S&P500 - Analysis and Trading

[healthandwealth]

Re: S&P 500

Hi all - this is my first post- am enjoying reading the thread...
so what will the S&P do tonight? is it ready for next decline or how high will it go?

 

[Broadway]

Re: S&P 500

Hi all - this is my first post- am enjoying reading the thread...
so what will the S&P do tonight? is it ready for next decline or how high will it go?

Hey H+W,
Yea that swing up worked well, she rose 60.
Im not getting definite big signals, but I think she may have run out of steam here, maybe some downside in the next 24-48h.
Epcr .55, maybe some complacency in calls.
We'll see I guess, but i'm always looking for reversals too early.

 

[Joules MM1]

Re: S&P 500

liq coming out of spx is going into bonds and gold...inverse action.....should be getting to the 'obvious' tipping point.......of course, after 6/6 flash most people are confused....twiggs money flow might be the only divergence because traditional 'value' levels are reached but a lot of wealth protection is going into bonds and fear of deflation and weak fiats is driving gold....i'm keen on seeing the globex 1035(.75) low taken out on a daily basis by the cash to confirm that we're more than a (us)summer slump

coffee....

 

[explod]

Re: S&P 500

As things are looking a bit fragile on the markets just thought I would pop in. Was reading Dan Norcini's take on gold and thought the following paragraph may be of interest.

The price action in the S&P 500 calls for some comments – the market is flirting dangerously with the 1040-1036 level. If it CLOSES BELOW that level and stays down there for another trading session, the bottom is going to drop out of the equity markets in a real hurry as things will turn quite ugly. The equity bull crowd had better hope that they can muster enough recruits to their cause or they are in serious trouble

full report at JSMinset: http://jsmineset.com/

 

[Joules MM1]

Re: S&P 500

http://www.marketwatch.com/story/dow-theory-sell-signal-at-thursdays-close-2010-06-30?link=kiosk

lotsa reasons to confirm a longer time frame sell on the us markets....bonds continue to get bubbly and attract more liquidity...gold spikes down from headless chook traders but merely becomes better value for the long range game.......

 

[The_Snowman]

Re: S&P 500

Just going to throw a few charts up here,see if they work OK

 

[The_Snowman]

Re: S&P 500

How that turned out in very short time.....

 

[The_Snowman]

Re: S&P 500

Anyone trading the S&P daily should have a listen to this analysis

THE CHART PATTERN TRADER

 

[The_Snowman]

Re: S&P 500

Little trade I caught pre-open & 8:30 June payroll, could be an interesting day

 

[The_Snowman]

Re: S&P 500

Apart from the DP - Decision Point - project from the February 2010 low, hitting the 38% retracement and some good news next week, which may provide a temporary rally up to the 1130 region, there is plenty of scope for downside - your thoughts, comments, analysis, etc?

 

[wayneL]

Re: S&P 500

your thoughts, comments, analysis

The rally was manufactured and the sky is falling again. Stock up on baked beans and ammo.

 

[Joules MM1]

Re: S&P 500

lows retaken on globex 1006 and a nice hook for supply saw futes spike down as stops hit and then, whoopie cushion, a squeez to retest the roof at 1040 cash....1002.75 mini is the low to hold.....twm supports the ultras although the spxu is looking weak but more importantly, i think, the transports hold the key, lack of belief that (as some have said) that yesterday was a key reversal day.....always scares me when people are quick to call reversal days......market tells.com shows more stocks trading new 20 day lows than above, very weak tick into the lift, CME group says half the members not on the floor in chicago so likely we havent really seen the real strength.....twiggs money flows all support selling which in turn is still supported by liquidity flowing into bonds....i dont think just looking at the euro and saying that is reason to see higher prices in us equities.....doesnt look to me like the asian markets are buying up on the us moves.......a minute by minute game....i still favour s/s the spx as a bias

 

[CanOz]

Re: S&P 500

I've got a bias to the short side, and not just because of the technicals. Pretty much explains the way it is.

Cheers,



Steve

 

[explod]

Re: S&P 500

Interesting to see a lot of bears appearing among ASF'ers. Was just musing on the Dow, I like looking at the longer term now and then. Noticed that during 2007 on the monthly a lot of volatility occurred leading up to the GFC, since the start of this year it looks to me like a similar pattern of volatility.

Interesting ?

 

[Lachlan6]

Re: S&P 500

Most people seem to be quite bearish the S&P 500 at the moment. One of the biggest dangers in trading and analysing is not keeping an open mind. One count (shown) is very bullish, suggesting the complete wave A, B and C pattern. Notice the termination of the C wave just past the .618 area of the wave A. The key is the next week or so. If we can count a complete smaller five waves higher on the hourly chart, it is looking good that the market can continue higher. I would suggest we are in the smaller wave iii now on the hourly. If we get consolidation for a few days then on upward again, I will view this very positively.

The only question mark is the time taken to complete the much larger B on the weekly. It does not quite seem as though it has chewed up enough time yet. Time will tell.

 

[CanOz]

Re: S&P 500

My short (long on the inverse ETF) got triggered on Thursday night on the hammer.

Nice surprise when i checked this morning. Quite a night for the bears.

My trading has been quite quiet lately, hasn't been good swing fodder so its good to finally get into a decent move.

CanOz

 

[CanOz]

Re: S&P 500

Got stopped out on this trade at B/E. Got long several US stocks right after, even had a stop and reverse on HAL for a day or two.

Cheers,


CanOz

 

[arco]

Re: S&P 500

All gone quite.........

Possibility perhaps

 

[arco]

Re: S&P 500

.

First leg along suggested Purple Trace gave maximum 19 points

 

[MRC & Co]

Re: S&P 500

Tonight is the night me thinks, down she goes..........!