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

 

 

INTRADAY LOG FOR THURSDAY - SEPTEMBER 21, 2017

21 Sep 2017 09:10 am
good morning. 2503 area will need to hold to keep the market out of trouble early and possibly have some strength to be sold

21 Sep 2017 09:24 am
should be some two-sided action, and lower already and anymore selling should 2503-2502 and bounce again above 2707 and hold

21 Sep 2017 09:25 am
2507 and hold. I'll update a little after the open

21 Sep 2017 09:33 am
needs to continue holding 2503-2502 and then clear and hold over 2507.50 this morning

21 Sep 2017 09:34 am
the NQ likely going to be weak again versus the Dow at least. I will meet you online around 10:20

21 Sep 2017 10:05 am
00.50-01.50 pivotal

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

21 Sep 2017 12:07 pm
the ES made a double bottom at 2496.75 and turned up and a choppy rally reached 2503.25 and so far only pulled back to 2501.25. Breaking 2500.50 needed for a pullback of some sort from up here

21 Sep 2017 12:10 pm
as long as the ES holds 2501.25 it will avoid what could be a decent pullback but will need to clear 2503 and then hold and turn up again with some gusto from 2502.50 if going to get back 2504.50 day session high

21 Sep 2017 12:16 pm
it is the NQ today that has turned into the strongest index after making a low all the way down at 5919.25, and needs to go back under 5951 and especially 5947-5945 area, MAJOR now

21 Sep 2017 12:20 pm
with 2503.25 rejected twice it could be a top and keep an eye on the Dow as it should stay in a slight downtrend for the ES to break

21 Sep 2017 12:28 pm
I will need to be away until around 1:15 this afternoon but will update if I am free and it is necessary. Right now it is looking like, unless 2503.25 is broken and 2502.50-2502 holds pullback likely.. BUT, if the Dow turns up over 22,392 it could he

21 Sep 2017 12:47 pm
with that ES holding under 2403.25 and breaking 2502.50 it continued on down to 2500.50 so far and after a bounce could test were break that pivotal area and if broken look for 2498.75 IF sharp drop down

21 Sep 2017 01:09 pm
that was just a little shakeout and nothing more it appears and now there's a chance at 2603.25 or higher as long a 2602-2601.50 holds 2404.50 possible

21 Sep 2017 01:28 pm
That ES has been going sideways at 2503 and needs to get through and keep nudging higher very soon or else could begin to roll over if a break of 2502 area

21 Sep 2017 01:37 pm
the market is going to be thinly traded the rest of the day most likely as we have Rosh Hashanah today.. and right now the ES is backing away from the 2503-2503.25 area and is not going up as long as that is held below, a pullback would need to drift un

21 Sep 2017 01:55 pm
There is another breakdown of sorts from just under 2503 this time and holding under 2503 should keep the market vulnerable for a potential drop of some sort, and would need to see the Dow break down lower

21 Sep 2017 01:57 pm
However if it is broken 2504.50 should be tested, and then would need to hold 2403 in order to keep going higher

21 Sep 2017 02:19 pm
coming off again from 2502.75 and if it keeps going under 2501-2500.50 and not get turned back up then could begin to see a decent pullback

21 Sep 2017 02:37 pm
The ES could get to 98.50 if it cannot hold 2500.50 on this pullback which now has resistance at 2501.75 that should not be broken and held if going lower still

21 Sep 2017 02:59 pm
That ES just missed 98.50 and if it is going to break down it should roll over from 2554 2501.50 at the highest. I a going to need to go around 3 PM today

21 Sep 2017 03:19 pm
has to get over 2502-03 prior S / new R or vulnerable

21 Sep 2017 03:21 pm
have a good day

21 Sep 2017 03:59 pm
with that ES rolling over from just under 2503 again STARTING AT 3:35 pm this couldto or through 96.50 towards 95-94 major area if it has time and momentum
 

 

INTRADAY LOG FOR WEDNESDAY - SEPTEMBER 20, 2017

20 Sep 2017 09:07 am
good morning. If the ES opens over 2506 it should come back down to 2005.50 at least before going higher. Today is the Fed day and should get some volatility after noon at least

20 Sep 2017 09:17 am
ES needs to go under 2504 at least and hold under that area for a pullback. With such a tiny range yesterday, would think that a break of 2401.25 day session low yesterday would have a chance of a top in place

20 Sep 2017 09:27 am
needs to take out 2506 and hold 2505.50-2505 at worst and turn up for a better run up. –a break and under 2504 that then holds under 2404.50-2505 and turns down

20 Sep 2017 09:30 am
an update after the open and then meet you online around 10:20 to test the audio. It was tested last night and was working, so if issues again today we will just come here and update until a resolution is found

20 Sep 2017 09:32 am
should hold 2605 should hold 2605 or breakdown can occur. Good sellers above and a top should be in

20 Sep 2017 09:35 am
trying to hold 2505.50 which is the potential breakdown area if taken out and holds under 2606 after

20 Sep 2017 09:39 am
quick turn up from 2604.75 and needs to take out 2604 this morning and hold under 2605 after that in order to break the bigger picture steady uptrend with small pullback

20 Sep 2017 09:42 am
should hold 2506-2505.50 if it's going to keep going to a higher high

20 Sep 2017 09:43 am
if a new high then watch the 2608-2608.50 area for a potential turn.

20 Sep 2017 09:50 am
double top in place and should not be broken through and if I'm wrong and it's not a top then 2608.50 would be highest before coming back down

20 Sep 2017 09:53 am
should be a lower risk short with better opportunity when it breaks down probably today and outside is 2608.50 if topknot already in place like it appears. Pressure on if break/hold under 2505.50 area. Catch you online

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

20 Sep 2017 12:06 pm
The ES went down to 2602.50 but then got back above 2604 and held on the way to just above 2606 about a minute ago and can avoid any trouble as long as 2505-2504 continues to hold

20 Sep 2017 12:17 pm
strong Dow again. ES needs to hold 2505-2504.50 area or else it could be too far and begin to break down. Also, if 22,380 broken on the Dow its uptrend in jeopardy

20 Sep 2017 12:20 pm
another move over 2506 needs to hold 2505.50 or else could continue down to 2505-2504.50 key area up here

20 Sep 2017 12:21 pm
I will be away until around 1:15 but will update when I am free and it is possible.. I may be tied up until that time today however

20 Sep 2017 01:14 pm
the ES went up to just under the high at 2506.75 and rollover and in danger of a bigger breakdown to or through 2004 and especially if the Dow breaks 22,080 area also

20 Sep 2017 01:18 pm
the way that ES is acting,, and with the Dow getting crazy on the outside and finally rolling over bounces should not be able to hold even after the Fed today. Time to at least be short something if not already (per instructions during live session)

20 Sep 2017 01:24 pm
the market is much more fluid and "loosening up" in front of the Fed release, but that ES is still in just a 4.25 point range for the day and should more than double that had a minimum – or else there will be 18-22 point move coming

20 Sep 2017 01:35 pm
about 30 minutes before the Fed release and if 2604 is not broken above and held then another leg down and come before the release

20 Sep 2017 01:36 pm
if 2602.50 is broken then 2601.75-2601.25 zone is a target and must hold for those a bigger drop underway

20 Sep 2017 01:42 pm
if there happens to be a spike higher after the Fed release, that should be sold into aggressively and come right back down. at least the first time. Readings this morning associated with tops, the VIX and price patterns.

20 Sep 2017 01:49 pm
2603-2602.50 will now need to hold, and get back above 2605 again, and hold 2604.50 and turn up again if a pullback, to try for the high again, but should not get there, or hold if it does

20 Sep 2017 02:03 pm
finally a breakdown that likely will stick and will be bearish under 2403-2404 maximum, heading to or through the 97 level and possibly towards 93-92 if things turn ugly for a while

20 Sep 2017 02:06 pm
a good bounce back from 2499.52 the breakdown area and holding under 2603-2604 will keep pressure on and sold into if reached

20 Sep 2017 02:09 pm
should continue being sold on bounce attempts as long as holding under 2603-2604 and should at least test were break 98.50-97.50 area before a decent bounce attempt, or continued push lower

20 Sep 2017 02:17 pm
the ES went up to 2603 and was sold and unless 2603-2604 area is broken above and able to hold the market has a top in place and pressure stays on with bounces sold at least two or through 2498--2497 area

20 Sep 2017 02:19 pm
2600 area has been pivotal on the bottom side and a move that goes under 2600 it will need to quickly get back above 2600 and keep going up through 2603-2604, or breaking down otherwise

20 Sep 2017 02:22 pm
almost to the 98-97 area where there should be a bounce attempt, but if broken right through then could continue to or through 94 at least

20 Sep 2017 02:26 pm
94 low so far and prior key area before Monday gap open, if broken and doesn't hold just under that at 92, could keep going to/through 89-88 – a major pullback support today

20 Sep 2017 02:27 pm
Janet Yellen begins to speak at about 5 minutes.

20 Sep 2017 02:32 pm
the bounds from 94 support so far reached 2498.75 and backing away and as long as it holds under that 88.50-89 area pressure should stay on and test were break through 94 support

20 Sep 2017 02:37 pm
holding under 97.50-98.50 and almost back to the 94 support and if unable to bounce again from there then 92.50-92 needs to hold

20 Sep 2017 02:41 pm
I stated before the Fed meeting and the breakdown about being short for a decent pullback and so far we have had a decent intraday pullback. Could last longer if they hold under 97.50-98.50

20 Sep 2017 02:44 pm
this is going sideways and holding the 94 support but still not getting over 2497.50-2498.50 new resistance and holding, too take some pressure off for a rebound that should be sold

20 Sep 2017 02:52 pm
a nice rebound back above 2498.50 and as long as 2500 holds the ES can avoid another pullback, however getting back up to or through 2503-2504 should be hard to get to, but if so not hold but probably sold with some aggressiveness

20 Sep 2017 02:54 pm
has to hold around 2500-2499.50 and turned up,, otherwise down to 98-97 or below are

20 Sep 2017 02:59 pm
just missed the 2503-2504 area which is the bottom of the breakdown area from earlier action and should be pivotal area as whether this has a reversal up to 2505 again or fail right here as it should

20 Sep 2017 03:08 pm
for any chance of a decent rebound back into yesterday's tiny trading range to the high of the day around 2504-2507 area, would need to hold 2500-2499.50 or more selling back towards the lows– more likely

20 Sep 2017 03:18 pm
so far 2499.50 held and now needs to go up through 2503-2504 and stay up there for this to avoid another that would have a shot at taking out that updated 2499.50 support

20 Sep 2017 03:30 pm
the VIX spiked up to 10.87 and then collapsing with prices creeping higher reached 9.89, and a reversal up on that along with ES holding under 2503 and breaking 2499.50 can start a late pullback. Must hold 99.50 to avoid it and keep going higher

20 Sep 2017 03:32 pm
if this gets over 2503-2504 like it appears it might,, then needs to continue holding over 2503-2502 after that to keep upside from potential reversal

20 Sep 2017 03:35 pm
those are the areas to watch here late in the day. With the ES reaching 2503.50 so far, it looks like 2502 needs to hold to keep the trend up from breaking. keep moving higher to or through 2505-2506 prior high area

20 Sep 2017 03:41 pm
2504.25 reached on the bounce from the 2494 support/potential reversal area,, and will stay strong as long as that ES holds over 2503-2502. A move down under that zone from this high could start another pullback/selloff

20 Sep 2017 03:43 pm
we had one good shakeout and a decent rebound for another short under the 2505 level have a great rest of your day!

 

INTRADAY LOG FOR MONDAY - SEPTEMBER 18, 2017

18 Sep 2017 09:05 am
good morning. new record highs again today, with the ES currently at 2501.00, and just needs to hold at or above 2498.00

18 Sep 2017 09:24 am
there was a gap and go last week and looks like 2500 needs held or go down to 2498 or more. Strong uptrend getting very crazy, should be decent pullback coming at some point

18 Sep 2017 09:28 am
has to be turned down from 2502-2503 area or lower for a chance at coming down and testing 2500 or 2498 and filled the gap, which there are still 2 open gaps below still

18 Sep 2017 09:34 am
pullback from 2502 resistance to 2499.50 and unless 2402-2403 broken and held above then still can go down to or through 2498 and then another bounce

18 Sep 2017 09:38 am
should not be a break down through 2499 and go through 2402-2403 if this is going to keep it strong uptrend and momentum going

18 Sep 2017 09:40 am
2502-2503 broken then should not go back under 2500 or a high could be in place for a while. If the ES happens to go over 2508 area today 2512 would be next, just in case

18 Sep 2017 09:46 am
need to mostly watch the price action and not necessarily the "fixed" resistance but the "dynamic" resistance/support I give should be more important. Right now must hold 2503.50-2502.50 uptrend support

18 Sep 2017 09:49 am
until a trend reversal or topping pattern go with the trend and momentum up to the 2508 area where there COULD be a reaction of some sort

18 Sep 2017 09:53 am
holding the 9 and 18 EMA on 1 minute chart and the 9 EMA has been guiding price and is currently uptrend support now that 2505-2504.50

18 Sep 2017 09:55 am
need to bounce from 2604.50 up through 2506 and then continue holding 2504.50 after that if going to keep moving on up and not making a high in this area

18 Sep 2017 10:00 am
the VIX went to 9.88, which was 10% under it's 10 day average and reverse and should mean reversal in prices also. Buying the VXX not a bad idea with the VIX at or under 10.10

18 Sep 2017 10:02 am
it's at 41.77 right now. The ES pulling back and need a strong bounce from 2504.50 at worst or else can be making a high and if not then the next pop-up will be sold into

18 Sep 2017 10:09 am
another "gap and go" Monday open, with mania with tiny pullbacks of just 1.50 points and should be a top now if a break under 2504.50 does not get turn right back up with gusto

18 Sep 2017 10:13 am
coming down to 2503.50 and if no hold over that area and a good bounce could go back to or through 2502 which appears to be a key area to hold

18 Sep 2017 10:18 am
the NQ made an all-time high, but only spiked above and came right back down and it is bearish holding under 6012.50 – the ES should have a high in holding under 2505-2505.50

18 Sep 2017 10:23 am
could test 2502.50-2502 and if that is not held above, then we could see a move back down under 2500 again.

18 Sep 2017 10:25 am
needs to keep moving over 2505 and hold or else roll over from there and come down to or through 2502.50--2502 area

18 Sep 2017 10:31 am
has to get over 2405 and not turn right back down, or there is some pressure on for another pullback. will need to hold 2502.50-2502 or else a high could be in place for a while and bounces fail

18 Sep 2017 10:32 am
if 2505 is broken and able to hold then there could have new high made around the 2407.50-2408.50 area

18 Sep 2017 10:39 am
pop-up to a lower high so far, with only the Dow making a new high. There are anxious sellers above for a change and another pop-up should be sold and head down to or through 2502.50

18 Sep 2017 10:46 am
bounce turned down from 2505 and unless there is a good bounce from above 2403.50 above 2505 then the ES is going down to test were break 2502.50-2502 area which pivotal, must not be broken if reach

18 Sep 2017 10:51 am
still holding under 2505 and if it is not broken and then held on a dip after that, the market still vulnerable for a pullback of some sort, possibly 2502.50 if a breakdown soon

18 Sep 2017 10:55 am
ES trading between 2505 and 2503.25 and with upside momentum and trend, a break under 2503.25 would be a first chink in the strong move higher, and could mean a top in for a little while anyway

18 Sep 2017 10:59 am
need to keep dropping down through 2503.25 on this pullback and keep going to or through 2502.50-2502 area for a reversal from up here and leave the Dow at a high buy itself. Currently under pressure under 2505

18 Sep 2017 11:05 am
has to break the bottom of the 2505 and 2503.25 tiny range on the downside in order to break the strong uptrend. And about to go over 2500, if so can come back down but no damage unless bottom of range broken

18 Sep 2017 11:11 am
22505 broken by tick and not held, but unless 2403.25 broken soon then either stay range bound or try or a test of the high or a little higher

18 Sep 2017 11:18 am
this price pattern is one that could set up a pullback of some sort by staying under 2405.25 and breaking 2504.25 and then holding under 2504.75 after that it momentum doesn't pick up right away

18 Sep 2017 11:19 am
what ever the case, could rollover as long as unable to go over 2505 and then hold over 2505.

18 Sep 2017 11:25 am
holding under 2505 but not breaking down so far, with a quick turn up from 2504.00 and unless that level is broken and holds under 2504.50 afterwords, buyers still in control and a shot at testing the high or slightly higher high

18 Sep 2017 11:28 am
I need to be away 10-15 minutes, my apologies. Market still okay as long as 2503.50 area holds at the moment

18 Sep 2017 11:43 am
another move over 2405 that did not hold and still not pulling back very much but very close to making a top if it is not already a double top of sorts. Breaking under 2402.50 should break this down. Going under 2504 then holding under 2505 again sh

18 Sep 2017 11:50 am
just another small pullback and another pop-up just reached 2505 and should not go much further before another small pullback at least

18 Sep 2017 11:52 am
if there is a break below 2503.75-2503.25 low area of this range since the top made 20 minutes into regular trading hours, without going back over 2505 now, then should be too much to go back up to 2505 again

18 Sep 2017 12:03 pm
2503.50 in the middle of updated support area, needs to take out 2505 or else another pullback could reach 2502.50-2502.00 area which would be a key area to hold it looks, or reversal day then possible

18 Sep 2017 12:12 pm
I need to be away today until around 1:10 or thereabouts but will update if I am free and there is a reason for an update. – Right now range bound again, but bearish today unless 2505 broken/held for a move to/through 2502.50-2502

18 Sep 2017 12:38 pm
so far another one of those narrow 6.50 point ranges during the day session and another sideways channel after the high and should break the lower end today

18 Sep 2017 12:39 pm
going under 2403.25 down to 2402.50-2402. If breaking the range doesn't hold and turned up, 2498 could be in the cards for a reversal day

18 Sep 2017 12:45 pm
short side with a stop just over 2505 leaves enough room for this to under 2502.50-2502 and maybe 2498 or more

18 Sep 2017 12:48 pm
that happened quickly, the first real chink in the strong uptrend during the day in several days it seems, stopping right at 2502 so far and should under 2503.50-2504 area to keep pressure on

18 Sep 2017 01:06 pm
bounce to the middle of the 2503.50-2504 new dynamic resistance and has backed away a little bit so far but still needs to break through 92 and then hold under 92.75 after that due to downside momentum and try for 2498

18 Sep 2017 01:07 pm
update in about 10 minutes or thereabouts

18 Sep 2017 01:17 pm
ES is going to need to hold 2502.50--2502 area and sprang back up and go above 2504 and then 2505 also, without coming right back down again.

18 Sep 2017 01:21 pm
otherwise, going back down through 2502 COULD still go another 4 points down to the 2498 level, which would leave a bearish looking daily pattern IF that were to happen. has to hold under 2403.75

18 Sep 2017 01:30 pm
the NQ continues to be sold on pop-ups after its bounce high but the ES is basically going with the Dow still trying to not stray too far from its high. But good if 2402 broken and not turn right up again

18 Sep 2017 01:36 pm
as long as the ES holds 2402.50-2402.00 new updated support and the bottom of this range, it can get over 2503.75 updated resistance then a shot at testing or breaking 2505 another time

18 Sep 2017 01:44 pm
looks like 2405 is going to be tested or broken on this move as long as 2503.25 is held at or above

18 Sep 2017 02:00 pm
that ES is backing away from 2504.50, as it couldn't get back to or through 2505 at least yet, and needs to hold at or above 2502.50-2502 or else a shot at a move to the 2498 area if good downside momentum

18 Sep 2017 02:11 pm
2502 is needed for an attempted break down, which is going to happen sooner or later as long as the ES holds under 2504.50- 2505 area

18 Sep 2017 02:13 pm
the NQ is still weaker than the ES and better movement and easier setups on the short side

18 Sep 2017 02:16 pm
the Dow has a different double top in place just making its secondary high at 1:55 PM, and breaking 22,332 area needed there to get a decent size drop on the strongest index. Look at NQ near low

18 Sep 2017 02:17 pm
want to load up on any bounce for another pullback/drop as a top of some sort should be in place, certainly buyers backing away around 2405 area and finally decent pullback

18 Sep 2017 02:19 pm
if you happen to be short but NQ, it should not get back above 5999 after straight-line drop. ES now has resistance 2502-2502.50 and heading towards 2498

18 Sep 2017 02:24 pm
new all-time high on the NQ with a reversal back down through its low and down for the day now, making any kind of bounces a bigger picture short under today's high. QQQ put options on a bounce not a bad idea.

18 Sep 2017 02:26 pm
downtrend resistance on one minute chart at 2500.50 area with a low at 2498.50 should go down today token lower low at least at 98 before any kind of decent bounce attempt possible or reversal day will stick

18 Sep 2017 02:35 pm
so far just a feeble rebound and will need to get back above 2500.50 and hold over 2500 after that for an attempt at the 2202.50 resistance. But should not get there only to be sold again, and likely see 2498 on one more push lower led by NQ

18 Sep 2017 02:37 pm
which has been in a severe downtrend since reversing from new all-time highs this morning. Not over,

18 Sep 2017 02:42 pm
gap filled with the ES coming all the way down to 2497.75 so far, which is in 8.25 point move so far from the early high at 2506.00 and going further with 97.25 Friday close being next target//support on downside

18 Sep 2017 02:45 pm
today things have finally changed from recent action with reversals at new all-time highs on everything, 24 points below Friday close on NQ but the Dow up 57 and ES holding by .75 –so far

18 Sep 2017 02:53 pm
this bounce needs to 2499.75 and then continued on up through 2500.50 in order to get a turnaround attempt of some sort, and not be sold into again until better bounce instead of the expected back away

18 Sep 2017 02:59 pm
had our early strength sold 20-40 minutes after the open with a top right at the 20 minute mark, and pullback low and turn up just outside 2:20-2:40 timeframe. Need shorts taking profits

18 Sep 2017 03:01 pm
now that the 2402 area is about the middle of today's range, the ES needs to get back above that area or else the chart may not look very good end of the day

18 Sep 2017 03:09 pm
92-92.50 still needs to be taken out and able to hold up there or this is just another bounce before heading back down to test were break the low, NQ especially

18 Sep 2017 03:21 pm
so far holding and turning up from 2500 and needs to continue to have a chance of going up to 2502--2502.50

18 Sep 2017 03:27 pm
so far the ES has reached 2501.50 and could still get to 2502-2502.50 area, but would be a key area and pivotal and another pullback if buyers back away

18 Sep 2017 03:30 pm
still will be in an uptrend as long as 2501-2500.50 is not broken, and then hold under 2501-2501.50 and turn down after

18 Sep 2017 03:34 pm
needs to either break and hold over 2502-2502.50, or break under 2500.50-2500 and put pressure on the downside at the end of the day. The former is more likely it appears

18 Sep 2017 03:35 pm
enjoy the rest of your day! Catch you in the morning. Take care!

 

INTRADAY LOG FOR THURSDAY - SEPTEMBER 14, 2017

14 Sep 2017 09:04 am
Good morning. The ES reached 87.50 support and held so far but should go back under in touch 87 at least to fill a gap. Good resistance at 91.50-92.50

14 Sep 2017 09:08 am
this will be the biggest pullback since the move started Monday, and with of both RBI and 3 day thrust oscillator overbought tending to mark reversals or at least two-sided days, that's what should happen

14 Sep 2017 09:18 am
I said the last two nights that getting over 95-96 should have a very hard time holding and if they happen to get there today the same thing applies.

14 Sep 2017 09:20 am
also should be hard to break and hold under 87.50, unless going to have a good-sized selloff

14 Sep 2017 09:29 am
I will update a little bit after the open

14 Sep 2017 09:35 am
need to get over 92.50 and hold

14 Sep 2017 09:36 am
and probably won't be able to do that i 88.50-87.50 is reached again and does not reverse with gusto

14 Sep 2017 09:41 am
89 so far held but if a bounce holds under 91 then should come back down and test were break 88.50-87.50 area

14 Sep 2017 09:45 am
backing away from 91 and with the Dow still hanging in there need to get through 91 and keep going through 92.54 a shot of the Dow going up towards all-time high

14 Sep 2017 09:50 am
so far 2 quick turns back up from 89 and 89.25 and avoidance trouble unless broken but should be still under some pressure and less 92.50 broken and then held on a dip

14 Sep 2017 09:51 am
I will meet you online around 10:25

14 Sep 2017 10:12 am
91 must hold top in

14 Sep 2017 10:12 am
91 pivotal

14 Sep 2017 10:16 am
or high if 91 broken. dow made new high by 1 pt

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

14 Sep 2017 12:01 pm
the ES went from 2 ticks above 88.50-87.50 support up to the 95-96 zone, and as stated the last two nights a move at/over that zone should not be able to hold and so far hasn't by quickly reversing down

14 Sep 2017 12:05 pm
and should hold at or below 95 area now on a bounce if a top is going to be made there, and could turn out to be an important one as the Dow made new all-time high and reversed also

14 Sep 2017 12:07 pm
should not be able to get over 95-96 area and be able to hold up there today, unless there is some news and/or a run up with enough momentum that 95 able to hold on dip and turned up again

14 Sep 2017 12:14 pm
ES needs hold under 94.50-95 area on a bounce attempt and keep pushing lower through 92.50 and only a small bounce if any in order to have a reversal day and go back down to the major support around 88.5-87

14 Sep 2017 12:19 pm
22,169 held on the Dow, needs to break 165 and ES breaks 93-92 after failed bounce for a reversal –-I will be away until around 1:15 but will update if I am free and the update is necessary.

14 Sep 2017 01:06 pm
while the Dow ran straight up over 22,200 for the first time of course, the ES backed away from 95.50 resistance so far. needs to be broken enough to hold on a dip after, or else topping by not able to hold over 95-96 resistance band

14 Sep 2017 01:26 pm
so far this pullback barely happening on the Dow, but ES slow drift lower to 93.50 so far,, and going back under 92.50 should put pressure on the downside and possibly a reversal day instead of holding up with the Dow

14 Sep 2017 01:34 pm
another pop-up sold into and as I have been saying it should be very hard to get over 95--96 and hold up there. Unless that happens, market should have a decent pullback start at some time. Not only price has good resistance, 2 reliable indicators

14 Sep 2017 01:37 pm
and won't be surprised if this is a reversal day on the S&P and ES, would just need the Dow to drop back down to 22,180 which was early token higher high and where 12:40 PM brought up started

14 Sep 2017 01:46 pm
another pop-up sold and should continue and eventually take out 92.50-92 and attempt a breakdown

14 Sep 2017 01:57 pm
ES not going to defy the odds by getting over 95-96 and staying over that area,, and defy odds of a two-sided the Gore reversal with RBI and 3 the thrust both at extremes. – – MUST go through 95-96 with gusto to hold 95 after.and up again to nullify

14 Sep 2017 02:00 pm
update and about 8 minutes if needed by then. Stays bearish downtrend right now under 95.50, still needs to break 92.50-90 just below for an attempt at further breakdown and potential reversal day

14 Sep 2017 02:08 pm
the ES bounced off of 92.50 support with some momentum, at least on a day like this, and now has a shot at a another test of the 95.50-96.50 area and should not hold above there again if reached

14 Sep 2017 02:12 pm
as stated earlier, would need to finally break through 95-96 and deify the odds by holding around 95 and going up again. but still doubt that. All bounces still being sold into in this range

14 Sep 2017 02:22 pm
this is the ES best chance of getting back to or through the 95.50-96 zone, and should have the momentum to go through and stay up there this time or else another pullback could go further than these last 2 and began to break lower again

14 Sep 2017 02:26 pm
will need to have the Dow to go back up to a higher high also but does not look strong enough to do that at the moment, and another pullback could be starting if no new high on Dow

14 Sep 2017 02:40 pm
so far another failed bounce attempt and should come down through 93.50 and if that doesn't hold and momentum happens to pick up then he at 92.50-92 the rest of the afternoon.

14 Sep 2017 02:41 pm
has to break under that 92.50-92 area with some momentum and then hold under 93-93.50 at the very most and turn down again in order for a reversal to the downside

14 Sep 2017 02:58 pm
dropping again from 95 and just needs to go down through 92.50-92 and stayed down there in order to have a reversal day and leave the top in place as this zone above still should be VERY difficult to break through and hold

14 Sep 2017 03:08 pm
since 11:15 AM reversal bar down from the 96.25 high, it has traded between bounce high at 95.50 resistance and a pullback low at 92.50 support, and should break down (or less likely up) in the last hour, especially with a bunch of economic data in

14 Sep 2017 03:10 pm
today's range is 7.25 points, so it is 3 days in a row with ranges of 7.25, 6.25 and 7.25 point ranges, coiling to make a move that should at least double the size of those ranges

14 Sep 2017 03:14 pm
I need to cut out today around 3:15 so just another comment or two. The Dow has a double top and breaking 22,195 breaks that sideways "cigar pattern"it's in, equivalent to roughly 92.50 on ES

14 Sep 2017 03:19 pm
poking down to the 92.50-92 area and needs to get back above at least 93.50--94 without turning right back down or pressure still on and breakdown still likely than

14 Sep 2017 03:23 pm
pop-up was sold that 93.50 but still needs to go down through 92 and hold under 93 area after that if there is going to be a reversal down to this range and not a bounce as usual lately

14 Sep 2017 03:24 pm
I need to call it a day and will update this evening and then meet you here in the morning. Enjoy the rest of your day!

 

INTRADAY LOG FOR WEDNESDAY - SEPTEMBER 13, 2017

13 Sep 2017 09:12 am
good morning. a lower open and needs to bounce from 89.50 at the lowest or else gets into some trouble

13 Sep 2017 09:16 am
whatever the case, bounce should not be able to hold over 94 very long if reached today

13 Sep 2017 09:24 am
I will update a little bit after the open

13 Sep 2017 09:28 am
even if there is an early bounce from 88.50-87.50 or higher, it should fail as long as it holds under 91.50 area

13 Sep 2017 09:30 am
87 should be reached to fill the gap at some point today

13 Sep 2017 09:36 am
90.50 needs to hold or else go back down towards the low or lower up again. A move over 93.50-94 that holds is needed to get a try for the 96 area before coming down

13 Sep 2017 09:41 am
the Dow reached yesterday's high and backing away but a chance for all averages to go for all-time highs IF 91 holds and keeps going up through 93.50 without turning right back down

13 Sep 2017 09:44 am
has to bounce from 91 area above 93.50 with some gusto or else a high could be in place for a bit or top out after one more pop-up fails to clear 93.50 at least

13 Sep 2017 09:46 am
91 holding and should keep going through 93.50 and that it turned right back down IF a low is going to be in place. I will meet you online around 10:20-10:30

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13 Sep 2017 12:08 pm
the ES is in another narrow range day so far and right now needs to get over 93-93.50 and then hold after a tiny pullback in order to test the high and not go back down to 90.50 now key support to hold

13 Sep 2017 12:10 pm
also keep an eye on the Dow cash and 21,130-21,1333 area where it has been turned away 5 times over yesterday and today so far, and holding it back from 22,179 all-time high

13 Sep 2017 12:16 pm
I will be away until around 1:10 but will update when free and something happening worth updating about. – must get over 93 area on ES and 22,133 on the Dow

13 Sep 2017 12:46 pm
but ES just made it up to its high and needs to only have a small pullback and keep going up through 96 resistance with the Dow holding over 22,130 and going up for any chance at new high on the Dow

13 Sep 2017 01:14 pm
94.75 high from yesterday was touch and then a quick spike down to 92 was bid back up and is backing away again from just under early 94 high and should come down to test or break through 92 area

13 Sep 2017 01:20 pm
we had 2 days in a row with 8.50 and 8.25 point ranges on the ES coming into the week and yesterday was 7.00 and just 5.50 points so far today. if it continues then could be setting up for another sizable move tomorrow or Friday

13 Sep 2017 01:27 pm
the ES has a volatility band at 95 which should be part to break and hold over the first time at least and should get a pullback of some sort – usually decent sized one not tiny.. In any case, should have trouble getting over the highs and holding to

13 Sep 2017 01:35 pm
for a breakdown of some sort need to get ES under 92 without turning right back up and the Dow cash breaks down under 22,127 and not turn right back up, it would break uptrend on Dow and 92--91 not held under long/pivotal area today

13 Sep 2017 01:47 pm
still holding 92.50-92.00, which looks to be the pivotal area today – not held under long with most trades taking place at and above that zone. Would need to break and then hold under as new resistance

13 Sep 2017 02:00 pm
the Dow just turned down from a lower high and if there is some follow-through down through 22,127 it should take the ES under 92 area and is held the downside COULD have a chance of picking up steam– although another quick rebound possible

13 Sep 2017 02:03 pm
as I said in last night's update getting over and holding over 95-96 would be hard to do and after closing almost on its high, the 94.75 high from yesterday was only matched and backing away and should be short under 95

13 Sep 2017 02:14 pm
risk on the upside in this small range is not much, but downside could have just a "normal" 10-12 point pullback, so about 5-1 reward versus risk from here. OR...

13 Sep 2017 02:16 pm
... just hang tight until either a breakdown or if one more run up , and ideally the Dow pokes over 22,179.11 all-time high and turns down.

13 Sep 2017 02:18 pm
it looks like this afternoon that unless 92 is broken through without being turned right back up that the market avoids any kind of trouble. Just should have trouble clearing and holding 95-96

13 Sep 2017 02:23 pm
coming right back down again from 94 on a pop-up that could not stick. the Dow needs to hold over 22,131 and the ES over 92 for 1 more try otherwise broking down

13 Sep 2017 02:25 pm
still expect another pop-up, if there is one, to do the same thing and come right back down if 95-96 is not broken through, and not turned down but somehow holds instead

13 Sep 2017 02:32 pm
this really is getting top-heavy and with the Dow pulling back the ES could end up breaking through 92. The NQ also coming off good resistance just above

13 Sep 2017 02:41 pm
buyers have been able to hold 92.75 area and if broken then down to or through 92 area and could begin a late day pullback if 92 is broken and then holds under that area. Would need some downside momentum for that to happen

13 Sep 2017 02:46 pm
this run up should be sold into again, but not come down through 93 if there is going to be more strength at the end of the day and so another small drop

13 Sep 2017 02:49 pm
the Dow turned up from 22,129 and kept the ES from trouble there and the ES should continue being bought on pullbacks as long as the hold 92.50-92.00 at the very lowest

13 Sep 2017 03:04 pm
another pop-up that tried twice of getting through 94.25 however cannot get up there and hold today, should continue and if the Dow breaks down and ES takes out 92 it could get some pressure put on two test were break 88-87. Needs break with good mo

13 Sep 2017 03:14 pm
so far the failed bounce attempt coming down from 94.25 so far held at the 92.50-92 support and must not break through and hold under that area otherwise breaking down on the ES. Can remain range found but not make new highs and hold

13 Sep 2017 03:24 pm
refuses to break under 92.50-92 without turning right back up, and refuses to get over 94 and not turn right back down again. That ES looks like is waiting for the Dow to make a new high also,, or fail under and leave a 123 type of top in place

13 Sep 2017 03:28 pm
not much else to say. The last 30 minutes or so there should either be a breakdown (better odds, better reward versus risk) were break out higher to 95-96. Risk of failure high if reached

13 Sep 2017 03:29 pm
enjoy the rest of your day! I'll update this evening and then catch you in the morning. Take care!

 

INTRADAY LOG FOR THURSDAY - AUGUST 31, 2017

31 Aug 2017 09:08 am
good morning! I have an appointment here at my house at 10 AM and will be away for approximately an hour. I'll update as soon as I get back and have a chance to look things over. But, to start thee day....

31 Aug 2017 09:11 am
an open over 59.75 would leave a gap if the ES doesn't come back down there, and it should at some point, likely this morning. Otherwise it could be 3 trend up days in a row

31 Aug 2017 09:16 am
which would be very rare, except for coming off of major bottoms or having blowoff tops, so likely won't happen. Could get close to the all-time highs otherwise

31 Aug 2017 09:19 am
the ES will need to get over 64 and then hold over 62 in order to avoid early pullback to at least test 59.75. I will update a little after the open and then will need to leave for a while

31 Aug 2017 09:28 am
could turn down from 64 area through 62 but market should still have a buy the mentality as long as 59.50-58.50 not broken below

31 Aug 2017 09:31 am
sold at 64.25 and needs to get over 64 now and hold or go down to 59.75 area possible

31 Aug 2017 09:34 am
needs to take out 62 area with some momentum to go back down to 59.75

31 Aug 2017 09:40 am
bounce from 62.50 broke and held 64 and has to get over 68 or could be lower high than the all-time high. Pullback must not go back down under 62.50-62 or else keep going to or through 59.50 area.

31 Aug 2017 09:46 am
a high at orr under 68 cann reverse this. 64 area should be new support. should not be broken or else could be turning and then bounces get sold especially going under 62.5

31 Aug 2017 09:47 am
I will update as soon as I return and get a look at things. Getting top-heavy and could be rolling over to test were break 64

31 Aug 2017 10:59 am
just got in front of my computer and see that this could be both price and a head and shoulders pattern also holding under 67 and going back under 64

31 Aug 2017 11:05 am
66.75 was the high made before pulling back to 64.00 and turning up in the going to 69.50 and rolling over. Bounce from 64 stop at 66.75 and now breaking under 64 also breaks that pattern. If a bounce over 66.75, then head and shoulders pattern nulli

31 Aug 2017 11:09 am
above 66.75 level the 67.75-68.25 area should be some resistance before getting to the highs or higher

31 Aug 2017 11:21 am
Should not be a new high made, or else with the Dow making a high 21,985 – the 8/17 high and bottom on gap between 21,985 and 22,002, would try for that area and also get ES just under its 74 high

31 Aug 2017 11:24 am
so far bounce stopped just under 67.75-68.25 updated resistance and unless broken could go back towards 64 area, and that is going to be key support the rest of today

31 Aug 2017 11:31 am
rolling over with the Tao and needds to hold around 65.50 or else 64 area in jeopardy of a breakthrough

31 Aug 2017 11:33 am
breaking under 62.50-62 area and then holding at or below 64 on a bounce attempt should mean a bigger drop back to 59.75 area or more

31 Aug 2017 11:39 am
a quick reversal from 63.25 should be tested if this bounce stalls of around 66 area and rolls over from around there

31 Aug 2017 11:48 am
better bounce than just a retracement and 67.50 needs to be cleared or else still could be a pullback but not much of one most likely before another bounce attempt

31 Aug 2017 11:51 am
needs to hold 66.50-66 area and pop-up at the lowest

31 Aug 2017 12:03 pm
needs to continue holding over 66-65.50 area in order to keep a good uptrend and not top at the 67.50 area

31 Aug 2017 12:07 pm
68.50-69 needs broken right through and not rejected or oh could be another pullback of some sort that needs to hold 66 area

31 Aug 2017 12:19 pm
ES 68.50 broken, should hold 67.75. it is moving with the NQ for the most part, the Dow much different and normally bring the ES down

31 Aug 2017 12:21 pm
backing off of 69 and now the 67.50 area could be a pivotal area, must not be broken below and then hold under 68-68.50 and then go down again after for a reversal, just a dip otherwise

31 Aug 2017 12:29 pm
68.50 resistance is from the open on the 17th coming down from 74 high the previous day. Needs to continue holding no lower than 67.50 for this keep going up instead of potential reversal/pullback of some sort. Otherwise will need to make a higher hi

31 Aug 2017 12:33 pm
turning down from the high/potential double top on a drop under 67.50 that holds under 68 and or picks up momentum, at least for a while and then a bounce attempt would happen. Just a dip if 67.50 not broken

31 Aug 2017 12:34 pm
I will be away until around 1:20 but will update when possible and free at time.

31 Aug 2017 12:52 pm
that ES just turned out from 1 pick under the high and leaves a 123 top/double top however would still need to go under 67.50 and then hold under 68 area in order to begin a breakdown of some sort, maybe just pullback to around the 66.58-65.50 area

31 Aug 2017 12:56 pm
however, now a move that takes out the highs by getting to 70, along with the Dow cash getting above what is turning into strong resistance at 21,942 area would help

31 Aug 2017 01:01 pm
ES was able to spring right back up from just above the 67.50 level, and stays out of trouble holding over that level and especially over 64-63 in case of a bigger drop. to avoid that possibility, needs to push through 69.50-69.75 highs but not turn

31 Aug 2017 01:07 pm
I can see now that at least several a close like this and numerous internal gauges will be at overbought. Also, the VIX dropped down to 10.51, having hard time going under 10.50. Buying the VXX at 47.02 or better could pay off well if a spike by the

31 Aug 2017 01:11 pm
another dip bouncing from just above 67.50 and needs to continue holding in order to stay bullish with a chance at getting through the 669.75 high

31 Aug 2017 01:15 pm
if no breakdown then one more pop-up should be sold under the high again

31 Aug 2017 01:16 pm
should be heading down towards the 66.25-65.50 area

31 Aug 2017 01:19 pm
other pop-up here should be sold again at the 68.50-69.50 zone

31 Aug 2017 01:33 pm
market is finally working its way lower but no panic just orderly and with 67.50 breaking this can keep going down to or through 66.25-65.50 area. The 663.25--62.50 zone major area now

31 Aug 2017 01:36 pm
looks like 67 can be a below if a bounce gets back to 68.50, otherwise a small bounce in a downtrend headed down to or through 66.25-65.50 area for more. Keep an eye on the Dow, ES beginning to move with that rather than NQ

31 Aug 2017 01:54 pm
need another good bounce from 67 area or higher to take out 69 then hold around 68 and turned up again if going to try for the high. Whatever the case, must not go under 67 then hold under 67.50 after that. Unless that happens, market avoids any mor

31 Aug 2017 01:57 pm
doesn't look like there will be unless the NQ and Dow, which has gone sideways inside of its range from 11:20 AM high to 11:35 pullback lows on everything

31 Aug 2017 02:09 pm
another thing bullish at the moment is the VIX, coming straight down after reversing at 1:50 PM. It could down to 11.51 area which would mean new high on the ES. If you are buying the VXX, start small. it only moves about 1/2 percentage the VIX moves

31 Aug 2017 02:12 pm
and it's not always in sync. it could still go a bit lower before it bounces, especially if the market does not break down this afternoon

31 Aug 2017 02:19 pm
the ES has been holding at or above 67 all afternoon and will avoid a breakdown as long as that is held, and if the Dow happens to get a rally going then the ES has a good shot at moving up towards its 74 August top

31 Aug 2017 02:21 pm
last day of the month, and heading into what is statistically the worst month for stocks during the year. Might end up making lower high and what it looks like a 123 top on the daily charts

31 Aug 2017 02:22 pm
this could be breaking down now if the Dow keeps pushing lower and holds under 68.75 on another bounce attempt

31 Aug 2017 02:25 pm
only went under 67 but as 1 tick and turned right back up and needs to get over 68.75 without turning right back down through 68 after that and turn up for a shot of taking out the upside and going higher

31 Aug 2017 02:37 pm
ES poked up above 69.50 hi of the day to 70.00 and should hold around 68.75-68.25 area at worst and turned back up or else go back down to the 67 area again– doubtful

31 Aug 2017 02:39 pm
88.50 all-time high on the ES still quite a ways away. However the NQ topped that 5988 so far today, it's all time intraday (day session) high is 5995.50 and not too far from a new all-time high on that index – could coincide with 73-74 zone on the E

31 Aug 2017 02:42 pm
68.75 pullback low holding just above the 68.50 highs that were making it hard to get through for a while, but as long as 68.50-68 area is held above, the ES could keep going towards 73-74

31 Aug 2017 02:48 pm
should be headed to the 73-74 area so use that for a target at least wellness hold over 69.50

31 Aug 2017 02:50 pm
69.50-68.50 area now should be important to hold above. A move back under that area would probably 98 going up to 73-74 area today at least.

31 Aug 2017 02:59 pm
so far just missing the 73-74 area by about 1 point, need to break through soon or else a move under 70.50 that's not turn right back up needed to dent current uptrend

31 Aug 2017 02:59 pm
still should be headed to or through the 73-74 zone though as long as that holds

31 Aug 2017 03:02 pm
this resistance SHOULD be hard to break through and hold, that's the 73-74 area. Could be a reversal from up here if it goes back under 70.50 without turning right back up

31 Aug 2017 03:08 pm
68.50 area should be 72.00 high so far, just a bit under the 73-74 zone and backing off – and especially the NQ peeling off after getting within 6 points of its all-time high. Needs to be small dip in turn back up from 69.5-68.54 else keep on going

31 Aug 2017 03:18 pm
so far another small pullback turning up from 69.75 (69.50-68.50 key support end of day) and could get to the 73-74 area or higher before the day ends and some sort of pullback starts

31 Aug 2017 03:19 pm
won't be a reversal today unless the ES has a move back under 69.50-68.50 and then holds under that area as new resistance after being broken through. Not likely

31 Aug 2017 03:37 pm
the ES finally made it to the 73-74 area and will probably go on through it, and market will stay in bullish mode as long as the ES holds around 72-71 area on any pullback from here

31 Aug 2017 03:38 pm
careful if you are trying to fade this as it should keep on motoring higher, and the NQ just 1 point from its all-time high in should make a new high before closing

31 Aug 2017 03:39 pm
may not stick over 5996.50 however, a move over 6000 should be hard to hang onto the first time I would think.

31 Aug 2017 03:40 pm
have a great rest of your day! employment numbers in the morning, should make more good action tomorrow. take care!

31 Aug 2017 03:41 pm
going over 74.50 and holding should be hard for the ES, at least tomorrow if not today. A gap again under the market

31 Aug 2017 03:48 pm
well now any kind of bounce should fail in the last 15 minutes as the ES only poke over 74 by 1 tick and reversed, and would need to rally with gusto from here and not go under 71.50-70.50 or else could be a little and of month nosedive

 

INTRADAY LOG FOR WEDNESDAY - AUGUST 30, 2017

30 Aug 2017 09:11 am
Good morning! ES will need to hold under 45.50 or else keep pressure on the downside is it is broken through and not turn right down, that might have momentum to test were break 48-49

30 Aug 2017 09:20 am
I will update a little bit after the open

30 Aug 2017 09:29 am
44.50-45.50 could be pivotal early

30 Aug 2017 09:34 am
46 sold in has to go over that and then hold 45 or else breaking lower to start the morning and can

30 Aug 2017 09:37 am
42.50 area needs broken in order to get downside going to or through 41-40.50 area

30 Aug 2017 09:40 am
with the ES turning up from 42.75 was some gusto it should hold now to keep the market from a much bigger pullback. needs to keep holding 45.50 yes adding to or through 48-49

30 Aug 2017 09:44 am
should hold 45.50-45 at worst in order to keep going to or through the 48-49 zone. Otherwise the ounces could begin to fail after that. – I will meet you online around 10:30

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

30 Aug 2017 12:04 pm
So far a choppy move after getting over 48-49 and needs to hold 50 and go over 51.75 without turning right back down to get up to the 53-54 area

30 Aug 2017 12:12 pm
testing the highway and backing off a bit but should hold over 51 is going to keep the choppy uptrend going towards the 53-54 area

30 Aug 2017 12:14 pm
I am going to be away until around 1:10 for break time but will update if free and an update is needed. Should stay in an uptrend with debts being bought as long as 50.50 is not broken

30 Aug 2017 12:24 pm
should be hard to get through 52.50 now due to double top, however there has been a number of double top attempts on the way up, so would need to go through 52.50 and hold, not reverse again, for a chance of a decent pullback – and need a bounce from

30 Aug 2017 01:00 pm
the ES finally made it up to the 53-54 zone and with that being reach it should go through and try for the 58 area next. The key area above here is around 62 where this rally should stop if there is going to be another leg down

30 Aug 2017 01:14 pm
the ES blew through the 54 resistance not long after sending the last update and so far made it up to 56.75 and could get to 58 or higher and this buying frenzy that was possible, but no reason that I know of. but

30 Aug 2017 01:17 pm
but, should have a hard time with the 58 area, but if not then could be headed for another major area at or between 62 and 64

30 Aug 2017 01:31 pm
the ES is in a parabolic move up and just poked over the 58-58.50 area that should be hard to get through and hold

30 Aug 2017 01:33 pm
however, all of the pullbacks have been small and and should only be about 2.50-3.50 points at the most in order to keep this run a higher and a shot at the 62-64 area before making a top if 58.50-58 area broken/held after that

30 Aug 2017 01:47 pm
the ES consolidating again and these have led to sprint's higher and will be strong holding over 56-55 right now

30 Aug 2017 01:55 pm
biggest pullback has been just 2.75 points and right now as long as a pullback is 2.75 points or less it will keep on moving higher to the 62-64 area possibly, back-to-back trend days going

30 Aug 2017 02:01 pm
there have been buyers on all of the pullbacks today so far and if there is going to be a top made then this whole back should go two or through 56.50 and then hold under the high on a bounce after that

30 Aug 2017 02:02 pm
best chance for the market to make a top as her has been all day. Going down through the last swing low that 57.25 and especially 56.50 could mean that a top is in and bounces should begin to fail

30 Aug 2017 02:27 pm
only a 2.00 point pullback and now needs to make a higher high like the very strong NQ (+72 points) or else another pullback would be in risk of breaking 56.30, breaking outside symmetry and prior swing low

30 Aug 2017 02:32 pm
it looks like it will be up to the Dow cash, and it it can hold 24,896 and get turned up, along with the ES holding 57.50 area also

30 Aug 2017 02:39 pm
there still is a chance for this to make a move up to the 62-64 area, however should not go much further if the current August top at 2474 is going to stay in place

30 Aug 2017 02:40 pm
still can trade with the stop 2.75 or 3.00 points under whatever the high for the day is,, as the move could be one of those rare back-to-back trend up moves

30 Aug 2017 02:45 pm
token hire high on the ES was just sold and a double top on the doubt cash, very thinly traded and could unwind quickly it appears if it wants to

30 Aug 2017 02:45 pm
that is likely going to be a high for the day, expect another bounce to set up a good short now

30 Aug 2017 02:50 pm
so far exactly 3.00 point pullback from the high however should go more than just that on this moves after rallying 33.50 points since yesterday morning's open

30 Aug 2017 02:51 pm
will need to make a higher high, and not pull back more than 3.00 point or else things would be changing. – –next update in about 7 minutes

30 Aug 2017 03:08 pm
A move up to just under the 59.75 high was turned back down but still needs to drop more than just 3 points to get a breakdown of some sort started

30 Aug 2017 03:09 pm
if this goes down through the 57.50 area and holds under 58 area after breaking through then a move back to the 54-53 possible

30 Aug 2017 03:14 pm
should have a high in place but if not there are some eager sellers up there. And should make getting through the 62-64 area hard to get through, and stick, for today at least

30 Aug 2017 03:17 pm
should be headed back towards the 56.50-56 area at least and maybe lower to war through 54-53

30 Aug 2017 03:19 pm
the top and reversal was made right at the start of the 2:20-2:40 timeframe and should be a top. Things beginning to change for the first time since yesterday morning

30 Aug 2017 03:22 pm
could be a bounce from the 56.50-55.50, but should not go any lower or else could drop down to 54-53 or lower instead of a bounce

30 Aug 2017 03:26 pm
we have had another decent rally day, but beginning to lose its luster and a double top on the Dow cash would need to be broken above along with ES getting through 60

30 Aug 2017 03:29 pm
the ES will need to be able to run up and close over 58-58.50 again and hold 58 after that, but a move over that area that comes back down through 58 should be under pressure again

30 Aug 2017 03:40 pm
in the last 25 minutes THE MARKET SHOULD BE under pressure and sold off down to Lord through 53-54, and if a break and hold in close back under 53 area than another top COULD BE IN PLACE for a while, AND either be short something or bUy the VxX (fo

30 Aug 2017 03:40 pm
HAVE A GREAT REST OF YOUR DAY!

 

INTRADAY LOG FOR TUESDAY - AUGUST 29, 2017

29 Aug 2017 09:17 am
Good morning! the ES is going to open under the gap that is between 29.50 and 32.75. in any case there is a good chance this could go back down to 23-22 area and then maybe a decent bounce

29 Aug 2017 09:18 am
there is a gap between 29.50 and 32.75 that the ES is going to open under this time. if this cannot get back to 32.75 on a bounce, going to be a bad day

29 Aug 2017 09:22 am
could be a bounce from around 28-27 but need to at least get above 32.75 and hold 32 in turn up after that again with gusto for any kind of turnaround attempt. Bounces should still fail though

29 Aug 2017 09:23 am
I will give an update after the open

29 Aug 2017 09:32 am
need to cancel live session unfortunately due to market conditions mainly but still could have issues with audio I discovered about 5 minutes ago. 26 will need to hold or else go to 23. heading to30 and especially 32.75

29 Aug 2017 09:36 am
a stall at the 32.75 area should lead to pull back at 30-29 or more

29 Aug 2017 09:40 am
bounds from 30.50 reach 33.50 and coming back down to 30.50 which needs to hold 30-29 in order to avoid going back towards the lows

29 Aug 2017 09:44 am
still have Econ data at 10 AM and could go to or through 34-34.50 which should be some resistance before going up to the 38 area at yesterdays low

29 Aug 2017 09:50 am
could be a top at 35.75 if this goes back under 32.50 and that area needs to hold or else current uptrend could break down

29 Aug 2017 09:52 am
top in place now with that rejection

29 Aug 2017 09:54 am
should be a high in place but if it is taken out then 37.50-38.50 could be reached. Needs to go back under 32 area and not get turned right back up

29 Aug 2017 09:59 am
has to continue holding 33-32 or else a chance of rolling over around this 10 AM release

29 Aug 2017 10:05 am
has to get over 36 and not turn right back down or else topping out in this timeframe

29 Aug 2017 10:09 am
pullback killed 33 and needs to go under that and that pop right back up again for a break down lower

29 Aug 2017 10:19 am
from 31.50 turn away again at 34.75 so far and should hold 33 in order to avoid another drop of some sort

29 Aug 2017 10:29 am
online now

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

29 Aug 2017 12:05 pm
the ES just made a 123 top at 43-42.50 but needs to break and hold under 42 Dent the current uptrend

29 Aug 2017 12:14 pm
should be a top in, but the ES still holding over 40 and unless that is broken through and also 38.50-38, the market will avoid any more trouble today. However a break down to 38 area that then holds under 40 area on a bounce things should be changin

29 Aug 2017 12:23 pm
another pop up from 40.25, but not very far yet, and unless sideways moving Dow rolls over then the ES could go back up to the high again, maybe 43.75 closed from yesterday

29 Aug 2017 12:25 pm
in a case, the ES has been trading inside of yesterdays range since just after 10:40 AM holding above 38 low from yesterday and holding between there and 40 which held during the afternoon

29 Aug 2017 12:27 pm
and unless 40 is broken that gap day can continue being a trend up day

29 Aug 2017 12:28 pm
I will be back around 1:15 and will update before then if I am free and an update is necessary. At the moment market avoids trouble in less breaks under 40 and especially 38

29 Aug 2017 01:04 pm
that poked up to 1 tick above yesterday's high and back away, a move back under 41.50-40.50 needed in order to begin to have a pullback, not just a little dip and turned up again

29 Aug 2017 01:06 pm
could continue in a trend up mode as long as a pullback goes no more than 2.50-3.50 points off of whatever the height is at the most

29 Aug 2017 01:09 pm
and if this keeps going over 44 also been not impossible for another as of the 48.50 area – again. would require a 23 point rally from the low

29 Aug 2017 01:14 pm
this reversal is the start of something that looks like, should not go back up there and be able to hold

29 Aug 2017 01:18 pm
40.50 is a key area and also 3.50 points off of the top at 44. Needs to be broken through in order to prove a top in place, and try for a further blow below are to or through 38.50-38 area again

29 Aug 2017 01:29 pm
with another 2.50-3.50 point pullback holding and 44 broken the trend up move is still underway and another pullback should not get back down to the 41 area without turning right back up now and this could keep going towards 48.50 area again possibl

29 Aug 2017 01:30 pm
could keep going towards the 48.50 area again if this trend up action continues

29 Aug 2017 01:37 pm
41 area should hold or else upside symmetry could begin to break, needs to go under that level also in order to make a lower swing low on 5 minute chart

29 Aug 2017 01:45 pm
ES needs to make a higher high and not go back down under the 42.75-42.25 area it looks in order to avoid a move towards 41 or lower

29 Aug 2017 01:52 pm
a lower high at the moment and now a move back under 42.25 or especially 41 in order to break bigger of trend from the low

29 Aug 2017 02:03 pm
still a trend up day as long as the ES doesn't go back under 41. That would need to be broken in order to break cluster of support around there from yesterday and today along with up sloping EMA's that have been holding on dip

29 Aug 2017 02:11 pm
another attempt at making a 123 type of top, needs to break under 42.50 area down to 41 for more and then hold under 42--42.50 area after that on a bounce attempt to turn down from here

29 Aug 2017 02:16 pm
push higher underway and a shot at getting to the 46 area first and if that is broken 48.50 zone again, if trend up action from this morning's open continues from here

29 Aug 2017 02:17 pm
just will need to avoid a break under 42.50 down to 41 or lower and then holding under 42 area after that. Pretty much a trend of moves unless that happens

29 Aug 2017 02:18 pm
update in about 10 minutes or so

29 Aug 2017 02:36 pm
the ES has been going sideways between 41.25 new key support and 44.75 high of the day with trend of action since reversing on the open and taking out 34-35 and holding, and should keep nudging higher likely into the very late trading if this action

29 Aug 2017 02:40 pm
46 area would be next, and if this trend up move keeps going without a pullback greater than 3.50 points now, could possibly work its way up to the 48-49 area, yet again. It would be 22-23 points above its low if it gets there

29 Aug 2017 02:51 pm
breakout from that trading range causing either buyers to pile on or stubborn shorts finally covering tossing in the towel, still headed towards 48-49 area now it looks. would need to break 43-42.50 at worst for trend to break and trend up move coul

29 Aug 2017 02:59 pm
ES is 20.50 points from its low and the NQ 83.50 points from its low, that ES only about 2 points from the 48-49 zone and should not go under 43 maximum to continue trend up move to or through 48-49 area, or into final minutes of trading

29 Aug 2017 03:07 pm
should hold around 44.50-44 area on a dip, not go back under 43 area or more which can break outside symmetry and uptrend is broken and not turned right back up again.

29 Aug 2017 03:19 pm
still in trend up mode all day long with the biggest pullback about 3.50 points after the ES turned up from 31.50 around 10:10 AM. Should keep grinding towards 88-89 as long as 45.50 area holds now

29 Aug 2017 03:20 pm
it will need to go through and hold 48-49 at the end of the day or else end up failing again, which basically keeps it under pressure bigger picture still

29 Aug 2017 03:23 pm
would need a move over 48-49 and get momentum to continue on up towards the 53-54 major bounce resistance and double top. Not likely today unless gets over 48-49 and causes more piling on the long side, or more shorts covering to get out of the way

29 Aug 2017 03:29 pm
up at the 88-89 area now and with just over 30 minutes left in stock trading for the day, should hold over 45.50 at the worst if a pullback goes out far for trend up move to continue. A failure from this zone again could be terminal

29 Aug 2017 03:30 pm
with the ES reaching 48.50 and backing away,, once again the 43.50-43 area is both upside symmetry for today, and also breakout area where ES based out 25 minutes before going up to 88.50

29 Aug 2017 03:32 pm
so that zone needs to hold coming down from major resistance in the last 30 minutes today. If broken then 43 important under that..

29 Aug 2017 03:32 pm
have a great rest of your day. I'll meet you here tomorrow morning. Take care!

 

INTRADAY LOG FOR MONDAY - AUGUST 28, 2017

28 Aug 2017 09:13 am
Good morning! overnight the ES went down to 36.25 and has been moving higher since then up to the 48 resistance just a moment ago. Could have 1 more up day but

28 Aug 2017 09:19 am
even if 48.50 happens to be cleared and held for a while today, it should not hold all day. A move over 48.50 that can hold and keep going through 53-54 needed this morning.

28 Aug 2017 09:24 am
interesting that the VIX is going to be a bit higher on the open, as a reversal up from here on the VIX can give some sell signals

28 Aug 2017 09:26 am
update will be after the open. ES currently about 7 points above "fair value" and internals should be strong and make internal indicators go to overbought extremes across the board

28 Aug 2017 09:32 am
another poke up to the 49.25 level and 49.50 has been reversed a couple of times and should be a drop

28 Aug 2017 09:33 am
not holding 48.50 and should keep coming down to 45.50 area that least

28 Aug 2017 09:35 am
45.75-45 needs held or else another top could be in place

28 Aug 2017 09:39 am
this will keep on going down to board through 46-45 and could keep going holding under 48 area

28 Aug 2017 09:46 am
poke down to 446 and needs to hold and go over 48.50 and then hhold over 48 or else continue downside and test or break 45-44.50 area next

28 Aug 2017 09:50 am
45.50 had been reached in going under 45 should put more pressure on. Need a move over 47.50-48.50 that can hold 47.50 after that, or else another leg down instead of potential token hire high would be a short

28 Aug 2017 09:52 am
just stay short under 47 area now has that should not be broken above and held in the first 40 minutes or a potential reversal up

28 Aug 2017 09:53 am
still is in the plus column and should be hard to hold any gains with the conditions mentioned last night. Should have important tops in place

28 Aug 2017 09:58 am
Dow broke it low and now ES going under 41.50-41 can keep going towards 38-37 before bouncing. Should have bounce resistance 44.50-45.50

28 Aug 2017 10:06 am
a breakthrough 41.50 late low on Friday and then hold under 43 and order to make another push lower to break Friday's low on the ES, or else get a bounce that could go towards 45.50 – could be pivotal and holding under still bearish

28 Aug 2017 10:10 am
from first resistance down to first support so far and needs to go under 41.50-40.50 in order to break down towards 34.50

28 Aug 2017 10:15 am
44.50 bounce high so far and should test or break 41.50-40.50 initial support and if broken 38 and possibly 34.50 area

28 Aug 2017 10:18 am
42.50 is going to need to hold laurels there will be a breakdown through the low

28 Aug 2017 10:19 am
44.50-45.50 area is a resistance that must be broken through and able to hold to put in a low and attempt 48.50 again. Otherwise still under pressure and can break down to lower lows

28 Aug 2017 10:26 am
keeps being sold on pop-ups and now needs cold under 44.50 to go under 43 to keep pressure on to break through the lows

28 Aug 2017 10:34 am
should hold under 43 in order to keep pressure on to test/break 38.50 and possibly a drop to or through 34-33 if 38.50 area does not give a bounce with gusto

28 Aug 2017 10:40 am
with 40.50 holding and turning up a move has to get over 43 and then hold at or above 42 on a dip and turn up to avoid a breakdown and instead try one more pop-up

28 Aug 2017 10:46 am
needs to get over 43/hold an order to get a turnaround with a chance of sticking otherwise going back under 42-41.50 could open the door to the 38.50 area or lower

28 Aug 2017 10:48 am
this has a chance of making a choppy trend down kind of day if this continues holding under 43 and makes a newer low at 38.50 area or more and then holds that or below 41.50 area after that on a bounce. 43 key right now

28 Aug 2017 10:52 am
43 broken and holding so far and unless broken a move over 44.50 area was more momentum has a shot at 47-48

28 Aug 2017 10:55 am
running out of some steam and a pullback needs a good bounce from above 43 or else will be making a bounce high and should be sold on a bounce that follows

28 Aug 2017 10:59 am
43.50-43 area should hold and turn back up but if not then back down to test or break the low

28 Aug 2017 11:04 am
once again we have early strength sold 1 tech over the existence and a decent pullback to 2 ticks under initial support bought. reversal that 48.50 area again has bigger picture bearish still and needs to go over 46 with enough momentum for a shot at

28 Aug 2017 11:06 am
should be a two-sided day with bounces sold and pullbacks bought..this one has to turn up from 43 with gusto which looks doubtful

28 Aug 2017 11:18 am
after reaching 45.50 and installing this has been acting a week coming down to the 43 level and taking out 46 with any kind of momentum may not be likely and further pullback should occur

28 Aug 2017 11:22 am
turning up at 43.25 however it should not be able to stick and come back down at least a little ways if not take out the 43 area on the way to work through 42-41 or more

28 Aug 2017 11:32 am
with this going back down to the 42.8 so far and holding under 44 after going through 43, pressure should stay on and test or break low area as long as unable to get over 44 area/stick

28 Aug 2017 11:37 am
should make a move towards 38.50 and then would need to go back over 40.50 and stay up there – or else 42-42.50 maximum – and turn down if headed towards 34-33 today

28 Aug 2017 11:40 am
early strength sold and decent bounce bought but failed a bit over 1/2 of the way back up and with 3 lows at 41.50-40.50 cents Friday 1 more for slower should be a breakdown

28 Aug 2017 11:55 am
this move back up needs to hold the 42.50 area now or else a chance of breaking this trading range on the bottom side. A bounce should not get back over 44 area if that is going to have a chance here

28 Aug 2017 12:00 pm
rejection at 44 updated resistance and unless broken above and gets momentum could still go back down to the 42.50 area which needs to hold or else continue down to/through the lows between 41.50-40.50

28 Aug 2017 12:00 pm
on the way to 38.50 and possibly quite a bit lower

28 Aug 2017 12:04 pm
I need to be away until around 1:15 roughly however will update when time permits in between then and now. bounces should fail under 44-45 and order to keep pressure on

28 Aug 2017 12:19 pm
5842.50 NQ must hold or break

28 Aug 2017 12:23 pm
38.50 or more

28 Aug 2017 01:01 pm
38 was reached and turned up but unless 40.50-41.50 is broken back above and held after that the market remains under pressure

28 Aug 2017 01:10 pm
if the ES DOES get back over 41.50 and then hold 40.50 on a dip, it would need to go up through 43-44 with some momentum and hold over 43-42 to try proving it may be more than just a bounce. Failure and this area otherwise

28 Aug 2017 01:22 pm
with this stalling after reaching 41.25 another drop down to the 38 area or lower

28 Aug 2017 01:25 pm
slow moving so possibly a slightly higher low. But if a drop has momentum and goes through 38 easily than on down to 35 for a higher low, or keep dropping to or through the 33-32 area

28 Aug 2017 01:27 pm
there is the 39.50 level to break through to go far enough to keep going towards the low

28 Aug 2017 01:28 pm
"last trapped" from last push higher to the 41.25 level

28 Aug 2017 01:34 pm
a little spike down to 39.50 quickly turned up, but a move back above 40.50-41.50 that can hold still needed for a turnaround

28 Aug 2017 01:46 pm
93.25 giving a bounce, but still has resistance at 40.50-41.50 that needs to be cleared and then held at or above 40.50 – sideways/down trend otherwise

28 Aug 2017 01:57 pm
rejecting and making a little bubble top at 41 prior support area turned new resistance zone 40.50-41.50 and will be making it back down to the lows and less that is broken

28 Aug 2017 01:58 pm
over the next 20 minutes or so I need to be in and out talking to a roofer. My apologies. Right now looks like a chance of breaking through resistance as long as 39.50 holds

28 Aug 2017 02:04 pm
this could be a transition back to on the upside now with the ES pulling back from its 60 EMA if it can hold over or at 40.50 area and turn up again and go through 42-43,, otherwise a fake out kind of move and a better pullback

28 Aug 2017 02:18 pm
now this is having trouble getting over 42 and holding and about to come back under 40.50 and another pop-up should fail also. Sellers should be in control today especially the way indicators were and poor market action continuing

28 Aug 2017 02:21 pm
any kind of pop out should be sold as this is going to come back down to four through that 39.50-39 area that has been holding

28 Aug 2017 02:25 pm
wrong on that one so far as this still needs to go down to test or break 39.50--39 area however needs to keep going by going back over 42-43 area and holding now

28 Aug 2017 02:28 pm
one more move down from this area should at least test or break 39.50-39 and head on down to the 38 area again. Still needs to get over 42 in order to avoid more trouble

28 Aug 2017 02:31 pm
now if the Dow can break down with that ES taking out 39.50 area again than heading down to /through 38

28 Aug 2017 02:38 pm
looks like the 40.50-40 is acting as a new support that must hold for a shot of taking out 42 and attempting to get a decent bounce attempt

28 Aug 2017 02:41 pm
should be able to buy a pullback now at least for a scalp if a pullback can hold

28 Aug 2017 02:43 pm
if a pullback can hold 40.50 at the worst otherwise still could go back to the lows. Still not crazy about this being able to hold any kind of decent gain

28 Aug 2017 02:54 pm
so far reached 42 and backing away a bit and will need to bounce from 40.50 at worst and get turned up again if it's going to have a shot of taking out 42 area, 44 area above that

28 Aug 2017 02:57 pm
has not been able to get over 42 and stay there, and must continue holding 41-40.50 or else it's rolling over again and by the end of the day back down towards the lows

28 Aug 2017 02:58 pm
update and about 10 minutes

28 Aug 2017 03:07 pm
the ES has been trading between 42.25 and 40.00 for just over an hour and should be another drop if 42 cannot be taken out. A choppy trend down kind of day should go back and make a test of the low if the 40 area breaks and not turn right back up.

28 Aug 2017 03:10 pm
if 42 happens to be broken above and then held after that, then there could be a run-up of some sort but not expecting that unless it somehow happens very soon, or very late in the day

28 Aug 2017 03:27 pm
ES bouncing from bottom of its trading range since just after 2 PM, 40 up to 42.25, and turning down from under 40 again and should eventually break 40 and test or break 38 the way this is acting

28 Aug 2017 03:40 pm
still is trading between 42.25 on top and 40.00 on the bottom, and will need to hold under 42 if there's going to be a late day drop, instead of a pop-up towards 45-46 area possibly

28 Aug 2017 03:44 pm
have a great rest of your day!.

 

INTRADAY LOG FOR THURSDAY - AUGUST 24, 2017

24 Aug 2017 09:07 am
Good morning. That ES could open around yesterday's 47.75 double top, and looks like it needs to break and hold over 48, or pullback hold at or above 44.50 at worst in the early going

24 Aug 2017 09:14 am
if this goes over 48-48.50 than it needs to hold around 47.50-47 and turn up again or upside could be reversing. and then 44.50 could be pivotal area

24 Aug 2017 09:15 am
I will update a little after the open

24 Aug 2017 09:20 am
holding under 48-48.50 area still should keep some pressure on unless broken through and held. Also we get some Econ data at 10 AM

24 Aug 2017 09:29 am
should be a good short under 48.50 early

24 Aug 2017 09:32 am
44 area will need to hold and give a bounce and take out the 48 area and not get turned right back down but with enough momentum that it can keep going and not hold back much before getting to /through 53-54

24 Aug 2017 09:34 am
need to hold over 45 now for a shot at taking out 48-48.50 and not getting turned back down

24 Aug 2017 09:38 am
poked over 48.50 by 2 ticks and reverse right back down through it and should head for 44 or lower before another bounce attempt

24 Aug 2017 09:42 am
so for small bounce from a little above 44.50 and could bounce but not take out the high and hold unless heading towards 53-54 possibly. I will meet you online around 10:20 or a little after

24 Aug 2017 09:50 am
needs to have a good strong bounce off of 41 area or else continue breakdown to Lord through the 38.50 area

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

24 Aug 2017 12:09 pm
has to get over 40.50 and hold an order to avoid another leg down and possibly try for the 42.50--43.50 area

24 Aug 2017 12:14 pm
there was a 12 point drop from 2 ticks above 48.50 resistance to 2 ticks under 37.50, and then a 9.50 point bounce failed, leaving a tale at the top of its 5 minute bar, dropping an equal 12 points. Bounce should stop at/below 42.50-43.50 area high

24 Aug 2017 12:16 pm
unless 40.50 of label to hold after another bounce this is going back down to 38 and possibly a new low

24 Aug 2017 12:25 pm
that ES still needs to get over 40.50 and hold, and with it and a choppy uptrend will need to go back under 38.50 and order to get downside going if it's going to pullback instead of go up through 40.50

24 Aug 2017 12:28 pm
I am going to be away until around 1:15-1:20 but will update when free and if it is necessary. At the moment, a failure to break/hold 40.50 could mean a move back to /through 38.50. Current uptrend but bearish unless 40.50 broken/held

24 Aug 2017 01:04 pm
twice the ES popped up to 41 and turned right back down again through 40.50 and going 3 points on the last one and 2.00 points this time so far, and trying to hold 38 area as new support it must hold there or go back to 37.25-36.50 area or more

24 Aug 2017 01:06 pm
if there is finally a run-up over 41 again that is not hard right back down under 40.50 again then headed up towards 42.50 for a bit above has a chance before backing off

24 Aug 2017 01:16 pm
the ES had a 12 point drop and 9.50 point bounce, another 12 point drop followed and it this bounce equals 9.50 points off of the bottom then is at the 44 level.. A reversal there can start a pullback.

24 Aug 2017 01:17 pm
if it gets there was no sign of a turn then continue up to the 45.50-46.50 area and possibly the highs at 48.50 again

24 Aug 2017 01:23 pm
44.25 pounds high so far but not a top unless a pullback goes to or barely through 42.25 and if turns up, then fails on another pop-up at or below 44.50 and immediately turned down again.

24 Aug 2017 01:31 pm
hhas to pop up from 42 or else will keep on going down to Lord through 40.50 area and maybe keep going through to the lows

24 Aug 2017 01:33 pm
12 points down, 9.50 up, 12 more down, 9.75 point bounce,, probably not another ballpoint drop as this can avoid trouble only by bouncing from 41-40 area..

24 Aug 2017 01:38 pm
and run up through 44-45 at a minimum and hold over 43.50 after that. every decent bounce the sellers come in and an press them lower, and when fast dropstops, shorts scamper taking profits and some buyers help lift it up again– all base so far.

24 Aug 2017 01:42 pm
with the ES in this range still, but bounce from 41.25 needs to go up through 44.25 bounce high and keep on going through the 48.50 area and not reverse again. That should not happen and holding under 44 keeps a market in bearish condition

24 Aug 2017 01:44 pm
should go down to Lord through 40 area and if 38.50 does not hold in give a good bounce the market could be headed back to test it slows and possibly lower

24 Aug 2017 01:57 pm
so far the ES held just above 40.50 however unless it gets above 42.50 and can hold there will be another move back down to 38.50-37.54 lower

24 Aug 2017 02:01 pm
it looks like there are buyers waiting just below, so needs to be pushed down under 40.50 without getting turned right back up or else a pop-up of some sort from here

24 Aug 2017 02:03 pm
still needs to get over 42.50 and hold to have a shot at in evening up to test or break 44 area – has so far both drops and rallies have been symmetrical/44.25 needs broken to break that

24 Aug 2017 02:05 pm
or else 32.50 support still has a shot of being seen. Still has to go back down under the 38.50-37.50 support again, which should be pretty strong unless the market really weak

24 Aug 2017 02:08 pm
but played down to 39 and needs to bounce back above 41 now and be able to hold up there or else breakdown on another push lower after bounce fails

24 Aug 2017 02:15 pm
feeble bounce turned it down from 40 and could be headed down to the low or a bit lower around the 32.50 area if it has momentum to go under 37.50 and then hold under 38.50-39.50 area after that

24 Aug 2017 02:20 pm
quick reversal up from 37.50 will keep the ES from further breakdown and they turn around attempt possible if they break/hold back above 40--41 and holds over 40 afterwords

24 Aug 2017 02:20 pm
if 40-41 is rejected then another pullback to test or break the 38.50-37.50 zone

24 Aug 2017 02:27 pm
with the ES turning down from just above 40, and not able to hold over 40 is bearish still and going lower unless a move over 40.50-41 happens and only a small pullback afterwards holds around 40 interns up

24 Aug 2017 02:35 pm
right now that ES is kind of stuck between 37.50 and 40.50, and can move above 40.50 but needs to do it with momentum and keep going over 42 without reversing

24 Aug 2017 02:43 pm
with another pop up to 41 coming back down under 40 again, going to need that get over 41 and then hold 40, otherwise pressure still on and downside can go back to or through 37.50 area. If through, possible of getting a low at 32.50

24 Aug 2017 02:55 pm
now getting a bounce again from the 37.75 level and a middle of the range double bottom of sorts. Except for about 10 minutes the ES has been above 37– only going under and back up to and over 37– and holding 3 times so far since then

24 Aug 2017 02:58 pm
it looks like as long as 37 holds the market is going to stay out of further trouble today, with a shot at a bounce but have trouble holding. however break/hold under 37 didn't mean keeping on going 34.50, possibly 32.50

24 Aug 2017 03:06 pm
just had another reversal down through 40 from 40.75 and headed for the 37.50-37 area again it looks and if broken should keep on going down towards the lows and may be reached 32.50 if there is some momentum

24 Aug 2017 03:06 pm
wwould need to be a fourth turn back up from 38.50-37.50 after getting back above it before noon

24 Aug 2017 03:10 pm
will need to have a fourth bounce from 38.75-37.00, and go up over 40 and hold up there instead of another immediate reversal back down through that. Heading towards 34.50 area may be 32.54 more

24 Aug 2017 03:18 pm
fourth bounce from 38-37.50 area since 12:35 PM, the last 2 bounces stopped at 41, and this one needs to get over 41 and not turn right back down yet another time

24 Aug 2017 03:19 pm
if there is a fifth time down there to the 38-37.50 area, then there is likely a breakdown but it looks to be safe at the end of the day as long as 38-37 area holds

24 Aug 2017 03:21 pm
STILL stuck between 37.50 and 41. a move on up through 41 that is NOT reverse will have a shot at running back up towards that 44 bounce high area made around 1:20 PM.

24 Aug 2017 03:22 pm
one of those and then they run ups very possible,, whether or not it sticks is questionable

24 Aug 2017 03:32 pm
unless the ES is able to hold over the 40 level it can finish on a down note. Must go over 41 area and hold 40 on a small pullback then turned back up again – further selling otherwise

24 Aug 2017 03:33 pm
what's that 40 area for pivotal area in the last 30 minutes. Market will be bearish holding under, or going above and right back down again. Must HOLD 40 after moving over, or else lower before closing

24 Aug 2017 03:34 pm
have a great rest of your day. No last-second updates today however the market is acting bearish and could unwind a bit more Friday. Take care!

 

INTRADAY LOG FOR WEDNESDAY - AUGUST 23, 2017

23 Aug 2017 09:03 am
Good morning! if you were here late yesterday when I said to get short at least 1/2 of a position, that can be covered at 42.50 or better.

23 Aug 2017 09:07 am
there can be an early run-up and be sold into and 48.50 needs to be broken back above and held to attempt getting out of trouble

23 Aug 2017 09:21 am
first bounce will be sold into, and if they hold under 46-47 then can go to 38.50-37.50 or more – Monday started with a gap up open, if reversed and it is like the turn down from 74 resistance

23 Aug 2017 09:22 am
I will give an update a little after the open

23 Aug 2017 09:34 am
the immediate run-up from 38.50-37.50 major pullback support and needs to hold that zone in order to avoid a bad day back down towards 33 or more possible. Has to get over 43.50-44 and hold to avoid decent pullback

23 Aug 2017 09:38 am
early weakness being bought and a decent run-up will be sold into and get two-sided action today unless a break and hold under 38.50-37.50 area "major pullback support". must hold

23 Aug 2017 09:42 am
44 reached and rolling over a bit and needs to bounce from 41.50 or higher or else could come back down to test or break the low at major support instead of another run-up around 46

23 Aug 2017 09:45 am
bounces are going to have a hard time holding as long as there isn't a strong move over 46 that is able to hold over 44 and bounce again over 48

23 Aug 2017 09:47 am
bounce from 41.50 keeps the upside intact for the moment still. Has to keep going over 46 now. – –I will meet you online around 10:20-10:30.

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23 Aug 2017 12:03 pm
pullback from the stall at 47.75, holding just under 48, needs to go under 46-45.50 and not turn right back up in order to have a bounce high in place, bounces begin failing again

23 Aug 2017 12:10 pm
need to make a move over the 48--48.50 area and only a small pullback again after or else topping up here and especially going back under 46-45.50 and only a small bounce afterwards

23 Aug 2017 12:16 pm
with that ES immediately turning up from the 36.75 major pullback support and a choppy uptrend with 3 decent pullbacks (all for decent scalp trades) being bought, should have "inside they"

23 Aug 2017 12:18 pm
there needs to be a break back under the 46 area which was pivotal early and that area has been held around after breaking back above, and stays in uptrend unless broken

23 Aug 2017 12:21 pm
so far failure to get over 48 keeping pressure on and could come down through 46 now and start a better pullback if the move is more than 3.75 points

23 Aug 2017 12:22 pm
if the ES keeps going down through 46 through the 44 level than outside symmetry will also be broken and would be just above the 43.50-43 new major area

23 Aug 2017 12:25 pm
I will be away until around 1:15 PM or thereabouts. Will update when I am free and an update is needed. Right now the short side under 48 better odds it looks for a move to or through 46 area. If 48 broken, a shot at the 50.50 area and then probably

23 Aug 2017 12:29 pm
if 45-44 area broken through even after a small bounce then 43-42.50 area should be major area that has to hold or else could go back down to or through lows of the day. – Back in a while

23 Aug 2017 12:45 pm
if you are still short from under 48 then consider locking in profits or trailing/tightening a stop on a move under 44. A bounce should not get over that 46 level and hold now, it is becoming pivotal quite a bit of today

23 Aug 2017 12:54 pm
the ES just went to 43.75, breaking 44 where you could have either locked in profits on shorts or at least tighten a stop to the 46.25 level at worst, should not go over 46 if another leg down to or through the 43-42.50 key support

23 Aug 2017 12:58 pm
if this bounce stops and turns down from 46 or just below, another leg down to or through this pullback low and then if that happens 43-42 major area to hold or else test the lows if downside has momentum. – Back in 15 minutes or so

23 Aug 2017 01:10 pm
pullback from just under 46 held at 44 again and could go back down there unless 46 broken/held soon

23 Aug 2017 01:11 pm
43-42.50 would be next under 44 and a major area intraday, war could possibly go back down towards the morning low at //above major pullback supports

23 Aug 2017 01:16 pm
breaking down now and can go through 32.50 and on the way towards 38-37.50 area again

23 Aug 2017 01:18 pm
look to be short again under 44.50-45 area as the ES should stay under that zone to keep downside pressure on. 43.50-44 bounce resistance as far as it should go

23 Aug 2017 01:20 pm
the way that the market acted yesterday, along with it topping right at the 54 bounce resistance and indicators very close overbought while sentiment plunged overly bullish just like top at 74

23 Aug 2017 01:23 pm
don't know if this goes to another lower low under Monday's low (a gap up open on Monday, and gap should be filled at some point soon if it's going to) lots of room to go lower if wants to

23 Aug 2017 01:29 pm
bounce failed at 43.75 so far and holding under 44 now should keep pressure on, a move over 46 needed to attempt better bounce, maybe try for the 48 area if that happens

23 Aug 2017 01:36 pm
another tiny bounce failed and now must bounce from 42.54 else breakdown under 41 not reversed puts pressure on to test/break 38.50-37.50 major pullback support, then down at 32 then 29.50 to fill the gap

23 Aug 2017 01:43 pm
needs to hold 32.50 and get back above 44 at a minimum and especially 46 in order to take pressure off and attempt a bounce instead of breaking down towards 41-40 or more

23 Aug 2017 01:55 pm
breaking down through 42.50 and should turn up from 40.50 and get back above 44 to attempt a turned around of some sort, or a better bounce at least the foregoing lower

23 Aug 2017 01:57 pm
however, another small bounce that fails and turns down under 43.50 at the highest or just stay below 42.50-43.50 and pushes down there instead

23 Aug 2017 02:06 pm
this bounce stopped at the 43.50 new resistance and a pivotal area for this afternoon it looks, and unless broken and held the ES will stay under pressure to test or break lows

23 Aug 2017 02:08 pm
43.50-44 area needs to be broken above and then holds on a dip after that if going to attempt a reversal

23 Aug 2017 02:09 pm
and avoid potential trip down to or through 40.50 area, and if cut right through then 38.50-37.50

23 Aug 2017 02:13 pm
we should have a low in place for a while now holding over 43.50-43 up to the 46 pivotal area where it could break and hold, or pullback then get bid back up again

23 Aug 2017 02:15 pm
should hold 43.50-43 area and turned back up again from there is reached or just above that area

23 Aug 2017 02:21 pm
pullback to the 43.50 updated support is getting a bounce however it needs to get over 46 on the move and not stop at or below that level otherwise door remains open for another decent pullback to or through 41.50, key support now if holding over 3

23 Aug 2017 02:28 pm
market is having trouble holding any gains off of its low so far today, as the bounces are not sticking, and this move down has a chance of testing or breaking 42.25-41.50 area again and must hold or breakdown

23 Aug 2017 02:31 pm
two-sided action with a bounce hi of the day holding under strong resistance just above at 49.50-50.50 that would have been reversed if touched today. Another bounce from 42.75 needs to take out 46, hold 44.50 on a dip and up again. Failure otherwise

23 Aug 2017 02:48 pm
with two-sided action the moves and rejection so far of 46 area keeps the market in a choppy downtrend, but going back above and holding 46 would give it a shot at testing the highs instead

23 Aug 2017 02:49 pm
could turn into an important bounce high at 45.75 if this comes back down under 45-44.50 area without turning right back up

23 Aug 2017 02:54 pm
held at 44.50 and reached 46 so far, still needs to hold 44.50 or else bigger pullback to 43.25-42.75 area now

23 Aug 2017 02:56 pm
if 46 is broken after another small pullback holds over 45-44.50, then it could keep creeping higher up towards the 47 area and possibly try to take out the 47.75 high but probably not stick if it is reached

23 Aug 2017 03:06 pm
the DS is going to need to get over the 46 area and hold pretty soon or else break under 45 and could get a little bit of momentum possibly, come down to 43.50 and would need to hold there and turn up to avoid potential breakdown

23 Aug 2017 03:10 pm
market does not want to do more than pullback a bit from up here it looks before there is another move higher and will avoid any kind of breakdown by holding over that 44.50 area. If that goes, should still hold 41.50 area if reached

23 Aug 2017 03:22 pm
must take out 46 soon and that reverse for a chance of a continued choppy grind higher towards the 47.75 highs that went sideways for about 40 minutes before turning down – just under 48-48.50 area from yesterday

23 Aug 2017 03:23 pm
should not go back down to or through 44.75 in order to keep upside from potential turn back down

23 Aug 2017 03:31 pm
the bits can be good indicator intraday also, currently falling fast and tends to reverse when that happens. The move over 11.87-11.91 area reversal would be bearish. 46.75 has been reached, now must hold 46-45.50 to keep choppy grind higher pricewis

23 Aug 2017 03:36 pm
looks like the Dow will need to go over 21,840 or roll over and won't help the ES go much higher. It needs to hold 46 area in order to make another push higher to the 48-48.50 area or a bit more possible

23 Aug 2017 03:38 pm
getting some momentum now, and the Tao turned around quickly also. In any case should still keep going up to or through 48-48.50 area although may not stay there first time up there

23 Aug 2017 03:40 pm
pullback will hold at or above 46-45.50 and turn back up, or else could end up being a double top at the end of the day which not normal

23 Aug 2017 03:41 pm
should still try for the 48-48.50 area even if the cannot stay up there very long.

23 Aug 2017 03:42 pm
if this cannot get above 47.75 and comes back down under 45.75 area in the last 20 minutes then a pullback occurs instead of trying to make a close at four near a high for the day

23 Aug 2017 03:42 pm
have a good rest of the day. Take care!

23 Aug 2017 03:58 pm
tomorrow and could be bigger than today inside the and take out yesterdays low and works being short something – sorry it's late again and well off of the eyes so only partial position

23 Aug 2017 03:59 pm
should close the day at or below the 43.50-42.50 2one

 

INTRADAY LOG FOR TUESDAY - AUGUST 22, 2017

22 Aug 2017 09:11 am
good morning. The ES is going to open higher and above the 29.50 area and should come down to 29.50 and fill the gap as long as 38.50 is not broken

22 Aug 2017 09:17 am
32.50-32 area need to hold or else bounces likely to fail. this is not going to be a gap and though trend up day

22 Aug 2017 09:23 am
32.50 area could be a key area early to try to rally from but not be able to hold much higher up. I will update the little after the open

22 Aug 2017 09:26 am
should do like normal and early strength sold and first decent pullback bought, unless a trend down day

22 Aug 2017 09:27 am
which is doubtful also

22 Aug 2017 09:33 am
has to take out the 37.50-38.50 area and stick up there. Pullback need to hold 34 and especially 33-32

22 Aug 2017 09:38 am
straight up to just under 40 and will need to hold 37.50-36.50 four uptrend to keep going to or through 43 area

22 Aug 2017 09:39 am
heading to the 42.50-43.50 zone and could go a bit further before a pullback

22 Aug 2017 09:41 am
should not go any further then 42.50-43.50 before a pullback,, or else not until in the 9:50-10:10 timeframe

22 Aug 2017 09:42 am
I will meet you online around 10:20

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22 Aug 2017 12:02 pm
a trend of move with pullbacks of 2.50-2.00 points on the way up to the 47 level and 47.50-48.50 could be broken next as long as 44.50 is not tested or broken

22 Aug 2017 12:12 pm
48.25 high so far, would need to break down through 46 area and not turn right back up to break trend up kind of action and get through 48 area also..

22 Aug 2017 12:21 pm
48.50 resistance as the high for the day so far and now a move down through 46.50-46 can break the trend up move and have a better pullback underway

22 Aug 2017 12:24 pm
if the ES goes back under 45-44.50 and not stall or get turned right back up with some gusto, the downside could get a bit of momentum.

22 Aug 2017 12:26 pm
I will be back around 1:20 but will update before then ASAP when possible and if necessary. Top should be in place at 48.50 resistance

22 Aug 2017 12:57 pm
so far just a 2.75 point pullback, others were 2.00 and 2.50 points and should hold that 45.75 which was also low of a sideways range from 11:40 until noon

22 Aug 2017 12:59 pm
a move under that level by much is something that could start a move back to or thru 43.50-42.50 area. For today, no damage done unless that is broken

22 Aug 2017 01:20 pm
this can turn into a double top but needs to go through 45.75 in order to breakdown further to 43.50 –a poke over double top

22 Aug 2017 01:39 pm
Just a tiny pullback from the double top and needs to avoid a third try if headed towards 52-54 area and a trend of day all day

22 Aug 2017 01:42 pm
if this comes down through 47 and keeps going through 45.75 then there will be a bigger pullback with bounces failing from resistance appear

22 Aug 2017 01:45 pm
would need to take out 48.50 resistance then held that 47 on a dip after the breakout and turn up again. Otherwise, top should be in place and retracement of 32.75 point rally starting

22 Aug 2017 01:55 pm
only about a 1 day rally, but aside from that it's very similar to the moved into the 73-74 zone on 8/16 before the reversal day the next day. reversal should happen this afternoon though, should be underway

22 Aug 2017 01:55 pm
only about a 1 day rally, but aside from that it's very similar to the moved into the 73-74 zone on 8/16 before the reversal day the next day. reversal should happen this afternoon though, should be underway

22 Aug 2017 02:10 pm
still coming down slowly from 47.50-48.50 high on the day at resistance and needs to bounce from 46-45.50 at the worst in order to keep trend of mode from breaking

22 Aug 2017 02:16 pm
the ES should go back down there, but if not and 48.50 high is broken, 49.75-50.50 should be hard to get to or through and hold, unless end of day buying frenzy up to 52-54 area

22 Aug 2017 02:20 pm
well, 48.50 broken through so 49.75-50.50 area could be next and should have another small pullback unless heading straight up to slice through 52-54 area

22 Aug 2017 02:24 pm
any kind of pullback should not go back under 46.50, or no more than 2.50-2.75 points on a dip off of the high, whichever is higher but especially 46.50 on the chart.

22 Aug 2017 02:36 pm
but ES just shot up to 51.50, and should hold at or above 49 area in order to keep a strong uptrend going

22 Aug 2017 02:38 pm
should keep on going up to the 52-54 area, which should be a major bounce resistance before getting up to the 58 or 62 area

22 Aug 2017 02:39 pm
that is upside target at the 53-54 area. A chance it could go through that if the trend of action with 2.25-2.75 point pullback being the largest

22 Aug 2017 02:45 pm
with this turning down from just under 53-54 resistance, it will need to get turned back up at or above 49-48.50 at the very maximum, otherwise pullback symmetry breaks and prior double top at 48.50 resistance/new support also breaking

22 Aug 2017 02:57 pm
another 2 point pullback bid back up again, and can stay in a trend of mode still as long as 49-48.50 is held

22 Aug 2017 03:00 pm
asked to make another higher high, which would get it very close if not up to the 53-54 area. A failure and break under 49-48.50 would cause a reversal. Still trend up unless 49-48.50 broken down through

22 Aug 2017 03:00 pm
update in about 10 minutes

22 Aug 2017 03:13 pm
it's going to stay in a trend up move possibly into the close as long as pullbacks continue to be 2-2.50 points and this last 45+ minutes of regular trading hours

22 Aug 2017 03:16 pm
now needs to hold at or above 49 at the very lowest, not save the 48.50 prior double top or else has gone too far upside to be sustainable and not reverse

22 Aug 2017 03:25 pm
trend of move that started this morning after 2 small pullbacks were turned up and made it to the 52 level, just under 53-54 major bounce resistance on this world

22 Aug 2017 03:27 pm
a move back under 49 would break pullback symmetry and also the last swing low on 5 minute chart, mouse told to get one more push higher to resistance or through it possibly, not stay over 54 if reached

22 Aug 2017 03:28 pm
just beware that the ES does not break down at all and less there is a move back under 49 area

22 Aug 2017 03:29 pm
at the end of the day it will stay in a trend of mode as long as 49 area holds at worst. Could still reach the 53-54 area but ideal if it doesn't do that until tomorrow morning

22 Aug 2017 03:30 pm
have a great rest of the day and I will meet you here in the morning after you have gone through this evening's update. Take care!

22 Aug 2017 03:58 pm
biggest pullback of the day coming from the 54 resistance and in case you are there consider at least 1/2 of a short position

22 Aug 2017 03:59 pm
we will add to this tomorrow most likely

 

INTRADAY LOG FOR THURSDAY - AUGUST 17, 2017

17 Aug 2017 09:06 am
good morning. The ES is going to open lower and it will be a small gap down open if it opens under 62.50 low from yesterday.. a bounce has resistance at 63 area, and should hold under 65-66 Max

17 Aug 2017 09:16 am
still have a partial short position on from around 72 area yesterday, and still could get to 54-53, but not feeling well and covering options on the open, reassess it feeling better and a decent bounce

17 Aug 2017 09:19 am
you could have a stop at 64.50, holding under 63 area, and cover around the 58 support or hold out for the 54-53 area. I will do that with my put options

17 Aug 2017 09:20 am
I will update a little bit after the open, and then online at 10:30

17 Aug 2017 09:22 am
should see kind of the opposite pattern with early weakness being bought and bounce being sold into

17 Aug 2017 09:29 am
5891 support on that NQ held earlier and a nice run-up, would need to hold that to avoid breakdown there

17 Aug 2017 09:32 am
first drop bought and needs to grow up above 62.50-63.50 and hold up there and not turn right back down

17 Aug 2017 09:35 am
if reached and sold then a pullback needs to hold and bounce from 60 or higher or else could go through 58 and if no turn possibly down towards 54-53

17 Aug 2017 09:40 am
62.50 oh from yesterday filled the gap and turned away and unless 63.50 broken and held over 62 after that market and downtrend and test or breakthrough 58 possibly 54-53

17 Aug 2017 09:41 am
if they run up over 62.50 area holds on a small pullback then 66-67 again would be sold

17 Aug 2017 09:51 am
need to keep going over 65 and not come back down to or through 62 area or else could be a high-end place for a bit.

17 Aug 2017 10:05 am
64.25 was not reached so if still short look for 54-53 to be an exit if reached this morning. Should hold under 61 area if it's going to have a chance

17 Aug 2017 10:15 am
cha ching 58 R

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17 Aug 2017 12:01 pm
the ES went down to 50 before bouncing but stopped and installed at the 58 reversal area and so far made a token lower low at 49.75. Will need to get over 53 area and hold on a dip to attempt a turnaround now

17 Aug 2017 12:04 pm
the ES has not held under 51 very long at all on the pokes below, and unless broken through and held this can avoid 47-46 gap fill area today.

17 Aug 2017 12:06 pm
still needs to get over 53 area and hold 51 on a dip in order to avoid breaking down to or through 47-46 area

17 Aug 2017 12:10 pm
bounce turned down from 52.75, just under 53 resistance and should be on its way to order through 46.50

17 Aug 2017 12:11 pm
at a minimum

17 Aug 2017 12:15 pm
47.50 hello so far and should not go much further than 47-46 area, otherwise a chance it could get momentum and go down towards 43-42. Resistance around 50-51 now

17 Aug 2017 12:18 pm
46.75 reached so far but going lower. – I will update again around 1:15-1:20, but active market so will update when I get a chance. Needs to get over 53 in order to break down trend and have a low in place, at least for a while

17 Aug 2017 12:20 pm
now there will need to be a good strong bounce from 47-46 area or else could keep on going down to 43-42 or lower

17 Aug 2017 12:37 pm
but ES just poked down to 46.25 and filled the gap from Monday's 14+ point higher open above the Friday high. could be a low but need to get over 50 and hold small pullback to break steady down trend

17 Aug 2017 12:53 pm
breaking down further and less than 10 points above the major low 36 when everything got extremely oversold and the VIX spiked 55%. internals may get close, but sentiment nowhere near as fearful.

17 Aug 2017 12:54 pm
Will test or break if current action continues quietly today or possibly it hard tomorrow. anyway, almost to the 43-42 area where it should bounce at or above to avoid going down there towards 36

17 Aug 2017 01:00 pm
43-42 area for each and attempting a bounce but this will be sold and come back down again holding under 44.50-45.50 break now

17 Aug 2017 01:02 pm
there would need to be a reversal kind of day with a big move up from a higher low above 36.00 and make a "rising W" pattern. Don't think that will happen. Afternoon that get ugly-er

17 Aug 2017 01:03 pm
for those not short

17 Aug 2017 01:08 pm
closing in on 36, and if they cannot get turned around from that area or above 46 prior major support area on this move probably in the next 10 minutes or so, then another leg down

17 Aug 2017 01:14 pm
the Dow cash finally filled a gap at 21,841 and holding at the moment. But not bouncing much at all. ES still needs to get above 45-46 area and hold on a small dip/turn back up –still ugly otherwise

17 Aug 2017 01:27 pm
this is a bottoming pattern, but missing the move over 46 that has momentum to hold around 45-44.50 at worse after that

17 Aug 2017 01:37 pm
the ES made a tiny double bottom on the 1 minute chart at the 40.75-41.00 levels and turned up and has a chance to break this trend down action and possibly "rising W" pattern

17 Aug 2017 01:39 pm
really needs a good afternoon rally carried this back up above 46 in order to take some pressure off, and could go back up to 53-54 only if good momentum

17 Aug 2017 01:43 pm
still is a trend down move with the bounce turning down 1 pick under the 46 prior support

17 Aug 2017 01:49 pm
ES holding under its Friday high after breaking its Friday low, and the Dow trying to hold Friday low– a chance of coming down to/through 36 major area if this action continues

17 Aug 2017 01:50 pm
it's bearish unless 46 area broken/held on a dip. Can break small cluster of dynamic resistance if cleared

17 Aug 2017 01:55 pm
double bottom could make it back up towards 46 but needs to get a good move up through at least 43.50 to get there

17 Aug 2017 02:00 pm
I hate to pick a bottom here but looks like we could have one in place and especially a move over 46 that doesn't get rolled over again

17 Aug 2017 02:03 pm
probably need to bounce from 42.50 with some gusto in order to try for 46 and not head back down to test or break the 40 area. There is 36 major area 2.75 points under the low of the day

17 Aug 2017 02:06 pm
still is a trend found a with all of the bounces failing as soon as upside stalls/turns and gives a good move nearly every time. 36 or lower could be in the cards today – as long as they hold under 46

17 Aug 2017 02:17 pm
a break to the 40 level could get going down towards the 36 area, will need to make a turn from around there or else headed towards 30-28 area next

17 Aug 2017 02:20 pm
any kind of bounce that stops at or below the 42.50 area now should be sold with this new leg down. This can be sold down to the 30 area or lower especially holding under 41.50-42.50 area now, take out 36 on the way down after feeble bounce

17 Aug 2017 02:36 pm
the low at 38.75 was the high of the last hour range when the 36 low was made 8/11 and tested the next day. if this is going to hold over 36 than that needs to be the low, but strange for double bottom coming 2.75 points above 8/11 low

17 Aug 2017 02:36 pm
a pullback needs to hold the 40.50 area now or else could be headed back down to another new low

17 Aug 2017 02:36 pm
update and about 8 minutes

17 Aug 2017 02:45 pm
another new low should be down at 36 or lower the way this is acting. Needs to make a higher high at a minimum or keep dropping all day

17 Aug 2017 02:50 pm
the last 4 tests of the lows or new lows, very quick rebounds as most likely shorts taking risk off, then back on again selling into the next bounce

17 Aug 2017 02:52 pm
doesn't mean it will happen again but beware – probably don't want to be selling down there

17 Aug 2017 02:53 pm
bounces should stall or show rejection than head back down again. Unless that changes, get over 20 EMA on 5 minute chart and hold above it, very steady trend down move still in gear

17 Aug 2017 02:55 pm
here it goes again. This pop up should be sold into if it runs up and stalls out at or below 42.50

17 Aug 2017 03:01 pm
another failed pop up from the low and pullback to 38.50 that is not turned right back up is headed to the 36 level next or lower

17 Aug 2017 03:03 pm
41.50-42.50 area would need to be broken above and then held, or else this is going to be the quiet big drop kind opposite of last go around. 36 or lower soon

17 Aug 2017 03:11 pm
bouncing from 36.50 and only 2 ticks over the major support, very very strange if that holds but could be a decent bounce and needs to be strong enough to go over 41 and not fail like all others

17 Aug 2017 03:12 pm
this should at least go through 36 area before any kind of decent turnaround can be possible

17 Aug 2017 03:13 pm
even if there is a bounce, plenty of buyers from earlier stuck above should keep pressure on

17 Aug 2017 03:16 pm
the ES made its high and reversed after about 20 minutes after the open, and the low should be made around 3:40 PM and if not then it could go into the close

17 Aug 2017 03:21 pm
you can still short any bounce, you will get them back the way this is acting and with this cutting through 36 the next support is down around 30-28, which should hold

17 Aug 2017 03:30 pm
a trend down move since about 20 minutes into trading and should continue this drop until around 3:40 PM, and if not stopped then possibly into the close

17 Aug 2017 03:31 pm
you can still get short if there is a little pop-up as pressure will stay on as long as this holds under the 36-36.50 area first and especially going back above 38.50 and holding up there

17 Aug 2017 03:32 pm
well, looks like 3:30 PM is going to be the turning point attempt. 38.50 area key it looks. have a great rest of your day. I'll update this evening after looking at my stuff and then meet you here in the morning

17 Aug 2017 03:47 pm
the ES just reached 30.50 and my support is the 30-28 area down here that could be a spot where the market gets a decent bounce, so time to cover shorts if you have short still on it looks. At least until tomorrow

17 Aug 2017 03:49 pm
they could go lower but chances of a bounce of some sort, barring a crashette kind of move which is not impossible. There is a target/support down at 2412 and 2402 areas just in case

17 Aug 2017 03:55 pm
30-28 should/ must hold

 

INTRADAY LOG FOR WEDNESDAY - AUGUST 16, 2017

16 Aug 2017 09:23 am
good morning. Computer shutdown overnight and trying to get things set up the way it's needed. This higher open should be sold again and 66-65 needs to hold and get it turned up

16 Aug 2017 09:31 am
pop-up sold and should come down through 67 and fill gap for a bounce will be able to stick

16 Aug 2017 09:36 am
unless the ES can get over 70 and not reverse from 73--74 back down than still should comee back down to at least 67-66

16 Aug 2017 09:39 am
could go to 67.50-66.50 area and attempt a bounce but if so it shouldn't go up over 70 and hold very long unless it goes over 73-74

16 Aug 2017 09:42 am
poke down to 66.75 and would need to get over at least 68.50-69 and hold to avoid another pullback. – I will meet you online around 10:20-10:30

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16 Aug 2017 12:00 pm
where open sold and came back to 67-66 resistance and turned into support and ran out to the 73 resistance before pulling back 4 points. Now must go over 73-74 without reversing, or else had down to/thru 69--68 could happen

16 Aug 2017 12:03 pm
if a move to test or breaks through 73-74 then 71 needs to hold as a new support to avoid a reversal back down

16 Aug 2017 12:07 pm
token higher highs were sold on the way up to 73 the first time, and was just sold at 73.25 and in the 73-74 zone which must be cleared to avoid a top

16 Aug 2017 12:08 pm
probably would need to go back under 71.50 in order to avoid a reversal down from that resistance in an attempt to also break current uptrend

16 Aug 2017 12:12 pm
73.50 resistance sold, if 74 is broken then 72.50-71.50 area needs to hold in order to keep moving higher and not reverse

16 Aug 2017 12:18 pm
the ES is backing away from 73..50 and in the 73-74 zone and needs to keep going down through 72-71.50 and not turn right back up to break the current uptrend and give a 3.50-4.50 point pullback from the high if broken thru

16 Aug 2017 12:19 pm
a most over 74 that holds over 73-72 after that might have a chance at 77-78 area

16 Aug 2017 12:22 pm
we have the Fed minutes at 2 PM, and IF this is a trend up move into that timeframe then the move is normally reversed. – – I will be away until around 1:15-1:20 PM but will update when free if necessary ASAP

16 Aug 2017 12:28 pm
with this reaching exactly 74 and turning down, that could turn out to be a high at least for a while if this goes under 72.50-72 and not turn back up with some gusto

16 Aug 2017 12:48 pm
with the ES coming down from 74 resistance it could begin further breakdown by holding under 73 now and going under 71.50

16 Aug 2017 12:50 pm
if you did not short resistance with a stop just above it you should be short and look for a potential breakdown going into 1 PM or a little after that

16 Aug 2017 12:51 pm
should hold under 73 to keep the pressure on and if 71.50 broken could keep going towards 69-68 which is major area to hold on poll back or else break the low area 67-66

16 Aug 2017 12:55 pm
test or break of the 67-66 area, but breaking through 70-69 with some momentum needed for that. Biggest pullback 3.75 and 4.00 points and that symmetry coincides with 70 area also

16 Aug 2017 01:13 pm
babel bounced turndown from 71.25 and breaking down to and maybe through 67-66 and could be on the way to the 63 area which would need to hold to avoid an outside day going down through 60

16 Aug 2017 01:15 pm
this is a time again to have on some kind of short position, and if not in from the resistance zone because of a day trade or whatnot, a bounce should not go over 71.50-72 area now

16 Aug 2017 01:19 pm
67-66 will need to be broken through after a failure and down turn around 70-71 area. They were on up back above 71.50 might be too much to come back down thru 67-66

16 Aug 2017 01:19 pm
update and about 10 minutes roughly

16 Aug 2017 01:30 pm
bounce failed at 69.25 and just made a new low for the day 1 pick under 66 support, and unless 69.50 is broken /holds there can be one more push down to the 64.50-63.50 area – must hold or 61-60

16 Aug 2017 01:36 pm
still pushing lower and with the Fed minutes at 2 PM and you can hold overnight then keep a stop on 1/2 of your position at 74.50, just above today's high at resistance. and cover 1/2 at 66 or better dear before Fed minutes

16 Aug 2017 01:37 pm
67-66 area should be covered area for 1/2

16 Aug 2017 01:44 pm
so far biggest bowl back since oversold rally started has been 8.50 points yesterday, 8.25 points so far today and should be at least 12 points or more just for a "normal" pullback would go to 61 area again or lower

16 Aug 2017 01:53 pm
if there is a drop back down to the 61-60 area after the Fed minutes, then it would need to rally back up and break 64 and close over that level. 63.50 and 63.75 the Monday and Tuesday) closes

16 Aug 2017 01:55 pm
of all bad timing, will need to be away about 10 minutes or so any kind in the next 15-20 minutes due to having repair man coming to the door – I should not be interrupted very long. Bounces should fail

16 Aug 2017 02:00 pm
has to break that under 66 and hold under 68 and turned down after that if pressure is going to be on after Fed release. Can avoid trouble unless that happens, though may not have a good rally that sticks

16 Aug 2017 02:03 pm
quick turn up from 65.50 and that will be important to hold to avoid bigger breakdown this afternoon. This move needs to get over 70 and hold up there or else come back down again. 71.59 next resistance if broken

16 Aug 2017 02:04 pm
back in 10-15 minutes. Needs to hold 67.50 and turn up

16 Aug 2017 02:20 pm
the ES popped up 70.50 and just under 71.50 resistance and comiing back down should go through 67-66 two or through 63 area

16 Aug 2017 02:20 pm
and could be a move through 61-60 also if that holds under 67-68

16 Aug 2017 02:21 pm
still have shorts on what they stop at the 74.50 level which would need to be broken or else short-term top is in place now, retracement of run-up underway

16 Aug 2017 02:22 pm
unless something changes this afternoon, still is a good chance of going down and reaching the 54-53 area before the week is over, and staying short for that possibility

16 Aug 2017 02:24 pm
almost to the 64-63 zone where the ES needs to close above, a break under that area that does not reverse goes through 61-60 also, 58 point chance for a reversal and not go to 54-53

16 Aug 2017 02:28 pm
62.50 quickly turned up, would need to go back over 66-67 area and hold above 66 after that in order to get another run-up attempt, or avoid more trouble by breaking through 63

16 Aug 2017 02:36 pm
ES made a slightly higher low and turning up but needs to go back above 66-67, and not turn right back down. if another run-up takes out 68, it could go another couple points before backing away

16 Aug 2017 02:43 pm
2:30 PM bottom, and should be important low now at 63-62.50 area, and should be tested or broken if 66-67 is not broken through with some gusto

16 Aug 2017 02:53 pm
68 should be important here on this bounce, and if broken the ES might have a shot at 69.50--70.50 area but if reversed back down under 66 the trend could reverse also

16 Aug 2017 02:57 pm
if the ES can go through 68 it could run a little further but should have trouble going through 69.50-70.50 and being able to hold there very long. If it is not cleared then one more decent pullback could happen then bounce again

16 Aug 2017 03:04 pm
68 reached but not broken through and unless that happens then another drop needs to hold 66-65.50 area or else could go back towards the lows again

16 Aug 2017 03:04 pm
68 reached but not broken through and unless that happens then another drop needs to hold 66-65.50 area or else could go back towards the lows again

16 Aug 2017 03:04 pm
68 reached but not broken through and unless that happens then another drop needs to hold 66-65.50 area or else could go back towards the lows again

16 Aug 2017 03:06 pm
a move back under 66-65.50 needed soon to get a downside going from 68 bounce high, and somewhat pivotal in this range because could get another little run up if broken through

16 Aug 2017 03:17 pm
bounds attempt from the 65.50 minor support, needs to hold that area or else could go back down to the 63-62.50 low area, and if broken then 60.50-60.00 and 58 minor. 54-53 still is major, and target a bit bigger picture

16 Aug 2017 03:27 pm
with the ES holding the 65.50 support and turning back up, it has a chance of going of going through 68 and if so has a chance of keep on going to the 69.50 level or a little higher before coming back down

16 Aug 2017 03:30 pm
pullbacks still should/need to hold 65.50 in the last 30 minutes to avoid a potential breakdown to end the day. And as stated aim move over 68,, that is not reverse right away, could run until getting up to 69.50 or higher

16 Aug 2017 03:33 pm
covered half of a short position from around 72 area @66 and have a stop at 70.75, as that needs held under for a chance at another decent pullback, instead of a potential test or break of 73-74 again

16 Aug 2017 03:36 pm
68 is turning into a key resistance right now, need to go over that area and not be turned right back down again. but hold 65.50 area to avoid potential late breakdown

16 Aug 2017 03:37 pm
consider the ES under pressure as long it is holding under 68 and the last 30 minutes. Must get over that level and hold, otherwise on the downside 63.75-63.50 needs held

16 Aug 2017 03:39 pm
to avoid what could turn into a poor close rather than another bounce end of day. – – Have a great rest of your day, I'll update this evening and see you here in the morning– POSSIBLY a few minutes late. Take care

 

INTRADAY LOG FOR TUESDAY - AUGUST 15, 2017

15 Aug 2017 09:13 am
good morning! Well, maybe this is going to go for 73-74 where it should have trouble getting over and holding

15 Aug 2017 09:20 am
today should not be like yesterday with a straight up move from the open, as this gap up open should come down to 66.50 at a minimum and fill the gap.

15 Aug 2017 09:25 am
if it does not and there are 2 gaps under the market, and internals are very strong then it would be set up to roll over again pretty hard. a move up to 77-78 would be maximum

15 Aug 2017 09:26 am
anyhow, should be selling from either the open or no later than 20-40 minutes after the open to at least go down to 66.50 and fill that gap

15 Aug 2017 09:30 am
will need to hold 63 or else could go down to or through 61-60 major area. I will update after the open and then the online session at 10:20-10:30

15 Aug 2017 09:36 am
gap and will need to have a good bounce from 65.50 which was reversed all day yesterday afternoon or else go towards 63.54 more

15 Aug 2017 09:38 am
bounces are not going to stick today, unless there is a decent selloff first that gets turned around from around the 63.50 area, going under 61-60 please a top in place for a while up here

15 Aug 2017 09:41 am
will need to hold 65.25 as a low and get over 67.50 and then hold 65.50, otherwise heading down to another lower low towards 63.50 or more. – –meet you online around 10:20-10:30

15 Aug 2017 09:44 am
headed to 63.50 at least and maybe take out 61-60

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15 Aug 2017 12:05 pm
early strength was sold and going over and back under 66.50-65.50 lead to the move to the 60.00 support, the bounce to 65 failed also and bounce from 62 should turn down 63.50 to go lower and not bottom again @62

15 Aug 2017 12:11 pm
with stirring up from 62 and a being mostly range bound a move back over 63.50 that only has a small pullback and goes up again needed to avoid another leg down, and instead try for the 65 area again

15 Aug 2017 12:15 pm
like yesterday the 63.50 area is pivotal today, and needs to go over and hold 62.75 area on a dip if going to try for another little run-up

15 Aug 2017 12:15 pm
like yesterday the 63.50 area is pivotal today, and needs to go over and hold 62.75 area on a dip if going to try for another little run-up

15 Aug 2017 12:20 pm
we had an 8 point range in the first 65 minutes, since then range around mostly between 65 and 62 and will need to get thru 65-65.50 and not turn back down thru that area again,

15 Aug 2017 12:21 pm
or likely same result with a decent pullback breaking under 65.50 from above again. will need to bounce from 63.50 area again for better bounce attempt

15 Aug 2017 12:22 pm
I will be away until around 1:15-1:20 but will update when I am free and update is necessary ASAP

15 Aug 2017 01:01 pm
the ES just backed away from 65 again and headed for bottom of the range at the two that leads

15 Aug 2017 01:02 pm
this could keep going down to or through the 61-60 support and it grew look for 58 area at least

15 Aug 2017 01:03 pm
the ES is going to eventually go down to the 54-53 area I believe and a short position for that could be taken

15 Aug 2017 01:10 pm
bouncing again from initial support and a failure at or below the 62.50-63.50 area should mean another move down through that support area around 58.

15 Aug 2017 01:10 pm
stays range bound otherwise,, or makes a move right back up to see five area again

15 Aug 2017 01:23 pm
unless the ES is going to stay in a range between 65 and 60 today, it should turn down from around here at 63.25 and not go over 63.50 and hold, in which case 65 gets another test

15 Aug 2017 01:28 pm
rolled over and now needs to go through the 60.50-60.00 double bottom at support and keep billing to or through 58 in order to get that break down to the 54-53 area if it's going to happen early afternoon today

15 Aug 2017 01:31 pm
63.25 bounce high to 61.50 higher low so far,and could go through 63.50 but then has 65 to get through the top of the range still

15 Aug 2017 01:34 pm
double tops at 65 and 123 bottom/ double bottom at 60.50-60.00, and even though buyers have defended 61.50 and the 60.50-60.00 levels, still acting like the path of least resistance is to the downside

15 Aug 2017 01:35 pm
bounces should continue to fail as long as holding under 65 this afternoon

15 Aug 2017 01:45 pm
over again and this time should go down through 60

15 Aug 2017 01:54 pm
while this is in the middle of this range, I need to be away about 10-15 minutes and will update ASAP after that

15 Aug 2017 01:55 pm
odds are better that this still drops through the blows towards 58 or more..back in just a bit

15 Aug 2017 01:59 pm
while I could be wrong on this. ES has found a new range and still needs to go over 63.50 and hold. Back in 10-15 at the most

15 Aug 2017 02:11 pm
it looks like the ES may have turned the corner and has a shot at going through 65 on this move up

15 Aug 2017 02:12 pm
it should stay at or above 63-62.50 and turn up if it's going to, otherwise back to the bottom of the range

15 Aug 2017 02:19 pm
should not go back down to 63 or else could be breaking down further if not spike down and immediately turned up

15 Aug 2017 02:20 pm
63.25 had a little spike down and quick turn up, so 63 should be if there is another move down before going up to or through 65 top of this range

15 Aug 2017 02:26 pm
has held 63.25 and bounced, but needs to go through 65 soon without reversing to break this range on the upside while the Dow also is trying to move higher from a double bottom also

15 Aug 2017 02:30 pm
if the Dow can also take out 22,005 and hold for keep on going, it can help the ES get back up to the 66-67 area or more before backing away again

15 Aug 2017 02:33 pm
another pop-up to 65.50 that reverse back down through 65 again for a short with a tight stop

15 Aug 2017 02:33 pm
this might be the first one that does not go very far has it should hold 64.50 area and attempt another push higher if held

15 Aug 2017 02:36 pm
ES went to or just above 65.50 and came down through 65 just after that for a decent scalp 7 times yesterday and 3 times today, however note instant reversal this time and should move higher holding over 64.50 at worst it looks

15 Aug 2017 02:39 pm
after the pullback turned out from 63.25 new support area but ES has been choppy trend moves higher but getting top-heavy and will need to hold 64.50 for a shot at 66-67 and not a reversal of some sort.

15 Aug 2017 02:47 pm
top-heavy market with a reversal down through 65 again and so far reached 64.00 and 63.50-63.00 is the pivotal area and must hold or else a chance of going back down towards the lows instead of another bounce attempt from that area or above

15 Aug 2017 02:48 pm
from the 63.50-63 area or above

15 Aug 2017 02:50 pm
or else a chance of going back to the 61.50 level, or possibly back to the low but will take some selling in the Dow

15 Aug 2017 02:56 pm
63.75 pullback low and quick turn up keeps this out of trouble only is held and a move back up above 65.50 that can actually hold around 65 instead or reverse another time

15 Aug 2017 03:02 pm
with the Dow holding and running up also after ES turned out from 63.75 this has its best shot of going through 65.50 and not reversing in the last hour, if it does go back over that area and up to 66-67 or higher on this move – will take some more

15 Aug 2017 03:05 pm
over 65 now and should hold or else there could be a move back down to or through 63.50 pivotal area

15 Aug 2017 03:08 pm
making its run up to 66-67 and should hold over 65 and keep going with the possibility of reaching 73--74 but only if this can really get some legs and keep pushing into the close, don't think that happens today

15 Aug 2017 03:11 pm
backing off from 66.25 initial resistance, but if 65-64.50 area is not broken then there could be another move to the outside, and not go back down to 63.50 area or more

15 Aug 2017 03:18 pm
tiny pullback turned up from 65.25 and able to hold 65 this time a push to the 67 resistance has been reached and now 65 needs to hold on a pullback or else the pattern won't look so good as it would with a better close above 66.50

15 Aug 2017 03:20 pm
that high at 67 needs to be broken through and take out the 68.50 area or else has a chance of turning into a bounce high and late day pullback instead of a rally into the last 15 minutes or so, possibly into the close

15 Aug 2017 03:20 pm
that high at 67 needs to be broken through and take out the 68.50 area or else has a chance of turning into a bounce high and late day pullback instead of a rally into the last 15 minutes or so, possibly into the close

15 Aug 2017 03:26 pm
top and reversal from resistance set up a shorting opportunity against this uptrend, but holding 66 at the moment and unless a break under 65 there is a chance 67 could be broken and not be a top at resistance and higher high instead

15 Aug 2017 03:30 pm
should be just a scalp trade if this cannot go back under 65 and hold

15 Aug 2017 03:34 pm
in the last 30 minutes needs to break 65.50-65.00 again and to or through 63.50-63 area, otherwise the door stays open for one more level run up that could take out 67 but probably not stick. If broken then headed lower

15 Aug 2017 03:39 pm
have a good day
 

INTRADAY LOG FOR MONDAY - AUGUST 14, 2017

14 Aug 2017 09:11 am
good morning. We are going to get a gap up open, and it needs to get over 53-54 and not be turned right back down

14 Aug 2017 09:23 am
on Thursday when the VIX made a big shout the VXX close up more than 25%! the inverse is XIV and that will make a nice percentage move if the VIX drops a lot, it only moves about 1/2 the move by the victims however

14 Aug 2017 09:30 am
the VIX is already at 13.14, and up about 15% so never mind, it's going to need to either go back around 11-10 or 17-18. ES could go a bit higher but not much before a drop and then bounce from pullback

14 Aug 2017 09:32 am
58-58.50 should not be cleared and held very long if it is. Pullback must hold 54-53 now

14 Aug 2017 09:37 am
58.50 needs broken and held up here, could be a high if 57 broken and held under 58 after that

14 Aug 2017 09:39 am
has to hold 57.50-57 to keep uptrend from breaking

14 Aug 2017 09:42 am
top in for a pullback to or through 57 area

14 Aug 2017 09:45 am
this gap higher open will not be filled today as long as 54 is held above. hi was taken out and if the ES gets over 60, then should not go back under 58-57 or reverse

14 Aug 2017 09:47 am
that is more likely a top at 60.50 especially breaking 58-57 on a pullback now. Needs to hold and go over 60 and stick or else bigger pullback before bouncing again

14 Aug 2017 09:51 am
58.75 held and a second reversal from just over 60 should be a top and come down through 58-57 before another bounce attempt would be possible, bigger pullback must hold 54-53

14 Aug 2017 09:58 am
58.25 prior resistance held again and unless 58-57 is broken this can try for the 63-64 area next before a pullback of some sort would need to hold around 60 or higher

14 Aug 2017 10:01 am
we certainly have are oversold "bounce" there is a cluster of resistance at 62-64 area that needs to be cleared then hold around 62 or fail around that zone or a little below

14 Aug 2017 10:05 am
timeframe for a turn and in about 10 minutes and after poking into 62-64 zone it needs to hold 64 else risk breaking 58-57 which would begin reversing uptrend if that happens

14 Aug 2017 10:09 am
the ES has been holding 9/18 EMA's on the way up as a trend guide and a break back under 61-60.50 that is not turned right back up will break that trend, go to 58 maybe lower

14 Aug 2017 10:15 am
63-64 major bounce resistance area held below and turning down at 10:05 AM reversal timeframe and has to keep going down through 58 and not run right up again to have bigger reversal and possible top

14 Aug 2017 10:22 am
ES backed away from just under 63-64 major area but needs to go under 60 in order to break current uptrend

14 Aug 2017 10:28 am
62 is 50% retracement from the high at 88.50 last week to the low at 35.75 and also lower open and breakdown area last Thursday morning. Major bounce resistance and short under 62.50 now

14 Aug 2017 10:30 am
and 61-60 needs broken through and then keep going to test or break 58-57 area now a major support zone for a pullback to hold

14 Aug 2017 10:38 am
62.75 token hire high sold, just under 63-64, yet still is making higher highs and higher lows and so as long 61 holds again on next pullback, still higher low and can avoid reversal of some sort

14 Aug 2017 10:40 am
it is going to continue in a trend of kind of move unless this 63-64 area is reversed and comes down and breaks and holds under 61.50-61 area after this

14 Aug 2017 10:48 am
biggest pullback since 9:30 open has been 2.00 points and a number of 1 point pullback on the way up, but now a pullback that goes back under 63.50-62.50 needed to change trend

14 Aug 2017 10:52 am
still going to keep going straight up to the 68 area unless a pullback >2 points off whatever the high is before then

14 Aug 2017 10:54 am
backing away from 66.50 which was important on the way down and a move under 63.50-63 prior resistance and 2.73 then the bounce that follows should be sold as things changing

14 Aug 2017 10:57 am
it is breaking through 64-63.50 that will break the uptrend although any kind of bounce from here should be sold into

14 Aug 2017 11:05 am
ES pulled back turned down from 66.50 which was the next resistance but not listed last night (didn't see it going this far) but a key area nonetheless and now must bounce with some gusto from 63-64, but not break 66.50-67/hold

14 Aug 2017 11:12 am
bouncing from 53.75 but not with good momentum and a test of the high area would be sold most likely, the ink you should have topped and would need to go back over 5806-5807 and hold after that to avoid another drop and not test high area

14 Aug 2017 11:13 am
pop-up from 62.75 had no momentum needs to bounce from 63.50--63 or else could keep going towards 58.50 area again

14 Aug 2017 11:19 am
top should be in place for a while and even if a bounce from 63 area as it would need to go over 65-65.50 without turning right back down from that area

14 Aug 2017 11:23 am
this should stay in a downtrend and go back at least under 62 as long as they hold under 65 right now. Has to get over at least 65 with some gusto to hold on a dip after that

14 Aug 2017 11:24 am
otherwise if 62 area broken through by much then could go back to 60 area and would need to reverse or continue the pullback to the 58.50-57.50 area again, which held as support once on the way up. Would take a while

14 Aug 2017 11:33 am
bounce off of 63.25 new support just took out 65 and now even if it comes back down it will avoid any trouble as long as it holds 63 area, prior resistance as new support, needs broken through

14 Aug 2017 11:37 am
there is a chance it looks for the EST come back down to the 64-63 area and if so will need to be another decent bounce keep it from breaking, as a break and hold under that area should leave a top in place. Tops just 1 point under prior high and cou

14 Aug 2017 11:44 am
buyers have been in control until going range bound and with 63 needing to hold so is the equivalent area at 21,983-221,980 to break down through.

14 Aug 2017 11:54 am
not wanting to stick at the high area and another 123 top /double top was made slightly above the last attempt and still needs to go under 63 area and not get turned right back up

14 Aug 2017 12:00 pm
the Tao cash held that 21,997 and needs to break under the 21,993 level and not get turned right back up along with the 63 area on the ES, otherwise pullback should keep on being bought for a while longer

14 Aug 2017 12:05 pm
biggest pullbacks of the day have been 2.00 points and 2.75 points on the ES, and the gap higher open has been a trend up kind of day so far. Unless the ES goes back under 64-63, it could keep going higher after small pullbacks ~2-3 points or less

14 Aug 2017 12:15 pm
the VIX dropped almost 5 points from its high on Friday morning at 17.28 and has "reverted to its mean" already, and nice gain for XIV which is up more than 10% so far today.. ES has been pulling back from just under the high 3-4 times now and needs

14 Aug 2017 12:20 pm
but for another test of the high, if there is one again, to be sold into again as buyers keep backing away at the new high and a scalp trade at least and may be more, which happens if 63 area broken through this afternoon

14 Aug 2017 12:25 pm
the 66-67 zone was former high area and the initial support after the first drop from the all-time high and bounce back to the 74 level and close at 50% retrace and high that day. it's new key resistance up here – 70.50 not impossible if broken

14 Aug 2017 12:26 pm
has to be able to break through the 66-67 resistance with some gusto and only a small pullback again after that

14 Aug 2017 12:28 pm
I will be back at around 1:20 however will update before then if it is possible and necessary. until then Trend up still going as long as pullback just 2-3 points maximum, holds 63 area very lowest

14 Aug 2017 12:29 pm
with the ES not liking it at the high area a short with the stop just above 67 should be put on and look for this to break 63 this afternoon

14 Aug 2017 01:18 pm
the ES pullback to the 63 level again and turned back up again, but so far pausing under 66-66.50 double top and still a short with a stop just over the high then go back down to the 63 area again and possibly 61.50 if a small breakdown

14 Aug 2017 01:28 pm
also so far 21,998 has been holding on the Dow, and that going down to or through 21,991 should get that ES back down under 63 and tests 61.50 area if that happens. So it needs to basically hold 22,000 or else push lower to/through 21,991 and ES take

14 Aug 2017 01:31 pm
and ES take out 63. Would need to happen pretty soon otherwise the ES might make another move up to or through 66-66.50 with the stronger NQ

14 Aug 2017 01:34 pm
if a short from under 66.50 high is going to work out then the ES will need to turn down soon with the Dow cash and not tag along with the much longer NQ and pushed through to a higher high also

14 Aug 2017 01:36 pm
a move back down to the 63-62 area should be a place to cover shorts, unless you can keep something on for potentially bigger move with a trailing stop starting if 58 is reached today

14 Aug 2017 01:47 pm
it is possible the NQ could be making a double top way up here and it made a decent pullback from its 5911.50 early high and could help the ES come to target at 61.50 area

14 Aug 2017 01:48 pm
with the ES at 63.25 again and attempting a bounce, it should not be able to hold and then one more move back down after that

14 Aug 2017 01:53 pm
an entry could have easily been made at 65.00, 64.50 at worst I would think, and this should go to test 61.50 on a little breakdown and maybe a bit lower then pop up again.

14 Aug 2017 01:57 pm
with this repeatedly bouncing from 63, and prior resistance turning into new support, and a second transition area broken/held today. Just cover shorts and be flat, this could end up making a run through the highs as long as 63 keeps holding

14 Aug 2017 02:01 pm
if this can get through 66-66.50 then on up to 68 area and if no sign of a turn could be going straight up to 70.50. That would be maximum today most likely then come back down again

14 Aug 2017 02:10 pm
so far another failure at the top of this range and going back under 64 should keep on going to war through 63 bottom of the range down to test 61.50 before popping up again. Look for another bounce attempt from down there if reached but should no

14 Aug 2017 02:11 pm
so can be another short with a tight stop with this looking top-heavy, if not a consolidation, and should be more downside than upside from here. After decent pullback, another bounce attempt. Oversold extremes all back to neutral

14 Aug 2017 02:12 pm
need to be away 10-15 minutes and will update then

14 Aug 2017 02:20 pm
downturn from 65.50 just went to 62.75 and another bounce will also fail under the high and come down to or through 61.50 so be short under 65.50 and look for a test or break of 61.50 four a target and possibly could go to work through 58.50 area in

14 Aug 2017 02:25 pm
Dow cash also tested its support at 21,992 area and popped up, and getting bid back up again. Beginning to think this will stay range bound until around 10-20 minutes at the most. If going to test or take out the 65.50,, especially 66.50 it should

14 Aug 2017 02:28 pm
has to go up above 65.50 without turning right back down. So far today every move above that has come right back down again 63.25 at the highest of the 3 times down there

14 Aug 2017 02:38 pm
if this stops at 65 it will need to come back down under 64 in order to have a chance of a move to the very bottom of the range for breakdown. If it takes out 65.50 instead then holds at or over 64.50, headed towards 68 then back off

14 Aug 2017 02:46 pm
with the ES poking over 65 and turning back down so far just a tiny bit and will need to hold at or above 64 area now or else keep on coming down to or through 63-62 prior resistance/new support and bottom of the range

14 Aug 2017 02:46 pm
with the ES poking over 65 and turning back down so far just a tiny bit and will need to hold at or above 64 area now or else keep on coming down to or through 63-62 prior resistance/new support and bottom of the range

14 Aug 2017 02:49 pm
I know this has been holding 63 area 3 times so far on pullacks but going to keep day short on as long as the high is not taken out

14 Aug 2017 02:49 pm
I know this has been holding 63 area 3 times so far on pullacks but going to keep day short on as long as the high is not taken out

14 Aug 2017 02:50 pm
30.50 point run-up and sideways range should be breaking and first 61.50 and then down to 58.50 area or more

14 Aug 2017 02:52 pm
2:20 PM top should not be broken now so should stay below the 65 level, and coming back down to test 60 area and even if a bounce,, it should be sold into

14 Aug 2017 02:53 pm
can keep a stop on any short positions at 65.50 as that should not be seen the rest of today. Should be going down to at least 58.50 area and then may be a decent bounce if downside does not pick up more momentum on the way down

14 Aug 2017 02:57 pm
61.00 blows so far and there is a support at the 60.50--60.00 area, but even if they bounce it will not stick over 63-63.50 and come back down to or through 60.50 and possibly 58.50 area under that

14 Aug 2017 03:00 pm
63.50-64.25 should be as far as any bounce goes if it's going to stay under the 65.50 resistance up there. come back down to work through 60 may be 58 area or more if some momentum:

14 Aug 2017 03:09 pm
a bounce to 63.25 prior new support was new resistance and sold again and ES just reached 61.50 and turned up but if bigger breakdown then going towards 54-53 key major area now. Needs to break under 60/hold

14 Aug 2017 03:13 pm
61.50 was reached for sculpts, f this bounce fails around 63 area again and comes back down through 60, then 58 is next and probably will go to 54-53 some time tomorrow if no breakdown today

14 Aug 2017 03:17 pm
being sold that resistance and should start coming down to or through the 60 area on this move and hold under 64-64.50, not get up to 65.50 or higher at the end of the day,

14 Aug 2017 03:21 pm
run-up can continue it looks if it is able to hold over 63-62.50 and get a move over 65.50 and hold 65 at the end of the day, which has not happened yet today

14 Aug 2017 03:29 pm
and the last 35 minutes that ES is going to need to keep on moving higher throug 65.50 and hold over 65 after that, or else another pullback of some sort will occur instead of what could be a little melt up to around 68-68.50

14 Aug 2017 03:31 pm
right now really needs to hold over 64.50-64 area or else risk coming back down under 63 and putting some pressure

14 Aug 2017 03:35 pm
64.25 held, as far as a pullback can go without this having another little breakdown at the end of the day by not being able to hold over 65

14 Aug 2017 03:37 pm
This drop from the 65.50 level again needs to be small and turned back up from 64-63 area at worst and run-up and close over 65 or else we could see 54-53 sometime tomorrow.

14 Aug 2017 03:38 pm
have a great rest of your day. I'll send an update this evening,and then will meet you here in the morning. Take care

 

INTRADAY LOG FOR THURSDAY - AUGUST 10, 2017

10 Aug 2017 09:02 am
Good morning. Fear in the air with North Korea, and the reversal day at new all-time highs after 9 consecutive new all-time high closes and euphoria rather than fear

10 Aug 2017 09:07 am
So the oversold internal gauges can get more oversold before bouncing, but should go to or through 57 today. A stop on swing trade should be at 68 – and hope more than just a couple heard from in the trade

10 Aug 2017 09:09 am
bounces are going to have a real hard time holding today, but even if the bubble has burst I don't think this is a huge panic selloff day

10 Aug 2017 09:14 am
with a live session today, consider covering shorts if 57 is reached or at least tightened stop. Has to go over 66-67 and hold for a chance of being out of trouble

10 Aug 2017 09:21 am
bigger picture support under the 57 area is another 10 points lower today at 48-47 in case of a big down day

10 Aug 2017 09:26 am
an earlier run up would need to take out 63 and hold 62 and keep going up with some momentum to try going for the 66-67 zone

10 Aug 2017 09:33 am
pressure will stay on unless the ES gets over 63 and then holds over 62 on a dip after that but then should have resistance around 64 area before trying for 66-67 or reversing back down again

10 Aug 2017 09:35 am
turned at 63 and needs to go over that and then hold on a dip or else coming back down towards the low

10 Aug 2017 09:38 am
so would need to break and hold 63--62 or could go back to the low or lower

10 Aug 2017 09:40 am
pressure will stay on unless that zone is broken down to the 58-57 area or more possible. – – – I will meet you online around 10:20-10:30

10 Aug 2017 09:45 am
58-57 reached and needs to hold the low and get over 60.50 at a minimum or else more to go

10 Aug 2017 09:49 am
expect a decent bounce to start some time and the first 20-40 minutes unless this is going to cave in to the 48-47 area without any bounce attempt first

10 Aug 2017 09:56 am
55.75 low so far at an old support from back a few months and 53-52 if broken. Needs to get over 60.50 area and hold an order to attempt a turnaround of some sort, or just a bit better bouts before failing

10 Aug 2017 09:58 am
62-63 is now major resistance this morning that needs to be broken and held an order to be out of trouble for a while. Should not be seen though and 53-52 would be next, 48-47 major on bigger break. Online in just a bit

10 Aug 2017 10:08 am
if 48 47 broken 38.50

10 Aug 2017 10:08 am
if 48 47 broken 38.50

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

10 Aug 2017 11:59 am
the ES just reached the 48-47 zone and has a small bounce from the 47.25 low so far but should keep going lower unless a move over 50.50 able to hold at a minimum right now

10 Aug 2017 12:01 pm
even if broken the market is far from out of trouble and has to get over the 53 area with some gusto and enough to hold up there just to put a dent in the downtrend. however looks like a shot at 42 area and maybe 38.50 area today

10 Aug 2017 12:03 pm
it has been trended down action and the NYSE tick has been popping up to the zero area at tops and turning down, and should continue unless trend begins to turn

10 Aug 2017 12:16 pm
if anyone else is still in this swing trade with me have a stop at 53.50 or cover at 48 or better on this dip and we will wait until some of this extremes wear off before a reentry

10 Aug 2017 12:20 pm
in case you didn't cover at 48 and were holding a stop, then a 7.25 point trailing stop above whatever the low is is a good idea I think. Keeps trend downward symmetry and tact and trend down day going as long as bounce not > 5-7 points

10 Aug 2017 12:22 pm
could be headed to the 44-43 and possibly 38 area before end of day. I will be away until around 1:20 but will update when possible. Right now still a short under 50.50

10 Aug 2017 12:58 pm
low made at the 43-42 area and bouncing and needs to go over 48.5-49.50 and not turn down an order to begin to put a dent in this downtrend

10 Aug 2017 01:03 pm
the downside is overdone at the moment and this could be the beginning of a decent rebound, however has to break the trend down action and get over 50.50 and then hold 48 area after that on this mmove

10 Aug 2017 01:09 pm
reached 50 and turned right down and that inability to go over 50.50 keeps this in a downtrend right now

10 Aug 2017 01:13 pm
48-47 zone given earlier could turn in to a transition area to the upside, but needs to get over 50.50 and then hold over that area after breaking out. They move under 48-47 would break minor uptrend

10 Aug 2017 01:15 pm
this rolling over after a small bounce coming down from 50 .good and pressure is on now holding under 47.50 area

10 Aug 2017 01:27 pm
couldn't get through 50.50 yet so still not out of trouble in less a bounce from 48-47 up through 50.50 that is not turned right back down again

10 Aug 2017 01:27 pm
it you didn't take profit at 48 or better on the other 1/2 of the swing trade, there was exactly a 7.25 point bounce, so would have been stopped out at the bounce high at 50.00 worst-case.now that that is closed...

10 Aug 2017 01:36 pm
having trouble going over 50 and holding and unless that happens soon this can come back down to test 47.50-46.75 pullback low area. If no sign of turning from there or above, headed back for a test of the low this afternoon

10 Aug 2017 01:45 pm
breaking down now and could go back to the 43-42 area and even break it on the way to 38.50 area below that if this action continues in trend down mode

10 Aug 2017 01:46 pm
and a bounce needs to be more than the 2 bounces of 7.25 points that failed. That means getting back over 50 on a third try. It's bearish unless that happens

10 Aug 2017 01:54 pm
pressure should stay on as long as holding under 47 right now,

10 Aug 2017 02:01 pm
ES making a bounce from 45 but should fail as pressure should be still on the downside unless a move back over 47.50 and not turn right back down again

10 Aug 2017 02:06 pm
this has been a trend down day with 2 interruptions of just 7.25 points before rolling over and should continue until about some more than 7.25 points today

10 Aug 2017 02:09 pm
could be an attempt at a double bottom, but if the ES gets back down there as the 43-42 zone is a support that's important on the ES.. However the Dow has ways to go to fill some gaps still

10 Aug 2017 02:20 pm
a nice turnaround off of 44.50 pullback low and should have a low in place now on a poke over the 50.50 level. Even if it fails, another pullback will be bought. should hold 48 now

10 Aug 2017 02:23 pm
indicators pointing to a good-sized bounce possible, and with the VIX breaching 15.49 and reversing but still up 28% today. Fear reached extreme, otherwise spike up to 18 or 22 if the market gets it hard one more time

10 Aug 2017 02:27 pm
51.50 has been reached so far and should not go back under 48-47 and hold down there very long if reached if the market going to avoid trouble and try for 53-54 first he resistance area above

10 Aug 2017 02:29 pm
ES bumping up against down sloping 60 BMA on 5 minute chart and must get over that first as it is a downtrend resistance, pullback must quickly reverse from 48-47 or else continue breakdown instead of 53-54

10 Aug 2017 02:37 pm
53-54 updated resistance just rejected and shouldn't go back down to the 48.50 level or else a top at 53.50 should not be broken today

10 Aug 2017 02:39 pm
coming off of the 43-42 support the ES had a cluster of resistance at 53-54 for this bounce that was rejected, and if such a minor retracement is all, then going back to/through 43-42 certainly possible

10 Aug 2017 02:41 pm
breaking and holding back under 48 well put this under even more pressure, pretty much confirming top at 53-54

10 Aug 2017 02:42 pm
with the ES making "rising W" pattern 42.75-44.50, can be broken if a run-up doesn't start from 48 with some gusto

10 Aug 2017 02:47 pm
the ES would need to close the day over the 53-54 area to have any kind of bullish look to it. Should be added back to the 43-42 area and more on a move back through 48 would get it started most likely, important area

10 Aug 2017 02:49 pm
48-47 updated support turning pivotal, and could be one more run up by holding however should be sold again at or below 53-54

10 Aug 2017 02:51 pm
pop-up sold well below resistance and still needs to come down through 48 area without turning right back up from that area and then could extend to the downside further

10 Aug 2017 02:57 pm
starting to breakdown and should go through 48 on this move and will need to keep going or else there will be some kind of evil bounce and then down again most likely

10 Aug 2017 03:00 pm
a bounce should fail around 49.50-50.50 area and not go over 51 in order to have another pullback/drop on this move

10 Aug 2017 03:02 pm
quick bounce to the 49.50-50.50 zone sold and should continue down towards the lows

10 Aug 2017 03:06 pm
getting to be choppy but with lower highs and lower lows on the 5 and 1 minute charts and stays under pressure holding under 49.75 bounce high at dynamic resistance

10 Aug 2017 03:14 pm
43-42 zone again and after a bounce attempt that should be broken on the way to the 38.50 area and may be lower

10 Aug 2017 03:15 pm
as long as the ES does not see 46 again on a bounce without being rejected

10 Aug 2017 03:20 pm
38.50 area still possible before bounce attempt, but could cause a cascade of more selling to the lower 30s if broken through and then held under 40.50. Needs to clear 44.50-45 at minimum

10 Aug 2017 03:23 pm
there should be a decent pop up at this continues holding over 38.50 area and can go over 44.50 with some gusto and then hold on a dip

10 Aug 2017 03:28 pm
the Dow cash is the only average still holding above its 12:35 PM low it could hold in turn up and take the ES with it if it holds 40 and gets back over 42.50-43.50 without backing away

10 Aug 2017 03:32 pm
still headed for the 38.50 area or more if this cannot get through 43 area

10 Aug 2017 03:35 pm
could go right through the 38.50 area so beware being a buyer of anything unless this can prove itself.. Right now it stays bearish holding under 43. 10 points under the bounce high resistance 1 hour ago

10 Aug 2017 03:36 pm
in the last 30 minutes today not expecting another big run-up like they have had, this could keep drifting lower unless it gets back above 43 and able to hold.

10 Aug 2017 03:37 pm
have a great rest of your day. Update tonight and then meet you here in the morning. Take care!

 

INTRADAY LOG FOR WEDNESDAY - AUGUST 9, 2017

09 Aug 2017 09:12 am
need 15 min to reboot pc cover 1/2 short at open

09 Aug 2017 09:30 am
10 I will be with you in about 10 minutes

09 Aug 2017 09:34 am
A breakthrough 62 would be needed for a breakdown and can run up and Fill the gap at 67.50

09 Aug 2017 09:38 am
66.50 reach and needs to at least get over 67.50-68.50 and the able to hold after a small pullback and turn up or else breakdown to work through 58-57

09 Aug 2017 09:41 am
Pressure is going to stay on as long as this holds under the 66.50-67.50 area I will meet you online Around 10:30.

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

09 Aug 2017 12:04 pm
The ES reached 59.25 and reverse in the first 15 minutes ran up to 69 and the pullback held 63-62, which was not held below except for about a minute this morning. Now resistance at 72-73

09 Aug 2017 12:05 pm
And if a hold under 70 much longer then pulled back needs to bounce off of 68-67 in order to avoid bigger pullback and possible break

09 Aug 2017 12:09 pm
Half of our swing trade should have been covered around 63, and will hold the remainder for now with a stop for today up at 75. Should be another leg down at least if top in place

09 Aug 2017 12:11 pm
Rolling over from 70 and must hold and bounce from 68-67 in order to avoid a better pullback/drop

09 Aug 2017 12:16 pm
If the ES does not about from 68.50-67.50 on this pullback then a bounce that follows should be sold into. So far with it holding there is a chance of getting to the 72-73 area which is about as far as a Bounce should go

09 Aug 2017 12:21 pm
Bounce off of 68.25 almost to the high and has a shot at 72-73 where there should be some good resistance

09 Aug 2017 12:26 pm
Pounds from 68.50-67.50 new support up to currently double top 70.50 still has a chance at 72-73 as long as the 68.50 area is not broken.

09 Aug 2017 12:28 pm
I am going to be away until around 1:15 and will update if possible and is necessary. – You might want to put up a chart of the Tao cash as it is in a sideways range all morning with double top and double bottom for breakout

09 Aug 2017 12:48 pm
ES pulled back from 70.50, that NQ was on a run and just turned down after filling its gap From yesterdays low. If ES breaks 67.50 and NQ breaks down with the Dow, ES could break down through 67.50 and then 65-64.50 would be important to hold

09 Aug 2017 12:48 pm
and NQ breaks down with the Dow, ES could break down through 67.50 and then 65-64.50 would be important to hold

09 Aug 2017 12:49 pm
Market is a short on bounces under 69.50-70.50 area now

09 Aug 2017 12:59 pm
67.50 broken and they hold under 68 area will keep pressure on to keep pushing lower without a bounce for a while

09 Aug 2017 01:10 pm
bounce attempt off of 66.75 is not sticking, however a retest should give another bounce as that now cash trying to make a higher low around equivalent area on ES

09 Aug 2017 01:22 pm
pop-up failed and just came back down to 66.50 and popping up again. These pop-ups keep failing and pretty soon the Dow will end up breaking its double bottom. It that 66.50 area that must hold to avoid testing or breaking 65-64.50

09 Aug 2017 01:36 pm
about to break down after another feeble bounce andif a bounce holds under 68-68.50 pressure will still be on for another push lower

09 Aug 2017 01:41 pm
unless the ES can hold 66.50-66 and get back above 68-68.50, breakdown to or through 65-64.50 could be underway instead of decent bounce attempt from this area and chance of going back towards 70 or more

09 Aug 2017 01:49 pm
after yesterday and today until around noon there was plenty of movement,, but since then things have calmed down a bit with ES and a 4 point range and should break to the downside, pop-ups not able to hold and being sold into

09 Aug 2017 02:00 pm
breaking down through the 66.50 level and if 65-64.50 is broken right through than the 63-62 area is a strong and important area to hold,should not see that today or else bigger problems

09 Aug 2017 02:02 pm
pop right up from 66, however these pop-ups have been sold and should continue as long as holding under 67.50-68 area at the highest it looks

09 Aug 2017 02:08 pm
beware that if this drops to 65-64.50, would need to quickly go back over 66 and hold or else headed down to or through 63-62 area possibly going to 57 bigger picture low if August top in place and big breakdown under way

09 Aug 2017 02:10 pm
another pop-up should hold under 67-67.50 at the highest now and keep going down to Lord through 65 area, 62 area very important as a break could keep going to slice through 58-57 also

09 Aug 2017 02:13 pm
64.50 equivalent to prior double bottom on Dow and must hold or else breakdown further 63-62 zone key area just below. Pressure stays on holding under 66-66.50 at the moment

09 Aug 2017 02:20 pm
the Dow cash made new low just 1 point under prior low, should go further and ES test 63-62 key area to hold to avoid drop to our through 57 major

09 Aug 2017 02:25 pm
need to be a bounce over 66 with some momentum to break downtrend and make this a potential low, avoid bigger breakdown for today

09 Aug 2017 02:28 pm
if this had been a good acting market lately this would be a bullish set up for a good run up, however action has not been good, so must run up over 66 area and not turn right back down – otherwise further breakdown soon

09 Aug 2017 02:29 pm
still should have a partial short position on for a swing trade after taking off 1/2 on the open this morning ~63. Did not get a reentry for half, but will something happens over the next day or so.

09 Aug 2017 02:34 pm
need to see how ES acts when it gets to the 57 area. If reach at least lower stop to 10.50 points above whatever below is. A bounce shouldn't go that far if breakdown going to stick

09 Aug 2017 02:37 pm
crowns turned down from 65.75 and Dow went through its low, ES still needs to go through 63-62 area and not get turned right back up like this morning, but hold under 63-64 area if 62 broken stead for breakdown to continue

09 Aug 2017 02:45 pm
needs to go over 65.75-66.50 in order to get turned around for a bit, and might be the only way to avoid breaking through 63-62 on this move.

09 Aug 2017 02:49 pm
quick spike down to 62.50 quickly turned up and should be a low for a decent bounce now it looks. Especially going over 65.50-66

09 Aug 2017 02:50 pm
and not turning right back down. But, should be a low in place or else breakdown to work through major 57 area and so far protected

09 Aug 2017 02:54 pm
timeframe for a reversal also if there's going to be one. appears to be good buyers below, probably short covering or bottom pickers with a tight stop

09 Aug 2017 02:55 pm
should keep trying a move up towards the 65.75-66.50 area and if no sign of a turn could go right up to 68 in that case

09 Aug 2017 03:01 pm
pullback needs to hold around 64.50 if this is going to keep getting bid up to or through 65.75-66.50 area or more instead of potential break through 63-62 in the last hour

09 Aug 2017 03:08 pm
balance reached the 65.75 resistance so far and backing away and needs a bounce from 64.50 or could be going back down to test or break exceed 63-62 area

09 Aug 2017 03:12 pm
looks destined to come back down and likely break 63-62 the way this is acting, as there would need to be a move over 66 area that's not hard right back down in order to avoid late day break

09 Aug 2017 03:13 pm
if 66 is broken through then watch 67.50-68.50 area for resistance above that. The 68 area should be good resistance, or else try for the high which is unlikely and would be huge surprise

09 Aug 2017 03:27 pm
the ES made it back up to the 67.50 level which is important area to close above if the market is trying to dig itself out of a hole for a little while. It looks like a pullback will need to hold that 66 area, becoming pivotal today. If broken/held,

09 Aug 2017 03:28 pm
68 sold and breaking and holding back under 66 would put pressure back on. Have a great rest of your day, – – – I will update and then meet you here in the morning. Take care!

09 Aug 2017 03:29 pm
PS: still holding 1/2 short position from ~75 basis ES

 

INTRADAY LOG FOR TUESDAY - AUGUST 8, 2017

08 Aug 2017 09:19 am
good morning. the ES is going to open lower and given the small ranges (except for the NQ) of like this needs to go under yesterdays 73 low to the 72-71 area than hold under 74.50 for any breakdown

08 Aug 2017 09:22 am
this will probably be bought and then first bounce sold.. At the moment the ES needs to get over 76 and hold for a shot at new all time highs

08 Aug 2017 09:25 am
we have Econ data at the top of the hour and could be something that moves the market. I will update the little after the open and then meet you online around 10:20 - 10:30

08 Aug 2017 09:27 am
seems like eager sellers just above

08 Aug 2017 09:28 am
at least "feels" that way

08 Aug 2017 09:36 am
tiny bounce attempt sold into and now needs to go under 73 below from yesterday and keep going through 72 in order to be breaking down for a bit. Needs to get over 75.50-76 and not turn back down

08 Aug 2017 09:43 am
bounce from 72.50 and will need to hold there or breakdown to 71 area at least. Pressure stays on unless 74 broken/held

08 Aug 2017 09:45 am
72 support was told by 2 ticks and needs to hold and take out 74 and hold on a dip guess going up to test 76 which should be as far as a bounce goes, might take a while if it does

08 Aug 2017 09:50 am
needs to get over 74.50 and hold 74 after that is going to make a move up towards 76 area or maybe higher. 10 AM Econ data. – I will meet you online sometime around 10:30

08 Aug 2017 10:18 am
75 pivotal

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

08 Aug 2017 12:10 pm
The market has been in melt up mode sense turning from just above support this morning with biggest pullbacks 1.25 and 1.50 points and keeps going unless break and hold under 86.50 now

08 Aug 2017 12:11 pm
the move is getting extended however as members in the live session room were told they could trail a stop of 1.50 points and ride the trend as far as it goes

08 Aug 2017 12:12 pm
with the ES reaching the 88 updated resistance/target, a chance that could be a top if 87 is broken through

08 Aug 2017 12:19 pm
with the ES turning down from the 88 area and breaking upside symmetry a top should be in for a bit, or at least sold on another bounce attempt.. Should have an important support at 84-83, otherwise could come back towards 80.58 area

08 Aug 2017 12:22 pm
I will be away until around 1:15 but will update before then when free and update necessary. Right now a good trade on the short side can be made on a bounce towards 87-88 and a stop just over 88.50 high of the day

08 Aug 2017 12:22 pm
back in a little while

08 Aug 2017 12:42 pm
a bounce to 86.50 was sold twice, and so far 84.25 has been reached and if that is broken then 82 area is next. Must hold or else could go back under 80.50 prior all-time high, now midpoint of today's 16 point range

08 Aug 2017 12:43 pm
so look for this bounce to also fail under the 86.50 bounce high, and a transition area to the downside so far

08 Aug 2017 12:50 pm
rolled over from 85 this time and almost to the 82 level and should continue failing on bounce attempts as long as they hold under 85 now

08 Aug 2017 01:01 pm
tthis is headed towards 80.50 or lower as long as it holds under 83 right now

08 Aug 2017 01:18 pm
The ES held 80.50 so far, and needs to go back over 84.25-85.00 and not turned right back down or else remains vulnerable for another break lower – especially holding under 82.50 now

08 Aug 2017 01:23 pm
the ES half of its gains from the morning low at 72.50, 2 ticks over support, and 88.50 the last listed resistance, and can be an important top if this rolls over again and the Dow finally goes under yesterday's close. Right now does not look like

08 Aug 2017 01:24 pm
watch 84.25-85.00 for some resistance at this is going to be a bounce that fails well under its high, half way back up from 80.50

08 Aug 2017 01:28 pm
failure and should be breaking down

08 Aug 2017 01:29 pm
watch 78 area for a potential turn, but if broken right through that in 75 area will be important or else a complete reversal possible

08 Aug 2017 01:34 pm
we had the VIX drop all the way down to 9.62 double bottom and reverse at 12:10 with the ES and bearish where it could mean big move coming. If 77.50 broken, then a chance at complete reversal instead of a bounce first that fails

08 Aug 2017 01:45 pm
78-77 prior resistance holding as new support, along with the Dow just barely dipping into the minus column about 5-10 minutes and turning up. Both need to be close below for this to be a reversal day

08 Aug 2017 01:48 pm
if the ES is going to avoid coming back down towards 78 again, it shouldn't go to much further than 81 and then after hold over 80.50. Still vulnerable holding below 81.

08 Aug 2017 02:01 pm
the ES made it up to 81 and has been going sideways at 80.50 middle of today's range, and needs to hold 80 or else another drop to four through 78-77 could be underway

08 Aug 2017 02:03 pm
and still needs to go over 81 and then hold 80.50 area after that in order to avoid another drop down towards 78-77 or lower

08 Aug 2017 02:07 pm
Dow also rolling over with NQ and should break through this time if there's going to be a breakdown reversal day

08 Aug 2017 02:10 pm
the breath was negative yesterday at new all time highs and is negative yet again today, and if you read last night's update this only worsens the underlying technical condition of the market. more bearish divergence

08 Aug 2017 02:20 pm
78.50 reached so far and it's the 77.50 area the ES needs to break through and close below to have a reversal day. right now attempting to hold as a new support but 81 needs cleared, hold 80.50 and turn back up

08 Aug 2017 02:31 pm
so far this bounce turning down at 80.75, and not holding over 80.50 very long, should see one more push down towards 78.50--77.50 and would need to bounce was some gusto, otherwise could be breaking down

08 Aug 2017 02:39 pm
the ES is going to breakdown a bit more to or through 78.50-77.50 key area especially if the Dow drops back under 22,120 and especially under its 21,110 low of the day.

08 Aug 2017 02:41 pm
20 and 60 EMA at 80.58 area which still needs to be cleared and then hold around 80.50-80 and get turned back up if this is going to move higher, breakdown so possible by staying under that area

08 Aug 2017 02:48 pm
getting our breakdown and the 76 area will be important if this goes under 77.50 and not turned right back up again. If broken with momentum and held then 72.50 reverses the whole day,16 points up and a bigger move back down

08 Aug 2017 02:51 pm
you should still have some put options or short position of some sort, should have added long ago but more proof of reversing by holding under the 81 level on bounce attempts. can add on a bounce. Should not see 81 broken/held today

08 Aug 2017 02:54 pm
with this bouncing off of 77.50, it will keep itself out of bigger trouble and potential break under 76 which could open the door for a move to or through the morning low at 72.50. Now 80-81 needs broken/held after the

08 Aug 2017 02:54 pm
with this bouncing off of 77.50, it will keep itself out of bigger trouble and potential break under 76 which could open the door for a move to or through the morning low at 72.50. Now 80-81 needs broken/held after the

08 Aug 2017 02:58 pm
him should continue pushing down through 76 and not reversing or bouncing by much before turning back down again to keep this persistent downtrend going

08 Aug 2017 03:01 pm
holding under 78.50 looks necessary to keep pressure on if bounce from 76.50 iinstead of breaking through and heading down to work through 72.50

08 Aug 2017 03:03 pm
the Dow has closed higher 10 days in a row and 9 new all time highs in a row – 10 intraday counting today. It should finished the day under 21,120 area

08 Aug 2017 03:06 pm
should be a breakdown through 75 that keeps going down to or through 72.50, and must bounce from 72-71 support otherwise bigger damage done instead of bottoming down here

08 Aug 2017 03:13 pm
3 PM turn around at 75.50, but need to hold that and get above 77.50-78.50 in order to avoid a a bigger pullback possibly back down to the 73-72 area for breakdown further

08 Aug 2017 03:16 pm
the VIX reversed and is running up pretty fast and the ES continues to be sold on small bounce attempts and pressure stays on holding under 77.50-78.50 area the rest of the day

08 Aug 2017 03:18 pm
NQ pullback 32.50 points, holding up much better than the ES and Dow today..

08 Aug 2017 03:21 pm
and that needs to go over 5956-5957 and hold above while ES gets back above 77.50-78.50 and holds. So for will double bottom at 75.50 needs held or headed towards low of the day

08 Aug 2017 03:23 pm
still a steady downtrend and will stay that way holding under 76.75-77.50 area now, heading to course through 72.50 low of the day

08 Aug 2017 03:27 pm
a very persistent selloff from the high with just one little interruption and if this breaks 72-71 and no sign of a turned we could see this drop to or group 67-66 or more

08 Aug 2017 03:33 pm
the 70.50 level reached so far and in the last 30 minutes pressure should stay on as long as holding under 73 area and especially 77.50 just in case. This could dropped down to four through 67-66 before reversal attempt, or go right through it sspac

08 Aug 2017 03:36 pm
stay short, there was a chance to add before the break under 77.50 and should be in pretty good shape. would cover 1/2 at the 67-66 zone and a stop at 77.50 on the remainder today

08 Aug 2017 03:37 pm
August top could be in place after today's action. – –have a great rest of your day. I will update this evening and meet you here in the morning. Take care!

 

INTRADAY LOG FOR MONDAY - AUGUST 7, 2017

07 Aug 2017 09:15 am
Good morning. The higher open needs to hold and bounce strongly from 74-73.50 and take out the 78 area without coming right back down. IF the 78 area reached, still should come back down again

07 Aug 2017 09:24 am
I will give some data tonight, but the Dow is pretty much a smokescreen, as the underlying market is not in very good shape. makes it hard for any strength to be sustainable for too much longer.

07 Aug 2017 09:27 am
needs to hold 73.50 area and go over 75.50 and then the 77-78 area needs cleared and held. I will update a little bit after the open.

07 Aug 2017 09:29 am
breaking through 72-71 and then holding under 73.50 area after would put pressure on

07 Aug 2017 09:34 am
Dow gapped up into new all time high again and needs to go under 22,089 and probably will with the ES going to or through 73-72

07 Aug 2017 09:41 am
bouncing from 73 and needs to go through 75.50 and not turned right back down or all still is vulnerable for a moves back down to or through 72-1

07 Aug 2017 09:46 am
the Dow filled its gap and right now need to keep going over 75.50 and hold 74.50 afterwords if going up to 77-78 or higher. Small support at 74 needs held above

07 Aug 2017 09:50 am
75.50 reached and needs to hold 74.50 or else a bounce after that will probably fail

07 Aug 2017 09:56 am
bounce from 74.50 needs to keep going through 75.50 and not come down through 74.50-74 area or else could be a high in place instead of keeping going towards 77-78

07 Aug 2017 10:00 am
74.50 held again on a dip and should be trying for 77-78 unless 74.50 broken

07 Aug 2017 10:03 am
backing away from 75.50 again and must told 74.50 and turned right up or else will not make it to the 77-78 area. Should be a turn began before 10:10 normally

07 Aug 2017 10:12 am
could be a top if this comes down through 74.50 and not get turned right back up, but stays in a trend up move as long as 75-74.50 not broken

07 Aug 2017 10:19 am
75.50 broken by 1 tick and reversed and a move under 74.50 should hold under 75-75.50 area after if going to continue going lower and the Dow to negative territory

07 Aug 2017 10:26 am
need a moved over 75 that can hold to have any shot at 77-78 and instead drop back down to the 73.50-73 area or breakdown if the 71 area is reach and not reversed

07 Aug 2017 10:38 am
a pop-up after reaching 74 sold and unless a good run up through the 75.75 high. bounces likely to fail under that 10:10 AM reversal high 1 tick over 75.50, pivotal area.. Should come back to 73.50-73 which must hold or else bigger pullback underway

07 Aug 2017 10:39 am
also keep an eye on the Dow,as this will pop-up is coming as the Dow bouncing a bit from 22,089 , working like a pivotal support now

07 Aug 2017 10:44 am
just be sure under 75 as the NQ ran up 18+ points while the ES just 2.75 points and should roll over with the Dow and any NQ weakness

07 Aug 2017 10:47 am
broke down to 73 early low and would need to get back over 74--75 area and hold, but should be resistance at that area or below on a bounce. Should not go back over and hold unless running up towards 77-78

07 Aug 2017 10:52 am
72-71 looks to be major area to hold this morning if there is a move to that area. would need to roll over from 74-75, not break that area,, or else then there could be a test of the high or a bit higher

07 Aug 2017 10:59 am
Dow cash will need to hold 22,085-22,083 for the rest of the morning or else it can be topping out up here and that Maynot be good for the ES, which has been weaker. Pullback from 75.25, and 74 needs held or could be topping out

07 Aug 2017 11:00 am
still is going to be a short on bounces under the high. Keep an eye on the Dow cash as it could be breaking down and that will hurt the ES

07 Aug 2017 11:08 am
the Dow is finally losing some luster after going to 21,111 and turning down, and with it currently at its low now the NQ turning very strong. 5922-5924 good resistance there.

07 Aug 2017 11:09 am
ES is stuck in between and needs to bounce from above 73 and take out 75 without turning right back down again. This is still a short under the high

07 Aug 2017 11:11 am
also keep an eye on the NQ as it is just a little under 5922-5924 and if that is broken it could go another 10 points before reversing

07 Aug 2017 11:16 am
NQ reached 5923.75 (22-24 resistance) and so far barely backed away, and needs to break down through 5916 and not quickly turned up to have a potential top in place there

07 Aug 2017 11:26 am
ES is stuck between the 75 and 73.50 levels basically, need to take out 75 without turning right back down in order to avoid another drop to course through 73.50-73. ES kind of stuck, with NQ strong and Dow finally weak

07 Aug 2017 11:37 am
2.75 point range on the ES while the NQ went up 28.25 points, and if it can bounce from 5924-5922 area it could still make one more push higher towards the 5933-5935 area which is strong, then way up at 5945-48. Looks like ES okay as long as 74 holds

07 Aug 2017 11:39 am
should be buyers back away again around 75 and then if just a tiny pullback again there might be one more push higher towards 77-78

07 Aug 2017 11:44 am
turning down from the high/double top at the moment, NQ also, should hold 74.75-74.25 or else could continue down to or through 73.50 and 20,083-20,082 on the Dow cash

07 Aug 2017 11:48 am
so far holding 75 with the Dow heading up towards its high and will stay in an uptrend now with a shot at the 77-78 area unless 75-74 broken – – update in about 10 minutes

07 Aug 2017 11:56 am
the ES reached 76 with the Dow cash pausing slightly under its early high and the NQ polling back and close to the 5924 level which was a pullback low after breaking. That could be key and must hold 24-22 or else could be top on NQ

07 Aug 2017 11:58 am
ES needs to hold the 75.50-75 area or else it could begin to pull back a bit also, instead of going for 77-78

07 Aug 2017 12:08 pm
the NQ pulled away from its high 4 times so far now as it trades between 5929 and 5924 prior resistance, and now must hold 5924 or else can be topping out

07 Aug 2017 12:08 pm
could still go to the 33-35 area for a bit higher if 5924 holds and it breaks out over 5929 high

07 Aug 2017 12:09 pm
the ES will need to hold 75.50-75 at the worst if it's going to make it to the 77-78 area and not roll over with the Dow making a double top

07 Aug 2017 12:17 pm
the Dow just made another new all time high on this push higher and the NQ backed away, anyhow the ES will need to take going through 77-78, should continue holding 75.50 area if it's going to get up there or higher

07 Aug 2017 12:21 pm
the NQ is looking like it's intraday parabolic move is over and a break under 5924 should mean either downside gets momentum or a bounce that follows will fail

07 Aug 2017 12:25 pm
I am going to be away until around 1:15 but will update in a little while if it is necessary and I am free at the time. It still should be headed up to 77-78 as long as 75.50 area and hold. The Dow should now hold 21,110

07 Aug 2017 01:08 pm
the ES just missed the 77 level and after breaking and then bouncing from 75.50, needs to keep going up through 77-78 and also 80.50 and keep going or at worst hold over 78 and turned up again after that to get a good run up

07 Aug 2017 01:14 pm
the ES will need to go back under 75.50-75 in order to break the current uptrend and possibly leave a high in place for a while.

07 Aug 2017 01:17 pm
This has a chance of being a trend up day, and potential breakout or test of all time high, as long as 77.00-78 area not reversed fast, breaking 75.50 area and unable to turn right back up

07 Aug 2017 01:17 pm
NQ has a double top/123 top and is a short now under 5928

07 Aug 2017 01:19 pm
the up prior updated resistance and then support at the 5924--5922 area needs to be broken on the NQ and not turned right back up from that area (or just below at 5918 lowest) and order to break bigger intraday uptrend

07 Aug 2017 01:30 pm
the NQ ran right back up to its high almost, and needs to go through 5928 on this bounce and if so and another dip is what then NQ could see 5934-5936 – possible melt up 5947 if not sold hard from up in this area through 5924-5922 at least

07 Aug 2017 01:35 pm
77.00 has been reached and buyers are barely backing away so far,, need to at least go down under 76-75.50 and not be able to get turned back up again to break current uptrend from up here

07 Aug 2017 01:40 pm
could end up being a top if this keeps on going through 76-75.50 and not turned right back up on this move along with the NQ breaking 5922 area, or especially 5918 and not getting turned right back up again like they have been

07 Aug 2017 01:51 pm
unless the ES is going to end up blowing through its high and making a strong run up later today or tomorrow, looks like there could be a decent pullback come from 77 lower high again if this goes back under 75.50-75 and not get turned right back up

07 Aug 2017 02:00 pm
the NQ was in a pretty steady downtrend but stopped right at the 5922 support and turned up. The ES just reached 75.25 and turned up. Both of those lows need to hold in order to keep a trend up move from failing and potential reversal

07 Aug 2017 02:04 pm
pullbacks today have been 1.75 and 2.25 points, and both coincided with up sloping 60 EMA on 5 minute chart (regular trading hours) and need to go no lower than 74.75 or else breaking symmetry,prior resistance/new support and 60 EMA

07 Aug 2017 02:34 pm
heading back up towards 77 again and must not fail again and break under 75 likely turns the ES back down again. The NQ held right at 5922.00, needs to hold and take out 5928-29 double/123 top made at 1:15 PM after small pullback

07 Aug 2017 02:41 pm
the way the market has been acting like a slow trend up day, need to see the ES keep going through 78 on this move and not turned right back down again more than about 1.50 points at the most

07 Aug 2017 02:44 pm
NQ popped up to 5928.75 and came down, still has 5928 area to go through and be able to hold up there just a small pullback here to keep its trend up action from 5922 pullback support

07 Aug 2017 02:49 pm
77.25 high at 77-78 resistance and if there is not a pullback that takes out 75 then the uptrend will avoid any kind of reversal yet today. NQ need to hold 5922 the rest of the day

07 Aug 2017 03:00 pm
fear of any kind of pullback is evaporating with the VIX and a steady downtrend since turning from 10.14 and on its low at 9.81, right as the ES gets to good resistance. Holding under 77-78 in the last hour probably bearish way things looking

07 Aug 2017 03:03 pm
9 straight up days for the Dow closing at all time highs, with the ES stock right at bounce resistance a few points under all-time high. The NQ still under its all-time high. But ES needs to break 75 without instant reversal to do any late day damag

07 Aug 2017 03:13 pm
1.25 point pullback from the 77.25 high of the day, still 1 tick under the overnight Globex high and 2 ticks under Friday's 77.75 high. so a moves through 78 could keep on going to/through 80.50 to break out, hold

07 Aug 2017 03:18 pm
the Dow has been making lower highs and is pulling back, the ES is holding up with the NQ which also touched its 5829 updated resistance 2 more times

07 Aug 2017 03:18 pm
Need a move over 78 and 5930 on the NQ to avoid failing at resistance. must break/hold and of day or vulnerable

07 Aug 2017 03:29 pm
the ES should be able to take out the 77-78 zone although not sure it will hold or not, but the NQ has good momentum and will be bid back up if there is a pullback of some sort there. ES should do the same

07 Aug 2017 03:31 pm
in the last 30 minutes the ES will need to hold 76.50-76.00 at the lowest in order to keep upside symmetry, trend and momentum all on the upside and not be reversing to create a bearish pattern

07 Aug 2017 03:35 pm
even if there is another pop-up, with 78 team broken by just 1 tick and the NQ hitting the 34.50-36.50 resistance and backing off, good bounce but not going to stick and should pullback further before closing. Stay short or be short in some way.

07 Aug 2017 03:36 pm
IF the market does it selloff further end of day, then the Dow will be close enough to have another gap up open be a possibility and in this parabolic move– not confirmed by ES or NQ yet

07 Aug 2017 03:38 pm
if a turnaround is going to happen it should start late today or tomorrow – otherwise set up for probably better shorting opportunity.

07 Aug 2017 03:43 pm
ES is going to need to break 76 and close under that level to finish and a bearish position. a potential set up for another higher open tomorrow otherwise –

07 Aug 2017 03:43 pm
–have a great rest of your day. I will update this evening and then meet you here in the morning.. Take care

 

INTRADAY LOG FOR THURSDAY - AUGUST 3, 2017

03 Aug 2017 09:04 am
i don't have sound on this pc so cannot update till around noon. I can update online at 10:30 on my other computer first. my apologies

03 Aug 2017 09:56 am
sell to 67

03 Aug 2017 09:57 am
68 67

03 Aug 2017 09:59 am
70.50=71.50 R now

03 Aug 2017 10:07 am
pressure on under 70.5 still to 67

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03 Aug 2017 11:59 am
the ES turned down from70 on the bounce and holding under70.50 keep this on its way down to 67-66

03 Aug 2017 12:02 pm
this is coming from a different computer set up and hope to update periodically throughout the day. Won't be as many as usual, which might be better anyway. – Triple bottom but need to clear 70.50/hold 70 area after n turn up again

03 Aug 2017 12:05 pm
still headed towards 67 as long as it holds under 70-70.50. Would need to bounce from above 68 and take out 70.50 and then hold around 70 after that and turn up again to avoid that

03 Aug 2017 12:08 pm
on a drop down to 67-66 area, a bounce should have resistance at 68.50-69.50 that should be held under to go back down there or lower

03 Aug 2017 12:11 pm
just a 4.75 point range so far today and should at least drop down to 67-66, still be a small range of just 6-7 points. Unless 70 broken/held it still could break double bottom and test that area or more

03 Aug 2017 12:15 pm
I will be a way until around 1:10-1:15 but will update if free and update is necessary.– – Might keep an eye on the Dow cash also, it would need to get turned upover 22,020 to help the ES avoid 67-66

03 Aug 2017 01:00 pm
the ES made a triple bottom and then went up to 71 resistance and back the way again. In this very narrow range day the ES needs to get over 71.50 and then hold 70.50 after that in order to avoid another push lower, or just finally avoid potential tr

03 Aug 2017 01:02 pm
also keep an eye on the Tao cash as another test of its high would get the ES back in its 70.50-71.50 range or lower and a move down on the Dow can push the ES easily to the 67-66 area

03 Aug 2017 01:05 pm
on the other side, if the Dow goes through its double top by more than a few points, then a chance of taking out 71.50 area and would need to hold. ES should holdover 69 to keep trying to grind up to the 70.50-71.50 area on this move

03 Aug 2017 01:12 pm
Spike down to 68.75 and coming down here a fourth time has a better shot at finally going down to 67-66

03 Aug 2017 01:14 pm
or lower.if the Dow cash just comes back down to its noon Selena low at 22,009, it would take the ES down to the 67-66 area and maybe lower. With the NQ getting hit the ES could just go anyway

03 Aug 2017 01:19 pm
68.25 low around 10:15, then 68.75 then 68.50 and so far 68.75– and one more push lower should head down towards 67-66, only if just a spike down and quick turn up

03 Aug 2017 01:22 pm
1.75 points was the smallest bounce off of those 4 lows, and needs to bounce over 70.50 again now or else remains vulnerable

03 Aug 2017 01:26 pm
should finally be going to the 67-66 area or lower

03 Aug 2017 01:33 pm
67.50 was reached in quickly turned up with the Dow cash coming down to 22,010 and turning up.. Those levels are going to need to hold as lows now in this very thin trading.

03 Aug 2017 01:35 pm
looks like any pullbacks from here will quickly be turned back up again. There was a quick reversal leaving a tail on the candlestick charts. Should not go back down and stay down under 68.50, or would be in trouble nine

03 Aug 2017 01:45 pm
for the ES to have a shot at 70.50-71.50 instead of topping out lower than that it will need to hold 68.50 or above. If it goes much below that it could retests the low area

03 Aug 2017 01:54 pm
the ES held 69.25 and took off and so far reached 71.50 top of the resistance zone and pivotal area earlier in the day, the Dow is close to its double top also, so needs to

03 Aug 2017 01:56 pm
take out 71.50 and hold over 70.50 after that and turn up again in order to have a shot at going through that zone and trying for 73-73.50, the high of the day and yesterdays close

03 Aug 2017 02:05 pm
things have really slowed down to day, but right now the ES turned out from 70.25, and holding over 69.50 keeping it in and uptrend and a shot of going through 71.50. If it does, the Tao needs to be able to hold at its token new all time high/double

03 Aug 2017 02:15 pm
if the ES cannot bounce from 70-69.50 area, then along with the Dow it could be topping and stalling and rolling over. Need a bounce from there to avoid bigger break

03 Aug 2017 02:27 pm
the Dow just went into new high ground taking out its double top, but the ES stopped at the 71.50 level so far, and if the Tao begins to come back down again, ES could come under 70.50 and put some pressure on. But it stays bullish unless broken

03 Aug 2017 02:38 pm
with the ES stuck at 71.50 it must hold a whopping 1 point below at 70.50 or else continue down to bore through 69.50 area or a bit lower

03 Aug 2017 02:45 pm
the way the market has been lately, if the Dow happens to close around its highs and gaps up on the employment numbers in the morning, we should get a decent selloff. Kind of a blowoff top on the Tao with all of the gaps. At the moment ES is bearish

03 Aug 2017 02:53 pm
holding under 70.50 now should keep pressure on and keep going on down to 69 area and if the Dow gets going the ES should get going down when that

03 Aug 2017 02:55 pm
69.50 a small support that's holding so far but will be broken as long as 70-70.50 is not broken

03 Aug 2017 03:09 pm
this bounce from 69.50 needs to go right up through 70.50 and then 71.50 in order to finish on a good note, and also get the Dow back up towards its high

03 Aug 2017 03:15 pm
the Dow at a new all time high with about 450 more stocks trading down than trading up today. a very thin rally. The ES should keep going above 71.50 and hold to go up to bore through 73.50 area

03 Aug 2017 03:16 pm
this could go on out to the 72.50-73.50 area, and if no pull back there then a shot at 75-76 which is a key resistance the rest of the week

03 Aug 2017 03:22 pm
ES will need to stay at or above 71.50-71 in order to keep moving up and not reverse

03 Aug 2017 03:31 pm
one of the slowest non-holiday trading days in a long time is about over,thank God. the market is set up for what could be a blow off top/reversal tomorrow, but starting to back away and needs to get over 71.50

03 Aug 2017 03:32 pm
I have some SPY put options in case this finally comes apart like it's going to soon I believe. Go to September or October options, August top could be in place

03 Aug 2017 03:34 pm
or tomorrow on the employment data reverse. Doesn't look like a gap up open will happen now. Be short something, I will catch you tomorrow after the nightly update is sent. Take care!

 

INTRADAY LOG FOR WEDNESDAY - AUGUST 2, 2017

02 Aug 2017 09:17 am
Good morning! a very slow overnight range and could be the same during the day session but never know. If early strength in futures hold,, could be another gap open on the Dow

02 Aug 2017 09:18 am
that is getting dangerous. Early strength is a short again will see if a decent pullback holds

02 Aug 2017 09:29 am
the ES will need to run up from 74-73.50 it looks or else should be going lower early instead of a bounce attempt that should fail

02 Aug 2017 09:34 am
bounce from 73.25 needs to go over 75-76 and hold up there

02 Aug 2017 09:35 am
and continue up to or through 78 area, should be an important if going to make a lower high on the S&P 500 and the ES

02 Aug 2017 09:39 am
has to either go up through 78 and hold up there and not come back to or through 74 area or else could be reversing. – – I will meet you online around 10:30

02 Aug 2017 10:21 am
sell at under 71-72

02 Aug 2017 10:24 am
Dow DT . gap fill 990

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

02 Aug 2017 11:55 am
as usual of late the early pop-up was sold and after pulling back and bouncing from 71 up to 74.50, the Dow made a double top and turned down and started the drop to the 63.25 major pullback support.. This move must clear 69.50-70.50 and only a small

02 Aug 2017 12:02 pm
must bounce with just over from 67.25-66.50 area back above 69.50 and not turned down to avoid bigger breakdown.. watch the Dow at 21,993-21,989 area as key support their

02 Aug 2017 12:10 pm
just turned up from 67 and should not go under 67-66.50 if it's going to stay out of trouble. The Dow also holding right at its updated support that needs held or could pull the ES down with it

02 Aug 2017 12:19 pm
ES still holding 67, but not much of a bounce and needs to at least go above 68 without turning down to try another bounce and not test for breakthrough 66 key area

02 Aug 2017 12:28 pm
should breakdown to at least 66 and joined the Dow but needs to turn up right away that 66 is reached or else a chance of going back down to and babies through 63-62 which was tested once already

02 Aug 2017 12:29 pm
just happened and now needs to hold below 68. I will be back around 1:15 or thereabouts and will update when/if I have some free time during the break

02 Aug 2017 12:45 pm
a bounce off of 65.75 should not be able to stick unless it gets over 68 with some decent momentum and not turned right down again, leaving another tale on the candlestick chart

02 Aug 2017 01:17 pm
the ES is trying to rebound from a little double bottom at 65.75 and needs to at least get above 68.50 in order to break 60 EMA and get Dow back above yesterday's high

02 Aug 2017 01:19 pm
it will come back down to 67 otherwise and a chance of coming back down to or through 65.75, although appeared to be decent buyers at that 66 area, must continue holding

02 Aug 2017 01:29 pm
making a better move through 68.50 and if no reversal from around 70 or a little lower it can make it to the 71 breakdown level from earlier possibly 72, but should have trouble getting over 70/holding the first try

02 Aug 2017 01:33 pm
with the ES bouncing from 63 major pullback support we could have a "rising W" pattern on the daily chart. however, should be taking out 2457 first major area in the first couple weeks of August. Probably top sooner than later, could have been this

02 Aug 2017 01:37 pm
still pushing higher through the 60 EMA but the ES needs to go over 70 and hold on this move or else risk a potential break under 68.50-60 8 AM break the current uptrend, go into a range or breakdown

02 Aug 2017 01:44 pm
another push higher from 68.75 has the ES over 70 and needs to keep going to or through 71-72 and should back away a bit after that

02 Aug 2017 01:48 pm
71-72 initial support should be hard to get through and hold, and a pullback should turn up from 70.50-69.50 area in order to keep the strong uptrend from turning/topping, at least for a while if that happens. t the moment sAtill strong

02 Aug 2017 01:55 pm
once again early strength sold and once again a decent pullback was bought, 1 tick above the 63-62 major pullback support. And as usual of the late, another decent rally after. As long as 70.50 holds, trend up and no reverse

02 Aug 2017 01:58 pm
and could last another 25-45 minutes before turning, maximum, and if it doesn't come from 72-72.50 area on this move, and break under 71 and hold after.

02 Aug 2017 02:00 pm
the ES has been obeying the 18 EMA on 1 minute chart on the way up since around 1:15 PM, currently at 71 also. Current uptrend breaks if that is broken by much without turning right back up again here soon

02 Aug 2017 02:04 pm
getting a little bit top-heavy holding under the 72 level, and if the 69.50 level does not hold then could be coming down a bit further and possibly 67.50-67 where the ES broke out from this afternoon

02 Aug 2017 02:10 pm
so far 70.50 holding on a tiny pullback, but a bounce need still to go over 72 prior initial support and hold to avoid pullback of some sort here, 68.50 should hold or else bigger breakdown and not another bounce instead

02 Aug 2017 02:11 pm
72 area rejected another time and unless cleared 68.50-68 is next and could be a bigger breakdown if cut right through

02 Aug 2017 02:15 pm
it has been in uptrend and moving sideways, but if 72 is not taken out then this is going to end up rolling over after stalling here this long. Simply needs to go back to 70.50 or more and then hold under 71 area after that

02 Aug 2017 02:19 pm
still cannot get over 72 for more than 30 minutes now and likely to breakdown

02 Aug 2017 02:19 pm
a good opportunity on the short side with a good tight stopped just over 72, could be a decent pullback come from this

02 Aug 2017 02:20 pm
and if not, little damage done

02 Aug 2017 02:23 pm
need to break out over 72 and not turned right back down but keep going towards the highs if that happens, otherwise going under 71 and not turning right back up can get the downside going, probably not to the low but several points anyhow. Away for

02 Aug 2017 02:31 pm
the ES continuing to turn up from 70.75-70.50, not under 71. Long before popping up again and trying to go higher and should get through 72 if this continues being bid on all tiny pullbacks hold over 70.75 now

02 Aug 2017 02:36 pm
breaking out and must be running some stops or something but buyers coming in and a move back up through 75.75 hi needed for pulling back and must bounce from 71.75 area or else there could be a reversal and break under 70.75, should not hold under

02 Aug 2017 02:40 pm
holding at 72.50 so far and should not go under 72 without turning up now for a shot at going over 74.50 up to the 75.75 high area. One of the last resistance, 78 above that, before 80.50 all-time high

02 Aug 2017 02:50 pm
backing of from a bounce high at 94 and still still need a bounce from 71.50 area, otherwise a chance of going down under 70.75, which would likely leave this in place as a high

02 Aug 2017 02:54 pm
72.50-71.75 area will need to hold and give a good bounce again if reached and if that does not happen, and breaks under that area, it's possible that it could keep going towards 70.50, now major support for this uptrend

02 Aug 2017 03:01 pm
72.25 pullback low so far and holding the 72.50-71.75 new support, and unless that zone is broken, there can be another move up towards 74

02 Aug 2017 03:04 pm
or a shot at going up to its high at the 75.75 level. And if no double top on up to the 78 area, and should not go over that if going to make a lower high under 80.50 all-time high instead of continue to run up through that

02 Aug 2017 03:07 pm
coming back down quickly here and breaking 72.50-70.75 after this double top could mean further breakdown and possibly down to work through 70.50

02 Aug 2017 03:11 pm
need a good bounce from 72.50-71.75 zone, or higher, or else then 70.50 as a potential breakdown area

02 Aug 2017 03:13 pm
need to keep holding 72.50-71.75 or else can see this unravel a little bit

02 Aug 2017 03:15 pm
the Dow is beginning to drop down and maybe a bit further than it should if it goes under 222,000 again and stays under 22,000. It's their right now

02 Aug 2017 03:18 pm
ES still would need to take out the 70.50 area and not get turned right back up from that low area again. If broken through then the 68.50 area needs to hold or keep going to or throug 67

02 Aug 2017 03:20 pm
the ES just bounced off of the 71.50 level and if that does not hold then 70.50 is next and going through that gets the downside in gear it would look, with support at 68.50

02 Aug 2017 03:29 pm
pullback should be bid back up from 71.50-70.75 area at worst here if there's going to be another bounce attempt that sshould have a hard time making a higher high

02 Aug 2017 03:36 pm
still acting top-heavy, is breaking down through 70.50 can go to 68

02 Aug 2017 03:39 pm
must continue holding 71-70.50 and order to avoid a breakdown of some sort. – – –have a great rest of your day. I will see you here tomorrow morning after sending out the update this evening. Take care!

 

INTRADAY LOG FOR TUESDAY - AUGUST 1, 2017

01 Aug 2017 09:08 am
Good morning. it looks again like early strength should be sold into and the first decent pullback should be bought.

01 Aug 2017 09:13 am
has to get above 77-78 and not reverse. Or else come down through 72-71, it might be too much

01 Aug 2017 09:15 am
I will update the little bit after the open and then meet those of you who want to join us online around 10:30

01 Aug 2017 09:29 am
overnight highs on Globex was at 77.25 (77-78 resistance) and if broken and not reversed then could make an all-time high on the ES over 80.50, which should have a hard time holding if reached

01 Aug 2017 09:32 am
yet another gap on the Dow which is already up 85 points and would need to go back to unchanged in order to fill the gap

01 Aug 2017 09:33 am
needs to hold and bounce strongly from the 73-72 area or else bigger pullback to around the 70 area or more

01 Aug 2017 09:37 am
cut rightt through 73-72 on the way to the 70.50 level so far and would need to go back over 72-73 and hold up there or else keep pushing lower with the Dow on its way towards unchanged

01 Aug 2017 09:38 am
I will meet you online around 10:30. Bounces should still fail and another decent pullback can go down to the 68.50-68 or lowwer

01 Aug 2017 10:09 am
21929 gap fill on Dow. 73 povital

01 Aug 2017 10:23 am
73 high not to be cleared watch dow to

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

01 Aug 2017 12:05 pm
after after two drops from the 73 area to the 68.50-68 area third can be starting but would need to break under 72-71.50 and order to break current uptrend

01 Aug 2017 12:10 pm
with 73 being broken the ES needs to hold 72 now or else could begin to have another pullback although not as sharp unless the uptrend on the 1 minute chart is broken/held. Currently at 72

01 Aug 2017 12:19 pm
still is crawling up the 9/18 EMA's oon the 1 minute chart as trend up support but if broken then the break over 73 could be reverse

01 Aug 2017 12:23 pm
so far the Dow cash made it to just 10 points under the 22,000 level, after yet another gap up open this morning. If broken, it should not be able to hold their very long the first time. Should begin to pullbacks pretty soon it's going to

01 Aug 2017 12:25 pm
the ES should break back under 73 and then hold under 73 area, or the bounce high here at most and turned down again

01 Aug 2017 12:27 pm
uptrend was obeying dynamic support on 1 minute chart since around 11:30--11:35 until just breaking, and oftentimes sign of a trend reversing, and now needs to hold 71 middlle of this range or else keep going to/through 69.50 area

01 Aug 2017 12:27 pm
uptrend was obeying dynamic support on 1 minute chart since around 11:30--11:35 until just breaking, and oftentimes sign of a trend reversing, and now needs to hold 71 middlle of this range or else keep going to/through 69.50 area

01 Aug 2017 12:29 pm
however if the ES goes back over 74, it would need to turned down from 75 or just under in order to have a topping pattern, and not a continuation of the uptrend. Breaking and holding 72 puts pressure on again

01 Aug 2017 12:30 pm
I will be in and out until about 1:15 roughly and I will update before then if possible

01 Aug 2017 01:07 pm
so far the ES bounce from 72.25 but that will be broken if 73.50-74 area is not broken.

01 Aug 2017 01:25 pm
in some very slow trading the ES just matched the 74 bounce high and backing away again and will need to go through 74-75, and keep going over 76 high from yesterday or else could be a failure/reversal from up here by breaking 72

01 Aug 2017 01:33 pm
the NQ is making a nice push higher while the Dow has gone sideways and now turning down after a token new all time high, should be hard getting over 74-75 and folding if it does get over 75

01 Aug 2017 01:36 pm
should be a high in place but going under 72 and holding will put more pressure on and then the 70 area would need to hold after that or else breaking down

01 Aug 2017 01:40 pm
market and not wanting you break under 72 and unless that happens the market avoids trouble, and although not really likely today it still keeps the door open for 22,000 on the Dow cash

01 Aug 2017 01:47 pm
21,990.96 is a high on the Dow cash today, and with all of the gaps on the way up, starting with 21,682, then down at 21,841 above that, and today at 21,929. That needs reached before reversing big uptrend

01 Aug 2017 01:48 pm
pullback should still hold 72 area to stay out of trouble and needs to take out 74-75 in order to keep on going higher maybe up to the 77-78,, which could coincide with 22,000 on the Dow

01 Aug 2017 01:55 pm
the ES broke down from the 73-72 zone twice this morning and after the double bottom of sorts reversed at 68, 72-73 broken and holding. But also stalling, so needs to break 72 still or else market avoids potential breakdown

01 Aug 2017 02:08 pm
if this finally take out 74 and maybe even 75 high of the day, would need to keep on pushing/grinding and not reverse more than a point or 2 maximum, otherwise could break 72 and change things

01 Aug 2017 02:14 pm
yesterday there was a reversal after a double top on the Dow cash that brought the ES down fast with it, and it will need to get soul of under 21,965 for a shot at breakdown there, and if so would need to hold over 24,941 or could go down to fill it

01 Aug 2017 02:17 pm
73 level has been holding, and should continue or else slip down to 72, maybe break it by holding has a shot to go through the 75 high of the day and 76 high of yesterday, and possibly get to 77-78. However, would need the Dow to perk up again. NQ le

01 Aug 2017 02:25 pm
the ES has been trading between 74 and 72.25 cents around 12:20, just over 2 hours now and should be making a move soon and the 2:20-2:40 ttimeframe

01 Aug 2017 02:27 pm
the NQ beginning to have a decent pullback and the Dow is just barely moving and still needs to come down through 21,965 for that to have a chance of a breakdown of some sort.

01 Aug 2017 02:36 pm
pullbacks can be bought at or just above 73 but have a tight stop/reverse at 72. If that is broken it could start a decent drop and not go back to the high again, unless quickly reversed up with gusto

01 Aug 2017 02:40 pm
seems to be a decent bid on the small pullbacks even with the Dow sagging a bit, it still could reverse if it continues holding under 74, but more important should be the 73-72 initial resistance has been holding as support more than 2 hours

01 Aug 2017 02:44 pm
I think it's going to be backing away now, beware especially slicing through 73 and then 72 right after that with enough momentum to hold under 73 area after that

01 Aug 2017 02:50 pm
cut through 73 and should now hold under 73-73.50 at the very highest in order to keep pushing for a breakdown of some sort

01 Aug 2017 02:51 pm
has to break 72.25 where are a quick reversal back up in order to break this 2+ hour range the ES has been in. And if broken hold under 73 at the most and turned down again

01 Aug 2017 02:54 pm
72.50 pullback low so far. With a bunch of highs at 73.50-74.00, this bounce from the bottom of this all afternoon range could break out to the upside instead, but only if greater run up through 73.50-74 with momentum to hold

01 Aug 2017 03:02 pm
if this goes back down to or through the 72 area again it needs to keep going, buyerss aree backing away and it is sellers best shot at breaking this down

01 Aug 2017 03:03 pm
keep an eye on the Dow also, and should it close around its high instead of selling off, it would set up a good sure if there's yet another gap higher open tomorrow

01 Aug 2017 03:04 pm
2 hours and 15 minutes in this range and should break pretty soon if there is going to

01 Aug 2017 03:06 pm
just took out the bottom of the range and through 72, and now could 70.50 which must hold or else having a bigger breakdown

01 Aug 2017 03:15 pm
a quick rebound off of 71.50, and 71 is the metal of the range from the 68 low up to 74 bounce high. It should still be hard to break and hold over 74, but a a pullback should be bought above 72 and make it possible for potential test of the high for

01 Aug 2017 03:23 pm
internal gauges will be closer to overbought than oversold. the VIX went to 9.95 and turned up, a negative. on the Dow normally filled within a few days to a you months. There may be some that were never filled way back when. Should weigh on the mar

01 Aug 2017 03:25 pm
pullback made it down to 72 and turned up. Must continue holding 72-71.50 or else go a little bit lower two around the 70.50 area and turned up

01 Aug 2017 03:34 pm
in the last 30 minutes the ES will need to bounce from the 72-70.50 area at the very lowest innk turned up and take out 73 again and hold up there.. Otherwise breakdown late in the day underway

01 Aug 2017 03:39 pm
if 700.50 area is broken then there is a chance for the ES to go back down towards 69, also might watch the Dow cash as it must hold 21,954 else keep going down to the 21,929 level to fill the gap. this should not happen today unless they break 72/ho

01 Aug 2017 03:41 pm
have a great rest of your day. I will be sending you update this evening and meet you here in the morning. take care!

 


 

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