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

 

INTRADAY LOG FOR WEDNESDAY - NOVEMBER 7, 2018

07 Nov 2018 09:18 am
good morning.. The market will open quite a bit higher and should pullback from the get-go

07 Nov 2018 09:22 am
hhaving some trouble with my charts and will be with you in just a few minutes. The 72 area leads to hold at least

07 Nov 2018 09:29 am
market is in a parabolic move higher and needs to hold 78-77 prior resistance and especially 72

07 Nov 2018 09:34 am
with the VIX imploding it's going to be a move to the 82.50-84 area and then needs to hold 78-77 prior resistance as a new support area to avoid turning

07 Nov 2018 09:38 am
82.50-84 area was just reached and is backing away and needs to take out 84 and hold or else could go to or through 78-77. Next resistance up at 92-93

07 Nov 2018 09:40 am
84 area will need to be held above now and could be a high just under 88

07 Nov 2018 09:44 am
a high in place at 87.75 if a drop under 83 especially

07 Nov 2018 09:48 am
if not short already then a short under 84 now and should not go back over that and hold if going to go back down to or through 78-77 area

07 Nov 2018 10:03 am
reached 76.75 so far and can keep going to test or break 82.50-83.50 wished is important area right now

07 Nov 2018 10:05 am
failure at 81.50 and back to a lower low and should be under pressure as long as they hold under 81.50 at the most now and heading to or through at least 72 area

07 Nov 2018 10:15 am
try for the 81.50 area

07 Nov 2018 10:21 am
back up to the 82.75 prior bounce high first time coming down from the high and needs broken and held otherwise come back to or through 75 or more

07 Nov 2018 10:23 am
this pullback holding 76 and has a chance of taking out the 82.25 level and if that happens on the other small pullbacks should get bid up again

07 Nov 2018 10:27 am
this move should not make it back to the high but if it does then be looking for a double top or a 123 top with a lower high being turned down

07 Nov 2018 10:36 am
88 needs broken and held over 86 after that or else could be reversing – if not headed towards the 92-93 area

07 Nov 2018 10:40 am
almost to the 92-93 last listed resistance for today and 2797.50-98.50 area would be next if this goes parabolic without a reaction around 92-93 if reached

07 Nov 2018 10:48 am
with the 92-93 area being reached stalling there needs to be a break under 88-87 soon to leave a top and place and began scanning bounces souls if that happens

07 Nov 2018 10:58 am
with at resistance the VIX bottom that 17.07 and turned up at 10:45 and if it goes above 17.60 it will be trying to breakout higher, meaning prices breakout lower

07 Nov 2018 11:10 am
87 updated support giving a bounce to tests the high area and needs to keep making higher highs and a higher low over 87 now on a pullback to keep upside going and not reversing up here

07 Nov 2018 11:22 am
kind of a double top and only 1 tick over the 2793 resistance so far, and should be hard to Break and hold that resistance and could start a decent pullback taking out 87 with enough momentum it ends up holding under 88-89 after that

07 Nov 2018 11:34 am
bounce from the 88-87 updated support again and needs to take out the 93 high at resistance without coming back down through 91 if it's going tokeep going towards the 97

07 Nov 2018 11:46 am
coming down from a 123 kind of top but still needs to take out 88-87 area in order to get a breakdown attempt, and it should come from the 92-93 area and no higher now that there is a high in place 1 tick above resistance so far

07 Nov 2018 11:57 am
new high over the 92-93 zone and needs to hold 91.50-91 now at the worst before going back up again to or through 97-98 and maybe going over 2800

07 Nov 2018 12:05 pm
2798 has been reached and there should not go more than another 15-18 points before rolling over and starting another decent pullback/selloff. Also with internals strong, could have overbought extremes. Also the VIX down 15% so far and stretched shor

07 Nov 2018 12:10 pm
should hold 93-92 area and not go under and hold below that area now in order to keep this uptrend strong and not come back down towards

07 Nov 2018 12:12 pm
if broken through and held under 93 then 91.50 area where the run-up to go through the 93 high area started getting bid up aggressively

07 Nov 2018 12:16 pm
the ES should continue holding over 94-93 area and if broken then 91.50 area should be important to hold or else keep going to or through 88-87 area

07 Nov 2018 12:20 pm
in case of a token higher high, or another run up that stalls, it should be sold for a small pullbacks at least and if it does not damage the uptrend by bouncing from 94-93 at worst that bounce still possible. If broken and 91.50 not held, then back

07 Nov 2018 12:21 pm
I will update again are around 1:20 after break time, but will update if I am free before then and an update is necessary. At the moment topping out and must bounce from 94-93

07 Nov 2018 12:59 pm
so far we have had a trend up kind of move with pullbacks of 5.75, 5.25 and 4.25 points to the 94.50 level and just over 94-93 updated support

07 Nov 2018 01:00 pm
Need to more than a 4.50-5.50 point pullback that is not quickly turned back up to break upside rhythm to this point which is currently 95.50-94.50 and going higher with higher prices

07 Nov 2018 01:02 pm
however, still can see the higher high be sold for a scalp kind of trade but the bigger trend and momentum stays up unless a pullback goes more than 5.50 points without a quick rebound with 2803 next resistance. 2812-2814 MAJOR, potential breakout ar

07 Nov 2018 01:06 pm
if there is going to be another 4.50-5.50 point pullback then it should come from the 2801 area. Taking out 95.50 now will have a bigger breakdown. Reversal bar and pattern breaking and holding under 98.50-98 area and sticking

07 Nov 2018 01:10 pm
holding 98.50 and running up should mean another new high. That is going to turn into important to hold to a wide the possibility of a move down to 95.50 and maybe more, keeps trend up action going when small pullbacks stall or quickly reverse and th

07 Nov 2018 01:14 pm
with that double top we could have 5.50 point pullback and start of a decent drop taking out 98-97 and then holding under 99 area if a bounce attempt and coming back down again

07 Nov 2018 01:27 pm
the ES is struggling to hold up at the moment, even though it popped up quickly from 97.75 and probably needs to take out that 98-97 area without getting turned right back up in order for this to get turned back down

07 Nov 2018 01:32 pm
still has 2803 to get above after taking out 2801.25 height of the day so far and not make a double top and if a token higher high instead then it should be sold also for a small pullbacks at least

07 Nov 2018 01:33 pm
double top very possible now. Bounces should be sold from here on out as this is getting very extended

07 Nov 2018 01:35 pm
internal gauges should be at or near overbought areas, and so far the VIX dropping to a low at 16.85 a few minutes ago and now starting to reverse, needs to go over 17 and hold to get bigger reversal possibility

07 Nov 2018 01:43 pm
at the moment we have a 123 top with highs at 2801.25 around 1 PM and reversing at 2801 at 1:30 PM – now needs to take out the 97 level if heading to or through 95.50-94.50 area which would break the upside symmetry and sideways/higher uptrend. Sti

07 Nov 2018 01:45 pm
should be a high-end place now by holding under 97.50-98 at the moment. Should not get back over 98 or even see that level if a top has been put in

07 Nov 2018 01:52 pm
97-97.75 should not be reached or broken on a bounce now in order to keep a strong downtrend from the top intact. A 6.75 point pullback so far breaking the upside symmetry and going through 93.50-93.25 area and then holding under 94.50-95.50 if a bou

07 Nov 2018 01:58 pm
93.75-93.25 is a minor area where this can bounce from but if broken then a bigger breakdown underway. Bounce resistance should be around the 97-98 area and should not get over 98 and stick unless headed to test the high which would be sold

07 Nov 2018 02:07 pm
bounce off of the 93.75 new support area taking out 97-98 it needs to hold 97 or else another pop-up should also fail. Look for another pop-up to fail anyhow if there is another one very soon

07 Nov 2018 02:08 pm
test of the high sold and should go much higher before coming down to or through 79-78 area at a minimum it looks

07 Nov 2018 02:12 pm
2803 should be reached and hold 2800 after that in order to keep this going. The 2812.50-2814.50 area is the major area above. If broken, then bigger picture double tops at all-time high area on the S&P 500 cash

07 Nov 2018 02:14 pm
easily holding 2800 at the moment, and where buying started for this last run-up to 2803.75 so far and just above minor resistance, and now needs to hold 2800 area in order to stay very strong and then another push higher if still very strong

07 Nov 2018 02:25 pm
at the moment the ES is going to remain out of trouble holding prior resistance at 2803 and not break and hold under the level after reaching 2800 if that happens. But still is in trend up mode and should hold at or over 2801.50-2800.50 area to stay

07 Nov 2018 02:39 pm
still a very strong trend up move going without a red bar with a lower close than the open on any 5 minute bar since turning up from 94 at 1:55 and heading for the 12-14 area which is a bigger picture major resistance totally unexpected to see today

07 Nov 2018 02:41 pm
very possible getting there if this keeps grinding higher, and especially at this pace. A failure at or under that zone can start another pullback of some sort

07 Nov 2018 02:44 pm
2808 area last resistance before getting to the major area of around 12.50-14.50, and needs to be a high at that level stay at or below that level now to have a bounce in place that will stick for a while

07 Nov 2018 02:48 pm
if they closed right now the internals strong enough for overbought extremes on everything but my RBI oscillator it appears, along with the VIX reversing from double bottom at 16.85.

07 Nov 2018 02:49 pm
2801 area needs held or else has probably gone too far as parabolic finish on the last run-up and quicker pullback should mean some changing character at this top

07 Nov 2018 03:02 pm
if this does not go back up and reached 2808 at a minimum and breaks the 2802-2801 area instead, then the trend up action will be over with. Otherwise this will keep going strong with a shot at 2812.50-2814.50

07 Nov 2018 03:11 pm
a double top in the last hour doesn't happen very often, but doesn't mean it never happens, and odds are pretty good that buyers will back away and only thing to push this higher now would be shorts left to cover, or maybe forced buying this the high

07 Nov 2018 03:14 pm
this is going to try for the 12.50-14.50 area either very late today or in the morning, but it's acting like a magnet getting pulled up to that area and would avoid any shorts unless a scalp trade until the trend turns or a topping pattern is made or

07 Nov 2018 03:18 pm
need to hold 2808-2807 area and not go back under that area and hold for very long or else could be reversing back to the downside. A failure to take out 12.50-14.50 and pullback under 2802 makes this into a top for a while most likely

07 Nov 2018 03:23 pm
I need to cut out a little early today, please read tonight's update, as I will not be doing one on Thursday night or be here until tomorrow around noon (reasons in tonight's update). So,

07 Nov 2018 03:26 pm
so we should be getting a rally to test or break through the 12.50-14.50 area today or tomorrow and if unable to hold for very long then could get a reversal of some sort.

07 Nov 2018 03:28 pm
I will update tonight and then meet you here tomorrow in the morning for a while, so enjoy the rest of your day and I will see you in the morning. Have a good afternoon!

 

INTRADAY LOG FOR TUESDAY - NOVEMBER 6, 2018

06 Nov 2018 09:24 am
good morning. The ES has room to go a bit higher and then be sold again. Should not get over 37 and hold

06 Nov 2018 09:29 am
the ES needs to take out the take out the 37-38 area and hold to begin the day or survive a big shot at

06 Nov 2018 09:32 am
the market can stay in good shape as long as the 38-37 area is held above today

06 Nov 2018 09:41 am
as long as the 43-42 area holds the uptrend stays in tact even if they pullback from 48-48.50 area

06 Nov 2018 09:45 am
poke over 48.50 turn right down but still needs to come down and take out 44-43 area without a good rebound to reverse the current uptrend otherwise headed towards 50.50 and possibly 54-55 area

06 Nov 2018 09:55 am
Econ data at the top of the hour, and the timeframe for a turn and needs to come back down through the 48 area now in order to break the current uptrend and start a decent pullback. Good still attempts 54-55 major area otherwise

06 Nov 2018 10:03 am
we have a reversal bar on 5 minutes chart and now just needs to take out 48 area and holds under 49-50 on a bounce attempt or just told in order to have a reversal attempt but another pop-up is going to be sold

06 Nov 2018 10:04 am
a high should be in, bounces should have trouble holding

06 Nov 2018 10:12 am
the ES needs to get back over the 48 area and hold above or else go back down to or through 44-43 area and probably lower.

06 Nov 2018 10:20 am
feeble bounce rejecting 49.25 and should be a secondary top and out take out the 44-43 area possibly before a bounce attempt, otherwise go back up to 49-50 area and back off again

06 Nov 2018 10:28 am
must take out 49-50 without turning right back down again. At the moment we have a bit of a double top on bounce highs short-term, and topping out under 54-55 for a lower high it appears right now

06 Nov 2018 10:32 am
taking out 45 should keep going to or through the 43 area or more

06 Nov 2018 10:38 am
breakdown and now any kind of bounce will be sold like the others and come down to or through 40-39 area or more

06 Nov 2018 10:42 am
with this bouncing from 42 it should turned down from 45.50-46.50 area if it's going to make another move down to take out 42 area before bouncing again.

06 Nov 2018 10:46 am
should see pullback bought now that the 45.50-46.50 area broken and now it's the 46-45 area that needs held to stay strong

06 Nov 2018 10:52 am
pullback from 49 downside needs to bounce from 45 area or else could test or break the low area before bouncing back up again

06 Nov 2018 10:57 am
has to bounce from above 45-44 in order to have a shot of taking out the 48.50 area and holding if reached

06 Nov 2018 11:02 am
the pullbacks have been quickly bid back up and leaving some tails on the chart

06 Nov 2018 11:08 am
a test of the low for a higher low should be bid back up again by the way that the market has been acting so far and might have just made another pullback low if 44 holds and 47.50 area broken, even if sold again up there

06 Nov 2018 11:19 am
the 47.50-49 area was holding this down and now should hold on a pullback for this to stay strong and not be a back and forth day with more of this kind of action

06 Nov 2018 11:22 am
double top on the ES will prevail, as the Dow finally topped out and is now turning over and if it goes back under 25,543 it should be breaking down, and under 43.50 on ES

06 Nov 2018 11:27 am
the ES turned up from 44.25 and 43.50 is where a breakdown could occur but better yet the 42 area as that would coincide with up sloping 60 EMA on 5 minutes chart at the moment

06 Nov 2018 11:34 am
pop-up rejected at 48 and should not go back over that now and with another bounce from 43.50 it just needs to take out 42 next and then hold under 43.50-44.50 after that to keep pressure on poor a move back towards 38.50 area

06 Nov 2018 11:40 am
ES will need to continue holding under 46-47 at the most, and more important is taking out 42 area and holding under 43.50 area after that in order to get a breakdown attempt. Choppy range bound trade per earlier update continues otherwise

06 Nov 2018 11:53 am
with highs at 51.25-51.75, and pullback lows at 42.50-42, the ES is right about in the middle and needs to either take out 47.50 and not quickly come down or else take out 45 with out immediately reversing back up to break current tiny range and move

06 Nov 2018 12:07 pm
should be making its move back up towards the high now as long as 47-46 holds and not broken through and held below instead

06 Nov 2018 12:10 pm
the way this is moving today, with so far the Dow holding its support and the ES a double bottom of sorts in the middle of today's range, double top attempt on the Dow cash and so far slightly lower highs on both. Could make another push higher if 47

06 Nov 2018 12:18 pm
the ES should be topping out at this can come down through 46 area and not get turned right back up and take out 49 without being rejected. holding 47 leaves the door open to test 49-50

06 Nov 2018 12:21 pm
the ES in the NQ have very similar patterns coming off of the last pullback lows, so keep an eye on that but also the Dow, which could turn the ES down if it leaves its double top in place and breaks and holds under 25,563 now.

06 Nov 2018 12:26 pm
a bounce after going to 46.25 and quickly turning but needs to take out 49 without turning right back down again

06 Nov 2018 12:32 pm
making a move up and holding over previous days close on pullback, is how the ES acted yesterday after going up from 24 pivotal area, eventually breaking out over 34-35. Must hold 42 the rest of the afternoon now and move up towards the 54-55 area po

06 Nov 2018 12:33 pm
the rest of the afternoon now and move up towards the 54-55 area possibility if they break out quickly reversed

06 Nov 2018 12:35 pm
I will be oh way until around 1:25 but will update before then when free and possible. Pullbacks should keep holding and heading to take out the highs and test or break 54-55 by the way it is looking. Must not go back under 46.25 Spike down swing low

06 Nov 2018 01:22 pm
after making a new high at 53.25 the ES came down to 49.75 and needs to break down through that area and then hold at four below 51-52 a bigger drop could be underway

06 Nov 2018 01:29 pm
the lower high at 52.50 at most but should stay under 51 area headed to or through the 47-46 area and if broken then bigger drop that could be double digits

06 Nov 2018 01:32 pm
48.50 pullback low so far and the 47.50 area should be tested/broken on this move down unless headed back up to tests or break 51-51.50 area

06 Nov 2018 01:46 pm
bounces should keep failing now and not the low over 51 or else there could be one more run-up make a higher high around the 54-55 resistance

06 Nov 2018 01:48 pm
however if the ES continues holding above 49-48.50 then a move over 50.50, could cause some shorts to cover. Currently under pressure

06 Nov 2018 01:51 pm
with the quick upturn again from 48.50 again it should be the start of another run towards the highs if 50.50 taken out without a deep pullback after but just a tiny one if it's going to keep going

06 Nov 2018 01:51 pm
with the quick upturn again from 48.50 again it should be the start of another run towards the highs if 50.50 taken out without a deep pullback after but just a tiny one if it's going to keep going

06 Nov 2018 02:00 pm
so far the high is at 53.25, and just below the 54-55 area. And so far lower high at 52.50 and 51.50 at the moment and needs to continue going up through 54-55, or the 52.50 level at least, otherwise topping out up here intraday and on daily if 55 ar

06 Nov 2018 02:01 pm
better to short on these bounce attempts failing around this bounce high and high for the day with a tight stop, as buyers have been backing away up there and not wanting to hold positions now

06 Nov 2018 02:03 pm
any kind of bounce now that stops under the 51.50 area should be sold now. Buyers need to come in at or just above 46 on this move otherwise can keep going back towards the 42 area, likely hold a bit above if it is not reached with strong momentum

06 Nov 2018 02:15 pm
bounce high should be in place at 48.75 area if this is going to have a further breakdown under 46.50 low just over 46.25 low around 12:20 and heading to or through 43-42 holding under 48.75 and breaking/holding 43-42 area

06 Nov 2018 02:17 pm
keep a stop just above 48.75 prior bounce high as that should not be tested or broken if this is going to keep going to or through 43-42 area maybe more if broken

06 Nov 2018 02:21 pm
the ES now should hold below 46.50 at most on the way to the 43-42 area and possibly break through that area

06 Nov 2018 02:24 pm
should hold under 46.25 at most to keep pressure on to get to the 43-2 area or lower. But if that is taken out then a low might be in for just a little while anyhow

06 Nov 2018 02:25 pm
I will be back in about 10 minutes or so

06 Nov 2018 02:34 pm
43-42 area was easily broken through on the way to the 37.75 an support zone for the day session and looking like it could be a major area to hold and needs to get back over 42.50 area and hold 42 after otherwise further breakdown still coming

06 Nov 2018 02:49 pm
this move has come up far enough where it can make a move back towards the breakdown area or a little lower, but around 48.50 possible before backing away. Currently uptrend until taking out 41.50 area

06 Nov 2018 02:53 pm
to go back towards the low this is as far as a bounce should go and should take out the 43-42 area on the way down

06 Nov 2018 03:01 pm
on the way to tests the low area or make a higher low and turn back up is a possibility. But unless there is a move back above 44.50-45.50 the can stick this is vulnerable for another decent pullback

06 Nov 2018 03:06 pm
I am going to need to be away for about 10-15 minutes in case I disappear any time now. Anyhow, it has been a two-sided day and doesn't look like the market will hold at higher levels, but another dip will be bought if there is one. Probably can go

06 Nov 2018 03:20 pm
so far the ES has bounce from the 37.75 initial support starting at 2:30 PM made it to 47.50 so far, and there could be a move higher until the last 10-20 minutes of stock trading, however must take out 47.50-48.50 or else roll over instead

06 Nov 2018 03:30 pm
in the last 30 minutes the ES will need to continue holding over the 44.50-44 area at the worst without popping right back up to keep this moving higher –instead of a late day reversal possibility if that zone is broken and then held below

06 Nov 2018 03:32 pm
have a nice rest of your day. I will meet you here tomorrow before the open, so until then, take care!
 

INTRADAY LOG FOR MONDAY - NOVEMBER 5, 2018

05 Nov 2018 09:17 am
good morning. There is going to be a flat open and unless the ES gets over the 28.50 area comfortably and can hold up, not hold under and quickly back down

05 Nov 2018 09:26 am
overnight went to 12.75 low and reached a high at 29.50 and needs to go back under 20.52 leave a topping of place up here it appears. Would need to take out 27.50-28.50 and not come back down under 25.50-24.50. Going under that zone can turn early tr

05 Nov 2018 09:28 am
I will update about 10 minutes after the open this morning but needs to take out 28 area and hold over 25 at the very worst it looks to be out of trouble for a bit before reversing

05 Nov 2018 09:33 am
should be a top coming back under 25.50-24.50 area and not going back up over 28.50 and holding. Uptrend intact unless/until broken and held

05 Nov 2018 09:36 am
pullback holding and turning up from over support and taking out 28.50 and should hold 28.50-27.50 to keep going to or through 34-35 next

05 Nov 2018 09:38 am
needs to hold under 34-35 and come back down through 28.50 in order to have a high and place for a bit at least and possible reversal only if breaking back through 26.50 area and holding under 28.50 area

05 Nov 2018 09:41 am
selling into strength than should come back down through 28.50

05 Nov 2018 09:43 am
top was just under the 34-35 area so far by 3 ticks and should not break and hold over 330-31 now

05 Nov 2018 09:46 am
top should be in for a while if this keeps coming down through 24.50-24 and not get turned right back up with some good momentum back over at least 28.50-29 and stay up there or more downside coming

05 Nov 2018 09:49 am
28.50-29 should be a pivotal area and needs to take out 29 and hold 28 after else another push lower to or through 24.50 area possible and may be more

05 Nov 2018 09:55 am
pop-up sold at 30 and coming back down again and will need to take out 24.50 area and not have a strong bounce take out 30 or else topped out. If 30-31 is broken and held then another run up could test or break 34 resistance and token higher high –

05 Nov 2018 09:59 am
must take out 24.50 high area and closing range area from Friday and not come back up over 27.50-28.50 area and stick after that

05 Nov 2018 10:06 am
24.50 broken and should stay under pressure holding below the 26 area to go to or through 18-17 (not listed but is support) if going to even try for anything around the 13-12 area

05 Nov 2018 10:14 am
18-17 reached and needs to go through the 24 area and hold above that in order to have a turnaround on the upside from this area otherwise continue towards 13-12 next

05 Nov 2018 10:18 am
but they low at the 17.50 level and in the middle of the 18-17 zone it can be broken as long as the 21 area is held below and not broken above and able to hold around that area on a dip or else a shot at the 23-24 area or more before another pullback

05 Nov 2018 10:21 am
should be sold into if another pop-up or or hold under 21-22 area

05 Nov 2018 10:27 am
bid up from page tests of the low but will stay under pressure as long as it's holding under 21-22 area. A move back above that area could start run-up to or through 24, but breaking support could mean going towards 13-12 area

05 Nov 2018 10:32 am
21-22 taken out and holding at the moment and will need to continue holding that area to stay strong and though to around 29-30 or more now

05 Nov 2018 10:33 am
if that area is not broken then another pullback of some sort probably to around the 24 area which can be pivotal in here

05 Nov 2018 10:38 am
to get another run up it needs to come from above 22 otherwise might the to much and then another bounce was likely fail. 24 should hold now to avoid another push lower to or through 22

05 Nov 2018 10:42 am
the Dow caash made a double top at the moment with the ES turning down from 27-27.75, while the NQ is a different animal today with it trading under Friday's late high and down all morning. Must hold 23-22 on ES

05 Nov 2018 10:47 am
bounce from 24 new pivotal area spiked up to 28.25 so far and 29 is resistance there that should be sold on another pop-up otherwise needs to break 24 and not turn right back up to get back in breakdown trouble began

05 Nov 2018 10:57 am
chopping its way higher with some quick pullbacks being bid back up again and should continue holding over 23 in order to keep uptrend going and now taking out 30 without turning right down has a shot at the high and possibly 34-35 token higher high

05 Nov 2018 11:03 am
should be just a small pullbacks that take out 27.50 before going up again to take out double top and test or break through 34-35 area if it's going to

05 Nov 2018 11:12 am
34.25 resistance poked into and quickly turned away and unless broken and held above seven we should get a pullback of some sort that could the reversing this 28-27 broken below and not quickly turned back up

05 Nov 2018 11:19 am
coming down from the high at 34.25 resistance holding under 31-32 area at the very most, or especially breaking 28.50-27.50 area and holding under 29 after that then especially

05 Nov 2018 11:28 am
reached 27 and need to hold under 31 to keep pressure on from this prior resistance/new support area and if broken and then 25-24 area, 24.50 pivotal area, could be tested or broken

05 Nov 2018 11:34 am
24.75 reached so far and should be a bounce but will need to go back over 31 without turning right back down in order to test or break the highs and not make a lower high and come down to break 24.50-24 and then 22 a minor area before the 18-17 updat

05 Nov 2018 11:43 am
should either make a high around 30-31 area or lower or else a test of resistance if broken before coming down again.

05 Nov 2018 11:56 am
running back up from the 24.25 pivotal area and has 31 two break and hold over 28 on a dip and turned back up in order to have a shot at the high again. 24.50 area still pivotal must hold area

05 Nov 2018 12:05 pm
is going to need to hold around the 29 area or else a chance it could go back towards 24 again

05 Nov 2018 12:15 pm
The ES poked down to 27 and quickly turned up and unless that is reached again and then held under 28.50 we should get the move to or through 24 pivotal area

05 Nov 2018 12:20 pm
pop-up sold into and should be headed to the 24 area now where it is pivotal support to hold and bounce from in order to avoid what could be a decent pullback before bouncing again. Very much two-sided herky-jerky action

05 Nov 2018 12:23 pm
I will be back around 1:20 but will update before then if possible ASAP. Looks like buying dips over 24.50-24 at the very lowest as breaking to that area can mean breakdown of some sort

05 Nov 2018 01:01 pm
the ES came back down to the 24.25 support/pivotal area and needs held and take out 28 area and stick now otherwise the door is opened for a move back down to or through 24 and 22.50 is next and then 18-17 low area and early updated support area

05 Nov 2018 01:39 pm
prob w audio need 10 15 min 24.25 and25 held so 34-35

05 Nov 2018 01:55 pm
with the ES polling back to the 24.25 pivotal level and then a spike reversed up quickly from 25 and has been grinding higher until this last Sprint from 28.50 up to 33 so far and 34-35 area should be tested and may be broken on this move

05 Nov 2018 02:09 pm
double top/123 top made but needs to at least break under 29.50 and hold under 30.50 at most in order to start a breakdown from this high area, although it could be reached but rejected if so

05 Nov 2018 02:17 pm
31 need held

05 Nov 2018 02:24 pm
breakout over 34-35 as the ES up to the 40.50-41.60major area that should be cleared next and will need to stay up there if it is broken otherwise can pullback towards 37-36 possibly

05 Nov 2018 02:30 pm
backing off a couple of points so far from the 40.50-41.50 major area to clear and hold over today but should retest or break through that that zone in the next few minutes otherwise come back towards 38 and if broken then the 35-34 area will need to

05 Nov 2018 02:35 pm
if you are short with a stop on the other side of the resistance zone, then you are with me and needs to take out the 40.50-41.50 area and not get turned right back down from up here at this major area today or else a pullback could come down through

05 Nov 2018 02:36 pm
a stall at resistance setting up a decent short against this strong uptrend and should hold that the 35-34 area if it gets hit with decent selling but most likely will hold at or over the 37-36 area

05 Nov 2018 02:40 pm
bouncing from 37.25 and 37-36 needs held to get a test of the high at resistance and potential to break through if a run-up gets momentum

05 Nov 2018 02:50 pm
a run-up from the 37.25 new support area made it to 43.75 new high and backing away and will need to hold around 40.50 area and bounce back otherwise could keep on going to or through 38.50-37.50 area, which would leave a top in place if a break unde

05 Nov 2018 02:58 pm
tiny little double top and still needs to hold around 40.50 now or else could break the 38-37 area and cause a decent pullback if that happens. Otherwise, with pullbacks being small and grinding higher, market still strong holding 40.50

05 Nov 2018 02:58 pm
some signs of this finally getting top-heavy. Another pop-up should be sold now

05 Nov 2018 03:00 pm
test to hold 40 and make a move up over 44 area, if the upside is going to keep grinding higher and not have a pullback of some sort underway from the high already

05 Nov 2018 03:02 pm
38-37 target size support to break through taking out the 40.50 area without an immediate turn back up

05 Nov 2018 03:09 pm
back up to tests the high on a bounce from 39.50, which it wasn't under 40 very long and should not go back under the again without another quick up turned

05 Nov 2018 03:17 pm
after trading in a range from the 17 low around 10:25 and the 34.25 high at resistance at 11:05 until breaking out around 2:15 and has been going "trend up" since then with to pullbacks be calling 3.75 and 4.25 points so there should not be more than

05 Nov 2018 03:19 pm
although it's doubtful that we have a 35-50 point and of day reversal. The ES needs to keep going down through 37 area and not bounce back and especially the 34 prior resistance that was holding, otherwise a chance of a rebound from lower levels

05 Nov 2018 03:21 pm
the Dow needs to take out a pullback and reversal low at 25,460 area just below and the ES take out the 37 area without a rebound in order to keep pressure on

05 Nov 2018 03:23 pm
37.75 has been reached and now would need to hold and start a run-up over 40 otherwise looks like a chance for a break through 37 not quickly turned up opens the door to at least make a poke down to the 35-34 area with a possibility of keeping ongoin

05 Nov 2018 03:24 pm
bounce attempt should hold at or under 39-39.50 area now and not go back over 40 otherwise downside momentum lost

05 Nov 2018 03:29 pm
bounced failing a bit after reaching 36.75. 32-31 is or some buying came in to start the breakout over 34 and after this bounce, if it fails under 38-39, should come back down to test or break the area before another bounce or breakdown, but likely a

05 Nov 2018 03:31 pm
a breakout over that area probably erases too much momentum for the ES to have another nosedive, but if it's going to pullback again then it probably needs to hold under the 38 area at the most. That allows it to go back to test 31 and if broken 28-2

05 Nov 2018 03:32 pm
in the case of a bigger breakdown than that 24.50-24 area is pivotal, especially on a daily basis it appears today.

05 Nov 2018 03:34 pm
Have a great rest of the day! and after you read tonight's update, I will meet you here in the morning. Take care!

 

INTRADAY LOG FOR WEDNESDAY - OCTOBER 31, 2018

31 Oct 2018 09:22 am
look for a pop and drop on the open and should go though higher than 38

31 Oct 2018 09:23 am
that should be no higher than 18 to begin with

31 Oct 2018 09:32 am
needs to hold 10 at worst now otherwise could be breaking down

31 Oct 2018 09:34 am
should be a high in place for a bit and not get back up to or through the 16 level again and be able to stick

31 Oct 2018 09:38 am
still should be a high for a bit and pullback to around 2705 it looks at the moment

31 Oct 2018 09:41 am
appears that a pullback that turns up from 2708 at the most or hold above that keeps this in an uptrend and not have a breakdown just yet

31 Oct 2018 09:45 am
having a sizable gap up open, should have a turn occur in the first 20-40 minutes but stays bullish right now as long as 16 is not broken under and held

31 Oct 2018 09:48 am
topping pattern of sorts if a break below the 14.50-14 area that holds under 16.50-17 after

31 Oct 2018 09:54 am
poke down to 13.75 and turned right back up but should have a hard time getting over 18 and holding and still can be a top especially taking out the 2712 level and then holding under 14-15. Otherwise could go for the 22.50-24 area if 18 broken/held w

31 Oct 2018 09:57 am
popped over 18 but not held yet and needs to break down under 16 and hold or else will avoid taking out the 13-12 area that should be important support

31 Oct 2018 10:00 am
need to hold 18 area on a dip and should be difficult taking out the last listed resistance at 22.50-24 area just above here and not reverse otherwise could be topping in this timeframe

31 Oct 2018 10:06 am
22 rejected and a break back under 18 that holds should mean a high-end place but in any case another pop-up should be a short at or under resistance and can breakdown if 18 taken out and held below

31 Oct 2018 10:09 am
top should be in even if 18 is not held below with a reversal bar on the 5 minute chart, has another pop-up should be sold at or under the high.

31 Oct 2018 10:15 am
market will be showing weakness if it cannot get back above 2719 without turning right back down

31 Oct 2018 10:19 am
bounce off of 16.50 making a move back up to 22.50-24 last of the listed resistance before the 27.75-28.75 area, should have a hard time breaking that area and holding unless superstrong, which it is at the moment and getting short-term parabolic

31 Oct 2018 10:24 am
this is going to continue grinding higher holding over the 22 area now. Going straight up and should/must not go back under 22 and hold under that area to stay in a good uptrend to or through 28-28.75

31 Oct 2018 10:29 am
big picture major area up at the 32-34 next if not reversed down from 27.75-28.75 and break and hold under 22 area will reverse current uptrend at least for a while

31 Oct 2018 10:37 am
the ES took out the 22.50-24 last listed resistance and then held that 24.25 on a dip and turned up again and took out the 27.50 high on the way to a new high 29.25 so far and 32-34 possible only if 24 holds and takes out 30 with some momentum. Takin

31 Oct 2018 10:43 am
the upside is stalling out in a pullback of some sort should occur if 30 is not taken out soon or if 25-24 broken

31 Oct 2018 10:48 am
the upside stalls out and then the last pop-up tested the high and was rejected immediately so a high should be in place for a while and come back down to or through the 22 area and should go much further or else 18 would be next

31 Oct 2018 10:53 am
need to hold under 22.50-23.55 highest after getting to or through 18 area where the bounce should come from or else keep going to test or break 14 major area now

31 Oct 2018 10:58 am
best sign of a top or a while and has done everything so far except take out 18, and going back over 24 and not being rejected leaves the door open to make tests of the high but doubtful at the moment

31 Oct 2018 10:59 am
a hold under the 22-22.50 area needed to have a chance of taking out 18 area

31 Oct 2018 11:08 am
those first signs of a top finally will have another nail in the top if this goes back under 14-12 area and stays under that area to. Taking out 14 can put added pressure on, especially holding under or at the 19-20 area

31 Oct 2018 11:11 am
needs to take out 22.50 otherwise still is bearish and going down through 14-12 area needed, to get additional downside if it happens before getting to/through 21.50-22.50 without turning right down

31 Oct 2018 11:15 am
13.75 reached and popping right back up again but still can take out 12 by holding under 17.50-18 at most, and can get out of trouble getting over 20-22 area

31 Oct 2018 11:22 am
to get better bounce, it needs to be from the 13.75 low just under the 14 support and take out 20 and stick and then 22.50 after that

31 Oct 2018 11:32 am
stalling and turning down at 24.75 but needs to break 22, which is becoming pivotal, to get their move lower and test or break 18 again

31 Oct 2018 11:36 am
should be testing or breaking the 14 area again if this keeps going down through 18, or hold under 20 to keep pressure on

31 Oct 2018 11:39 am
back to them bearish action with these stalls and rejections making for good set ups with turns at tops of bounces. Now it needs to do some technical damage by breaking through 14-12 which would flip this to being in some trouble again if broken/held

31 Oct 2018 11:42 am
another failure as bearish action continues headed towards 14-12 and if 12 is reached then holds under 14-15 especially, bigger breakdown underway.

31 Oct 2018 11:49 am
ES so far held in the middle of the 14-12 new support and potential bigger breakdown area giving a bounce that should fail and then see if it holds on a retest, or goes under 12 and holds under 14-15 at most before going down again

31 Oct 2018 11:55 am
12.75 pullback low turned up and retest at 13.50 turned up quickly also and holding the 12 area keeps this from possible breakdown, and down should holds under 20-21 if there is going to be a chance of going back down there again, or at least to the

31 Oct 2018 11:58 am
bounces keep failing like prior bearish action before breakdowns and should be a breakthrough 12 at some point if this kind of action continues and holds under the 20 area for now.

31 Oct 2018 12:01 pm
this will be the first time all month that we have back-to-back up days for the S&P 500 cash. And best and 2 1/2 years

31 Oct 2018 12:02 pm
pop-up failed under 20 again and this time should take out 12

31 Oct 2018 12:02 pm
but whatever the case it stays bearish and prone to break down as long as 19-19.50 is held below at the very highest

31 Oct 2018 12:07 pm
broke down to the 2708.25 levels so far and 2706.25 is the day session low made about 5 minutes after the open and holding under 14-15 Most on a bounce takes it down to or through 2706.25 next push lower

31 Oct 2018 12:11 pm
I will be away until around 1:15 roughly, but will update ASAP if necessary if/when I am free. at the moment 14 area needs held under in order to keep a good downtrend going

31 Oct 2018 12:58 pm
after coming down to the2708.25 pullback low and test of the early low that ES has been in a stairstep type of move higher and now will stay out of trouble as long as the 22-20.50 area is defended on a pullback from around 27-28

31 Oct 2018 01:12 pm
2733-34 is the next important resistance to clear and be strong enough to hold up there more than 5-10 minutes before turning down

31 Oct 2018 01:18 pm
the 38% retracement from the all-time high at 2944.75 to the 2603 low is at 33.50 area, but it's just a static number but also has chart resistance around that same area, and should help make it harder to get through/hold so pullback from here a good

31 Oct 2018 01:18 pm
however trend and momentum both are up and will stay that way as long as the ES does not go back under the 26-25 area now, and then 22 again would be pivotal if reached

31 Oct 2018 01:19 pm
next resistance over 33-34 is at the 38 and then 42-43 areas. The latter should be maximum for this move, if it's not around the 33-34 area

31 Oct 2018 01:30 pm
topping out again and needs to keep coming down through 25.50 area without getting turned right back up again if the downside is going to keep going and not bounce back towards the highs instead

31 Oct 2018 01:31 pm
it is 25.50-25 that needs held, and should be broken if this holds below 28-28.50 at most and turns down again throug 25.50-25 area

31 Oct 2018 01:44 pm
with this pullback bouncing from the 22.50 level, it's going to be pivotal again and if broken under and then held below that ES should go to or through the 20-19 area. The rebound should be strong enough to break the high and touch 33.50-34.50 if no

31 Oct 2018 01:48 pm
32.50 just a token higher high so far and will need to bounce from around 28-27 at worst if going to have a chance for another pop-up that should be sold also around the 33.50-34.50 token higher high area

31 Oct 2018 01:52 pm
could bea high in place if the VIX dropped a bit further under 21.13 and then gets turned up and takes out 21.22-21.24 area.it already made its strong reversal from the low coinciding with the top, and the high at 22.56 being reversed at 12:05 coinci

31 Oct 2018 01:56 pm
it reached 21.07 and needs to go back over 21.24 now just to give the red flag, start a reversal of some sort. with the double top right around what should be important resistance, could go back to test 22.50 pivotal area again by breaking/holding un

31 Oct 2018 02:04 pm
pullback quickly reversed up again from 25.50 back up to the highs, should get to the 33.50-34.50 area before backing away, or have further breakout possible, if not quickly turned down and takes out 25.50 area

31 Oct 2018 02:07 pm
there should be buyers on another pullback as long as it holds over 25.50. Should hold the 30 level mouth to avoid pullback to or through 28-27 area and possibly down to the 25.50 area for more if downside has momentum. Should hold and get it back up

31 Oct 2018 02:13 pm
with all of the averages having upside momentum and bouncing back to new highs after the 21 point pullback. A pullback from 33.50-34.50 likely but it could be a small one before going up again

31 Oct 2018 02:14 pm
34.50 with a small rejection but needs to at least break and hold under 32 area to get any thing going on the downside at all

31 Oct 2018 02:18 pm
breaking out over 33.50-34 with some gusto also. Getting parabolic and headed towards 38 area and the and 43-44 very important resistance to clear and hold on bounce back to hold under some major resistance bigger picture at the moment

31 Oct 2018 02:20 pm
should be topping out up here this afternoon, or pullback of some sort as I doubt that we get back to back rallies with the ES closing on its high. Backing off from 37 so coming down under 33 kid mean reversing and pop-ups are going to fail for a bit

31 Oct 2018 02:24 pm
has to continue holding 32 and not go under that level and then hold under 34 after that or else the ES would be having a break down of some sort. Also another pop-up should be sold into four another pullback of some sort, several points at least and

31 Oct 2018 02:29 pm
pullback should be over and on his way to a new high from 31.25 and if a new high is not made then it could go a couple more points before topping out and polling back at least several points after that

31 Oct 2018 02:30 pm
if there is a lower high, then a reversal that takes out 31.25 should mean bounces are going to continue failing

31 Oct 2018 02:32 pm
so far a lower high reversed down from 34.75 but still holding at 32 so far and should go through 31.25 next if bounces are going to be failing and bounces sold are pullback before any kind of bounce attempts

31 Oct 2018 02:34 pm
look for another run up to around the highs or a little lower to be sold if the ES is going to see some weakness by coming down under 31.25 or more.

31 Oct 2018 02:41 pm
if the ES can bounce off of 20 EMA on 5 minute day session chart for the fourth time and keep going up that it could make a new high like the other 3 did after bouncing from that dynamic support today

31 Oct 2018 02:49 pm
the ES just rejected 35.75 which is just above 1 point under the high and just now came down to 29.75 and at the 20 EMA again and should not bounce much before more downside to or through at least 27.75 and possibly headed towards 23-22 pivotal area

31 Oct 2018 02:52 pm
any kind of bounce off should be sold into. The VIX turned up from 20.84, short-term overly bullish, and turned up and should not get another bounce to the high, but for resistance at 32.50-33.50 area

31 Oct 2018 02:56 pm
bounced about halfway back so far, and if the ES DOES get back to test the high, it should be sold again but as long as a pullback holds this 28.75 swing low it will avoid reversing and stay in a range or have a stronger rally back

31 Oct 2018 02:59 pm
so far today the ES has not spent much time over the 34.50-35 area, having fairly quick reversals other times up here, so will need to keep going to the high but likely is sold anyway if it does

31 Oct 2018 03:01 pm
at the moment holding 31 keeps this strong and from breaking down and that number will come up if there is a higher high which likely is sold as soon as it pokes above

31 Oct 2018 03:09 pm
topping out again and will be at least a couple of point pullback before a bounce attempt and breakdown if this comes down through the 28.75 low

31 Oct 2018 03:09 pm
headed that way

31 Oct 2018 03:13 pm
should see bounce attempt fail either under 33 or 34.50-35 area at most to keep downside from the high going to towards 28.50 area or more at the end of the day. Otherwise stay in this trading range with a chance of popping the top one more time than

31 Oct 2018 03:17 pm
36 reached and that is where the breakdown before it came from and should hold at or below that area or else breakout Tuesday token higher high instead that should be sold into, but hold after another quick pullback, trying to stay in a trend up mod

31 Oct 2018 03:21 pm
that should be about it for the upside as bounces are going to keep failing if there is another one, most likely, however the pullbacks are also being bought and this one will not most likely and could be going for a breakdown instead. Just starting

31 Oct 2018 03:22 pm
looking for this move to go to or through the 26.50-25.50 and if broken then keep going to or through 22 pivotal area, he support to hold on the way down else 18 and then 12 areas next

31 Oct 2018 03:27 pm
just look for bounces to be sold, as there could just be another breakdown that keeps going to or through the 22.50 area as my target and below that for further breakdown which could be one of those large moves again to can keep partial position

31 Oct 2018 03:29 pm
in the last 30 minutes the ES needs to hold the 22.50-22 area and bounce back above the 30-31 area and stick in order to avoid late day trouble.

31 Oct 2018 03:34 pm
have a great rest of your day. Check out tonight's update, as I need to be away parts of tomorrow, but I will meet you here in the morning with a quick comment around the open. bounces fill failing on the way to or through 22.50-22 – take care!

31 Oct 2018 03:53 pm
stay partially short after the ES came back to the 2712.25 levels so far, there can be a bounce but this could go to the 2689 area and fill the gap if it is truly week and coming back down to make 50-70 point drop like others not impossible. Should c

31 Oct 2018 03:54 pm
Should close under 22 senses bouncing off of the 2712 support and should close at or under 12 if going to finish poorly

31 Oct 2018 03:54 pm
that's all. Reed tonight's update. Take care

 

INTRADAY LOG FOR TUESDAY - OCTOBER 30, 2018

30 Oct 2018 09:16 am
the ES is going to open a little bit lower it appears and should bounce off of 32-31 to be okay

30 Oct 2018 09:17 am
I will update a little bit after the open

30 Oct 2018 09:31 am
ES will need to bounce from 32 or higher to avoid some early trouble and try taking out the 42-44 area and stick

30 Oct 2018 09:34 am
ES asked to take out 48 area and hold 45 and go back up from there otherwise it still under some pressure

30 Oct 2018 09:38 am
47.25 high so far and holding under 48 so has some pressure on and would need to get over 44 and stick to get a bounce of some sort instead of heading towards 32-31 area which was just reached a little bit ago pre-open

30 Oct 2018 09:44 am
44 and 48 taken out on the way up to the 56.75 high so far and the move should stop at or below the 62.50-64 area in order to have the door so open for another decent sized pullback

30 Oct 2018 09:49 am
I will be away until around 1030. My apologies

30 Oct 2018 10:37 am
please accept my apologies. I had a small emergency had to leave quickly. Now that the ES has run-up 63.50 point, very close to the last 3 huge bounces its and sell off mode and should come back to 48.50 area taking out the 52 area

30 Oct 2018 10:40 am
a bounce should hold under the 61-61.50 breakdown area, and sold on a bounce under that for another leg down that could be a decent one again. Although maybe not 80-100 points

30 Oct 2018 10:45 am
made it to 48 and heading for the 44 level and if broken then the 37-36 early low area would be next

30 Oct 2018 10:50 am
with the bounce from 46.50, need to get that above 56.50 with momentum and then 61.50 area without getting turned away in order to get upside going and not just be a failed bounce attempt

30 Oct 2018 10:54 am
56.50 reached and turned down from 56.75 and should come down through 44.52 the 44 area and it that doesn't hold 37-36

30 Oct 2018 11:01 am
still holding under 56.50 but needs to take out 46.50 soon to go to or through the 44 area and if so then 38-37 could be in the cards

30 Oct 2018 11:06 am
the quick upturn from 45.50 getting bid back up and needs to take out 57-58 with momentum to go through 61-61.50 and not get turned right back down from out that that area

30 Oct 2018 11:12 am
backing off from 59.75 as it went right through 58 but not get to 61-61.50 where the ES needs to get back above otherwise remains vulnerable for another drop of some sort

30 Oct 2018 11:17 am
should break 45.50 and test or break 44 area before bouncing after being down here 3 times, and coming down from just under 61-61.50. A bounce should stop around 56 to keep good pressure on

30 Oct 2018 11:24 am
trading in another range that is fairly wide between 60 and 46 and selling the pop-ups so working better with cover a little above the low of this range

30 Oct 2018 11:31 am
should only have small pullbacks hold at or over 58-56 area now that the ES is about to test its high, which could leave a topping pattern again if a pullback and then bounce to a lower high is turned back down again

30 Oct 2018 11:33 am
with 61 holding after being broken a move back over 66.50 that sticks is needed now to get to or through the 72 area

30 Oct 2018 11:44 am
ES is going to need to continue holding 61.50-61 in order to keep uptrend and not reversed back to the downside and go to or through 58-57

30 Oct 2018 11:50 am
with the ES holding 61 and taking out the 69.25 high it's up to testing its high at the moment and needs to hold 69-68.50 area otherwise could be reversing or a bigger pullback if 64.50 and especially 61.50-61 is broken

30 Oct 2018 11:51 am
this is how many of the tops have been made lately and should be a pullback of some sort at least from the double top at the moment

30 Oct 2018 11:54 am
should keep coming down and take out 63.50-62.50 area and holds under 64.50 after that in order to have a bigger break down from the second top at 73.75. Should go through that

30 Oct 2018 11:59 am
10 point drop in just over 5 minutes so far and should hold at or under 68 area and especially the 73.75-75.25 area

30 Oct 2018 12:08 pm
the bounce from 58.50 will need to take out 73.75-75.25 otherwise turn back down and come down to or through the 58.50 area which would likely mean a move back towards the 26th 50 area if that happens.

30 Oct 2018 12:14 pm
failed bounce attempt at the moment however will need to holds under 66 come down to break under 58.50 if that is going to happen

30 Oct 2018 12:16 pm
took out 58.50 and should mean that another bounce should fail at or under 68.50 if there is going to be further downside to tests or break 54 area possible

30 Oct 2018 12:19 pm
bounces should fail up at the high area if reached again, as it would take a strong move up with good momentum to take out the highs without reversing soon after that. Will need to stay above 54 to have any chance of getting up there

30 Oct 2018 12:20 pm
I will be oh way until around 1:20 but will update if possible ASAP.

30 Oct 2018 01:04 pm
the ES had another breakdown and is testing the low oh the prior pullback in bottom of a range at the 46.50-45.50 area and needs to keep coming down through the 44-43 area and stick under 47-48 and go back down from there to get a bigger breakdown. S

30 Oct 2018 01:12 pm
nice example of a stall at the last top. And so far polling back from 53.75 bounce high and close to breaking down through 45.50. Keep an eye on the Dow cash as it needs to keep making "red bars" with a continues steady pullback to keep this potentia

30 Oct 2018 01:19 pm
a quick reversal back up from a token lower low 1 point under the prior low, instead of a breakdown like we would have gotten yesterday. We should continue two-sided action and this bounce could go to either 54.50-55.50 before reversing or possibly t

30 Oct 2018 01:25 pm
turned down from 55.75 in just under the low of the higher range this had been trading in at 56.25 as the low of the range, and holding under 55.75 area on another pop-up keeps is bearish and under pressure to come back down to test or break lows are

30 Oct 2018 01:28 pm
needs to have more than just a 5 minutes bounce, or more than a 5 minute pullback,to break this little range between the low and 55.75-56.25 at least

30 Oct 2018 01:29 pm
it still bearish though under 56 area and shouldn't get back up that high, let alone stick up there now but should breakdown due the low per earlier update

30 Oct 2018 01:39 pm
ES will need to keep holding over the ES will need to keep holding over the 40-39 area which is about 50% of the way back down from yesterdays low to today's high but pressure will stay on holding under 48 and should break that area going for possib

30 Oct 2018 01:46 pm
if thisrun-up goes much further without any pullback then it's going to leave a low and just above the 50% retracement from yesterdays low to today's top and begin to get bought and dips above the low. First must take out 2654.50 without turning righ

30 Oct 2018 01:46 pm
if thisrun-up goes much further without any pullback then it's going to leave a low and just above the 50% retracement from yesterdays low to today's top and begin to get bought and dips above the low. First must take out 2654.50 without turning righ

30 Oct 2018 01:52 pm
should pop back up from around the 51-50 area and go back up through 56 to get another little leg up going at least

30 Oct 2018 01:53 pm
stalling out a bit and currently bearish under 56

30 Oct 2018 01:56 pm
showing some small rejection on this pop-up to the 54.75 level and holding under 55 should keep some pressure on to test or break under the 50 area soon

30 Oct 2018 01:59 pm
if going to take out the 50 area is going to need to do so soon otherwise headed up to test or break over the 55 area instead

30 Oct 2018 02:04 pm
the ES bottomed out at 40.50 and held the 50% retracement of the 72.25 point rally to the high so far today, but bounces I have not been sticking and this pullback from the move up to 60.50 is coming back down, should have new support to hold at four

30 Oct 2018 02:07 pm
came down easily from 60.50, so needs to hold this 52 area and have the strength for a bounce but should not continue moving up and take out 60.50 but instead a deeper pullback coming most likely

30 Oct 2018 02:10 pm
need to bounce back over 56 again, but this time hold over that area. Otherwise it stays under pressure and in bearish position for a move back down but should not take out 40.50-39.50 area without turning up quickly after that, otherwise in another

30 Oct 2018 02:20 pm
ES attempting to bounce from the 46 pullback low however showing some rejection again and needs to take out 52.50 at least otherwise could continue down to 46 and go for the low area at 40.50-39.50 area instead

30 Oct 2018 02:26 pm
even if this bounces fail also it should be bought on the next pullback as long as it holds at or above the 52 area at most, otherwise it could keep coming down to around 50 and if no sign of a turn then possibly back to or through 48-47 is set up bo

30 Oct 2018 02:27 pm
I need to be away about 10 minutes or so and will update ASAP. At the moment it looks like buyers have the upper hand, although after one more good run-up should be sold again

30 Oct 2018 02:40 pm
after a quick rebound from 47.50 the ES bounced back to the 57.50 prior high and is backing away again. This is very very choppy action and at the moment needs to hold the 47.50-46.50 area to keep in a range where it stays away from trouble.

30 Oct 2018 02:41 pm
my apologies that I need to be away on a phone call for about 10 minutes at most hopefully. Very choppy action, another pullback should be bought and it should take out 58 and not turned down if going higher, otherwise remains vulnerable for another

30 Oct 2018 02:56 pm
the ES had a breakout higher from the range it was in and went up to the 66.50 level so far and a pullback is likely to be bought again and make at least a token higher high with a chance at a test of the the high

30 Oct 2018 03:01 pm
coming down from lower high so far and will need to keep on going down under 61.50 and hold under 62 area after that. If the ES holds over this area around 64 and goes up, then could try for the high instead. Depends on taking out 64 and 62 and stick

30 Oct 2018 03:05 pm
needs to run up from this pullback low to a higher high with some gusto, otherwise it will likely fail and come back down to or through the 58.50-57.50 area

30 Oct 2018 03:09 pm
so moving higher but not enough momentum to take out the 71 bounce high at the moment unless able to hold around 55-54 area and not much more than that

30 Oct 2018 03:09 pm
54 touched and quickly turned up and will need to hold now to keep the site going

30 Oct 2018 03:12 pm
made it up from the 54 updated support and heading for the 75.25 high area or more on this move

30 Oct 2018 03:20 pm
double top attempt, but this could push through and make a higher high yet before a pullback of some sort. At the moment it avoids any kind of break lower unless the ES breaks 67.50-66.50 area soon without turning right back up

30 Oct 2018 03:22 pm
just broken and now will need to hold below 71 at the most, otherwise would reverse the pullback by bouncing from 66.50 area and not going under and holding that area

30 Oct 2018 03:25 pm
apologies for these duplicates. I've tried changing mouseclick speed, it won't change for whatever reason. anyhow, could be another run up still by holding around 66.50 and turning up in set up breaking/holding so far anyhow, should be bouncing back

30 Oct 2018 03:31 pm
made the new high and now should have trouble holding up here and come back down to around the 71 area before another bounce. If that is broken through then a chance of a bigger pullback down to test or break 68.50 possible and.

30 Oct 2018 03:41 pm
could be an end of day reversal starting but will need to break 72.50 area and then hold under 74-75 at most before going lower again. Unless that break and hold happens, stays in an uptrend

30 Oct 2018 03:42 pm
have a great rest of the day!

 

INTRADAY LOG FOR MONDAY - OCTOBER 29, 2018

29 Oct 2018 09:07 am
Good morning. We are going to open above last Friday's high at the 92.75 level and needs to hold around the 93-92 area or else can keep going back down to the 60 area again minimum

29 Oct 2018 09:09 am
I need to be away this morning from around 9:50 until around 10:30 roughly, but will return to update ASAP. I will update before going

29 Oct 2018 09:19 am
that huge intraday swings still possible. Also is a good downtrend on the 60 minute chart that could come into play at some point over the next couple of days

29 Oct 2018 09:25 am
put in 2698-2698.50 as a resistance that should be important today before getting over 2702-2703, if it is going to. At the moment it looks like breaking 93-92 and holding under around the 96 area to keep current free open downtrend intact. 93 area c

29 Oct 2018 09:31 am
needs to hold 92 or else break down towards 88.50-87.50 if they hold under 94 after

29 Oct 2018 09:34 am
a little pullback turned up from 91.25 and took out 94 and should hold 93-92 in order to make another push higher and not be topping out on the next bounce

29 Oct 2018 09:38 am
the pop-up failed but still needs to take out 92-91 and a top is in for a while

29 Oct 2018 09:43 am
should be a high end for a while at 97 but should bounce from another pullback that turns up from 88.50-87.50 area

29 Oct 2018 09:45 am
ES needs to hold 88.50-88 and take out 94-95 area and stick otherwise still vulnerable

29 Oct 2018 09:46 am
I will need to be away until sometime around 10:30 and will update ASAP when I return.93 area turning into new resistance to break/hold over

29 Oct 2018 10:29 am
my appointment was rescheduled 20 minutes after getting in touch to the same time tomorrow. Argh! Irritating yes. The ES ran up to just under 2707.75-2708.50 area and stalling for a pullback of some sort going under 2180 again and not turning right

29 Oct 2018 10:37 am
2694.50 needs to hold and give a bounce of some sort but should stay under pressure as long as a hold under 2700-2701 area at the moment

29 Oct 2018 10:42 am
aside from 2707-2708 area being chart resistance, it also a 25% retracement from all-time high to last week's low and also just under a downtrend line on 60 minute chart. Makes it major to clear/hold today now or another decent sized bounce fails and

29 Oct 2018 10:42 am
now or another decent sized bounce fails and having sizable reversal again a possibility

29 Oct 2018 10:48 am
ES will stay under pressure holding under the 97.50-98.50 area at the moment. Would need to take out 2701 again

29 Oct 2018 10:48 am
88.50-87.50 can be seen at least

29 Oct 2018 10:58 am
bounce from 89.50 is a level that has not been held under very long today as 89.50 held on a tiny dip before the run-up to the high. pullback from 98.75 updated resistance needs to come down through 94 and not bounce but breakdown through 89.50-88.5

29 Oct 2018 10:58 am
bounce but breakdown through 89.50-88.50 without quickly turning up another time

29 Oct 2018 11:02 am
getting top-heavy at 98.75 updated resistance and holding under that level keeping pressure on to test or break 84 and possibly test or break the low area if 84 happens to be broken by much

29 Oct 2018 11:05 am
84 was filled and could bounce here a bit but unless 98.75 area broken and just a tiny pullback then could come back down to or through 84 again

29 Oct 2018 11:12 am
still holding under 97.75 and unless broken this will go to 84 area again or just above but if broken then continue to or through 82 and if that is also broken 80.50 area must hold or else better drop and sizable possibly underway

29 Oct 2018 11:18 am
ES just missed 2707.75-2708.50 major area by turning down at 2907 and stalling the four the drop to 84, and holding under 2697.75 on 3 bounce attempts and making a lower low has it back and a decent pullback mode and should hold under 92.50-93.50 at

29 Oct 2018 11:23 am
so far 82.50 has been reached and can pop-up that should hold under 2688.50-2689.50 area or else could be making a low for a while, or a better bounce attempt before failing

29 Oct 2018 11:24 am
pop-up should fail at or under 89.50 area to keep pressure on

29 Oct 2018 11:32 am
bounce turned down from 89.50 and needs to make a new low on this move down or else take out 89.54 a better bounce it

29 Oct 2018 11:39 am
90 was touched and rejected down to 84.50 in 2 minutes and coming back up and another move over 90 would need to hold 84.50 otherwise make a lower low instead of the 123 bottom currently in place

29 Oct 2018 11:47 am
94.25 bounce high at the moment and around where the move got momentum on the downside on its way to the low and should pullback from 94 again which was a high earlier before breaking, must come back down under 88-87 area for a bounce high the possib

29 Oct 2018 11:56 am
rolling over heart again after stalling out and should take out the low on this move or at least bounce from just above 84.50 but will not stick and a lower low should be made after any kind of bounce attempt on the way to or through 78-77 area at

29 Oct 2018 12:02 pm
there was an a countertrend bounce of 66 points and others have been 62.50, 71.50 and 65.50 and all except for this 66 point bounce made new lows after that. So far 78-77 tested, going just 50% retrace is at 67 area

29 Oct 2018 12:08 pm
needs to take out 74 prior resistance and bounce over 78.50-79.50 area and stick needed to avoid testing or breaking 68-67 50% retracement area

29 Oct 2018 12:11 pm
downtrend still strong holding under 73.50-74 at most now on the way to or through 67-66 area or more. Friday last 5 minutes range range was 70.75-65.25

29 Oct 2018 12:15 pm
made it back to 71.50 so far and holding under 76 at the very highest keeps pressure on for a push lower to or through 70 and likely 67-66 or more still in the cards

29 Oct 2018 12:17 pm
stalled out before turning up and just reach 73.50 and now needs to go over 78 on this move. For a pullback attempt

29 Oct 2018 12:21 pm
I will be away until around 1:20 PM but will update before if possible. Bounces should continue failing.

29 Oct 2018 12:23 pm
67-66 needs to give a bounce otherwise can keep on going to or through 65 at a minimum and likely 62 or more

29 Oct 2018 12:53 pm
bounce attempt back to 80.50 and holding under 82.50 keeps these bounces and failure mode, should come back down through 72 in order to make the move back to or through the lows now, or hold under 78 area and go back down again at most

29 Oct 2018 01:11 pm
the ES made a double bottom at 67.50 and just took out the 82.50 level and if it's coming back down again as a failed bounce attempt it should hold under 83.50-84 and come down under 78.50-77.50 area and holds under 80.50 at most it appears right now

29 Oct 2018 01:34 pm
the rollover from 83.50 just turned up from 72.25 which is new and important support area that needs to hold on another move down to keep from going to or through the low area, and needs to keep moving up and take out that 83.50 bounce high and hold

29 Oct 2018 01:41 pm
another failed bounce attempt and even if there is a rally of some sort it still is not going to stick. The market is bearish as long as it is holding under 81.50-83.50 area and not above that area instead

29 Oct 2018 01:44 pm
it will need to take out the 72 area at a minimum, and especially the updated support at 67-66 needs taken out as that is the low of the day, and if not broken and 81.50-83.50 broken instead, things could be changing to the upside

29 Oct 2018 01:46 pm
choppy move up over 83.50 should mean the next pullback gets bought above the last swing low at 73.50 area and taking at that 73.50-72.25 zone needed to keep making a lower swing lows on this pullback from under resistance

29 Oct 2018 01:53 pm
there has been good buying coming in on the last 2 pullbacks to around the 74-73.50 area and needs to hold if tested for a third time to avoid a break below are, but instead just a small pullback should hold 76.50 area

29 Oct 2018 01:59 pm
downturn from the 83.25 resistance and top of this range sold again. That is the area that needs taken out or else it stays bearish as noted earlier and should be a breakdown at some point soon

29 Oct 2018 02:07 pm
finally breaking down through the range between 72.25 and 83.50 and a double top at that bounce high so far and now there are 3 lows at the 68-66.25 area and the 68-67.50 area will need to hold or else than was likely go through 66.25 low also. If n

29 Oct 2018 02:08 pm
through 66.25 low also. If not just a poke down there that gets quickly reversed

29 Oct 2018 02:14 pm
good selling starting at 2:10 taking the ES down to the 60.50 level so far and pressure stays on holding under 67-68 on the way to at least 58 and if broken 54.50-53.50 all that send the way of 48-47 initial support area with the market acting poorly

29 Oct 2018 02:18 pm
54.50-53.50 area needs to be held and give a good bounce back over at least 62.50-63.50 area and stick in order to attempt breaking current strong downtrend, now that

29 Oct 2018 02:21 pm
2:15 PM turnaround attempt, but this bounce fails and the ES takes out 54.50-53.50 on the way towards 48-47 if a hold below 62 area at most on this bounce

29 Oct 2018 02:23 pm
62.50 bounce high so far and needs to at least get over 63.50-64 and hold otherwise fill on the way down to 54.50 and possibly continue towards 48-47 if it gets any uglier, going into my nest territory across-the-board

29 Oct 2018 02:30 pm
63.50 turning into a top on this bounce attempt and holding barely over 54.50 area that should be broken in order to get further breakdown soon to or through 48-47 still possible

29 Oct 2018 02:32 pm
54.50 was just reached and holding under 58.50-59.50 should keep pressure on to take out 54.50-53.50 and had towards 48-47 before a bounce attempt possible

29 Oct 2018 02:39 pm
2652 was not a listed resistance however it is what should be an important support area at the 53-52 zone but still needs to make a move strong enough to get over and hold over 58.50 area first and if that is taken out/held then up through 62.50-63.5

29 Oct 2018 02:39 pm
has to take out the dynamic support on the 1 minute chart, 18 EMA turning it down several times so far on this move

29 Oct 2018 02:42 pm
there is a reversal bar on the 5 minute chart and that the 52 support also and at the 2:40 potential reversal time so should be a bounce of some sort getting started

29 Oct 2018 02:45 pm
this might turn into a new ingrain if the ES doesn't take out 63.50 area and hold.

29 Oct 2018 02:51 pm
failure again to clear 63.50 and now the 62.50-63.50 area should be major area to clear and hold in order to attempt getting out of trouble for a bit, but doesn't look like that's happening today. Should spill lower to or through 48-47 at least the w

29 Oct 2018 02:54 pm
coming into 48-47, if broken by much then 41 last hour low from Friday is next. As long as this doesn't turned around and run up strongly. Should go through this also

29 Oct 2018 02:58 pm
made it to the 47 initial support, need to take out the swing high at 62.50-63.50 area now. Otherwise back to test or break 48-47 zone again. A hold at or under 54.50 prior support will keep pressure on

29 Oct 2018 03:02 pm
just stay with this short side until the last 15 minutes or so or into the close of this keep being sold on bounces and holds below the 51-52 area at most on a bounce before going back down

29 Oct 2018 03:05 pm
ES getting ripped, 41 area reached and 38-37 should be taken out next

29 Oct 2018 03:06 pm
probably going to make another lower low and take out 2627.25 Thursday low

29 Oct 2018 03:08 pm
37.25 low so far in the 38-37 zone. 32.50 area next

29 Oct 2018 03:15 pm
ES about 77 points under its high of the day, early coming apart and should be a crashette underway especially with follow-through tomorrow morning before it's over for a while. acting very much like the 1987 market

29 Oct 2018 03:20 pm
2624.50 low so far, and with a new low for the move there's a chance for one of those sizable rallies that could start if there is not follow-through panic selling tomorrow. We will see. At the moment, upturn from new low needs to get over last break

29 Oct 2018 03:20 pm
and push higher over 41 and stick. Unless that happens than and other lower low at least around 22.50

29 Oct 2018 03:22 pm
stopped just under 35.75 at 35.50 and rolled over again towards another new low should be on this move and then another bounce attempt fail if it does not go down through 22-20 area without turning right back up again

29 Oct 2018 03:29 pm
it had been some weak shorts locking in profits causing many of these bounce attempts that fail, as buyers have backed away all day and bounces even on pullbacks.this goes trend down into the close as long as it holds under 36.50 area in the last 30

29 Oct 2018 03:30 pm
with and 82.50 point reversal and strong downside momentum and another new low with internals that will keep indicators from reaching oversold extremes (barring them getting much more negative before closing) market is still vulnerable. Needs to get

29 Oct 2018 03:32 pm
I will update this evening and then meet you here in the morning. Stay short or a short a bounce holding under 31.50-32.15 most.

29 Oct 2018 03:33 pm
have a great rest of the day, looking for potential of reaching 18.50-17.50 if that is not a low in place at 21.25 already. Has work to do. Take care!

29 Oct 2018 03:40 pm
barely holding the 18.50-18 area and that should hold or else could continue on down to or throughh the 2603-2602 area before the end of the day. Needs a turnaround here with some gusto

 

INTRADAY LOG FOR FRIDAY - OCTOBER 26, 2018

26 Oct 2018 09:07 am
the ES should open lower again and if you are short from yesterday we are going to have a little bit of a home run. I will be back before the open

26 Oct 2018 09:18 am
ES should stay under pressure as long as it's holding under 68 area and not go over and hold over it for very long. I will update about 5-10 minutes after the open

26 Oct 2018 09:24 am
if short from yesterday around 2720 area or a better on going to cover half of my position and hold the remainder for now in case 52 low for the week gets tested or broken through.

26 Oct 2018 09:24 am
if short from yesterday around 2720 area or a better on going to cover half of my position and hold the remainder for now in case 52 low for the week gets tested or broken through.

26 Oct 2018 09:32 am
67 rejected and needs to take out 67-68 area and hold around 66 after that or pressure is on

26 Oct 2018 09:36 am
bouncing from just above 53-52 major area and needs to run up and take out 67-68 if going to have a low in place

26 Oct 2018 09:39 am
although came close to the ones the low and quickly turned up for a higher low and should hold now or else would go to or through 52 most likely. Coming down from 67-68 gives it a chance if they break under 62 not quickly turned up

26 Oct 2018 09:43 am
pressure will continue to stay on the downside as long as they hold under 67-68 area, and need to break and hold under 62 to have a chance at the low otherwise could go back to or through 67-68 area

26 Oct 2018 09:46 am
this may not go far before coming down again, and needs to hold 62 if it does

26 Oct 2018 09:51 am
so far made it to the 72 prior support area and backing away a little bit and needs to hold around 67-66 or might be going too far and then the next bounce should fail

26 Oct 2018 09:53 am
could be a top in place at the 72 prior support area and especially holding under 68 area

26 Oct 2018 09:59 am
quick rejection of 68.25 down to 60.25 in just 1 minute and popping back up again and should be sold at or under 68 to keep downside pressure on to test or break the low

26 Oct 2018 10:05 am
made it through the 52 low from Wednesday and holding that the moment and staying under 54 keeps pressure on right now to test or break 44-42 if this continues

26 Oct 2018 10:08 am
that last listed support just reached and holding under 49.50 keeps pressure on and next areas down at 38 and then not a handful of support until the high 2590s

26 Oct 2018 10:08 am
38 reached and should hold around this area or continue towards 33-32

26 Oct 2018 10:13 am
going back over 49.50-50.50 and holding on a small pullbacks and going up again needed to have the 10:10 AM turnaround have a chance of sticking. Back towards that low possible otherwise

26 Oct 2018 10:21 am
49.50 broken and now needs to get over 52 and hold 48-46 at worst after that to keep from rolling over again

26 Oct 2018 10:27 am
with the ES taking out Wednesday's 52 low and turning up from the 38 updated support and holding, so a low should be in place at the 10:10 turnaround unless it's going to be another bad day and break/hold under 52 on this move down

26 Oct 2018 10:33 am
going to put a stop at 60 on the swing trade and look to cover on a lower low Borges hold on a while longer and lower the stop. This should test or break the low before another bounce attempt and under 38 low is 32.

26 Oct 2018 10:36 am
the low at 41 and bounce but needs to take out 48.50-49.50 area and not get turned right back down

26 Oct 2018 10:41 am
token lower low bought and market is not going to have a sizable breakdown today as long as this double bottom on the Dow and the 36 area on the ES continues holding

26 Oct 2018 10:43 am
I am going to need to be in and out over the next 30 minutes it looks. Bounces should continue failing under 47-48 or else could be getting turned back up again and set of continued downside after a feeble bounce or sideways action

26 Oct 2018 10:59 am
still making new lows on failed bounce attempts. Should be going for the 2623-2622 area next, and low 2600s if this gets really ugly on a Friday after a rough week with lots of technical damage

26 Oct 2018 11:08 am
this could go over 40.50 and stick and if it does then can keep going to or through 45-46 at most to come back down towards 36 again

26 Oct 2018 11:11 am
38-36 area needs held otherwise continue back to or through 32-31 again possible and if reached could keep going back towards the low

26 Oct 2018 11:24 am
the ES dropped 96.25 points in the NQ 227 points from yesterday's last hour double top at resistance, and a little bit above the entry for a great swing trade of ~50 points on ES. Right now we have another 20+ point bounce, should turn very soon othe

26 Oct 2018 11:30 am
needs to keep on going over the 59.50 area and hold after a small pullbacks is turned up again in order to keep the run-up going

26 Oct 2018 11:31 am
we have the reversal and low made at 11 AM and all green bars on the 5 minute chart and holding dynamics support on the 1 minute chart and getting a bit stretched and should pullback from 63 area

26 Oct 2018 11:34 am
pullback starting from 62.75 and should hold no lower than 55 area for a red bar potential reversal bar on a close at or under 55.25. Continues moving higher unless broken/held

26 Oct 2018 11:39 am
backing down from a move up to 66.75 and need a term up from 56 or else another pop-up should fail and this move could have a bigger pullback is 56 and then 52 also is taken out

26 Oct 2018 11:41 am
turned up from 55.75 so far but should be sold into if a pop-up and come back down to test or break 53-52 at least before bounce attempt of some sort

26 Oct 2018 11:43 am
reversal bar with the first red bar starting at 11:35 and should continue down to or through 53-52 holding under 61.50-62 at the moment. If that is taken out then back up to tests 66-67 prior support again

26 Oct 2018 11:51 am
poked down to 52 and popped up after a pop-up from 51.50, and the ones they low around 52 is turning pivotal and needs held to avoid another drop to test or break 67-68 area

26 Oct 2018 11:53 am
that would be 48 area, if 52 area reached again and not held like it should now if still strong off of the low.

26 Oct 2018 12:00 pm
a bit of a double top again and turning down and should be decent pullback if get some momentum soon

26 Oct 2018 12:01 pm
needs to come down and take out the 52 area without turning right back up again like last time when it quickly turned up at 51.50

26 Oct 2018 12:06 pm
still in a steady uptrend in stays that way now as long as 58-57 area is not reached or broken – 72 area should be hard to get through/hold

26 Oct 2018 12:10 pm
I need to be away until around although better after 1 PM or so today, I will update if it's possible but not so sure about today, faster reason for starting break a little early today. At the 60 EMA on 5 minute chart the first time in this downtrend

26 Oct 2018 12:12 pm
update will be around 1:10 PM or sooner if possible and necessary,

26 Oct 2018 01:09 pm
the has stayed in its steady uptrend to the resistance at the 92-93 area and should be an area where it has some trouble getting through if it's going to have an early afternoon top, and not a trend up move for another hour

26 Oct 2018 01:17 pm
92-93 is the initial resistance for today had there not been a big down open, and making it back there brought in some sellers and keeping it under pressure right now but needs to know back under at least the 83-82 area and then hold under, especiall

26 Oct 2018 01:18 pm
82-83, and if broken then hold under 82-83 at most after reaching or breaking through 78.50 area

26 Oct 2018 01:22 pm
pullback bouncing from 93-92 zone. Buyers still in control

26 Oct 2018 01:27 pm
needs to hold under 92-93 and really should hold under 90 and order to go down through 78.50 and if it goes much further than that then any kind of bounces should still fail but more likely under 90 instead of 92-93 to hold under on any kind of bounc

26 Oct 2018 01:32 pm
breaking down and should now holds under 78.50-79.50 on a bounce attempt at most but should keep going lower until the Dow stops. It helped to get the ball rolling downhill a good number of days lately

26 Oct 2018 01:33 pm
either by making a topping or bottoming pattern while the ES was going something different, or making a zone or area to break through which wasn't the same on the ES. But right now just be short any kind of bounce that stops at or under 76.50 at most

26 Oct 2018 01:48 pm
after a 65 point countertrend rally the ES just finished off a 28.75 point pullback (a reasons to have wider stops with bigger targets, and trading smaller size, all due to the huge volatility. Should see bounces continue failing and the 52 area is p

26 Oct 2018 01:51 pm
and if the 52 area is seen it must rebound with gusto, otherwise bigger and of day breakdown that could accelerate. At the moment doesn't look like it will be tested unless that 64 low broken/held under/at 68 area on bounce. ES needs a move over 75 h

26 Oct 2018 01:57 pm
this can keep moving on up as long as there's no reversal down from around 81.50-82 area

26 Oct 2018 02:04 pm
turning down from 80.75 and another move that goes through 64 should open the door for another failed bounce attempt or just further breakdown. Next update in about 10 minutes or so as I need to be away

26 Oct 2018 02:16 pm
very feeble bounce attempt and down it went again and might pickup momentum but if not then still under pressure holding under 71.50 area for now. A move back over that level that sticks is needed to take pressure off for a bounce attempt that should

26 Oct 2018 02:22 pm
now should keep pushing lower and breakdown further if they hold under67 area

26 Oct 2018 02:29 pm
another bounce so far going over 67 area of to thus 72.75 resistance and now a small pullback should be bought to keep this out of trouble and a better bounce attempt happen if a bounce comes from 66 at worst and should hold around 68

26 Oct 2018 02:42 pm
so far and need to at least break 67 if going back to test or break 59.50 on the way back to the 52 area. So far pullback is about 50% retracement of the 66+ point rally

26 Oct 2018 02:47 pm
for the market to finish the day strong it will need to go back up and take out the high at the 2692.75 area, which means running up and taking out and holding the 75 area with gusto. That updated resistance should not be seen if breaking down

26 Oct 2018 02:50 pm
for recent e-book buyers please send me a note at Mike@TradeStalker.com so I can give you a few things to change a bit. In any case, keep an eye on the Dow cash still as it is there a double bottom and further breakdown could help push the ES lower w

26 Oct 2018 03:03 pm
this should keep on going by the way it is acting and with the Dow going down pretty hard and took out support areas on the way to 42 so far and the day can finish ugly going back under 38 next without a good strong turnaround

26 Oct 2018 03:08 pm
this bounce needs to go over at least the 49.50-50 area and then hold and go up again from above 44.50 area or else another push lower to or through 38.50 area

26 Oct 2018 03:12 pm
this still can have a poor close holding under the 52 area for the rest of the afternoon as that has acted as a pivotal area with it holding on a dip around 11:45 after being crisscrossed as a high/low the few times earlier

26 Oct 2018 03:14 pm
anyhow, coming into today the 52 level was the low for the week and more than retested after a huge 71 point rally back, repeating after 65+ point rally today rejected initial resistance. Should keep pressure on under 52 going into the close if not b

26 Oct 2018 03:16 pm
time for a decent rebound if there's going to be one so 52 area needs to be broken and then able to hold at or above that area on a dip and go up again. Another failure at or under that level means breaking down further to or possibly through 38 area

26 Oct 2018 03:23 pm
we had a 65.50 point rally up to the 2692.75 level, 1 tick over the 91.50-92.50 initial resistance, and sold off 51.75 points to its 41.00 pullback low. With this turning up at 3:15 PM is going to have it run up again towards the last high at 74.75 b

26 Oct 2018 03:25 pm
in the last 35 minutes, this two-sided action with great volatility and some large moves both ways, the market is still acting poorly and decent bounces are still going to be sold into

26 Oct 2018 03:27 pm
I hope that you have a great weekend. I'll send out an update on Sunday and then meet you here on Monday. Until then... Take care!

 

INTRADAY LOG FOR THURSDAY - OCTOBER 25, 2018

25 Oct 2018 09:11 am
58 if 63-52 broken

25 Oct 2018 09:12 am
And oversold market is going to have a big gap opening, although not as big as most have been lately and especially coming off of the end of day freefall. It should be sold into

25 Oct 2018 09:21 am
this is emotionally driven market, and may not obey support and resistance areas as they normally do. I did my best to combine what looks like areas where turns or breakouts could happen, but don't need to.

25 Oct 2018 09:23 am
most important wobbled to get to or through to get out of trouble for a while is taking out 2712. Or holding 72 at worst and turning up with gusto

25 Oct 2018 09:24 am
update about 5-10 minutes after the open

25 Oct 2018 09:32 am
should be about it for the upside is 80 area not able to the broken and held

25 Oct 2018 09:33 am
also coming down through 72 and not turning right back up can put some pressure on for breakdown going towards yesterdays low

25 Oct 2018 09:38 am
yesterdays closing range at 66.75-65 area might be hard to break down through and hold if it goes back down again, but pressure will be on to test or take out 62.75 at a minimum it looks – 80 needs broken and hold 78 on upside

25 Oct 2018 09:42 am
market still is going to be sold on bounces and less the ES gets over 78 and holds 76 and goes up after that. Heading through yesterdays close otherwise

25 Oct 2018 09:47 am
held just over yesterdays closing range which was 6 points yesterday from 66.75 to 62.75 and could /should be a low in place but need to go over 80 and hold 78-77 and keep going up again in order to have a better bounce and not go back towards the lo

25 Oct 2018 09:50 am
has 84.50-85.75 area to get through and not turn right back down through 82 or more but hold around their and instead to avoid another decent pullback of some sort before another bounce attempt

25 Oct 2018 09:55 am
84 and especially 82 area needs held to avoid potential topping out/pullback

25 Oct 2018 09:59 am
losing upside momentum and should pullback soon or if one more little pop-up is sold from 92 or below

25 Oct 2018 10:07 am
the run-up from 82 stop and reverse that 97 and needs to hold the 92-91 area otherwise can come back to take out or test 83-82 area

25 Oct 2018 10:09 am
coming down slowly and can bounce off of one minute support around 90-89 at worst and will need to bounce back and take out the high to avoid possible reversal back down

25 Oct 2018 10:15 am
ES poked under 89 to 87.50 and popped up but should have trouble taking out the high and holding unless it goes through with gusto, and that isn't going to happen by the looks of this and should have another push lower soon

25 Oct 2018 10:16 am
has to get over 93.50 and not turn right back down on this move toward could be topping

25 Oct 2018 10:22 am
last time I internal gauges went to oversold extremes we had a good intraday bounce that failed and then bottom 1-2 days later if I recall correctly. Already had 44.75 point "bounce" but making a higher high and holding not looking very likely right

25 Oct 2018 10:26 am
with 83 holding and turning up the ES needs to get over 80 and not get turned right back down. That is likely going to happen if it cannot go through 80 with some good momentum and stick

25 Oct 2018 10:29 am
should continue up to test or break the high

25 Oct 2018 10:31 am
if not and a double top or 123 kind of top is made them coming back down under 91-90 could have it get downside go again for a bit

25 Oct 2018 10:36 am
as long as the ES does not go back to or below 2683 it will stay bullish until making a topping pattern or stalling out and/or reversing. Those should be countertrend scalps, as and oversold market closing down 6 straight days and 13 out of 15, very

25 Oct 2018 10:37 am
this should begin a pullback going sideways for the last 5 minutes basically

25 Oct 2018 10:38 am
only a small pullbacks so far and needs to go under 92 and especially 90 not get turned right back up

25 Oct 2018 10:49 am
still in an uptrend but rejected from just under the 2700 level and needs to take out 2701 area and holds or else a top up here possible

25 Oct 2018 10:56 am
there was some important resistance around 2701-2703 for this first leg up. a bit of a battle between 92.25 and 99.75 and should keep holding 92.25 prior low and breakdown area and retracement resistance now – very strong before 2702-2703. 2722-24

25 Oct 2018 11:00 am
123 top and should be sold on another pop-up now. Could be what happened last time that my indicators got extremely oversold, and this bounce could be over for now

25 Oct 2018 11:02 am
I am selling the 123 top for a retest of 92 at 95-96 and should not take out that 98 level now

25 Oct 2018 11:04 am
the focus really should be on the long side, but pattern was bearish up here so polling back from 95.75 and just a scalp trade to cover the 89.50 better or trail a stop

25 Oct 2018 11:06 am
trading by the price pattern though, right now with this rolling over along with the Dow doing the same and the NQ also in sync with this pullback can keep coming to test or break 85 and maybe through 83 key area

25 Oct 2018 11:11 am
back to selling bounces, as price action overrules oversold indicators and anyhow already bounced 47.50 points. That is close to normal daily range lately. 5 and 10 day average daily range both about 44 points

25 Oct 2018 11:13 am
failed bounce attempt at 91 and is where this breakdown starting from and holding under that keeps pressure on the downside. Pivotal level possibly

25 Oct 2018 11:16 am
well, when I thought the numbers might be off this pullback held that the 84.50 prior resistance and turned up. Still has 91-92 to get over and hold not reject and reverse however

25 Oct 2018 11:19 am
with 92 holding after being taken out, it reached 95 so far and close to the highs and should be turned away up there. If not then 2702-2703

25 Oct 2018 11:23 am
took out the high and went right to 2702-2703 area so far, need to hold 2700 or else possible small pullbacks again but should not go too far and not go back to or through 92-90 (if reached) without a good bounce. 2711-2712 area a major area to clear

25 Oct 2018 11:26 am
the upside stalls out about 90 seconds before beginning to turn and should hold 2700 area in order to make another push towards the big area around 2711-2712. This is still strong hold over 2701 at the moment

25 Oct 2018 11:29 am
tail on the chart at this top so far and 2705 hard to get through at the moment and should be some pullback and then if small go for 2707 at least and likely 11-12 area next where good resistance should be

25 Oct 2018 11:36 am
another top possible as this has rallied back 54+ points from yesterday's 4 PM low and just 2 hours so far. It still has a shot at 2711-2712 if it can hold 2700 and take out the high without a reversal around that area, but should be at a high and bo

25 Oct 2018 11:48 am
with this coming down under 2702 and 2700, there should be a quicker drop than this however a hold around the 98-97 area can keep it from further breakdown and allow another pop-up or bounce to happen although not stick this time either

25 Oct 2018 11:49 am
market is in a good oversold bounce and needs to keep going up from 97.50-97 on this pullback, hold over 96.50 pullback low to run up

25 Oct 2018 11:50 am
heading for the high on this pop-up or just below possibly to double top for just a while

25 Oct 2018 12:01 pm
double top at the moment but still needs to come down and take out 96.50 and should get things going on the downside with bounces failing from here

25 Oct 2018 12:07 pm
pullback was a bit under the 96.50 last pullback low after a double top on the Dow cash also, and needs to hold this area and take out the high to keep this rally going

25 Oct 2018 12:15 pm
on the other failed bounce attempt and pullbacks haven't gone far but could get going soon as the market is back to its old truck after a 50+ point rally and being sold on bounce attempt

25 Oct 2018 12:19 pm
a bounce would need to get back over 97.50 and not turn right back down at a minimum right now and especially the 2702 resistance again. The highs at 2706.50 and 2704.75 should not be broken and able to hold now

25 Oct 2018 12:21 pm
it's going to need to hold under 97.50-98 and come down through 92 again and hold under 93 after that to keep this going down to test or break the 84.50 area again

25 Oct 2018 12:26 pm
it's going to stay a two-way market with the oversold conditions versus good downside momentum bigger picture and bigger picture downtrend. This bounce should lead to another pullback with it failing also as long as it's under 98

25 Oct 2018 12:29 pm
I will be away until around 1:20-1:25 PM.

25 Oct 2018 01:15 pm
the ES bounced back to make a little double top at 2703.50 and that should be in afternoon high for the market and another bounce should fail under the high and pullback and take out 2692-2691 and stick in order to break down however but could happen

25 Oct 2018 01:37 pm
the ES came back down to 2692.75 and held the new support a second time and is bouncing back towards the highs again and has been here for the fourth time and should back away a bit before bouncing again, although still couldn't get to the 2712 major

25 Oct 2018 01:41 pm
look for a pullback that holds 2701.50 area to get turned back up again, if not then could go down to but not through the 2698 area if still in really strong position

25 Oct 2018 01:49 pm
when we have had the strong oversold up moves during this selloff, the pullbacks were about 14-16 points and that happened at least 4-5 times before topping and breaking down. Today we had 14.75 point pullback, headed back up again. currently working

25 Oct 2018 01:51 pm
it's the 2704.50 area that needs to be held around on a pullback or else could be a high in place for a pullback that is <14-16 points but maybe as much as 8-10 most if holding up

25 Oct 2018 01:55 pm
took out 2704 so could come back to take out or test the 2698 area and needs to bounce from there or could start getting into a bit more trouble

25 Oct 2018 01:56 pm
2802 area needs broken purse

25 Oct 2018 01:57 pm
needs broken first, and then held under 2705. Otherwise a pullback low could be made

25 Oct 2018 02:02 pm
2702 broken and should hold under 2705 in order to keep dropping to or below 2698.50 area

25 Oct 2018 02:03 pm
at the moment it's 2700 holding, and taking out 2698 is needed in order to get further downside, otherwise another pop-up towards the high area if

25 Oct 2018 02:03 pm
if 2705 broken especially with some gusto

25 Oct 2018 02:06 pm
reversing back up and should test or break through 2705 since the 2698.50 area held

25 Oct 2018 02:07 pm
just another pullback for another move to a higher high on the way towards the 2711-2712 area is still possible. Just now has to hold the 2700 area, and especially holding 2702 if there is another move back down there

25 Oct 2018 02:09 pm
2708 previous high broken and 2711-2712 should be reached on this move but that should be hard to break above and hold above.

25 Oct 2018 02:11 pm
2709 so far, and another token higher high with buyers backing away as usual and should hold at 2706 area it looks in order to keep this going strong on the upside

25 Oct 2018 02:19 pm
the ES just reached the 2711-2712 target and immediately backed away. That could be a high for the day, if not then the ES needs to hold on a 7-8 point pullback to around the 2703.50-2703 area, otherwise could be bigger move lower. However, taking ou

25 Oct 2018 02:19 pm
However, taking out 2712 and not reversing would have a shot at 16.50-17.50 area next

25 Oct 2018 02:22 pm
so far the ES has bounce back 59+ points to the 2711.50 target/resistance, the last oversold rally went 62.50 point in 1 day and reversed. Should be a high in place, but if not then the move could keep on going until the last 15 minutes of trading

25 Oct 2018 02:22 pm
so far the ES has bounce back 59+ points to the 2711.50 target/resistance, the last oversold rally went 62.50 point in 1 day and reversed. Should be a high in place, but if not then the move could keep on going until the last 15 minutes of trading

25 Oct 2018 02:26 pm
this kid keep on going through the 2712 area, as it has been very strong all day long and still 90 minutes left in the trading day. If 2712 is taken out, it can keep working its way up towards 16-17 area or higher after that, if not a double top

25 Oct 2018 02:28 pm
16.50-17.50 net upside target as long as a small pullback or no pullback

25 Oct 2018 02:30 pm
2714.50 reached, and need to hold at four above 2710.50 at the moment it looks in order to keep a strong uptrend and not have another 8-10 point pullback

25 Oct 2018 02:34 pm
16.50-17.50 zone easy target so the next zone at the 24-25 area is the last of the listed resistance zones for today. That area should not be reached today in less this continues going at this current pace another 30 minutes.

25 Oct 2018 02:38 pm
it's the 2720 area that will be hard to get over and hold. That's the only area in the way of 2724-2725. Need to hold around the 2716-2715 area or else keep coming down towards the 12.50-11.50 area which must hold or else a high could be in

25 Oct 2018 02:44 pm
on its way to 24 area on this move

25 Oct 2018 02:46 pm
almost to the 24 area and should reach that before this is over

25 Oct 2018 02:49 pm
however getting very close to where buyers should begin to back away, unless this move goes parabolic short-term. This COULD keep moving up into the close, but if there is more than a 7-8 point pullback from up here, it can leave a high in place late

25 Oct 2018 02:49 pm
however getting very close to where buyers should begin to back away, unless this move goes parabolic short-term. This COULD keep moving up into the close, but if there is more than a 7-8 point pullback from up here, it can leave a high in place late

25 Oct 2018 02:51 pm
2723.50 is close enough, and still has a chance to be reached if there is one more pop-up from up here. But breaking back below 2717 and holding could be starting a decent move back down

25 Oct 2018 02:57 pm
just another small pullback so far with that ES holding over 2717. It should not go back under that level without getting turned right back up, otherwise there could be a bigger pullback underway if that happens. A test of 24-25 last listed resistanc

25 Oct 2018 03:01 pm
will pop-ups are being sold and that should keep some pressure on holding under 2719.50 level

25 Oct 2018 03:06 pm
I need to be away early today again, my apologies. I will send the update if something shows up. I am shorting partial position up here and would add tomorrow depending on how the market acts on the employment numbers

25 Oct 2018 03:09 pm
in any case, the ES will need to run up and take out the 2724 area and hold in order to keep this going strong on the upside. If the ES goes back to 16.50 and not turn right up again, then downside with pressure on under 19.50. Shouldn't go over that

25 Oct 2018 03:17 pm
start another small pullbacks and could test or break through 24-25 on this move. If so, then another small pullbacks of about 7-8 points should hold and give another rebound. Needs to hold 2716 at the close, or else finish the day looking bearish

25 Oct 2018 03:21 pm
a double top but 24 resistance token higher high was made and a pullback should be tiny and turned up from around 20.50-20 otherwise could go to or through the 16-15 area and if that happens could finish the day on a poor note

25 Oct 2018 03:22 pm
I have a good second entry on short and as mentioned earlier will look to add tomorrow after employment number, and 70+ point bounce today

25 Oct 2018 03:28 pm
If the ES does not look like it's going to close under 2717, I am going to lighten up a bit on the short, I have been a day early on my last 2 entries, but ended up being big moves anyway. tomorrow employment report

25 Oct 2018 03:30 pm
the ES left a double top in place so a break and hold back below the 2716.50 pullback low that is not turned right back up then can close on a poor note

25 Oct 2018 03:30 pm
have a good rest of the day and I will catch you tomorrow morning

25 Oct 2018 03:32 pm
if it doesn't look like it's going to close over 2722 keeping the short period rejection up there and buyers backing away now. That's all

 

INTRADAY LOG FOR WEDNESDAY - OCTOBER 24, 2018

24 Oct 2018 09:20 am
Good morning. we will have a slightly lower open this morning and taking out 38.50 can set the states to go to 33-32 area possibly

24 Oct 2018 09:23 am
there should be a bounce of some sort but if not then the market is likely still in wounded shape even after yesterdays good rally back after the morning low

24 Oct 2018 09:28 am
ES needs to get over 46.50-47.50 area and holds up there at least to start getting out of trouble. Or watch out to the 22 area or more and reversed again, but it still is acting like a bear market

24 Oct 2018 09:34 am
can go up to the 41 area again and 42 at most if going to keep some pressure on for a move to or through 37-36 or more

24 Oct 2018 09:41 am
ES needs to take out 41 and stick a keep going up through 46.50-47.50 without reversing to get going on the upside and should not go back under 38-37 and stick

24 Oct 2018 09:48 am
backed off from 43 and needs to go over that and hold 42 is going to make a move on the upside in avoid a drop back down to or through the 34-33 area by going under 38 and not reversing back up

24 Oct 2018 09:49 am
early high should be in place and bounces should fail. The Dow has a double top made with yesterdays high and the ES is back to its same self by not holding gains and being sold early

24 Oct 2018 09:51 am
and with 33-32 getting broken and held also will really put more pressure on and any kind of bounce should fail from here

24 Oct 2018 09:53 am
31.25 was reached and not under 32 very long and should not get back above 37-38 and stick and then come down and make a lower low at this is going to break down early

24 Oct 2018 09:57 am
35.50 was reached and needs to go over 38 and hold 37 at worst and go back up again for a chance of having a low in. Has to go under 33-32 and stick under 33-34 to put pressure on. Econ data top of the hour

24 Oct 2018 10:00 am
did not holds under 33-32 area very long first time down and will need to break and hold under the if going to breakdown early. Holding under 36.50 keeps the pressure on

24 Oct 2018 10:04 am
so far held the 33.75 and need to go over and keep on moving up through 37 and hold 33 in order to attempt a turnaround but won't go very far before getting sold again. Needs to make another new low soon to keep downside going, take out 30 and go to

24 Oct 2018 10:07 am
another drop should be bought now

24 Oct 2018 10:07 am
has to get over 34 and stick or another pullback which should be bid back up quickly or else market in bigger trouble

24 Oct 2018 10:12 am
a rejection at 28.50 and just over updated support at 28-27 should be a low for a while and can go a bit further before being sold as long as 33 holds at worst at the moment

24 Oct 2018 10:15 am
the ES had trouble around 36 area on a bounce before going to the low and having trouble being broken and held right now and could go back towards the low but could be bought if a new low is made but should not go far again before being sold into

24 Oct 2018 10:15 am
for now as long as the ES is under the 36.50-37 area it should be under pressure and in a downtrend

24 Oct 2018 10:17 am
to go for the 23.50-22.50 area which is halfway back from yesterday's rally from bottom to top

24 Oct 2018 10:19 am
has to take out 28-27 minor support area, and should with strong pressure holding under 33.50 at the moment

24 Oct 2018 10:28 am
bounce from 26 low so far and needs to get over 33-34 and hold 32-31 at the most or else just another failed bounce and needs to make another lower low and sale under 33 after that

24 Oct 2018 10:39 am
you guys, my mom is poor shape and I am getting a lot of messages and phone call and am very much preoccupied. I'll do my best to keep updated but excuse if I'm away for a while without an update. Apologies. Bounces still not sticking and bounces sti

24 Oct 2018 10:43 am
23.50 is 50% retracement of yesterdays rally and 26.50 which was touched 3 times and make that a low to avoid dropping down there, and needs to go over at least 34 without reversing or is it still could be taken out

24 Oct 2018 10:50 am
made it to the 23-22 zone and needs to bounce with gusto back over 26.50 although will be sold there if reached instead of buying coming in. If a break and hold under 23.50-22.50 area, then 18 area or a little bit below must hold and get turned aroun

24 Oct 2018 10:58 am
holding under 28 should keep pressure on although could just be to test the low but if then look for a move to or through 18-16 area. That zone important or else going further down towards the 12.50-11.50 area or possibly a little higher if not good

24 Oct 2018 11:06 am
quick drop to the 13-12 area and looking very ugly today and no "V" bottom going to be made it looks. A move under 2712 opens the door to 2808 and then down to at least 2802-2801 area

24 Oct 2018 11:08 am
2708 minor level reached but a hold under 12-13 keeps pressure on to or through 2703-2702 and maybe more

24 Oct 2018 11:13 am
the 2704.50 level has a chance of being a low for a while, but unless this move takes out the 13.50-15 area without turning back down right away, then things could be changing. But bounces that stall/rejected should still be sold as long as market st

24 Oct 2018 11:14 am
back in about 10 minutes or so. Stalling right at 12.50 bounce high and should roll over of the

24 Oct 2018 11:26 am
after a pretty strong rally of 62.50 ES points yesterday returned to its old self and sold off more than 75% of the move by dropping 50.25 points so far but is now bouncing but not out of trouble unless 22-23 broken above with momentum to hold up the

24 Oct 2018 11:26 am
22-23 broken above with momentum to hold up there – 2715 first or could test/break the low still

24 Oct 2018 11:30 am
should take out the low as we only have a 39 point range so far and that is less than normal of the late and especially with some emotion in the market

24 Oct 2018 11:31 am
39 point day session range. And 50+ point drop from the top

24 Oct 2018 11:44 am
60 minute chart showing the best picture of current downtrend off of the bounce highs (6 of them between 2816.75-2819.25 from 10/16 to 10/17. Bounce high yesterday into bunch of prior support. Starting new hourly bar, 1 tick above third lowest hourly

24 Oct 2018 11:44 am
A low could be in place, but if not then would test or break 2701.25 and if it is a break then probably takes out 2698 and then turn up unless breaking down further to yesterdays low. 2713.50 needs broken/held

24 Oct 2018 11:48 am
don't expect a bounce to be able to stick at higher prices even if they low is in place for now. Going over 13.50 and not getting turned right back down could keep going towards 18 and possibly 23 area which is a ways up there, but also current key d

24 Oct 2018 11:51 am
pullback need to hold 13-12 at worst and turn back up or else another pop-up fails also and chance of going down through 2710

24 Oct 2018 11:54 am
14.50 pullback low holding over 13-12 and has a shot at the 23-24 area where some selling came in earlier and is also around prior support

24 Oct 2018 11:58 am
took out 23-24 and needs to hold 24 and especially 22 area at the moment in order to keep uptrend from breaking

24 Oct 2018 12:03 pm
the token lower low and the immediate reversal up from 2703.75 low started this, but did not get going until going 14.50 broken through and held on a dip and just made bounce high at 28.75, must turned up from 22.50 area for further breakdown towards

24 Oct 2018 12:08 pm
bouncing from 21.25 and as far as it should go and needs to make a higher high over 28.75 to keep this going and not be a failed bounce reversing back down under 20 area again

24 Oct 2018 12:23 pm
I will be away on till around 1:30 or some time before or after that JPEG day on the market and also what I hear about my mom over my lunch break. Another pullback to tests or break 15 at least looks doable if the ES and get moving lower soon

24 Oct 2018 01:12 pm
ES has had another failed bounce attempt dropped to the 2701.75 last listed support at the moment, and with all of these bounces failing this is going to get a bit ugly going under the 2698 level and then holds under 2703.50 area after that

24 Oct 2018 01:18 pm
went under 2700 and turned up without reaching 2698 but still needs to have a bounce take out 2708.75-2710 area at a minimum and stick to attempt a better about before failing again

24 Oct 2018 01:33 pm
breaking down after another failed bounce attempt and 2697 reached and need to go over 2706 area and stick just to get an attempt at a better move higher from this low. A failure stopping at or under 2705

24 Oct 2018 01:44 pm
another drop this time to a slightly higher low although needs to get above 2706.50 at a minimum and especially back above 2711-2712 otherwise ugly action and bigger breakdown can occur.

24 Oct 2018 01:45 pm
should fail and come back down at least 2-3 points and may be more on these moves if not new lows

24 Oct 2018 01:48 pm
I will be back in about 10 minutes or so another pullback coming from 2708.50 down to 2701.75 with those run-up's the stop come down 3-5 points or more. Would keep looking at the kind of action even if the move is up from another pullback.

24 Oct 2018 01:50 pm
as long as bounces continue failing this will eventually take out 2702-2701 last listed support. Back in just a little bit

24 Oct 2018 01:58 pm
should be coming down to another new low on this move. The Dow made a double bottom so far but that could break also and help this move towards yesterdays low down at 92.25 area or lower

24 Oct 2018 02:05 pm
with these large swings it can be difficult holding a position for very long unless using a stop that is about 10 points, however that should be AFTER a good entry close to a bounce high and drop of at least that many points. Right now the ES should

24 Oct 2018 02:08 pm
a bounce back up to around 2700 area should fail and probably shouldn't be reached going down to the 2693-2692 area or more. or a very small chance of a 123 type bottom that still needs over 2700.50

24 Oct 2018 02:10 pm
93.75 so far and it was the 93.50 level where a double bottom was made just above the 92.25 low before the upside got started on Tuesday– but right now the Dow is at its prior early low and if broken by much and no double bottom, ES could keep gett

24 Oct 2018 02:15 pm
Dow barely broke early low and bounced and ES bounced from the 93 level, but not much of a bounce yet and at least needs to break and hold over 2700 just to make an attempt of moving higher, even if it doesn't stick at higher prices. Otherwise is goi

24 Oct 2018 02:16 pm
wasn't good that a poke to 98.50 was rejected and bearish under that now

24 Oct 2018 02:21 pm
attempting to make a double bottom of the sorts both intraday and on the daily chart and the 2:15 PM turnarounds have not been uncommon lately. So shorts covering to take profits likely going on, maybe some some bottom pickers that should end up with

24 Oct 2018 02:23 pm
this 2705 area should be hard to break through and hold as the 20 EMA on 5 minute chart has been describing downside action the last 3 bounce attempts and another rejection bar

24 Oct 2018 02:30 pm
appears that this 2:15 PM reversal will have a chance to stick if it can get above 2709.25-2710.25 area and be strong enough to stick. Otherwise another stall and reversal under that area could go back down sharply again

24 Oct 2018 02:35 pm
well, a double bottom "W" in place and set of a "V" bottom, however the way that the market has been acting lately it's not going to stick and there should be an eventual break

24 Oct 2018 02:40 pm
bounce losing momentum and needs to hold and run up from 2706.75-2705.75 area otherwise it is on its way back down to test or break through 2702 area most likely, and probably at least

24 Oct 2018 02:44 pm
2705.75 held just above so far but a hold under 2710 is keeping pressure on at the moment and unless broken above and held back over 11.50-12.50 prior major support or else breakdown

24 Oct 2018 02:52 pm
this selloff has a chance to take out the double bottom, or it could make a higher low and attempt another run up before closing. Whatever happens the move should fail. This appears destined to take out the 2692 area and move into the low 2680s possi

24 Oct 2018 02:54 pm
this has a chance to selloff until the last 15 minutes or so today, a decent chance of closing at a low but kind of doubt that unless a break and hold under 2693-92 area

24 Oct 2018 03:06 pm
taking out 83.50 without turning right back up and getting back above 96.75 area after that only opens the door to go towards the 2678 area and if broken the 64-62 area is next major area – just in case of a last hour freefall

24 Oct 2018 03:13 pm
so far the ES reached 85.75 and breaking through some areas not seen in a while. Below look for 82 and down at 78-77. 2669.75 area and then down at 2658 is an area that should be reached eventually if not a huge 100+ ES point rally before

24 Oct 2018 03:21 pm
I need to go early today to get some info on my ~89-year-old mom is doing. I will to a fairly quick update again tonight, as I am handling this the best I can. today continue shorting bounces as this is going to keep going and eventually have that 20

24 Oct 2018 03:21 pm
So have a nice rest of your day and I will meet you here in the morning after you have read tonight's update, a few things worth noting

24 Oct 2018 03:50 pm
2669.75 minum supp 63-62 next

24 Oct 2018 03:57 pm
58 if 63-52 broken

 

INTRADAY LOG FOR MONDAY - OCTOBER 22, 2018

22 Oct 2018 09:28 am
good morn buy a pullback

22 Oct 2018 09:30 am
having trouble with by charts on my secondary PC but it should be set up pretty soon hopefully. At the moment the ES needs to hold around 76.50 and go over 80 area and then hold 78 area

22 Oct 2018 09:35 am
needs to take out 80 and hold 78 otherwise they break back down under 76.50 should have a reversal underway holding under 78-78.50 after that

22 Oct 2018 09:41 am
should stay under pressure under 73-74 down to the 68 area or lower

22 Oct 2018 09:44 am
bounce from 68.75 needs to go over 72 otherwise back down to a lower low at or below 68

22 Oct 2018 09:47 am
68.25 reached and has to get over 72 and hold in order to have a chance of being a low in place for a while, but bounces should have a hard time holding even if broken and held

22 Oct 2018 09:50 am
it's going to need to take out 74-75 area and holds 74 on a dip and go back up again just for a shot at the 77.50-78.50 area but currently downside bias still

22 Oct 2018 09:52 am
going for and could break through the 63-62 zone and a key area early to break through and hold under for a bigger down day or Monday selloff

22 Oct 2018 10:00 am
bounce from 57.50 just over the 57-56 area and should test or break 56.50 holding below 64 area which is current downtrend resistance that needs broken and held on a dip

22 Oct 2018 10:08 am
has to keep on going down through 56 support and hold under 60 and especially 62 at highest or else could be making a bottom for a while. Pressure will stay on holding under 60 otherwise

22 Oct 2018 10:11 am
will need to have a good bounce from 55 take out the least 60 and that have a quick reversal back down to have a low in and get a better bounce

22 Oct 2018 10:13 am
broke to 60 but should need to take out the 62 area now and hold 60 after that to avoid just being a pop-up that is failed instead of potential low for a bit

22 Oct 2018 10:18 am
this should still be under pressure holding under 61.75-62.25 area at the moment, and must take out and said about from around 56-54 otherwise can go to or through the 48.50-47.50 area if another decent push lower

22 Oct 2018 10:22 am
another new low and will need to get over 57.50 area and stick and keep going over 62-63 after that to turn the trend around and have a low in place for a while at least

22 Oct 2018 10:24 am
pressure will stay on holding under 56.50-57.50 area for now. Could be pivotal area

22 Oct 2018 10:27 am
56-57 would need to be taken out and then held on a dip and on the way to or through 62 and hold 60 after that next to have a turnaround, but pressure stays on still holding under 56-57 at the moment to the 48.50 area or higher. Should not break or u

22 Oct 2018 10:33 am
could be headed to or through 48.50 if they hold under 54.50-55 and another push lower. Right now flattening out and could pop-up any time

22 Oct 2018 10:33 am
50 should hold now otherwise breakdown to or through 48.50 area and have a bigger move lower instead of a low being in place and start of a decent bounce attempt that fails

22 Oct 2018 10:40 am
should hold and needs to hold the 57-56 area again now or else could be on the other little breakdown if it comes down from 62. A break over 62 and hold of 60 can keep this in a good uptrend though

22 Oct 2018 10:44 am
trend change and with the pullback holding 60 gave another run up so far to 64.75 and still needs to get over 68 area to be in neutral territory for the day and if so must hold 64 area or pullback to the least 62 again

22 Oct 2018 10:53 am
should be a bounce high in place and bigger pullback from here and must sold 70 or else go to or through 68 and possibly 66

22 Oct 2018 11:02 am
63-62 is halfway back down from bounce high to the low and the support needs held otherwise breaking down again and another bounce after should fail. So far bouncing from 67.25 and would need to get over 71 and not turn right back down without knowin

22 Oct 2018 11:04 am
should not go over 71-72 and stick to have a decent chance of going lower under 67.25 to around 63

22 Oct 2018 11:10 am
rejection of 72 area should go to 66 or more and possibly to 64-62 area which must hold to avoid another breakdown of some sort or else leave a decent top in place a while

22 Oct 2018 11:12 am
64.50 reached and 64-62.25 area was a double bottom last Friday and going back under that zone again and holding would put pressure on another time to go back to test the low area or at least come to around 58-57 area coming right down through 62 wit

22 Oct 2018 11:17 am
came down to 63.50 and just above that updated support and early initial support and also about 50% back down from the low to the 74.75 bounce high, and pivotal area now that must hold to rebound, avoid breakdown to work through 60.50 then 57-56

22 Oct 2018 11:23 am
need to go over 72 without reversing for a shot at a token higher high at 75 or a lower low around 72-73 that is reversed at a lower high for a 123 type of top

22 Oct 2018 11:26 am
if another pop-up it should be sold at or below 73

22 Oct 2018 11:28 am
topping out up here and is vulnerable as long as it's holding under 72.75 right now

22 Oct 2018 11:36 am
failed bounce attempt came back to 62 so far and a hold under 66 area keeps pressure on to test or break 60 and then the 58-57 area. A move back over 68 that isn't turned right back down could make another lower high and reverse

22 Oct 2018 11:42 am
should keep counting on down to or through 58-57 holding under 62.50-63 area

22 Oct 2018 11:47 am
63 should be a pivotal area now and dates to break and hold above that to attempt a reversal up but again bounces are not sticking so bounce from the Dow testing its low area needs to clear/hold 63 just to go up toward 68-70 at most before failing. I

22 Oct 2018 11:49 am
65.50-66.50 area is next to clear and hold to keep uptrend from another failure this time around 64 area

22 Oct 2018 11:51 am
pullback from 64.50 needs a bounce from 63-62 or else can keep going down to or through 60 and possibly 58-57

22 Oct 2018 11:52 am
needs to get over 64.50 and not get turned right back down just to attempt getting into neutral territory and avoiding a move back towards the lows

22 Oct 2018 11:54 am
58 57 s update and about 10 minutes or so

22 Oct 2018 11:59 am
bounces have all been failing again today and this is still under pressure holding under 60-62 area. Would need to go over 64 with some gusto and stick for a change to get a turnaround attempt, not likely at the moment so should keep the and sold

22 Oct 2018 12:04 pm
another failed bounce attempt and needs to take out the 58 area now for this to keep its move lower going and not go back over 62 instead

22 Oct 2018 12:09 pm
bounce back over 64 and currently holding 62 and now needs to go back over 64 and hold instead of another failure on this move

22 Oct 2018 12:11 pm
all of these bounces are going to continue failing and could go back to a lower low on this move or another pop-up that fails at another lower high should come back down to the lows or lower

22 Oct 2018 12:18 pm
54 reached so far but another bounce should hold under 57.50 and especially 61 at the very highest to keep failing on bounce attempts, with little run-up possible at a higher low on the first move down towards 51, should hold 52 for a little higher o

22 Oct 2018 12:18 pm
move down towards 51, should hold 52 for a little higher or else take out 51 and go to or through 48.50 or more

22 Oct 2018 12:33 pm
bounces have been failing and turned up from 52.75 and just under 2 points from the low of the day and as long as a hold under the 61.50-63 area it looks like pressure will stay on and bounces continue failing

22 Oct 2018 12:36 pm
I will be away until around 1:20-1:25 but will update before then when possible. A couple of Monday phone calls but will do my best. The best any kind of bounce should do would be up to around 61.50-63 if going to come back down again rather than bot

22 Oct 2018 01:38 pm
so far we had had a 29.50 point drop from its high to low, 23.75 point bounce, 22 point drop, and 13.75 point bounce to test or break the little double top at 66.50-66.25 at 1:15 and should go through that if a hold of the 58.50-57.50 zone now before

22 Oct 2018 01:43 pm
another failure if the 64 level is not taken out and then turned up with gusto from 63 area if a dip after that. but should be sold down again if another pop-up around 65-66 rejected

22 Oct 2018 01:44 pm
or just holds below 64

22 Oct 2018 01:45 pm
but current uptrend not broken unless 61 area taken out again. At the moment 63 area needs held for the uptrend to continue to 66 area or just below

22 Oct 2018 01:47 pm
has to be another failure up here under 76 for this to go back down again

22 Oct 2018 01:51 pm
these bounces are going to keep failing the rest of the day and the short side still the side to be on on any kind of bounce attempt as they should either stall or shows rejection just before making a turn like they have been, rejecting the last boun

22 Oct 2018 01:54 pm
would just focus on the short side and be short if already than on any other countertrend move back up to around the 61.58-63 area. Bounce off of prior major area that has been crisscrossed several times

22 Oct 2018 02:00 pm
there has been buying coming in at the low 50s twice today, and between the 57-56 zone and 48.50-47.50 area and that this action continues we should be going down to or through 48.50 new low before the end of the day, and that area could have their

22 Oct 2018 02:03 pm
in case of a break of the 51 low on another push lower, 48.50 would be next and that was last Monday's close on the low for the day, and then Tuesday opened 25 points higher. Could be your pocket drop to /through 43-42 if broken– could go even furt

22 Oct 2018 02:05 pm
stalling under 59.50-60.50 area, but also holding 57 but that should be easier to break below and stick soon if it's going to happen, but if there is a move over 60.50 it must not turned down otherwise bigger break lower

22 Oct 2018 02:06 pm
should be able to hold 57 now for this bounce until the either stalls out or shows some rejection after going for several minutes if able

22 Oct 2018 02:09 pm
only a 1 minute run-up and a 1 minute stall and turned back down from 60.75 and probably will hold under 62-63 previous first support and break 57 bottom of this range for further breakdown. Stays bearish under that resistance

22 Oct 2018 02:12 pm
a big longtail coming off of the 62.25 level which was a low from last week and was important support for today and unless broken and held still bearish with those kind of spikes reversal moves and stalls continuing

22 Oct 2018 02:18 pm
at the moment the ES is still able to hold just over 57-56 major area for today and has not spent a whole lot of time below that area, and if it's going to break down it will happen a little later in the afternoon. Another feeble bounce that fails co

22 Oct 2018 02:19 pm
these areas have been able to hold for a while but eventually have been broken through during recent days and breakdown more likely than breakout on the upside with those tails showing lack of buying interest up there for sure at the moment anyhow

22 Oct 2018 02:31 pm
this has been going sideways since 2 PM and about to break down and should get momentum if it does and go for the 53-51 area, but if not then a reversal could start a bounce that fails not too far off of pullback low

22 Oct 2018 02:32 pm
should hold under 59-60 area

22 Oct 2018 02:33 pm
if not then there could be a little run-up that gets going but likely sold like the others as soon as the upside stalls or there is rejection again on a pop-up – but pressure still on under 59-60 right now

22 Oct 2018 02:36 pm
there is a decent bid just above 56 bottom of support zone at 57-56, and looking like a move to that area that just turned back up above it made a low of some sort and should get a decent pop-up

22 Oct 2018 02:37 pm
decent pop-up starting just after sending last update, 61-62 area needs to be rejected again

22 Oct 2018 02:39 pm
a pullback now should hold around 60-59 area and get turned right back up again and go up with some gusto and take out 62-63 otherwise that area likely will not be reached or at least broken and held if it is reached, unless things have completely ch

22 Oct 2018 02:44 pm
must bounce from over 59 otherwise it's gone too far again and another pop-up if there is one before a breakdown will be sold into again

22 Oct 2018 02:46 pm
keep an eye on the Dow cash in case it begins to roll over this afternoon, or try breaking out on the upside which would take a move over 25,375 which is not far from. That's at that 61-63 area on the ES

22 Oct 2018 02:49 pm
look for a pullback from around 65-66 area and if no sign of a turn it could keep going towards 70 area but if a pullback and then 61-60 looks like it needs held

22 Oct 2018 02:51 pm
65 reached and small rejection so can keep on going a bit further if a pullback is turned up from 62-61 or else keep going down to or through 59

22 Oct 2018 02:52 pm
another high like all the rest if no good bounce from 62-61 area appears right the moment. If broken 59 or more

22 Oct 2018 02:54 pm
needs to hold here at 61 on this failure otherwise keep going to or through 59-58. Going back under the 57-56 area needed to reverse the whole early afternoon range

22 Oct 2018 02:55 pm
away for about 5-10 minutes

22 Oct 2018 03:10 pm
must stay over 64 or go towards 60 or 58-57

22 Oct 2018 03:11 pm
73.50 if run up

22 Oct 2018 03:14 pm
lost voice software / 64 key pivotal end of day

22 Oct 2018 03:15 pm
reject

22 Oct 2018 03:17 pm
68 top

22 Oct 2018 03:20 pm
short under 68 62 need broken held under 66 have a good day

 

INTRADAY LOG FOR FRIDAY - OCTOBER 19, 2018

19 Oct 2018 08:10 am
the ES is going to open quite a bit higher and should pullback from under 86-87 on the open and come down to or through 81 and possibly back to the 78.50-77.50 area or more

19 Oct 2018 08:14 am
overnight high on Globex trading was at 85.50 and 2 ticks under the 86-87 early major resistance and should have trouble breaking and holding over that area early

19 Oct 2018 08:22 am
86 reached and rejected and came right back down to 83.50 where the run-up started and looks like they break under 81 is needed to turn this down although still a short at or under 86-87 in the early going

19 Oct 2018 08:30 am
would need to go back over 84.50 and stick at a minimum to try taking pressure off from the drop from 86 and give the 86-87 area a chance of being seen. Pressure on under 83.50-84.50 now

19 Oct 2018 08:40 am
78.50 area next holding under 83

19 Oct 2018 08:56 am
bouncing a bit off of the 79 level and 78.50 area needs to be broken through next and held under 81-81.50 area now in order to keep good downtrend off of the 86, although was could test 83 which could be pivotal

19 Oct 2018 09:19 am
pre-open the high at 86 (the 86-87 early major resistance area) was rejected and then a 2 minute stall before turning down and rolling over to 79 (78.75-77.50 prior initial resistance) and should not get back over 83-83.50 area and stick or could go

19 Oct 2018 09:26 am
getting a run-up from 82 and will need to hold there on the way down to avoid breakdown towards 78.50-77.50. A hold over 83-82 needed for a shot at the 86-87 area another time, although still doubtful, during regular trading hours

19 Oct 2018 09:30 am
a short up here on any kind of run-up the stalls out

19 Oct 2018 09:33 am
going back under 77.50 and holding under 79-79.50 area after would put pressure on

19 Oct 2018 09:34 am
should be a bounce high in place

19 Oct 2018 09:37 am
could be another run up towards the high if 81.50-82.50 broken/held but if not then still can come down to or through 78.50-77.50

19 Oct 2018 09:39 am
82.50-82 area should be important support on a dip to turn up from to avoid topping and not reaching 86-87

19 Oct 2018 09:42 am
86-87 broken through and needs to hold 87 now otherwise begin a pullback of some sort likely to or through 85-84 if it goes back under 87 without turning right back up.

19 Oct 2018 09:44 am
top should be made in the first 40 minutes, we get some Econ data at 10 AM. At the moment with the ES getting to 2790 so far and stalling a bit, it needs to hold 87-86 at worst to avoid possible reversal down

19 Oct 2018 09:47 am
92 resistance poked above and a move back under 88.50-88 can mean a reversal bar and leave a high in place going into the 10 AM number

19 Oct 2018 09:50 am
has to get back over 92 and stick or else a top here at the 91-92 area on a move back under 89-88.50 area without a quick reversal especially

19 Oct 2018 09:56 am
needs to hold 92 area and especially 90 now in order to keep a good uptrend on the 1 minute chart and rising,

19 Oct 2018 09:57 am
however beware of a turn to come soon between now and if not a top here at 95 then around 10:10 AM

19 Oct 2018 09:59 am
daughter about to give birth to my first girl grandchild any minute. Should be well-timed with this top. ;-) a move back under 90 that holds under 92 looks needed for this to roll over more and possibly quite of the

19 Oct 2018 10:03 am
small pullbacks on the economic data still holding over 90 and 18 EMA on the 1 minute chart and unless/ broken still in uptrend to test or break through 97.50-98.50

19 Oct 2018 10:05 am
2802-2803 if this does not reverse back down under 98-97 and stick

19 Oct 2018 10:07 am
2800.50 high so far right in between two zones at a round number and a pullback could come from here that would need to hold at four above 98-97 or else could keep billing to or through 93-92 at most. If 90 is broken things will change, but looks lik

19 Oct 2018 10:11 am
the ES will need to hold around 94.50 and rising at the very most, and really should hold 96.50 or else a top should be nailed in at least for a while.

19 Oct 2018 10:11 am
a short under the high

19 Oct 2018 10:14 am
a high was put in it looks like and especially breaking back below the 94 area and not getting turned right back up again. A bounce should hold at or under 98 now

19 Oct 2018 10:18 am
pullbacks the stall for a minute or so have been getting bid back up, so watch that if there is another pullback even if it doesn't go far. Right now it's still the 94 area that needs broken/held under next, while holding under 98-98.50 right now as

19 Oct 2018 10:22 am
this bounce from 94 updated support needs to keep billing and take out 98 without being rejected otherwise it's going to have another push lower that takes out 94 on the way to or through 90

19 Oct 2018 10:25 am
heading down to torture 94 and if it goes through then 91 area needs held otherwise could be a bigger breakdown by going through that area without a decent rebound

19 Oct 2018 10:27 am
still headed to the 92 and possibly 90 area on this move down

19 Oct 2018 10:29 am
a good offer and should be hard to bounce back without going to the 91-90.50 area at least and possibly lower first

19 Oct 2018 10:34 am
ES is bouncing back from just above the 91.50 level and making another run up, and if a double top is not made then 2802-2803 would be tested or broken. A double top needs to come down through 96 and hold to attempt reversal

19 Oct 2018 10:37 am
with the ES breaking and holding 78 resistance on the open and then running up and holding 92-91 so far on a pullback, we have a double top in place from 92-91 and taking out 94 could keep coming down through that zone for a bigger breakdown

19 Oct 2018 10:39 am
double top coming down through 92 should mean bigger drop underway after a feeble bounce attempt fails under the high

19 Oct 2018 10:42 am
all bounces should be failing now on the way down to or through the 87-86 area next if only a feeble bounce from 90

19 Oct 2018 10:50 am
bounces should continue to fail and continue going back to or through the 87-86 area holding under 96 at the most

19 Oct 2018 10:51 am
holding under 95 at the most, and really shouldn't get up there but keep pushing lower instead

19 Oct 2018 10:58 am
bounce from 89.50 so far will need to take out 94-95 and hold around 94 after that in order to attempt to get back into an uptrend, but still have trouble holding at higher prices

19 Oct 2018 11:01 am
another decent pop-up, that should have trouble holding at higher prices and come down again for a small pullbacks at the least before another push higher

19 Oct 2018 11:01 am
update in about 10 minutes or so

19 Oct 2018 11:08 am
another run up is possible however it will be sold into like these others have, so careful on the long side not to overstay your welcome. In the same on the downside until there is a break of the 90 area not turned right back up, which should happen

19 Oct 2018 11:11 am
you might want to keep an eye on the Dow cash also, as it has been going sideways also and could break down before the ES and lead the way down on a move under 25,525 on the Dow

19 Oct 2018 11:17 am
we are getting some very choppy sideways action with neither side sticking right now. these bounces that get rejected on a 1 minute chart or stalling for about 2-three minutes have set up quick pullbacks. Those are being quickly reversed up on quick

19 Oct 2018 11:19 am
must bounce again from around 92 or else could be possible breakdown at last

19 Oct 2018 11:19 am
another pop-up should fail like all of the others have been also. A short under the high at the most

19 Oct 2018 11:21 am
should not go back above 95.50-96 if it's even reached again very long. Should be breaking down though

19 Oct 2018 11:23 am
86.50 or more possible on this move

19 Oct 2018 11:26 am
so far holding just over 86.50 and will need to hold under 91-92 at most in order to keep pressure on to keep going to or through 86.50 on this move

19 Oct 2018 11:32 am
86.50 reached and needs to bounce with gusto back over 88.50 and hold 88 for a shot at the 92-92.50 area which would be a pivotal/ resistance area area if reached. The support/target at 84.50 and then back towards 78.50-77.50

19 Oct 2018 11:34 am
84 easily reached but holding at the moment but should keep going lower to or through 82 and possibly under 78 on this move down

19 Oct 2018 11:39 am
headed for the 78.50-77.50 holding below the 84 area on a bounce at/or below 84-85 at most it looks on a bounce attempt

19 Oct 2018 11:42 am
covering part of short position with this stalling out at the moment just over 80.50 and also just over the 78 day session low and prior first resistance, could slide towards the 72 area if broken

19 Oct 2018 11:44 am
if short from higher up around 96 or even if you entered late, cover part of the short at 82.50 or better right now and keep half on as a low could be in for a bit if 84 broken

19 Oct 2018 11:45 am
next update and about 10 minutes roughly

19 Oct 2018 11:54 am
only a feeble bounce back to 86.25 and attempting a double bottom but probably should breakdown instead to or through the 78 area

19 Oct 2018 11:57 am
attempting a double bottom but needs to get over 86-87 area and hold 86 area after that in order to get going back up although not all the way to the high

19 Oct 2018 12:00 pm
getting back over 88.50-89.50 and holding up there the first time should be hard and have a pullback of some sort around 89.50 at the highest

19 Oct 2018 12:03 pm
getting a pullback and needs to hold around 85 and quickly reverse if going up to the 91-92 zone again, and 92 is where downside began to get momentum for the breakdown

19 Oct 2018 12:06 pm
85 held and turned up and should have trouble breaking and holding 90 but just in case the 92 is where the breakdown Momentum and should be some good resistance

19 Oct 2018 12:09 pm
I guess I'm not the only one who feels this is acting like it did before the crash in 1987, just not the same percentage moves(at least yet) although I don't think were going to drop 23% in one day, but it is a bearish acting market. Still a short as

19 Oct 2018 12:12 pm
covered half of a short position and should be at least partially short something, and a stop at 95 for now.look to reenter the other part already taken off on another bounce, missed this being such a wimpy bounce

19 Oct 2018 12:15 pm
I will be back around 1:15 and will try to update before then but good likelihood I will not be able to today. This should end up taking out 78 and more so say was shorts

19 Oct 2018 12:17 pm
and bounces should continue to fail, so another bounce attempt reenter the part of the trade covered earlier around 82. Back in a while

19 Oct 2018 12:20 pm
if they go right through 77 then opens the door to go back towards the 73-73.75-71.75 closing range from yesterday

19 Oct 2018 01:12 pm
the ES just bounce back to the 78.50 resistance and is backing away after bouncing from 67.25 level and just over 67-66 support. That 67-66 area is also about the middle of the range from 2712 up to 2819 and going to need to hold the low or drop to o

19 Oct 2018 01:12 pm
going to need to hold the low or drop to or through 57-56 low area from yesterday, leaving bearish patterns

19 Oct 2018 01:39 pm
the ES bounced the 283.50 so far which is a 50% retracement of today's range also, and should be a bounce high if this is going to have another decent pullback from a failed bounce attempt

19 Oct 2018 01:42 pm
still vulnerable holding under 83.52 go back towards the lows if buyers back away again

19 Oct 2018 01:48 pm
keep an eye on the Dow cash as it needs to take out 25,525-25,532 area and stick or else it could roll over from where it is currently in a tenuous position

19 Oct 2018 01:54 pm
small bounce also failing at 79.50 and holding under 80 will keep pressure on to go back down to take out 75 and go for the 72 area or more and possibly the low

19 Oct 2018 02:02 pm
the market hasn't acted very well again today with the poke over 98.50 and right back under 98.50 and held after 10:05 which led to the breakdown, and rebound had top with tails at 83.50 twice. feeble 50% retracement bounce off of 67 support, failed

19 Oct 2018 02:04 pm
the Dow has rolled over, keep an eye on that as it needs to keep dropping down under 25,410 for a bigger breakdown there also

19 Oct 2018 02:06 pm
came down to the 67-66 area with good momentum to go down towards 57-56 or more before this is over

19 Oct 2018 02:08 pm
downside losing momentum and can bounce

19 Oct 2018 02:11 pm
bounce will fail though and should go down to or through the 57-56 area still however and probably lower if this kind of poor action for the Bulls continues. Pressure stay on holding under 68-70 at most right now it looks

19 Oct 2018 02:14 pm
you still should have on part of a physician from 96-97, or may be a couple points lower if you gap in late, but looking for 57-56 or more still holding under 69-70 area especially

19 Oct 2018 02:18 pm
needs to have a quick run-up take out 72, otherwise pressure stays on and should test or break through the low going towards 57-56 on a break under the 62 unlisted support but updated

19 Oct 2018 02:24 pm
low for the day at 2:10 PM and bouncing back and needs to be able to hold and turned up from 72 area if it strong and not just another run up that will come back down to or through 70 instead

19 Oct 2018 02:30 pm
well, it was beginning to look like the market could break down this afternoon, and it still could if this bounce was too soon, but this move needs to have topped out, or do so on one small pop-up that is turned down from 74.50-75.50 very soon. Othe

19 Oct 2018 02:39 pm
the VIX made a reversal down from a high at 21.08 at 2:10, coinciding with the ES reversing and it is dropping again and touching or going under 20 and turning up would be a red flag here

19 Oct 2018 02:46 pm
if the market is going to continue acting poorly at the end of the day, it should fail here and head back down towards at least the 66-65 area and maybe even more

19 Oct 2018 02:47 pm
but if not and it gets over 74 and is able to stick above that level, then it may be out of trouble for a while and put together a better bounce into the close. 74-75 area important to get back above/hold

19 Oct 2018 02:51 pm
market wants to keep the rally going from 2:10 PM, and will need to be able to hold over 77 after taking out the 78.50 area again. Unless that area is broken through, another pullback from 77-78. Pivotal area and of day it appears

19 Oct 2018 02:54 pm
should begin to come back down soon if that's of course it's going to take, otherwise a move over 77 needed to get any upside traction and avoid late day pullback

19 Oct 2018 02:57 pm
a short with a stop 77.25 which should not even be poked up to if this is going to break down and status attempt a bigger move higher. Tiny risk, decent sized profit potential

19 Oct 2018 03:00 pm
need to hold under 74.75 or else could be heading back up again and put a stop there

19 Oct 2018 03:07 pm
you could have scalped a couple of points out of that move, but in any case if you sell are and with a stop in place and look for 66 at least if this can keep going under 70 at a minimum and possibly back towards the lows.

19 Oct 2018 03:08 pm
also, if you are still in the partial position from near the highs for a swing trade I am going to hold it over the weekend as long as this does not go back up and look like it's going to close over the 77 area

19 Oct 2018 03:11 pm
got in at a good price and more than just a day trade from the 77 bounce high at 2:50 PM. This could be an important low if 72 broken and able to hold. That should be important area on this bounce and bearish unless broken without getting turned righ

19 Oct 2018 03:14 pm
70.75 bounce high and still holding under 72 keeping pressure on and now needs to go under 67.50 and hold under 70.50 after that at the highest to still be bearish position

19 Oct 2018 03:16 pm
still having a lower and this looks like it could go back to or through the lows for the day

19 Oct 2018 03:23 pm
market is looking like it is going to refuse breaking down, but go up towards 77 but have a hard time getting through 77.50-78.50 and holding, so beware of a potential reversal again from that area or lower. Should not see the 66.25 level again unles

19 Oct 2018 03:28 pm
this is going to hold up for a move towards 77 but likely turns down at or under 77.50-78.50, otherwise get further short covering possibility go to or through 81.50 which is 50% retracement again

19 Oct 2018 03:30 pm
in the last 30 minutes of the week that ES will need to take out 78.50 area and hold around 77 area in order to keep upside going strong and avoid another pullback of some sort, which could come from just above resistance or around 81.50 area

19 Oct 2018 03:32 pm
bouncing back and rejecting 2777.75, right in the 77.50-78.50 area, and could back away for an end of day pullback however would need to break and hold back under 76 area in order to begin heading lower it appears

19 Oct 2018 03:34 pm
have a great weekend! I will send you an update on Sunday, and then meet you here on Monday morning.

 

INTRADAY LOG FOR THURSDAY - OCTOBER 18, 2018

18 Oct 2018 09:18 am
good morning. I am having problems with charts on my second PC and am basically watching with one eye blind until I can get resolution, hopefully at or before lunchtime break. Anyhow, an open needs to bounce off of 2800 area with gusto or could see 2

18 Oct 2018 09:22 am
but a bounce likely needs to hold under 2808.50 area, and not turn right back down through 2806 and stick if it is broken through.

18 Oct 2018 09:22 am
I will update a little bit after the open

18 Oct 2018 09:32 am
has to turned up and go over 2802 and stick and should test 97 area at least

18 Oct 2018 09:36 am
should be a turnaround if 92-91 stalls or quickly turns up but if broken right through instead then 87 next

18 Oct 2018 09:38 am
bounce off of 92 needs to get back over 96-97 area and hold 96 on a dip in order to have a shot at going back to or through 2800 area

18 Oct 2018 09:41 am
a reversal bar and move towards 2800 only if 2797 is broken and held at or above 96 after going over 97

18 Oct 2018 09:46 am
needs to hold 97 area and get over 2800 otherwise and stick or else had back down towards 2792-91 again

18 Oct 2018 09:49 am
needs to keep holding 97-96.50 at worst and go through 2800-2801 and hold 2800 in order to keep going up towards 2805

18 Oct 2018 09:55 am
could not get over 2802 and unless that is broken and held the market will be under pressure this morning to test or breakdown under 92

18 Oct 2018 09:58 am
there will need to be a good double bottom type of pattern made and a run-up was some gusto from the 92 level or higher, but even then it could just be a bounce if that happens unless no stopping and goes over 2802. But right now pressure still on ho

18 Oct 2018 10:02 am
need to bounce back above 94.50-95.50 area and hold at 94 at the lowest and go up again from there, otherwise pressure still on holding under that area

18 Oct 2018 10:03 am
going back under 93.50 could mean a break through the double bottom at support

18 Oct 2018 10:08 am
94 held and ran up to 98.50 and now needs to keep billing over 2800 or else reversed back down and could take out 94 and if so break through double bottom likely

18 Oct 2018 10:12 am
sold off from 98.50 back to the low again and bounces should keep failing under 98.50 in order to stay in a bearish mode and break the 2792 area before taking out 2802

18 Oct 2018 10:18 am
keeps bouncing from 92-91 major support, only going under for a millisecond and is going to leave a bottom in place unless it happens to go back down and hold under 2800

18 Oct 2018 10:22 am
can back away again from under 2800 but should not go far and should bounce from around 96-95.50 in order to have a chance to keep going up to or through 2800

18 Oct 2018 10:25 am
breaking through 96-95.50 and not turning up with some gusto could go back towards the low area instead, as that is just above the middle of the early range

18 Oct 2018 10:33 am
took out 2820 802 and should keep on going even if another small pullback as that should hold at or over 2800 area and especially 2797.50 in order to keep a decent bounce going

18 Oct 2018 10:38 am
we had 2 pullbacks from 2802 resistance down to 2792-91 support and taking out 94 and especially 96 and 2800 keeping this and bounce back mode, and should hold 2803-2802 to avoid rolling over a bit and have a shot at 2807-2808 area next

18 Oct 2018 10:43 am
2807 just missed and backing away but if 2802 continues holding the uptrend is still intact and can make another push higher

18 Oct 2018 10:54 am
the move loss gas from 2807 updated resistance and will need to have a good move up from 2802 otherwise begin to back down some at least test or break the 2800 before another bounce attempt.

18 Oct 2018 11:01 am
bounce from 2802.50 support up to a new high at 2808 and 2809 is a 50% retracement from the 17.75 high made just before closing yesterday, and if 2804 broken 2802 or more has a shot also

18 Oct 2018 11:06 am
should have a high in place with this aggressive selling off of the high for the first time not counting the open. Any bounces should fail now and come down to or through 2798-2797 area

18 Oct 2018 11:12 am
came down to 97.25 and a little pop-up failed and should make another push lower to or through 94 area and maybe 2792-2791 area again

18 Oct 2018 11:17 am
came back down to 96 where some good buying was coming in after turning up from the low, and taking out 96 area and only having a small bounce after needed to break down towards the low area if that's going to happen. Has to get over at least 99 area

18 Oct 2018 11:22 am
just took out the 96 level and dropped right down to 94.50 and could keep going to or through 92-91 again and must bounce with gusto to avoid break of possible double bottom and instead can go to or through 88.50-88 area or more

18 Oct 2018 11:26 am
double bottom possible now that 90.75 has been reached. If broken by much or turned down from 95 or lower than could still have an open door to go to or through 2788.50-2788 area or a bit more towards 84 area if bigger breakdown instead of a good dou

18 Oct 2018 11:32 am
87.75 reach so far and next is the 84-83 area and needs a good reversal from that area or higher otherwise headed to 78.50--77 area which is important prior high area and prior breakout area

18 Oct 2018 11:37 am
almost to the 78.50-77 zone already and should be about as far as this goes before a bounce attempt back towards 86 area and maybe a bit more would still keep it in a downtrend right now if it stops at or under that area. 83-84 is first to get over a

18 Oct 2018 11:41 am
market coming apart to easily now, and if we just get feeble bounces today this could be one of those sizable down days before it's all over with, if 78-77 area broken and by enough or with good momentum that it holds under 80 area. 85 rejected and h

18 Oct 2018 11:45 am
tiny double bottom at 79.25-79.50 that should be broken as long as the ES holds under down sloping 18 EMA on 1 minute chart currently at 85 and coming down

18 Oct 2018 11:47 am
target at 76.50 reached and now needs to hold under 80 area and 82 should be maximum. Some support around 72 just below and then 68.50-67.50 area a major area to avoid sizable down day if not reversed with gusto back over 78-79 sticks

18 Oct 2018 11:51 am
68.50 then 58.50 and then 48.50 and then 32.50 are the major areas on the way down, just in case. It's going to need to hold or bounce was some gusto from the 68.50-67.50 area it looks to avoid 58.50 and then 46.50 and case

18 Oct 2018 11:54 am
68 reached and turning up a bit, but keep an eye on the 1 minute chart and the 9 and 18 EMA which it has been guiding on the way down and should take out the 18 EMA to break current downtrend at 77.50 right now

18 Oct 2018 12:02 pm
20 point move from the high to the low so far, only about 1/2 of the average range over the past 6-7 days, and turning down from 18 EMA on 1 minute chart again could put it at a lower low on this move unless/until broken to change dynamics for a bit

18 Oct 2018 12:11 pm
unless 77.50-79 zone is taken out and held at or above 77 and go back up again, the ES stays under pressure holding under that zone and feeble bounces should keep failing and testing/breaking low area

18 Oct 2018 12:16 pm
I will be away around 1:15 and may not be able to update but will if possible and necessary ASAP. ES would need to get back to the 78 to retrace 1/4 of the drop, and up to 88 area to retrace 1/2 of the drop from high to low so far. Still bearish unde

18 Oct 2018 12:29 pm
double bottom now at 68-69.25 area, but should be sold when this bounce stalls another minute or less or shows some rejection and/or breaks under 77.50 without popping right back up

18 Oct 2018 01:13 pm
the ES reached and reversed at 85.50 and is coming back down towards the lows again and will need to make a double/triple bottom or else likely keep going on down to the low 60s if no sign of a turnaround with some gusto

18 Oct 2018 01:17 pm
it appears the ES needs to get over 75.50 at a minimum to avoid a test or break down through 68 area

18 Oct 2018 01:21 pm
it's going to be a bad day with the Dow closing down 400 points again today the way that this is acting and taking out the 68 area. If it's going to do that though it probably should stay under 77.50-78.50 area at most, and should really get all that

18 Oct 2018 01:21 pm
next support is around the 58.50-58 area

18 Oct 2018 01:23 pm
65.75 low so far exactly 50% retracement from 2712.25 bottom up to the 2819.25 top and likely heading back towards 2712 or more before this is all over with

18 Oct 2018 01:25 pm
or at least before there is a rally like yesterday back up, but goes up in an up, down, up kind of move instead of a mostly trend up move. Should bounce from 62 or else go on towards 58 next

18 Oct 2018 01:35 pm
small bounce resistance now at the 68.50-70 area and if broken then would need to hold at or above 64.50-63.50 otherwise another drop to another lower low around the 58-57 area.

18 Oct 2018 01:39 pm
This is headed much lower the way it's acting after getting across-the-board oversold, and then 2 most trusted short-term gauges (RBI oscillator and 3 Day thrust) got overbought in such a short amount of time, the VIX getting cut in half from its hig

18 Oct 2018 01:39 pm
This is headed much lower the way it's acting after getting across-the-board oversold, and then 2 most trusted short-term gauges (RBI oscillator and 3 Day thrust) got overbought in such a short amount of time, the VIX getting cut in half from its hig

18 Oct 2018 01:39 pm
This is headed much lower the way it's acting after getting across-the-board oversold, and then 2 most trusted short-term gauges (RBI oscillator and 3 Day thrust) got overbought in such a short amount of time, the VIX getting cut in half from its hig

18 Oct 2018 01:41 pm
right now the ES is still being guided by the EMA's on the 1 minute chart again and need a bounce over 65.50 get over it and avoid this continuing drifts lower that can snowball or just keep on going

18 Oct 2018 01:44 pm
58-57 area reached, there is the 48.50 area next which is another major area on the way down to 2712 area, and could be in play today with this going to close down 400-600 Dow points today

18 Oct 2018 02:01 pm
first sign of a rebound attempt, however unless there is a good move with gusto that gets over up to at least 67.50 and can hold 64 on a dip and turn up again,

18 Oct 2018 02:03 pm
just took off right after hitting send button and now needs to hold 64-63 area at the worst to keep a good uptrend

18 Oct 2018 02:08 pm
it looks like the Dow my ovoid having a 400-600 point down day as long as it holds over 64 area now as that is a new pivotal area that should not be broken unless the market is in poor enough shape that it goes back to another lower low

18 Oct 2018 02:11 pm
there was and 18.50 point bounce from the 68 low and an equivalent bounce from the 56.50 low would be at 75 if equal on this bounce, but coming back down again and 64 needs held or else pop-ups should still be failing

18 Oct 2018 02:15 pm
careful with any trades on the long side, as it doesn't look like they are going to go very far before being sold and you might just enter and get stopped out less than a minute later,would stay with shorts until something changes

18 Oct 2018 02:25 pm
most likely some short's taking profits and some new buying coming in down at 63-62 and should hold that but back away a bit from a move just over the 73 area and 74-75 should be watched for a turn, and if no sign of that it could reach 77.50-78.50 a

18 Oct 2018 02:28 pm
now a pullback will need to be small and hold around 70 or else can keep on coming down to around the 67-66 area or keep on coming down to slice through 64 which is a key area to hold now to keep a choppy uptrend for now

18 Oct 2018 02:40 pm
not very impressive action however dips are being bought at the moment but needs to take out at least the 75 level and especially get back above 77.50-78.50 area, and not immediately turned back down like it just did at 74, and should be hard getting

18 Oct 2018 02:42 pm
that should be a top at 74 but if not then 74-75 should be hard to get back above and hold for very long. Should have another pullback of some sort that either holds again or comes down under 66-65.50 area

18 Oct 2018 02:55 pm
the market is making its "normal" rebound but coming up to 60 EMA on 5 minute chart which coincides with the 77.75 bounce high at new resistance, and should be hard to get over and hold or else a bigger bounce underway but breaking and holding under

18 Oct 2018 02:57 pm
double top was turned down and so far holding over 72 however they break and hold under 72 could start another decent pullback before another decent pop-up happens possibly from as far as 68 or more

18 Oct 2018 02:58 pm
70 area first and if cut right through then 68

18 Oct 2018 03:02 pm
70.25 reached but little pop-up unable to stick and should come down again from under the 77-78 resistance and 60 EMA on 5 minute chart

18 Oct 2018 03:03 pm
this pattern is bearish and could end up with the ES going back towards its low of the day as long as a bounce does not go over 73-74 as that should not be seen if it's going to go down there

18 Oct 2018 03:08 pm
a chance for a bounce from 64 area and a higher low but holding under 70 on a bounce and turning down would keep pressure on

18 Oct 2018 03:09 pm
would not trust the long side bounce or no bounce. Still a better short the way this market is acting

18 Oct 2018 03:11 pm
.2 keep going to or through 62 holding under 66 area now

18 Oct 2018 03:13 pm
can bounce from down here but should be sold into at or under 65-66. Update and about 5-10 minutes

18 Oct 2018 03:22 pm
3:15 PM bounce attempt from 2 ticks above the updated support at 62 made it up to 72.50, and that should be pivotal. Unless broken, a chance that 66 area is taken out and that opens the door to the 62 if reached. poor action today and should be hard

18 Oct 2018 03:26 pm
at appears the 66.50-66 area should hold to avoid a late day breakdown towards the lows, but needs to take out 78.50 area to finish strong, if the bounces able to hold over 77 after getting too 78.50.

18 Oct 2018 03:34 pm
these bounces are not going to stick as this market has been acting poorly again and worth staying short if you are in that higher prices and still holding. But bounces in the last 30 minutes should still have a hard time holding and should be good s

18 Oct 2018 03:37 pm
have a great rest of your day. Check out the update tonight and then I will catch you tomorrow before the open. Take care!

 

INTRADAY LOG FOR WEDNESDAY - OCTOBER 17, 2018

17 Oct 2018 09:17 am
good morning. We have a lower open that will likely get bid back up again.

17 Oct 2018 09:21 am
it appears that the 2807 level will be important to hold

17 Oct 2018 09:25 am
I will update a little bit after the open

17 Oct 2018 09:32 am
breaking 2808 area and holding under that can put more pressure on. Must have a good bounce from 2808 or else down towards 2802

17 Oct 2018 09:37 am
pressure will stay on that now holding under 2808.50-2809 at most and go towards 2801-2800i

17 Oct 2018 09:40 am
that area just above 2800 needs to give a good bounce back over at least 2806 and especially 2808

17 Oct 2018 09:49 am
need to take out 2808.50 has a pivotal area to get out of trouble or try to. Bounces should not stick

17 Oct 2018 09:49 am
My RBI oscillator and after getting official internal numbers last night, my 3 day thrust oscillator also reached an extreme. Normally will keep the market down and decent reversal within 1 1/2 days, if not the day after.

17 Oct 2018 09:50 am
a short up here under 2808.50 area or barely above if broken

17 Oct 2018 09:53 am
still has 2801-2800 to break through if going to be more than just a pullback before another move over 2808.58 and try for the 12-13 area again and possibly around yesterdays high before failing if 2808.50 broken/held at 2807 area

17 Oct 2018 09:57 am
finally some sellers into strength today unlike yesterday and bounces should have a hard time holding today

17 Oct 2018 10:04 am
took out 2801-2800 and that should the new resistance if this is heading to or through the 92-91 major area down below today like it easily can do and probably should around that area before a good bounce possible.

17 Oct 2018 10:09 am
need to get over 2802 and hold 2801 at worst and go up again over 2804 and then keep going from there or fail

17 Oct 2018 10:14 am
failed bounce attempt so far and can bounce from around the low if the NQ does it take out its 7751 support by more than just a tick

17 Oct 2018 10:17 am
2802.50 should be a pivotal area the rest of the morning as a pullback low and then a bounce high so far. Would need to go back above that area and stick if buying to get try getting turned around. Headed towards 92-91 area otherwise

17 Oct 2018 10:26 am
Almost to the 92-91 area and a bounce needs to come back up with some gusto and take out 98 at least to attempt breaking downtrend in a better bounce

17 Oct 2018 10:29 am
92 held by 2 ticks so far with a bounce from 92.50 but still needs to get over at least the 98 area and hold and continue up through 2802 in order to have a bottom in for a while

17 Oct 2018 10:34 am
98.50 quickly rejected and if 92-91 does not hold then this could keep going towards 86-85 yet next

17 Oct 2018 10:38 am
89 reached and 88.50 was not listed but a minor area at that low so far, but needs to go over at least 93 area and holds 91 and go up again to avoid more downside

17 Oct 2018 10:45 am
at the 86-85 area and a bounce needs to take out 92-93 area now and hold 91 after that and go up again if going to attempt a decent bounce instead of another failure around there or below

17 Oct 2018 10:53 am
we have the VIX reverse in with this reversal bar on the ES also and 84-82 should be important to hold all allies ahead of the lower to the 78.50-77 area and that is major area

17 Oct 2018 10:57 am
92 area could be pivotal now and would need to break above that with gusto and hold on a dip otherwise still in a downtrend to test the low area

17 Oct 2018 11:05 am
the downturn from 92.50 old support/new resistance could make potential double bottom pattern or a higher low and if so still needs to come back up over 92.50 and not get turned right back down hundred 90 if a bounce. If no bounce then 79-77.50 area

17 Oct 2018 11:06 am
update and about 10 minutes or so

17 Oct 2018 11:19 am
having trouble with my audio but a 10 point ES run-up in 4 minutes off of a higher low leaves a bottom in place for now and should keep holding 92 as pivotal area otherwise could begin to go back down a bit again

17 Oct 2018 11:31 am
2802.50 needs taken out on this move or else a pullback of some sort

17 Oct 2018 11:32 am
break and hold under 95-94 area needed

17 Oct 2018 11:35 am
2801 area is also 50% retrace from yesterday's high at the close to this morning's 2783.25 low, adding a little more to the 2801-2802 area

17 Oct 2018 11:39 am
it is now more of a pivotal area at 2801.25-2802 area, needs broken above and then held otherwise taking out 96-95 and start move back to or through 92-91

17 Oct 2018 11:45 am
another good run-up in a short amount of time as the second quick burst higher so far off of the low, and now should not go back under 2802-2801 or else could see 98 or lower again

17 Oct 2018 11:46 am
2808-2809 area is a key area up here or else it could be going up to or through 13 and could test 15 or more if the upside continues like this

17 Oct 2018 11:51 am
stalling out at 2808.50 area and could roll over if not broken and the next 5 minutes most

17 Oct 2018 11:58 am
if this can just have a small pullback turned up from 2803.50 or higher than a chance to pop-up over 2808.50 and then 2812 would be next

17 Oct 2018 12:12 pm
2812 reached and needs to continue holding over 2808 area it appears or else could go through 2804.50 area and that would break some support and leave it so a bounce that follows fails

17 Oct 2018 12:14 pm
2807 was touched and straight back up, showing a good underlying bid like yesterday, and would need to go back under the 2807.50 level and not turn back up with gusto in order to break current upside now

17 Oct 2018 12:16 pm
I will be away until around 1:15 but will update if possible and necessary ASAP. Right now this should be headed to around 15 area, and if not rejected then a chance of testing or breaking yesterdays late 19 high

17 Oct 2018 12:53 pm
up to 17.75 that was rejected and come down to 2808.50 area again and must hold or else further breakdown to or through 2805-2804 or more should be coming after small bounce fails under 13.50 Most

17 Oct 2018 12:57 pm
the ES will need to get back above the 15.25 area and strong enough to hold up there to get a break out over the 17.75 high and reach or break 18.50 close from yesterday which is new resistance to break through and not get turned right back down from

17 Oct 2018 12:58 pm
If it is taken out then test or break 21.50-22.50 before a pullback that would need to hold 18-17 after that at most

17 Oct 2018 01:11 pm
the ES just took out yesterdays late high by 1 tick and turned back down right away but only gets into some trouble if the 13-12 area is broken below and held under 13-14. Upside keeps going very strong if 15 holds

17 Oct 2018 01:16 pm
should be difficult to go over 19 and stick especially at the moment with the Dow making a potential double top and a good short with a tight stop

17 Oct 2018 01:16 pm
well, only if you can catch it after it tops and begins to come down on a bounce attempt

17 Oct 2018 01:19 pm
as all of the pullbacks have been making higher highs so far but this reversal from around yesterdays high also looking like a top at the moment and should be a failed bounce attempt under high or else it would have a shot at the 21.50-22.50 area an

17 Oct 2018 01:25 pm
if there is going to be an afternoon top and selloff today than it probably should be starting from up here around 19 and probably already in place

17 Oct 2018 01:28 pm
need to break the 14.50 level and not pop right back up to get to the 12 area again and if no turned the 2809-2808.50 area which is a high and a pullback low and early support which was broken/held on the way down

17 Oct 2018 01:50 pm
the ES currently has a topping pattern with a high at 19.25 turned down at 1:05 PM and a bounce high to 18.75 turned down at 1:40 PM. So taking out 18.75-19.25 high area from yesterday and then holding after just a small pullback no more than 17 to a

17 Oct 2018 01:57 pm
bouncing back from the 13.75 level and 12.75 area should be important area to hold just below that in pop-up. Fed minutes in about 3 minutes

17 Oct 2018 01:58 pm
could be a reason to break this out of the range either taking out 2812 on the downside or a new high, and with this stretch it should be to the downside

17 Oct 2018 02:02 pm
Spike down quickly bid back up from 11.25 and should say under 15 now to keep pressure on the downside

17 Oct 2018 02:03 pm
under 14 area now, going to or through 2808.50

17 Oct 2018 02:05 pm
2808.50 reached and bouncing back up but has the 14-15 area to get above to break this downtrend and avoid another leg on the downside

17 Oct 2018 02:09 pm
well easily took out 14 area and made it to 17.50 and now needs to hold 15 and under that 12.50 area again otherwise could go back and test what is new major support now at 2808.50 the rest of the day

17 Oct 2018 02:12 pm
made it up to the 17.50 lower high and reversed easily through 15 and so far a higher low at 10.25 however bounces should fail and keep going through 2808.50

17 Oct 2018 02:15 pm
3 day thrust oscillator and RBI oscillator at overbought extremes in tandem, and after the VIX almost cut in half from its 28.83 Thursday high. normally hard to hold gains under those conditions, but another run up possible until breaking and holding

17 Oct 2018 02:18 pm
coming down through 2808.50 but turning back up and should stay the low 2812-2813 area on a bounce now to keep this in a good downtrend going to at least the 2002-2001 area which is 50% of today's range and could go more

17 Oct 2018 02:20 pm
will need to hold under 12.50 area and should to get to 2802-2801 area or more. This is the first time in a day and a half that there has been some rural sellers coming in, so could see 2802-2801 on this move

17 Oct 2018 02:22 pm
will need to hold under 2808.50 area now and not go back over that area and stick if going to keep a good downtrend and test or break through 2802-2801 and possibly back into the mid-to low 90s

17 Oct 2018 02:27 pm
2801 target/support reached so far with 99.50 low and 97 area next holding under 2805.50-2806 still is possible that this rolls over one more time from no higher than 2808-2808.50 area

17 Oct 2018 02:29 pm
and really should come from 2807 to get back towards 2800 area or more again and take out 2804 area

17 Oct 2018 02:42 pm
still trying to chop higher and making higher lows at 2802.75 and 2801.50 and 2799.50 before, and trying to move higher now but has the 2812 area to get over and unless that happens it could come back under 2806 which would start pullback. Must told

17 Oct 2018 03:01 pm
sorry but I was called away, the ES rallied back towards its high area and needs to bounce from over the 2812 area now, 2810 at the very worst,to keep this in a strong po

17 Oct 2018 03:06 pm
even though the ES has held 2810 so far, another pop-up should have trouble holding over the 17.50 bounce high and stick. The ES stalled out at that level with only a couple pokes above while going sideways from 12:20 until 2:10 roughly. Need to keep

17 Oct 2018 03:09 pm
poke down to 10.50 bid right back up, but still should have trouble holding and needs to get over 14 and stick at a minimum just to attempt to get back to 17.50 where lots of top buyers are stuck

17 Oct 2018 03:12 pm
just made another run up from the pullback to 2810.50 and a move over 17.50 needed to keep going on up through 18.75-19.25 and not stop and reversed again. backing away and another top possible

17 Oct 2018 03:15 pm
I need to be getting ready to go pretty soon. At the moment it's looking top-heavy still and is goinng to have trouble breaking and holding over 19 area it looks, but if it does break out then 22 area should be maximum. A top could be in now stalling

17 Oct 2018 03:16 pm
needs to keep coming down through 10 area and reach 2808 area and might bounce from around that area but if not then a chance of 2806 and if no sign of a turn then 2802-2801 again

17 Oct 2018 03:17 pm
should hold under 12 now to keep pressure on

17 Oct 2018 03:17 pm
2808 reached and 2806 should be next

17 Oct 2018 03:18 pm
but has to hold under the 10 area it looks or a bounce at Possible

17 Oct 2018 03:23 pm
the ES came down to the 2808 target and his bouncing and needs to take out 2812 and hold over that level just to have a shot at the 14-15 area and should not get over that and hold unless headed back up towards 17.50 and/or up to 18.75-19.25 tiny dou

17 Oct 2018 03:24 pm
have a great rest of the day! I will send out a very quick update tonight and then meet you here in the morning. Take care. Appears 2808 area is going to be pivotal at the end of the day

 

INTRADAY LOG FOR TUESDAY - OCTOBER 16, 2018

16 Oct 2018 09:12 am
good morning. Opposite of yesterday we are going to have a big opening this morning. Look for the 72 area for resistance

16 Oct 2018 09:21 am
it looks like 72.50 needs to be taken out and held a bit

16 Oct 2018 09:22 am
I will update a little bit after the open

16 Oct 2018 09:35 am
a short with a stop just over 77.50

16 Oct 2018 09:45 am
ES needs to hold 72 in order to avoid a possible breakdown. Otherwise can go to or through 77.50-79 area

16 Oct 2018 09:45 am
it's turning into a major area it has been turned away so many times, the 77.50-78.50 area mostly

16 Oct 2018 09:48 am
it is still going to be a short under the 77.50-79 area, as that has been turning the market away the last two days and this would be the third. Needs to break down through 70 and hold under 71.50 just to go towards 67-66 area

16 Oct 2018 09:56 am
as long as this holds under 73-74 and not go above and hold 68.50 it can stay out of trouble and would need to get over 74 and hold 73 for a chance at the 77.50-78.58 area if it's going to get there early

16 Oct 2018 09:56 am
back in about 10 minutes

16 Oct 2018 10:09 am
need to bounce from around 78 and turned up, otherwise can be reversal down from 84 area which is minor but must be cleared/held

16 Oct 2018 10:13 am
79-78 new support that needs held over and not broken below and held under again otherwise an early high instead of taking out 84 area and holding around 83 on a dip which is needed if it's on the way towards 87 next

16 Oct 2018 10:14 am
failure to clear 84 and break under 79 that sticks needed to get a high and place although appears that way with rejection under

16 Oct 2018 10:19 am
needs to hold 77 and take out 80.50 and stick for a shot at the high at or a bit higher at 84 although likely makes a lower high instead

16 Oct 2018 10:26 am
pullback from around the high area a good possibility but still will need to break 77.50 and stay under 79 after that.

16 Oct 2018 10:26 am
should be a 123 top in place now

16 Oct 2018 10:27 am
but more important to break under 77 area and only a feeble bounce after to keep downtrend intact

16 Oct 2018 10:31 am
a short on any bounces now under the high as a reversal made and should not get back over 79-80 again, and if it does it should not stick in less it's going up with good momentum

16 Oct 2018 10:33 am
79-80 needs taken out and hold 79 otherwise back down again

16 Oct 2018 10:40 am
a move back below 75 that is not turned right back up is needed to get a reversal back to the downside otherwise could go back to test or break the high

16 Oct 2018 10:42 am
testing the high and 84 should be tested or broken on a new high and then a small pullback afterwords should hold over 80

16 Oct 2018 10:44 am
if 80-79 area is broken instead then a bounce after needs a new high pretty quickly otherwise a chance it could roll over a bit. ES should be bullish as long as it's over 75

16 Oct 2018 10:48 am
pullbacks are going to be bought as there is a good underlying bid even up at these levels at the moment anyhow

16 Oct 2018 10:52 am
87.50 is the last bounce high on the way down before ES went to its 2712.25 low, should be resistance area to clear and hold now on an hourly basis especially

16 Oct 2018 10:56 am
should be very strong as long as 83 holds, but if broken under and held then uptrend could be breaking. This could be headed for the 93 area if 86-85.50 held over

16 Oct 2018 11:01 am
with this closing on the low of a 30 point drop from resistance in the last hour yesterday, no follow-through but instead like normal strong market had much higher open, strong rally and pullback should start soon

16 Oct 2018 11:09 am
stalling out a bit but still will need to go under 85 area and especially 83 and not get turned right back up, otherwise could still pop-up test or break 89-90 and if broken test 92.50-93.50 or more most likely

16 Oct 2018 11:14 am
86 held and shot up quickly and should be on the way to or through 92.50-93.50 and not listed is the 2798.50 area next

16 Oct 2018 11:15 am
98-98.50, and then we go to 2801.50-2803 area

16 Oct 2018 11:21 am
if the VIX goes below 18.74 and then turns up on a 5 minute bar, could coincide with reversal in prices. Would need to go back over 19 after that for possible bigger move. 93.25 resistance reached, should have some kind of pullback/dip

16 Oct 2018 11:23 am
the VIX reached 18.72 and needs to go over 18.81 on this 5 minute bar at a minimum to reverse

16 Oct 2018 11:25 am
keep an eye on the 18 EMA on the 1 minute chart as that should not be broken by more than about 1-2 ticks at most before turning up as a good trend guide

16 Oct 2018 11:30 am
pullback bounce from 18 EMA and back up again and it's now the 90 level that needs held to keep very strong uptrend intact

16 Oct 2018 11:34 am
slow grind higher still going and taking out 90 and not turning right back up needed to turn things for a bit, otherwise keeps grinding higher

16 Oct 2018 11:37 am
beginning to run out of steam and needs to avoid going back under 92 and especially 90 otherwise uptrend finally can be breaking a bit and pullback of some sort with 88-87 area important below that

16 Oct 2018 11:38 am
still will need to break the up sloping 18 EMA on 1 minute chart to break current uptrend

16 Oct 2018 11:45 am
finally breaking a bit after turning down from 94.75 and should have trouble getting back up and over that area and holding now and pullback would need to bounce from –89-88 at the worst to have a bounce towards the high or lower high.

16 Oct 2018 11:51 am
pullback a small one so far holding 91 and needs to break 89-88 or else still going sideways/higher on this move instead of back down to or through 89 or more

16 Oct 2018 11:55 am
a bounce from 90 keeping this from a possible break lower at the moment, which could happen if 89 is taken out and then 91 area rejected on a bounce attempt after

16 Oct 2018 11:57 am
also keep an eye on the Dow cash as it needs to keep holding 25,585-25,580 area or else it could break is sideways move and stallaround its high

16 Oct 2018 12:01 pm
bounces will keep being bought on the way to 98.50 and may be up over 2800 around 2802-2803 if this keeps going very strong like this, and now needs to hold around 93.50 at worst or else could begin getting a bit top-heavy

16 Oct 2018 12:03 pm
90-89 area should not be seen again now if this is going to stay in a strong trend up move today. If that area is sold off to come then chances are that a high is in place

16 Oct 2018 12:12 pm
so far a high at 96.25 and next important area is at 98.50 and then 2802-2803. There should not be more than a 5 point pullback off the high otherwise a bounce that follows is more likely going to fail.

16 Oct 2018 12:16 pm
going sideways at the moment holding 94 and should not go much lower if it's going to reach 98 area or more and not top out around 96 instead

16 Oct 2018 12:18 pm
I will be away until around 1:15 and will update if necessary ASAP. At the moment this is looking like a better short and sold under the high for a 4-5 point pullback or more from the high

16 Oct 2018 12:53 pm
the ES pulled back exactly 5 points then turned up again and will stay in a trend up mode as long as there is not another pullback that goes >5 ES points, in which case bounces should have a hard time making new high again, and if so be able to stick

16 Oct 2018 01:14 pm
ES is still grinding higher and should test or break 98.25 high at a minor resistance and keep on grinding higher to or through 2802-2803 if 98.50 is broken and only small pullback after is quickly turned back up

16 Oct 2018 01:17 pm
98.25 high is just a tick under 98.50 resistance, however as stated earlier in the morning there has been a good underlying bid on every pullback and should stay that way unless >5 point pullback

16 Oct 2018 01:20 pm
98.75 rejected, but still needs to come down through 94 at least to break upside symmetry

16 Oct 2018 01:25 pm
a very steady downtrend on the VIX right now and would need to reverse up from around the 18 area and go over its 9 and 18 EMA on 5 minute chart which 18 EMA has been touched and turned down again twice so far. An upturn from 18.10 back over 18.37 at

16 Oct 2018 01:27 pm
up turn from 18.11 needs to keep billing over at least 18.34 now to get a reversal attempt, and coming from up here it could turn out to be intraday red flag up here

16 Oct 2018 01:28 pm
2802-2803 area could be tested or broken if the ES holds over 97 area now

16 Oct 2018 01:31 pm
so far this has been a day with all of the dips being bought while the ES grinds higher with the occasional burst on the upside along the way. Should continue as long as 97 area holds now

16 Oct 2018 01:32 pm
and just had another one of those quick run-up's, this time from 2799 to the 2801.75 so far and it's 2802.50-2803.50 that should be tested or broken now next

16 Oct 2018 01:45 pm
2803 area also happens to be 50% retracement from 2894 high made before the big drop last week. Move up today has been very strong, up 55 points from yesterday's late low so far and buying frenzy underway and going towards 2806-2807 possibly if 2803.

16 Oct 2018 01:51 pm
melt up continuing and getting a little bit parabolic. The ES has been obeying the 9 EMA on the 5 minute chart with this in a very strong uptrend, and needs to hold around 2903.50-2903 area to keep it up there

16 Oct 2018 01:54 pm
with the ES getting stretched and now polling back to break through the EMA's on the 1 minute chart, along with the VIX turning up from 17.91, it is a red flag and especially going over 18.18 and not quickly reversing – or ES breaking 2800.50

16 Oct 2018 01:56 pm
2801-2800.25 is the maximum pullback support, but even if a bounce it should have trouble taking out the high. Even if that happens, it should also fail. An important bounce high could be in place

16 Oct 2018 02:04 pm
first pullback >5 ES points so far today and breaks upside symmetry and could be one more pop-up but already 57 point run-up just since yesterdays close, and was parabolic until just backing away. Another run up possible, but will be a short for a sc

16 Oct 2018 02:17 pm
this is getting a bit ragged and top-heavy leaving a tale at the top of the chart and although it has been basically a trend up day, expect another bounce like this last one to also fail at a token higher high as bounces should begin to get sold now

16 Oct 2018 02:26 pm
look for a test of the high or a token higher high just over 2807 to be sold, it's the 2808 level for next resistance and 2812 area if 2808 area is taken out

16 Oct 2018 02:31 pm
there is a chance this could last and make a high around the 3:00-3:10 PM timeframe and back away late, however will need to keep holding over 2801.00-2800 for the scenario to have a chance

16 Oct 2018 02:41 pm
could be the start of another 5 point pullback or so from this high, and if it does take out 2803.50 area than it would need to go back up and take out at least 2806 again. At the moment still strong holding 2805.50 area

16 Oct 2018 02:44 pm
a top but no breakdown unless a move back under 95 and especially 93.50 and then hold under 95-96 after that. it will keep popping up to make a token higher high or a test of the high before another small pullback

16 Oct 2018 02:49 pm
sold and should have a hard time getting over the 2808.50 area and be able to hold. the ES so far rallied a whopping 60 points from yesterday's close, with only a couple of relatively small pullbacks. This is the kind of action we

16 Oct 2018 02:50 pm
have had leading into tops by a day or two. also very strong internals could spike at least RBI oscillator to overbought extreme. So very close to making a top, if no late selloff then it should begin tomorrow with two-sided action and downside bias

16 Oct 2018 02:55 pm
all of these small pullbacks have been bid back up however this one is not going to stick, unless it's going to keep on going until 3:00-3:10 PM or later instead of having a high in place already, for today at least. A short with a tight stop the way

16 Oct 2018 02:57 pm
the Dow cash is also looking a bit tired, and the NQ also has flattened out at its top completely running out of momentum at the moment and some backing up is necessary

16 Oct 2018 03:01 pm
this could get going on the downside if 2801 is broken and held and now should hold under 2803.50-2804 in order to keep a good downtrend

16 Oct 2018 03:04 pm
support at 2801-2800 has been touched and needs to hold under 2803.50 area in order to keep pressure on and take out 2800 area on the way to or through 98-97 or more on the downside

16 Oct 2018 03:11 pm
2800.50 low and should not get over 2804 and stick for very long if this is going back to 2800 or lower, and set of a rally into the last 60-50 minutes of trading

16 Oct 2018 03:12 pm
and with 2804.75 just reached and turned away it needs to hold under 2805 now it appears or else there still a chance for a break below 2800 instead of another run up towards new high. Pressure should be on under 2805 right now

16 Oct 2018 03:16 pm
2800 is going to be the major area at the end of the day and the market should keep going higher as long as there is not a double top around the 2808.50 area and pullback that takes out 2805 and then holds under 2805.

16 Oct 2018 03:21 pm
if this double top is broken through and held it could go ride up towards the 2812 area which should be a strong area to get above and hold if it's reached. The ES will need to hold at or above 2805.50-2805 to get a good run up into late trading.

16 Oct 2018 03:23 pm
in the last 40 minutes of trading the ES needs to break its double top and stick if it's going to have a late day run-up go towards 2812 area. Otherwise a shot at testing or breaking through 2800, which would be a poor finish to the day

16 Oct 2018 03:27 pm
it looks like the 2805-2804 area will be pivotal, and unless 2805 is broken and holds over 24 after that then going back to or through 2800 area in the last hour of trading, although if 2800 holds again and turns back up with gusto and it might have

16 Oct 2018 03:27 pm
have a great rest of the day! I'll update tonight and then meet you here tomorrow morning. Take care!

16 Oct 2018 03:45 pm
2812 updated resistance reached and will need to be broken through and held also in order to make it to the 22-23 area possibly before closing

 

INTRADAY LOG FOR MONDAY - OCTOBER 15, 2018

15 Oct 2018 09:16 am
Good morning. As long as the ES holds under the 66.50-67.50 area it should still be under some pressure

15 Oct 2018 09:26 am
I will update shortly after the open but it should be a higher open and attempt to take out 66.50-67.50 area and stick

15 Oct 2018 09:32 am
right back up to the Friday close and needs to hold 68 or else could be a high-end place or at least sold on the next bounce

15 Oct 2018 09:39 am
the ES came keep coming down to or through 54.50-54 area if there is not a bounce from 59.50 that takes out 63.50-64.50 area and can hold around 63.50 after that

15 Oct 2018 09:44 am
ES will be strong if it can hold over 60.50 area and get over 65.50 and stick that other move up

15 Oct 2018 09:53 am
the ES will need to hold over 64-63.50 and take out 69.50-70 and stay over 69 area after that otherwise could be a top that was made if turning down from that area instead and take out 64-63.50 on this move down

15 Oct 2018 09:56 am
still bounces failing and bear market action and should keep coming down if they holds under 63 and break under 60 area sticks and gets momentum

15 Oct 2018 09:59 am
ES did not take out 60 but bounced off of 60.50 and another trip back down to that area should go through 60.50-59.50 and hold under 63.50-64 area after that to put pressure on for further breakdown as bounces still failing

15 Oct 2018 10:04 am
should continue down through 54-52 holding under 59-60 area

15 Oct 2018 10:08 am
first support at 54-52.50 area needs to hold and give a good bounce back over the 59-60 area and stick at a minimum and especially back over 62-63 area and stick

15 Oct 2018 10:10 am
however if the initial support at 54-52.50 area is taken out also, then would need to bounce with some gusto from around the 48 area or more

15 Oct 2018 10:11 am
between now and 10:30 I will disappear most likely as I need to just be a way about 10 minutes or so hopefully. 54 area should be a big pivotal area and must hold, not break and hold under 56 after

15 Oct 2018 10:11 am
or else a bigger breakdown would be possible

15 Oct 2018 10:20 am
pressure still on the downside holding under 56.50-57.50 at the moment down to test or break under 50-48 area or more if broken and held under 52-53 area at most after

15 Oct 2018 10:22 am
if the ES gets over 58 and holds 57-56.50 area after that and is turned up again then a low of some sort could be in for a bit

15 Oct 2018 10:26 am
new uptrend intact and should be bought by a pullback that holds 58-57 at worst and gets turned up but then continue up to or through 62-63 if 58 holds

15 Oct 2018 10:28 am
58 area can be tested or broken if 62 is not taken out on this bounce and sticks otherwise should come back down to or through that area before another bounce attempt

15 Oct 2018 10:31 am
58 reached and could be a pivotal area up here and needs to hold and takes out 62.55 and 63.50 if the upside is going to keep going back towards the high of the day or more and not fail and go towards the low instead

15 Oct 2018 10:37 am
ES reversed after a reversal bar and run up starting at 10:20 and should be making an attempt at the 65.50-66.50 area and back away unless turning very strong and break through and holds that area

15 Oct 2018 10:44 am
must have a good bounce from 60 or higher or else good keep on coming down to or through the 58 pivotal area

15 Oct 2018 10:48 am
I will need to go in about 10 minutes and probably away for about 30 minutes hopefully at the most. In the meantime should

15 Oct 2018 10:50 am
in the meantime should be two-sided action still and the 58 area should be important to hold otherwise if broken then 62 would be new key resistance to clear and hold to get a better bounce attempt

15 Oct 2018 10:54 am
so far the pullback held at 58 and gives it a chance to go towards the 66 level and possibly test or break 68-69 area and test the early high – with 70 area important to break and hold above if reached/broken

15 Oct 2018 10:56 am
I will be back in about 20-30 minutes gassing but will update ASAP. Consider this bullish at the moment as long as 58 holds up to 66 and then 68 and then over 70 at a high above Friday high and death held a shot at 77.50-78.50. Back later

15 Oct 2018 11:24 am
I might be longer than thought, as I have to be in and out over the next 20-30 minutes or so lots. Right now with that ES making it back to 68 where early drop came from, needs to go over hold after being out 70 to keep a good uptrend and that revers

15 Oct 2018 11:37 am
the ES hire from 67.25 and should not go back under 67 now or else reversing from up here, and another failure under the 77.50-78.50 That Breaks down under 66 and Holds under 68 Would Be Needed for Reversal Now

15 Oct 2018 11:45 am
topping out it looks like for a pullback to test or break 68 and 66 if a reversal by not bouncing right back above 68 and holding

15 Oct 2018 11:50 am
high in place for a pullback to test or break through 68 and then 66 if gets some momentum and if 66 also broken then heading towards 63-62 area possibility

15 Oct 2018 11:53 am
63-62 is the next and if 62 broken by much then 58 or more next

15 Oct 2018 11:55 am
that is going to be a top for a while and bounces should keep failing. That is another failure under 77.50-78.50 and should not be broken/held but held under and sold against. If 62 goes and then 58 also look for a move back to or through the low ar

15 Oct 2018 11:58 am
when this countertrend bounce is over with, and there is a chance that it is, then there should be a "wave 5" down to a test or break of 2712 and then a stronger bounce of ~80 ES points from whatever the low is

15 Oct 2018 12:00 pm
almost to the 58 area again and pressure will stay on as long as the ES does not go back over 65 area and hold now.

15 Oct 2018 12:07 pm
needs to go back over 62 and hold 60.50 area after that for else continue its move under 54 and if that goes then the 51.25 low of the day. A move over 62 that holds and turns up from 60.50 or higher can mean a better bounce back of some sort and kee

15 Oct 2018 12:07 pm
and turns up from 60.50 or higher can mean a better bounce back of some sort and keep this as two-sided action and not continue downtrend

15 Oct 2018 12:15 pm
bounce from 54 support area which was only under for a short while during a reversal at the low and needs to get over 60-60.50 and not turn right back down

15 Oct 2018 12:21 pm
I will be away until around 1:15-1:20 roughly and will update only if possible as I will be on a phone call at some point over my lunch break. This bounce needs to keep going after getting over 60-60.50 and not just stop and turned down again otherwi

15 Oct 2018 12:29 pm
reached to get over 65 and not get turned right back down otherwise just a bounce and a pullback underway

15 Oct 2018 01:07 pm
market will stay bullish back up towards the high or another lower high on this move as long as it holds 68-67 area and if broken then especially 63

15 Oct 2018 01:12 pm
another lower high if this turns down from under 74.75 and bearish type of pattern if a downturn from 73.50-74 at most and could be a high already at 72.75 if going to come down to or through 68 or more

15 Oct 2018 01:27 pm
still bearish action with the bounces being sold and this one has a move back towards the lows possible if it goes back under 63 area again and holds again

15 Oct 2018 01:40 pm
so far today we have a two-sided day with the range made between 10:15 and 11:30 a 27.75 point drop from late Friday high to the early low,23.50 point bounce, 20.50 point drop, and 20.50 point bounce so far. Going over 73.50-74.50 and holding 73 at w

15 Oct 2018 01:40 pm
Going over 73.50-74.50 and holding 73 at worst for a shot at 77.50-78.50 short-term double top and important resistance

15 Oct 2018 01:42 pm
even if they turn back down from 77.50-78.50 the ES will need to come back down under 71.50-70.50 area and holds below 72 after that and turn back down otherwise could keep on going 82-83 next

15 Oct 2018 01:57 pm
a tail left coming down from 76.75 resistance zone for a short at least say scalp and needs to keep coming down through 70.50 and not turn right back up in order to get any kind of reversal attempt going otherwise could push through that zone

15 Oct 2018 02:04 pm
another rejection of resistance coming down harder this time and should be a move down to or through the last lane low at 64.75 in order to get a bigger breakdown but will likely bounce before that can be sold into at or under resistance again most l

15 Oct 2018 02:04 pm
that can be sold into at or under resistance again most likely. Keep part of your position on with a stop just above the high

15 Oct 2018 02:05 pm
look for 73 area as a new resistance to be turned away from if going back down again to or through the 68 area

15 Oct 2018 02:18 pm
made it all the way back to 64.25 prior swing low area around 1:30 PM and if broken through and held then could continue going down to another slightly higher low above 55 otherwise there could be further breakdown go to or through the low. With the

15 Oct 2018 02:19 pm
otherwise there could be further breakdown go to or through the low. With the two-sided action, with likely bounce

15 Oct 2018 02:28 pm
another level bounce that failed and now unless the ES gets over 68 and sticks then 60 or lower should be seen, 58 area likely

15 Oct 2018 02:40 pm
bounced needs to keep going up over 68 area and with enough gusto to stick in order to have a shot at going back up towards the high again. A failure at or under 68 could roll over and come down to or through 60 and maybe 58. A move over 68 can't kee

15 Oct 2018 02:49 pm
2:30 bounce and will need to keep going through the high but not reject the 77.50-78.50 area another time otherwise could set up another decent pullback if not more. Good two-sided action with 20+ point moves both ways

15 Oct 2018 02:50 pm
if this does not reject 77.50-78.50 then a shot at 82-83

15 Oct 2018 02:55 pm
78.75 reached and still just under the 79 high made on Friday and should have a hard time breaking and holding at least first time up here

15 Oct 2018 02:56 pm
but if not and 74 holds and gets turned up then there's a shot at breaking through the high and try for 82-83. But would need to take out 79 and only tiny pullback if any before trying for 82-83

15 Oct 2018 03:03 pm
so far 5.50 point pullback from resistance but unless there is a break/hold under 74 then ES still can avoid trouble and pushed through 78.50 and then hold around 77.50-77 area after that. Otherwise a countertrend bounce that's failing

15 Oct 2018 03:06 pm
keep an eye on the 74 level as that sold these to hold otherwise could test or break at least the 72 area and if reached with no quick upturn then a chance of going to war through 68. However, holding 74 gives us a shot at another move to or through

15 Oct 2018 03:10 pm
that's going to be a top to be short under and should be hard to get over and hold even on another try, unless there is a gap up open above that for some reason tomorrow

15 Oct 2018 03:13 pm
this pullback needs to stop and turned up from above the 62 area otherwise there can be a bigger breakdown and not any kind of bounce back towards the highs again, but

15 Oct 2018 03:13 pm
the pressure should stay on if the ES can hold under the 71-72 area at most right now

15 Oct 2018 03:17 pm
I need to go a little early today but will update all more time in about 10 minutes or so. At the moment that ES still has a shot at going down towards 62 area which needs broken in order to finish in a poor position. Consider holding partial short o

15 Oct 2018 03:31 pm
so far the bounce attempt failed under 70 and status under pressure and bearish unless cleared and held in the last 30 minutes otherwise this could keep breaking down towards 55 area or more

15 Oct 2018 03:34 pm
stay with this overnight if you can, as yet another rejection of that zone should be the end of this bounce and a retest of 2712 area or lower should be in the cards. And normally would be a lower low to finish off "wave 5" of my amateur but obvious

15 Oct 2018 03:37 pm
to be a name dropper, I spoke with and used to trade emails with Bob Prector back in the 90s. His trading mentor was my trading mentor, although the mentor Dick Diamond, was not and Elliott wave guy – except when and obvious pattern –like this ap

15 Oct 2018 03:38 pm
in the last 25 minutes or so that looks like the ES needs to stay under 65 and especially 68 if the pressure is going to stay on strong, instead of a bounce of some sort into the close running up over 70 and sticking

15 Oct 2018 03:40 pm
have a great rest of your day. I'll update you this evening and then meet you here in the morning. Take care – still need this to stay under 65 and break under 60 to finish going lower it looks
 

INTRADAY LOG FOR FRIDAY - OCTOBER 12, 2018

12 Oct 2018 09:14 am
Good morning. We are going to have a big up open this morning as the market cannot decide which direction it wants to go.

12 Oct 2018 09:22 am
this higher open should be sold into and then the first decent pullback will be bought

12 Oct 2018 09:25 am
I will update shortly after the open

12 Oct 2018 09:30 am
should be sold down to around 68-66 area

12 Oct 2018 09:36 am
68-66 reached and will need to go over 72-73 area and hold to get a turnaround attempts higher up, but have trouble holding at higher area for a pullback

12 Oct 2018 09:41 am
a nice snapback rally had really good odds for today with the 200 day EMA and the indicators at oversold extremes along with the VIX at 28, but it started on the open and likely not going to last all that long as this doesn't go back over 82and stic

12 Oct 2018 09:44 am
there should be an important low in place however, and if not then in territory we haven't stayed below longer than 2 days all year. This is still a short on bounces down to under 66 and possibly 62 or 58 if no big reversal up through 72

12 Oct 2018 09:49 am
with just a token lower low and a pop-up failing at 72, it's going to need to get over 72 and hold in order to attempt a bit more of a run-up or taking out 66 and holding under 70 should mean going lower yet to or through the 62 area. If not then the

12 Oct 2018 09:51 am
there will be pressure on under 72

12 Oct 2018 09:54 am
still a good underlying bid at 69 and higher and did not go under that area and stick

12 Oct 2018 09:56 am
held over 69 and took out 72 and holding and could test or break 76 at a minimum and 78 area could be a reversal area or just below

12 Oct 2018 09:59 am
tested 76 and only a small pullbacks holding 71.25 and will need to hold 72 and turned back up with gusto if going to keep a good uptrend and avoid possible breakdown towards the low area

12 Oct 2018 10:03 am
pullback holding over 72 and it should be a pivotal area that needs to hold to keep a good uptrend from breaking but should be good resistance at 78.50 to get over and hold

12 Oct 2018 10:07 am
77.50-78.50 resistance hard to get through and hold and going back under 72 would be a reversal and back towards the low area again likely A hold under 72

12 Oct 2018 10:09 am
this move should take out resistance in order to stay strong for today

12 Oct 2018 10:11 am
should hold at four above 72.50 area or else could be a reversal back down with a double top instead

12 Oct 2018 10:14 am
breaking down and bounces should fail under the 77.50-78.50 resistance zone

12 Oct 2018 10:18 am
could be a bounce of some sort from 66 area again but should holds under 72-73 at the very highest

12 Oct 2018 10:21 am
pressure will stay on for a move back towards 62 and possibly even 58 area if 70.50-71 is held below

12 Oct 2018 10:26 am
so far the bounce held just under 70.50-71 and still headed to or through 62 area and may be down to 58 yet

12 Oct 2018 10:30 am
58 or more next holding under 64

12 Oct 2018 10:40 am
quick run-up stalling around 72 again but should hold at four above 68-66 at worst to make another push higher to or through 77.50-78.50 resistance area on a second try

12 Oct 2018 10:48 am
need to be away for a few minutes. At the moment needs to take out 72 and stick or else could go back to or through 76-74 or more

12 Oct 2018 10:55 am
there was just a dip down to 67 and came right back up, and pullbacks will probably continue being bought holding over that level now and sold when a bounce stalls or shows some rejection by immediately turning down at a new bounce high

12 Oct 2018 10:56 am
which just happened, and should be the start of a pullback again holding under 75.25

12 Oct 2018 10:58 am
if a breakdown under 72 that holds could put pressure on to go to or through the 66 area and would need to bounce right back for further breakdown

12 Oct 2018 11:03 am
as long as the 76.50-77.50 resistance is held below that ES will be vulnerable for another decent pullback although should be bid back up if if a test of 71-70 to avoid possible further breakdown

12 Oct 2018 11:12 am
going for another try at the 77.50-78.50 area and a chance to get through on this move but then likely pullback if tested or broken

12 Oct 2018 11:23 am
this range is getting tight and especially compared to the last 2 trading days so must hold around 68 or else come down to the 66 area next and if that is not held and no back up over 74 and then 77.50-78.50, it's headed to the low area instead. look

12 Oct 2018 11:23 am
74 and then 77.50-78.50, it's headed to the low area instead. looks like 68-66 area is pivotal, must hold

12 Oct 2018 11:28 am
beginning to break down a bit rolling over from 74 and that getting back there with all small bounces being sold and should keep pressure on holding below 76 area at most

12 Oct 2018 11:33 am
62 should hold for a few minutes and if 66 area, and 68 at most, is still held under then pressure will still be on hand could take out the 62-60 area on the way to at least a token lower low at 59-58 before bouncing

12 Oct 2018 11:37 am
just day with the short side under the 67.50 level for now, down to test or break through 60-58 area now that 62 area has been tested in this downtrend

12 Oct 2018 11:42 am
59.25 days session low so far and almost back down to that area and should be soon on the way to 58 area and then a possible bounce attempt, or well get some moment going lower

12 Oct 2018 11:50 am
58 easily broken on the way down to 51 low so far and should not go back above 62 area and stick or else still could make one more push lower to around the 48.50 area and 45.50 Thursday closed at the lowest.

12 Oct 2018 11:51 am
But another dip should be bought and start a bounce if strong enough to go back over 62-62.50 and stick

12 Oct 2018 11:59 am
so far stopped at the 62 area and pullback needs to hold 56 or else could be going back to a lower low around 58 before a bounce, possibly lower if a move to that area

12 Oct 2018 12:04 pm
with all of these bounces failing and now holding under the two area, it's going to need to get above 62 and hold on a dip or else bounces keep failing and goes back to or through yesterdays close at the 45.50 area next

12 Oct 2018 12:14 pm
a token lower low holding just over the 48.50

12 Oct 2018 12:16 pm
bounce coming from above 48.50 and a bit more above 45.50 Thursday close so far but as long as a hold under 57.50-58.50 pressure can stay on to test or break 48.50 still

12 Oct 2018 12:17 pm
just be short on a bounce attempt as these are all failing and then the level the ES would need to get above would be back above the 58 area

12 Oct 2018 12:18 pm
should actually go down to 48.50 or more on this move and not go up to 57 or more

12 Oct 2018 12:23 pm
48.50 target/support finally reached and still could keep on going to the 45.50 area or lower the way this is acting and that would not be good after opening up 30+ points and giving it back on the futures anyhow

12 Oct 2018 12:29 pm
back to yesterdays close and needs to avoid a break and hold under the 45.50 area, which is also 50% retracement from yesterdays low to today's day session high

12 Oct 2018 12:30 pm
otherwise could be going to or through the 38-37 area next.

12 Oct 2018 12:33 pm
I will be oh way until around 1:25 PM roughly but will update before then if necessary ASAP. Continue shorting bounces under the 54-56 area for now

12 Oct 2018 12:50 pm
so far we have a 43+ point pullback off of the high and the ES had a 100 point a session range Wednesday and 80+ point range yesterday and would expect today to be less than 80 points in less it lets loose on the downside if it cuts right through the

12 Oct 2018 12:51 pm
still a short a pop-up that holds under 38.50-40 area at the highest right now

12 Oct 2018 01:35 pm
a bounce from 32.50 made it to the 56 and 54.25 levels and a double top of sorts and if there is a move back under 40 and not get quickly reverse then a chance of the low area for a bit lower at 26 major area now

12 Oct 2018 01:39 pm
now the 44-45 area needs broken above and held just to take some pressure off but would top again just a little bit higher up if broken

12 Oct 2018 01:45 pm
45 reached and sold back down 6+ points and bouncing back and needs to go over 45 and hold on the way up and take out the double top area (also 60 EMA) at the 57-58 area or just above. Stopping around 55 and reversing down with the negative

12 Oct 2018 01:47 pm
I need to be away about 10 minutes or so, but right now the 45 area should be pivotal and needs to hold on another pullback from 56 or lower or else a chance of a breakdown

12 Oct 2018 02:07 pm
another bounce failing at another lower bounce high and there should be a low on the S&P 500 cash unless it goes back to a lower low, what would be the 200 day MA which hasn't been close under 2 days in a row all year and especially under current con

12 Oct 2018 02:14 pm
April 2, 2018 is the only other time there was a close under the 200 day, and before that was a long string of them and to finally going back over it on October 1, 2016. A close under 2755 on SNP 500 cash, looks like a given and makes this more troub

12 Oct 2018 02:23 pm
bought again from just above the low, and now would need to go up and take out the 52.50-53.50 area and especially back over 56-57, otherwise risk breakdown to/through the low area around 32 and go for 28 and then the 18.60 area fifth day bigger brea

12 Oct 2018 02:37 pm
the ES is still failing on bounce attempts and yet another lower high on this last move up and unless that ES is able to get over 51.75-52.75 it's under pressure and could cut lose to come back to the low area

12 Oct 2018 02:40 pm
going to need to see buyers defend the 39-38 area

12 Oct 2018 02:43 pm
yet again the ES has shown and inability to hold onto gains with the high made on the open and then mostly downhill from there and should still stay the same with bounces failing, Longs going out into any kind of strength and not stuck over the weeke

12 Oct 2018 02:44 pm
should be going back towards 38 and if broken then 34 again and if broken then the 32 low and probably keep on going through that if reached. Update in about 10 minutes

12 Oct 2018 02:55 pm
almost feels like a bottom near the lows and almost at a place where you can buy them and give them back, but need some proof or one more pullback for a good long

12 Oct 2018 02:56 pm
and just took off on the upside as soon as that was sent, and now should be bought at or over 46-44 area at the lowest. Probably should not go back down there, but if it does needs to come right back up. At the moment it's 50-48 new support

12 Oct 2018 03:02 pm
back up to 55 and just under 56 high made just after 1 PM and needs to hold around 50-48 area and go up over 54 in order to avoid bigger pullback and then a bounce in less last hour selloff

12 Oct 2018 03:05 pm
one of the ES to have any chance of taking out 55-56 and attempting a last hour run-up it will need to do so from this 47-46 area otherwise breakdown attempt

12 Oct 2018 03:10 pm
the only reason the market is not getting whacked this afternoon is because it is so extremely oversold internally and fear is high with the VIX still around 24. Plenty of bounce before even getting to a neutral area at the moment, and could go from

12 Oct 2018 03:15 pm
next bounce resistance is around the 63.50-64.50 area and needs taken out otherwise we get some pullback of some sort although not down to the lows, today anyway

12 Oct 2018 03:24 pm
will need to keep holding around the 54 area which is just under where the highs were and keeps this from rolling over on a break back under the 48-47 area

12 Oct 2018 03:26 pm
we had a double bottom of sorts and then a third low turned up at 38.25 and it 2:50 the run-up started and this should keep going especially holding over 60-58

12 Oct 2018 03:29 pm
another pullback calming and then if that holds there should be yet another bounce before the close but we will see. Should hold 60-58 at worst, but if broken then the 55-54 area becomes a major area to hold to keep upside from flip-flopping into a d

12 Oct 2018 03:33 pm
still needs to hold around 60-58 and if broken the 54 area should be pivotal and major area to hold, otherwise than bounces could be failing and and a downtrend going for low area instead ––looks doubtful as it should hold up, dips should be boug

12 Oct 2018 03:35 pm
have a great weekend! I'll update you this weekend and then meet you here on Monday morning.

 

INTRADAY LOG FOR THURSDAY - OCTOBER 11, 2018

11 Oct 2018 09:18 am
good morning. after yesterday's hammering the Dow down 800+ points, bounce or no bounce off of the open, it should have trouble holding

11 Oct 2018 09:27 am
the ES was getting bounces of 7-10 points and failing yesterday and need to go over 90 just to make an attempt of a turnaround

11 Oct 2018 09:31 am
will need to get over at least 86 and hold up there

11 Oct 2018 09:33 am
86 broken and so far holding it 84 and any lower than that and it can to or through 80 area

11 Oct 2018 09:36 am
80.25 held but bounced stopped under the high and turned down and unless 88-89 area is taken out with some gusto and then only have a small pullbacks after that downtrend still intact and going lower holding under 82 area

11 Oct 2018 09:40 am
market still in bad shape holding under 80-82 area. Has to get back over 82 and hold 80 and not go back under that but take off from over that area. And doesn't look like it's happening, so still headed to the high 60s in the early going if 73.50-72.

11 Oct 2018 09:44 am
a bounce back to the 78-80 area should be sold but if that area is broken through with no sign of a turn then it could go back to the low or lower

11 Oct 2018 09:46 am
this bounce needs to go over 82 at least and have its 10 point bounce and not come right back down from around 82-84 area

11 Oct 2018 09:50 am
ES held 82 and quickly turned up and the 88.50 level reach so far and could be a pullback from there that must told over 82 to avoid possible trouble again

11 Oct 2018 09:51 am
88.50-87 area needs held now to keep going

11 Oct 2018 09:55 am
low made with a quick double bottom reversing up from 72.50 support and bouncing so far to 2793.50 area and its 2797.50-98.50 that needs taken out next and not turned back down. Likely stops under that area

11 Oct 2018 09:58 am
at the moment as long as 90 holds 97.50-98.50 can be tested

11 Oct 2018 10:00 am
but that area is where the first pullback of the day should occur or else could keep going either to 2807 area or 2814 area

11 Oct 2018 10:01 am
will need to hold over 90 a low was could be back into some trouble with bounces not holding for awhile

11 Oct 2018 10:07 am
early bounce from 2 ticks under support at 72 up to 1 tick over 98.50 first resistance at 98.75 and broke down under 92 and now 90 and held on a bounce, should see bounce have trouble taking out the high and the first would be 72.50-74

11 Oct 2018 10:11 am
run-up from 85 turned down 94.25 and should not be a move back over 94-95 or else a chance for token higher high over resistance

11 Oct 2018 10:13 am
still acting poorly with bounces failing, and would need to have a good run up take out the high and then hold around 96-95 after that. It's not likely right now, bounce should fail and make a move towards 82 and probably 80 or more

11 Oct 2018 10:17 am
82 easily reach, would need to go over 86-87 allies is still under pressure to go back to test or break 80 area and then 78 before the low

11 Oct 2018 10:21 am
78 was tested with the ES getting to 77 and quickly turning back up and now has to go back over 84 and stick instead of rolling over in order to get a bounce going with a chance of going back towards 90 before a failure

11 Oct 2018 10:36 am
first bounce off of tests of the low at 75.25 rejected at 87.25 and unless broken with some gusto that ES can come back down under 80 and that would likely set up move towards the low area

11 Oct 2018 10:40 am
pop-up being rejected at 85 and took out 80 so should still be on the way towards the low, but whatever the case bounce should fail and stay under pressure holding under 85-86

11 Oct 2018 10:46 am
came down to 76.25 so far and very close to taking out the low at 72 support, or at least testing that 73-72 area, would need to make a strong reversal from that area otherwise still very poor action and bigger breakdown underway in the 60s

11 Oct 2018 10:58 am
got our test of the low at 72.25 and dropped down under that to 68.50, some small support and while can't put in all of the areas, should have put in a zone between 72.50 and 48.50. It would be around the 63-62 zone that should be held to avoid poten

11 Oct 2018 11:01 am
as long as the ES holds under 74 area now pressure to say to stay in a good downtrend to the 64-63 area or more

11 Oct 2018 11:05 am
okay, still want to stay with the short side towards the 48.50-46 major area and that could be a magnet on this move to get a bit of capitulation, but so far not like yesterday yet

11 Oct 2018 11:10 am
a hold under 61.50 keeps pressure on to test or break this last low and keep on going like this

11 Oct 2018 11:13 am
should continue seeing all of the small bounces being sold and shouldn't get back to or above 58 area now it looks, and then especially the EMA's on 1 minute chart at 61.50 and neither should be reached

11 Oct 2018 11:21 am
needs to come down and take out 48.50 support in order to keep this downside going, otherwise getting over and holding over the 58 area gives this a chance to go to 62-63 at a minimum and almost as likely towards 68

11 Oct 2018 11:25 am
a chance this could be a low at the 48.50 support but only if this can get back over the 68.50 area and five enough to be able to stay there on a dip. A downturn from 67-68 area might be a bounce high instead for a decent pullback

11 Oct 2018 11:30 am
a bounce that makes it to 72 and stalls over shows rejection than that would be a likely bounce high, but really should get that far and should have one in place already

11 Oct 2018 11:33 am
if this is going to bounce back it needs to get going up from 57-56.50 with some gusto or else end up with another test of the low

11 Oct 2018 11:46 am
pullback from 67 held and turned up from 64 and still holding support at 48.50 so far this morning but unless the move over 67 happens and holds and turns up after breaking over needed, otherwise could have another pullback from double top here

11 Oct 2018 11:47 am
should be a bullish bias at the moment with the ES not all that far off of its low at a support zone that should be an important area, but is going to have trouble making much upside it looks at least to start

11 Oct 2018 11:52 am
yesterday the ES had a 100 point day session range, and so far today it's had a 50+ point day session range. bouncing 12.50 points is a 25% retracement and 25 points to get a 50% retracement. that is about at the 23.50 bounce high so far, so must bre

11 Oct 2018 11:59 am
bounce high likely it still bearish and should begin a decent pullback here

11 Oct 2018 12:03 pm
66-65.50 should be tested or broken on this move as that should be important pullback support if it is still acting normally and a low not in for sure

11 Oct 2018 12:04 pm
test of the bounce high was rejected, but still need to make a move under 67-66 area and then should fail on bounces still while holding under 78 area on any bounce

11 Oct 2018 12:07 pm
I am going to be and then out until around 1:20 roughly today with an early break as I need to get a few things done today in the afternoon. I'll update if necessary just ASAP.

11 Oct 2018 12:46 pm
the ES bounced back to the 87-88.50 prior initial support, and that is also resistance on other timeframe and that zone, so should be treated as a bounce high with another leg down on this move

11 Oct 2018 01:04 pm
this should be the second rollover coming off of the top and breaking down by going under 67 area and not bouncing back up over 70 and holding after that for very long

11 Oct 2018 01:08 pm
with the ES reaching 64.25 so far it will need to stay below 72-73 area in order to stay in a good downtrend, and another lower low and this move and set off a bottle by going over that area and holding

11 Oct 2018 01:13 pm
attempting to make a base and bounce from 64.25 area and should hold and give a pop-up to the 72 area at most if going back down again otherwise go up to or through the 74 area and hold 72 before going back up again to be bullish

11 Oct 2018 01:22 pm
the VIX made a Spike up high to 24.29 and reversed at 11:15, right with prices and then dropped to 21.22 and turned up at the 12:25 reversal on ES. dropping to 21.22 or more and turning up as a red flag now. Would need to go over 24 before buy signal

11 Oct 2018 01:29 pm
this has rolled over again and should not go much further before bouncing back, and would need to take out the 78.50 area that would have been a minor support/new resistance – just was too many areas

11 Oct 2018 01:38 pm
bounce failed under 78 and came right back down again, and will need to get above 78 area still or remains vulnerable for a move back to 64 and likely under that area going back towards 58 area first if 64 broken with momentum and held under 66-67 af

11 Oct 2018 01:43 pm
small pop-up sold into and back to the bearish action we have been getting lately with this heading to or through 64 that's the case

11 Oct 2018 01:45 pm
and if so a bounce after taking out 64 will also be sold into and work its way back towards the 48.50-46.50 area where this morning's low made at 48.50.

11 Oct 2018 01:46 pm
should stay under 72 on a bounce now that the ES has come back to tests 64.50-64 area again

11 Oct 2018 01:51 pm
should keep pushing lower being sold on the little bounce attempts if there are any more on the way to around the 58.50 area and if broken then must hold 54-52 or else write down to slice through the low area

11 Oct 2018 01:59 pm
so far bouncing back from what should be an important support around the 58 area now and will need to hold for the rest of the afternoon, or would be in danger of going back down towards the morning lows again.

11 Oct 2018 02:03 pm
about the middle of this last range and if .2 go back towards 58 and will hold under the 70.50 area but breaking over and holding that area and taking out 72 needed to go back up towards 78 again

11 Oct 2018 02:09 pm
as long as the ES is holding under 71 is going to be vulnerable for another pullback and possible break of the low area today

11 Oct 2018 02:12 pm
should state under pressure holding under 64 in case of a bounce but should be going down to take out the 48.50-46.50 support and low area for today

11 Oct 2018 02:25 pm
another small bounce that failed as today is a bit like yesterday without the 10 point countertrend bounces on the way down, although it was still a steady move. In any case should still be headed to or through 48.50-46.50

11 Oct 2018 02:26 pm
as long as there's not a bounce back over 63 that sticks but more important would be getting over 70.50 and holding

11 Oct 2018 02:36 pm
there is the new low and now could begin to plunge some, I doubt it gets carried away like yesterday but if it does then it could easily go to the 34-32.50 area next

11 Oct 2018 02:41 pm
the only reason I haven't recommended put options is that the premium is so high with the VIX at 25, just decent bounce could suck out the premium from those options very fast.

11 Oct 2018 02:41 pm
you need to know about options to understand this. However, depending on how things turned out the next 2 days, could have a good swing trade set up to take

11 Oct 2018 02:42 pm
in any case right now trend and momentum are still strongly down and this stays in a strong downtrend right now holding under 43.50 at the very highest and could go through 34-32.50 area on the way towards the 2698 area if like yesterday

11 Oct 2018 02:48 pm
I rather doubt that happens, but market was in freefall and can snap back a bit from 12.25 which is a logical area and if broken then that would open the door for a move back under 2700 before bouncing. A turnaround and low right here should be very

11 Oct 2018 02:51 pm
should be an important low in place now the remainder of the day. It looks like a move with some gusto back up over 45 area needed or else back down to the low or more possible still

11 Oct 2018 02:59 pm
made it to 40.75 and backed away, and 26-25 needs held and take out 40-41 otherwise can be further breakdown to test or break the 13-12 area

11 Oct 2018 03:04 pm
as long as this continues holding under 36-37 there should be some pressure on and especially taking out the 27 area and not going right back up again from that area. can avoid late day trouble if held above although still can be sold at higher price

11 Oct 2018 03:08 pm
low for the day would normally be in place, but the way the market has acted lately it's going to need to hold on a small pullbacks and go up again. A test or break of 28.50-27.00 area happens only if back in trouble late in the day again

11 Oct 2018 03:18 pm
good late day run-up starting at the new low reversal at 2:45 and pullbacks should hold at or over 45-44 area, and if broken and reversed back down then 29-27.50 would be held or else breakdown. Should not go there again

11 Oct 2018 03:23 pm
ES should stay at or above 56-55 if going to stay in a strong uptrend and not have a pullback, even if it's just a tiny one, before going higher from up here. And end of day pullback

11 Oct 2018 03:25 pm
the ES has turned away from the 60 EMA on 5 minutes chart at the 2:25 top and reversal and is currently at 66.50 at the moment to get through and not fail at again as downtrend resistance

11 Oct 2018 03:38 pm
with a pop-up to a lower high and turning down still under the 60 EMA, at keeps it in a downtrend still and taking out the 44 area and not turning right back up could keep coming then towards 32 or a little above, but if no sign of stopping then taki

11 Oct 2018 03:42 pm
internals poor again, the breadth about 3/1 in favor of declining issues and the same down volume versus up volume, and finally should have across-the-board extremes there and also on the VIX, up another 10% after spiking up in reversing from 28.84 a

11 Oct 2018 03:44 pm
enjoy the rest of the day and I will update tonight and then meet you here tomorrow morning. Looking for something different tomorrow I think. Take care!

 

INTRADAY LOG FOR TUESDAY - OCTOBER 9, 2018

09 Oct 2018 09:09 am
good morning. We are going to start with a sizable down open and now has the where.

09 Oct 2018 09:11 am
and from these lowsprobably will rebound nicely

09 Oct 2018 09:25 am
first run-up should be sold into, and may not be too far away

09 Oct 2018 09:28 am
an early move lower will need to bounce with some gusto from 82-81 area to avoid early trouble

09 Oct 2018 09:32 am
holding under 88 prior to initial support keeps pressure on

09 Oct 2018 09:35 am
pullback from 88 prior support bouncing from 82 support back up through 88 and stays strong as long as 85-84 hold at the moment

09 Oct 2018 09:37 am
middle of 88.50 resistance and 82 support needs to hold 85 area or else could be potential break lower to or through 82

09 Oct 2018 09:40 am
holding at 85 so no breakdown unless/until that is broken and looks like it could happen soon and holding under 86.50 then would keep pressure on

09 Oct 2018 09:44 am
holding 82-81 but need to take out 85 area with gusto and hold or else will break under 82-81

09 Oct 2018 09:50 am
a bounce that turned down from 82-83 or lower should come back down and test or break 77-76 area

09 Oct 2018 09:53 am
stalled out at 79 and getting close to 85 and if reached in a pullback need to hold 82 and turned up to keep upside from failing

09 Oct 2018 09:55 am
take out 88 on this move possible however have a hard time holding over that very long on the first time through. 86-85 should hold

09 Oct 2018 10:02 am
holding over 88 area now keeps this very strong and headed towards yesterdays high area or just below

09 Oct 2018 10:05 am
should come down to test 88 but if it holds at 90 and takes out 92 instead then 94 or a bit higher or lower – depending on momentum whether or not it takes out 94 and tests 95.50-96.50

09 Oct 2018 10:06 am
still should come down to test 88 or more holding under 92

09 Oct 2018 10:09 am
88 reached but has to take out 92 and hold or else could go back down to 86 area next

09 Oct 2018 10:12 am
just a heads up that I may be away 10-15 minutes at some point this morning, in case I just disappear for a while. At the moment a heavy market wanting to come down to 86 or more

09 Oct 2018 10:15 am
bouncing from just above 86 and needs to go back over 88 and hold and have enough gusto to keep going through 92 to avoid a topping pattern

09 Oct 2018 10:17 am
lower high and leading a 123 kind of top in place if a break under 88 especially

09 Oct 2018 10:22 am
market tentative to go higher and could come back towards 88 again but if it's going to take out yesterdays high it should hold at or over 90

09 Oct 2018 10:25 am
almost 294 and then 95.50-96.50 should be hard to break and hold over the first time up here, unless very strong and on its way over 2900

09 Oct 2018 10:27 am
94 high from yesterday was just reached and then backed away from here and leave a double top if 92 broken/held

09 Oct 2018 10:28 am
and goes down through 88 also and holds under 92 after that. Right now as long as 92 holds it looks like a chance at 95.50-96.50 or more

09 Oct 2018 10:33 am
96.50 taken out and 99.50 high so far but could poke over 2900 and if held test 2902 area before reversing back down for a while

09 Oct 2018 10:46 am
steady uptrend making it to 2900 now and should keep holding around 96.50-96 otherwise could be rolling over from up here

09 Oct 2018 10:57 am
with a tiny double top in place just under 2900 and the VIX dropping from 17.23 down to coming down to 15.31 and turning up 5 minutes ago, normally will be a high and if not then another pop-up should be sold

09 Oct 2018 11:01 am
breaking down some now and will need to get back above 95 area and stick to get another run-up of some sort, otherwise this bounce should stop under 85 at highest and roll over again to or through at least 90.50

09 Oct 2018 11:03 am
going to test or break through 88 area again and if broken then 86, current major area to hold on further pullback

09 Oct 2018 11:05 am
holding at 89 at the moment and unless 92 broken and held and then keep going up through 94-95 area, a high and place and still can test or break 88 area

09 Oct 2018 11:11 am
made it to 87 so far and has to get back over 90.50 area and stick instead of turning down again or else keeps going down to or through 82-81 next

09 Oct 2018 11:18 am
86.75-86.25 needs broken needs broken through, especially if it turns down from 94 or lower on this bounce, for a possible breakdown of some sort possibly back towards the low area. A move back over 82 that holds is needed to get turned back up again

09 Oct 2018 11:27 am
took out 94 and needs to hold around that area or else could come back to or through 92 which is becoming pivotal area in this range so far

09 Oct 2018 11:32 am
I will need to be leaving today at around 3 PM, so will probably start a break early today and then after that update until I need to go. I am expecting a phone call that could happen any time. as for ES, backing off but need to hold 92 and take out

09 Oct 2018 11:38 am
so far as a pullback turned up at 92.50 and holding just over 92 at the moment and must continue in order to avoid a possible breakdown if broken under and held. Update and about 10 minutes roughly

09 Oct 2018 11:47 am
at the moment the ES trading between 86.25(96.50 resistance) and 82 support and right now a hold at or under 96.25 should keep pressure on for possible break towards the low area or at least towards 88

09 Oct 2018 11:48 am
around 92 needs held first and get back over 95.50

09 Oct 2018 11:49 am
still should come down through 82, especially if the Dow begins rolling over. ES has been going with the NQ this morning

09 Oct 2018 11:54 am
well the 82 pivotal area held and gave a good run-up to the 97.25 low so far and as long as a pullback holds 95.50-94.50 at worst and goes up again then it could be making a token higher high at least

09 Oct 2018 12:01 pm
there is a chance for a decent pullback from a test of the high, but if not then going up to the 2902-2903 area or more before turning back down

09 Oct 2018 12:02 pm
I will be away until a little bit before 1 PM, but will update ASAP if update needed. Right now dips should be bought to test or break the high area

09 Oct 2018 12:11 pm
double top on the Dow cash and pretty close on the ES to be aware of

09 Oct 2018 12:45 pm
the ES has broken down from the double top and should keep being solon bounces on the way to test or break the 78 area and new low if this takes out 86.50 and then holds under the 88-88.50 area on a bounce attempt

09 Oct 2018 01:08 pm
so far this has been a fairly steady pullback with just a 4-5 point bounce on the way down and need to go back over 87.50 without turning right back down in order to reverse back to the upside

09 Oct 2018 01:17 pm
this bounce would need to turn down from 87.50 and take out 86 and holds instead of continuing to go over 88.50 then it's the 93-94 highs from the last couple of days, and should fail

09 Oct 2018 01:17 pm
update in about 10-15 minutes

09 Oct 2018 01:22 pm
I was a little bit early on that, but in the next 5-10 minutes I'll probably be the way for a short while but update right when I get back if necessary. So far two-sided action, but breakdown possible if 86 broken/held and could get upside going tak

09 Oct 2018 01:31 pm
okay, a chance this could be heading back down towards the 86 area and that needs held at or above on a pullback or else sellers still in control and heading lower

09 Oct 2018 01:36 pm
87-86 should be broken through and only a tiny bounce after in order to have further weakness going towards 82 area or more

09 Oct 2018 01:43 pm
bounces have been failing again and should continue holding under 87 area at the moment to test or break 81.50

09 Oct 2018 01:58 pm
still staying range bound with the bounce from a higher low still holding as the 82.50 support. The ES will need to go under that area this afternoon without turning right back up to has a reversal down. or go over 92 and make an attempt to break out

09 Oct 2018 01:59 pm
this should fail at the 90.50-91.50 area if it's going to be like the last bounce, but likely back off from up there

09 Oct 2018 02:00 pm
should be sold down to just under 87 and bounce to avoid another top

09 Oct 2018 02:02 pm
going to need to hold 86 or higher it looks and get turned back up after a short time stalling here otherwise back down towards 82-81.50 turning into major area for the afternoon

09 Oct 2018 02:05 pm
here comes the drop from the bounce high and back towards the low end at 83-81.50 that needs broken

09 Oct 2018 02:13 pm
bounce from 85 back to 89.25 so far and would need to break 85 and stick for things to turn down but at the moment it looks like both upside and downside limited, and stays range bound until late in the day most likely

09 Oct 2018 02:16 pm
should keep being bought on pullbacks until there is a stall for a few minutes or rejection of higher prices. Should keep buyers away for a bit more of a pullback if that happens

09 Oct 2018 02:19 pm
reached and rejecting 90.75 and just under the 91 swing high made around 1:25 and should be another pullback of 3-4 points

09 Oct 2018 02:20 pm
at a minimum. With that little double top in place now, a move back under 87 area by an up to hold below 88 could get this going down a bit faster now, as things change from bullish to bearish quickly in this range –

09 Oct 2018 02:20 pm
at a minimum. With that little double top in place now, a move back under 87 area by an up to hold below 88 could get this going down a bit faster now, as things change from bullish to bearish quickly in this range –

09 Oct 2018 02:33 pm
ES is getting top-heavy again and could roll over holding below 91 and breaking under 88.50 without turning right back up

09 Oct 2018 02:40 pm
this was trying to grind higher and keep going into the very late day, and still might, however the market hasn't liked it at higher prices and sellers eager to come in on bounces that are fizzling, and then covered on pullbacks, and with lots of sho

09 Oct 2018 02:44 pm
I am going to need to cut out today and about 10 minutes roughly. we have had a two-sided day,and it looks like the VIX would need to go over 16.04 at a minimum to get a reversal – can keep grinding higher with small pullbacks holding unless that h

09 Oct 2018 02:48 pm
another rollover from the 90.25-91.25 area and needs to break through and hold over that zone to have a late day run-up and avoid the late day pullback

09 Oct 2018 02:50 pm
on the bottom and, the ES will need to hold at or above 86.50-85.50 area to keep grinding higher and avoid breakdown by eventual take out of 91

09 Oct 2018 03:00 pm
a chance this could keep grinding higher if a pullback does not come back under the 91 area by much and hold under that area afterwards

09 Oct 2018 03:02 pm
look for this to keep Friday higher. I need to call it a day so I will send then update this evening and meet you here tomorrow morning. Take care!

 

INTRADAY LOG FOR MONDAY - OCTOBER 8, 2018

08 Oct 2018 09:06 am
Good morning. it looks like it's going to be another one of those days where the market has trouble holding onto gains

08 Oct 2018 09:13 am
the 86.50-85.50 area it needs to be taken out and not get back over 86.50 in order to keep the pressure on the early

08 Oct 2018 09:16 am
I will give an update shortly after the open

08 Oct 2018 09:33 am
pressure will stay on as long as the ES is holding under 85.50 - 86.50

08 Oct 2018 09:40 am
continues to that entire from 78 low and needs to at least take out 85.50-86.50 and hold, otherwise another decent pullback possible

08 Oct 2018 09:44 am
85.50-86.50 area reached and needs to take out 86.50 and hold 85.50 and it can continue moving on up to or through the 91 area if it holds up there and not reverse

08 Oct 2018 09:46 am
if the ES goes back under 85.50 and holds under 86.50 after that then rolling back over most likely

08 Oct 2018 09:50 am
hey turned back down from 88.50 or lower and breaking back under 85.50 and holding could mean a high in place for a bit for at least the next pop-up should be sold into

08 Oct 2018 09:53 am
85.50 held and quickly turned up and will need to keep holding now as a pivotal area and would need to be broken and held under soon to put a high and place for a bit and not keep going to or through the 90-91 area and then 93.50-94.50 Friday closing

08 Oct 2018 10:00 am
needs a bounce from around 88 or else may be a high and place instead of another bounce to or through 93.50-94.50 Friday closing range next and could turn around there or lower if still somewhat weak

08 Oct 2018 10:03 am
if there is going to be a pullback then 88 area needs taken out and held under 88.50 on a bounce attempt and down again it appears

08 Oct 2018 10:04 am
take out 88 and then should hold under 90 to get a pullback to the 84 -83 or lower

08 Oct 2018 10:07 am
oversold versus poorly acting market and unless this bounce from the open strong enough to take out 91 and stick otherwise poor action wins out for the time being

08 Oct 2018 10:13 am
consider the ES strong as long as 88-87.50 is not broken, as that needs to happen for uptrend stays in tact for now to test or break above the 93.50-94.50 area

08 Oct 2018 10:16 am
93.50-94.50 still needs to be taken out or else this could end up being a top up here if it goes back under 90 and especially 88 with out getting a good bounce back up

08 Oct 2018 10:16 am
update and about 10 minutes or so

08 Oct 2018 10:21 am
this rollover will need to bounce with some gusto from around 90 and take out 93.50-94.50 area or else and the topping out for a bit and testing or breaking 88

08 Oct 2018 10:28 am
holding at 90.50 keep being this from a pullback of some sort and needs to sell though over 93.50-94.50 and stick could be a high area 90.50 area broken and then holds under 93-93.50 area and turns back down through 88 area

08 Oct 2018 10:28 am
holding at 90.50 keep being this from a pullback of some sort and needs to sell though over 93.50-94.50 and stick could be a high area 90.50 area broken and then holds under 93-93.50 area and turns back down through 88 area

08 Oct 2018 10:35 am
drop from 93 held 90.25 and quickly turned up, and unless 90.25 holds and 93.50- 94.50 is taken out and held then could have good low and otherwise a shot of a decent pullback taking out 90 and then 88

08 Oct 2018 10:36 am
top should be in poor a bit and bounces should be sold at or under 92-93 and should get over 93.50-94.50 and hold or else could break out on the upside

08 Oct 2018 10:39 am
bounce from 88 should back away under 91 and come back down if going to have a bigger pullback then just that 88 area

08 Oct 2018 10:41 am
NOTE: I need to go today around 11:25 and will be back a little bit after 1 PM. My apologies, but I will update as soon as I am back and have had time to gather myself and see what's going on. Right now it's got one more run-up to 91 but not take out

08 Oct 2018 10:44 am
topped out at 90.50 and rolled over and taking out 88 keeps pressure on by holding under 90 and 86 or just below as next

08 Oct 2018 10:48 am
coming to the 85.25 area and if broken then around 83.50-82.50 possible

08 Oct 2018 10:49 am
88-88.50 and the new bounce resistance and pressure should be on holding under

08 Oct 2018 10:50 am
85.25 is a level that needs to take out, and if so it opens the door to go towards the 83.50-82.50 area. Should hold under 88.50 If going to get down there

08 Oct 2018 10:55 am
token lower low at 85 being held and turned up but needs to get over 88 at minimum or else will be breaking down to or through 83-82 area

08 Oct 2018 11:00 am
with the ES holding right around the 85.50 the initial support and current uptrend support area, that 85 pullback low should be important now and needs held or else further drop towards 83-82. If 88 broken, things can go from bearish to bullish for a

08 Oct 2018 11:03 am
84 reached on the move down from 88 updated resistance and should still test or break 83-82 on this move down or more

08 Oct 2018 11:06 am
note: I am going to need to leave a little bit sooner than anticipated, at 11:15 until a little after 1 PM. Again my apologies.//So far 83-82 zone being reached and could bounce from here but would need to go with gusto over 85 and stick to start wit

08 Oct 2018 11:07 am
with support being reached there's a chance there could be a bounce, but not know past 88 and that's not likely right now.

08 Oct 2018 11:12 am
pressure stays on under 85 area and breaking and holding 82 needed to test or break the 78 low of the day made just after the open. Above 85 the 88 area strong/pivotal area. Same with around the 78 early low, and needs held or Friday low around major

08 Oct 2018 11:15 am
bounce from bottom of updated support at 83-82 held but stays under pressure on a bounce under 85. Bus clear 85 or else could take out the 82 low and tests the 78 low of the day

08 Oct 2018 11:19 am
or more.right now it looks like we had and oversold bounce from the open, with the ES going up 15 points in 45 minutes and then back to being sold at higher levels. Probably get two-sided action, only sizable breakdown having a chance holding under 8

08 Oct 2018 11:20 am
Probably get two-sided action, only sizable breakdown having a chance holding under 85 and breaking 82 and then 88 and hold under 82 if it keeps going lower. A move over 85 and then 88 and holds around 86 and up again, possibly up towards highs again

08 Oct 2018 11:21 am
I will be back a little bit after 1 PM. Don't be surprised if 78 is reached or broken through holding under 85

08 Oct 2018 01:01 pm
I came back to see that the ES held under 88 and nosedived to 66, had a good bounce stall and then reverse at 76.50 prior support area back down to test this low, and needs to bounce back over 72 area or else still under pressure especially holding

08 Oct 2018 01:16 pm
the ES made it all the way back to the 75 points 50 level and just under the last swing high and still is bearish and was broken and able to hold over that area longer than 5-10 minutes after breaking above if it is

08 Oct 2018 01:20 pm
this will need to have a bounce from above the 66 level go back up above the 76 area and be able to hold up over that area. If it stops around 72 or lower, then it could make a lower low

08 Oct 2018 01:30 pm
still needs to take out 72 area or pressure stays on to test or break 66.50-66 zone and opened the door for as far as 53-52 next – likely somewhere in between

08 Oct 2018 01:32 pm
so far good buying coming on the pullbacks that are holding over the low, so could be a low in place for a bit, but still bounces should fail in less there's a break and hold back above 76-77 area, which has been good resistance once already

08 Oct 2018 01:34 pm
need to keep holding around the 72 area and if broken by much then odds of testing or breaking 76-77. If broken under and held then 69-68 again must be higher lows with a quick turned up with gusto again

08 Oct 2018 01:36 pm
if this action was not so bearish, I would be considering a swing trade on the long side, but even though indicators should be at across-the-board extremes, still need to get bounces sticking and pullbacks holding at support areas again

08 Oct 2018 01:38 pm
I haven't had any kind of break since getting in the door somewhere around 1 PM. Need to take about 15-20 minutes, but update if absolutely necessary. At the moment, still bearish under 76-77 although taking out that area and holding could get things

08 Oct 2018 01:43 pm
poke over 77 needs to hold 73 or else a top of some sort made and a bounce after should fail also

08 Oct 2018 01:52 pm
there was a spike up and tail left at 78.25 down to 76.25, and has to hold that level otherwise there could be a breakdown if broken and held under 78 area. After that

08 Oct 2018 01:56 pm
beginning to break down some now and should be more than just say small pullback if a break and hold under 76 gets any momentum

08 Oct 2018 01:58 pm
that was if 75 broken/held, and this should be just a feeble bounce holding under 77 and another push lower if turning week and a top in place

08 Oct 2018 02:04 pm
breaking out higher and should be resistance around 82.58-83 on this move and then a pullback should hold and get bid back up again if not coming down through 78 and holding

08 Oct 2018 02:09 pm
there has been two-sided action so far and after holding 74.75 and turning up it has been strong, and now has the 80.75 low to hold to keep a good uptrend and needs to break and hold over 84.50 -85 area as a new resistance

08 Oct 2018 02:13 pm
with this getting all the way back to 86.25 area, that is 75% retracement of the high to the low, needs to be a tiny pullback and keep going up above 86-86.50 with enough momentum to also break 88.75 and then the 93 high of the day – does not look

08 Oct 2018 02:16 pm
getting bid at 82 area as good hold their if going to test or break 86 area or go higher. Otherwise topping out for a pullback of some sort taking out 82 area

08 Oct 2018 02:16 pm
double top on the Dow cash also

08 Oct 2018 02:24 pm
not looking good now with a double top rejection at 85.75-86 and top until proven otherwise

08 Oct 2018 02:25 pm
and especially taking out 82-81.50 with momentum to hold under that area especially. Another bounce from that area or above needs to blow up through current double top without coming right back down again

08 Oct 2018 02:32 pm
well, oversold did get even more extreme this morning with the VIX jumping up over 18 for one thing. Anyhow, with that ES holding 82 were getting another push higher and so far 88.25 has been reached and 88.75 area needs taken out next. This one shou

08 Oct 2018 02:43 pm
getting a little bit extended here but probably should be long over 82 on a dip, or if 88 broken and held, could keep on running and could just as easily reverse so would wait until upside stalls/reverses for a pullback in the uptrend if they are sti

08 Oct 2018 02:47 pm
now needs to break down under 86-85.50 area and stick under 86 area after that, otherwise another push higher

08 Oct 2018 02:51 pm
15 point bounce, 27 point drop, almost 25 points so far and just a bit under the 93 high, and good resistance there and if broken then 94.50 would need blown through also and able to stick. It's acting a bit pullback ready if 91 not broken soon

08 Oct 2018 02:51 pm
looks like one more pop-up has a chance if 89 area can hold

08 Oct 2018 02:53 pm
still a strong market with all of the small bids being bought as long as a hold over 90.50-89.50 area at worst right now

08 Oct 2018 02:57 pm
should be a bounce high in place and bigger pullback coming at some point here holding under 91 area at highest

08 Oct 2018 02:58 pm
really should stay under the 90 area, or 90.50 at most, if going to the weekend off for a decent pullback

08 Oct 2018 03:01 pm
86 area needs taken out on the bottom and 90 area needs taken out on top, and this battle should be one by sellers if a token higher high gets rejected, but if not and still holds on a tiny pullback it's going to go to or through 94.50 and possibly

08 Oct 2018 03:05 pm
oversold indicators and overly bearish sentiment keeping the market from breakdown today and instead leaving what should be an important low in place for now. Intraday double bottom, but bigger picture should be a decent pullback after upside burns o

08 Oct 2018 03:05 pm
Intraday double bottom, but bigger picture should be a decent pullback after upside burns out late today or sometime early tomorrow

08 Oct 2018 03:06 pm
91.75 and 93 highs, pretty close to a good double top, but would need to come down under 86 at the end of the day to finish poorly and leave this top in place up here

08 Oct 2018 03:06 pm
should be headed that way now

08 Oct 2018 03:09 pm
this should avoid trouble only if the ES can hold at or above the 86.50 or basically the 86.50-85.50 initial support area. must be broken through and held in order to turn trend and momentum back down. Otherwise another push on the upside.

08 Oct 2018 03:12 pm
I will be able to update tonight, and then meet you here tomorrow before the open. Take care! downside sure looks limited with this strong uptrend for a change and headed for the high it appears. See you tomorrow

 

INTRADAY LOG FOR THURSDAY - OCTOBER 4, 2018

04 Oct 2018 09:10 am
Support 2927.00-2926.00 pivotal early Thursday 2922.50-2922.00 major early Thursday 2918.00-2917.00 potential reversal area 2913.00-2912.00 major #2 Thursday 2908.00-2907.00 short-term major 2903.00-2902.00 strong/potential reversal are

04 Oct 2018 09:13 am
the market has been acting poorly lately and overnight was at the 13-12 area before bouncing back about 10 points so far and could go a bit higher but bounces should fail.

04 Oct 2018 09:13 am
I will update the little bit after the open

04 Oct 2018 09:24 am
23-22 area could be pivotal up here and needs to break 22 and hold under 23 area and turned down if a bounce

04 Oct 2018 09:27 am
will need to turn down from 26.50-27.50 area at most it looks

04 Oct 2018 09:32 am
has to get over 24 and be able to hold mouth to get a turnaround attempt is otherwise 18-17 so possible

04 Oct 2018 09:38 am
pressure will stay on holding under 22-23 at the moment and would need to be broken and held over at a minimum for a run-up of some sort

04 Oct 2018 09:45 am
almost down to the 18-17area which must hold and turned back up over 20-21 at least to attempt a turnaround or elsekeep going

04 Oct 2018 09:49 am
bounce coming from 17.75 support and needs to go through 22 area and not get turned right back down to get a bottom in

04 Oct 2018 09:56 am
low in place at support but backing away from just under 22-23 right now so could go back to test or break the low area

04 Oct 2018 10:00 am
double bottom could be broken and go towards the 13-12 area

04 Oct 2018 10:02 am
or it could bounce from a little back above 13-12 but would need to turn around with some good momentum and don't see that happening buying some news event

04 Oct 2018 10:07 am
17.75-18.75 area would need to be taken out and then held around 17.75 and turned up after that, or 15.50 will not be a bottom but instead 23-22 tested or broken through possibly on the way to or through 2908-07

04 Oct 2018 10:15 am
small attempt to reverse the downside at the moment from 10.75 back above 12 and right now needs to get over 14.50 in order to break the strong downtrend and still a short under that to the 2908-2907 area

04 Oct 2018 10:24 am
need to get over 10.50 area and not turn right back down again to stay in a steady downtrend guided by the 9/18 EMA's on the 1 minute chart

04 Oct 2018 10:28 am
2903-2902 area must hold or else breaking apart with a steady drop . Taking out the 11.25-12 area and not quickly turning down again could mean a low in place for a bit of a bounce

04 Oct 2018 10:35 am
10.25 bounce resistance at the 18 EMA on the 1 minute chart rejected and back to the low and still needs to get over that dynamic downtrend resistance and stick to attempt a turnaround

04 Oct 2018 10:38 am
up to this point the gap down open has turned into a trend down move but bottom could be in and a decent bounce fail if 10.25 is broken and held. Should be resistance at 13-13.50 area then if 10.25 broken and sticks

04 Oct 2018 10:45 am
2909.75 bounce high and now a move over 2909.75-2910.25 that is not turned down but able to hold instead has a chance to start a bounce back over 13 area possibly a bit higher if not rejected

04 Oct 2018 10:53 am
even though the ES took out updated resistance so far it stopped at 2912 on a feeble bounce attempt and will need to hold 2908 otherwise break under the 3 bottoms that were made at 2906-2905.50

04 Oct 2018 10:59 am
should be going down to test the low if 2908.50-2908 is broken through and needs a good bounce or else could keep going to or through 2903-2902 with decent downside momentum

04 Oct 2018 11:02 am
should have a low in place for a bit and another pullback should get bid back up from around the 2908 area or higher on a dip and get back over 12-13 if it's going to attempt 15.50 area possibly a tiny bit less or more

04 Oct 2018 11:10 am
finally have a jump on the VIX as it went to 13.67 was up >18% and the highest level since 9/17. It was helping to keep the market down, and needs to have a reversal on daily basis a buy signal

04 Oct 2018 11:12 am
backing away just a bit from the 13.25 new resistance and needs to hold 10 and take out 13 with a run-up strength that 12 can hold after that to avoid possible move back under 10

04 Oct 2018 11:15 am
still unable to take out 13 and stays under some pressure unless broken

04 Oct 2018 11:29 am
bouncing around the 2913 area and the 2908 area and needs to bounce from 2908 or else keep on going down to or through the low area

04 Oct 2018 11:31 am
bounce from 2908 should fail and breakdown towards the low area

04 Oct 2018 11:33 am
need to go through 2908 without turning right back up or test or break through 2906-2905.50 low area

04 Oct 2018 11:35 am
would need to make a good double bottom bouncing from 2906 area back up above 2913 area or else no low in place but just a bounce

04 Oct 2018 11:49 am
this is still acting like a trend down move and will stay that way as long as 2908.50 is not broken and then held after that. So far a very weak market with all bounces being sold again

04 Oct 2018 11:57 am
bounce from 2903 support bounced but a feeble bounce again and still in a trend down mode and could test or break through 2903-2902 and then it's the 2897.50 area

04 Oct 2018 12:02 pm
this could keep billing and have a bigger breakdown through the 2902 area if another feeble bounce fails as the ES would need to bounce off of 2698 back over 2902 and stick otherwise it stays a trend down move headed towards 2892 area

04 Oct 2018 12:16 pm
a bounce off of a bounce off o 2900.25 turned down at 2905 and backed down to test the low and unless the ES gets back above 2906-2907 at least and sticks this will stay in a trend down day

04 Oct 2018 12:18 pm
already at 2898-2897 zone and the last important area before 2893-2892 and then important down in the mid--low 2880s

04 Oct 2018 12:21 pm
I will be away until around 1:20 but will update if necessary as soon as I am free. In a nutshell, bouncing from 98-97 support but bounces should keep failing holding under 2903-2903.50 area now

04 Oct 2018 01:01 pm
quick note with the ES making a run-up to 2904.50 it stopped under the breakdown area and a prior bounce high along with a down sloping 20 EMA keeping it in a good downtrend and still trend down mode to at least test or break the low area

04 Oct 2018 01:21 pm
yesterday the VIX went all the way down to 11.34, and as I noted only under 11.57 until then going into the January top, and all the way up to 15.41 – its highest level since 15.63 on 9/7 and a reversal the next day. Normally would consider inverse

04 Oct 2018 01:21 pm
Normally would consider inverse the VIX ETF (SVXY) but market ugly and it could keep going over 18 before it's over

04 Oct 2018 01:25 pm
sneed to hold at or below 93.75-94.75 area, and next area below is at 84-83 and should be last major area before going to around 2872-2870 intermediate-term major area, even 60 EMA on daily

04 Oct 2018 01:29 pm
91.75 is just 1 tick under the major area at 93-92 and a chance of that being a low if this can do more than bounce for 15 minutes and take out the 2899.50 area

04 Oct 2018 01:34 pm
this still is going trend down and in order to change that possibility there will need to be a bounce that takes out the down sloping 20 EMA on the 5 minute chart which has held it down 2 times so far, and would need to be broken above and then held

04 Oct 2018 01:42 pm
need to have a move take out 2897.50 area and stick and turned up again after a small dip and take out 2899.50 next if going to turnaround– or still in downtrend

04 Oct 2018 01:45 pm
another failure to take out 97.50 and break back under 95 and sticking can mean another leg down towards the low again

04 Oct 2018 01:46 pm
at least a pullback to around the 93-92 area again and if that is broken through again also then a retest of the low or lower again

04 Oct 2018 01:50 pm
careful on days like these not to be shorting new lows or even close to them, could have a trend down day and end up getting stopped out a bunch of times because of chasing new lows and then having the market bounce back to take you out then move dow

04 Oct 2018 01:54 pm
123 kind of bottom, but needs to take out 96.50-97.50 area and then be able to stick, turned up after a small dip and not more than a point or else quickly going back to the low or last low on another bounce attempt

04 Oct 2018 01:59 pm
like shooting ducks in a barrel, just let the ES pop-up and as soon as a move just stops going up or stalls get short as you will get them back the way the market's acting today. Just keep a fairly tight stop has the bounces have gone a decent amount

04 Oct 2018 02:16 pm
now that there are 4 tests of the 90.75-90.50 to break through if the downside is going to keep going today, and not be a low and start a rebound of some sort. Would need to get over 96.50-97.50, otherwise nothing changes and the trend down move well

04 Oct 2018 02:27 pm
this has a chance of being sold from the open until the close today if this kind of action continues. It has been a trend day and a gap and go day with high of the day made on the open, has much better than 50-50 odds of a low in last 20 minutes. Cer

04 Oct 2018 02:34 pm
has been nothing showing change in character yet however. Only a good reversal at the 2:20 from the 88-87 support (last before 84-83 major) and see if the VIX drops under 15.35 and then especially 14.99 to reverse enough for prices to go opposite and

04 Oct 2018 02:34 pm
to reverse enough for prices to go opposite and a chance to stick. Need a move over 93.50-94.50 downtrend resistance

04 Oct 2018 02:36 pm
last chance of the day to break the pattern by taking out 96.50-97.50, or by being able to hold at or above 91.50-91 area on a dip now

04 Oct 2018 02:39 pm
2:20 PM low and reversal on the ES and the VIX reversing down from a bounce all the way back to 15.84 and just taking out 14.99 now,and ES made to stay above 96.50

04 Oct 2018 02:41 pm
should pullback to that area and bounce but if no bounce than keep coming back down to the 93 level where it should be worst to avoid avoid a bigger drop may be towards its low again

04 Oct 2018 02:48 pm
topping out under 2900 and should come back down to or through 94 area and test or break 92.50 area on the way down

04 Oct 2018 02:51 pm
can get some shorts to cover if this holds above 94.50 much longer and a push over 2900 would need to hold at or above 2898 if upside to continue instead of turning back down from that area

04 Oct 2018 02:56 pm
we had a 2:20 PM low and reversal which is not uncommon and also is coming from the last pullback support above what should be an important area, around 84-83 that's under today's low at support. Should not see that today, could keep going to or thro

04 Oct 2018 03:01 pm
should keep moving higher as long as the ES stays above 2900, not go back under that level and hold. If it does, and also comes back down through 95 area than test or break 92.25 end of the day

04 Oct 2018 03:03 pm
stays in a good uptrend holding the EMA's on the 1 minute chart in this uptrend as new dynamic support to continue holding– 9 and 18 EMA's

04 Oct 2018 03:10 pm
93.75-92.50 current uptrend support to hold to keep grinding higher to test or break 2906-2906.50 area otherwise potential rollover

04 Oct 2018 03:14 pm
25.50 is going to be hard to get over and hold it looks like and unless it does 2902.50-2902 meets held or else if no bounce from there or above over 25.50 then goes the other way and a pullback to around the 2896 area or more

04 Oct 2018 03:19 pm
ES has been holding EMA's on the 1 minute chart most of the way up and right now our holding right on 18 EMA and needs to break 2902 in order to break that uptrend at the moment

04 Oct 2018 03:22 pm
we had the trend down going and then the 2:20 countertrend turn and now in the last 40 minutes and stalling out and begin to have a pullback of some sort but stays okay if a hold over 2900 block could be breaking down if broken/held

04 Oct 2018 03:23 pm
we have had another decent move on the VIX just turned up, could be a red flag if it doesn't turn back down from 14.69 or lower, as a move above that gets a better uptrend on the VIX and stronger downtrend on the ES

04 Oct 2018 03:32 pm
backing off of late day bounce again and unless that ES can hold 2899 and take out 2903 then it's under pressure and there could be another pullback before the close

04 Oct 2018 03:34 pm
if the ES holds 2899 and does take out 2903 area, then there could be a decent move up before closing. should be hard to have a run-up that sticks

04 Oct 2018 03:35 pm
have a great rest of the day! I will update tonight and then meet you here in the morning. Take care!

 

INTRADAY LOG FOR WEDNESDAY - OCTOBER 3, 2018

03 Oct 2018 09:05 am
Good morning. We will have another big up open and will see if it's able to stick over 37-36 and then take out 42-43 and hold also. If it can't hold 37-36 then 32 a possibility

03 Oct 2018 09:15 am
just a heads up that I will need to leave today a little bit before noon and will be gone for the rest of the day, and cannot do a nightly update unless I can somehow find a way to do one quickly. My apologies

03 Oct 2018 09:25 am
could go higher from the open like has been lately, but after and goes under 37-36 and holds under 37-38 area it could be 33 area, but will see. holding 38 keeps it out of trouble with a shot at 42-43 area

03 Oct 2018 09:32 am
must hold 38 and take out 40 to avoid early breakdown towards 36 area

03 Oct 2018 09:35 am
42-43 upside target

03 Oct 2018 09:36 am
and needs to keep going through 42 otherwise they reversal back under 40 could leave a high and place

03 Oct 2018 09:41 am
pop-up quickly rejecting the high and should be a top going to need to come down through 38.50-38

03 Oct 2018 09:44 am
holding under 39.50 could still go to the 36 area

03 Oct 2018 09:48 am
needs to hold 38 and take out 39.50 and hold over 39 and keep going up after that to get something going on the upside and not reverse from around 39.50 or just above

03 Oct 2018 09:49 am
39.75 rejected and a bounce high in place

03 Oct 2018 09:50 am
36 is a target on a break under the 38 area that quickly turned up again

03 Oct 2018 09:56 am
36 should be reached at least

03 Oct 2018 09:58 am
that area looks like it's going to be good support around 36 or a little bit above and it's not going to break down further to the 33-32 area

03 Oct 2018 10:03 am
could be making one last pop-up if going back to the 36 area or more but a bottom could be in for a bit if 39 is broken

03 Oct 2018 10:04 am
42-43 if not a double top

03 Oct 2018 10:06 am
42-43 great and now 40-39 needs held now at worst or could be a high in place for a bit

03 Oct 2018 10:14 am
tiny double top all-around 42 resistance but unless there is a break under 40-39.50 area that sticks under 40 could reverse this. But still strong holding 40-39.50 Worst right now

03 Oct 2018 10:16 am
ES could be going for its all-time high today and join the Dow, but needs to hold 41.50-40.50 area or else could be reversing

03 Oct 2018 10:22 am
need to hold at four above 41.50-40.50 or else could be a reversal instead of steady continued uptrend towards 47-48 area possibly

03 Oct 2018 10:26 am
a quick pullback off of 44.75 and needs to stop and turn back up from above 42-41 or else a high could be in place for a bit and sold on a bounce after that

03 Oct 2018 10:31 am
we have the VIX dropping all the way to 11.34 and reversing, it should be a high in place and all bounces fail from here and heading to or through 40--39 area if there is going to be a bigger breakdown. Small bounce to 43 possible first

03 Oct 2018 10:37 am
needs to holds under 42 now and take out the 40-39 area to have a breakdown from up here, and needs to take out 43 and not reverse to avoid eventual breakdown

03 Oct 2018 10:38 am
update and about 10 minutes but be looking for a breakdown of some sort seven

03 Oct 2018 10:40 am
just broke down, so will stay under pressure holding under 42 at the very highest and should break and hold under 39.50 to keep going down to or through the 37.50 area or more

03 Oct 2018 10:43 am
36 is the gap fill area and if just a feeble bounce stops and drops from around 40.50-41 it could get there on one more push lower

03 Oct 2018 10:51 am
bounced back but now it's the 42 level that needs taken out and held or else could go back under 40 and begin to have a bigger pullback possibly goes towards 36

03 Oct 2018 10:56 am
going down under 38 in order to have a breakdown and not bounce from that level. Back over 41.50-42

03 Oct 2018 11:01 am
bounces are going to keep failing, another time where the VIX went to an extreme and reversed from 11.34 and don't think will see that level again as the market could come unwound if 36 easily broken through

03 Oct 2018 11:04 am
the ES went to 35.75 and filled the gap at yesterdays 36 top and should keep going lower as long as this bounce holds under 38.50-39.25 at the highest and should be at or under that zone

03 Oct 2018 11:09 am
retest of 36 comments to around 34 or lower, 34 about 50% retracement from yesterday's 24 updated support and low in the last hour up to today's high, must hold at four above that area now

03 Oct 2018 11:18 am
needs to keep going up through 38.50-39 and then hold 38.50 area on a dip after that to get going from here and not a feeble bounce that fails

03 Oct 2018 11:18 am
at the moment so under pressure under 39 area

03 Oct 2018 11:24 am
the Dow is the only average and new all-time high territory again today, and has another small gap up open on its chart to be filled sometime fairly soon. Right now it has made a 123 kind of top and after pullback 20 minutes going sideways and should

03 Oct 2018 11:27 am
and should break down or up soon and if it is higher then needs momentum to get sober 40 and not turn right back down

03 Oct 2018 11:29 am
ES turning up and should hold over at/above 39-38 on a dip and continued up over 44 a shot at 41.50 or more

03 Oct 2018 11:31 am
38 area is going to need to hold now to keep current uptrend and bounce from the fill of the gap at 36, 35.75 low, and should not go back down there or else breaking down towards 33-32 or more.

03 Oct 2018 11:33 am
if a bounce from above 38 can go over 40 and stayed over 40 than a shot at a better bounce towards the high area, or 41.50-42 area at least, and then a shot at a reversal. If 40 is not held then 38 could be tested or broken on the other side

03 Oct 2018 11:34 am
looking like bounces could be failing again today at higher prices and bid back up on the pullbacks unless or until there is a decent hit to the market. Next update and about 10 minutes or so

03 Oct 2018 11:51 am
double bottom at the moment at 36 gap fill support at some moment and needs to take out the 40 area and stick, or else stay range bound for a while

03 Oct 2018 11:55 am
I need to call it a day in about 10 minutes, which I noted about the next few weeks in last night's update. I will not be able to update tonight, but should be here tomorrow morning before the open. right now a pop-up over 41 and hold 40 needed to tr

03 Oct 2018 12:09 pm
41.50 rejected and so far polling back under 39.50 and if 39 is taken out and holds under 40 area pressure should stay on going back down to a higher low above 36 but if broken then 33-32

03 Oct 2018 12:11 pm
I need to call it a day now. I will next meet you here tomorrow morning before the open. Have a good rest of the day!

 

INTRADAY LOG FOR TUESDAY - OCTOBER 2, 2018

02 Oct 2018 09:12 am
good morning. As long 23-22 holds, there should be a decent bounce to start the day

02 Oct 2018 09:21 am
Bible update a little bit after the open

02 Oct 2018 09:27 am
at the moment the ES needs to get above 30.50 and then holds 29.50 area on a dip if a could rally is going to be underway. A decent pullback early otherwise

02 Oct 2018 09:35 am
high can be in place for a bit if the ES turned down from under 29.50 or lower and takes out 27

02 Oct 2018 09:36 am
should be a high in place for a bit fifth 27 is broken and not turn right back up

02 Oct 2018 09:42 am
should be a high in place but if 26 holds and 28.50-29 is taken out and able to stick then can keep going to or through 30.50 and then has to get over 32.50-33.50 area

02 Oct 2018 09:46 am
buyers should be in control on a dip that holds 28. 50-27.75 now

02 Oct 2018 09:47 am
up to the 32.50-33.50 resistance that needs cleared and held on a dip or else come back down to around 29-28 area and if so must go up again from there or could be making a top

02 Oct 2018 09:50 am
30.75 being rejected and needs to bounce from 29 -28.54 else topping out and another pop-up should fail

02 Oct 2018 09:52 am
the ES should be under pressure holding under 30.50 area, it has to get over 30.50 and hold just to get to 32.50-33.50 although not stick if it did. It should get there and should come back down through 28

02 Oct 2018 09:57 am
a break under 26.25-25.50 cause a bigger breakdown to or through 23-22 area, or click turned back up but if so then would need to take out 28.50 and stick. It does right now

02 Oct 2018 10:00 am
this bounce from a 2 ticks above the 26.25 low will need to hold that area. Tested another time otherwise could be breaking down. Should not take out the high and stick, should be sold up around that area if another push higher and it stalls or is re

02 Oct 2018 10:04 am
gyrating around in a range between 26.25 and 30.75 and should have trouble breaking out higher unless a hold over 30.50. Oh wise another time to 36.25 area could be broken

02 Oct 2018 10:05 am
bounces are not going to hold even at lower levels so short bounces if not short already

02 Oct 2018 10:08 am
would need to hold 26.25 and run up over 29-29.50 and stick to have a low in instead

02 Oct 2018 10:12 am
new low made and needs to go above 28.50-29.50 and hold 28.50 area and turn up again to attempt a better bounce and avoid further downsides to test or break 23-22

02 Oct 2018 10:17 am
bounces should keep failing as long as they stay under 29

02 Oct 2018 10:23 am
if this continues holding under 26.50 pressure will be on and a move under 24.50 will open the door to test or break the 23-22 zone and would need to break through and not leave a double bottom there

02 Oct 2018 10:25 am
it is the ES which is very weak today while both the NQ and the Dow are both holding up pretty well so far this morning. the 25 level last support until 23-22 and must hold and takes out 28 at least and still hold after that

02 Oct 2018 10:32 am
so far failing at 28 and has to at least take out 28 and not turn right back down again keeping pressure on and two attempt a turnaround needs to take out 28 and stick and not go back down to or through 25 low of the day

02 Oct 2018 10:38 am
bounces still failing and just made a new low headed to or through 23-22 the maybe 18-17

02 Oct 2018 10:42 am
as stated last night bounces should be failing still and ES should be going to or through the 23-22 zone and the Dow has a double top in place and could break the bottom of its morning range causing bigger breakdown on the much weaker ES

02 Oct 2018 10:48 am
the Dow cash needs to go up over 26,691 and not turn right back down for it to extend its gains on the upside and if the NQ also holds up then the ES has a shot at taking out 27 area and if so would need to stick and not be rejected again

02 Oct 2018 10:51 am
taking out 28 especially should mean a low with the Dow waiting the way up and this move fizzles out as soon as the Dow begins to stall and could be very close to the 30.75 early high

02 Oct 2018 10:54 am
backed away at 30.25 then popped up to a new high at 31.75 and getting close to the 32.50-33.50 area which should be sold if reached or just below on another pop-up that fails from 29 at worst or top already in most likely

02 Oct 2018 11:05 am
unless 31.75 is going to stay there as a top, the ES needs to turn up from 28-27.50 at the worst and then go up with some gusto. If so it should be a short at 32.50-33.50 area if reached and stalls or is rejected. And long over 28 risky but for a lit

02 Oct 2018 11:11 am
bounce from 28.50 reached 31.25 low or high so far and a poked up to the 32.50-33.50 area should be sold into with a pretty tight stop as that is resistance and should be hard to get through at least the first time

02 Oct 2018 11:18 am
with this rebound making a double top at the moment, the VIX went to 11.85 and is close to reversing and going over 11.90 could mean a high up here with prices reversing the opposite direction

02 Oct 2018 11:24 am
the Dow made a token new all-time high (intraday) and backed away and could be a high in there for a bit. ES should be sold from under the high. If not and a new high then 32.50-33.50 should be the most or at least not stick if going to have another

02 Oct 2018 11:27 am
should be a high in place now and especially if a move back under 29.50 is not immediately turned up with some gusto

02 Oct 2018 11:31 am
about two take out 29.50 and need to pop right back up to have any chance at testing or breaking the high although should not get all the way back and turned down from under the high if turning weak

02 Oct 2018 11:34 am
held 29 so far so still can go to the 32.50-33.50 area where it should be sold unless broken through with good momentum and holds after a small pullbacks

02 Oct 2018 11:35 am
tops are not going to stick. Look for those to be sold. If a high not in than one more pop-up will be at resistance and sold but should have a high in place taking out 29 especially

02 Oct 2018 11:44 am
with the pullbacks continuing to hold 29.50 area, ES just popped up to 32.50 and 32.50-33.50 needs to be broken through and hold around 32 and turned up again to continue up towards 36.50-37.50 possibly. Although a longshot and would not hold

02 Oct 2018 11:48 am
took out 32.50-33.50 although may not hold very long, at the moment needs to have a pullback hold at or above 33-32.50 area

02 Oct 2018 11:50 am
topping at 34.50 at the moment and needs to hold and bounce from 32.50-32 at worst or else might be a high in place for a while

02 Oct 2018 11:59 am
backing away from 36.25 and just under 36.50-37.50 zone so could be a high especially by going under 33-32 and holding again. Although should be a bounce if reached as that's new uptrend support

02 Oct 2018 12:04 pm
36.50-37.50 should be a major area to get over to day if this is going to try for a new all-time high today or tomorrow. Should not have an easy time breaking and holding that zone

02 Oct 2018 12:05 pm
a short for a scalp trade at or below that zone to the 34.25 area or more

02 Oct 2018 12:08 pm
has to take out 33.50 area in order to begin breaking uptrend, although appears a high could be in already at 36 and just under 36.50-37.50 which should be a major area for today. Needs to be broken/held and not rejected or at/just a bit below

02 Oct 2018 12:15 pm
33.50-32.50 is as far as this should go if it's going to avoid a bigger pullback to or through 31.50 area at a minimum and possibly take out 29.50 – a potential breakdown area

02 Oct 2018 12:18 pm
the VIX reversed up from going down to 11.62, a red flag and always a bigger red flag if 11.57-11.55 last two important lows on the VIX (little tops on the ES) gets broken and then turns up. Not likely the way it is looking

02 Oct 2018 12:22 pm
32.50 has been reached and this is as far as a pullback should go if there is going to be a test of the high or an attempt to

02 Oct 2018 12:24 pm
I will be away until around 1:20 but will update ASAP if free. Just FYI that starting tomorrow it will be a crazy month or so. More later

02 Oct 2018 12:40 pm
with 32.50 prior resistance holding as new support and almost to the 36 high there needs to be a move to the 36.50-37.50 area to take out the high even if it gets sold to keep bigger picture trend from a break even though pullback can occur

02 Oct 2018 12:43 pm
a pullback will need to be >3.50 points for things to change, although topping pattern or resistance could be the start of things changing

02 Oct 2018 12:48 pm
with this being a double top just under resistance it's probably going to be THE top for the afternoon or at least for a while, and drop >3.50 points taking out 31.75 or more on the way down before another bounce the to fail

02 Oct 2018 12:51 pm
would need to go back over 33.50 without being rejected or else tops should be in place across the board

02 Oct 2018 12:53 pm
be short something at or above 32.50 if reached and not much further as a move back over 33.50 that sticks could give it one more try at the high instead of a bigger drop from here down through 29.50

02 Oct 2018 12:54 pm
I will be back around 1:30 or thereabouts unless needed as I have a few things I must get done. Everything started happening shortly after trying to start my break

02 Oct 2018 12:59 pm
forgot to mention that with all of the averages reversing either at a double top or topping pattern, and all bounces should fail now and decent pullback likely unless the tops are taken out. Should be a failed bounce attempt from 31 and hold under 33

02 Oct 2018 01:37 pm
tiny bounces are failing but getting bid right back up and at the moment will need to continue holding 33 or else it could be sold again on a pop-up over 34.50

02 Oct 2018 01:46 pm
almost back to make a triple top, but a lower high this time could mean a bigger pullback and especially if the Dow happens to roll over from well above its earlier high

02 Oct 2018 01:53 pm
backing away from a lower high but needs to keep going through 34 area and holds under 34.52 put any kind of pressure on and go to or through 33 area. The update in about 10-15 minutes

02 Oct 2018 01:58 pm
both the NQ and ES starting to roll over but the Dow is barely off of its high at the moment and does have a tiny double top in place at the moment, should be another decent pullback come down to or through 33-32 at least

02 Oct 2018 01:59 pm
and could keep coming down to the 31 area for a little above that prior swing low before bouncing at least a little bit. Holding under 34.50 needed to keep pressure on at the moment

02 Oct 2018 02:12 pm
with the Dow hanging around new all-time high territory and up 168 points that ES is only up 4.75 points but as long as the Dow does not go back under 26,804-26,800 area, the ES could pullback but probably not breakdown. Need to have the Dow make a m

02 Oct 2018 02:17 pm
looks like the ES will need to hold at or above 34-33 area otherwise it may be going too far to go back up to those highs a fourth time, unless the Dow really has another good push higher from its all-time high

02 Oct 2018 02:18 pm
could be some rejection but right now stays bullish holding 34-33

02 Oct 2018 02:25 pm
the VIX made double bottom reversal from 11.61 at 12:10 and 12:45 price reversals, it's reversing from 11.61 at the moment, and if 34-33 is not broken, then a chance for one more pop-up while the VIX goes towards 12.57-12.55 prior extremes where reve

02 Oct 2018 02:29 pm
even with buyers backing away 4 times from the 36 area, this still can get to 36.50-37.50 or a little bit more as long as 34-33 holds and turns up on a dip. Otherwise could be breaking down instead

02 Oct 2018 02:32 pm
5 times that the ES has backed away from the 36 area and now unless broken through and held it's going to be a top to short under

02 Oct 2018 02:34 pm
it is looking like the Dow has flattened out and has a chance to roll over, but still needs to come down through 26,803-26,800 area without popping right back up. Same with 33.50-32.50 on the ES to get a breakdown attempt

02 Oct 2018 02:38 pm
getting some breakdown now and should keep coming towards 31 or more

02 Oct 2018 02:41 pm
the Dow could be about two make a breakdown attempt with it coming down to 26,803 so far but needs to k keep going and not bounce back or its still in a range, yet the ES still a short on bounce attempts under 36

02 Oct 2018 02:49 pm
this bounce should fail at or below the 33-33.50 area if it's going to stay week and break down through 31 on this move

02 Oct 2018 02:52 pm
door opens for a bigger pullback potential if the 31 area is broken through and not immediately turned up. Could hit an air pocket and quick drop to or through 29.50-28.50 area or more he for a reversal back up

02 Oct 2018 02:59 pm
should still see bounces sold in pressure on holding under 33 area now

02 Oct 2018 03:06 pm
easily went through 29.50-28.50 down to 27.25 and bouncing some at 3:05 PM. A bounce needs to take out 31-31.6 or just a bounce with lower prices coming

02 Oct 2018 03:10 pm
24 is where the ES made a bottom and shot up at 10:45 AM and should be headed that way. That area is not held then keeps on selling off. The Dow cash sold off to its low made at 12:55 when the ES reversed from 31. It would need to take out 26,753 are

02 Oct 2018 03:12 pm
if still short from above, and you can hold overnight, might be a good idea to stay on the short side as this is not looking over with yet by quite a bit

02 Oct 2018 03:14 pm
if this gets to the 24 area and keep going, then heading through 23-22 on the way towards 18-16 area

02 Oct 2018 03:16 pm
also we had the VIX reverse from 11.62-11.61 on 4 different times in the last one reversed at 12:25, coinciding with the fourth time at 36 and has run-up to 12.16 at the moment, still very low raw number

02 Oct 2018 03:19 pm
market is acting extremely bearish, and yet again today the breath is about 600 net declining issues, while again amazingly more up volume than down volume. Longer-term indicators looking terrible – bear market action. Bounces should still fail tod

02 Oct 2018 03:20 pm
24 target finally reached, 22.50 area is next if this holds under 26-26.50 at the moment, that's the strong downtrend resistance

02 Oct 2018 03:30 pm
in the last 30+ minutes the ES needs to get back above 27-28 area and be able to hold or keep on moving up, slight possibility doing the opposite of the last couple of days. One more push lower still possible. 24-22.50 area key support end of the day

02 Oct 2018 03:31 pm
26.50-26 should not be broken now to avoid a poor close. Have a great rest of the day. Be sure tonight's update, some important info for this week and it tonight

 

INTRADAY LOG FOR MONDAY - OCTOBER 1, 2018

01 Oct 2018 09:14 am
good morning. will be with you right before the market opens at resistance

01 Oct 2018 09:28 am
should be some early pullback and then another bounce of some sort

01 Oct 2018 09:31 am
a break under 33.50-32.50 that sticks is needed to get the market to turn down soon that's going to happen

01 Oct 2018 09:33 am
quick bounce from 32.50 level that needs taken out and then held below and is still strong unless broken

01 Oct 2018 09:38 am
a change in trader psychology over the weekend for sure but if 36 is not broken above and held soon it could end up looking like a little double top daily

01 Oct 2018 09:39 am
this pullback needs to hold over 34-33.50 at worst it looks for a chance at the high

01 Oct 2018 09:40 am
otherwise to the 33-32.50 Which was a major resistance area

01 Oct 2018 09:46 am
37.50-38.50 is the last zone I listed, if broken through then 43 area than 46-47 major all-time high area

01 Oct 2018 09:54 am
stalling at resistance and taking out 37 and holding under 38.50 could mean a high, just that we have some Econ data top of the hour and if 38.50 is broken and held over 37.50 then on up to the 42-43 area instead of a break lower

01 Oct 2018 10:01 am
Econ data coming out, needs to take out 37 area and not turn right back up

01 Oct 2018 10:07 am
this can keep grinding higher to or through the 42 area as long as a hold over 39 now

01 Oct 2018 10:10 am
could be an important reversal if 37 area is broken back below this morning although holding 38.50 keeps it strong and possible move towards 42-43 and then the 46.50 all-time high

01 Oct 2018 10:15 am
the VIX reversed up from 10.58 and a red flag

01 Oct 2018 10:19 am
it plunged from 12.64 at 3:45 PM on Friday and dropped 1.06 points down to 12.58 at 10:05 this morning and turned up, but already popped and coming down a bit. if it goes under 10.55 and turns up than that is bigger red flag. Or ES popping up to 42 a

01 Oct 2018 10:22 am
or needs to go back under the 38.50--37.50 zone and hold under 38.50-39 after that to reverse current uptrend.

01 Oct 2018 10:28 am
getting top-heavy at 41 and unless broken soon should come down under 38.50 and if that's taken out and holds under 39.50 at most than pressure on the downside to or through 37-36

01 Oct 2018 10:32 am
we have had a "gap up and go" kind of move and the 38.25 pullback low at prior resistance is now the key new support to hold this morning in order to avoid a reversal from up here, or else keep going to/through 42 and then minor 44 and then the 46-47

01 Oct 2018 10:32 am
and then minor 44 and then the 46-47 all-time high area but should have a hard time doing that today

01 Oct 2018 10:34 am
42 reached and reversing and needs to hold 39.50 area or else than 38.50-37.50 area a major/pivotal area for today and likely early high in place if broken and not turn right up with gusto

01 Oct 2018 10:36 am
bounces should fail with a top in place now even if a bounce from 39.50 and not break 38.50-37.50 like it should

01 Oct 2018 10:37 am
and will eventually

01 Oct 2018 10:39 am
top at the 42 resistance that was not listed but updated this morning and 42 and then a 44 prior high before the 46.50 all-time high are the resistance areas that should be important but not broken through now. Should come down through 38.50-37.50 on

01 Oct 2018 10:44 am
37.50 needs taken out and hold under 40 in order to have a high in place for sure and not bounce back from the 38.50-37.50 prior resistance/new support again on a retest

01 Oct 2018 10:45 am
should be a high in place holding under 40 and especially taking out 37.50 and holding under 38.50-39 on a bounce attempt

01 Oct 2018 10:50 am
42 updated resistance is our high for the day so far needs to bounce from 37.50 with some gusto back above 40 and not turn right back down in order to make a potential test of the high area and reversed again. 37.50 important support now

01 Oct 2018 10:51 am
failing under 40 keeps pressure on and still a short under that area

01 Oct 2018 10:59 am
feeble bounce from 37.75 new support and must get over 40 soon, otherwise could break down further through 37.50 and open the door to go lower back under 36.25 area

01 Oct 2018 11:05 am
unable to get over 40 but still holding the 38.50-37.50 area on this pullback and unless broken and then held under 39 after that at most there still a shot at another move higher unless prior resistance/new support continues holding

01 Oct 2018 11:07 am
just found out I could be called away at any time this morning but would only be about 10-15 minutes at most so I would be gone very long. Just in case I disappear. Right here 40 needs taken out soon, or come down through 38.50-37.50

01 Oct 2018 11:09 am
at the moment this is bearish under 40

01 Oct 2018 11:11 am
just on to 38.50 at worst it looks or else holding that 38.50-37.50 area keeps this from a breakdown

01 Oct 2018 11:18 am
40 rejected which could take this down through 37.50 and hold under 39 on a bounce for a breakdown

01 Oct 2018 11:18 am
especially if the Dow rolls over more from its high that was just made 5 minutes ago

01 Oct 2018 11:22 am
pullback bouncing again from 38 but rejecting 40 and still needs to either take out 40 and stick over 39 area or take out 38 and stick under 39 area

01 Oct 2018 11:24 am
sell bounces under 40 down to the 38 area to cover or tighten stop as another drop down to 38 should not come back up to 40 again but finally breakdown a bit instead

01 Oct 2018 11:26 am
should be breaking down this time with 40 area rejected on another small bounce again

01 Oct 2018 11:28 am
37.50 held so far but should be taken out holding under 39-39.50 at the very highest now. 36.25 next target/minor support under 37.50 before further breakdown

01 Oct 2018 11:36 am
37 reached so far as needs to hold under 38.50-39 at the most in order to keep pressure on and keep billing down to slice through 36.25 next

01 Oct 2018 11:39 am
making a move back towards the 40 area off of 37 and should fail but if not and there's a bounce off of 39-38.50 after that then another push higher still possible instead of breakdown right away

01 Oct 2018 11:53 am
made it back to the 40 level again and needs to hold at or above 38.50 and turn back up if going up through that level instead of another failure there and possible breakdown of some sort

01 Oct 2018 11:55 am
should begin to break down harder that the NQ is doing the same right now

01 Oct 2018 12:00 pm
that 36.25 support was reached and turned up, and with 38.50-39 resistance to get over it's going to continue to be a short under 40 as all bounces should be failing and test or break 36 area before a bounce

01 Oct 2018 12:09 pm
we had a gap up and go until reaching the 42 resistance and being rejected and since then 40 has been a lid on bounce attempts and his long as that is held below the market is bearish. Should test or break 36 and then the 33.50-32.50 low prior resist

01 Oct 2018 12:10 pm
pressure will stay on at the moment holding under 38 and will need to get over that and stick to avoid 36 or more possibly to the 33.50-32.50 area

01 Oct 2018 12:12 pm
I am going to be away until around 1:10 or thereabouts but will update if necessary as soon as there is free time to do so. This is going to be a very busy week around here. At the moment pressure stays on under 38 area

01 Oct 2018 12:22 pm
getting our better breakdown now, and should be going down towards the 30 area if 32 is not held

01 Oct 2018 12:23 pm
if 32 does continue holding that a bounce back to the 35-36 area should be sold if it gets that far and stalls or shows some rejection

01 Oct 2018 12:55 pm
bounce from 31.25 needs to take out 33.50-34.50 and stick, or else 36.50-37.50 would be important to get back above, but holding under 34.50 keeps pressure on to the 30.25 level next and if broken 28-27 zone

01 Oct 2018 01:25 pm
the ES held that 31.25 and made it back above 33.50-34.50 and will need to hold 33.50-33 now to keep going over 34.50 to have door open for a chance to get to the 37-38 area where sideways action broke down from earlier

01 Oct 2018 01:25 pm
should have just put in a bounce high at 34.50 the though if still week

01 Oct 2018 01:32 pm
bounce high made and should come back down to 32.50 or more and if no reversal than back to the low or lower

01 Oct 2018 01:34 pm
moving too slowly so should hold on the pullback. Need to have a breakdown be quick, take out 33.50-32.50 area, and hold under 33.50 after that to go down again. Otherwise could test or make a slightly higher high over 34.50
01 Oct 2018 01:38 pm
has to be more than just a small pullback to 33.25 but instead go under 32.50 and then holds at/under 33.50 and turn back down to reverse. Should take out 34.50 and stick longer than a few seconds to get going to/through 36.50-37.50 area where breakd

01 Oct 2018 01:40 pm
breakdown of the sideways range that was created in the for the break from that zone at 12:20 – "last trapped" zone now

01 Oct 2018 01:45 pm
should make a high under that 36.50-37.50 area or else could make a run up towards the lower high made at 40.25, which was only held above for a few seconds this morning, the move from 42 immediately rejected leaving a reversal bar on 5 minutes chart

01 Oct 2018 01:49 pm
beginning to look top-heavy just under 36.50-37.50 zone that should not be taken out, and taking out 34 and not quickly reversing opens the door to go back to or through 32.50 and maybe a bigger move lower if broken with some momentum

01 Oct 2018 01:56 pm
should have a high in place and heading to take out the 31.25 prior swing low and probably lower going towards 28.50-27.50 or more not impossible

01 Oct 2018 01:57 pm
beware of a quick bounce attempt on a move back to the 32 area although should not go back over 35 area and holds up there if it does

01 Oct 2018 02:04 pm
almost to the 28.50-27.50 zone where a bounce could occur around that area but should not go back above 31.50-32 area and be able to stick now

01 Oct 2018 02:05 pm
I know I'm going to be called away at some point this afternoon now. Sometime in the next hour. Just in case I disappear for 15 minutes or so. At the moment this bounce should be another good opportunity for a short or entry if not already holding sh

01 Oct 2018 02:12 pm
32.50 was rejected but holding at 31.25 at the moment and unless 32.50 is taken out soon then a retest or higher low above the 29.75 level could occur. It's either a token higher high around 30.25-30 or else go right through to 28.50-27.50 zone,

01 Oct 2018 02:12 pm
a higher low most likely

01 Oct 2018 02:16 pm
first higher low giving a bounce attempt but needs to go over 32.50 -33.25 and stick now or else be rejected or sold for another pullback should take out these lows

01 Oct 2018 02:19 pm
still under pressure holding under 32.50-33.50 and would come down to make a lower low most likely if another from under 32.50. Turning into important and could be pivotal resistance zone

01 Oct 2018 02:23 pm
a decent bid coming at 31 to hold this up for now, still needs a push over 32.50 that can hold or is still vulnerable for another pullback to or through the low

01 Oct 2018 02:30 pm
33 reached and would need to come back down below 32 and especially 31 in order to be in a breakdown attempt move again. Will need to hold under 33-33.50 if going lower from here it looks

01 Oct 2018 02:33 pm
if this goes by the way the Dow is going then it might be able to hold its low at 29.75, but if like the NQ then it will keep on going and 28.50-27.50 should be reached and maybe more

01 Oct 2018 02:33 pm
whatever the case the pressure should stay on to test or break 30 holding under 31.50 right now

01 Oct 2018 02:35 pm
and 33 needs broken if a bounce, at the Max, otherwise a low in this timeframe a possibility.

01 Oct 2018 02:48 pm
we should have a double bottom in place on the ES and should not take out the 29.50 level the rest of the day or else there could be a late day breakdown take out the 28.50-27.50 zone, instead of trying to get over 33 area and holding and going towar

01 Oct 2018 02:51 pm
possibly going up to 35 area if they late run-up but would need to stick above that to avoid the late day pullback. Backing off of 32.50, needs to hold 31 or can keep going towards 30 or more again

01 Oct 2018 03:03 pm
the Dow stayed about 120 points above its gap at Friday's high, the ES held its Friday high by 4 points, while the NQ filled its gap by ~2 points and turned up. It's only average making new all-time high today, yet weakest off the top which should be

01 Oct 2018 03:05 pm
yet weakest off the top which should be a negative tomorrow if there's carryover. At the moment we have double bottom turning up at 2:45 PM and should be a low in place for a better bounce, but if no stick over 33.50-32.50 then it could reversed bac

01 Oct 2018 03:11 pm
if there is going to be a late day run-up attempt, it needs to hold 32 and get going with some gusto taking out 32.50 and sticking. But that doesn't look like it can happen, so bounces should keep mailing and new lows still made until reaching 28.50-

01 Oct 2018 03:12 pm
so bounces should keep mailing and new lows still made until reaching 28.50-27.50 possible today

01 Oct 2018 03:12 pm
the bounce came a bit early, and should just set up bounces to keep failing at the end of today. It could end up being a reversal day similar to what we had last week

01 Oct 2018 03:15 pm
of course it needs to take out the double bottom area around 29.50 so a third time down there could go right through, unless a higher low turned up with some gusto to take out 33 now. Bounces should keep failing to new low otherwise. Keep an eye on t

01 Oct 2018 03:22 pm
should still be a move to the 28.50-27.50 area or more if this continues and 33 is not taken out in the last 40 minutes

01 Oct 2018 03:27 pm
bigger drop coming to the 25.50 low bowl at least

01 Oct 2018 03:37 pm
with the ES going through 25.50 and reaching 24 so far, must told 24-23 or else could continue its move down to or through the 20 level, and possibly as far as the 18-16 area if this downside keeps going into the close

01 Oct 2018 03:38 pm
have a great rest of the day. I will meet you here after updating you this evening. Take care

 

INTRADAY LOG FOR FRIDAY - SEPTEMBER 28, 2018

28 Sep 2018 09:27 am
good morning. We are going to have a gap down open and needs to rally from the open with some gusto

28 Sep 2018 09:30 am
need to hold 12 area

28 Sep 2018 09:35 am
needs to hold for a very long hold needs to hold 12 support and not break under that and

28 Sep 2018 09:37 am
17-18 will need to be broken through and held or else could end up coming down to or through 12 area but if it goes through 17-18 and holds that a low in place host likely

28 Sep 2018 09:42 am
17 was reached and backing away a bit from that new resistance and filling the gap it's going to need to hold 14 area at worst or else could go back towards the low end set of taking out 17-18 and holding

28 Sep 2018 09:48 am
holding under 17 after being touched and rejected keeping the pressure on and if going to have a bounce to take that out then needs to go up from 14 area and just reached 13.75 bouncing and that level needs held or could go back to or through 2902 lo

28 Sep 2018 09:55 am
trying to find a bottom but should be sold again under 17 before a decent bounce attempt

28 Sep 2018 09:58 am
need to hold 14 if there's going to be a chance of going up through 17-18

28 Sep 2018 09:59 am
Econ data and a minute

28 Sep 2018 10:08 am
18 reached and rejected and pullback need to turn up at 15 or else could be a bigger drop back towards the double bottom at the 2912 support

28 Sep 2018 10:23 am
double bottom at 12 support and a top at 18 prior support/new resistance and need to go over 17-18 on this move and stick soon

28 Sep 2018 10:24 am
18 reached and now a double top possible with that rejection especially a break and hold back below 16 area

28 Sep 2018 10:25 am
double bottom and double top and a 6 point range so far and if 15 can hold then buyers still in control

28 Sep 2018 10:28 am
pullbacks should stay strong for now as long as 16-15.50 is not broken

28 Sep 2018 10:29 am
although should fail a bit higher up and would need to take out the 20.25 level which is yesterday's top of the closing range and its close at 20 which could be a target

28 Sep 2018 10:31 am
19-20.25 closing range yesterday and needs to take out 20.25 and hold around 19 area or else roll over from this area

28 Sep 2018 10:35 am
should be a high and and come back to 18-17 area or more and 17 area needs held or else keep going to or through 15 would be bearish and bounces were likely be sold

28 Sep 2018 10:38 am
19-20.25 resistance that should be rejected and take out 18-17 in order to reverse the trend or else breaking through that zone and holding should keep going to or through 22.25-23.25 area

28 Sep 2018 10:41 am
almost to the 22.25-23.25 area and also 50% retracement from yesterday's high to this morning's low and should be hard to get through and hold

28 Sep 2018 10:45 am
if one more pop-up then the 22.25 bottom of 22.25-23.25 area is also 50% retracement from yesterday's high to this morning's low and should be harder to break and hold or 24-24.50 minor area next before 27-28

28 Sep 2018 10:52 am
tiny pullback from 22.25 quickly turned up and needs to keep holding above 20.50 now to keep uptrend from breaking and a possible high for a bit, but should be on its way to or through 24-24.50 and then 27-28 if broken through

28 Sep 2018 11:01 am
to keep a good strong move going needs to keep holding the 22.50 area and take out 24-24.50 area next

28 Sep 2018 11:06 am
so far a bit like yesterday with a pullback holding 18 after taking out 17-18 resistance and so far holding 22.25 after taking out 22.25-23.25, however updated resistance at 24 was rejected and now coming down under 22 needed for a chance of a decent

28 Sep 2018 11:24 am
backed away from 25 to 23.25-22.25 new key uptrend support and turned up again and should keep doing this into early afternoon if going to get something similar to yesterday. Still can be going for the 27-28 area

28 Sep 2018 11:33 am
pullback to the 23.25 prior resistance and if 22.25 is broken then current uptrend is breaking and a reversal occurring. Another pop-up should be sold anyhow

28 Sep 2018 11:39 am
with this coming down to the 22 support and quickly turning up it keeps the market out of trouble but a lower high on this move that is reversed and takes out 22 should mean a top in place and bounces should continue to fail after that instead of bei

28 Sep 2018 11:50 am
should go back to ~20.25, and if broken then to the 18.75 level is the middle of today's range and just over the 18-17 zone and 18.25 held after it was broken above

28 Sep 2018 11:54 am
needs to hold 22 and take out 23.50 but if that is not taken out then odds are better of going to around the 20 area and if broken then also 18-17 next if downside rollover gets momentum instead of a reversal

28 Sep 2018 12:06 pm
bounces should continue failing now. update and about 10 minutes

28 Sep 2018 12:15 pm
after holding 21.25 is holding and getting a pop-up but still under pressure unless 23 is broken and held

28 Sep 2018 12:20 pm
at the moment there is what looks like a failed bounce attempt at 23 area and a break down to 20.50 area needs held to avoid better pullback or breakdown

28 Sep 2018 12:23 pm
should be sold at or around 23 if another bounce happens if the market is going to stay vulnerable and a week off of the hi and 23 bounce high, but also has bottom of the range at 21.25 to go through down to around 20 and if no sign of stopping then

28 Sep 2018 12:24 pm
I will be back around 1:20 but will update if if necessary as said as possible although may be caught up for a while in case of no update for a bit.

28 Sep 2018 12:27 pm
you might want to keep your eye on the Dow cash and it's sideways range since 11:15 high at 26,503 to the 26,479 low at 11:55. A break under 26,479 should help push the ES even lower

28 Sep 2018 12:34 pm
the NQ should stay under pressure holding under 7660 area on a bounce and 7665.50-7667.50 area would need taken out and able to hold. If that resistance is taken out, then it could be tested high at 2677 or a tiny bit lower if topping out up there. O

28 Sep 2018 12:56 pm
, real quick here or I won't get any kind of break at all, but the sideways action that lasted more than 90 minutes finally broke lower but bouncing right back up again and should not get back over 20.75-21.50 area where the breakdown started and la

28 Sep 2018 01:37 pm
with the ES easily taking out the 20.75-21.50 area and holding the ES has made it back to the 23.50 level so far and has a chance to join the Dow at a higher high if a pullback can hold at four above 21.50 area at worst at the moment

28 Sep 2018 01:44 pm
the ES is stalling out a bit and will need to go over 23.75 area soon and then hold at four above 22.50 after that if it's going to test or break 25.50 high and go to 27-28 and set of rolling over from stalling out

28 Sep 2018 01:50 pm
beginning to roll over and could keep coming down through 21.50 and if so could get some momentum

28 Sep 2018 01:51 pm
back in about five minutes or so, at the moment still a good uptrend if 21.50 holds

28 Sep 2018 01:54 pm
a pop-up to 24 didn't stick and now 21.50 must hold

28 Sep 2018 02:00 pm
24 should be a bounce high of some sort to sell against on the way to or through 20 area for more

28 Sep 2018 02:04 pm
those much under 20 without turning right back up then it should keep going to the 18.50-17.50 or lower

28 Sep 2018 02:10 pm
should be a bounce of some sort from 17.75 but not get back to or through 21.25-21.75 area and stick to stay in a downtrend and not make the bottoms around support still

28 Sep 2018 02:12 pm
would go to or through the prior swing low at 15.50 and possibly on down to or through the 13-12 low area where there was a double bottom with the lows made about 20 minutes minutes apart

28 Sep 2018 02:39 pm
so far holding under 21.25-21.75 but not breaking down yet and will need to break 19.50 and hold under 20-20.50 after that in order to get any more downside

28 Sep 2018 02:42 pm
at the moment it looks like this still is under pressure as long as this holds under the 21.25-21.75 area and not break above those and hold. Should be under some pressure unless taken out and held and a short under that area

28 Sep 2018 02:43 pm
back down to the 18-17 area if there is no quick reversal up from 19 just above

28 Sep 2018 02:46 pm
should still be just a bounce off of the 19.25 level and should test or break 18.50-17.50 area

28 Sep 2018 03:12 pm
having trouble with my charts at the end of the day, but in any case the 17.50 double bottom at support needs held here in the last hour, but probably won't if 19.50 is held under and the 15.50 pullback low this afternoon would be next and then the 1

28 Sep 2018 03:16 pm
we have had some poor closes lately in the last 45 minutes so a move under the 18-17 area that sticks under 18.50 at most should get this in further breakdown mode

28 Sep 2018 03:23 pm
probably will not get slammed at the end of the day today, and is looking like there's a chance for the opposite to occur. Just need the Dow to get going also.

28 Sep 2018 03:24 pm
this should fail and have a pullback from around 21.25-21.75 if there is still claim to be a pullback of some sort

28 Sep 2018 03:26 pm
pullback would need to hold at or above the 19 level or else could go back down to the 17's again before a bounce, or breakdown looking less likely but you never know for certain

28 Sep 2018 03:31 pm
have a great weekend! Update on Sunday and then I will catch you here on Monday morning. The 21.25-21.75 zone a bounce high so should be sold on bounces unless broken/held at the end of the day which is not likely. 15 area again is possible however.

 

INTRADAY LOG FOR THURSDAY - AUGUST 23, 2018

23 Aug 2018 09:02 am
Good morning. The market is going to be sold down to 57.50-56.50 area if 60.50 doesn't hold or turns down from 63-63.50 area or lower

23 Aug 2018 09:05 am
we have a couple of tops in place at yesterdays high area and 73-74 all-time high area, should not go over 68.50 or else then breaking double top possible but not likely

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23 Aug 2018 11:47 am
reversal from a quick poke over 69 that came right back down and the market as then under pressure since then and stays that way unless the ES gets over 59-60 and not turned down right away

23 Aug 2018 11:50 am
with this going sideways at the moment it needs to take out 56 and not get turned right back up for another push on the downside

23 Aug 2018 11:54 am
has to take out 59 and hold 58 after in order for a decent bounce instead of a instant failure

23 Aug 2018 11:58 am
still going to fail at or under 60 and if so would need to come back down through 57.50-57 to reversed back down to or through the lows

23 Aug 2018 12:01 pm
the VIX went all the way down to 11.65 and reversed right around the same time that the ES topped out – a third high should be in place and should not go back up above 68-69 again – but if it does it likely would not stick

23 Aug 2018 12:06 pm
going sideways at the moment and needs to hold 56.50 area on the downside or else take out 59-60 area on the upside and stick either way to break it and not be a fake out move and reversed

23 Aug 2018 12:08 pm
sold just under 59 again but quickly turned up and now unless 59-60 is taken out aanother pullback then be for a better bounce attempt

23 Aug 2018 12:11 pm
with 59 touched and rejected, needs to be be broken at a minimum and then held otherwise still bearish down to the lows possible. However if 57 holds and 59 is broken, another pullback needs to hold 57 to avoid with the breakdown

23 Aug 2018 12:28 pm
The ES is finally breaking out on the upside the ES the ES broke out over 5960.50 resistance and pausing and 59-68.50 and needs to to take out 61 and not top out up here

23 Aug 2018 12:32 pm
the ES should have trouble around 60 to if it is reached and instead of turning down from 61.25 as that is the middle of today's range with a high and low in place it appears. Better odds of a lower low than higher high

23 Aug 2018 12:35 pm
up in this area is where a pullback should come from, just above 61.25 close yesterday, and hold under 61.50 and order to have a decent pullback from this bounce

23 Aug 2018 12:37 pm
would need to also come back down under 59 area again and not get turned right back up need to take out 59 current uptrend support pretty soon but stays bearish under 61

23 Aug 2018 12:40 pm
could be a bounce high in place. I will be back at around 1:30 hopefully at the latest but a few things need to be done during my break. I will update ASAP if something changes, but polling back again and 59 area pivotal area up here

23 Aug 2018 12:51 pm
pop-up and rejection just set up a good short if you thought that and another pop-up from 59 needs to happen although it should also be sold at a lower high most likely

23 Aug 2018 12:53 pm
59 still pivotal area on this pullback and should be broken through and if so need to hold at or under 60.50

23 Aug 2018 01:01 pm
would need to take out 60 and hold otherwise will go through 57.50-56.50 support area again and maybe lower

23 Aug 2018 01:16 pm
quick note that we have further breakdown going through 56.50 would be a breakdown area if this is going down to test or break 55 and possibly 52.50-51.50, maybe more

23 Aug 2018 01:28 pm
with the ES holding the 56.50 bottom of support zone after going above it around 11:50, should be even more important with that level holding 3 times.however all of the bounces are failing so far and another one should do the same if a run-up occurs

23 Aug 2018 01:35 pm
with a pop-up reversing from just under 60 it keeps pressure on to test or break the lows holding under 60 and taking out 56.50 support for especially. But expect pop-ups to fail and prices go lower

23 Aug 2018 01:42 pm
another pop-up from 57-56.50 support, however this bounce should also be sold at or under 60.50

23 Aug 2018 01:44 pm
bounces have then sold since the first hour of trading and that should continue although pullbacks also should keep holding over 56.50, but looking like it will break if reached on yet another trip down there.

23 Aug 2018 01:47 pm
yet another yet another run-up stopping at 59-60 area and coming back down again for at least a good scalping opportunity but could turn out to be more if 56.50 is taken out pretty soon

23 Aug 2018 01:57 pm
pop-up have been failing at the 59 updated resistance and pivotal area and unless the broken should test or break 56.50 with that being either the fourth or fifth time down there

23 Aug 2018 02:02 pm
good buying came in on the touch of 57.50 and another run-up to the 59-60 area but should hold now at or over 57.50 and turned up if it's going to avoid breaking down and attempting to breaks out higher instead

23 Aug 2018 02:15 pm
this pop-up made it to 60.50 prior pivotal support and this isalso 60 EMA, so far held 59.50 and what going back under that should mean a high in place and going back towards 57 possible

23 Aug 2018 02:18 pm
should take out 59.50-59 area on a pullback in order to break current uptrend and breakout area. It does not reverse unless comes down from 61 through 59.50 area

23 Aug 2018 02:20 pm
top in place with the stalling out and now breaking 59.50 and will stay under pressure holding under 6 feet area now, but have buyers comment on a somewhat shallow to around the 58.58 area but more than that and it could be headed to the lows again

23 Aug 2018 02:25 pm
ES turned up from the 57.50 support with some gusto and holding 59 prior high/pivotal level has been holding but right now bounces should still fail and there could be a decent sized pullback yet

23 Aug 2018 02:33 pm
need to keep making higher highs and go above 60.50 area and not get turned right back down, otherwise holding under that level has this and a vulnerable position for a breakdown if 60.60 is not broken in the next minute or two

23 Aug 2018 02:37 pm
pullback underway after the stalling out and breaking 59 and then holding at or under 59.50-60 gets the downside going a bit more at least

23 Aug 2018 02:39 pm
has to go up now and take out the bounce high area around 60-60.50 area or else have one more push to the downside that could get bid back up again

23 Aug 2018 02:42 pm
60 was rejected and as long as it's under 60-60.50 then pressure is on the downside at the moment and likely hold around 58 area if reached and turned up from that area

23 Aug 2018 02:45 pm
with this holding on a small pullback to the 59 breakout and pivotal area, beginning to get a better run-up and the 62.25 area is the middle of today's range which already has its high and low in place by all appearances

23 Aug 2018 02:48 pm
61.50 rejected back down to the 60 level so far and now need to bounce from 60-59.50 otherwise another pop-up is going to be sold into also. Should be if it holds are not

23 Aug 2018 02:52 pm
bounce high in place and any other bounce would only set up a good short as long as 61.50 bounce high is not taken out, and especially able to stick if it does. Should fail about halfway up

23 Aug 2018 02:55 pm
update in about 10 minutes, but any kind of bounce attempt from this 58.50 low and should go down to at least 57.50 top of 57.50-56.50 major zone again

23 Aug 2018 03:06 pm
another bounce failing and they all should keep doing this should still be having a quick pullback from around a bounce high, and then bid back up after pullback over. One of these could see buyers back away or begin selling their long positions

23 Aug 2018 03:09 pm
that looks to be the case more so on the NQ, as it has been having some pop-ups that get sold right back down again but still refusing to break down under 7438-7435 also and grinding higher at the moment

23 Aug 2018 03:12 pm
the ES has had two-sided action this afternoon between 56.50 support and 61.75-61.50 double top, and should take out and try to hold that area to avoid potential reversal

23 Aug 2018 03:15 pm
token higher high was sold so far and should not go back under 60.50 area and stick otherwise heading back to the down side and not another higher high

23 Aug 2018 03:19 pm
pullback needs to hold and bounce with some gusto from 59 prior breakout/pivotal area up here otherwise bigger pullback will, late in the day and likely will anyhow

23 Aug 2018 03:23 pm
this is more than just say small pullback like the others most likely, it should keep pushing lower and test or break the 59.50 low area and if that is also broken then 57.50-56.50 is major at the end of the day

23 Aug 2018 03:28 pm
still having two-sided action this afternoon between the 57.50-56.50 support and 61.50-61.75 area, and odds favor a late day breakdown instead of something on the upside that would actually hold. Bounces should still be sold and eventually have a bre

23 Aug 2018 03:31 pm
I will update this evening, and then catch you here tomorrow morning before the 9 AM open for regular trading hours. Until then take care and expect a token higher high to be sold or rejected and on the downside must bounce otherwise buyers back away

23 Aug 2018 03:38 pm
end of day roll over underway and a break and hold back under 57.50-56.50 area would be a bad finish to the day. That is a key support where there must be a good bounce to avoid further breakdown, which looks more likely anyhow

 

INTRADAY LOG FOR WEDNESDAY - AUGUST 22, 2018

HOW OUR TRADING DAY WENT: on Tuesday we nailed the all-time high. CLICK HERE to see a video recap that Ian did last night.

22 Aug 2018 08:52 am
Good morning. it looks like any lower open will be bought. But , but ideally at the 52.50 area and then would have 57-58 to get above and hold. If unable to do that, could go to around 52.500 or higher

22 Aug 2018 09:04 am
yesterday there was a perfect double top on the S&P 500 cash and a reversal day, so should have a hard time getting back up there so unless 63.50 broken and held there should be pressure on. Taking out 57-58 and holding needed first

22 Aug 2018 09:05 am
I will meet you on line around 9:30 and then update here a little bit after it is over.

Tuesdays, Wednesdays, and Thursdays from 9:30am-11:30pm Eastern Time are our Live Audio/Visual Training 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 Mike's e-book. This is an included perk in a "real time" subscription.

22 Aug 2018 11:44 am
The ES made a double bottom around the 58 area and then broke and held 63-64 on the way to 68.50-69.25 and must break and hold over that zone to have a shot at yesterdays major high area

22 Aug 2018 11:47 am
the ES has been in a choppy but steady move higher went just a 2.25 point pullback after bottoming and turning up from 58, and should not go more than that on a pullback to have a shot at 73-74 area again, and instead of a top at this resistance, cou

22 Aug 2018 11:56 am
a test or break of 66 can turn this into more than just a scalp short and turn into a bigger move then we have been getting, so need to hold and bounce with gusto from that level or higher to another new high soon or bigger pullback underway towards

22 Aug 2018 12:00 pm
needs to make a higher high on this move at resistance or above to keep this move going and have another small pullback after again

22 Aug 2018 12:04 pm
bounce from 66 key support needs to make a higher high and still hold 66 or a little higher in order to keep uptrend intact and not more than just a ~2 point pullback

22 Aug 2018 12:06 pm
potential 123 top on a break under 67 not immediately turned up

22 Aug 2018 12:06 pm
I am shorting up here and stop above the high for now

22 Aug 2018 12:09 pm
the ES has a 123 top made just under resistance at 68.25-68.00 and unless broken and only a tiny pullback holds around 86.50 or higher good meeting continuing a grind higher, otherwise could be rolling over if 66 area broken

22 Aug 2018 12:10 pm
38.50-39.25 area needs cleared and only have a small pullback hold at or above 67.50 area after that, or is going to top out for a pullback of some sort up here

22 Aug 2018 12:14 pm
coming down through 64 without a strong rebound keeps this as a top and a bounce that follows should also fail. The ES and the Dow cash are finally in sync heading lower

22 Aug 2018 12:16 pm
noted it was a short with a stop under the high and 64.50-63.50 area a target and pivotal support as they break and hold under that area can start bigger pullback and transition back to the downside

22 Aug 2018 12:18 pm
I am going to be oh way until around 1:15 for a little after, but will update if necessary if not on a call or otherwise tied up. Bounces should keep failing at or under 68.50-69.25 resistance, and really should not see the high at again before going

22 Aug 2018 12:18 pm
I will update again around 1:15-1:20

22 Aug 2018 12:39 pm
a bit like at yesterdays highwith the ES making a 123 top and turning down and can get more mmomentum taking out 64.50-64 and not getting turned right back up and test or break 61.75 where good buying came in earlier

22 Aug 2018 01:08 pm
this is about to roll over again and test or break 63.25-62.75 area which would be a breakdown area further if not able to go back over 65-66 after that at the very highest. Under pressure under 66.50 right now

22 Aug 2018 01:19 pm
the Dow cash just made a double bottom, so far coinciding with a low 1 tick over the 61.75 support and is trying to get turned back up. Need a move back over 65-66 area otherwise topped out just under resistance. we get the the Fed minutes in just un

22 Aug 2018 01:28 pm
needs to keep going up through 65.50-66 area and then a hold 64.50 after in order to have a chance of going back up towards the highs and not another pullback from top of this range

22 Aug 2018 01:33 pm
need to stay above 64.50 otherwise could be another pullback to test or break 63 area instead of continuing up over 66-66.50 before a reversal of some sort

22 Aug 2018 01:42 pm
with 20 minutes before the Fed minutes get released, needs to get over 66 and not get turned right back down to avoid a top of some sort by taking out 64.50 and holding under 65-65.50 area on a bounce after that

22 Aug 2018 01:48 pm
going with the Dow cash which has been weak all day and the ES should stay bearish holding under 65.25 area now

22 Aug 2018 01:50 pm
the Dow cash has been happening a trend down day and the only average that's down so far and overbought extremes on indicators still coincide with the all-time highs yesterday and this should be a bounce that is failing around 75% retracement

22 Aug 2018 01:52 pm
new lows on the Dow cash, the ES should follow holding under 65-66 area on any bounce attempt – that breaking and holding over unless headed to work through 68.58-69.25 area and then coming down the again. Fed minutes and about 7 minutes

22 Aug 2018 01:56 pm
after the Fed minutes are released the Dow cash will need to go over 25,788 area in order to break its downtrend, and it should keep at/under the ES under 68.50-69.75 which is just above the 68.25 high of the day

22 Aug 2018 02:02 pm
can get one more bounce as long as 65.50-65 is not broken

22 Aug 2018 02:03 pm
should be going for 39 area or a bit more

22 Aug 2018 02:04 pm
68.50-69.25 area, and would need to hold and bounce from around the 66-65 area at worst

22 Aug 2018 02:10 pm
run-up stopped at 68 and making a double top at this goes back under 65 and not get turned right back up. Good keep going down under 63.50 and have a bigger breakdown underway that may last a while this time with all bounces failing

22 Aug 2018 02:11 pm
we have a major top and yesterday and today a double top under the high that should be important bounce resistance now, and keeps this in a bigger picture topping pattern with a lot more to go on the downside if correct on this so stay with shorts

22 Aug 2018 02:14 pm
we had the VIX go all the way down to 12.03 so far today, and another move under 12 that gets turned up should be another top for the market. This is what happened before the last decent drop happened several weeks ago

22 Aug 2018 02:16 pm
for the rest of today, a move over 12.21 would likely mean that the ES has taken out 63 and on its way to test or break 58-57 area again, or around the 60.50 area at a minimum if they break down and the VIX reverses that much. Stay way shorts bounces

22 Aug 2018 02:20 pm
further breakdown with no sign of a turn until now with a brace under the bottom of the afternoon range and should keep going with the Dow cash lower. A bounce could go just a little bit and not take out 65.50 area

22 Aug 2018 02:23 pm
62.25 pullback low so far is right in the middle of today's day session range and going through that should keep going down through 60.50 area– 58-57 area if broken and not reversed

22 Aug 2018 02:26 pm
58-57 will need to hold otherwise a chance it could keep going as far as the 52.50-51.50 area

22 Aug 2018 02:30 pm
a quick upturned from the 60.50 updated support and will need to hold 60.50-60.00 the remainder of the day in order to avoid and of day trouble for the market. First herbal to get back over and hold is around 63.50-64.50, or else it's just a bounce

22 Aug 2018 02:36 pm
so far just a small pullback from 63.25 holding at 62 so far and has to take out 63.50-64 without getting turned right back down or else one more leg down can happen easily

22 Aug 2018 02:41 pm
topped out and turning down from 63.50 bounce resistance and should be going back down to test or break 60.50-60 area and if unable to hold and double bottom then on down to order through 58-57 and set of a bounce back of some sort

22 Aug 2018 02:43 pm
pressure is going to stay on unless the ES can pop back over 63.50-64 area without turning right down another time – heading to or through 60.50 or more

22 Aug 2018 02:45 pm
at the moment there's a chance for a run-up if 62.50 area is not broken down through soon

22 Aug 2018 02:50 pm
can still go down to or through 60.50 holding under 63 at the highest and could even take out 58-57 if Broken down with gusto– not used as a launching pad to the upside

22 Aug 2018 02:52 pm
which would need a move over 63.50-64 and then hold 63 area after that in order to attempt a turnaround on the upside and set up what could be a decent sized breakdown instead

22 Aug 2018 02:54 pm
appears the ES wants to hold 61-60.50 area and take out 63.50 and if so will need to get going higher with some energy otherwise could break under this support area

22 Aug 2018 03:08 pm
only a feeble bounce so far and rolling over a bit and will need to hold around 62.50 at worst or else go back down to corkscrew 61.50-60.50 major area to hold the rest of the afternoon

22 Aug 2018 03:20 pm
although the ES has been holding around the 63 area on pullbacks, that could be taken out and if so had back to test or break 61 area or more. Must take out 65 and hold 63 or roll over possible

22 Aug 2018 03:24 pm
at the end of the day the ES can avoid a breakdown and keep its uptrend intact as long as it does not go back under 63.50-63 area at the very most or it will have been reversed. It has a shot at the 66 area and possibly back up to 68 or higher if thi

22 Aug 2018 03:25 pm
possibly back up to the 68 area if this upside action continues.

22 Aug 2018 03:26 pm
have a great rest of the. I'll update this evening and then in the morning pretty open. Until then take care!

22 Aug 2018 03:27 pm
late day drop certainly not out of the cards if they break under 63 by much without immediate turned up. Take care

 

INTRADAY LOG FOR TUESDAY - AUGUST 21, 2018

21 Aug 2018 08:59 am
good morning. The ES is going to open higher instead of lower like I thought under current market conditions and either at or possibly above 63-64, which needs taken out and held around 62 or at least come down to 60.75 and fill that gap at yesterday

21 Aug 2018 09:03 am
if the VIX drops below 12.20 and turns up it would be a red flag though. Needs to go over 12.50 and stay to have pressure on

21 Aug 2018 09:05 am
look for a drop has long as holding under 63-64 down to 60 area or more early

21 Aug 2018 09:07 am
I will meet yo online around 9:30. Look for first decent pullback to be bought if 57 holds

Tuesdays, Wednesdays, and Thursdays from 9:30am-11:30pm Eastern Time are our Live Audio/Visual Training 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 Mike's e-book. This is an included perk in a "real time" subscription.

21 Aug 2018 11:52 am
making a tiny double top and reversing at 69.75 and then going sideways but being sold on the pop-ups and finally dropped to the 64-63 prior resistance/breakout area and just made another double top

21 Aug 2018 11:54 am
and will need to break down under 68.50-68 without turning right back up if it's going to break down instead of trying for the 72-74 area and around 2872.87 on the S&P 500 cash

21 Aug 2018 12:00 pm
a good uptrend and momentum as long as holding above 68.50-68 area which is pivotal area up here and if held there is a chance of getting to 72-74 area on the ES, a target holding over 69.50-68.50

21 Aug 2018 12:06 pm
backing away from the 72 area and needs to have just say small pullback and go through 74 area in order to get a new high on the S&P 500 cash index

21 Aug 2018 12:17 pm
the S&P 500 cash has so far stopped about 1.60 points under its all-time intraday high at 2872.87 so far, while stalling at the 72-73.50 area. It's in a strong uptrend, so right now should be in a very strong uptrend holding 71 area and should pullba

21 Aug 2018 12:17 pm
Going over 72-73.50 could cause either grind up higher, or buyers back away and the market comes down under 71 and goes to test or break 68.50-68 area at least

21 Aug 2018 12:25 pm
I will be away until around 1:15 or thereabouts, but update you if necessary and I am not caught on a phone call.was the ES coming down to 70.50, would need to have follow-through and another push lower just to get to the 68.50-68 support

21 Aug 2018 12:47 pm
the ES will need to avoid a reversal back down from 73.25 or else a bigger picture double top could possibly be in place. Has to take out 2874 area up here and then hold and turn up after a pullback of 2 points or less to keep this going in a steady

21 Aug 2018 12:47 pm
the ES will need to avoid a reversal back down from 73.25 or else a bigger picture double top could possibly be in place. Has to take out 2874 area up here and then hold and turn up after a pullback of 2 points or less to keep this going in a steady

21 Aug 2018 01:06 pm
the ES could be making a top at the 74 resistance and will be the case if the ES goes back under 72 and not boounce back with gusto and make a higher high

21 Aug 2018 01:11 pm
this could go as far as 68.50-68 area but no further otherwise a bigger breakdown would be underway. This market is now a good short under 74 resistance

21 Aug 2018 01:15 pm
3.25 point pullback is the biggest of the day not counting the move from the early high dropping to the 64-63 new support and breakout zone. Bounces should have trouble holding and should stay under 74 now

21 Aug 2018 01:32 pm
still bigger uptrend but not impressive bounce back towards the high and should be sold under 74 on the ES on this bounce attempt and then if another move down goes through 71-70.50 a top would likely be in place then. But right now looking for a pot

21 Aug 2018 01:45 pm
double top of sorts at the moment on both the ES and the Dow cash and should be another pullback of a couple of points from this high before another bounce attempt

21 Aug 2018 01:46 pm
the NQ also is rolling over from a much lower high on its rebound from the last pullback and it could break down taking out 7436 and not getting turned right back up over 7442 and stick

21 Aug 2018 01:49 pm
the NQ should not go back over 7444-7445 and the strong enough to hold, unless all of the averages are going back up to test or break their highs, that's 7452.25 on the NQ

21 Aug 2018 01:55 pm
with the market having a high percentage of making turns within 1-2 days maximum after reaching across-the-board extremes on internal gauges, a turn should be starting or will start tomorrow at the latest. Careful on the long side up here, as the 74

21 Aug 2018 02:03 pm
the VXX should begin to jump up also if the VIX begins to jump from its 12.12 afternoon low which should not be seen again today at least. buying it at 29 or better should pay off like last time although maybe not as much so fast

21 Aug 2018 02:03 pm
top should be in place on the averages also across-the-board and an afternoon pullback underway

21 Aug 2018 02:06 pm
could be a bounce attempt again from this area but if so should not stick

21 Aug 2018 02:10 pm
the ES went to just over 70, and needs to take out 68.50-68 area and then hold under 71 -72 area at most and turn down again.. Past two take out 71.50 and stick to get into neutral up in this area

21 Aug 2018 02:19 pm
ES is going to need to hold 70.50-70 or else go right down to 68 area where must reversed back up above 71 and stick if it does breakdown that far. Unless 72-72.50 broken/held then can come back down to or through that 70.50-70 area

21 Aug 2018 02:30 pm
the ES has been going sideways just under 72 and unless 72 is broken this remains vulnerable to test or break 68 area

21 Aug 2018 02:36 pm
so far 68.75 was reached and it's the 68.50-68 zone that should be broken through in order to get a bigger pullback going as long as a bounce that follows holds at or under 71 area at most now

21 Aug 2018 02:45 pm
a double top on the Dow cash, a 123 type top on the ES at 74.00-73.50, and a weaker NQ at the highs. This is timeframe for a rebound, and must go back over 70.50-71 area and then hold after a small pullback and turn up again, or still can go through

21 Aug 2018 02:50 pm
or still can go through 68 area and if that happens then bigger breakdown underway holding under 71 on a bounce or just holding under that level

21 Aug 2018 02:52 pm
if this keeps going down through 66.50 area then the door will stay open to continue this drop down to sort through 64-63 which should be major support the rest of today and into tomorrow. Overbought top should be in place

21 Aug 2018 03:00 pm
so far the ES has held just over the 66.50 updated support however unless 68.50 is broken above and able to hold then the door is still open for a move to or through 64-63 before the end of the day

21 Aug 2018 03:10 pm
ES needs to continue holding 68 area and get over 70.50 without turning right back down or else could go back to test or break the low area – although the 3 PM reversal could be meaningful

21 Aug 2018 03:15 pm
I need to cut out a few minutes early today however with the topping patterns made at the highs today and right at a token new all-time high, along with having overbought extremes, either we have a top in today or tomorrow afternoon at the latest whe

21 Aug 2018 03:15 pm
this will be a short to hang onto for a while if you happen to get short at higher prices especially. Should not see 73-74 again tomorrow

21 Aug 2018 03:18 pm
to avoid end of day pullback and try to bounce back instead then would need to take out 68.50 and hold 68 at lowest while heading up through 70.50 and sticking up there. Have a great rest of your day

 

INTRADAY LOG FOR MONDAY - AUGUST 20, 2018

20 Aug 2018 09:23 am
Good morning. Higher open should be sold around 57-58 if it's going to. if 58 is broken before the open it will need to hold 57 or else keep coming back to 55 or more. Taking out 55 and not bouncing

20 Aug 2018 09:24 am
area and not bouncing back over 57 either goes to 52 and turns up again with gusto or else could be a pullback

20 Aug 2018 09:27 am
in any case 57-58 key area and already sold early and so needs to come down and take up 55 area and stick. I'll update the low bet after things have open and topping or in a trend

20 Aug 2018 09:35 am
55 held on the pullback from 57 resistance and if 55 is broken then a bounce that follows should be a short. A move over 58 will need to hold 57 area if it's going for the major 63-64 zone

20 Aug 2018 09:39 am
58.50 high so far and needs to hold 56.50 or else another bounce after should be sold and better pullback taking out 55 underway and not taking out 58.50 and attemptingg major area 63-64

20 Aug 2018 09:41 am
56.75 current uptrend support that needs to hold or else another bounce after should also be sold into and a top could be in place instead of attempting 63-64. Should be good short up here with a tight stop over the high

20 Aug 2018 09:42 am
especially taking out 56.75 and not running right back up

20 Aug 2018 09:46 am
top should be in and should come down through 55 and go for the 53.50 area or more before bounce attempt

20 Aug 2018 09:50 am
sold at 58.50 and came down to 55.50 and still need to take out 55 in order to have a high in place for a while, if reached and not quickly reversed. If there is a higher high then need to hold 57

20 Aug 2018 09:50 am
should be heading to work through 55 now

20 Aug 2018 09:58 am
only over 58 top of resistance amillisecond before coming down and then a failed bounce at 57.50 resistance and unless 57-58 broken and held market stays under pressure. Still should come down to or through 53.50 and if broken by much that 52 less

20 Aug 2018 10:02 am
should be important low area with the bounce off of 53.50, must not break that or else a bigger breakdown could be underway. should try for test or break of 57-58 or just below that area

20 Aug 2018 10:06 am
back to resistance and 56.50 area needs held and quickly turned up at worst if going to have any chance of getting through this selling area

20 Aug 2018 10:11 am
with 56.50 broken double top at resistance should be intact and had to work through 54.50-53.50 area or lower

20 Aug 2018 10:15 am
double top at resistance back to the low and should keep going to 52.25 area next which must hold otherwise could keep going under 50 and a hold under that area could be a bigger picture move in gear

20 Aug 2018 10:19 am
52.50 low so far and needs to keep going up above 55.25-56 at least and then only have a small pullback hold and turned up

20 Aug 2018 10:24 am
to avoid what could be a bigger breakdown the ES needs to hold 52.50-52 area and the Dow cash hold 25,750 – and to have a chance at the highs need to keep going over 55.50-56 that most and not get turned right back down

20 Aug 2018 10:32 am
bounce high at 56 and a test of the low needs quickly turned up otherwise figure breakdown if 50 is taken out and holds under 51.50 and back down AEN

20 Aug 2018 10:37 am
another pullback from 56 needs to hold at another higher low above 53.50, or else could be rolling over holding under 55.50 on any bounce attempt

20 Aug 2018 10:40 am
looks like 54 needs held or else can take out the low and keep going to or through 51.25 bottom of Friday's closing range

20 Aug 2018 10:41 am
or lower taking out 50 area

20 Aug 2018 10:47 am
51.25 so far as held by 2 ticks and unless a bounce back of takes out 54.50-55 without turning down then another token lower low and possibly a breakdown to or through 50 area

20 Aug 2018 10:59 am
the way that the VIX is acting, top was made with a reversal up from 12.34 and so far only went to 12.64. Should go over 12.68 and stay over that to have more pressure on and be some trouble if not have 5 minute reversal bar back down from above tha

20 Aug 2018 11:02 am
from above that. With 51.50 reached, could be a low if 54.50 broken and not turn right back down.

20 Aug 2018 11:11 am
a pullback that can hold 53-52.50 area and take out 54.50 with out getting turned down has a chance of breaking Federer downtrend from the high and try to take out 56 and if no rejection test or break double top but not stick if it does

20 Aug 2018 11:22 am
a move over 56 needed next or else getting close to double top at resistance and one more push higher could get the ES backed up there where it should be sold again. Will end up being a bounce high holding under 56 and breaking down under 53 it looks

20 Aug 2018 11:28 am
to stay in a choppy range and make another move on the upside 53 must keep holding and keep going up over 56

20 Aug 2018 11:30 am
stays strong at or above 54-53.50 now

20 Aug 2018 11:34 am
should take out 56 and then possibly back up to 57-58 resistance, which should be hard to get through and hold unless headed towards 63-63.75 area today, which is doubtful today at least. Should be topping again soon

20 Aug 2018 11:41 am
testing or breaking the high as long as 55.50-55 area is not broken back below and then held

20 Aug 2018 11:48 am
if the ES is going to make a lower high and roll over then it should come from this stalling out and taking out 56 and not getting immediately turned right back up again. Going to attempt 58 area otherwise

20 Aug 2018 11:50 am
57.25 resistance at 57-58 being rejected but still needs a break under 56 for a high to be in place and not just a tiny dip in and uptrend

20 Aug 2018 11:55 am
resistance being rejected a little bit and needs to hold 57-56.50 area especially to keep a good uptrend from a possible breakdown a bit further

20 Aug 2018 11:57 am
55.25-54.50 important to hold or else a double top/triple top at resistance that needs to be broken//held above to avoid a bigger pullback/drop.

20 Aug 2018 11:59 am
if the internals were to close where they are now I would have across-the-board overbought extremes on all short-term internal gauges. It's going to be difficult making much more upside and holding. Update in 7-10 minutes

20 Aug 2018 12:07 pm
pullback supportheld that 55.50 and is back at the high at again and can go through although may not hold on this move up and needs to continue holding 55.50

20 Aug 2018 12:12 pm
needs to continue to holding 57 area or else could be reversing back down again for a pullback of some sort

20 Aug 2018 12:14 pm
I am willing to be away until around 1:10-1:15 but will update if possible if necessary ASAP

20 Aug 2018 12:15 pm
at the moment beginning a small pullback from token higher high

20 Aug 2018 12:16 pm
on a move under 57.50-57 prior resistance/new pivotal support up here around 57

20 Aug 2018 12:52 pm
the ES is rolling over from its token higher high at 59 and a drop under 57 that is not turned right back up over 58 and hold can get this in a new downtrend and heading to or through 55.50 area again

20 Aug 2018 01:00 pm
reversal back up from 57.25 prior resistance /new support on the ES gave a another run-up to another token higher high so far and if this keeps holding 58-57 it will avoid reversing and the door stays open for the 63-64 area or higher

20 Aug 2018 01:19 pm
after after stalling out under the token higher high the ES just reversed and there should be a high and place break under 57 and hold at or below 58 after that especially

20 Aug 2018 01:24 pm
57 area turning into an important support to hold in order to avoid a decent pullback of some sort, and keep the door open for a test or break of the high area now, although should fail under 59.25 and set up a double top or 123 of some sort

20 Aug 2018 01:33 pm
token higher high should be sold but only a tiny pullback that holds 58.50-58 most likely

20 Aug 2018 01:39 pm
appears to want to go for 63-64 area if it can hold its strength the rest of the afternoon. New all-time high on the S&P 500 cash would need to take out 2872.87, and around 72-73 on the ES. Don't think we will see that, and maybe even 63-64 area, wit

20 Aug 2018 01:41 pm
can get another small ~2 point pullback but should not go much further otherwise upside symmetry could be broken and market structure broken on downside

20 Aug 2018 01:44 pm
1.25 point pullback so far and needs to take out 59.50 or else or through 57.25 area which could begin a better pullback if broken and held below, not looking likely at the moment

20 Aug 2018 01:52 pm
a tiny double top at the moment and a pullback >1.75-2.25 points could mean that a high is in place for a bit at least and another bounce should not go far before failing again. stalling out long enough

20 Aug 2018 01:56 pm
58 area has been holding as new support, so for now as long as the ES is over 58-57 is going to keep on going to war through the 63-64 area on the ES next

20 Aug 2018 02:04 pm
beginning to push a bit higher reaching 60 so far and 63-64 is the major area to get over today and a failure under that area and break of >2.25 points it could be the start of more than just another small pullback

20 Aug 2018 02:06 pm
beginning to get a little top-heavy finally coming down from 60, but needs to go under 58 at a minimum in order to break upside symmetry and also began to chip away at 58-57 old resistance/new support which needs broken and held under

20 Aug 2018 02:13 pm
pop-ups should come from 58 or higher otherwise there could be a breakdown of some sort especially taking out 57 and then holding under 58 and back down on a bounce attempt after that

20 Aug 2018 02:18 pm
58.50-57.50 is new pivotal area and support unless 57.50 broken and then 58.50-59 is held at or below to turn this from man uptrend to a new downtrend. 58.50-57.50 area still good support at the moment

20 Aug 2018 02:35 pm
token higher high and this one might have trouble being broken and held and that is with the Dow double top and also and should be a short just a little over the high especially if >1.75 point pullback

20 Aug 2018 02:37 pm
has to hold 58.25 otherwise a bounce that follows should not make another new high before coming back down again. Might just keep going through 57.50 area and start a breakdown attempt holding under 59 on a bounce

20 Aug 2018 02:50 pm
2807.50 low is the largest off of a high made after noon and bottom of prior resistance and coming back down through that area can also pick up some momentum holding under 59 on any kind of bounce attempt after a breakdown. However, if held another p

20 Aug 2018 03:00 pm
with this turning back up from 57.50 it should hold under 59 if it's going to break down through 57 area and also break a bunch of pullback lows on the Dow cash, around 25,758 area

20 Aug 2018 03:04 pm
currently a thinly traded market but 59 was rejected, and probably should holds at or under that area and come down under 57.50 area is going to be a late day drop

20 Aug 2018 03:13 pm
turning up from a little double bottom at 57.75 and now unless 57.75-57.50 area is broken market avoids late day pullback, a chance at the high but will need to since9 without coming right back down keeping some pressure on

20 Aug 2018 03:17 pm
going through 60 and holding should be hard to do up here, as buyers should be backing away around the 63 area or a little under, and less on its way through resistance going towards all-time highs another 8-10 points higher

20 Aug 2018 03:23 pm
double top and should be a breakdown if the 59 level is broken down through and not turned back up with some gusto. A chance for a higher high holding 59

20 Aug 2018 03:26 pm
token higher high should be sold and come down again to you around 59 or a little bit higher if it's going to stay strong

20 Aug 2018 03:36 pm
in the last 30 minutes that ES will need to hold around 59 otherwise could come back down to test or break 58-57.50, and that should be pivotal if reached. Otherwise, could continue grinding higher but not sure this will hold up into the close. Would

20 Aug 2018 03:41 pm
have a nice rest of the day. I will meet you here in the morning with a quick comment. pretty sure indicators will be at or very close to across-the-board extreme overbought readings. We'll see. Take care!

 


 

TradeStalker.com, Investment Advisory Service, Fort Wayne, IN

 

 


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