TIME | ALERTS | |
15:40 | I am going to call it a day. Might be here on Friday. Will definitely be back on Monday.
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15:40 | HAPPY THANKSGIVING TO ALL!
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15:27 | Anyone who has followed the Option Signal Service knows how much I DO NOT like trading around the holidays. Never saw so many indicators that did not work out as I have today. Holiday Effect.
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15:17 | Just not much to say.
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14:22 | It is 14:30, and we have only 1 trade in today. Maybe we should just start the holidays early.
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14:21 | Reversal did not last very long.
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14:10 | We at reversal. SPX @ 867
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14:09 | Make that 864
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14:09 | Will SELL if we bounce down from reversal, and break 865.
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14:07 | We are moving up into the reversal. Could take position if this continues.
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14:05 | OK, I will start thinking about taking a position again.
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14:04 | Reversal at 14:10
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14:03 | Wow! right through it.
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14:02 | OK we are at support again.
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14:01 | Reversal at 13:30. Moved 5 points. I do not want to do anything until that 866 level is broken.
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13:38 | We are down 10 points. Do we go lower? Strong support at 865
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12:58 | Breaktime. Back in 15 minutes.
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12:57 | Cancel ** SELL @ 866
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12:56 | Very odd that a reversal with the strength of the 12:30 one would fail to do anything. Only explanation I can come up with is that there was a reversal around 11:15 that sent us sideways, and the 12:30 reversal was a reversal out of the sideways movement.
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12:52 | ** SELL @ 866
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12:52 | Cancel ** SELL @ 860
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12:51 | Current movement puts us in an ascenting wedge. Expect move down from this pattern. A move below 866 would confirm this.
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12:50 | 870 is resistance.
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12:42 | We are outside the 10 minute window, but will continue to watch.
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12:40 | No negative candles. A couple of positives.
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12:38 | Stalling
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12:37 | Look like big pop to UP side.
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12:35 | From 11:15 till now we have moved sideways. Strong indication of a move down.
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12:34 | Could return to the low of the day @ 842
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12:31 | We will give this reversal 10 minutes to show itself.
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12:29 | 12:30 is here!
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12:28 | Another reversal at 12:30
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12:28 | 10 and 15 minute candles are point down.
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12:26 | Still have not crack 860.
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12:26 | moving up into the reversal. That is good for us.
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12:19 | "Remember"
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12:18 | emember that reversal coming up at 12:30
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12:06 | ** SELL @ 860
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11:57 | Have to leave for 10 minutes. Things seem to happen when I am away today. Back in 10.
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11:54 | We bounce off the resistance at 867 caused by a trend line we have bounced off all morning. So, this breakout to the UP side may mean nothing.
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11:51 | Major reversal at 12:30
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11:50 | We just broke resistance. Cancel SELL for now.
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11:50 | .OXRXR is sell for 1.10
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11:48 | Notice the congestion the market is showing. Indicative of a big pop to happen soon.
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11:46 | Options players should be looking at some week Puts to play this move down, if it happens.
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11:44 | ** NOT IN YET.
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11:36 | I think we will close lower than yesterday.
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11:36 | Move below 858 is VERY negative.
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11:35 | Reason: we are at major resistance, a high is expected around this time, and negative candles are showing up.
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11:32 | ** SELL @ 860
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11:30 | Major resistance at 864
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11:28 | The predicted high at 12:00 looks like it may happen.
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11:26 | ****** WARNING! Second guess anything I say today. Been dealing with a client on the phone, and I see I do not have my finger on the pulse today. 1) There was a reversal at 10:10 that I missed. 2) There was a reversal at 11:04 I missed. 3) My call to BUY at a bounce off 848 should have been a bounce off 850. Go to a 1-minute chart and notice the trend line from the two lows at 09:44 and 10:11. I didn’t see this trend line.
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11:15 | No wave 5 here.
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11:13 | ** STOPPED OUT @ 858 PROFIT -3
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11:06 | Should see move below 850
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11:04 | Sorry for the short notice on that one, but it has been bouncing around the 856 level so I will record the entry @ 855
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11:03 | ** SELL @ market
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10:47 | Looks like we missed this one.
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10:43 | Buy at 850 IF we bounce off 848
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10:41 | I am looking for a bounce off 848 up to 858
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10:36 | If the next bottom is higher than 846, we could be looking at a wave 4.
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10:35 | We are riding a trend line that could take us to 860 by 11:00
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09:54 | 840 support is held.
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09:36 | Major support at 840
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09:33 | Major reversal at 11:00
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09:17 | Do not forget to checkout the chart from yesterday. Use link above.
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09:15 | Outlook: low around 10:30 and a high around 12:00. Most activity should be seen in the morning.
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09:13 | Good morning!
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