TIME | ALERTS | |
15:39 | 1547.50 should be as high as it goes.
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15:39 | Trade #4 -- Stopped out at 1546 [-2]
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15:01 | Trade #4 -- Move that Stop to 1546
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14:59 | Trade #4 -- Sell 1544 -- Stop 1545
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14:57 | Move lower is possible.
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14:47 | Well, the reversal did workout to grab 2 points if I had stayed in.
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14:38 | Trade #3 -- Out at 1543.5 [+1.5]
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14:37 | Moving sideways. Take profit at 1543.5
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14:27 | If the market does start gaining ground in the next 10 minutes, then we have a sideways move which suggests a move lower.
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14:25 | >> see chart
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14:16 | In @ 1542
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14:15 | Trade #3 -- Buy 1542 -- Stop 1541
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14:08 | The 2:15 reversal is looking like an opportunity to nail 3 points or more on an upward move.
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14:06 | The 1:15 reversal worked out for a two point move. Too unclear for me to take a position.
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13:58 | Breakout to the downside. At the reversal time we should see a move back up which should gives the opportunity to short.
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13:46 | Breaking to the upside. I am watching for a reversal down when the 2:15 reversal time is hit.
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13:42 | Bollinger Bands on 1-minute chart getting very tight.
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13:34 | 15-minute chart also in a pennant formation.
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13:33 | Not likely to form a Gartley at this point. I am leaning towards another leg down.
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13:22 | Another pennant has formed with its apex at 2:15. The current reversal had no clear trend leading into it, so I will stand aside.
>> See chart
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13:11 | Looks like it wants to form a Gartley pattern where AB=CD. That would put the next leg up to the 1551 level.
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12:39 | Oops! That was an old chart. Please see new one.
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12:35 | >> Chart update
Reminder that this is expiration week. The markets have been closing up nearly every expiration week for the last 2 years.
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10:02 | So much for shorting the market today. I expect it will hit an all-time high.
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10:01 | TRADE #2: STOPPED OUT AT 1550 [-2]
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09:52 | Trade #2 -- SELL 1549.00 -- STOP 1550
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09:17 | Trade #1: Stopped out at 1549.5 [-1.5]
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08:53 | Sell 1548 -- Stop 1549.50
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