over 13.50 again could possibly go up to token hire high at 15 area and turned down,, unless it starts som

30 May 2017 02:33 pm
should be at least a moved down towards 11.50-11.00 at the most if there is finally a break under 12.25 which has been holding since 1:30 PM

30 May 2017 02:45 pm
the token lower low and reversal came in the time frame for a turn if there's going to be a bounce to test or breakthrough the high. The way the market has acted today I don't think it gets set for

30 May 2017 02:46 pm
update and about 8 minutes or so.. 13.50 important above and 11.50-11 very important below in this trading range right now

30 May 2017 02:59 pm
I have seen days like this have some big moves happened in the last hour,, but doesn't appear that will be the case today unless somehow the ES breaks above 13.50-14.50 was some gusto,, keep going through 15 and holding.

30 May 2017 03:00 pm
or, breaking down through the 11 and then holding under 12 on a bounce and keep going down with some moments to slice through 2408 low

30 May 2017 03:07 pm
pullback will need to be small and hold around 13-12.75 at worst if going back up again

30 May 2017 03:20 pm
bouncing off of 13.00 new support and needs to though on up through 14.25-14.50 double to attempt another move higher and not being in a late day pullback support potential breakdown

30 May 2017 03:23 pm
ES cell has to come down and break and hold 12-11 in order to get a reversal and further downside then

30 May 2017 03:27 pm
tthe market has been in another narrow range day so far with a chance of breaking down through 12--11 and if that does happen and it picks up momentum then 2408 double bottom at support would be next and 22402 if a nosedive for some reason

30 May 2017 03:28 pm
have a great rest of your day.. The update in the evening and I'll meet you here in the morning.. Take care and short bounces.. Hang onto the VXX

 

 

 


 

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