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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 WEDNESDAY - MAY 24, 2017

24 May 2017 09:04 am
good morning. no change from last night's update with the ES up just .75

24 May 2017 09:11 am
my internal indicators so close to across-the-board extremes it should be a two-sided day or a potential reversal day if a break and hold under 96-95.

24 May 2017 09:17 am
buyers are still going to be in control however unless or until there is a topping pattern or break of 95

24 May 2017 09:24 am
we have had buying on the open the last three days so if the ES doesn't get through 2400 and early than likely come down and take out 95 and maybe to work 92-90

24 May 2017 09:26 am
should be a reversal though later than around 10:30 tomorrow morning or else would be in a little melt up kind of moves

24 May 2017 09:28 am
99-98 needs to hold as support now

24 May 2017 09:29 am
the update in about 5-10 minutes and then meet you online around 10:20

24 May 2017 09:32 am
a bounce should not be able to hold for very long

24 May 2017 09:34 am
so far bouncing from 98.75 and needs to hold 98 in order to avoid a potential breakdown.. Could do that if unable to clear 2400 and hold

24 May 2017 09:36 am
should be a high in place if this goes under 98 and not get turned right back up and go through 2400 and stick

24 May 2017 09:37 am
should cut through and go for 95 area. Meet you online around 10:20

24 May 2017 11:21 am
grr,,,,, lost connection from go to webinar – working on the issue in will let you know if fixed.. Right now has to hold under 98.50 and break 97 for anymore downside off of 2400 now good resistance to clear and hold

24 May 2017 11:33 am
it looks like it might be a little while before things get straightened out. I will update here ASAP.. At the moment market avoid trouble as long as 97 holds

24 May 2017 11:50 am
so far the ES has been in a very.Narrow range just 3.50 points so far and there should be a breakdown over 2400 for a breakdown of some sort, or below 97

24 May 2017 12:05 pm
what a chance of going down to work as 97should continue holding below is 99

24 May 2017 12:20 pm
I am going to build a until around 1:15 this afternoon but will update if I am free and able. This should not stay in this tiny range all day, and narrow range days often times lead to big moves wants broken through/held

24 May 2017 12:59 pm
the bounce from 97.50 was just above 97 support and another higher low, and if it can hold 97.50 there is a chance for one more move over 2400. if 97.50--97 broken then 95 is a key support, then 92-91. if a pop-up 2400.50 minor resistance then 24

24 May 2017 01:20 pm
the ES is backing away from another lower high at 99.25 and could finally take out the 97 area,, but will not breakdown unless the Dow also rolls over and it is just under its high of the day with a totally different pattern

24 May 2017 01:21 pm
FYI, the NQ has been the weakest all day and has been a better trading vehicle with the ES in its tiny range.. 17 points versus 3.50 points on the ES

24 May 2017 01:37 pm
still a very very quiet and Thinly traded market, and if it's going to bounce back and try giving above 99.25 and finally make a higher scoring high on 5 minute chart, with the Dow still going higher, looks needed to have a chance to break out o

24 May 2017 01:49 pm
should have the fed minutes wake the market up a bit – they are released in about 10 minutes

24 May 2017 01:53 pm
Anyhow, the Fed minutes and about 8 minutes, if there is a run up and the all-time high area around 2403.50--2404.50 could be tested/broken, and taking out 97 and not reverse and could drop down to cou

24 May 2017 01:55 pm
if 97 is broken and not turned right back up with gusto, then could drop to the 92-90 band which is major area for today.

24 May 2017 02:02 pm
should end up coming down to work through 97 although may not stick if it does. It has been making a large triangle pattern with lower highs and higher lows,, could breakout over 98.75

24 May 2017 02:03 pm
still has 2400 area as good resistance that will likely be sold into.. May be a better short than a long from that area if the reached

24 May 2017 02:04 pm
if a top is not made and reverse today than it should happen in the first hour tomorrow morning at the latest. I am buying some put options on the bounces up here

24 May 2017 02:04 pm
range expansion should happen to the downside and going down to the 92-90 area is only and 8-10 point pullback

24 May 2017 02:07 pm
a quick reversal and could get a test of the 2400 area if this is able to get over 99 can only have a small pullback after that, otherwise back towards the low but a higher low most likely

24 May 2017 02:10 pm
still has a chance to get over 99 and then hold after a small pullback to get up to four through 2400, but knowing back under 98 and not turning up could start a better pullback first

24 May 2017 02:12 pm
I am going to scratch out of these put options and wait until late in the day or early tomorrow to see if things are changing.

24 May 2017 02:15 pm
2403.50-2404.50 should be reached on this move and ccould be rejected but should be able to avoid any trouble as long as 99-98.50 area is not reached or broken

24 May 2017 02:18 pm
holding over 2400-2399 will keep this in an uptrend and continued on up to the 2303.50-2304.50 area, or a little bit under and then would need to test or break 2400-2399

24 May 2017 02:21 pm
has to take out 2404.50 area in order to get into a new all time high territory, and a failure to clear that area and breakdown under 2400-22399 is possible//likely

24 May 2017 02:28 pm
the ES is holding the 2400 level and as long as it does not go back under 2400 and hold it still has a shot at 2403.50-2404.50 on another push higher, maybe more

24 May 2017 02:31 pm
the internals or mixed with the breath slightly positive but volume ratio is negative..not exactly ideal when testing the highs. Sentiment has gotten stretched also, and doesn't look like bounces are going to be able to stick if not a good bounce

24 May 2017 02:34 pm
another pop-up will be sold into,, and if no bounce from the 99 area then a chance this could begin to unravel a bit on the downside, neck support around 97.50-97 that must hold if reached

24 May 2017 02:35 pm
update and about 8 minutes or so

24 May 2017 02:47 pm
a little spike down to 2399.50 was quickly turned up to keep the ES from a potential breakdown. If it continues to drift lower than must go no further than 98 area or else would probably be too far and not able to come back

24 May 2017 02:48 pm
rright now this could still go back up either to make a double top/123 kind of top or else have enough test out to go through to the 2403.50-22404.58 area where it should have some kind of trouble unless strong momentum

24 May 2017 02:50 pm
6 point run up and 2.50 point pullback, and still is a narrow range day. Buyers are backing away up here, so must continue holding at or above 99 – which is also the middle of today's range or else top out//decent pullback or breakdown

24 May 2017 02:54 pm
2401-2402 lower high is proving hard to get through, needs to continue holding 2400-2399 at the worst, needs to go up through 2401 with gusto or else could breakdown

24 May 2017 03:01 pm
market does not want to stay up here right now.. Also we had the VIX dropped all the way down to 10.06 and turned up. That should not go under 10 and stay very long. Buying VXX could pay off nicely if something causes the VIX to jump 2-3 point

24 May 2017 03:03 pm
right now with the ES holding under 2401, it needs to continue holding the 99.50-98.50 area at lowest and quickly turned up with gusto, or else began a drop from that 2401 bounce high area

24 May 2017 03:06 pm
the NQ also just missed its all-time high by about 2 points so far today, and if a selloff starts from up here we leave a potential 123 topping pattern on the daily chart. Should be shorting bounces under 2401

24 May 2017 03:10 pm
bounce attempt from 98.25 and that area should be important support and the 2399.50-2400.50 area should be new bounce resistance that gets rejected if this is going to head back down again,, and not make another run up to test the high

24 May 2017 03:16 pm
ES needs to keep on going over 2400--2401 and only have a small pullback on this move for it to have a chance of going back up to the highs for higher

24 May 2017 03:22 pm
at the end of the day the ES needs to hold the 99-98 area in order to keep the upside intact and avoid a late day pullback.. There is still a chance to go to the 2403.50-2404.50 but should have a hard time getting there and holding today

24 May 2017 03:26 pm
in the last 35 minutes today the ES needs to hold at or above the 99-98 area for else there would be a chance for a breakdown Otherwise, there is a chances can still make a move to the 2403.50-2404.50 area although likely not today, unless white day

24 May 2017 03:27 pm
if the ES is unable to get back over 2401 and not turned right back down, then the door stays open for a late day pullback instead of further run up attempt at new highs.

24 May 2017 03:28 pm
have a great rest of your day. I will meet you here in the morning before the open.. Take care!

 

INTRADAY LOG FOR TUESDAY - MAY 23, 2017

23 May 2017 09:00 am
good morning. It looks like another higher open area should be sold into..

23 May 2017 09:01 am
there will be a short update after the open and then meet you online around 10:20 today

23 May 2017 09:09 am
this higher open should have trouble holding today and not go into rally mode right off the open

23 May 2017 09:23 am
a gap up open and 94.58 area first support now. Resistance at 97.50-98.50 need to be broken through easily handheld if going to a new all time high while somewhat overbought

23 May 2017 09:24 am
Econ data at 10 AM.. Next update after the open and then online around 10:20 or a little after

23 May 2017 09:32 am
strength being sold and come back down to 94-93 important support that should be broken and test the close from yesterday at least before another bounce

23 May 2017 09:35 am
almost to the 94.50-93.50 area and 92.25 key area just below that needs reversed

23 May 2017 09:39 am
bounce attempt from 94.25 gap fill and needs to get over 97-98 on a bounce and hold to avoid another push lower. – I will meet you online around 10:20

23 May 2017 09:57 am
Econ data and about 5 minutes. The ES came down to test yesterday's close and needs to get above 97.50-98.50 resistance, 95 current downtrend resistance

23 May 2017 10:01 am
90 key

23 May 2017 11:58 am
that ES backed away from 98.50 resistance but needs to at least break back below 97-96.50 in order to reverse the uptrend so in other higher high is likely unless that is broken

23 May 2017 12:01 pm
per last nights update early strength sold and pullback for a 10 AM reversal, and holding over 90 allowed the move up to 97.50-98.50. Just rejected again, now I must broken should be under pressure under 98.50 and especially under 96.50--96 area

23 May 2017 12:07 pm
99.00 rejected, but need to go back under 98-97.50 in order to break uptrend, need to hold around 98 in order to get up to 2400 or more and likely be rejected if reached

23 May 2017 12:13 pm
with the ES breaking and holding over the 97.50-98.50 area there is a chance as the 2400 level which should be sold and if not no higher than 2402 if it's going to make a lower high on this move

23 May 2017 12:20 pm
2399.50 highs so far just under 2400 and 98.50-98 area needs to get a bounce or else a high could be in place for a while anyway.

23 May 2017 12:20 pm
I need to be a way until around 1:20 PM and will update then or sooner if possible.

23 May 2017 12:28 pm
the ES just made a noontime reversal from 99.50 and so far 96.50 support has held however could continue down as far as the 94.50-94 area before there is a decent bounce attempt with a chance of sticking

23 May 2017 12:29 pm
back in about 50 minutes

23 May 2017 01:16 pm
the ES came down to the 95.25 level and held just above the 94.50-94.00 new support, and that should be important area to hold this afternoon or else the ES could go back down towards 91-90 if there is a reversal was some momentum

23 May 2017 01:27 pm
the ES as bounce back to the 97.50-98.50 zone again and if this turns back down from 98.50 under 97 and then holds under 98 after that to start a breakdown of some sort again

23 May 2017 01:28 pm
should hold under 98.50 if going to have another pullback of some sort,, with the Dow making a double top also. ES need to take out 97 and hold hundred 98 it looks

23 May 2017 01:38 pm
struggling a little bit to get above 98.50 however it still holding 97 and that needs broken then hold under 88 after that in order to get turned back down, instead of another attempt of knowing through 98.50

23 May 2017 01:40 pm
update in about 10 minutes.. This should roll over soon if it is going to

23 May 2017 01:53 pm
we have just a 7.50 point range so far today, and the pullbacks have been somewhat small so far. It looks like as long as 96 area holds on this pullback it is still climbing up the 60 EMA and holding as uptrend support until finally broken

23 May 2017 01:59 pm
if the ES cannot bounce back over 97.50 and hold now from this pullback to 96 and the 60 EMA on 5 minute day session chart, and has been above that since opening above that and pulling back to 85 yesterday morning

23 May 2017 02:03 pm
rejecting 97.50-98.50 area again however would need to know under 96 in order to be in a breakdown of some sort

23 May 2017 02:10 pm
should get a drop again from this range UNLESS it is going to make another run up to or through the 98.50 and test the high. Could break under 95 other wise

23 May 2017 02:11 pm
the NQ, which led the way up until last Wednesday's breakdown, has been the weakest index all day and currently just under 5700-5701, and if that breaks down again the ES should go with it..

23 May 2017 02:24 pm
a slow drop down to 95.75 was just turned up and needs to keep going and take out 97.50-98.50

23 May 2017 02:30 pm
the ES has been and just a 4.50 point range after turning down from 99.50 at 12:10 and turning up from 95.25 at 12:55. Odds are looking better for this to break to the downside holding under 97.5-98.50 this afternoon

23 May 2017 02:35 pm
a feeble bounce attempt not holding and a move under 95.50-95 area could be the start of a breakdown going through 94 and getting some momentum.

23 May 2017 02:38 pm
with this holding and basing out around 95.75, and the Dow headed back up to test a triple top,, there is a chance this could make one more decent run up before being sold again

23 May 2017 02:41 pm
watch for the ES to attempt to test at least the 38 area and maybe a little higher before another pullback of some sort. Currently safe holding over 96.75

23 May 2017 02:42 pm
update and about 8 minutes.. A chance for a run to or through 98.50,, potential to test the high and then pullback again

23 May 2017 02:53 pm
a run up over the 98.50 level again to a lower high at 99.00, however all pullback seven them but so far today so if this can turned back up from around the 97 area there could be yet one more run up again today before another pullback occurs

23 May 2017 02:54 pm
if there is a break under 97 instead been a bounce that follows should be sold into instead

23 May 2017 03:03 pm
so far the pullback turned up at 97.50 and could make one more run up run up if able to hold, however would not stick for very long

23 May 2017 03:06 pm
held and turned up from 97.50 new support and giving another pop-up that should be sold into, not get to the 2400 area until later if it is going to

23 May 2017 03:08 pm
it is the NQ that is catching a good bid and ES going with it on this push higher from 97.50 and has a shot at the 2400 area but should be rejected

23 May 2017 03:11 pm
this pullback needs to hold 97.50 or else there could be a late day breakdown of some sort

23 May 2017 03:16 pm
must continue holding 98-97 area and get turned back up again in order to keep this in a strong uptrend and go for another higher high

23 May 2017 03:19 pm
the internals are strong again today and should put all indicators into overbought extremes. today has been a two-sided day so far and still vulnerable for a decent pullback. tomorrow should begin pullback phase again if not late in the day here

23 May 2017 03:22 pm
should hold under 99.25-999.50 double top and come back down under 97 in order to keep reversal going

23 May 2017 03:24 pm
in the last 35 minutes there is still time for one more run up but should not be able to stick.. If there is not a run up, then the ES needs to hold 95.75-95.25 in order to avoid bigger breakdown

23 May 2017 03:27 pm
ES will need to hold right around this 96.75 level and turned up if there is going to be one more pop-up before the end of the day. Like the others it should not be able to hold, and less a breakout over 97.50-98.50 is held

23 May 2017 03:27 pm
have a great rest of your day. I'll send you the update's evening and then meet you here in the morning with a quick comment before the market opens. Take care!

 

INTRADAY LOG FOR MONDAY - MAY 22, 2017

22 May 2017 09:13 am
Good morning. not sure if early strength will hold or not, but probably not if 83.50 is not held, or cannot get above 85.50

22 May 2017 09:23 am
85.50 will need to be broken and then hold 83.50 or could keep going to work through 81.50-81 closing range from Friday and likely pivotal if reached.. It has to get over 87-88 to continue very strong, try telling gap around 93

22 May 2017 09:24 am
update the little bit after the open..

22 May 2017 09:34 am
good uptrend as long as a hold over 84.75 at the lowest on the way up to work through 88 area

22 May 2017 09:36 am
86.25 needs held now or could be more than just a pullback/dip

22 May 2017 09:40 am
needs to hold 88-87 now to go to the 92-93 area although might need to be a straight line up there which is not great odds as there should be some trouble at least around the 90 area

22 May 2017 09:42 am
88-87 minutes to hold low as new support and order to avoid a potential reversal

22 May 2017 09:46 am
small pullback so far and holding above 88 and could now go towards 93 area which should be key if reached

22 May 2017 09:51 am
only a token hire high so far at 90.75 and needs to hold 88.50-88 area or else a bounce that follows will fail unless it has good moment some to get up to the 92-93 area

22 May 2017 09:55 am
so far a top 20-40 minutes after open and coming back down through 88.50-88 should make it hard for another bounce to be able to stick and then can come back to around the 85.50-85.25 opening range

22 May 2017 09:59 am
bounce attempt from 88.25 would need to go over 90 and hold not fail or else it would come back down to work through 90 than,, instead of potential run up to court through 92-93 area

22 May 2017 10:07 am
pullback and bounce off of 88.25 keeping the market in an uptrend and 88-87 is new key support that must told in order to get to the 92-93 area or higher

22 May 2017 10:07 am
have a feeling that it's not going to get that far this morning.. – ES just now backed away from the high and could go back down to or through 88-87 now

22 May 2017 10:14 am
currently holding 88--87 however the VIX went to an extreme at 11.26 and is reversing up and that is a red flag along with the double top

22 May 2017 10:16 am
87.25-86.50 area needs to get a bounce with gusto or else could go on down to around 85 where the ES opened at 9:30 AM and breaking that continue 83-81.58 major area today now

22 May 2017 10:21 am
ES is holding right on the 88 level but not bounce a much and unless 90 is broken it is still headed lower to or through 87-86.50 area or lower

22 May 2017 10:26 am
needs to go over 89 and not turned right back down for a chance to get turned up and not go through 87-86.58 area, although was could continue down to through 85.25 9:30 AM low down to 81.50 Friday close

22 May 2017 10:32 am
has to get over 89-90 and not turned right back down in order to avoid another drop/pullback and attempt to test or break through double top at 90.75 instead

22 May 2017 10:36 am
89.25 spike high immediately sold so far to 86.75 and should not go much further past 86.50 or else can continue down to work through 85.25 opening low then down to 82-81.50 closing range from Friday

22 May 2017 10:45 am
86.25 new support area held and now a bounce will need to take out 89-90 and not get turned right back down like the last couple times up there to avoid yet another like down to another lower low on this move

22 May 2017 10:47 am
if so the the 82.50-81.58 area needs to be held at or above in order to keep the market bullish for the day and not a reversal back under 84.50 going down to or through Friday close

22 May 2017 10:53 am
85.25 9:30 AM low was tested and holding under 88 which was sold the last 2 times is resistance again that needs cleared and held on a little pullback, or break 85 and test 82.50-81.50 possible yet

22 May 2017 10:56 am
next pullback should get bid back up again but should not go back over 88 in order to keep downside trend and momentum off of the high at the moment

22 May 2017 11:00 am
5681-5679 on the NQ needs to hold also has the bottom of a sideways consolidation up here, quite a bit stronger than the ES, to help with further breakdown if broken through//held

22 May 2017 11:03 am
3 bounces of 2.00-2.50 points so needs to get through 87.50 and not turned right back down or else downside symmetry still in tact and another portion lower

22 May 2017 11:15 am
so far a 2.25 point bounce turned down at 87.25 resistance and backing away two test tour break the 85 low at 9:30 AM and 10:50 AM this morning and a key area below, has to hold or else 82-81 could be next instead of test score break the 87.50-88

22 May 2017 11:19 am
trying to get turned around and bounced back may be to test or break the highs but has to go through 88 and then hold around 87 area after to do that

22 May 2017 11:23 am
should be an important low and now at the 85 area where the ES both opened and made its pullback low so far. However if the ES cannot get over 88-88.50 and then hold and turned up from 87 area after that, then could come back to or through 85 area a

22 May 2017 11:28 am
just a heads up. I need to cut out around 11:40 AM this morning and may not be back until around 1:15 after that.. However if I happened to be freed up and can update sometime around 12:30-12:45 or sooner I will do

22 May 2017 11:29 am
so. Right now ES back on a move towards 89.50-90 which it needs to hold over or else come back down to work through 87.50-87 which is beginning to act a bit pivotal

22 May 2017 11:39 am
refuses to get over 89.50--90 let alone get over and hold that area right now, but has to drop down through 88-87 and not get turned right back up again or it still has a chance rather than slightly larger pullback

22 May 2017 11:47 am
early strength sold and decent pullback to the 1 tick under opening range and bouncing back, so it is normal bullish action from lately but still two-sided and 90 resistance and 85 support key the rest of the day

22 May 2017 11:48 am
I need to have for now but will update as soon as it is possible this afternoon. This bounce failing and first support now 88-87 has to be maximum in order to get yet another decent bounce attempt. Back in a while

22 May 2017 12:17 pm
94.75 gap to go for

22 May 2017 12:21 pm
91 need held to have a chance 9475

22 May 2017 01:19 pm
after turning down from 93.25 the pullback held at 90.75 and this failed bounce attempt can lead to another test of that area and needs to hold 90 four else could go back to 87.75--87.50 nnew key area above 85

22 May 2017 01:23 pm
both the ES and the NQ broken held above the early highs however the Dow still hasn't cleared its 20,914 level. 20,903-20,907 has been rejected, it needs to form 20,890 two to avoid potential break lower soon with the NQ likely leading the way

22 May 2017 01:34 pm
if this stays strong and makes another push to a higher high the 94.75 would fill the gap from last Wednesday with the 18+ point gap down open. That was last Tuesday's low at 94.75 that must be filled or not going to test the highs. Selling into st

22 May 2017 01:40 pm
the ES broke out over 5686-5687 and then held at that area on a dip before making another new high along with the ES, and that 5686 level on the NQ needs to hold or else it could join the Dow in topping, along with the ES going down towards 88-87

22 May 2017 01:44 pm
the ES is not going to stay up your all week,, maybe not even the rest of the day the way it works sometimes, as with the internals being strong my internal gauges should be at overbought extremes if a close this strong..also,

22 May 2017 01:47 pm
VIX dropped all the way down to 11.14 so far today, a short-term extreme, and turned up – bearish and even more so if a move over 11.39 takes out it's last 5 minute swing high should be bearish also

22 May 2017 01:53 pm
must pop-up from 90 area for keep on going down towards 88-87 and if no sign of a turn from there then 85 double bottom. If there is a pop-up 92.50-93.50 is a resistance I somehow neglected to put in between 87--88 and 97-98

22 May 2017 02:11 pm
a poke down to 89.75 was turned up,, however the upside has certainly lost momentum, and would look like possibly just consolidation before moving higher, it could happen but not stick today or early tomorrow unless has news sparking buying spree,

22 May 2017 02:13 pm
if there is another run up of some sort look for that to be sold into. I am likely going to put on a swing trade of some sort, but may wait it out until tomorrow morning – or a little later this afternoon. Making a higher high and holding shoul

22 May 2017 02:23 pm
92.50-93.50 area should be rejected if it's going to come back down from this area and take out 90 and maybe keep on going this time to work through 88-87 if a breakdown attempt. Under 85 is the 82-81.50 closing range from yesterday

22 May 2017 02:30 pm
well now this is not much of a burst on the upside and getting back to or through the 92.50-93.25 high area is needed and 94.75 just above where there should be some sellers waiting

22 May 2017 02:34 pm
only a tiny pullback from 92.25 and a chance at a higher high and potentially 94.75 to fill that gap, and then would be only about 10 points under all-time high and should be hard going parabolic

22 May 2017 02:44 pm
needs to get the Dow cash over 20,904-220,908 on this move up or not going over the high, and not go back down to 20,888-20,884 or else break the bottom of this sideways range

22 May 2017 02:50 pm
the VIX has been following the 18 EMA on its 5 minute chart down to another lower low at 11.11 and a move over 11.23 breaks its last swing high on that chart and break the downtrend, bearish for stocks should that occur. Right now a slow trend up mo

22 May 2017 02:54 pm
current uptrend intact as long as 91.25--90.75 area is held. Would need to break under that and then keep on going to reverse. has an uptrend and slow but upside momentum

22 May 2017 02:58 pm
the Dow made it up to 20,904 and was hit with some selling and that should mark another top on this and another portion lower to the bottom of the range or more,, under 90 by a little bit at least

22 May 2017 03:04 pm
with my indicators in a place where they should be at overbought extremes (at least most of them, probably not all with the Trin at 1.33 right now. 3 day rally back to just below where the Tuesday lows and where breakdown occurred last Wednesday

22 May 2017 03:15 pm
the market has been in this 3.50 point range between 93.2 and 89.75 starting at 12:25 PM and the low at 2 PM, should take out the top and make a run up towards 94.75 , especially if the Dow cash able to continue its bounce and get back to work thr

22 May 2017 03:20 pm
looking top-heavy with the Dow not able to bounce much and holding quite a bit under its bounce highs now and if the NQ also presses lower the ES could head back to the 90 area which is the bottom of this range and must hold and quickly turned u

22 May 2017 03:30 pm
must bounce from the 91 area or else risk breaking down through 90 and potentially to the 88--87 area before the end of the day. Has to snap back up and take out 93 resistance

22 May 2017 03:31 pm
if this can take out 93 and not turned right back down again then there is a chance for a little run up towards 94.75 but would need to hold 92 -91 after that in order to avoid potential reversal

22 May 2017 03:33 pm
in the last 28 minutes of regular trading hours the ES needs to breakout of this range and not be turned right back down or right back up in order to avoid at least a quick moves in the direction of the breakout and then could be reversed

22 May 2017 03:34 pm
have a great day! Update this evening and then I'll meet you here tomorrow morning. Take care!

 

INTRADAY LOG FOR FRIDAY - MAY 19, 2017

19 May 2017 09:14 am
Good morning. It looks like this early strength will be sold into and then a pullback should be bought

19 May 2017 09:23 am
the ES should have a hard time going right up through 75 and hold early and an equally difficult time dropping down through the 58-57 area and holding

19 May 2017 09:25 am
the ES is bounced off of 68 and that area should hold in the early going if going up to 71.50 and then 75

19 May 2017 09:26 am
update about 5-10 minutes after the open or thereabouts

19 May 2017 09:35 am
backing away but should bounce from about 68 to keep an uptrend going and not reverse

19 May 2017 09:39 am
made to hold 71.50-70.50 at worst or else at least test or break 68 in stead of trying for 75 or more

19 May 2017 09:41 am
74-75 being backed away from and should only be a small pullback hold 72 or else could be a early high

19 May 2017 09:48 am
llikely headed towards 78 area on this move or a bit higher

19 May 2017 09:50 am
hhas to hold 74--73 area or else could be reversing or at least a decent pullback before another bounce

19 May 2017 09:52 am
at the 70--79 area and stays bullish over 75 for now

19 May 2017 09:53 am
there is a projection for this move to go up to around the 84 area however not straight up if it is going to be reached – should be some sort of pullback and this 9:10-10:10 AM timmeframe

19 May 2017 09:56 am
79 resistance was sold and so far 76.50 held and should be sold under the high at 79 or else a test of the 84 area possible before backing away

19 May 2017 10:00 am
76.25 pullback low so far and still holding under 79 so far but a chance to test or break if 76-75 is held

19 May 2017 10:06 am
sawing right at resistance and needs to take out 76-75 to attempt turning back down and leaving a high in place for a bit

19 May 2017 10:11 am
still grinding higher holding the 76.75 level and needs to keep holding 76 in order to stay out of trouble at the very lowest. The 84 area has two different resistance areas

19 May 2017 10:13 am
watch the 80.50 area for a reversal attempt if reached,, and if not through 76 it can still go towards the 83.50-84.50 area on this move

19 May 2017 10:15 am
biggest pullback has been just 2.75 points and would need to be more than that to change steady run up heading to 83.50-84.50

19 May 2017 10:20 am
looking top-heavy and should be hard to make further gains and be able to hold very long

19 May 2017 10:26 am
the ES touched 80.50 minor resistance and only backed away a small amount and needs to go under 78 and hold and dropped to four through 75 for a change

19 May 2017 10:27 am
headed to the 84 area on this move as long as just another small pullback with 80.50 being broken through also in a steady uptrend

19 May 2017 10:29 am
79-78 prior resistance is new support that needs to hold to keep the market in an uptrend and not begin to change dynamics

19 May 2017 10:33 am
this is going to be a top especially if it goes right down through 79-78 without any kind of reversal back up with some gusto

19 May 2017 10:39 am
still needs to hold and bounced from 79-78 area and not go down through that area and then hold under after breaking, that would reverse the uptrend for a while

19 May 2017 10:43 am
if that is not a high and place already as it appears than it will be if there is not a good bounce from the 79-78 area instead of further breakdown to Gore through 75 area

19 May 2017 10:47 am
a quick turned up from 78.75 new support and should try for the 84 area now if this can hold 79-78 still

19 May 2017 10:50 am
2 pullbacks of 2.75 points on the way up so far and that symmetry needs to hold and only have pullbacks of about 22.25-3.25 points to reach upside symmetry at 84 area

19 May 2017 11:01 am
84.50 and then 86.75-88 only in case if this trend up action continues and only pullback 2.25-33.25 points maximum and turned up on the ES

19 May 2017 11:02 am
could be a double top with this turning down where a tail wwas made on the first pop-up there

19 May 2017 11:13 am
another small pullback should hold 80--79 oon any pullback and keep going to work through 84-84.50 and possibly up towards 86.50-88 zone next

19 May 2017 11:16 am
a steady trend up day and with indicators VERY close to oversold extremes, could see RBI oscillator reach overbought and also the VIX plunged from 16.30 down to 11.72 (support area) aand turning into a red flag

19 May 2017 11:27 am
3.00 point pullback so far and further pullback still needs to hold the 79-78 prior resistance/news support in order to stay in a good uptrend and not begin to breakdown from 1 tick under the 83.50-84.50 last listed resistance for today,, and an

19 May 2017 11:36 am
finally showing some top-heavy action after just misting resistance but still needs to be able to bounce from 79-78 to keep uptrend for another bounce attempt is going to happen, need to be able to go back over 82 and keep going to make a higher hi

19 May 2017 11:47 am
still is a trend up move so far even though going sideways at the moment but unless 79-78 is broken then the market did be rolling over. Just as long as there is not a spike below and then right back up 79-78

19 May 2017 11:48 am
update and about 10 minutes

19 May 2017 11:58 am
this is still a trend up move although it could make a double top of sorts and pullback but would need to break down through 79-78 still

19 May 2017 12:04 pm
the ES made it to the 84-4.50 resistance and should back away but not too much and hold around 80 if going to get another push higher up to 86 area or a bit higher

19 May 2017 12:07 pm
this is where the ES opened down 18 point on Wednesday, and still has a ways to go to fill a gap at 92.25,, but not likelyy today but possible on this move: over 79

19 May 2017 12:13 pm
I need to be away until around 1:10 PM or thereabouts this afternoon. I will update if I can, and it's necessary.– the ES could back away from 84-84.50 but still likely going up towards 86.50 and then if easily broken 88.50, and then cluster of g

19 May 2017 12:41 pm
the ES just reached 86 and 86.75 could be important if this move is an up-down--up pattern with yesterdays 23.50 point rally, 50%% retracement to 63.25, and leg current leg 3 starting at 63.25 equals leg 1 of 23.50 point its 86.75 and just missed

19 May 2017 12:45 pm
biggest pullback so far all day and this trend up move has been 3.50 points twice aand now probably should hold over 83 which was also a high and 80 pullback low

19 May 2017 12:45 pm
I will be back at aroun 1:15

19 May 2017 01:04 pm
if this this move is not going to be a trend up move all day but have a than it should come from that 86.50 high and come down through 83 in order to break symmetry and start decent shakeout before another pop-up

19 May 2017 01:07 pm
should be a high in place especially going through 83 and not turning right back up and if that happens then it could lead to a move towards 79 or below higher and less something has changed

19 May 2017 01:17 pm
51.50 up to 75.00 was a 23.50 point rally,then 111.75 point and 50% retracement/pullback to 63.25. 63.25+23.50 = 86.75..now should have pullback of about 4.50-6.00 points maximum needs held and turned up with gusto, or could pullback towards 79

19 May 2017 01:31 pm
so far this bounce from just above 83 support is not very strong and needs to continue holding 84--83 or else could go down to or through 79-78

19 May 2017 01:33 pm
rrolling over from a cable bounce to a lower high at 85.25 and that area should be new resistance that needs to be cleared with some momentum, as this looks like it could go through that 83 area

19 May 2017 01:34 pm
update in about 10 minutes

19 May 2017 01:47 pm
trend up type of move still underway as long as this continues holding the 83.25 area as it has a cluster of support along with being 10:15 AM hi and then 12:20 and 1:05 PM lows

19 May 2017 02:06 pm
aa test of the high sold into and looking like it will be hard to get through and hold and especially if a break under 83

19 May 2017 02:07 pm
tthe market does stay strong however unless 83 broken and bigger uptrend support could be broken if 79--78 happens to be broken through

19 May 2017 02:10 pm
there could end up being a late day breakdown in front of the weekend,, especially going down through 79-78 it would be well underway

19 May 2017 02:12 pm
the ES is still pushing lower and and less inking get over 86 or else pressure could be on to at least take out 83 and possibly 79-78

19 May 2017 02:28 pm
the ES keeps getting it with some selling every time it approaches the high, but all of those drops have been held and turned up at or above 83 support, and it's still a trend up kind of day unless 83 broken and not turn right back up another time

19 May 2017 02:35 pm
up to new high and should keep on going possibly into the close if no reversal by around either 2:40 PM or around 3:10 PM. Even if that happens, uptrend still in tact holding over 84-83 now

19 May 2017 02:38 pm
the move over the 84-84.50 resistance The ES into the gap that it made when it opened down about 18 points on Wednesday, and the gap does not get filled unless/until 92-93 is reached and could happen today or Monday morning at the latest

19 May 2017 02:59 pm
the ES has been making higher highs and higher lows on a 5 minute chart, and should not go back down to or through the 84.25-83.25 area on this pullback and turned up in order for trend up move to continue, avoid potential link day breakdown attemp

19 May 2017 03:01 pm
84.500 would equal the Vegas pullbacks of the day and 83.25 is the small transition area after turnning up from 78.75 earlier

19 May 2017 03:07 pm
it's going to be hard for the market to turn around and try for another higher high now that about two breakdown further and should go to the 79-78 area and maybe lower

19 May 2017 03:13 pm
more news out of Washington helping to take the market lower to the 79-78 area,, and that should be a pivotal area at the end of the day

19 May 2017 03:14 pm
should be bounce resistance at the 83.50-84.50 area and should have a tough time getting over that area and holding, or potential run up
one more time that gets sold into

19 May 2017 03:25 pm
has to bounce off of 78 back above 82 and not turned right back down,, could break down towards 73-72 if on able to hold and bounced back again soon

19 May 2017 03:35 pm
could continue down to tthrough 78 to around the 75-74 area and that would need to hold or else instead of a rebound the ES could continue dropping back to work through 71.50, and looks like getting back over 82-83 needed to avoid more downside

19 May 2017 03:36 pm
I will send you an update on Sunday.. Then I'll meet you there Monday morning with a comment before the open. I will "see" you then. Take care!

 

INTRADAY LOG FOR WEDNESDAY - MAY 10, 2017

 

10 May 2017 09:08 am
good morning. no change from last nights update.any kind of early bounce is going to be sold into. 89-88 still important support that should/must hold

10 May 2017 09:12 am
the 92--93 area should be good bounce resistance. 95.50-96.50 needs broken or else market would be vulnerable for a decent drop

10 May 2017 09:14 am
update will be after the open and then online starting around 10:20 or a little after

10 May 2017 09:28 am
92-93 first resistance and 95.50-96.25 above that. 89-88 first support and then 84.50-84.00 not all that far below.

10 May 2017 09:34 am
pop-up from 90.50 reached 92.75 and was rejected so far and needs to go through 93 and hold 92 and turn up in order to get upside going. A top otherwise for a while

10 May 2017 09:44 am
has to be in early low and hold 90.54 of us breakdown to work through 89-88. A move over 93 area and hold 92 and turned up after that needed for upside to continue and not come back down again being sold into

10 May 2017 09:46 am
if short from overnight cover half at 91 or better and keep a stop around 93.50 or 93.75 as that would need to be cleared in order to try for breakout over 95.50 area from yesterday

10 May 2017 09:48 am
pressure is going to stay on holding under 92.50 high so far at old resistance and needs to take out 90 and not get a quick reversal with gusto

10 May 2017 09:49 am
I will meet you online around 10:20.. Should be a test or break of 89-88 the way this is acting right now

10 May 2017 12:00 pm
Even though the ES turned up from just above 89-88 report and rallied to the 95.50-96.25 resistance it needs to be taken out 94 two break upside symmetry and come back down to 92.58 area or lower again

10 May 2017 12:04 pm
so far 94 is holding but is going to need to get back over 95.50-96.25 and then be able to hold on a pullback of <2.00 point and turn up again in order to keep up side and not reverse

10 May 2017 12:08 pm
94 has held twice so far and if the ES doesn't get above 95.50 on this bounce and stick then eventually going to breakdown and head towards 92.50 or more

10 May 2017 12:09 pm
should be a short under the 95.50 area now down to 92.58 area or lower

10 May 2017 12:18 pm
93.25-92.25 is support under 94 if that is broken, and if that does not hold and give a bounce than could reverse and go back towards the low if the 91.25 level broken. Would need some momentum for that to happen

10 May 2017 12:21 pm
I will be away until around 1:15 and will update around that time, only before if I am somehow free and an update is needed. – if the ES does get over 95.50 and not reverse,, run up to 98-98.50 area next

10 May 2017 12:54 pm
994 has held on 3 tests so far as this is making a "cigar" type pattern between 94 and 95.25 that needs to be broken through//held on 80 dip or bounce after breakout in order to get a run of several points and direction of breakout – not pop and

10 May 2017 01:33 pm
tthere was a pop over the high up to 96.50 that was reversed but the pullback so far has told just above the 94 level which is turning into an even more important area to hold or else drop down toward 92.50 or maybe a lower

10 May 2017 01:33 pm
if there happens to be one more run up to another higher high beware of a reversal back down from around the 98 area

10 May 2017 01:42 pm
if there is going to be another run up then the ES should hold 94.50--94 at the very lowest. Must hold at or above that area to avoid a potential breakdown of choppy uptrend day

10 May 2017 01:52 pm
buyers were able to take this up from 89.25 up 6.25 points to 96.50 so far, and the narrowest range so far in weeks. And trading inside of yesterdays trading range.m just missed yesterday low by 2 ticks and turned up this morning

10 May 2017 01:52 pm
Could get a run up but would need to go through 2400 and order to erase the "inside day"

10 May 2017 02:00 pm
another little run up that could not stick and a chance of breaking down through 94 towards 92.50 or more

10 May 2017 02:05 pm
should keep going back down to the 93--92.50 area or more

10 May 2017 02:07 pm
expect another bounce to be sold into below the 95.50 level on this bounce if headed back down a bit lower through the 84 level which it just touched and turned up from

10 May 2017 02:20 pm
aanother bounce from 94 so far made it back to 95.50 and a pullback stilll needs to take out 94 in order to get any kind of breaakdown so there's a chance for another run up although it may not stick,, especially if a run up to 98-98.50 without a

10 May 2017 02:22 pm
well here they come down again.. Does not want to get over 95.50 and stay up there. Same with 94 Honda bottom. The Dow has been in a downtrend while the ES goes sideways, would need Dow to turn up to get over 95.50/attempts to hold

10 May 2017 02:29 pm
the Dow got hit with some selling bringing the ES down just under 94 so far and should test or break 93--92.50 as long as another bounce turns down from 95.54 lower. Should not get back over 95.50-96.25 resistance – broken by 1 tick while the low

10 May 2017 02:42 pm
still trading between 94 and 96.50, just a 2.50 point range sensor around 11:25 AM,, and if the Dow gets over 20,942 area and not fail, then the ES can get a push higher, otherwise another pullback that must told 94

10 May 2017 02:46 pm
another pullback should hold over 94 as long as the Dow is not getting hit with selling again on this bounce

10 May 2017 02:59 pm
the ES is back to 95.50 and backed away just a little bit so far, the Dow is stalling just under where it broke down from,, ES needs to get over 95.50 and Dow over 20,940 area and not turn right back down or else still vulnerable up here 95.58 a

10 May 2017 03:00 pm
Dow rolling over with out the ES going with it, so the door is open for a move over 95.50 and would need to get some momentum instead of another quick reversal

10 May 2017 03:04 pm
for this to hold up it looks like 94.50 should not be broken now – 94 especially. no damage done unless broken

10 May 2017 03:09 pm
96.50 high so far is both equal to the 1:05 top and reversal and also 1 tick over resistance, need to keep going and push through in order to try for 98-98.50, morose come back down towards 94.50-94 again

10 May 2017 03:20 pm
could be rolling over if this goes back under 95.50 and not turned right back up but instead continued down through 94 otherwise would keep on training higher

10 May 2017 03:21 pm
double top made 1 tick above the 95.50--996.25 area, and going back under 95.50 and not turning back up means selloff could be underway

10 May 2017 03:27 pm
3:15 PM reversal and a bounce from 94.75 has to get above 96.25 and be able to hold in order to get through the double top and maybe attempt 98-98.50 area

10 May 2017 03:28 pm
in the last 30 minutes the ES needs to get back above 96.25 and not turned right back down or else a pullback to or through 94 could occur. If so 92.50 area would need to hold to avoid bigger pullback

10 May 2017 03:29 pm
if there is a pullback and it holds above 94 and turns back up

10 May 2017 03:31 pm
could be a close solar two yesterday.. If this goes down and takes out 94.50-94 without any sort of a rreversal incidents

10 May 2017 03:33 pm
have a great rest of your day.. I will send you an update and then meet you here tomorrow before the open. Until then take care! should be going towards 94-93.50 pullback low areas and must told or else breakdown if 92.50 is reached and not reverse

10 May 2017 03:33 pm
have a great rest of your day.. I will send you an update and then meet you here tomorrow before the open. Until then take care! should be going towards 94-93.50 pullback low areas and must told or else breakdown if 92.50 is reached and not reverse

 

INTRADAY LOG FOR TUESDAY - MAY 9, 2017

09 May 2017 09:00 am
good morning. Early strength should be sold again and then the first pullback should be bought at or above 93-92 at the very lowest

09 May 2017 09:03 am
there is support at the 95.50-95 area before 93-92,, a slice right through 95.50-95 could go right down to 93--92 area

09 May 2017 09:06 am
unless something changes before the open I will update about 10 minutes after the open and then meet you online around 10:20

09 May 2017 09:16 am
S&P 500 cash had a new all time closing high yesterday by just .09 . Set to make new all time intraday high on the open again, and pullback should hold around 95.50-95 in order to be strong and avoid potential reversal. Update after the open

09 May 2017 09:21 am
Econ data at 10 AM that could cause some volatility for a change

09 May 2017 09:34 am
97-96.50 needs to hold or could be a reversal. Should go no farther than 2401-2402 and turned away if it's going to early

09 May 2017 09:37 am
has to bounce from 97-96 or has a chance that an early high could be in place and bounces fail after that until a decent pullback is turned up

09 May 2017 09:39 am
if another run up above the high then the 2401-2402 area should be sold into. – – Meet you online around 10:20 AM

09 May 2017 09:42 am
a bounce from the 95 area or a little higher can happen but should not get past the high and especially 2401-2402

09 May 2017 09:43 am
meet you online around 10:10

09 May 2017 10:06 am
98-97 S MUST HOLD

09 May 2017 12:03 pm
the ES made a top and reversed after stalling at 2400 and had a 5 point pullback that was turned up from 95.00 and was yesterday's close. The 98 area blocks pivotal,

09 May 2017 12:04 pm
needs broken and held above in order to get to 2400 and not reverse back down again from there instead

09 May 2017 12:05 pm
there is pullback support at 97 area that needs to hold or be turned right back up if broken to avoid a potential reversal back down, instead of trying for 2400 or higher

09 May 2017 12:11 pm
backed away from 98.25 but held at the 97.25 level and unless 97 is broken through again the ES stays in an uptrend and could go through 98 the above

09 May 2017 12:20 pm
the ES rolled over from 98.25 AGAIN and unless that is broken above and able to hold then the ES will go to the bottom of this 5 point range or lower

09 May 2017 12:25 pm
almost to the bottom of the range between 2420 and the 2395 close from yesterday, bouncing from 95.75 so far however should go down hrough that 95 area. If so maybe down to 93-92 major area now

09 May 2017 12:30 pm
there was a higher low last time down here and this time should go down to test or break 95 area, and if so would need to spring right back up from 93-92 area or higher.– would be a "normal" 6-8 point pullback and would need to go no further

09 May 2017 12:32 pm
automobile away from travel around 1:20 PM and will update before then if necessary and I am free. For now the market will be bearish as long as 98.25 is held below down to 93-90 major area which must be reversed if reached

09 May 2017 12:36 pm
but the moment a double bottom however would stay under pressure holding under 96.50 with needs to be broken and held to attempt a turn around and avoid potential of 93--92 if further breakdown. Back in a bit

09 May 2017 12:50 pm
the VIX reversed up from 9.56, a level not seen since a couple months before the banking and housing crisis hit the market a decade ago. Not to hang my hat coveted anjust 1 indicator, but it is a very red flag – same with negative internals on an up

09 May 2017 01:02 pm
broke 95 low and should continue to at least tiny 93.75 and if broken then key area and the 93-92 zone MUST hold or else be quickly reversed back up.If broken and then turns into new resistance, keeps going to 89--88.

09 May 2017 01:04 pm
so it should be a key area around 94.50 and has to hold or else another push lower. A moved back above 96 could get it out of trouble at least for a while. 93.75 tiny support needs help above

09 May 2017 01:27 pm
breaking down again to the 93--92 zone and could continue going down to or through the 89-88 area if 94-95 is at or held below

09 May 2017 01:34 pm
the last pullback we had was 8 points yesterday and equals the 92 support level and should go through that the way this is acting as a trend down kind of day so far

09 May 2017 01:37 pm
a bounce would need to get through 94.50 and be able to hold on a dip after that and continue up to 96 at least,, or the trend down action continues

09 May 2017 01:44 pm
decent bounce from what is a major support area now and must continue going up through 95-96 on this move or else it will roll over again and either test or break 92 support this afternoon

09 May 2017 01:50 pm
backing away from 94.75 and unless the ES gets back over 95.50-96 it will stay vulnerable for another drop to work through 92 area.. Could be in the clear fifth 96 broken/held

09 May 2017 01:53 pm
pullback from 95 new resistance needs to hold over 94 in order to avoid potential breakdown to work through 92.

09 May 2017 02:02 pm
should turned back down fro 55.50--56 area if this is going to stay in a stairstep pattern lower instead of having a low in place and trying to towards the highs again – and they will not make it that far especially with the Dow wagging so much

09 May 2017 02:08 pm
this rolling all for prop the 95.50 resistance area which has turned into a pivotal area can keep on going to the 993-92 area and would need to quickly reverse again or else 89-88

09 May 2017 02:18 pm
the pullback from the 95.50 pivotal are reached 93.60 so far and if it doesn't hold then could go down through 93-92 and not bounce back so easily the next time. A hold of 93.50 needs a bounce over 95.50-96 in order to get this reversed back up,

09 May 2017 02:19 pm
update and about 10 minutes or so

09 May 2017 02:29 pm
rolled over from 95.52 the 93-92 major area down here and 92 must told or else go down to or through 89-88. Has to get over 95.50-96 or is going to get it again

09 May 2017 02:35 pm
bouncing from a higher low at top of the 93-92 sound but still needs to get over 94.50 at a minimum and especially 95.50-96 in order to get back in to a stronger position and not go for a breakdown

09 May 2017 02:41 pm
the VIX dropped all the way down to 9.56 on the open and poked above 10 for a millisecond and a higher close can give a couple o VIX sell signals. Market looks like it topped and could breakdown

09 May 2017 02:43 pm
but if no breakdown and a bounce back above 95.50-96 then the bearish pattern could be broken and allow a bit more upside before coming back down again

09 May 2017 02:45 pm
we did have a reversal in the 9:50-10:10 AM time frame,, and if the low is going to hold then a rally needs to get going real soon or risk another leg down

09 May 2017 02:47 pm
rally from 93 support underway but needs to take out 95.50--96 or else it is just a bounce in a trend down da

09 May 2017 02:55 pm
need to be strong enough to push above 95.50--96 instead of a failure under that area or else could still go back down to or through 93-92 major area up here instead

09 May 2017 02:59 pm
a bounce is going to really have some trouble getting through the 95.58 area and if it stays under their then the market is still vulnerable and could end up with another move down towards 92. Gets above that area and hold needed to avoid poten

09 May 2017 03:04 pm
ddecent bounce after a small pullback turned up from 94 and it looks like 94 needs to continue to hold in order to keep the market up and not breakdown end of day

09 May 2017 03:09 pm
needs to keep on going through 96 and then hold 95-94.50 at the lowest and turned up again in order to keep uptrend knowing and otherwise could reverse down

09 May 2017 03:12 pm
bounces have been failing all day, and for this to hold up and try for a better run up then needs to go over 95.50 again and then only have another tiny pullback hold and turn up again,, otherwise a chance for a reversal down again from 95.50-

09 May 2017 03:17 pm
cannot get over 95.50 and stick,, yet,, and that area has been pivotal almost all day.. Has to get over 95.50 and hold for us could end up with a late day pullback/drop

09 May 2017 03:22 pm
if the ES does not turn up from 94 then it will likely keep on going down to work through 92 area and he area to hold or else keep going towards 89--88.. But if a bounce from over 94 still need to clear 95.50/hold

09 May 2017 03:27 pm
the Dow is extremely weak and if it cannot get turned around then the ES should have trouble knowing up and staying up, but instead should be some selling into any strength

09 May 2017 03:30 pm
the way the market has been acting today and being sold on bounces, still needs to be a move over 95.50 that is able to hold to avoid a potential for a breakdown still. If 95.50 broken/held then possibly 98 but would not stay up there

09 May 2017 03:30 pm
just look to be short unless the ES gets over 95.50 and not turned right back down. Have a great rest of your day and I will catch you tomorrow! Take care!!

09 May 2017 03:32 pm
beware of a breakthrough 92 could go down to 89-88 and maybe lower before there is a bounce attempt at the end of the day

09 May 2017 03:33 pm
I am going to be holding some shorts overnight in case of a decent down open.. We have had poor internals and poor market action and the VIX could go over 10 and give sell signals.. Have a great day!

09 May 2017 03:43 pm
note that if this keeps going through 89-88 that the 84 area could be a major area to hold today or else opens the door for a larger drop

09 May 2017 03:44 pm
if you are going to hold shorts suggested well above there should be resistance now at 92--93 to get back above and hold just to be in neutral territory. That's all take care!

 

INTRADAY LOG FOR MONDAY - MAY 8, 2017

08 May 2017 09:00 am
after the Friday run up to 2398.00 the ES popped up to 2404 on the open last night and pullback and then went sideways. The ES should pullback from the open or in first 20-40 minutes and then get bought lower

08 May 2017 09:07 am
a pullback should hold at or above 93-93 at the lowest and turn up, or else 88 area should be major Tuesday as that is where most of the highs were before breaking out Friday

08 May 2017 09:26 am
resistance at 98 to clear to keep parabolic move higher going and over the 2401 and now 2404 levels there is no "real" resistance that just stuff like fib extensions and pivots and other ways, mostly rely on price action and pattern

08 May 2017 09:28 am
the numbers given today should be correct for today however. Update a little after the open

08 May 2017 09:36 am
rejecting Friday high area at the moment,,needs to break under 96 and not for right back up in order to have a potential reversal/pullback underway to test 93 possibly where it would need to turn back up

08 May 2017 09:37 am
also if a high is not in then one more poke above 97.75 should be rejected again but really should not get back up there until after decent pulllback

08 May 2017 09:39 am
should have put on a swing trade on the short side and you should be short on a bounce under the high

08 May 2017 09:41 am
we will see, so should be a high in place especially if 93--92 not able to hold and then go down to 89-88 where it should bounces reached

08 May 2017 09:45 am
bounce from 93-92 needs to get over 96 and not turned right back down in order to attempt a move back towards the high

08 May 2017 09:47 am
94.75 bounce high and prior top of the old trading range and should hold under that to break through 93-92's on

08 May 2017 09:53 am
need to make a double bottom at 93-92 and have a strong run up over 95-96 or else headed down to or through 89-88 on this move

08 May 2017 09:58 am
holding the 93--92 zone but will break through if unable to get over 94.75 and not turn right back down

08 May 2017 09:59 am
headed for the 89-88 area if broken through and not able to get turned back up above 83 area and hold on a dip

08 May 2017 10:05 am
right now trying to get turned around from 93-92 and could get to the 95-96 area and needs to clear and then be able to hold above in order to go to the high and not come back down to course through 93-92 instead of that being a early low

08 May 2017 10:12 am
need to get over 94.75 or else could end up with a break below the low and head down towards 89-88 instead of better bounce, but appears to be another case of selling at the new highs and waiting for a decent size pullback for a reentry

08 May 2017 10:21 am
rolled over from 94.25 and just under 94.75 which needed to be broken and Pressure on still under 94.225--94.75 after 92.25 double bottom attempt for a test of 91.25-90.75 minimum if hold under 94.25 and break 92.25

08 May 2017 10:28 am
feeble bounce attempt so far and if 94.2-94.75 is not taken out pretty soon then coming down through the lows at 92.25 and test or breakthrough 90.75 and maybe see 89-88

08 May 2017 10:35 am
bouncing from the token lower low at 92 initial support and still needs to get over 94..25-94.75 and not turned right back down in order to keep this going and try for the high or a lower high be reversed

08 May 2017 10:42 am
93.75 bounce high quickly turned down and still needs to make one more pop-up and take out 94.25-94.75 to have a low in and attempt to get to work through 98

08 May 2017 10:46 am
pullback should hold at or above 93 for this to keep bounce attempt going all oh should have a some trouble at least around 96.50-97.50 if it gets that far

08 May 2017 10:49 am
94.25-`94.75 rejected a bit and still these to be taken out and then hold 93 or else potential to keep going down to work through 92 if that happens

08 May 2017 10:51 am
it still has to take out 94.75 which was the absolute high of the trading range broken out of on Friday or stays under pressure after all time highs failled

08 May 2017 10:53 am
breakdown should be going back under the 90 level before a good bounce attempt is possible. This could end up being a trend down kind of day if 88 area broken through and not reversed up strongly

08 May 2017 11:02 am
looks like good buyers or shorts to cover on another pullback so if there is one it should be bought but bounce should still need to take out 94.25-94.75 – new key resistance now

08 May 2017 11:09 am
a small drop down to 92 was bid back up and so far just reached 93 and turned down again and has to get over 93 and then keep going through 94.50 in order to avoid another move down to a lower low

08 May 2017 11:10 am
should keep breaking down after bounce attempts or just holding under 93 area now

08 May 2017 11:13 am
pullback started after new all time high on S&P 500 cash and ES 1 tick under Friday high sold about 5 minutes into trading for last night's update and first pullback bid up at initial support failed now should go towards 89--88

08 May 2017 11:14 am
trend down kind of day going so far and will continue as long as the ES is making lower highs and lower lows.

08 May 2017 11:19 am
91 low so far just over 90.75 minor support, that the breakout on Friday had most of the tops made in the 89-88 area and is just a 10 point mode from the high and probably should be tested maybe broken on this pullback unless things get turned up st

08 May 2017 11:23 am
still trendding down and about two go through 90 and needs to hold 89-88 and get turned back up and take out at least 91.50 and be able to hold

08 May 2017 11:27 am
89.75 low so far, needs be turned up if one more pullback to the 89-88 area or keep going to work through a key area around 86

08 May 2017 11:30 am
amazing that the VIX was able to hold up as the ES rallied late on Friday, and just now dropped down below 10 again even with the market coming down. NO fear of decent drop, so far trend down day and could be one if this holds under 92 and especia

08 May 2017 11:34 am
appears to be a pullback low in place now at the 89.75 level so needs to hold 90 area or else barely go under to the 89-88 area and turned up in case of another push lower from under 93 pivotal area

08 May 2017 11:42 am
even though a decent bounce attempt started from 89.75 bounces should have trouble holding with the S&P 500 cash reversing from an all-time high in the first 5 minutes into trading and divergence on the futures and the VIX all the way down at 9.78

08 May 2017 11:43 am
had our early selloff and an 8 point pullback bought, about to go through 93 and if so could reverse especially if 91-90.50 broken through

08 May 2017 11:54 am
beginning to roll over or try to from 93.25, and needs to hold under that pivotal area and take out 92 and not turned up in order to go back down too make a higher low or else breakdown to a lower low around 89--88

08 May 2017 11:58 am
still is sideways action on the Dow with tops around the 21,000 level two break above/hold in order to help the ES gets above pivotal area around 93 and hold. Bottom of sideways action is 21,980-21,977 then down at 20,972 needed to breakdown

08 May 2017 11:59 am
update and about 10 minutees

08 May 2017 12:07 pm
not rolling over and the Dow close to its 21,000 level and the ES around the 93 area, needs to go above and then only a small pullback instead of a reversal back down

08 May 2017 12:19 pm
backing away from 93 again and also the 21,000 level on the Dow but would need to go under 91 and not turned right back up if there is going to be a test or break of the low

08 May 2017 12:22 pm
appears like it wants to go lower but if that is wrong and the 93 area is broken and held the and getting through 94.75 would be next and if not rejected and broken through then potential to test 98. A long shot unless 93 broken with some gusto

08 May 2017 12:24 pm
I will be back around 1:20 PM or sooner if I am able to be free and there is reason for an update. At the moment it appears that early strength sold and first 8 point pullback bought but must get over 93//hold or is bearish now

08 May 2017 01:10 pm
the ES turned up from 92 and broke through 93 at 12:35 PM and so far held 93.50 on a dip, and with the Dow testing its high the ES needs to hold 93.50--93 at the worst and take out that 94.75 prior high of the range and only a small pullback afte

08 May 2017 01:13 pm
beware of a top being possible if the Dow fails to clear 21,015 area without turning right back down, it could double top and hold the ES down if not a further push higher soon can stick

08 May 2017 01:14 pm
likely should not go back over 96 now and be able to hold as that should be a top of some sort and coming back down to work through 93 area

08 May 2017 01:34 pm
topping out up here and is looking however needs to go under 93--92 for a breakdown instead of holding has a support again

08 May 2017 01:42 pm
the VIX had a low at 9.72 around 11:45 AM, down at that level now and at a 10 year low, could go more however this is a pretty big red flag and especially right around all-time high.. Meanwhile internals are negatives for the day. Whatever the cas

08 May 2017 02:03 pm
having trouble w voice SW so ES is bullish over 95-93 max or top made - R at 96 need cleared soon

08 May 2017 02:14 pm
toppy n 95-93 can be tested

08 May 2017 02:28 pm
the pullback held at the 93.50 support area and so far just a slow and feeble bounce back and if it does not take out the 35.25 highs that were made as the ES stalled then another pullback could dropped down to 93--92 key area

08 May 2017 02:37 pm
a failed bounce attempt again and should test or break 93.50-92.50 on this move before another bounce attempt

08 May 2017 02:41 pm
with the narrow ranges of late, this 5 point bounce looks pretty big and if buyers back away and aggressive sellers come in on top of that this could unwind quickly.. May not do that today unless things are changing up here

08 May 2017 02:48 pm
pullback came right down to 93.00 and quickly turned up in order to keep the ES out of trouble for now and should try to test the 95 area or higher around 96 and then turned down if going to make a lower high under the 98 area

08 May 2017 03:02 pm
last hour selling could be underway if this holds under 94.50

08 May 2017 03:05 pm
it will need to go over 94.50 with some gusto and be able to hold after getting over 95.25 to make an attempt at the highs,, instead of late day pullback/drop if 93 area broken through instead of a bounce

08 May 2017 03:18 pm
very very slow action trading between the 93 pivotal area on the bottom and 95.25 where the ES stalled out before it pullback. The ES is not going to make it to a higher high and less it can stay above 93.50-93 at lowest

08 May 2017 03:19 pm
and punch through 95.25 and that could help squeeze shorts and push towards a high if not quickly reverse

08 May 2017 03:35 pm
IN laat 30 min must get over 95 or beakdown to/ thru 93 possible/ have a great day

 

INTRADAY LOG FOR THURSDAY - MAY 4, 2017

04 May 2017 09:01 am
good morning. The ES should come back to at least 86 and probably more before a bounce can start

04 May 2017 09:09 am
a bounce should have trouble getting back above 88.50 and holding up there unless it's going to test 91-92, but might not see that unless a run up on the open

04 May 2017 09:23 am
should be a bounce high there at 88 and not go over 88.50 and hold and going under 86--85 would need to bounce right back. The 84.50 close from yesterday could be pivotal

04 May 2017 09:25 am
I will update the level after the open and then meet you online around 10:20 AM. Early selling and then must be buying on first pullback that stalls out or reversals

04 May 2017 09:33 am
gap filled and the national resistance held as new support so far but needs to break and hold over 88.50 if there is going to be further strikes towards 91 before turning back down

04 May 2017 09:36 am
pop-up sold into and that should continue down t 84.50 and if that does not hold then 82 must told or else all the way back down towards 78 key area again

04 May 2017 09:37 am
90-91 should not be reached today but if it is it should not be able to hold very long as it should stay in this range between 94.75 in yesterday's 75.50 low or else breakdown

04 May 2017 09:38 am
on its way to work through 84.50. –meet you online around 10:20

04 May 2017 11:58 am
early strength sold on the open down .50 points to 81.25, bounced back to double top and just made a third top and should go down to work through 82.50-81.50 towards 79--78 major area

04 May 2017 12:00 pm
bounces have been failing even on good days and happening today on not necessarily a good day but another narrow range day up to this point – don't be surprised if it expands to the downside breaking through 79-78

04 May 2017 12:01 pm
and any case with all bounces failing under the last lower high on the daily chart the ES and S&P 500 cash making a big topping pattern as long as it holds under 90-91 the rest of the week

04 May 2017 12:02 pm
could end up with a breakdown day and go down to the 58.50 area and fill that gap along with being a strong retracement area on the downside

04 May 2017 12:04 pm
anyhow, bounce off of this low is keeping the market in a range still for the time being and must hold 82.5-81.54 ounce had to work through 79-78 and maybe down to 74 area

04 May 2017 12:05 pm
should keep going and will be bearish as long as 84-84.50 is held below

04 May 2017 12:07 pm
all bounces have been failing lately and should continue with the next bounce being sold into and then would go back down to work through the 79-78 area again

04 May 2017 12:08 pm
say short as this could collapse down towards 74-73 today breaking under 78 and not reverse

04 May 2017 12:08 pm
I will update again around 1:15 PM or sooner if possible and necessary

04 May 2017 12:14 pm
quick note with the ES reaching 79.25 major support – it will say under pressure and be broken as long as a bounce holds under 81.50-82.50 area especially. Poor looking market and could keep going to the 74-73 area on this move so stay with it

04 May 2017 12:21 pm
76 low just 2 ticks above yesterday's low at 75.50 and a gap fell on the daily chart at 74 and retracement support at 73 should be a key area if one more push lower. 78--79 should be new resistance area to hold under

04 May 2017 12:22 pm
back around 1:15

04 May 2017 01:26 pm
a good rally back after the ES broke and held 78 up to the 84.50 level which is yesterday's close and pivotal area aand should be a bounce high for test or break of 81 area or a bit lower

04 May 2017 01:33 pm
key area on this pullback is around 80.50 and if that is not held then it could go straight down to the 78 again.. If that is broken another time, then washout down to 74-73. Keep selling these decent bounces you will get them back the way this is

04 May 2017 01:41 pm
only a feeble bounce fro 81.25 and needs to get over 83 area and keep going through 84.50, otherwise another failed bounce attempts and rolling over towards 79-78

04 May 2017 01:50 pm
this quick run up from a higher low at 81.50 could make it to the 86.7-87.75 area but should have a hard time going through and holding, or it could melt up towards 90 but doubtful

04 May 2017 01:51 pm
lower high and should be pullback to at least 83-82.50 but no loweror else too far and another bounce would fail after most likely

04 May 2017 01:53 pm
bounce attempt from 82.75 however should not go far before selling off further and should not go back up there again and be able to hold very long if it does

04 May 2017 01:53 pm
action has been bearish and should eventually let loose on the downside versus a breakout on the upside because that move would not be able to stick anyhow

04 May 2017 01:57 pm
84-85 area around yesterday's close should be pivotal the rest of the day. will need to be broken above and then hold 84 area on a dip after that, not, right back down through 84, to attempt a breakout and not another failure/reversa

04 May 2017 02:02 pm
was trying to reverse however needs to breakdown under 81.50 where the last run-up started, must continue doing so to avoid damage from up here

04 May 2017 02:04 pm
should have trouble holding over 85--84.50 unless a breakout through 86.75-87.75 and that would be sold into IF reached

04 May 2017 02:07 pm
dropped from this resistance will need to hold over 83 area at worse or else another bounce back to 84.50-85 area may not be seen.. If a pullback holds in turns up from above the zone than a chance for yet one more run up but hard to hold

04 May 2017 02:10 pm
a84.50-85 area holding this down and should continue if the market is bearish as it has been lately

04 May 2017 02:16 pm
another small pullback turned the up from 83.50 and going back up through 84.50 and could get to the 86.75-87.75 double top area for a little bit below and then some pullback from this area

04 May 2017 02:19 pm
selling again from resistance and could go down to work through 82.50 where the run-up started from around 1:55 PM or could break through with some good momentum

04 May 2017 02:20 pm
any kind of bounce back up to that area should be used for a "swing trade" on the short side for a move back under the 79-78 area and possibly more likely 74-73

04 May 2017 02:24 pm
bounce from 80.25 should fail at or around 83 area and not go above 84.50 without coming back down through that pivotal level (a short trigger)

04 May 2017 02:25 pm
walls are anxious to get out on this bounce attempt so as soon as it fails or reversals another late should start – looks like it just did,, only one more pop is possible though

04 May 2017 02:31 pm
looks like it is headed back to test the 84.50 area again and should be rejected again,, and if another decent drop does not break 79--78 it will get another could rebound like this one and this big range

04 May 2017 02:34 pm
if this is not going to go back up to th 86.75-87.75 area a turn around should come from this lower high – however probably not breakdown so fast as shorts now trapped below willing to cover

04 May 2017 02:35 pm
next update in about 10 minutes

04 May 2017 02:39 pm
rolling over again from 85 and the 84.50--85 area still is pivotal, and a chance that it could be broken through and held if this is going to be strong enough to get the Dow over multiple highs from this morning and this afternoon – along with the

04 May 2017 02:43 pm
another failure if this holds under 85.50 area and comes down through 84.50 and holds

04 May 2017 02:45 pm
needs to go through 84.50 and not turned right back up in order to get a reversal from up here again – hold under 85.75-86.75 at the most

04 May 2017 02:48 pm
unless 84.50 is broken down through, this has a shot at going to course through 87.75 high of the day,, and if not a reversal again which seems likely,, there would be a chance at the 90-91 area Not far above

04 May 2017 02:52 pm
if the market is going to have another failed bounce attempt and start another pullback /selloff it should come from this area and go down through 84.50 and pick up some momentum

04 May 2017 02:54 pm
tops at 87.75, 86.75,, 86.75, 85.75 and just now 86.25 – –so unless there is a good move over 86.7-87.75 the ES will be vulnerable for another decent drop

04 May 2017 02:59 pm
right on cue the ES rollover and now needs to hold around 82 or else could go back down to the 79-78 area if another push lower after the people bounce stops under 84.50-85 area and not break and hold over instead

04 May 2017 03:10 pm
the ES keeps failing around the 85.75-86.75 area all day after dropping from 87.75 the open, and the market is still point to be vulnerable as long as it holds under that area as bounces keep failing and then get bid back up again

04 May 2017 03:18 pm
the ES keeps on backing away from 85.75-86.70 50 Barry and then has been finding a bottom around 82.58 area on the pullbacks with the exception of dropped to 80.25.. This bounce must go through resistance, as another failure could be terminal this

04 May 2017 03:19 pm
90-91 IF 85.50-86.75 area happens to be broken through and able to hold.. These bounces should continue setting up good shorts

04 May 2017 03:35 pm
the ES has had some chances to breakdown today but didn't do so yet. still needs to get over 86.75 area late in the day and not turned right back down in order to avoid a potential breakdown, and need to break 82.50-82 for that to happen

04 May 2017 03:35 pm
if you are with me in a "swing trade" from 85 area keep a stop at 87 the rest of the afternoon, consider covering part of the position at 82.50 or better for a scalp on part, where the pullbacks have bounced from this afternoon– hold the remainder.

04 May 2017 03:38 pm
have a nice rest of the day. I'll send you an update this evening and then meet you here in the morning. Take care!

 

INTRADAY LOG FOR TUESDAY - MAY 2, 2017

02 May 2017 09:11 am
good morning! probably will get the early selling and then bid back up again. although very complacent and could get shaken up

02 May 2017 09:13 am
I will update after the open and then meet online around 10:30 or a little earlier

02 May 2017 09:24 am
looks like ES will be okay unless it reversals back down through 887-88750 now

02 May 2017 09:25 am
although there should be selling into and then would need to hold to avoid reverse

02 May 2017 09:32 am
should rollover now with a top in place and if not then another pop will be sold

02 May 2017 09:33 am
NQ near important support and needs to turn up to help ES bounce also or else began rolling over further

02 May 2017 09:36 am
pop-up sold aand 88-87 needs broken through for a reversal now,

02 May 2017 09:37 am
all bounces should fail from here for a while down towards 85 area if this holds under 88 – – I will update online and just a little while

02 May 2017 12:05 pm
the 85 support turned new resistance and should hold 85.50-84.50 at worst on a dip and try for 88-89 again which it did not hold over very long this morning

02 May 2017 12:15 pm
the spike high at 87.00 is a pivotal area for the ES and unless that gets taken outby holding and bouncing from 85.50-84.50 with some gusto then another pullback could end up with a breakdown instead

02 May 2017 12:19 pm
that 85.50 level held and now likely will turned back down after testing 87 area again and would need to hold 85.50 again to avoid a top and said of run up to course through 88.50-89 or more

02 May 2017 12:21 pm
I will be away and show around 1:15 and will update before then if free and necessary

02 May 2017 12:52 pm
test of the 88-89 zone which was reversed after 10 minutes before the 10 AM low should start a pullback but no damage done in less 86.50--85.50 broken. Breakdown if it does

02 May 2017 01:28 pm
a bounce from 86 new support had a quick reversal from a slightly lower high at 87.75 and is a top

02 May 2017 01:31 pm
a break under 85 area that holds needed to have a reversal go back down to the 80.75 low from yesterday but only if a bigger breakdown, not likely at the moment anyhow

02 May 2017 01:35 pm
86-85 key support area the rest of the afternoon and pivotal it looks as a break under 85 and hold hundred 86 would mean some downside momentum. Another bounce should not go very far though

02 May 2017 01:45 pm
so far the ES is holding the 86 level again and 86-85 is he support so if no bounced to a higher high a breakdown is going to occur

02 May 2017 01:50 pm
not much of a bounce off of the 86 level so far but could end up breaking down through 76-75 if this holds at or below 86.75 on a bounce

02 May 2017 01:58 pm
need to get a bounce from 85 to go back up above 86 and hold after that in order to avoid a breakdown to 83.50 and is broken 82 looking major before 78-77, though not likely today

02 May 2017 01:59 pm
trying to hold 85 and should bounce but needs to get over 86 with the left gusto to be able to hold, otherwise a failure and break 85 area after failed bounce

02 May 2017 02:02 pm
85 is going to be pivotal in the afternoon it appears, and even if another bounce able to hold 86,, should still be sold at or below 88-89 – – update and about 10 minutes

02 May 2017 02:10 pm
a feeble bounce so far holding under 86.50 resistance area and needs to get through that or else could breakdown through 85 to at least 83.50

02 May 2017 02:22 pm
bounce high so far right at 86.75 prior highs before coming down to 85.00 pivotal level. At the moment it still bullish as long as 85 holds

02 May 2017 02:24 pm
still needs to take out the 86.50 level and strong enough to hold after that, for all's coming back down to the 85 another time and likely breakthrough if that happens

02 May 2017 02:29 pm
looking like and less 86.75 broken/held that the ES could break 85 area which has been pivotal and 83.54 or more

02 May 2017 02:35 pm
bounce attempt off of 85 still needs to go over 66.75 multiple highs and bounced resistance or a breakdown to 83.50 or more still

02 May 2017 02:42 pm
so far held just above 83.50 and would still need to get back over at least 85.50 and then hold for this to get a late day bounce going and avoid another push lower

02 May 2017 02:45 pm
bounce needs to take out 86 at least two break the downside symmetry and a "last trapped" area,, need to clear and hold or else stay in downtrend

02 May 2017 02:49 pm
need to hold 83.50 and get back above 8-85.50//hold up there or else still under some pressure with a chance that going back down to the 82 area may be lower

02 May 2017 02:53 pm
82.50 area needs held or else could go down towards 80.75 and test or break yesterdays low area and not have an inside day

02 May 2017 02:57 pm
82.75 low on this move and needs to turn around with some gusto and get back above 64.50-65.50 and not get turned right back down.

02 May 2017 03:03 pm
82.75 pullbacks low and 81.75 early low so 82.75-81.75 area important to hold at the end of the day or else continue downtrend instead of more two-sided action

02 May 2017 03:09 pm
Spike down to 82.50 quickly turned up and could be trying to make a 3 PM bottom but a bounce needs to take out 84.50-85 and not back away

02 May 2017 03:12 pm
not so sure that the market will come right back from this low, has to get over 84.50 and not get turned right back down otherwise could be trend down kind of move into late in the day

02 May 2017 03:13 pm
watch for some selling to come in around the 84.5-85.50 area if that is reached – should still be pivotal

02 May 2017 03:18 pm
84.50 has been reached and must keep going up through 85 and not turned right back down in order to keep last hour rally from failing and heading back to course through the low

02 May 2017 03:21 pm
a small pullback should hold 83.50 and turned up for this to attempt to keep moving higher and not breakdown to or through the lows at the end of the day

02 May 2017 03:28 pm
unless the ES can't get above 84.50-85 and stick and set of being rejected and coming down again, otherwise the bounces started at 3 PM could fail and come back down to course through 82.58 instead of trying for the 87 area

02 May 2017 03:32 pm
have a good rest of your day. Tomorrow we get the Fed decision on interest rate policy and notes afterwords. I'll tell you what to expect in tonight's update. Take care!
 

 

INTRADAY LOG FOR MONDAY - MAY 1, 2017

01 May 2017 09:06 am
good morning. There should be early pullback but if it doesn't hold 83 it could go back to 80.50 and if that broken through then could breakdown instead of bounce and early

01 May 2017 09:16 am
88-89 should be hard to take out and hold if it's reached and if there's going to be an early pullback it should come from there or lower

01 May 2017 09:20 am
would not be eager to jump in buying up here on the open as eearly strength should be sold and then pullback bought

01 May 2017 09:25 am
I will update after the open but may not be until there is a reversal or set up of some sort for a new dynamic support/resistance that could be used for potential entry

01 May 2017 09:27 am
or for a stop area is broken. Anyway just try to not overwhelm with intraday updates

01 May 2017 09:34 am
should go to the 93.50 level at least

01 May 2017 09:39 am
early strength sold to 93.50 so far and could sell go down to work through 93-92 if the 85.50-86 area is held below

01 May 2017 09:46 am
Econ data top of the hour and bounced from 83.50 needs to get over 85.50--86 and not turn right back down to avoid top up here and not go to 88-89

01 May 2017 09:49 am
83-82 area would need to be broken and probably get down to or through 80.50 if going to hold under 82-83 on a breakdown

01 May 2017 09:50 am
bearish under 85 down to that zone

01 May 2017 09:54 am
83.25 low and a bounce over 85 must not be rejected or else instead of a run up to 88-89 being possible there will be a break under 83--82 instead

01 May 2017 09:56 am
85 rejected waving a small tail on top but still needs to take out the 83-82 area in order to have a breakdown of some sort

01 May 2017 10:03 am
quick spike down into 83-82 zone and needs to at least get above 84.5-85.50 or else could end up with a breakdown

01 May 2017 10:07 am
attempt to bounce from the 83-82 zone feeble 83.50-84.50 needs broken or 80.50 breakdown area next to hold above or else could hold under 82-83 and keep pressure on

01 May 2017 10:14 am
80.75 was touched and turned up and need to get back over 82.50--83.50/hold up there or else breakthrough 80.50 and head to 78 key area again where a breakdown could happen

01 May 2017 10:19 am
test of the low just above Friday close at 80.50 need to get through 82.50-83.50 area here and then hold it on a dip, or else rollover and take out 80.50 if not broken through

01 May 2017 10:22 am
pullback from 82.75, in the updated resistance at 82.50-83.50 area, need to hold under 83.58 and could go back to 80.50 on this move and if so could bounce but likely not stick

01 May 2017 10:25 am
82.75-83.25 area could be a pivotal area now,, and unless broken and held the selling from the open does not get reversed and could go down to 78-77 where the Globex low made last night

01 May 2017 10:27 am
80.75 touched and turned up again and should be a low now for a bounce back to 83.50-84.5 may be higher

01 May 2017 10:34 am
82.50-82 area pivotal and new support that should hold on a dip from 83.50-84.58 area in order to avoid another drop to a higher low most likely

01 May 2017 10:36 am
unless the ES is on its way back up to the 84.50-85 area or higher it should not go back down under 83.50

01 May 2017 10:41 am
84.50 sold so must hold 83--82.58 area now or else breaking current uptrend and coming back down again

01 May 2017 10:46 am
so far the "normal" sell early and then buy first decent sized pullback to a support area, that turned out to be dynamic support at Friday closing range.. Now should try for the high, looks like needs to hold 84

01 May 2017 10:48 am
stalling at 85 so pullback needs to hol 84--83.50 or else could rollover instead of a higher high possibly go up towards 88-89

01 May 2017 10:52 am
higher high at 86.75 so far and no 85-84.50 area needs held or else bigger pullback to work through 83.50-82.50

01 May 2017 10:56 am
needs to be a good bounce back up through 86.75 to get to 88-89 which should be hard to get to or break and hold if it is reached, unless this turns into a strong run up but not looking that way at all

01 May 2017 10:59 am
pullback turned up from 85 and that is new key support now and 88-89 should be strong resistance were a pullback comes from at least the first time up

01 May 2017 11:05 am
coming off a little bit from a token higher high at 87.50 and holding under the 88-89 resistance right now and must told over 85.50-85 or else may have topped

01 May 2017 11:13 am
so far just under a 2 point pullback from the 87.50 high and holding just over 85.50--85 new support, which must told for a chance at 88-89 instead of what would be a breakdown going to the 83.50 or lower instead

01 May 2017 11:17 am
if there is another token higher high it would be right at the 88-89 area and should be sold into again with that also important resistance zone today.. Should be close to a top, unless going towards all time highs 10 points above here

01 May 2017 11:23 am
if that 85 level holds there could be one more push higher but it doesn't look like it would be able to state up there is reached the way this is acting up just under that resistance.. May not get back up there, but especially going down through

01 May 2017 11:26 am
85-84.50 area, not 84-83 that, is uptrend support that needs broken for bounces to continue to fail under 88-89

01 May 2017 11:28 am
with the ES looking like it has a top been under 88-89 for now I need to get going and will be back around 1 PM and update before then if I happen to be three.. 85-84 area looks pivotal/important support below

01 May 2017 12:19 pm
just a quick note but with the bounce from the 85 area getting to 87.50 twice and being rejected,, that a moved under 85.50 and then hold under 86 is needed for a reversal of some sort, or else could get to 88-89 or more Bounce is not turned dow

01 May 2017 12:47 pm
another pullback held at 85.50 higher low and is having a small pullback from 87.50 again topping out just under resistance could be a bigger pullback taking out 85.50 underway

01 May 2017 12:50 pm
4 rejections of 87.50 and just under the 88-89 major area for today, up to this point just a 3.75 point pullback from the high at the 84.75 level and should at least test or break that

01 May 2017 12:51 pm
next update and about 10-15 minutes.. Should keep dropping for decent pullback

01 May 2017 12:53 pm
quick spike down to 81.25 just after sending update and bounce resistance at 85.50--86 should be a key area F coming back down again

01 May 2017 01:12 pm
so far the ES bounced back to 85.25 and stalled out so far and should roll over to test 82.50 or lower on this move down

01 May 2017 01:14 pm
or as long as this holds under 85.50. Selling came in on that quick 1 minute drop,, and trapped buyers just abov 85.25 area

01 May 2017 01:20 pm
right now it looks like if the ES can continue holding 85 it avoids rolling over in can get to or through 87.50 again, a better chance of getting through on this move although may not stay up there unless some gusto and not another reversal

01 May 2017 01:30 pm
the VIX barely jumped on that but Spike down and just went to a new low down at 10.32, coming very close to an extreme on that "no fear" gauge. Not much "insurance" even bought up here with the market close to all-time high. red flag

01 May 2017 01:39 pm
slowly crawling higher back towards the high, stalling as the Dow is well below its high while the NQ sitting at a new all time high right now. Would need to break 85.50/get momentum for another top, instead of a chance of breaking 87.50 –

01 May 2017 01:43 pm
should begin to push higher if it's going to buy holding at or just above 85.50 new pivotal support area

01 May 2017 01:52 pm
with this being the fifth time at 87.58 could poke into the 88-89 area, and if not reversed back down through 88 and a holds for a pullback to start, then could go through that zone and keep going up to 92 area

01 May 2017 02:01 pm
breaking out over resistance and still only a pullback of 1.25 and 1.75 points at the most and unless there is a bigger one this can keep on going towards 92 and possibly 94.50 again,, last resistance before all-time high

01 May 2017 02:04 pm
pop-up to 90.75, and now the ES should hold around 89 in order to keep buying frenzy going, and should especially hold 88-87 or else could leave a top up here as the VIX drops under 10 for the first time in LONG time. Can't remember the last time

01 May 2017 02:07 pm
needs a bounce from 88-87 at the very lowest on this pullback from run up to 90.75 coming right back down. If no bounce back above 80 and hold, leaving a top end and starting late day pullback

01 May 2017 02:10 pm
I need to be away for about 10 minutes and will update ASAP.. Still needs to hold 88-87 in order to keep a trend up move going and not reverse

01 May 2017 02:28 pm
the ES just made another push higher to the 90.75 high and is backing away for a double top attempt and likely needs to go back under 88.50 area for further pullback

01 May 2017 02:34 pm
that should be a top in place and another bounce will be sold if there is one reverses from 90-90.50 area maximum it looks and 88-87 key support to hold in order to get another bounce attempt instead of breakdown through 85

01 May 2017 02:39 pm
needs to hold that 88.50 and go to a higher high over 90.75 otherwise it looks like it will be sold into and come back to this area or lower if not a good break over 90 that holds not turned right back down again

01 May 2017 02:42 pm
still is going to need to bounce from 88-87 area at the lowest and needs to take out 89.50 at a minimum in order to try one more bounce and not have a further breakdown possibly to work through 86--85 area which could be pivotal if reached

01 May 2017 02:53 pm
steady downtrend to 87.50 so far and will continue unless a reversal back up above 88.50-89 and not turned right back down an 85.50 area key support under that area if broken.

01 May 2017 02:55 pm
reversing up from that 87.50 new support and the bounce should fail to take out the high and if 87.50 does not hold then 85.58 area important below there to hold or big breakdown end of day

01 May 2017 02:58 pm
with it almost 3 PM the ES must start a run up from 87.50 or else breakdown 24 through 85.58 area next. A bounce would need to get above 89.50 or a failure and lower low on the next move likely

01 May 2017 03:04 pm
3 PM turn around from the 87.50 new updated support reached 89.50 and if that is not able to be broken through and hold then come back down to or through 87.50

01 May 2017 03:13 pm
appears that the 87.50 area will be pivotal in the last hour, a move back up towards the high at 90.75 would need to make a new high or else the day bearish pattern up above and likely end up coming back down to or through 87.50 area towards 85.5

01 May 2017 03:17 pm
turning down from just under 90 and if this holds hundred 90 some pressure should be on and take out 87.50 on a late day pullback of some sort

01 May 2017 03:18 pm
bounces should not be able to stick and the last 42 minutes of regular trading hours trading

01 May 2017 03:26 pm
feeble bounce off of 87.50 is not sticking and should come down towards 85.50 area if this breaks down further

01 May 2017 03:27 pm
it would be 86.50-85.50 that would be tested and would need to hold in order to avoid a bigger pullback

01 May 2017 03:35 pm
well it looks like another run up coming from the 87.50 level and that will be pivotal in the last 30 minutes and bullish as long as it holds and a higher high likely around 92 area unless going all the way towards 9-94.50 which is doubtful for

01 May 2017 03:35 pm
well it looks like another run up coming from the 87.50 level and that will be pivotal in the last 30 minutes and bullish as long as it holds and a higher high likely around 92 area unless going all the way towards 9-94.50 which is doubtful for

01 May 2017 03:36 pm
just beware of a slightly lower high that is reversed as it could set up a 123 type of top for at least a pullback of some sort

01 May 2017 03:37 pm
have a great rest of your day. Update this evening and then being you here tomorrow morning. Until then, take care!

 

INTRADAY LOG FOR FRIDAY - APRIL 28, 2017

28 Apr 2017 09:05 am
good morning! The NQ resistance numbers could be a ways off due to after the close earnings reports yesterday. This morning the ES needs to get over 88-89

28 Apr 2017 09:06 am
or it could pullback to the 83-82 area and bounce, or breakdown if taken out and held under 83.50 after that. So no real change from last nights update

28 Apr 2017 09:07 am
update after the open

28 Apr 2017 09:25 am
can pop-up on the open like it has been quietly and needs to break 88-89 with gusto and hold over 88 area on a dip or it could be another top at least for a while.. If broken with gusto around 94

28 Apr 2017 09:31 am
resistance sold and bearish under by specially breaking 86 without quick reversal up

28 Apr 2017 09:32 am
just be short hundred 88-89

28 Apr 2017 09:37 am
headed towards 83-82 area or more as long as just a feeble bounce

28 Apr 2017 09:42 am
should be a bounce attempt from 83-82 for a bit above here but not stick over 86.50 if reached unless going up towards the high area

28 Apr 2017 09:44 am
bounce from 83.75 turned down at 85.75 and still needs to get over 86.50 to avoid potential break

28 Apr 2017 09:49 am
just got test of 83 and turned up and now still needs to get through 86 area/hold

28 Apr 2017 09:51 am
bounce off of 83 keeps this out of trouble for now but the rejection of the 88-89 zone down to that area should be in good resistance above on bounce attempts and more downside likely

28 Apr 2017 09:55 am
bounce from 83.25 support still not able to get over 86.50 and hold yet but still needs to go under 83-82 and not turned right back up to have a potential breakdown again early

28 Apr 2017 10:02 am
Econ data did not break the market down yet but just a test of the 83 again and bouncing again and now has a chance at 86-86.50 with Sneads cleared/held or go down again

28 Apr 2017 10:07 am
poked into the 83-82 zone and pop right back up however still needs to get over 86-86.50 and order to break current downtrend on this bounce and not retests or break 83-82

28 Apr 2017 10:09 am
bounces are going to keep failing and eventually go through the 83-82 area it appears

28 Apr 2017 10:09 am
as long a the ES holds under 84.58 area now

28 Apr 2017 10:12 am
another test of 83-82 area and another failed bounce attempt and push lower after that should break through if it's going to this morning

28 Apr 2017 10:16 am
84.25 reached and still not over 84.50 and hold which needs to happen or else breaking down

28 Apr 2017 10:18 am
keep shorting bounces as long as the ES does not get above 84-84.50 and then hold on a small pullback after reaching 86.50

28 Apr 2017 10:18 am
next update in about 10 minutes or thereabouts

28 Apr 2017 10:24 am
as stated the ES would breakdown and the bounces failed under 84.50 and now needs to get over 83.50 and not turned right back down or else headed towards 78-77

28 Apr 2017 10:30 am
80.50 low so far, we had some of those yesterday,, but if going down to the 78--77 area this morning the ES needs to hold under 83-84 area or else range trade

28 Apr 2017 10:36 am
bit of a double bottom and has a chance of getting back over 83 and if so needs to hold 82 on a pullback and turned up in order to keep bounce going towards 84.50 may be more

28 Apr 2017 10:43 am
bounce to 83.50 so far and could come back under 82 but not a lower low unless good momentum unless 84.50 is taken out soon and then 86.58 area last small resistance before the key area at 88-89

28 Apr 2017 10:48 am
needs to bounce from 82-81.50 or else instead of a higher low could go down to a token lower low at the 78-77 support – could possibly cut through

28 Apr 2017 10:53 am
bounce off of 81.50 keeps this from breaking down at least for now and should get to 84-84.50 on this move or else there could be a breakdown on one more move lower

28 Apr 2017 10:58 am
made it to 83.75 and backed away and now a pullback needs to hold over 82-81.50 or it could go to a lower low

28 Apr 2017 11:02 am
held at 82.25 and turned up so far and keeping the choppy sideways/higher pattern from the low intact and now another pullback needs to not go under 82.25 or bounce high can be in place if not already

28 Apr 2017 11:08 am
still hasn't taken out 84.50,, which is coinciding with midpoint of today's day session range,, and unless broken stays under pressure for another push lower – which must turned up from above 82

28 Apr 2017 11:09 am
bbearish hundred 84.50

28 Apr 2017 11:09 am
especially if 82 broken through and not immediately turned up again

28 Apr 2017 11:12 am
81.50 needs held or else a shot at the 78-77 area which probably will be reached if this area keeps getting tested as it will eventually be broken

28 Apr 2017 11:20 am
Tolkien lower low able to hold so far but the ES is weaker than both the NQ and the Dow and further weakness on either index would likely get the ES down to 78-77 and then bounce. If 80.50 broken again then should follow-through to 78--77. 82-82.

28 Apr 2017 11:29 am
this pullback should hold above the low but if not had to 78-77 area.. 84-84.50 still needs to be cleared//held to attempt a turn around for a bit

28 Apr 2017 11:32 am
right now as long as the ES holds under 82-83 pressure will stay on and 78-77 should be tested for really should be broken so there is not an inside day

28 Apr 2017 11:37 am
79.25 low so far but holding under 80.50-81 prior low area keeps pressure on to course through 78--77 area still before a reversal attempt with a chance of sticking

28 Apr 2017 11:43 am
there should be a move under 78.75 on this leg down and especially holding under 82

28 Apr 2017 11:44 am
and if this kind of action continues there would be a chance of a drop down to the 74 area sometime today

28 Apr 2017 11:49 am
if they bounce from 78-77 and not go right through then look for resistance aroun 79.50--80.50 as that should be a resistance before 82-83

28 Apr 2017 11:56 am
if a low is not in (and double bottom on Dow) then a one more drop would need to turn up right away from 78-77 back above 79.50-80.50/hold or could be some more downside instead. This move needs to get over 81.50 and not reverse down

28 Apr 2017 11:58 am
apologies for the double updates, I think I need to remember to find a new mouse. Just put out some cheese. ;-) update and about 10 minutes

28 Apr 2017 12:09 pm
after the gap up open reversed at 88-89 resistance we had a decent drop to 80.50 and pop-up to just under 84 and a drop down to a double bottom at 79.25 – 2 ticks over yesterday's low

28 Apr 2017 12:11 pm
buyers came in early and held it above 78.75 and the 78-77 zone,and now 82-83 zone important again as it will be sold is still week

28 Apr 2017 12:15 pm
83.50 bounce high so far and long as that is held below for Thursday's on and support around 81.25--80.75 would need to hold or else bigger break

28 Apr 2017 12:36 pm
rolling over from the 82--83 area and stays bearish unless broken and held this afternoon. Sorry to notify you if I didn't but I will update again around 1:20 or thereabouts

28 Apr 2017 01:27 pm
the ESjust made a double bottom after turning down from the 82-83 area and still needs to get back above that area and holds over it in order to be out of potential trouble by breaking double bottom

28 Apr 2017 01:30 pm
triple bottom on the Dow also. If that holds and 82-83 broken then could get a breakdown of current downtrend from the high

28 Apr 2017 01:33 pm
should hold on another small pullback and keep going through 82-83 on this move if it's going to be able to break through. Need to hold 80.50 again now

28 Apr 2017 01:35 pm
if broken then a bounce that follows would fail,

28 Apr 2017 01:44 pm
missed its best chance of breaking out in should be headed to the 78-77 area of eventually on this move

28 Apr 2017 01:46 pm
would be the 4th time at the 79.75--78.75 area and should poke through that area and the way the market is acting a bounce after should still fail under 82-83

28 Apr 2017 01:50 pm
4 times for the Dow testing its low area also 20934-2931 and should be broken through also if going down to the 78-77 or more on this move

28 Apr 2017 01:59 pm
a feeble bounce after test of the low and yet another time down should go 78-77 and should get some momentum or else would stop and attempt a bounce back although still would need will move over 82

28 Apr 2017 02:03 pm
fourth time today where the ES turned up from 79.25 and now unless that is broken we have a decent bottom put in place at least for a while and attempt a moves to work through 82-83

28 Apr 2017 02:07 pm
the way that the market is acting, there still could be a breakdown with the NQ losing its luster especially and as long as the ES is under 82-83 pressure stays on

28 Apr 2017 02:12 pm
FINALLY going to get to the 78-77 area or lower and all bounces should continue to fail under 82

28 Apr 2017 02:15 pm
81-81.50 new resistance that should not be reached or broken through in order to keep pressure on and a trend down day in gear

28 Apr 2017 02:18 pm
bounce from 78.25 supports so far. we had a high on the open at 88-89 resistance and every bounce high on a 5 minute chart has been a lower high and keeping downtrend intact unless 81 broken

28 Apr 2017 02:28 pm
so far the bounce off of the 78 support has been somewhat feeble, and in less they can get above 81 on this move then another leg down, as all ounces have failed at lower highs

28 Apr 2017 02:34 pm
the turn came at 2:15 which is close to the 2:20-2:40 potential reversal time frame, so a move over 81 could break current downtrend and late day bounce could be underway – would still need to go through 82.50-83 area//hold

28 Apr 2017 02:37 pm
failure under 81 so far so still in a trend down moves and could test support area again

28 Apr 2017 02:40 pm
there is also a 60 EMA with a good downslope of about 33°currently at 81.25. Making the 81-81.50 and area to get through and then especially 82-83 just above that. Still bearish unless broken through

28 Apr 2017 02:46 pm
bounce stalling 1 tick under 81.00-81.50 downtrend resistance, and appears a move under 79.50 could continue drop towards low again,, but another pop-up could happen if held and still would need to get over 81 and then 82.50--83

28 Apr 2017 02:48 pm
beginning to look like a low in place at the 2:15 turn around off of 1 tick above key support and going over 81 could get some momentum, but likely fail a bit higher up

28 Apr 2017 02:50 pm
Ron on this and so has 81-81.52 get through at least without turning right back down in order to avoid yet another pullback/drop from this area

28 Apr 2017 02:59 pm
bounce off of 79.50 still needs to hold their or else going to breakdown stalling out at another lower high on the 5 minute chart

28 Apr 2017 03:01 pm
should come back down to work through the low area

28 Apr 2017 03:01 pm
should go into the 78-77 area

28 Apr 2017 03:04 pm
bounce from this low would need to go 80.50-80.75 and not turned right back down again or else another move down to the lows again

28 Apr 2017 03:07 pm
jjust made a higher low and turned up and now about to get to the 81 level and if so another pullback will be bought and could keep going up to the 82-83 area

28 Apr 2017 03:09 pm
bbuying started right at 3 PM and can pullback from here with 60 EMA along with a tick extreme but not come down very far or just pause before another bounce attempt

28 Apr 2017 03:16 pm
bounces going to have a hard time getting to work through the 82-83 area, unless there is just a tiny pullback here and turns up from 80 or above to try for the 82-83 key area

28 Apr 2017 03:23 pm
need to turn up from 80.50-80 area or else could be another push lower that could last until the close, with the high being made on the open this has a good chance of happening on a normal trend down day

28 Apr 2017 03:24 pm
whatever the case, right or wrong I would not be holding on to long positions very long at all as long as the ES is holding under the 82-83 area especially

28 Apr 2017 03:26 pm
we had 2 big gap up openings this week which was bullish, but then made a bigger picture 123 kind of top on the daily chart and sold off so far to a support zone but just a minor one

28 Apr 2017 03:27 pm
bounces are not going very far before being sold also and it has been the opposite since coming off of double top at 94.50-94.75. Just wait for a bounce that stalls out for rejects resistance for shorts

28 Apr 2017 03:29 pm
the NASDAQ 100 cash index that the NQ tracks made its new all time high at exactly 5600.00 this morning while the ES turned down from resistance also. Some strong areas above us.

28 Apr 2017 03:32 pm
I would be extremely surprised if there is another 20 point gap up open on Sunday night Globex trading. market has not acted well since topping.. Still looking for drop for all test for break of the low before closing today

28 Apr 2017 03:32 pm
aas long as the ES holds under 81.50 and can break under 79.50

28 Apr 2017 03:36 pm
well it looks like some shorts covering on these pullbacks, but still need to get over 81.50 on this move. – – have a great rest of you!r day and have a great weekend also !!! take care!

 

INTRADAY LOG FOR THURSDAY - APRIL 27, 2017

27 Apr 2017 09:09 am
good morning. with the ES closing right at the 83-82 area, and going to bounce from there on the open. it should be an important low but looks like 86.50 needs cleared early or another retest possible.

27 Apr 2017 09:17 am
should have used the 83-82 zone to cover shorts yesterday, however upside should have trouble holding unless can take out 88-89/hold

27 Apr 2017 09:26 am
I will update the level after the open and then meet you online around 10:20 or thereabouts. 86.50 area could be pivotal and probably should hold 85 for a chance to get through

27 Apr 2017 09:32 am
needs to bounce from 85 above 86.50 and hold or pullback a bit more towards the 83-82 but beware of potential for bounce above that

27 Apr 2017 09:37 am
cover part of your short at 83.50 or better and trail stopped on remainder, or just keep a stop in plac 86.50 should be reached again if breaking down

27 Apr 2017 09:38 am
bounces are going to have a hard time holding today anyway

27 Apr 2017 09:41 am
a bounce would need to go back above 85 area and hold after that in order to get turned around and not go down towards 78-77 on a breakdown

27 Apr 2017 09:46 am
bounce off of 83-82 area and needs to get going over 85 and hold, but he area now 86.50 get above and hold instead of reject.. – Meet you online around 10:20

27 Apr 2017 12:07 pm
the ES rallied to 87.50 and then reversed at 10:15 and broke through 83-82 and then held as resistance before dropping to 3 ticks above 78-77 so far, has to go over 82-83 or still bearish

27 Apr 2017 12:10 pm
bounce so far reach 81.75 and backed away just under 82-83 and would need to turn up from 80.50 area or could go back towards the low

27 Apr 2017 12:15 pm
should hold 88.50 at lowest in order to continue up to or through the 82-83 area or else roll over again from that area if 81.50-81 broken

27 Apr 2017 12:18 pm
I will be away until around 1:15 and I will update before then only if free and able. market stays under pressure unless 82-83 broken above and held for a move back towards the lows again this afternoon or lower under that case

27 Apr 2017 12:54 pm
the ES broke through 82--83 and held 83 on a small pullback and turned up,and should be on the way to or through 85.50-86 area where a pullback could come from but continue pushing higher

27 Apr 2017 01:01 pm
nonstop run up to the 88--89 area and have some trouble here on the first time up, but looks like after a pullback it could be tested or broken – depending on how far it goes back

27 Apr 2017 01:14 pm
a nice pattern for another bounce with 85.75 folding so far,, however this is an important resistance and hard to get through unless the market is going to make a move back towards its all-time highs –Wednesday high anyhow. Must told around 86.5

27 Apr 2017 01:16 pm
right now the market should have some selling pressure folding under 88-89.50 – can come down to go through the 85 and if not held 83-82 important to hold at the lowest –. should not go back under that

27 Apr 2017 01:18 pm
the NQ has been in a strong uptrend and yet again new all time highs, and knowing sideways just under its high and looks likz 5566--65 needs well for could start pullback of some sort

27 Apr 2017 01:27 pm
this pullback has been able and could turn up from the 86.50-86 area otherwise it's reversing and could begin to break down, possibly with that momentum if cannot break out over 88-89 soon

27 Apr 2017 01:32 pm
stalling long enough and needs to hold 86.50 in order to have a chance of taking out 88-89 instead of rolling over from up here.. Good spot to short with a tight stop

27 Apr 2017 01:40 pm
drifting lower and would need to go over 87.50 and then the 88-89 area not too long from now if this rally is going to keep on going

27 Apr 2017 01:43 pm
still needs to get over 87.50, or else continue to drift lower and maybe get a little momentum. If so 83--82 should not be reached or broken or bad shape

27 Apr 2017 01:46 pm
pullback should hold around 84 area at the very lowest,or it's more than halfway back down and also a "last trapped" from earlier

27 Apr 2017 01:51 pm
to break this falling wedge type pattern 87-87.50 needs broken through/held, not rejected or else stays in a downtrend

27 Apr 2017 02:01 pm
85.25 low so far and needs to hold their and gets above 86.50 at Lux in order to have a pullback low in place and bounces attempt instead continuing to drift lower

27 Apr 2017 02:04 pm
pop-up sold into at 86.50 and could begin to roll over now

27 Apr 2017 02:13 pm
85 and get above at least 86.50 and an up gusto that it can hold after getting through, or else will fail around 88-89 or lower

27 Apr 2017 02:18 pm
86.25 was sold in this very slow drift lower,, and unless that is taken out with some momentum it's not going to get through 88-89

27 Apr 2017 02:21 pm
nneeds to hold 85 in order to keep the run up from 78.75 up to 88.75 could and up with another breakdown, it would need to hold and turned up from above 83-82

27 Apr 2017 02:26 pm
the NQ made a little 123 type of pattern after its new all time high at 5568.50 and is under some pressure which could help take the ES down. NQ needs to bounce from 5557.00-5556 it looks there

27 Apr 2017 02:29 pm
the ES will need to hold ABOVE 83-82 and not continue moving down to that area, but should hold around 83.75 which is halfway back down from the 10 point rally, and also just over 83--82. Resistance at 86--86.50 area still too clear and hold

27 Apr 2017 02:31 pm
2:20-2:40 PM turn around time frame and should be important low in place now at the 84.50 area,, above the 3-82

27 Apr 2017 02:44 pm
apologies but must go for today. and a pc issue. breakout of falling wedge bullish and going for 88-89

27 Apr 2017 02:46 pm
should not see 85 again. have a good day/ evening. take care

 

INTRADAY LOG FOR WEDNESDAY - APRIL 26, 2017

26 Apr 2017 09:13 am
Good morning. No real change from last night. the S needs to go under 83-82 and hold for the market to have a break of some sort.

26 Apr 2017 09:17 am
87 needs broken and held to try keeping the straight up move over the last 2 days going in spite of being overbought

26 Apr 2017 09:20 am
I will update the low after the open and then meet you online around 10:24 level after

26 Apr 2017 09:28 am
might consider covering short on the open and then sell the first bounce if it stalls//reverses around 87 or higher

26 Apr 2017 09:29 am
or add if they go up there and reverse

26 Apr 2017 09:35 am
run up from the open to the 87 area and turning down and needs to hold under 88.50 and order to come back down instead of test or take out yesterday's highs

26 Apr 2017 09:37 am
has to come down under 85 and not turn right back up with gusto through 88.50 for a high to be in for a bit at least

26 Apr 2017 09:42 am
the move up above 87 and back down should have put a top in place and a short there also and now needs to at least break under 84 but especially 82 area

26 Apr 2017 09:45 am
a bounce needs to take out 86.50-87 and then hold on a small pullback or else not going to breakdown to or through 83-82

26 Apr 2017 09:47 am
bounce from that 84.25 level and no gusto yet as it needs to go over 86.50-87 and hold instead of reverse again and needs to take out 83-82 four breakdown

26 Apr 2017 09:51 am
not much of a bounce off of 84 area however still holding 83-82 keeps ES still in uptrend off of last Friday's close as long as that area holds

26 Apr 2017 09:53 am
will need to turn down from 88 area if going to have a moved back down to or through 84 instead of trying for yesterdays highs.. meet you online around 10:20

26 Apr 2017 12:03 pm
after breaking and holding 88.50-89.50 the ES ran up to within 2-3 points of its all-time high and promptly reversed and picked up momentum breaking 92.50,

26 Apr 2017 12:03 pm
must break/hold 89.50 in order to get a low and get sold higher up near 92--93 maximum

26 Apr 2017 12:06 pm
89.75 bounce high so far and eight flu go under 87.50-87 and stick for anothertowards the lows

26 Apr 2017 12:08 pm
instead of going up towards 92-93 again if that 89.50 broken through with momentum after small pullback

26 Apr 2017 12:13 pm
so far 90.50 has been reached now and another pullback should hold 89-88.52 key this going up to 92.50--93

26 Apr 2017 12:15 pm
almost to the value to--93 area where there should be a turn back down unless melting back up towards today's high or above to the all-time high instead

26 Apr 2017 12:21 pm
bounce to the 92-93 area turning down at 92 and a move under 88.50 should name another bounce high in place and come down t 85.50 or lower

26 Apr 2017 12:24 pm
Bob roll over from 92 resistance needs to bounce from 89.50 or continued down towards 85.50 – – – I will be away until around 1:15 and will update at that time, only sooner if absolutely necessary and 40 at the time

26 Apr 2017 01:02 pm
quick comment: with the ES holding 89.50-88.50 as a pivotal support and then running up again keeps the ES in position for a test of either 94 or up to 97 all-time high area and then likely come back down, 2401 at the highest. Another pullback must

26 Apr 2017 01:16 pm
so far this move stopped 1 point under the high and is backing away a bit and should hold 91.50 area and turned up for a chance of taking out the highs and trying for 96.50--97.50 ffour of that higher then backed away most likely

26 Apr 2017 01:25 pm
we have more than 2 1/2 hours of trading to go today and has a shot of taking up the high and maybe going up to 96.50-97.50 if a 123 top is not made right up here now,, breaking 92

26 Apr 2017 01:26 pm
especially.. Should not go back above 93.75 in order to keep 123top in place

26 Apr 2017 01:32 pm
89.50-88.50 important area to hold and turned back up from in order to stay in the range and not breakdown and test or break 86.50--86 if no reversal back up

26 Apr 2017 01:35 pm
any kind of bounce from here at 89.50-88.50 on out should be sold under the 93.75 top of the 123 lower high//reversal level – important top if not broken/held this afternoon

26 Apr 2017 01:46 pm
bounce from 89.25 going straight up after pullback and likely going to reach 96.50-97.54 higher as long as 89.50-88.50 new pivotal area is not broken/held

26 Apr 2017 01:48 pm
nnow we have a 94.75 high an 94.50 token lower high aggressively sold breakdown to pivotal support and should be sold again if there is another pop-up as a breakdown likely

26 Apr 2017 01:55 pm
could not be a more perfect double top and just below the all-time highs by about 3 points, and reversing from up here could make a 123 top on daily chart also. Bouncing from quick reversal up from 87.50, needs to go under and hold 88.50-89.50 on b

26 Apr 2017 02:02 pm
it will be under pressure as long as holding under 89.50,, especially 91.25 ddown to 85.54 more possibly 83-82 key area

26 Apr 2017 02:15 pm
bounce from 87 slightly above the 86.25 pullback low just before noon, holding under 90 right now should keep pressure on,, would need to go back over 91.50 on this move with only small pullback after

26 Apr 2017 02:21 pm
bounce turned down at 91.25 and should hold hundred 92 in order to keep pressure on for a breakdown under 87-86 to have a chance of happening – this time frame should cause reversal or acceleration normally

26 Apr 2017 02:32 pm
keeps shopping around from 91.25 down to 88.75 and as long as that low is not broken and 91.25 broken through it could be the start of another run up which should be sold again once upside stalls/sshows rejection

26 Apr 2017 02:37 pm
not get back up to test the highs again iif unable to get over 91.25 without turning right back down another time,, and needs a good bounce from 89-88.50 Lowest or can be further breakdown of yet another pop-up

26 Apr 2017 02:46 pm
the ES is holding the 89.50-88.50 area area with the exception of 2 quick spikes below and back up, and even though 91.50 not broken yet, it likely will be but not hold unless strong momentum

26 Apr 2017 02:51 pm
important last 1+ hour of trading. Should begin to move higher and take out 91.50 -92.25 with gusto soon

26 Apr 2017 02:52 pm
91.50 touch and turned away and could be the start of another pullback here

26 Apr 2017 02:53 pm
nneed to go down through 89.25 and could get momentum if that happens with follow-through through 87 especially,, but should not go that far if a pullback starts

26 Apr 2017 02:54 pm
update and about 10 minutes

26 Apr 2017 02:57 pm
ttat should be a bounce hig again but if broken through at 91.25 that would need to be broken above was some gusto to the attempt the double top – but could

26 Apr 2017 02:59 pm
next update in about 10 minutes. must told and bounce fro 89.50-88.50 or else continued breakdown

26 Apr 2017 03:10 pm
another bounce fro 89.00 new support could take out 91.25 and if that does not bring in more buying but reversed instead them could come back down and hold over 89.50-88.58 support end of the day

26 Apr 2017 03:15 pm
the way that the market is acting the ES will likely be sold at a lower high on this bounce but still should hold 89.50 88.50 to avoid late day breakdown. Should not go back down there today or breakdown not impossible

26 Apr 2017 03:16 pm
could come back down towards 89.50--88.50 but should not get there, however if it does and goes through 87 than 88.50-89.50 would need to be new resistance to keep pressure on

26 Apr 2017 03:19 pm
really needs to hold around 90 area now in order to stay strong. going through that a pullback towards 89-88.54 rather than a potential retest of 94.58 area

26 Apr 2017 03:27 pm
with today's double top and also potential 123 top on daily chart, reentering 1/2 swing trade on the short side at 99 or better, stop at 94.75 wwhat should not be seen if .2 breakdown

26 Apr 2017 03:28 pm
were going to have a late day breakdown it appears, lots of sellers above and in a position where an important top could be in place and better pullback start today for tomorrow morning latest

26 Apr 2017 03:30 pm
in order to keep a position overnight the ES will need to go under 88.50 and then a hold under 90.50 area on a bounce attempt

26 Apr 2017 03:32 pm
kind of like yesterday with the ES holding 83-82 area in the afternoon. Better chance of poking through the day though

26 Apr 2017 03:40 pm
with a good double top on the daily chart and a 123 top on daily chart,, can be the start of a decent pullback and stay short from 90.50 area as long as hold under 89.50 is bearish.

26 Apr 2017 03:41 pm
tthis move down to 85 stalling a bit and could begin a bounce attempt that needs to stay below 89.50 in order to have a breakdown that is holding.

26 Apr 2017 03:42 pm
have a great rest of your day! update this evening and then I will meet you here tomorrow morning. Take care!

 

INTRADAY LOG FOR TUESDAY - APRIL 25, 2017

25 Apr 2017 09:06 am
good morning. having a big gap up open yesterday, the ES should have trouble breaking the 82 area and staying up there,, if reached.

25 Apr 2017 09:10 am
should not be able to even get there really. My internal gauges will be at or very close to having across-the-board extremes on the upside, along with the VIX down at 10.43, things could change

25 Apr 2017 09:12 am
there is Econ data at the top of the hour .I will update shortly after the open and then meet you online around 10:20

25 Apr 2017 09:14 am
odd that NASDAQ composite index at all time high and NASDAQ 100 about 55 points from its all-time high

25 Apr 2017 09:28 am
78.50 area could be pivotal early and must not be broken and held

25 Apr 2017 09:32 am
a short on a bounce if there is one as long as it is reverse from under 80 down to 75-74 or more

25 Apr 2017 09:33 am
has to go under 78.50/hold in order to get any thing going on the downside unless a reversal down from 80 area

25 Apr 2017 09:35 am
81.50-82.50 important area up here to reverse from if there's going to be an early turn and not keep going straight up to the 86.50-87.50

25 Apr 2017 09:38 am
just missed resistance by 2 ticks and has to go under 79.50-79 to get this to attempt rolling over

25 Apr 2017 09:39 am
79.50 looks like a key area that needs broken down through in order to have a reversal attempt from up here

25 Apr 2017 09:43 am
should need to hold around 81 and especially 81-80 maximum two avoid reversing keep running up a bit more, reverse at 9:5-10:10 AM timeframe or sooner

25 Apr 2017 09:45 am
not able to hold over 82.50-81.50 should mean some pullback should began instead of continuing to 86.50-87.50

25 Apr 2017 09:45 am
I will meet you online around 10:20 or a little after

25 Apr 2017 09:54 am
topping

25 Apr 2017 09:55 am
91.50 key

25 Apr 2017 10:10 am
10;10 turn or 92 next

25 Apr 2017 10:10 am
10;10 turn or 92 next

25 Apr 2017 10:11 am
88 key thrn 92

25 Apr 2017 10:11 am
88 key thrn 92

25 Apr 2017 11:57 am
after the ES had its gap and go on the open it went up to the 86.50-88 zone at 87.00 and reversed at 10:10 AM, but only a 4.25 point pullback, holding just over 82.50-81.50 prior resistance so far

25 Apr 2017 11:59 am
with a very tiny range so far,another rejection of the 86-87 area at the highest sshould be reversed to turn the trend back down again

25 Apr 2017 12:00 pm
looks like as long as 84 holds a test of the high is possible.. Back in about 10 minutes roughly

25 Apr 2017 12:10 pm
small pullback from 86 and has to get over 86.50--88 or else start another pullback from this 123 type of top on a break back under 85-84.50 and holds under 85.50 after that

25 Apr 2017 12:19 pm
so far the ES bounced from 84.50 in this tiny range the market is in, and will top out unless they break through the 86.50-88 area pretty seven, especially with the NQ steady melt up in new all time high ground

25 Apr 2017 12:24 pm
I will be away until around 1:10-11:15 PM, and with this in a small range it won't breakdown unless 83-82 is broken through. my internal gauges should be at extremes, should start decent pullback this afternoon or some time tomorrow. If topknot and

25 Apr 2017 12:24 pm
the risk is high buying up around the high area,, buyers should back away unless there is a move over 86.50-88 and cause further short squeeze

25 Apr 2017 12:25 pm
next update around 1:15 PM

25 Apr 2017 12:33 pm
with the ES turning down from 86.50-88 zone and the top at 87 was just tested and turned down at a lower high at 86 making a more well-defined topping pattern and should be looking to short at or below 86-87, it should not be broken and held

25 Apr 2017 12:35 pm
putting on partial position for a swing trades at 84 or better on 1/2 of the position, will update the other port or exit if there is no reentry later today/tomorrow

25 Apr 2017 12:37 pm
missed ideal entry point with this getting to the 82.25 level so far and could begin to break down if broken through and held under 83-83.50 area

25 Apr 2017 12:39 pm
updates can just a while. Should not get through 84-84.50 and be able to hold.. This bounce will be sold into even though it's coming from old resistance/new support

25 Apr 2017 01:00 pm
so far the ES went back up to 84.25 for an entry although would like to be closer to the high, and any case they should not go above 86.50-88.00 zone on this move from Friday low before some sort of pullback, break and hold under 83-82

25 Apr 2017 01:09 pm
well,with the ES still holding the 82 area and taking out 84, there is a chance for another bounce up to the 86-87 area, maybe more. Anyhow, not sure but could keep going and maybe poke above resistance, would want to have some proof now

25 Apr 2017 01:12 pm
nothing "bad" will happen unless or until the ES breaks under 82.50-82 prior resistance//new support, and unless another topping pattern better to go with trend in momentum until broken

25 Apr 2017 01:15 pm
has to come back down to 85 and not turned right back up in order to attempt breaking uptrend and another double /triple top

25 Apr 2017 01:22 pm
the ES is up at it 86.50-88 resistance in early high at 87, and could push through following the NQ going up to four through that 88 level and backing away a bit

25 Apr 2017 01:28 pm
so far only a small pullback from 86.75 resistance and just under the early high at 87.00,, a break under 84.50 that does not get turned right back up needed to start breakdown possibility

25 Apr 2017 01:38 pm
sellers coming in at or just under the 86.50-88 area 4 times and it looks like the 84.50-84 area is a pivotal area, and if broken 82 important support an resistance still at 86.50-88 to get above

25 Apr 2017 01:42 pm
the stalling out and turning down around this last major resistance before going to all time highs (92 minor above today's high) needs to get above that resistance,or else come back down to or through 83-82 a key area at 82

25 Apr 2017 01:44 pm
it is very slow and thinly traded so far today, so if small pullback continue holding this. Make a run up to war through the 86.50-88 on this move

25 Apr 2017 01:56 pm
stalling out and continuing to back away from the 86.50 resistance however pullbacks have been tiny and unless 45.50-45 pivotal area is broken, these pullbacks still are getting bought

25 Apr 2017 01:59 pm
ssure is acting top-heavy and getting through 86.50-88 is looking to be more difficult as this goes on, and going back under 84.50-85 could upset the apple cart and start a move down towards key area around 82.50-82

25 Apr 2017 02:08 pm
good underlying bid about to push this through the early high at 87 and try going above 88 resistance

25 Apr 2017 02:09 pm
iif there is a breakthrough 88 that can hold around 86.50-86 on a debt after that then this could keep going on up towards 92 area yet today

25 Apr 2017 02:13 pm
if this goes above 88 but does not hold 86.50 area on a dip after that, then the uptrend could be reversing a bit. Should not go far as there are good buyers on pullbacks

25 Apr 2017 02:18 pm
so far reached 87.75 and just under the top of that 86.50-88.00 area, and if there is going to be a turn it should come from that area in the 2:20-2:40 time frame if it is going to from up here today

25 Apr 2017 02:23 pm
tiny reversal from 87.75, in the 76.50-78.00 zone, but can stay in a trend up mode as long as 85 area is not broken, if it is them reversal of the 2:20 -2:40 PM time frame could get momentum

25 Apr 2017 02:29 pm
turned down from just under 88 and so far reached 86.25 and a break back under 85-884 pivotal area could put some pressure on to test were break 82.50-81.50

25 Apr 2017 02:31 pm
really beginning to look like a top can be left in place by going under 84 and especially the 82 area without turning right back up. Bounces should begin to fail

25 Apr 2017 02:34 pm
back-to-back big gap up days is bullish, and there are buyers coming in on all of the pullbacks today, and this will buying frenzy is going to continue then it should continue holding 86 and get above 88 without reversed

25 Apr 2017 02:37 pm
pullback should be no more than 2.75-3.75 points and bounced back from another higher low to keep the stairstep higher from breaking

25 Apr 2017 02:42 pm
another pullback needs to hold 86 and more important the 84.04 oor else

25 Apr 2017 02:49 pm
the ES has been bumping its head against the 86.50-88 resistance area all day and if it is going to breakdown if it cannot hold 86 and especially 884.50 before reaching major area today around 82//llate day breakdown area possible

25 Apr 2017 02:50 pm
going to keep 1/2 of a position on the short side and will look for entry on other 1/2 tomorrow in the morning or overnight as long as 88 not broken through/held today

25 Apr 2017 02:55 pm
so far 86 held and was turned up, but if unable to get over 88 then pressure will be on for a breakdown in the last 65 minutes

25 Apr 2017 02:57 pm
could be headed down to the 84.50 area where there needs to be a strong bounce, but likely won't be, and a bounce from here should hold under 88 for a shorting opportunity today

25 Apr 2017 03:01 pm
another bounce attempt after breaking through 86 down to 85.25 so far and should go down to the -82 area

25 Apr 2017 03:03 pm
a 3 PM bounce of some sort but likely not get over 88 and holding up there

25 Apr 2017 03:04 pm
85.25-84.75 should hold on another pullback in order to keep this choppy action going to test or break 88 area

25 Apr 2017 03:14 pm
needs to hold 87.50-86.50 area at the most on a dip in order to keep run up going and not go back down to or through 85 area

25 Apr 2017 03:21 pm
this move has been basically a trend up move since 82.25 was held and turned up back at 12:40 PM.. No breakdown unless a moved back under 86.50 prior resistance and holds under 88 after that. The buying frenzy could last until around 3:30 PM or

25 Apr 2017 03:24 pm
there could be a late day drop if this goes back under 88-86.50 area and holds under 88 after that

25 Apr 2017 03:30 pm
it's possible for a late day pullback if this holds under 89.25 and breaks below 87.50-86.50 area have a great rest of your day.. I'll meet you here tomorrow before the open. Until then, Mike Reed

 

INTRADAY LOG FOR MONDAY - APRIL 24, 2017

24 Apr 2017 09:17 am
Good morning. I am going to be in and out today, and mostly away in the afternoon. as for the market, this gap up open should not go much further before pullback

24 Apr 2017 09:19 am
they are around the 72-73 last listed resistance and it should be an important area or else 75 could be reached but not held. first support down around 67.50-66.50

24 Apr 2017 09:28 am
update after the open, but needs to get over 72-73 and hold 72 if going to or through 75 area before pulling back, and looks like 68 and especially 66 area needs held

24 Apr 2017 09:32 am
should be a early high if there's going to be a decent pullback into them 60s

24 Apr 2017 09:37 am
huge gap up being sold and 67-66 needs to hold or could go as far as 63-62 maximum before bouncing

24 Apr 2017 09:41 am
drop from the 72.50 resistance bouncing off of 67-66 prior resistance and will be tested or broken if this does not get back over 72-73 and stick

24 Apr 2017 09:46 am
I gave 68 last night but 67-66 is an area on the chart from 3/31 before last run up to 75 and muskets over 72-73 or else go back down to that zone, could be pivotal up here

24 Apr 2017 09:47 am
70 would need to be broken and held now or else more downside to go, trend down J not impossible

24 Apr 2017 09:49 am
but not likely unless there is a break under 67-66 that holds and a further drop to the 63-62 area would be very important if reached or fill the gap 58

24 Apr 2017 09:53 am
bounce attempt from above the 67-66 new key support but unless 70 broken/held . Soon here and keeps going through 72-73 this is not going to hold

24 Apr 2017 10:02 am
mmust told over 68.50 and order to keep going higher towards 72-73 but should be hard to get through that zone and hold or else run up to course through 75 before coming down again

24 Apr 2017 10:08 am
all averages are up 1% for the day, and the ES back to the 72-73 area where another pullback should begin if there's going to be a decent pullbacks again and not go up towards 75 instead on a breakout over resistance

24 Apr 2017 10:13 am
tiny double top at a major resistance area at 72-73, has to be broken and held to avoid another decent pullback possibly down to 66.58 area or lower

24 Apr 2017 10:24 am
pullback turned up from 68.75, just over 68.50 and now a third try needs to go through 72-73 and not turned right back down if going to 75 instead of a quick drop down to Gore through 68-67

24 Apr 2017 10:26 am
Quick drop from 71.75 down to 69.50 so far and should continue to work through our low areas if not a strong bounce from 68.50 above 72-73 – – back in about 10-15 minutes

24 Apr 2017 10:35 am
should be a high in place and all bounces should continue failing under the 72-73 zone now down to a lower low for the day

24 Apr 2017 10:57 am
only a feeble bounceaafter the test of the low and must not go back down there for a third or fourth time or will eventually break through. Same on the top 73-72 if reached again was some gusto

24 Apr 2017 11:02 am
stalling at 70 and unless cleared and held still under some pressure to break the low on another test

24 Apr 2017 11:07 am
needs to be a good bounce from 67.75-67.25 low area or higher and gets above 70 and be able to hold for a chance at a high area again otherwise could breakdown if that zone is broken through down to 66.50 or a little lower

24 Apr 2017 11:10 am
double bottom at that 67.75-67.25 area and double top at the 72--72.50 short-term major area, has to go above that and not turned right back down on a move over 70 or could reverse back down to the low of this range again or lower

24 Apr 2017 11:14 am
looks like upside is going to have a hard time tacking on much more after being up more than 1% and should have a hard time breaking and holding 72-73 on bounce attempts in short under

24 Apr 2017 11:20 am
we had the VIX dropped more than 5 points from its 16.38 high on Friday when the ES made its low down to 11.26 this morning and at very extreme overbought short-term, not reversed by much yet. With the new lows, bounces should continue failing down

24 Apr 2017 11:24 am
ES spent about 20 minutes without able to get over 70 and hold, reversing down from 70.50 to the 66.50 minor and on the way to 63.50--62.50 especially if hhold under 68.50 area now

24 Apr 2017 11:28 am
67.50-68.50 is bounce resistance that needs to be cleared/held for a chance at getting to or just above 70 but should not hold there if reached

24 Apr 2017 11:32 am
barely a bounce and holding under 67.50-68.50 resistance at the moment, will need to get over that area and especially 70 without reversing or still going down to 63.50-62.50 so stay with shorts

24 Apr 2017 11:42 am
small double bottom was made at 65.75 needs to keep going and take out 69.50--70.50 and hold 70-69.50 and turn UP again to make a move to or through 72.50-73, instead of topping already at resistance. if a low not in place then 63.50--62.50 should ho

24 Apr 2017 11:46 am
I might be a way about 10minutes or so but bounces should continue failing down towards the 63.50 area as this is beginning to act like a potential trend down mode

24 Apr 2017 11:58 am
sorry but I need to be a way another 15 minutes for roughly that amount and will update then. Should still go down towards 63.58 area if this holds under 68.50 instead of breaking over and holdings

24 Apr 2017 12:08 pm
so far the ES bounced back to 68 and is backing away, however with bounces failing the ES needs to hold 66 where it was basing since around 11:30 on this move back down

24 Apr 2017 12:17 pm
so far a little run up to 69.50 and must now hold after a small pullback and go back up and take out 70 and hold over 70 instead of reversing again, which would likely start more selling if that happens again

24 Apr 2017 12:22 pm
small pullback could turn into a larger one if 67.50-67 broken

24 Apr 2017 12:31 pm
wwe had a huge gap up open this morning make a double top at a major resistance area for me and has gone sideways since then with just a 6.75 point pullback. A chance it could get back up there, but must hold 67.50 to avoid potential breakdown in

24 Apr 2017 12:33 pm
I will be in and out the rest of the day and there might not be too many updates as there is a webinar today, basically and overview of trading fixed and dynamic S/R you were emailed yesterday. I'll update after lunch break over around 1:15 PM. Thi

24 Apr 2017 12:34 pm
bearish on bounces, bigger trend is now up and would only be a pullback in less it goes down under 63 and especially 58

24 Apr 2017 01:14 pm
the ES had a small pullback turned up from 67.50 again and has been slowly grinding higher without breaking previous swing low made on 5 and 1 minute charts and could get back to the 72-73 area but should have hard time breaking through/holding

24 Apr 2017 01:15 pm
will need to get over 70.50 and hold no lower than 69.50 but back above 70 and be able to hold 70 if added to work through 72-73 and not a reversal or pullback of some sort from lower high

24 Apr 2017 01:41 pm
a move back under 68.50-68 that does not get turned right back up for this to roll over from the 70-71 area up here just under resistance

24 Apr 2017 01:42 pm
if there's going to be an important lower high made and lower low under 65.75 low of the day or a higher low slightly above that they should roll over right around 70.50

24 Apr 2017 02:18 pm
pullback held 69.25 and just turned up again for a 3rd time and ran up to 72 so far for a 3|d time, must continue holding above 70 area, for a shot at going through 72--73

24 Apr 2017 02:27 pm
next resistance is at the 77--78 area,, and a major area above that at the 82 area. Probably will not get to those areas, as should be sold either going above and below 73-72 zone and holding, or if broken/held THEN could go up to 77-78, but likely n

24 Apr 2017 02:29 pm
the VIX reached 16.28 last Monday and has punished all the way down to 10.89 and just made a reversal, and if it goes back above 11.25 would be bearish reversal signal it looks. Can be a good indicator at extremes especially

24 Apr 2017 02:31 pm
room for one more rally attempt as long as 71-70 area does not break and then hold under 72 after that today. There's a shot at getting to the 77-78 if that does not reverse the way as stated above (or similar) before reversal/pullback

24 Apr 2017 02:47 pm
needs to continue holding at or above 71 or else the slow and choppy trend up move since around 11:45 AM could begin to break and go down to or throug 69.25 key level and then hold at/under 72-73 after

24 Apr 2017 02:50 pm
there is not too much more upside before this market gets hit with some selling that is more than just 6.75 points. A surprise if 77-78 is reached, but if it does and stalls or there is rejection you could probably sell them and you would get them ba

24 Apr 2017 02:52 pm
that might be it for the day. this has been basically trend up action, pullback should only be about 2--3 points maximum and turned up for this to continue higher and avoid potential reversal

24 Apr 2017 02:53 pm
should be back to normal tomorrow. Have a good rest of your day!

 

INTRADAY LOG FOR FRIDAY - APRIL 21, 2017

21 Apr 2017 09:08 am
good morning! an early bounce would need to get above 57.50-58.50, but does not look likely as the early strength should be a gift short, need to bounce from 51-50

21 Apr 2017 09:19 am
the ES had a very small overnight range and almost to the bottom and by time the market opens it could be that 51-50 that needs held or can go back to 46-45 area

21 Apr 2017 09:24 am
I will update about 10 minutes after the open this morning
21 Apr 2017 09:35 am
wwould need to get back over 52 and holds 51 after or else pressure stays on down towards 46-45 or lower

21 Apr 2017 09:38 am
well, so far 50 was fairly broken and turned up and unless this goes back under 50 it could go for the 52 area or maybe a bit more

21 Apr 2017 09:38 am
well, so far 50 was fairly broken and turned up and unless this goes back under 50 it could go for the 52 area or maybe a bit more

21 Apr 2017 09:40 am
has to keep going over 52 area and holds 51 after..another test of 50 needs to go right through or else a quick turn up could start a better bounce

21 Apr 2017 09:45 am
turned up from 51.25 and needs to hold their or above for this to avoid a potential breakdown. this bounce should fail so watch 53.50-54.54 a turn

21 Apr 2017 09:46 am
bounce failed already as 52-53 needs broken/held now

21 Apr 2017 09:50 am
pressure is going to stay on even if a bounce attempt from around 50 again and should breakdown unless 52 broken and held

21 Apr 2017 09:54 am
47.50 that 46--45 important before a drop to 42 key area

21 Apr 2017 09:57 am
stay short or so bounces holding under 51--51.50 area at the moment as a pop-up would need to get through that

21 Apr 2017 09:59 am
48.50 token lower low would need to give a strong bounce or else keeps going to the 47.50 and possibly 46-45 area

21 Apr 2017 10:02 am
so far a test of the low giving a bounce back to 51.58 area where it should turned back down or a low could be in instead of going down to 47.50

21 Apr 2017 10:03 am
51.50 bounce high, has to get above 51.50--52.50 area and then hold 51 after that or else pressure will stay on.

21 Apr 2017 10:07 am
another token hire high bid back up aand needs to go through 51.50--52 on this move to try putting a bottom in and that drop back down again to lower low third trip

21 Apr 2017 10:10 am
match the 48.75 low so far but should head towards 47.50 and possibly 4-40 50 if another bounce holds under 51 again

21 Apr 2017 10:14 am
backing away from 50.75 and another test of the low must be bid back up above 51 area for else head down to 47.58 area or lower before bouncing

21 Apr 2017 10:21 am
if they are going to go back to test or break below the and 51 needs to continue holding and not go back over 51.50-52.50 and be able to hold and push higher, or pullback to test or higher low

21 Apr 2017 10:27 am
ccoming down from 51.75 bounce high so far and going back under 50.50 area should mean another bounce will also fail and come back down to this area or lower to test or break the low on the way to 47.50 lower if that happens

21 Apr 2017 10:30 am
attempting to bounce from 50.25, and it looks like this pop-up is a short and should come back down towards the lows after the film bounce

21 Apr 2017 10:33 am
not quite back down to the low yet but should make a higher low and attempt a decent bounce or else keep going lower to or through 47.50 if dropped from feeble bounce

21 Apr 2017 10:42 am
at the 48.75 level for a third time and if not a good bounce back above at leas 50.50 it's headed down to 47.50 and maybe around the 46-45 area

21 Apr 2017 10:50 am
bounce rejected 50.50 and still on the way to 47.50 for the 46-45 area

21 Apr 2017 10:52 am
pressure is going to stay on the downside as long as a bounce holds under 50-51 prior the initial support

21 Apr 2017 10:57 am
47.50 reached and still headed towards 45 area if this holds under 49-50 on a bounce now

21 Apr 2017 11:03 am
49.75-50.50 area would need to be broken above and able to hold on a dip after that and order to avoid 46--45 area on this move down

21 Apr 2017 11:08 am
45 area should be a key area for a reversal but if reached and no sign of a turn 42.50--41.50 a major area that must hold today or bigger breakdown – 37 area could cause panic type drop

21 Apr 2017 11:15 am
so far 45.75 is the low but no sign of a turn and the 42-41 is a major area next and then 37 area is huge to hold today especially on a close it looks

21 Apr 2017 11:18 am
decent bounce off of 45.25 strong support area, must told as a low for the morning at least and should be for the day

21 Apr 2017 11:27 am
needs to get back above 48.75-49.50 and order to break this pop-up and drop action, and with the low at support//target area should get there and maybe back to or through pivotal area around 51 prior support

21 Apr 2017 11:30 am
13 point drop off of yesterdays high(so far at least) and with it backing away from 49.50 it needs to hold and turned up at or above 47.50 was some gusto to get up to 50.50 pivotal area or higher instead of rolling over again

21 Apr 2017 11:38 am
at the moment must get back above 50-51 area and be able to hold up there and not reverse back down and take out 48-47.50 which would be rolling over – update and about 10 minutes

21 Apr 2017 11:51 am
we have had our "normal" sell early and then by the first decent pullback to a support zone so far today, made it back to the 50 level so far. Still before noon, 1 more drop possible, but would need to break/hold back under 48 area

21 Apr 2017 11:55 am
a move over 50--51 would main this is still trying to go higher and would need to hold the lower than 50-49 and turned up to keep upside from potential reversal. – Update in about 10 minutes

21 Apr 2017 12:06 pm
downtrend from the 50-51 sound took out 48 and should fail on another bounce attempt and make another move down after that as long as holding under 51

21 Apr 2017 12:08 pm
another will need to quickly reverse up again from around the 47 area or else could go back down to work through 45 low area, possibly a higher low if not much momentum

21 Apr 2017 12:09 pm
I will be away until around 1:15 PM and will update sooner only if I happen to be free and and the update would be needed. In a nutshell it stays bearish unless 50-51 broken above and can stick

21 Apr 2017 12:57 pm
bounce from a lower high however 48 area still looks pivotal and unless broken and able to stick this has another leg down coming

21 Apr 2017 01:09 pm
42-41 should be a target on a short trade

21 Apr 2017 01:15 pm
straight down to and 40.50 and likely is going to test or break through the 37-36 major pullback support area, and if it goes any further has big breakdown day towards 31-30

21 Apr 2017 01:17 pm
– a long ways down there would need more panic their pocket drops along the way.. At the moment new resistance at 43--44 to get above and not roll over to the 45.50-46 key bounce resistance

21 Apr 2017 01:20 pm
this test of the lows needs to hold and bounced over 42.50 and order to attempt a turnaround and not go down towards 37 major area

21 Apr 2017 01:25 pm
buyers/shorts taking profits making an attempt for a 123 kind of bottom but still needs to get over 44.50-45.50 now and did not turn right back down from that area or below

21 Apr 2017 01:38 pm
there was a 26.50 point bounce from the 22.75 Globex low up to the 49.25 high on Tuesday, an 18 point pullback to 31.25, then almost equal 27.00 point bounce to 58.25, so far almost equal 17.75 point drop. Must told or on this pullback

21 Apr 2017 01:40 pm
still have a feeling this is going to be another trend day and should go down to 37.50-36.50 major pullback support area next

21 Apr 2017 01:50 pm
so far very feeble rebound and will need to still get back above 44.50 and especially 47 were selling hit at 1:10 , still acting trend down unless that happens without rejection

21 Apr 2017 01:55 pm
tthe only positives is a small 123 bottom and ssymmetry with 18 and 17.75 point pullbacks. Bouncing from the low but not with any enthusiasm and prone to rollover again iif 43-42 broken. Currently okay unless that occurs up to 46-47 and maybe se

21 Apr 2017 01:57 pm
should have low of the day in place now, with this breakout there should be shorts that have not covered yet and buyers wanting to get in,, pullback should hold 46.75 area

21 Apr 2017 02:00 pm
this has a chance to go for the 50-51 area if it gets back over 49.50 without failing

21 Apr 2017 02:02 pm
may not make it back to the 50-51 area on this move before some pullback however unless there is a break under 45.50-45 area again then chances are a bounce will not have an easy time bouncing and holding

21 Apr 2017 02:07 pm
this 48 area was pivotal earlier and could be again, as this is probably holding just under that area and needs to go over soon to avoid some pullback, 50-51 still key resistance above if 48 broken and not turned down again

21 Apr 2017 02:22 pm
this pullback from the bounce to the 48 pivotal area could begin to get momentum if it cannot turn back up from around 45.50-45 and with some gusto to get over the 48 pivotal area, or else end up with another drop today instead of "normal" end o

21 Apr 2017 02:24 pm
so far there is a pullback low at 46 and now 46-45 area is key on the downside to defend to keep this bounce that started with a sharp run-up going again to court through 50-51 zone

21 Apr 2017 02:28 pm
wwe should have a good low in place however unless the ES can power through 50-51 and able to hold also, this is going to have another somewhat decent pullback before another push higher. Timeframe for acceleration, or reversal

21 Apr 2017 02:34 pm
48 area is now a pivotal support, needs to continue holding if going to the 50-51 area or possibly on this move

21 Apr 2017 02:43 pm
this has been a two-sided day and this is backing away from just under 50-51 resistance so unless that is broken through and held there could be another pullback began, especially going back under 58

21 Apr 2017 02:49 pm
probably not a bad place for a short with a stop at 50 or 51 at the highest for this to have a drop back down through 58 possibly to the 45 and may be 43-42

21 Apr 2017 02:50 pm
the market just broke after sending out my message. Could enter on a small pop-up as that should continue another push lower

21 Apr 2017 02:51 pm
should not go back over 48.50 area now

21 Apr 2017 03:03 pm
pullback held and turned up from 46.25 and the last swing low was 46.00 and there was a double bottom attempt at 45.75-45.25 (45 pivotal support) so that make 46.25-45.25 as he area to break through on this move to go down to 43-42 or lower

21 Apr 2017 03:05 pm
buyers are not eager to be holding longs with the ES around the 50-51 area for sure, and not really liking it here all that much,, and should have a breakdown towards 43-42 possibly lower if late downside momentum

21 Apr 2017 03:18 pm
if this turns back down from 46-47 area it should make another lower low under 44 and reached the 43-42 area where it should bounce in order to avoid sizable pullback before closing

21 Apr 2017 03:29 pm
46 new resistance needs to be broken above and able to hold or else a move back under 44.50-44 could keep coming towards 42. If a breakout above 46 gets momentum instead, could go for 48 and possibly 50-51, doubtful however, should be a late pul

21 Apr 2017 03:31 pm
the market has had some good days and bad days, but except for a few strong days most of the action has been poor with bounces failing.. Surprised if this does not have some kind of pullback late

21 Apr 2017 03:33 pm
like drop underway.. – – I hope that you have a great weekend! I'll send you an update on Sunday, and then meet you here on Monday morning. Take care!

 

 

 


 

TradeStalker.com, Investment Advisory Service, Fort Wayne, IN

 

 


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