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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 FRIDAY - APRIL 20, 2018

20 Apr 2018 09:13 am
good morning. It looks like there could be an early bounce but likely not going to stick

20 Apr 2018 09:17 am
has to get over 96 and not get turned right back down from that area. If that doesn't get up there than it could go down through 93 to the 91-90 key area just below

20 Apr 2018 09:25 am
looks like early pop-up should be sold into and then bought on a dip as long as 93 and especially 91 area holds. If not then a downtrend needs reverse. I will update about 5-10 minutes after the open

20 Apr 2018 09:33 am
has to keep coming down through 91 and not turn right back up in order to have a high in place although upside limited for sure

20 Apr 2018 09:34 am
holding under 92.50-93 will keep the pressure on

20 Apr 2018 09:35 am
should hold under 91.50-92 area

20 Apr 2018 09:38 am
has to keep coming down through 88 and then hold under 89-90

20 Apr 2018 09:41 am
need to hold under 90 or else can go up to around 91.50-92.50 area and come back down again

20 Apr 2018 09:42 am
90.75 sold and unless this can get back over 91 area and hold up there then still under pressure

20 Apr 2018 09:46 am
holding under 89 to keep pressure on for another token lower low at least

20 Apr 2018 09:47 am
has to get over 89 and hold

20 Apr 2018 09:50 am
88.50 bounce high so far and will need to make a lower low soon or else take out 89 and could get going on the upside

20 Apr 2018 09:52 am
quick reversal down from 89.75 and 91 area is going to be pivotal and bearish unless broken

20 Apr 2018 09:56 am
holding under 87.50 area needed to get a further breakdown to the 84 area

20 Apr 2018 10:01 am
bounce from 86 and needs to get over 90-91 on a bounce or else another leg down. Stays bearish and less that area is taken out and able to hold

20 Apr 2018 10:03 am
still being sold on all of the level pop-ups and should stay under 89 area now and keep making lower lows on the way towards 84 area and maybe more than that

20 Apr 2018 10:08 am
downtrend and tax holding under 87.50-88 area right now and still headed to or through 84 area

20 Apr 2018 10:12 am
84 reached and unless this holds and bounces over 87-88 with some gusto it could keep going to the 82.50-81.50 That Must Hold to Avoid a Bigger Breakdown

20 Apr 2018 10:16 am
still needs to get over 86 at a minimum and especially up through the 89 area with some gusto

20 Apr 2018 10:21 am
86 reached and needs to hold on a tiny pullback at 85.25-84.50 at worst in order to keep pushing higher towards 87-88, still holding under 89 would be bearish

20 Apr 2018 10:25 am
needs to take out 86.50 and then 88-89 would be seen and needs to also keep going up through 89 or else stays in a steady downtrend

20 Apr 2018 10:31 am
trying to get turned around and should take out the 89 area if it's going to turn strong. Must turned up on a small pullback to around 85.50

20 Apr 2018 10:35 am
pullback turned up at 86 and almost to the 89 area where it needs to run up through and not turn right back down. Going up through 91 and sticking needed to get into stronger position

20 Apr 2018 10:37 am
backed away from 88.25 and now with bounce highs that 88.75 and 88.25 the 88.58 area should be a key resistance to clear/hold or else another lower low down here

20 Apr 2018 10:40 am
ES has been bought at 84, 84.25, 84.50 and 84.75 the last time down. However bounces are going to keep mailing under 88.50-89 and should take out that area on another push lower

20 Apr 2018 10:44 am
as it made a new low just yet but should and go to or through support at 82.50-81.50 and would need to immediately turn up or else bigger breakdown underway

20 Apr 2018 10:48 am
double bottom at 83.25 at the moment and just over the 82.50-81.50 major area, but a bounce should not get to or through the 88.50 area and taking out 82.50-81.50 area more likely and should happen soon

20 Apr 2018 10:53 am
taking out the 81.50 low of that 82.50-81.50 support keeps is in very bearish territory and could collapse further to the 76.50 area next which must hold or else down to 73-72 – a major area that must hold today

20 Apr 2018 11:00 am
dropped right down to the 76.50-76 zone but now has resistance at 81.50-82.50 that needs to be cleared and held just to attempt getting back to bottom before latest breakdown cutting right through. doubt that is going to be low for the day, with all

20 Apr 2018 11:03 am
yet another feeble bounce and drop back to the lows and should keep going down to test or break through 73-72 next. If broken then right down to the 66.58 area could happen

20 Apr 2018 11:07 am
came right down to 72.50 which is a major area for today, but the way the market is acting it early shouldn't matter is that should also be broken also and head towards 66.50 or more the way it's acting at the moment

20 Apr 2018 11:09 am
will need to have a good bounce back above the 79.50 prior bounce high or else buying dips isn't going to work but selling pop-ups or bounces that small or show rejection are good shorts – or the short under 76.50 right now

20 Apr 2018 11:18 am
68.25 low so far and a failure around the 72.50-73.25 area could mean another decent push lower to around the 66.50 area possibly. A move back over that area needs to keep going up through 75.50-76.50 or else a failure from there possible if reached

20 Apr 2018 11:21 am
should stay under 66.25 and have another decent pullback here

20 Apr 2018 11:26 am
should come back down to test the low, beware of a potential double bottom or higher low on a move down as there is a good chance it will be bid back up if the Dow does not roll over again in the next 5 minutes

20 Apr 2018 11:31 am
almost back to the low and needs to run up above 74.50 in order to have a possible double bottom in place for a while, but bounces still not going to stick a bit higher up

20 Apr 2018 11:34 am
unless this is able to get over 74 and hold then another move down towards the low can happen going under 72-71.50 without a quick reversal back up

20 Apr 2018 11:40 am
needs to hold 73.50 at worst and turn up in order to leave that 123 bottom in place as a low for the day possibly and keep going for the 78.50-79.50 new resistance

20 Apr 2018 11:44 am
78.50-79.50 area should give some sort of pullback and if it does not hold 74 at worst then another bounce that follows should be sold also

20 Apr 2018 11:55 am
tested but hasn't broken 74 yet but should still see bounces sold as long as a hold under 78.75-79.50 and go back down to make another higher low

20 Apr 2018 12:01 pm
bounces still not sticking and should continue to be sold as this goes back to its low area or a little higher possibly before another decent bounce most likely

20 Apr 2018 12:10 pm
another higher low by a couple of points this time and needs to take out 75 and stick above that level is going back up to or through 78.75-79.50 new resistance

20 Apr 2018 12:12 pm
I will be away until around 1:10 but will update if necessary ASAP although maybe tied up for a while and unable to update just in case you don't see one after some activity. Continue selling bounces as they are not sticking

20 Apr 2018 12:46 pm
made a token lower low at 66.50 and just tested 67 but needs to have a run up that takes out 72.50-74.00 area without turning right back down under 72 again to try to take some pressure off for a while, and possibly try for 77-78 if a good run up –

20 Apr 2018 12:54 pm
another new low at 64.75 and there is some minor support around the 63-62 area where a bounce should come from if reached, as it's 75% retracement from swing low 2644.75 day session on the 13th

20 Apr 2018 01:03 pm
ES has been getting bid right back up on the last 2 pullbacks and might have a low in place at 64.75 for a while, and 66 holding at the moment. Bounces have not been sticking and testing those lows, so need to have a move go back over 70 and then 72-

20 Apr 2018 01:25 pm
the Dow cash made a double bottom of sores while but ES was holding 66 after making its low at 64.75, and now this bounce back failed again at the 72.75 level for a third time around 72-73 and still is a chance at testing the low area unless 72-73 is

20 Apr 2018 01:28 pm
there was some decent buying and quick moves up from the lows made around 66, and SHOULD be a low for the day normally, however the way this is acting it needs to clear 72-73 and stick

20 Apr 2018 01:30 pm
just started a run up as soon as I hit the send button for last update. Quickly backed off from 73.75 but needs to hold 71.50-70.50 at the worst now for this to stay in a bullish mode

20 Apr 2018 01:32 pm
bigger picture there should be much more upside if any before a decent pullback again happens although should hold over the 68.50-68 area to avoid going too far and making it so the next bounce is sold instead

20 Apr 2018 01:35 pm
stalled out, pullback needs to turn up at 71.50-70.50 at the worst or can keep going to or through 70.50 area

20 Apr 2018 01:40 pm
there was a 10.50 points bounce earlier and now taking out 75.25 would be >10.50 points and break bounce symmetry, and with being bought a pullback even should hold 73 and break through

20 Apr 2018 01:46 pm
currently at the down sloping 60 EMA on the 5 minute day session chart, and should see some pullback especially if this stalls another minute and then rolls over. Needs to hold under 76.50 area to stay under that resistance

20 Apr 2018 01:48 pm
it has turned into a choppy trend up kind of move after coming up from the lows and holding 68 under again where early double bottom was made, and should see hold back here

20 Apr 2018 01:54 pm
stalled at the 60 EMA and a small pullback so far to 74 which needs held or else could keep coming back to or through 72-71.50, a key area that needs held above to avoid another decent pullback

20 Apr 2018 01:55 pm
also I don't normally do intraday fib numbers but 77.75 which is just above 76.50 where it stalled, that I is a 38% retracement from yesterday's late 2699 high to today's low. The 11:40 bounce high was 78.75

20 Apr 2018 01:59 pm
pop up sold and 77 was the high for the move and unless that is taken out and able to stick it's going to be another bounce high at the 60 EMA and failure with deeper pullback coming, could be afternoon drop of some sort after this early afternoon ra

20 Apr 2018 02:02 pm
if this goes right down through 72-71.50 then it could keep going to or through the 68.50-68 area before any sort of bounce attempt. But should try from 71.50 if not going to go straight down from that bounce high/rejection

20 Apr 2018 02:07 pm
so far the 72-71.50 new support held, but still needs to be a good bounce that takes out the 77.75-78.75 area, more likely to be sold if reached than have follow-through buying. Backing away from 75 could mean more downside through support

20 Apr 2018 02:14 pm
coming down from that bounce high to the 60 EMA that stalled out and then had a Spike rejection after that, and should keep going down towards 68.50 if this takes out 71.50 and not able to get turned up from there

20 Apr 2018 02:19 pm
61.50 early broken however should be taken out as long as this holds under the 72.50-73 area to keep pressure on to test or break 68.54 more

20 Apr 2018 02:25 pm
a bounce off of 70.25, and should come back down again but not all the way through 70.25 or else would keep failing until getting to or through the 68.50 area or lower

20 Apr 2018 02:29 pm
to stay in this downtrend, the down needs to keep being sold on level bounces and hold under 24,480 right now and that ES needs to also keep failing and being sold at or under the 73-74 area if points to come back down to another low again

20 Apr 2018 02:32 pm
so far bounce failed at 74 and looks like these last lows at 70.25 on the ES and 24,459 need to be broken on the downside if this is going to have another breakdown instead of a pullback and start new uptrend attempt

20 Apr 2018 02:34 pm
this is going to be sold log bounces back down to either 68 and turn around quickly or keep on going down towards the lows or more again which is likely before and of day

20 Apr 2018 02:35 pm
maybe the only thing to possibly hold this up would be some shorts covering in unison, but not until testing or breaking the low area it appears. Could bounce but should fail at or below 73-74 maximum

20 Apr 2018 02:46 pm
so far a 53.25 point drop from the 2718 Wednesday high. 30 point drop from this morning's high. there was a 10.50 point bounce and a 12.25 point bounce so far today, and bigger picture bearish still under 74-75 area at the moment with lower lows comi

20 Apr 2018 02:49 pm
Hmm, bounce off of 67.50 last lower low and needs to keep coming down and break that to be sold on another bounce attempt. That should happen soon

20 Apr 2018 02:50 pm
a bounce from this area needs to be strong enough to run up above 71 to try putting in a low for a bit. Anything shy of that is sold again. Stays bearish under 71 at highest right now

20 Apr 2018 02:54 pm
every tiny bounce now being sold into under 70 and has to get over 70-71 area with some gusto in order to hold after that in order to avoid another push lower and begin moving away from that resistance

20 Apr 2018 02:56 pm
however if that area is taken out and able to stick, then it could be start of moving up to test 74-75 at least. That's where the 60 EMA is currently, also downside where selling came in hard at 2:30

20 Apr 2018 03:00 pm
another failed bounce attempt and should go back towards the lows on this move

20 Apr 2018 03:06 pm
market on its low's across-the-board and selling should continue as long as a bounce attempt will hold at or under 66.50-67.50 at the moment

20 Apr 2018 03:09 pm
area on the chart not listed last night is here at the 60.50 area however should go to or through 58-57 if there is not a quick and strong move higher from 60.50 somehow

20 Apr 2018 03:17 pm
this bounce off of what was a prior breakdown area on 4/13 had just above the close that day, and then a gap up open the next day that only got filled today when 80.50 was broken. looks like the only way to avoid late day breakdown if that holds as a

20 Apr 2018 03:21 pm
with about 40 minutes left in stock trading for the week we have all of the averages sitting right above or on the lows for the day and should go through those as long as holding under 64.50-65. Prior low and bounce high from 60.50 area so far, could

20 Apr 2018 03:30 pm
another feeble bounce but so far reached 65 and 64-65 area is what needs to be broken above and held in order to have a late day run up instead of keeping the door open for another move down to or through the low of the day. 58-57 if a lower low shou

20 Apr 2018 03:31 pm
if this can get over 65 and then hold around 64 after that, it might have enough momentum to go higher and not have a further breakdown. A pivotal area around 65

20 Apr 2018 03:38 pm
with this holding at 59.75 and just above support and now turning up at 3:20 PM and again now that 3:35, should be hard to go down and make lower lows at the end of the day. There might be a chance unless the ES keeps moving higher and gets back over

20 Apr 2018 03:39 pm
pullbacks should hold now it looks and keep end of day move higher going back over 67.50-68.50. Would need to hold and not reverse there

20 Apr 2018 03:40 pm
have a great weekend! I'll send you an update and then meets you here on Monday morning. I think things should be back to normal again next week I'm hoping. Take care!

 

INTRADAY LOG FOR THURSDAY - APRIL 19, 2018

19 Apr 2018 09:12 am
Good morning. the ES just went under 2700 and came back up and will need to hold there and run up to 2403.75 low from yesterday to fill the gap on the daily chart (regular trading hours) and keep going back above 2708 area and hold over that to avoid

19 Apr 2018 09:15 am
if you follow the long you should be short at average entry at 2710 better, and cover half on the open and holding the other half for now

19 Apr 2018 09:23 am
ES will need to get over the 2701.50-2702.50 support and hold, so far it has used it as new resistance to go down and test or break the low. I will update about 5 minutes or so after the open

19 Apr 2018 09:32 am
top likely if 2701.50 cannot hold, must go through 2702 and hold 2701.50

19 Apr 2018 09:36 am
could not hold 2701.50 going right down through it and also right through 97-96 and needs to go back over 2700 and hold or is in trouble still, a major area down at 93-92

19 Apr 2018 09:40 am
should get bid back up if another pullback holds 98-97 area if it's going to try another push higher and not have a further breakdown attempt

19 Apr 2018 09:42 am
has to turn up quickly with gusto but even if there is a run up it's going to be sold as soon as the move stalls or gets reversed

19 Apr 2018 09:44 am
still under pressure holding under 2700 and heading towards 93-92 which is a major area to hold if there is much more weakness or else market in poor shape most likely

19 Apr 2018 09:47 am
93.75 was reached and the two the over 97 or else 93-92 still have a good shot of being tested or broken

19 Apr 2018 09:50 am
that was a major area and needs to bounce with some gusto back over 97 or else bigger breakdown, should have put in lower numbers but 86-84.50 next big area below to go for

19 Apr 2018 09:53 am
92 area prior major area on the way up and has to hold and get going on the upside to avoid heading towards 86 or lower

19 Apr 2018 09:54 am
97.50 is the bounce resistance that needs taken out and not turn right back down instead in order to have a low at support stick most likely

19 Apr 2018 09:59 am
key area with 97.50 needed to be taken out and then hold 96-95.50 at worst to avoid a possible reversal back to the downside

19 Apr 2018 10:01 am
98.25 reached and came right down through 97 so has bit more work to do by either a bigger pullback or break out over 98 and hold 97 and turned up quickly

19 Apr 2018 10:05 am
can keep going to a higher level and if not then breaking the low would be more bearishness and another bounce after that should also fail

19 Apr 2018 10:09 am
should test or break the 93-92 major area again and needs to have a strong reversal go back over 97.50-98.5098.50 and only a small pullback afterwards to get a turn around attempts and not further downside. 86-84.50 possible if unable to hold

19 Apr 2018 10:10 am
still have a 1/2 position on and will hold this in case of a bigger break after the big a run up we had over the past 12 days basically

19 Apr 2018 10:11 am
however, needs to take out the 92 area as a double bottom attempt being made right now

19 Apr 2018 10:14 am
that action can change things with a double bottom at support and run up with gusto, should hold 93-92 now and take out 97.50 and hold 96.50 area in order to keep heading higher a bit longer until reversing

19 Apr 2018 10:17 am
123 / double bottom in place, reached 2700 and needs to keep going up with about pulling back if going to 2702-2703 area and maybe higher

19 Apr 2018 10:21 am
backing away from 2701.75, the 2701-2702.50 prior support is a new key resistance to poke through. Has to go through 2703.75 or else the gap on the daily chart will stay unfilled for now. Should be headed to test 99-98 where it must quickly turned up

19 Apr 2018 10:26 am
pullback and turn up from 99 and needs to keep going through the 2702.50 prior support to or through 2704 where it needs to hold and not turn right back down from filling the gap

19 Apr 2018 10:27 am
a failure to clear 2702.50 and stick soon should mean another pullback but should hold 2700 and order to avoid possible break back under 97.50

19 Apr 2018 10:30 am
97.50 also about half way back down from double bottom support. If 2700 is held below it could go back down to or through that area

19 Apr 2018 10:33 am
97.50 reached and needs to run up over 2700 and stick or else another pullback of some sort and if breaks 97 down towards 95.50 area possible

19 Apr 2018 10:35 am
strong run up off of the 97.50 updated support and fixed support crisscrossed several times, and now back to 2702.50 prior support to go through and hold 2700 after that

19 Apr 2018 10:36 am
2703.75 should be reached and then the next big hurdle at 2707.50-2708.50

19 Apr 2018 10:38 am
missed 2703.75 and filling the gap by 1 tick and unless this turns back up from 2701 there's going to be a high in place for a while and pullback must not go back under 97.5 or else likely has a top in at bounce resistance

19 Apr 2018 10:43 am
should keep coming down to or through 97 area before another bounce attempt that should fail even if a token higher high

19 Apr 2018 10:50 am
good-sized pullback easily took out 97.50 and should keep on going towards 96-95.50 where it must get turned back up quickly again in order to avoid testing or breaking 93-92 a third time.

19 Apr 2018 10:57 am
down to the 92 level so far and needs to bounce or was some gusto back over 97 or else heading towards 86-84.50 area next

19 Apr 2018 10:59 am
92.00 low and 92.75 and 92.25 lows before that, so with three close at support, must hold area in order to avoid a bigger picture pullback/drop. Probably needs to keep going up over 97-98 area now to have a low and get back to the middle of this curr

19 Apr 2018 11:02 am
should bounce from a higher low this time and not go back down to the 92 level for a fourth time or its more likely to break through

19 Apr 2018 11:03 am
need to hold 93 area and turn up but then has to go over 97-98 or else would still be in bearish position. Stays that way under 97.50 area

19 Apr 2018 11:09 am
stalling just over 92.50-90 at the moment and needs to pop up through 97.50 and only a small pullback after that to get a better bounce possibly back towards the high area but should be hard to get through and especially hold

19 Apr 2018 11:11 am
could not get up to 96 and backed away and unless 96-97 is taken out the low in jeopardy and 86-84.50 should be in the cards at some point, especially going under 92 area and holding under that

19 Apr 2018 11:15 am
on the short position you should have a stop now at the 2703.50 high of the day at the highest, as that should not be seen again if a top is in place and going towards 86 or more today. A tighter stop could be used at 97.50, should not get back there

19 Apr 2018 11:24 am
stalled and made a little double bottom at 2690.25, and should be on its way to test or break 95.50-96.50 on this move but if it doesn't get that far then a small pullback should hold and make another push higher

19 Apr 2018 11:29 am
looks like downside momentum has been lost for now and even though still in a downtrend holding decent profit, still might be about time to cover the remainder of swing trade. A stop at 2697.50 would make this bounce more than 50% back up from 2703.5

19 Apr 2018 11:32 am
biggest bounce should be about 10-10.50 points and that would keep downside symmetry and tact and also stop at around the 2700 area on a bounce attempt. Looks like 96 area is going to be hard to get through and could be a key area

19 Apr 2018 11:39 am
keep a stop at 97.50 on this other 1/2 of the swing trade, and if a new low is made then bring it down to 96.50 has that still needs to be taken out now to attempt a turn around and avoid possible test/break above the low

19 Apr 2018 11:43 am
could be bounce from slightly lower low if it doesn't bounce from 90. 88 would be the place or else keep on going to or through 86-84.50 last of the listed support varies on the downside. 82.50 area under that

19 Apr 2018 11:45 am
third bottom at 90.75-90.25, will need to go up over 96 and especially 97.50 area with gusto or else just a feeble bounce before coming down and breaking a double/triple bottom

19 Apr 2018 11:52 am
keep on going to or through 87 gap and then if broken 86-84.50 zone.

19 Apr 2018 11:54 am
Monday high was at 87 and a gap up on Tuesday had a low at 92.50, and now should keep going to or through 87 after this bounce from the 88 area fails at or under 90-90.50

19 Apr 2018 11:56 am
from here on out you could probably trail a stop at is about 6 points roughly, or at a break back over 92.54 now. If stopped out then there will be a reentry if things set up, but some objectives have been met even though there could be a lot more to

19 Apr 2018 11:58 am
rejection from under 90 keeps the pressure on to test or break 86-84.50 and possibly quite a bit lower

19 Apr 2018 12:03 pm
down to the 86.25 level so far and if no reversal from 86-84.58 area with gusto back above 90 and holds, especially 92.50 area, then could keep going down to the 84.50 level or bounce from 86-84.50 but still need to take out 90.50 area and especiall

19 Apr 2018 12:09 pm
turning out to be a trend down move since coming off of the 2703.50 bounce high with just a 5 point bounce along the way. Need to have more than just another feeble bounce. Nude to run up over 2692.50 with some gusto

19 Apr 2018 12:14 pm
a bounce should not go over 89.50-90.25 or else a pullback after that would have a decent chance of holding. Still should trail a 6 points stop on remaining 1/2 of swing trade, keeping downside symmetry and currently would be holding under 90 still

19 Apr 2018 12:17 pm
has to come down to the 84.50 again and not get turned right back up, with gusto or at least enough momentum to run up over 88 and not quickly backed away

19 Apr 2018 12:21 pm
pressures days on holding under 88 at the moment, and with 84.50 only broken for a millisecond and turned back up, a retest will need to do the same

19 Apr 2018 12:26 pm
I will be away until around 1:15 or thereabouts, will update if necessary just ASAP. I do have a phone call but will try to not the hot up for too long. Still is in a trend down move holding under 88 and especially 90.50 prior low area – and 6 poin

19 Apr 2018 12:27 pm
actually, with 84.52 broken probably should just cover shorts and there will probably be a better low risk entry on a decent bounce if there is one. That or just keep it really tight at 88.50

19 Apr 2018 12:29 pm
probably shooting myself in the foot. I want to have a short on, so re- shorting. Sorry for the crisscrossed thanking. Just have a partial position on if you are back in or still in

19 Apr 2018 12:32 pm
90.25 stp, 4 pts over reentry / 6 from low

19 Apr 2018 12:59 pm
luckily the stop at 90.25 was missed by 1 tick, and coming back down after a 5.75 point bounce and the last bounce was 5.50 points, will need to take out that top in order to break bounce symmetry and attempt a potential turnaround if a small pullbac

19 Apr 2018 12:59 pm
luckily the stop at 90.25 was missed by 1 tick, and coming back down after a 5.75 point bounce and the last bounce was 5.50 points, will need to take out that top in order to break bounce symmetry and attempt a potential turnaround if a small pullbac

19 Apr 2018 01:01 pm
breakout not going to happen at least for a while if it does, we are going to keep this trend down action going as long as 90 is held below, and bounce attempts continue to fail

19 Apr 2018 01:02 pm
83.50 has been reached and the ES has already fill the gap which was at 87 and that could be a pivotal area that needs to be taken out and held in order to have a chance at the 90 area or higher. Under pressure still otherwise if a small or rejection

19 Apr 2018 01:14 pm
that ES is still working its way lower and just reached the updated support at 82 and has to have a good bounce back over 88 otherwise it's going to keep going down to 78 area next and a shot at the major area around 73-72 for pullback support today

19 Apr 2018 01:20 pm
TODAY'S selloff was mostly started from yesterday mornings internals being strong enough to get my internal gauges to overbought extremes (had they closed there) and the VIX was up after Wednesday plunge, thus the shorts yesterday,

19 Apr 2018 01:21 pm
and if there's not a strong reversal off of the 82.25 low back above 88 symmetrical bounce resistance, it stays bearish and trend down

19 Apr 2018 01:25 pm
attempting to make a little double bottom and have a run up, but the move only went 2.25 points from 82.50 up to 84.75 and immediately turned down – certainly pressure on even small bounces so stay with shorts and pop-ups to be sold into as long as

19 Apr 2018 01:32 pm
new lows again and should continue holding under 84.75 bounce high if the pressure is going to stay on. reentry on short trade was at 87 and trailing a 5.75 point stop, puts it at 87 breakeven. Probably were it should be for now

19 Apr 2018 01:45 pm
a good bounce this time from the 81.50 level and should be a low for the day, so cover shorts before 87 is reached. If it is you will be out at breakeven.

19 Apr 2018 01:45 pm
if it stops right there, it could end up being a bounce high for a while as it would be turning down from roughly a ~6 point bounce off of the low

19 Apr 2018 01:47 pm
88 was reach, could be some pullback here but should not go all the way to a new low. A dip should get turned up from around 85-84.50 at worst. Any further and that could be a bounce high and come down towards the low but not all the way

19 Apr 2018 01:54 pm
needs to keep going and get over 90 area and then 92.50 area could be seen again if that happens before backing away, if it doesn't back away from 90

19 Apr 2018 01:59 pm
bounces still failing hundred and 90, and will need to have a good bounce from around 86 area otherwise continue moving back down towards the low area again. Keep an eye on the Dow also, it could lead with further weakness

19 Apr 2018 02:03 pm
another try at 90 was rejected and should be under pressure holding under 89 area right now and a chance of going back to or through the 86-85 area

19 Apr 2018 02:05 pm
this could last a few days, doesn't need to turn around and make a rally all the way back today and out that it goes very far even tries that, which is doubtful also. Another pop-up should be sold so look for a shorting opportunity again and it may b

19 Apr 2018 02:08 pm
getting the bounce from 85.50 area but should have trouble sticking. Sell into any bounce here under 89, that area needs broken through and order to have things turned around for a while

19 Apr 2018 02:10 pm
it is going to stay bearish as long as 89-90 is not broken out above and then able to hold 89 after that. Could be another move back under 85.75 prior swing low

19 Apr 2018 02:15 pm
another failure and break under 86 should mean a bounce high in place

19 Apr 2018 02:23 pm
all bounces have been failing today and just came down from a double top at 89.50-89.25 to a higher low so far at 83.25, but likely to go through that also as long as bounce holds under or turns down from 86-87 area

19 Apr 2018 02:27 pm
another bounce attempt that stops under 89 area, should be the 85.50-86.50 area (87 at highest) or lower, should turned down and keep going towards 81.50 low of the day. There is 78-77 area under that, then major area for today especially at 73-72 if

19 Apr 2018 02:32 pm
well, with this coming down to make a higher low at 82.50 will give it a chance for a move that should fail at or around 86-87 area now at a maximum. Should see 87 and less it is being touched and rejected. If it goes above that then a small pullback

19 Apr 2018 02:35 pm
86.75 bounce high just under 87 and unless taken out and then turned up again after a small pullback (or just keep going up) it's going to stall out here and roll over again

19 Apr 2018 02:37 pm
turned down, should hold 84 or else it may be too far of a pullback and not make it back up to 87 area but breakdown further instead. So 84 area looking key before the 82.50-81.50 lows

19 Apr 2018 02:39 pm
getting bid back up from 84 and a good chance of taking out 87 and possibly getting to or through the 89.50-90 area if this only has a small pullback again.

19 Apr 2018 02:41 pm
92.50 is the 50% retracement from today's 2703.50 early high and if this goes through tops at 89.25-89.50 and 90.00 without turning right back down, it should at least test or break the prior support at the 92-93 area. 89.50-90 area first though

19 Apr 2018 02:45 pm
it should be able to take out 90 and go to the 92-93 area and possibly more but would be aware of a potential reversal back down from that area if it is reached

19 Apr 2018 02:52 pm
a rejection of the 90 level still has this under some pressure but needs to continue holding at or above the 86.50-86 area in order to keep from a possible breakdown back towards the lows. Has to stay under 90.50 for that to happen

19 Apr 2018 03:00 pm
the ES doesn't want to stay at 90 for very long, but needs to on this move if going to the 92-93 area, otherwise another pullback could be more if the move goes back under the 88 area

19 Apr 2018 03:05 pm
one more pop-up to around the 92-93 area will likely stop this move, if it doesn't turned down from 91 and have that be a top but needs to come back down and take out 88 and then 86 to begin rolling over again up here

19 Apr 2018 03:07 pm
this could keep chopping higher like this up to the 92-93 area and possibly more if there gets to be some short covering on a move over 50% retracement of the day at 92.50

19 Apr 2018 03:10 pm
pullbacks should keep being bought as long as it doesn't go back under 88.50-88 at the very lowest as this should keep going on up to the 92-93 area just above and could break through but beware of a turn

19 Apr 2018 03:11 pm
so far reached 92 and has backed away and could end up being a high with a bit more downside here

19 Apr 2018 03:15 pm
backing away from 92 and should have a hard time getting over 92-93 and being able to stick. Pullbacks have been pretty small on the way up but probably a high in place and should be decent pullback from up here

19 Apr 2018 03:19 pm
turning up after a small pullback so has a chance at the 92-93 area but needs to get up there with some gusto or else will be a failed bounce and not keep on going into the very late trading and possibly the close

19 Apr 2018 03:22 pm
3 pullbacks on the way up from the 2:25 low have been about 4 points on all 3 of them, so needs to hold on a small 4 point pullback in order to keep from a break of the uptrend

19 Apr 2018 03:24 pm
should be about ready to breakdown here taking out 88.50-88 area and not getting turned right back up. Key area at the end of the day

19 Apr 2018 03:28 pm
in the last 30+ minutes the ES needs to take out 2692-2693 and be able to stick after that, otherwise holding under that area keeps pressure on for further selling that could go a ways if this does not turn up quickly from this 4.25 point pullback to

19 Apr 2018 03:29 pm
have a great rest of your day. I will update this evening and then meet you here in the morning. It still a short with pressure on under the 92-93 zone. Take care!

 

INTRADAY LOG FOR WEDNESDAY - APRIL 18, 2018

18 Apr 2018 07:46 am
Good morning. My apologies I will not be able to update until I return from my doctors appointment

18 Apr 2018 10:23 am
I just got home and see that there was only a very quick pop over yesterday's high and after quick pullback was sold at 2714 on the bounce again and went down to 2703.75 again so far, need to hold 2707-2706.50 and take out 2709.50 or else back to tes

18 Apr 2018 10:25 am
update in about 5-10 minutes or so after I get situated. At the moment it should be bearish holding under 2709.75-2710.50

18 Apr 2018 10:39 am
ES went back up to 13.50 and backed away and will need to bounce from 2710 area or higher or else likely another top in place for a move back to at least 2708 and maybe more

18 Apr 2018 10:51 am
the VIX didn't stay all the way down at 14.57 area very long, going up to 16.90 at 10:15 turning down and would need to keep going under 16.33 if the ES is going to quickly reverse, or try extending to the upside and go for the 22-23 area, not revers

18 Apr 2018 10:56 am
should begin heading down under 12 towards the 10 area soon if going to have a pullback again from this 15-16 area, otherwise could be one more poke just over 15 that gets reverse from no more than 17.50-18 most likely

18 Apr 2018 11:05 am
not quite to the 17.50-18 area yet but made a token higher high and needs to hold 15-14 area in order to get up there or a bit higher

18 Apr 2018 11:16 am
turning down from the 18 resistance and should be a high if it cannot hold and bounced with some gusto from the 15-14 area

18 Apr 2018 11:20 am
the VIX ran up to 16.90 and reversed at the 10:15 low and has come down to 16.08 and looks about ready to turn up which would mean that ES topping out at 18 and could come down through 14 area and if easily broken then test or break the 2712.50-2712

18 Apr 2018 11:24 am
so far held at 14.50, and needs to take out 14 in order to have a potential breakdown and especially taking out 2712 area without a quick turn right back up again

18 Apr 2018 11:30 am
this test of 18 needs to only have a small pullback and get turned up if going to reach the 22-23 area and not be a topping out of some sort right up here at the 18 area. At the moment a double top but still needs to take out 14 area

18 Apr 2018 11:32 am
with the internals being pretty strong yet again today, and the VIX having already turned from its overly bullish readings and getting caution and/or expected volatility to pick up – which would imply decent move lower to be in some time soon

18 Apr 2018 11:39 am
checked my spreadsheet and if the market were to close with the internals were they are now, then I would have across-the-board extremes on my short-term internal gauges. would go along with the level reversal from extreme on the VIX.

18 Apr 2018 11:40 am
at the moment 2714.50-2714 needs broken through and especially 12 area without immediate upturn

18 Apr 2018 11:41 am
also hold under the double top at the 18 resistance and take out 14 area soon. Probably should hold under 17 now

18 Apr 2018 11:44 am
the way this is acting it should not take out 18 area but should take out 14 and keep going to or through 12 area

18 Apr 2018 11:49 am
should see any bounce from down here at the 12.50-12 area fail under the 18 tops at resistance– likely around 14-15 to break through that area on the downside

18 Apr 2018 11:58 am
pullback from double top at 18 resistance held and turned up from just over 2712.50 updated support and possible breakdown area and bounced to 2715.75 so far and needs to go back over and hold 14 after that and turned up in order to avoid a test or b

18 Apr 2018 12:02 pm
reached and reversed from 12.50 updated support and with the tops in place at 18 resistance, still needs to go over 15-16 area and hold 14 after that to keep this bounce going, and not be a failure around that area again

18 Apr 2018 12:07 pm
should get going over 15.75 area and be strong enough to hold 15 area after for a shot at the 18 area one more time

18 Apr 2018 12:22 pm
a bounce back to where the selling started at 11:40 and will need to hold 12.50-12 area or else keep going to or through 2709 area before another good bounce attempt needs to happen

18 Apr 2018 12:30 pm
holding the 13-12 area will keep this out of trouble at the moment although there may not be a whole lot of upside left in this move unless the ES can get over 16 and hold.

18 Apr 2018 12:33 pm
I will be back around 1:15 roughly and will update if necessary as soon as I have a chance and could be a bit late. The ES beginning to have trouble holding a good bid very long, internal gauges would be sell territory, double top at 18 resistance

18 Apr 2018 12:52 pm
just a feeble bounce and holding under 13-13.50 is going down to test or break 2711, and needs to hold or else can go down to 2708.50-2708 area if not a quick reversal

18 Apr 2018 01:00 pm
as long as the ES turns up from above 2713 area there is one more run up coming is said of a deeper pullback which could go all the way back to the 2711 pullback low

18 Apr 2018 01:05 pm
should hold at or above 14-13 otherwise another pop-up after should be sold into instead of being bought on dips still

18 Apr 2018 01:08 pm
this move should fail under the 16.50 level and looks like it could be here at 15.25 which could lead to a move down to or through the 13.50 level, kind of pivotal area and this range off of the low

18 Apr 2018 01:18 pm
last bounce high at 16.50 needs taken out and then hold and turned up from no lower than 15.25 if there is going to be a test or break of 18, instead of a pullback of some sort from around that area

18 Apr 2018 01:27 pm
the VIX dropped or dropping all the way back to 15.66 and just a little bit above its 15.57 low made about 10 minutes after opening and running up. that along with internals is going to give sell signals if they close was right here with internals t

18 Apr 2018 01:27 pm
"Front running" this set up and shorting bounces under 18 double top and hide of the day

18 Apr 2018 01:30 pm
has to continue holding over 13.50 and needs to take out 16.25 where the good selling started about 10 minutes ago

18 Apr 2018 01:33 pm
that should be about it for this bounce and going back under 12.50 and especially 11 can get this going on the downside instead of a range

18 Apr 2018 01:38 pm
with 2712.75 holding at the moment, keeps this in a range between there and 16.75 on top and 16.25 pivotal and should hold under that if going back down and not going up to or through 16.75 area

18 Apr 2018 01:44 pm
pullbacks have been bought, however the ES having all kinds of trouble getting over 2716.50-2718.00 area all day long and failing at or below that area 4 times so far. It's the third time down to 12.50-11.00 key area on the downside, more likely to b

18 Apr 2018 01:48 pm
put on part of a short yesterday early at 2707 but with the market going to be at overbought extremes if a close this strong, along with the VIX reversing its okay to add to this at 2713 or better, which should be reached on a level bounce if this do

18 Apr 2018 01:51 pm
if this goes under the 2711 area and not bounce back over 2713 after that, then would be a breakdown of some sort and another bounce will be sold

18 Apr 2018 01:57 pm
2 PM beige book release, could be a decent reaction up here

18 Apr 2018 02:00 pm
average entry on shorts is 2710 now and should have pressure on for a move back to the around the 2708 area or more on this first push down

18 Apr 2018 02:02 pm
2608.50 pullback low so far and a bounce will turned down from around 2711-2712 area if there is going to be another push lower from just above here

18 Apr 2018 02:06 pm
with just a quick spike down to the 2708.50 updated support and quick reversal back up, we should see another pullback be bought and had back up towards 16.75 prior bounce high, although maybe not that much on this first bounce before a pullback occu

18 Apr 2018 02:14 pm
we have a double bottom of sorts on the Dow and should hold at or above 24,728-24,722 in order to have a breakdown there, but so far a very small range of just 14.25 points and likely starting tomorrow there will be a countdown of 8 1/2 hours before

18 Apr 2018 02:18 pm
right now, in order to try taking out the 2716.50 level and the 2718 double top at resistance that ES needs to continue holding at or above 14-13.50 at worst. There should be some eager buyers on a pullback though

18 Apr 2018 02:25 pm
has to take out 16.25-16.50 area where it just backed away from and if going back up there then needs to have a bounce from around 14-13 area or else could keep dropping down to the 2711 or lower again if not held

18 Apr 2018 02:41 pm
backing away a fifth time from 16.50-18 area today, and will need to have a good bounce from around 14-13 at worst if going to have a chance of going up to or through 18 high of the day

18 Apr 2018 02:46 pm
only a 570 net advancing issues right now when it was +800 earlier and if they erode much more it could keep internal gauges from across-the-board extremes. Should be close tho. Especially if this up turned from 13.50 updated support able to finally

18 Apr 2018 02:50 pm
double top at 2718, and then after pullback there was 16.50, 16.75, 16.25 and 16.50 where the ES backed away from, and another time up there could keep going to or through 2719.75. Must continue holding over 14-13 at worst

18 Apr 2018 02:56 pm
best chance for this to make it up to or through the 88 area and if it's going to be another 16 point range it would equal 2719.75 however probably would keep on going towards 22 area instead

18 Apr 2018 02:59 pm
it's being sold yet again and this zone which is either the sixth or seventh time and a move down to or through 2713-2712 this afternoon could be a dropped into the close

18 Apr 2018 03:09 pm
2712.50 area will be important support in the last hour that needs to hold and if so there is still a chance for a move over 2718 high of the day, but can just as easily come back down to 2713-2712 new support. Unless that is broken/held the ES avoid

18 Apr 2018 03:14 pm
I need to leave about 20 minutes early today, but and of day keep an eye on this range and needs to go up through 2718 and not reverse hard back down through 2713-2712 area. Could get some momentum if a breakdown is not immediately turned up like it

18 Apr 2018 03:18 pm
although the market has been in rally mode this week, things have set up to where the internals are still strong enough to be overbought at this juncture.

18 Apr 2018 03:20 pm
have a good rest of your day. Catch you here tomorrow morning shortly before the open. Take care

 

INTRADAY LOG FOR TUESDAY - APRIL 17, 2018

17 Apr 2018 09:44 am
okay, apologies but woke up with computer issues. The 93-92 area is going to be major area and pivotal. If this goes over the 2699 high so far the 2702 needs taken out and then hold 99-98 if it gets that far

17 Apr 2018 09:46 am
97 needs held now

17 Apr 2018 09:49 am
stalling out and needs to go over 2799 and stick or else rollover from up here through 97 could be the start of decent pullback if 97 broken/held some momentum

17 Apr 2018 09:54 am
still needs to get over 99 then hold 98 or else holding under 98 keeps some pressure on, but needs to keep going down through 96, then 93-92 in order to have a top

17 Apr 2018 09:58 am
has to keep holding 96 and if a move over 99 is not rejected and sold off through 96 it could get to or through 2702 area next

17 Apr 2018 10:03 am
has to get over 2702 area or else reversal possible coming under 97 and not getting turned right back up. and the timeframe for a turn needs to happen by 10:10-10:15 at the latest

17 Apr 2018 10:06 am
top probably and for a while especially if 98 is taken out and held below

17 Apr 2018 10:08 am
97.50 touch and spring right up, has to go under 98 and not turn right up but hold or pick up momentum. Looks like pullbacks still going to be bought up to 2702-03 or more

17 Apr 2018 10:09 am
double top must hold 97.54 next bounce gets sold also

17 Apr 2018 10:14 am
need to take out 2701 and keep going through 2702-2703, or else coming back under 99 could begin to turn things

17 Apr 2018 10:16 am
2701.50 a token higher high but also 2 ticks under the 2702-2703 resistance. Needs to take out 2703 and then hold 2799 after, but likely tops already for a while anyhow

17 Apr 2018 10:18 am
a bounce should be sold now at or below 2701.50 but really shouldn't go that far

17 Apr 2018 10:21 am
should hold under 2700 in order to keep pressure on

17 Apr 2018 10:24 am
first pullback began to fail from 99.25 but held at 97.25 and turned up and 97 needs to continue holding to keep this in uptrend

17 Apr 2018 10:30 am
topping out and should be a break lower if the ES takes out 98

17 Apr 2018 10:34 am
ES hasn't liked it up there over 2700 for very long, but still need to take out 98 for some proof. Looks like just a small pullback so far on the Dow, but it needs to get back over 24,801 or fail. Same with 98 area on the ES

17 Apr 2018 10:38 am
2702-2703 reached and needs to take out 2703 and hold 2702 after that if going to extend the upside. Holding 2700 keeps door open for a little pop-up but should not stick if a top,

17 Apr 2018 10:45 am
2702.50 touched two times and turned away only a tiny amount and needs to hold 2700 and order to keep a strong uptrend

17 Apr 2018 10:54 am
going through the 2702-2703 zone and now should hold 2703-2702 on a pullback but now that 2703 taken out there is a shot at going up to around 2710 area or higher today.

17 Apr 2018 11:05 am
2705 should hold at worst and really should keep pushing higher from over 2706.50 if going to go right up to 2709.50-2710.50 and not all shy of that area before a pullback of some sort happens

17 Apr 2018 11:12 am
could be a little high in place for a while if this goes under 2705.50 and does not turn right back up after that. Has to hold around that area or bigger pullback could happen

17 Apr 2018 11:20 am
should begin to turn up son and not go under 2705.50-2705 otherwise could be going back to or through 2700 before another bounce attempt or maybe pick up momentum

17 Apr 2018 11:22 am
quick upturn from 2705 to test the high area so far and needs to go through 2708 and not turn right back down

17 Apr 2018 11:24 am
double top possible but if not go on up to or through 2709.50-2710.50 area

17 Apr 2018 11:30 am
the VIX has come down to 15.42, 15.41 and just turned up and buying a small position in the VXX will pay off pretty well only just reverting to its mean. Getting top-heavy on prices it looks also

17 Apr 2018 11:34 am
must hold at or above 2705 after making a token higher high at 2708.50, or else topped out and a bounce follows should be sold

17 Apr 2018 11:40 am
a bounce from 2605.25 should fail and if broken before bouncing look for the 2702.50-2702 area as new support that needs to hold

17 Apr 2018 11:45 am
bounce attempt from 2704 now will be sold and this could get momentum if it goes under 2703-2702 and then hold under 2703 after that

17 Apr 2018 11:51 am
should be sellers around the 2706-2706.50 area and if broken by much then a small pullback needs to be bid back up or else keep coming down to or through 2704-2703 area

17 Apr 2018 11:57 am
15.32 reached on the VIX and its already at an extreme and it has around 14.60 for a mega extreme and would be set up for pullback/drop tomorrow or Thursday. Internals very strong, might be overbought extreme or close. Will matter more tomorrow but t

17 Apr 2018 11:59 am
first bounce from 2704 rejected 2706.75 twice and a move under 2704-2703 area should be turned right back up if it's going to avoid what could be a bigger breakdown instead of bid right back up as it has been and should be watched for again

17 Apr 2018 12:08 pm
should have trouble making a new high on this move and holding but a small pullback that gets turned up may be enough to make a run up to that area or even 2709.50-2710.50 resistance just above the high

17 Apr 2018 12:16 pm
aside from off of the open there has been 2 pullbacks today of 4.25 and 4.00 points and as long as 2704 area holds (and could be higher) then it's only a pullback and another bounce should follow, but anything much more than 4.25 points should mean a

17 Apr 2018 12:18 pm
I will be oh way until around 1:50 but will update if necessary ASAP as long as not caught on a phone call. At the moment buying pullbacks over 2604 still is with uptrend and current momentum

17 Apr 2018 12:37 pm
a top should be in place now with the ES making a lower low by 1 tick and the Dow also rolling over so any kind of bounce is a short under the little 123 /double top

17 Apr 2018 12:51 pm
a drop to 2603.50 was bid up to 2605.75 and then a quick pullback held and turned up from 2703.75 and just held before topping up again. That is just above 2703 prior resistance and should continue holding to keep this in a bigger picture uptrend sti

17 Apr 2018 12:55 pm
by the end of the day though, especially if a trend up a and finishes near the highs, with this strong internals and plunge on the VIX setting up for a top or at least hard to make upside progress. Might be the case from the current 123/double top at

17 Apr 2018 12:57 pm
you want to be short any kind of bounce as this could go back down towards 2700 and if there is a break under the 2704-2703.50 area that's not turn right back up then go to or through 2700 again

17 Apr 2018 01:00 pm
has to hold 2704-2703 and run up over 2706-2707 and not get turned right back down in order to test or break the 2708.50 top for the day, at least looking that way right now

17 Apr 2018 01:07 pm
2704-2703.50 has been much tested 4 times and held the time and unless broken and not turn right back up this is still a trend up day but just should should have trouble getting over 2708 and it did does there is 2709.50-2710.50 last of the listed ar

17 Apr 2018 01:10 pm
keep an eye on 24,773 area on the Dow cash on a pullback as that should hold if the ES is going to stay over 2703.50 area. This bounce failed under the high and a shot at the 2703.50 if no run up from 2706 area

17 Apr 2018 01:12 pm
buyers coming in on all of the pullbacks had the moment and another pullback needs to hold 2705 area and especially 2703.50 in order to have another pop-up

17 Apr 2018 01:15 pm
just broke down and now should keep going for always as this could be more than just a small pullback

17 Apr 2018 01:17 pm
2700 area will need to be broken through and not come bouncing right back up over 2703-2704 area without going back down again

17 Apr 2018 01:20 pm
as stated earlier, with the VIX dropping like a rock, and internals that were very strong, would have internal gauges near the extremes and sentiment at way overly bullish and reached 14.97 so far. The lowest level this should go to is 14.38. Buying

17 Apr 2018 01:25 pm
ES should have a top in place and trend has rolled over similar to yesterday so far. A bounce needs to at least run up and get back over 2703.50-2704 and then hold that area on a dip in order to get back in the range it was an earlier

17 Apr 2018 01:42 pm
so far has bounced back to where the last bout of selling came from that 2707 area and unless broken through soon and held this could roll over from under 2706 and come back down at least to test or break the 2704.50-2703.50 area

17 Apr 2018 01:47 pm
so far holding at 2704.50 and needs to go through 2703.50 area without immediately turning up (like it should) in order to stay in an uptrend and not break down further. A push over 2707.50 needed on the upside soon here to get upside going

17 Apr 2018 01:50 pm
was a breakout after last update reaching 2707 and backing away, and looks like it should go back under 2704.54 else another bounce after is going to be sold also

17 Apr 2018 01:55 pm
look to short bounces at 2706 or higher for an initial entry on short position, may be added to at higher prices but we will see. Should be a top being made today or Wednesday (probably Thursday morning latest) to have a position on.

17 Apr 2018 02:00 pm
should be in some put options or inverse ETF for a core position so you can trade around with ES intraday, while holding on to the core short position. If a run up over 2707 and stick, so a chance at the 2709.50-2710.50 area and maybe a bit higher be

17 Apr 2018 02:02 pm
Getting over 2707 and holding might be hard to do, at least the first time. Yet another time needs to go through 2708.50 high of the day and also keep going through 2710.50 last resistance could mean 2712 minor area, possibly heading to 2717-18 befo

17 Apr 2018 02:03 pm
should be topping if a rejection of 2710.50 area that comes back under 2707

17 Apr 2018 02:05 pm
this pullback should be bought also so watch for a test or hold just above 2707.50-2707 at lowest and another pop-up although may not go past 2710.50 and stay

17 Apr 2018 02:08 pm
VIX has fallen hard all the way to 14.57 new low and keep an eye on 18 EMA on 5 minute chart to be broken to break its downtrend from this very extreme level

17 Apr 2018 02:10 pm
2709.25 high so far is just under the 2709.50-2710.50 area that should be a major area for this rally today. With some interruptions it has been a trend up move, but top of some sort possible reversing sold close to resistance

17 Apr 2018 02:16 pm
this has been a trend up they after 16.50 point gap up open and run up to the previous double top, but after taking out the high paying getting to 2609.25 and just under resistance and turning, needs to be another run up soon or risk breaking prior l

17 Apr 2018 02:17 pm
with buying coming in again at another higher low at 2704.25, is going to need to hold 2704-2703 on a test and bounce right back from there or above in order to make another move towards 2709.50-2710.50 area, or a little lower for a topping pattern

17 Apr 2018 02:20 pm
the VIX has reverse from that 14.57 low (also big extreme) it has bounce back again to 18 EMA on 5 minute chart and if it goes over 14.96 and stay over that it will have reversed, prices should go lower

17 Apr 2018 02:22 pm
you should have a short on at 2707 or better and will be holding onto this for a while, as for the ES it should keep being sold on bounce attempt down to 2702-2701 at lowest or else it gets momentum on the way to or through 2697.50 area

17 Apr 2018 02:25 pm
2702-2701 needs to hold in give a good strong bounce or could be on the way down to the 2697.50 area or more if the Dow continues its drop and takes out 24,740 area

17 Apr 2018 02:32 pm
pullback low at 2701.75 and just over prior/low at 2701.25, along with the Dow attempting a double bottom by turning up at 24,741. That level on the Dow along with 2701.50 area on the ES needs taken out to break the double bottom or else a bounce cou

17 Apr 2018 02:35 pm
the ES will need to break back under 2701.50 area and then hold under that area in order to go back under 2700. Should be an important to hold to get another run up of some kind

17 Apr 2018 02:39 pm
this needs to be a bounce high if the ES is going to go back to or through the 2701.50 area where a breakdown could occur if it's cut through easily if reached

17 Apr 2018 02:44 pm
run up didn't have a lot of gusto but if 2705.50-2705 holds this could be headed back up to the 2709.25 high and if so should go to or through 2709.50-2710.50

17 Apr 2018 02:53 pm
should see small pullback get bid back up from above 2606.50-2606 at worst if going to attempt 2709.50-2710.50 area, or very close before likely backs away. If 2606 broken, then a bounce after should also be sold

17 Apr 2018 02:56 pm
currently holding under 2708 and unless broken and takes out 2709.50-2710.50 then these bounces should keep getting sold several points and the pullback bid back up unless heading for a breakdown instead

17 Apr 2018 03:01 pm
bounce attempt from 2705 is likely going to fail to clear 2707.75 lasts swing high and come down to or through the 2605 area, and if so a chance it could keep coming to or through 2702-2701 area where the double bottom is

17 Apr 2018 03:05 pm
right now it's chopping around between 2707.75 and 2605.00 and probably should take out the high and try for the 2709.50-2710.50 area on this leg up

17 Apr 2018 03:08 pm
should be on the way to 2709.50-2710.50 or more on this move before coming back down again, although may not be all that far on a pullback attempt

17 Apr 2018 03:14 pm
made it to 2711 so far and could keep on going to or through 2712 area next, as a pullback now should hold around 2709-2708 area for this to be a top up here, at least for a while. Can keep pushing higher as long as it's held

17 Apr 2018 03:16 pm
took out resistance by 2 ticks and came right back down, but could go back up and take out the high and test 2712 or higher if this can turn around again and run up from around 2608.50-2607.50 at worst

17 Apr 2018 03:18 pm
this has been a trend up the day and unless there is a late day breakdown with the ES taking out 2608 area and holding under that, these pullbacks should keep being bought and that could last until the final 10 minutes or so of trading if this action

17 Apr 2018 03:22 pm
should have new support at 2608.50 area for the rest of the day that needs to hold, and at the moment needs to hold 2712-2711 or else could come down a bit more before a bounce again

17 Apr 2018 03:28 pm
is going to need to hold 2711 or else could come back down towards 2709.50-2708.50 area where there should be good support if the ES is going to continue getting bid back up after these pullbacks

17 Apr 2018 03:32 pm
it looks like in the last 30 minutes the ES will need to hold around 2711 otherwise could unwind a bit on the downside before any kind of bounce attempt occurs. If the 2711 area continues holding, then it could be a decent run up from there if they d

17 Apr 2018 03:33 pm
should stay in a trend up mode as long as 2711 is not broken below and then held after that. Upside may be limited, so taking out 2711 is not impossible

17 Apr 2018 03:34 pm
have a great rest of your day! I'll meet you here tomorrow morning before the open. Take care!

 

INTRADAY LOG FOR MONDAY - APRIL 16, 2018

16 Apr 2018 09:07 am
Good morning! what would we do without another huge up or down open? Almost to Friday's high which was at 80.50 and backing away from pre-open high at 78.75

16 Apr 2018 09:14 am
VIX at 17.08 and it should not go under 16.50 area bigger picture right now, or a reversal up on the VIX could be good reversal down on ES. Especially not taking out 79.50-80.50 and holding early

16 Apr 2018 09:25 am
looks like a run up from 76.50-76 area needs to take out 79.50-80.50 and stay up there or else can come back down to around 74.50-73.50 and if broken 71 needs held. Key area at 68

16 Apr 2018 09:26 am
I will update about five minutes after the open roughly

16 Apr 2018 09:33 am
pullback needs to stop at 72-71 area or higher and go up above 77 and stick in order to avoid going to or through 68 major area on pullback

16 Apr 2018 09:35 am
going to take out 68 holding under 72-73

16 Apr 2018 09:41 am
67.50 reached so far and still needs to take out 72-73 area and not turn right back down in order to attempt getting out of this bottom area for a while. 76-77 major this morning but should not be seen unless market. 64.50-6363.50 next support

16 Apr 2018 09:46 am
this move up from 66 could be a low area for a while especially getting over 72 and not turning right back down from that area. in case, a strong run up would need to go through 76-77 and not get turned around if reached

16 Apr 2018 09:50 am
backing away from 72 and going back under 69.50 area needed for further test or break of the low, otherwise could make another move higher after just a small pullback is turned up

16 Apr 2018 09:53 am
shouldn't go over 72 and stick or else make a move up towards maybe 76.25 high of the day and not stick. If 66 taken out it can keep going to or through 63.50 area

16 Apr 2018 09:55 am
stall at 72 updated resistance and rejection from 72.75 right back down started move to test low 66 low holding 66.75 so far and now a break of 66 needed if going to or through 63.50, not up to 72 area again or should be sold again

16 Apr 2018 10:02 am
need to take out the 66.50-66 area or else pullback low in place and going over 72 and needs to hold over that if going to extend upside towards 75 and possibly 79.50-80.50 resistance if it gets going with some gusto here and not reverse around 72.50

16 Apr 2018 10:08 am
bounce back to 74.75, around 75 pivotal area and still a a bit under 76.25 high of the day session and needs to bounce from around 70.50 or higher for another attempt at the high or else fail and come back down again

16 Apr 2018 10:11 am
at the moment as long as 72-71 is held the ES can avoid another drop back towards the lows, but a bounce from above could test 76.25 day session high or a little bit higher. Keep an eye on the Dow cash, must not break down much from here

16 Apr 2018 10:14 am
72.50-71.50 has been pivotal and needs to bounce from 71.50 or higher back over 76 in order to avoid a move back towards the lows or more

16 Apr 2018 10:17 am
keep an eye on the Dow cash. It needs to either take out 24,560 on top or else take out 24,490 area and be a possible breakdown of its sideways pattern. Anyhow, unless 75 resistance broken/held ES is bearish on bounce attempts to the lows or more

16 Apr 2018 10:19 am
the VIX went down to 16.69 and reversed wants and came down to 16.77 and just turned up again and going over 17.15 would make it and a sizable down move possible on ES

16 Apr 2018 10:25 am
69 held on the last pullback, the Dow cash held 10 points above its 24,490 support and turned up, now needs to take out the top side at 24,560 without turning down right away and ES take out tops at 75.50 and 76.25 high of the day session

16 Apr 2018 10:29 am
should see any kind of pullback now be bought as long as the 72 area is held

16 Apr 2018 10:34 am
should hold around 74.50-74 area and turn up or else could be back to the 72 or lower instead

16 Apr 2018 10:40 am
going to need to continue holding 74 or else could began topping out

16 Apr 2018 10:43 am
should be a top now on one more pop-up, and then a top especially taking out 74 and not turning right up again with gusto

16 Apr 2018 10:47 am
should be a top in for a while now what bounces sold around the high at the highest or a token higher high would be sold if that happened but should make a push lower after pausing

16 Apr 2018 10:51 am
could be a bounce attempt from 70-69 but if not then breaking the last swing low and should be headed to test or break through the 67-66 area before a bounce attempt

16 Apr 2018 10:54 am
stretched at the top and a good top in place for a while as long as 72.50-73 area is not taken out and able to hold very long. if broken it only should be by a tiny amount and turned down from 74.50 if it's heading down again

16 Apr 2018 11:00 am
has to drop from the 75 area and takes out 72 area again if going to go down and take out 70-69 area

16 Apr 2018 11:08 am
24,530 on the Dow cash and then 24,500 need broken to break its sideways/higher support, and take out 24,592 on the upside if it's going to continue. Still have 76.25-77 tops, but 70-69 needs broken for it to reverse it's sideways/higher move it appe

16 Apr 2018 11:11 am
a few quick drops from the 75.50-76 area aside from the open and unless taken out and held it looks like it still a top and now about 4-5 of them from 75.50 77 to get through or breakdown likely

16 Apr 2018 11:11 am
will need to bounce again from around 72-71 at worst

16 Apr 2018 11:14 am
you can load up on the short side with a stop at 78 which should not be seen if this is going to have an eventual break under the bottom of the sideways channel now at 70-69 on the 5 minute chart, better yet if 66 below is broken and not immediately

16 Apr 2018 11:15 am
the NQ much weaker and made a double top with a lower high on its retests of the high and at a new low right now, ES should have some added pressure with NQ week

16 Apr 2018 11:18 am
all of the bounces failing so far, which has been happening a lot lately however currently still holding 69 to give it another bounce to be sold. Further breakdown if the Dow drops back to or through the 24,500 also

16 Apr 2018 11:20 am
it's really going to be hard for the ES to hold up, as the VIX is dropping quickly on bounces and made a lower low at 16.62 (~16.50-15.50 new major "support" there now) and should go much lower as it's already at overly bullish extreme on daily basis

16 Apr 2018 11:22 am
a chance this could go back to the high area one more time, but likely will fail a little bit under on this first run up and turned down from 74 area

16 Apr 2018 11:23 am
need to come down from that 74.25 bounce high and take out 71.50 if going back towards the lows again instead of the high area which is less likely right now

16 Apr 2018 11:33 am
still in a range between 77 and 69 and should be sold with another pop-up fails around 75 or another pullback gets turned up from 70.50-70 or else could be a break of the range

16 Apr 2018 11:39 am
24,518 area on the Dow cash is its last's little swing low as it goes sideways with the ES and should hold if another small pullback, but if broken then 24,500 could be potential breakdown area there. ES back to 76, and 71.50 it's equivalent pullback

16 Apr 2018 11:43 am
pullback again to 72 and now another pop-up as the 75.25-76.25 area has been a lid on top that needs popped up through in order to avoid bottom of the range

16 Apr 2018 11:51 am
holding around the middle of this range at 71.50 area and now pivotal and needs to continue if going to go higher instead of a lower

16 Apr 2018 11:53 am
a break under that would turn it negative and instead of a choppy sideways/higher pattern with some quick little moves in both directions

16 Apr 2018 11:58 am
quick turn up from 71.25. A move over 75 area able to hold around their on a dip may be the start of trying to extend this to the upside and take out 77 without turning right back down. Hasn't been able to numerous times, could get short covering mov

16 Apr 2018 12:02 pm
shorts covering and ES should stay strong unless it goes back under 75 area and hold under there instead of turning up from there or just below at 74 area should be the lowest if going back up again and not a possible reversal back down again

16 Apr 2018 12:04 pm
getting the short covering run up and 79.50-80.50 will be the key area to go through again and then a shot at the 84-85 area if it's not reverse from that area or just below or above if it goes that far

16 Apr 2018 12:09 pm
there will need to be a bounce from around the 75 area and make another move higher or else could keep going a bit further and possibly back to the lower end of the range it was an at worst

16 Apr 2018 12:10 pm
I will be on lunch break until around 1:10-1:15 but will update as soon as I am free if an update is necessary

16 Apr 2018 12:29 pm
short under 79.50

16 Apr 2018 12:31 pm
75 need broken held soon

16 Apr 2018 12:38 pm
backed away from 78 after stalling between there and 77 for 2 1/2 minutes before breaking down for a good short under 79.50 and just took out 75 and needs to gain some momentum and take out 71.50-71 in order to get a bigger breakdown and not just a p

16 Apr 2018 01:00 pm
79.50-80.50 taken out and after a tiny dip turned back up and ran up to the 84.50-85 area and backing away so far.now needs to hold 80.50-79.50 at the lowest for this to keep on going through 85 and higher some sort of pullback, if it doesn't go too

16 Apr 2018 01:04 pm
85.25 high 1 tick over the 84.50-85 resistance so far and still needs to hold 80.50 but 82 area is above that that is more important right now. Needs to hold or else could come down through 80.50-79.50 and may not look good if a bounce after breaking

16 Apr 2018 01:11 pm
and area from what was a gap area on the cash index on the way down that is up around 94.50-95.50 on the cash index, and slightly higher on the ES, which is the next major area after 91.50-92.50 area if reached and not rejected. Should be hard gettin

16 Apr 2018 01:14 pm
86.75 high so far and currently holding the 9 and mostly 18 EMA on 1 minute chart and should be a trend and guide until broken

16 Apr 2018 01:15 pm
for new e-book buyers around page 76 or 78, somewhere around there

16 Apr 2018 01:21 pm
I still haven't taken a break except for about 15 minutes with the market being active and then the breakout over 79.50-80.50, and still have a few things to do so will update and just a bit. Should be bid back up if there is a pullback that holds 82

16 Apr 2018 01:22 pm
Currently right at 18 EMA on 1 minute chart and break current uptrend on that if this goes a bit lower and then opens the door for a pullback. Update and just a bit

16 Apr 2018 01:41 pm
88 reads and as long as a pullback from that level holds around 85-84 and get turned up then the door stays open for this to get to the 91.50-92.50 area. Has to keep nudging higher and not lose its momentum

16 Apr 2018 01:52 pm
the ES just backed away from 87 for a second time and could be a double top in place for a move down to 79.50 area again if this is not just say small pullback but instead has a change of direction by taking out 84 and holding 85 at best instead of t

16 Apr 2018 02:04 pm
again that ES is not liking it at 86 and holding now with the double top at 87 and is looking like a top the way the Dow has come down from its high and should be selling into bounce attempts and more pullback coming

16 Apr 2018 02:09 pm
heading to test were break the 80.50-79.50 area and if that's cut through bigger pullback underway with 74 area major to hold

16 Apr 2018 02:11 pm
just turned up from above 80.50 at 81.00, and should come back down from 84.50-85 area at the most it looks to just be a bounce and heading back down again

16 Apr 2018 02:21 pm
now getting bounces that are failing cents topping out at 87 and then again getting hit that 86.25 and as long as this keeps heading down it should test or break through 80.50-79.50 area, and breaking through would mean bigger pullback underway

16 Apr 2018 02:25 pm
also keep an eye on the Dow cash around 24,591-24,587 area as there needs to be a good bounce from around that zone for it to avoid further downside from its double top also. Another pop-up failed on the ES and needs to break through 80.50-79.50 soon

16 Apr 2018 02:30 pm
Spike down to 78.75 quickly turned up but need to keep going over 82 area without turning right back down again making another failed bounce attempt and possibly going through 79.50 and holding under 80.50 if there is going to be a bigger pullback un

16 Apr 2018 02:34 pm
going to be a bounce back to a lower high and should have trouble getting through 84.50-85.50 area and staying up there, or else there is a chance for a higher high in that case. Will take some work, not likely to happen normally but turned from nowh

16 Apr 2018 02:37 pm
every single pullback has been bought lately, but there are really well-defined double tops on both the ES and on the Dow cash today, 87-88 being a minor resistance not listed, which should be hard to break through.

16 Apr 2018 02:44 pm
turning down from the 84.50 updated bounce resistance and after the stall this needs to keep going down through 82 with some momentum if it's going to keep going to the 80.50-79.54 lower again

16 Apr 2018 02:52 pm
quickly turned up from 81.75 and shouldn't down there again or else will likely keep going to 80.50-79.50 area at a minimum. Need a move above 84.50 and order to attempt the high area and not go back down to or through 81.75 last quic swing lowk

16 Apr 2018 02:55 pm
the VIX dropped all the way to 16.40 before turning up so far today. Bottom and up turned coincided with 1:50 PM top, on its way up reaching 16.78 only so far. Lots of room to head down with sentiment this complacent

16 Apr 2018 02:59 pm
as stretched as this market is currently, even if a double bottom attempt is made here from around the 80.50-79.50 area, it should be either cut right through or only a feeble bounce before going through that area and if so back towards 76.50-76 area

16 Apr 2018 03:05 pm
pullbacks are still holding and being bought but this needs to be strong enough to take out 84-84.50 and not get turned right back down

16 Apr 2018 03:07 pm
stopping just under right now and needs to take out the lows at 80.25-78.75 area below

16 Apr 2018 03:16 pm
feeble bounce attempts and not strong to get over 82 area and now unless that is taken out and held the ES will stay under pressure to take out 80.50-79.50 and keep going if no sign of a turn

16 Apr 2018 03:21 pm
double tops are going to be an important short-term tops across-the-board today and should be in the middle of one of those 18-22 point pullbacks or more as long as they are held below and there is not a strong and of the day rally back above 84.50.

16 Apr 2018 03:24 pm
with the obvious tops in place and breaking down, if you are not short for what could be one of those decent sized drops which would be around 69-65 or more on the downside, should be getting selling on a bounce holding at or under 79.50-80.50 area

16 Apr 2018 03:31 pm
bounce off of 76.25 just 1 tick under updated support/target at 76.50 and will need to keep going over 82-83 area in order to keep bounces failing. If that is taken out then 84-84.50 is the major area to get over at the end of the day

16 Apr 2018 03:34 pm
a bounce to 82 would be equal to the last bounce from 78.25 up to 84.50 happening over about 10 minutes like this move, so must hold under 82 in order to get another pullback of some sort, or else break through and on its way to or through 84.50 then

16 Apr 2018 03:35 pm
have a great rest of your day! I'll update this evening and then may choose here tomorrow. Until then take care!

 

INTRADAY LOG FOR FRIDAY - APRIL 13, 2018

13 Apr 2018 09:13 am
good morning. this early run up should have a hard time holding on the first push higher but not after a backup

13 Apr 2018 09:21 am
I will update a little bit after the open

13 Apr 2018 09:25 am
if this is able to take out 79.50 and only have a small pullback after that then the upside could continue but if not then it is a bearish signal and could end up being a top up around 79.50

13 Apr 2018 09:32 am
should be a high on another pop-up if it's not already in place for a while anyhow

13 Apr 2018 09:35 am
should come down at least reach 75 and fill the gap

13 Apr 2018 09:43 am
the gap at 75 was filled and now needs to go back up through 79.50-80 and not turn right back down. Or take out 74-73 and only go to around the 71 area or breaking down

13 Apr 2018 09:49 am
71.50-70.50 area needs held and turned up with gusto or else another leg down

13 Apr 2018 09:52 am
bounces should keep failing holding under 76 area now and 70.75-70.25 would need held or else continue going to or through 68-67

13 Apr 2018 09:56 am
70.75-70.25 area needs held or keep going to work through 68-67. Pressure Cιzanne under 73 right now

13 Apr 2018 09:58 am
70.25 low so far but needs to get over 73-74 or else the pressure stays on the downside to or through 68-67

13 Apr 2018 10:06 am
pop up held under 73 and just went through 68-67 by 1 tick but may not be finished going down if this holds under 70-71 at the most on a bounce – has to break and hold over that to try getting something going on the upside further

13 Apr 2018 10:08 am
still in a downtrend on the 1 minute chart with it holding under the dynamic resistance there and still needs to get over 70 and stick or downtrend intact

13 Apr 2018 10:11 am
if this doesn't hold the 64 close from yesterday then 62 late pullback low area yesterday can be tested or broken through also, possibly reversal attempt but Dow and strong downtrend also

13 Apr 2018 10:14 am
went just under yesterday's last hour low and quickly turned up and there should be a bounce from this area but not pass the 68 area if it's going to stay in a downtrend

13 Apr 2018 10:19 am
should be an important area at 67 that needs to hold or else potential right back towards the lows

13 Apr 2018 10:25 am
a break of 67 down to just 64.75 and needs to take out 70 and then hold 68 at worst and turn up quickly if reached. Or break under 64 if going to test or break the low area

13 Apr 2018 10:27 am
taking out lows across-the-board and the ES needs to bounce from 55 area or else bigger problems

13 Apr 2018 10:35 am
55 key area has been reached and bounced off of, and needs to go up over 62 with some gusto it looks like or else another leg down should still be in the works

13 Apr 2018 10:43 am
still cannot get over 62 and hold five pullbacks are holding above 55 so far and a 25.50 points pullback, could go 31+ points if they break under 55 and not turn right back up. At the moment basing out just over 55

13 Apr 2018 10:47 am
has to get over 61-62 and hold very soon or else risk a breakdown under 55 first major area for today

13 Apr 2018 10:49 am
need to keep going over 64 or else another pullback of some sort, likely testing 61.50-61 area and would need to hold there and turned up again

13 Apr 2018 10:53 am
can't get to 64 and needs to hold 60.50-60 area otherwise could get hit with some selling again

13 Apr 2018 10:54 am
as to have a good bounce from 60-59.54 go towards the lows

13 Apr 2018 10:58 am
bounces still failing and can be headed back towards the 55 area again which must hold in order to avoid a bigger breakdown today.would need to bounce over 64 to change that

13 Apr 2018 11:01 am
took out 55 and currently holding under that area on the way to or through 47-46 area as the next big area to hold it looks

13 Apr 2018 11:07 am
another push lower held so far at the 51 level and needs to at least get back above 55-56 and be able to hold on a small pullback after that and turn up again

13 Apr 2018 11:11 am
bounce from 51 reached 58 so far and should only have a small pullback hold 56 if this is going to try getting above the 63 area again. Possible breakdown if 56 broken and not quickly turned up

13 Apr 2018 11:16 am
quick turn up from 56 keeping this out of trouble at the moment but needs to go over 60 with some gusto and especially 62 or else still is a bit vulnerable for another push lower

13 Apr 2018 11:24 am
pullbacks holding 56 still and should get a move to the 62 area if it's going to try moving on up again and not fail at that area

13 Apr 2018 11:28 am
so far made it to 62.75 and holding 61.50 at the moment and if 60 can hold on another push higher can happen and the 64.50 area is about 50% retracement and middle of the range and just over yesterday's close

13 Apr 2018 11:33 am
63 was a bounce high before another move lower on the way down and as long as 60.50 continues holding this can go of through that area towards the 64.50 area roughly and either back away or go right through that area, depends on either stalling or re

13 Apr 2018 11:36 am
29.50 points dropped from the top and a 12 point bounce so far, not quite halfway back up and need to hold and spring up from 60.50-59.50 area or higher for a chance of getting up there

13 Apr 2018 11:39 am
backing off quickly from just under 64 and took out 60.50-59.50 and should keep going to or through 58-57. If 56 is taken out than any kind of bounce after should be sold again

13 Apr 2018 11:44 am
pullback and up turn from 58 will keep this out of trouble right now but has to go up through 64 otherwise a failed bounce attempt and should come back down and go through 58 and likely 56 or more

13 Apr 2018 11:50 am
63 needs taken out or else could be a bigger pullback underway but if broken and then the 64.50-65 area should be tested and could be pivotal area if reached. Yesterday's close at 64 holding this down right now

13 Apr 2018 11:59 am
pullbacks continue being bought and would likely make it to the 64.50-65 area as long as the next pullback holds above 57.50 area but it should be from higher at 62-61 area

13 Apr 2018 12:03 pm
any pullback should hold above 57.50 now in order to keep this from a reversal attempt and a move back over 70 and especially 72 that holds needed to challenge the high, which not likely.

13 Apr 2018 12:03 pm
Should have another pullback of some sort either hold or breakdown and hold under 62.50-62 and then 57.50 and order to reverse this.

13 Apr 2018 12:07 pm
stalling out and 62.25-61.50 a small support to hold to keep this strong and not be topping here for some kind of pullback, even if it doesn't go very far

13 Apr 2018 12:10 pm
decent drop from 65.75 bounce high and a break back under 57.50-57 area should mean that a bounce follows should be sold also. Keep an eye on 24,385 on the Dow cash, that needs held also or else it gets more bearish as it made its bounce high at a lo

13 Apr 2018 12:13 pm
I'm going to be on break until around 1:10-1:15 but will update when I am free and it's necessary. It should be a short on a bounce attempt that stalls, and should get a pop up bounce attempt of some sort from 67-66 which must hold

13 Apr 2018 12:49 pm
about to break the 57 area and if it does and not snap right back up like it has been but instead takes that out with a push lower and holds under 57-58, then breakdown to test or break 52-51 or lower could happen. 61 needs taken out/held to get one

13 Apr 2018 12:52 pm
well, another slingshot from 57.50 and 1 tick above the bottom of this range so unless that is broken through and held, or a run up takes out 65-66 and holds, then we could have a breakout

13 Apr 2018 01:19 pm
pullbacks continue being bought and this range with 3 lows at the 58-57.25 area on bottom and currently just made a third top at the 65-65.75 top of this range, and should be a move over that but would need to hold otherwise another failure and pullb

13 Apr 2018 01:24 pm
will need to immediately turned down and take out 63 now or else uptrend continues to or around 68-69 area next, if it does not go right through 66-67 maximum without reversal

13 Apr 2018 01:30 pm
should hold at or above 66-65 now on a pullback from 68 which is just under 68.50 updated resistance. It's 68.50 and then the 70 area that needs cleared and held above instead of reversed up there

13 Apr 2018 01:38 pm
pullback turning up at 64 and now should have trouble getting over 68 without getting turned back down again and should not reach 69-70 on this move but had lower from up here soon

13 Apr 2018 01:44 pm
this could be a bounce high at 67.75 and if so should come down soon through 66 to get going towards 64 or more

13 Apr 2018 01:48 pm
well, it even looks like that ES may avoid a quick drop from higher levels around a prior high like yesterday unless it starts in the next minute or two. There some pressure on holding under 68 area. One more run up still should have trouble taking o

13 Apr 2018 01:53 pm
this should be the start of a rollover or pullback to the 64 area in the next few minutes otherwise this holding over 65-64 keeps this in a sideways/up trend still for now

13 Apr 2018 01:55 pm
we had quick drops after bounce highs at 10:20, 10:50, 11:35, noon, 12:30, and 1:20. Although the volatility has dried up some and they haven't been huge moves, they didn't come quick. If that doesn't continue like it should up here soon, things coul

13 Apr 2018 01:57 pm
whatever the case, right now it looks like unless 67.50-68 is taken out we have a high in place and coming down even if not at a very quick move this time

13 Apr 2018 01:57 pm
64-63 target area and could go further if taken out and not turn right back up

13 Apr 2018 02:00 pm
new range, top should be in place so at least for a while. 68 and 64 levels and should take out 64 before taking out 68

13 Apr 2018 02:05 pm
should have a high in place until around 2:20-2:40 timeframe, and have a pullback or sell off down to around the 63-62 area – 63 key area earlier now the middle of the range from 57.50 low and 68 high

13 Apr 2018 02:15 pm
oh if there is another pop-up that reverses 66 sell it but probably not going to happen again as this should be making a move to or through 63-62 or more

13 Apr 2018 02:17 pm
the VIX also reversed before prices at 1:35 PM for a heads up, it's very good most days like this at extremes, and should be an important top and now for today. Bounce from this zone a must but fail again

13 Apr 2018 02:25 pm
the last two days I recommended entering some put options around average price on the ES around 64. Options would have some time decay and implied volatility, but in any case holding these unless it looks like there's going to be a close over 70, oth

13 Apr 2018 02:27 pm
I have a repair person coming at 3 PM, a move the appointment up somehow, so I need to leave in about 20 minutes. This is top-heavy and should be shorted on bounces down to or through the 58.50-57.50 area if a move under 61 not turn right back up aga

13 Apr 2018 02:28 pm
just turned up from 61. Saves this for now, has to at least go back over 64 prior low area with some gusto or another leg down

13 Apr 2018 02:28 pm
back in a few minutes
13 Apr 2018 02:38 pm
apologies but I am going to need to be a way for a while at least, maybe the rest of the day I can't say for certain. All I will do is try to update if I have a chance before 3 PM. Very choppy two-sided action with quick ways now, need to be a breakd

13 Apr 2018 03:11 pm
I am here for the next 15 minutes, and that ES made it down to a new low at 50.25 and bouncing a bit. There should be some worries about Syria over the weekend, but doesn't look all that worried right now. There is a chance for a bigger drop if the E

13 Apr 2018 03:12 pm
at least would need to hold under 54.50-55.50 area without getting turned back down or or it might have a shot at the 57.50-58 area after that

13 Apr 2018 03:14 pm
55.75 bounce high, and unless 55.50 taken out and held above instead of reversed the pressure stays on to pullback to 52.50 or keep going to a token lower low or more around 48-47

13 Apr 2018 03:20 pm
with the weekend being a wildcard you might want to take off 1/2 of your short position at 47 or better for about +17-18 points or more on this move, or keep a stop at 54 which shouldn't be reached if going to get hit harder before closing and cover

13 Apr 2018 03:24 pm
so far the bounce high turned down at 1:30 PM and stayed choppy until rolling over starting around 2:35 PM and a good push lower started just after 3:10 , should turned down again from 50-50.50 at highest to keep another push lower in the cards

13 Apr 2018 03:25 pm
I need to call it a week. I will update on Sunday, but this selling shouldn't be over just yet. Anyway have a great weekend. Update on Sunday and then I'll meet you here Monday morning

 

INTRADAY LOG FOR THURSDAY - APRIL 12, 2018

12 Apr 2018 09:05 am
Good morning! well, after closing on the lows yesterday, no follow-through again and instead a decent sized move in the opposite direction on the open as usual

12 Apr 2018 09:12 am
ES on its high now and probably will need to hold around 55-54.25 at worst or could go down to or through 51

12 Apr 2018 09:24 am
should hold 57 now, not even see the 55-54 area today or else could be in a little bit trouble if held below

12 Apr 2018 09:26 am
yesterday there were sharp drops and then rebound pretty fast also in very erratic trading. So need to have a quick drop get bid back up right away around 57

12 Apr 2018 09:27 am
otherwise they actually could/should go down to the 55-54 area

12 Apr 2018 09:36 am
bounce off of 55 with gusto must hold 59-58 area and take out 61.50 area on the way towards 66-67 or else rollover from around 61-62

12 Apr 2018 09:39 am
61 resistance sold and a bounce attempt from 57 needs to get through 61-62 or else a further drop to or through 55-54 possibly

12 Apr 2018 09:43 am
turned up from 56.25, reaching 62 resistance and should hold 60-59 at worst and go up if headed up towards 66

12 Apr 2018 09:43 am
or trying to

12 Apr 2018 09:49 am
66-67 area reached and if no turn here then a shot at major area at the 72-72.50 zone another quick 5-6 points higher

12 Apr 2018 10:04 am
sorry I got called away, the ES just back away from 70 and if just a small pullback should take out the 72.50 area next. If it does, beware as it may be reversed and come down hard.

12 Apr 2018 10:05 am
a pullback should not go under 67.50 without turning right back up or else it could come down to around 64 where it would be a key area to bounce from or else top could be in

12 Apr 2018 10:12 am
just rejected the high and the 66.50 area needs to give a bounce or else come down to or through the 63.50 area which would leave a top in place, at least for a while if not an important one

12 Apr 2018 10:18 am
another run up and another small pullback has to hold around the 64.50-63.50 area at worst in order to go up to or through 72-72.50 area. Has to go through with gusto so that it can hold afterwards as new support

12 Apr 2018 10:21 am
should try for the 71.50-72.50 prior swing high area and if unable to go through with momentum to stick, could get reversal of 5-6 points before bounce attempt

12 Apr 2018 10:21 am
the update in about 10 minutes. It could be a top at resistance for a while

12 Apr 2018 10:25 am
needs to get through 72.50 and only have a small pullback hold 70 at worst, have not cleared then another top up here could have a decent sized pullback possible

12 Apr 2018 10:28 am
should be a high again for a while here and especially if 66-65 is broken through and not immediately turned up with good momentum

12 Apr 2018 10:30 am
trying to bounce from 67.50 and should fail and have further breakdown towards 66-65 that must hold or else going under 63.50 area would likely mean a top in place

12 Apr 2018 10:35 am
pretty good roll over off of the 71.50 major resistance, but still needs to go under 65 and not get turned right back up again or a chance to bounce back towards 68.50, and if that is taken out then back up towards the high possible. Pressure on unde

12 Apr 2018 10:42 am
turned down from 69.50 and and reached 65.25 so far and still needs to take out 65-64 in order to get further breakdown that goes to or through 61.50-61 area or more

12 Apr 2018 10:45 am
bounce from 64.25 and about as far as a pullback can go or else any kind of bounce after that should begin to fail. Need to get the Dow cash to take out 24,455 along with ES another push lower under 63.50 without quick reversals back up again

12 Apr 2018 10:47 am
breaking down harder now and if the 61 area does not hold then 58 area is next

12 Apr 2018 10:49 am
bouncing from 61.25 minor updated support and a bounce needs to take out 67 and hold on a small pullback and go up again or just keep going, but shouldn't make it past 71-72

12 Apr 2018 10:56 am
still needs to take out 67. Low was at 61.25 prior resistance, next is 59 and then 55 prior major resistance early is also low of the day and also is 50% retracement from yesterday's 38.75 last hour low.

12 Apr 2018 10:59 am
bounces still not sticking but bounce from a higher low so far and should keep coming down through 61 and then 59 in order to get further breakdown going

12 Apr 2018 11:03 am
buyers coming in again on days pullbacks again at 62.50 but they have been run up quickly and then not sticking like yesterday so far, so should be easier to short the bounces as soon as upside stalls or shows rejection

12 Apr 2018 11:08 am
other failed bounce attempt and back down to the 62.50 area a third time and needs to go up through the 66.50 level and state up there in order to have a low-end here for a potential move back up towards 71.50-72.50

12 Apr 2018 11:15 am
66.50 is going to be the bounce resistance that needs cleared and held if going to get back up to the 71.50-72.50 area and not leave that as a top

12 Apr 2018 11:16 am
to have a chance of going through 66.50 area another small pullback should hold 65 at the worst and turn right back up again and would need to do that was some gusto to break through/hold

12 Apr 2018 11:26 am
right now it looks like the ES should hold over the 68-67 area if going to reach the 71.50-72.50 area and should go under that and stick or else current uptrend could be breaking instead before or after a move up to resistance

12 Apr 2018 11:29 am
should be a top-end now and in a bounce sold into. If not and a move over 71 again can stick, could go a bit higher and then come back down to slice through 70 area

12 Apr 2018 11:33 am
quick reversal up from 66.50 is keeping this from a deeper pullback right now and still a shot at the high at resistance or around that area, a little bit below would be a 123 top if reversed. Should hold 66.50-65.50 at worst

12 Apr 2018 11:39 am
failure 1.50 points under the high at 70 and if it wants to go back up and take out 70 and try for the 72.50 area then it should not go any further than that 65 level otherwise there is a shot at breaking under 62.50 area and possible reversal. Not e

12 Apr 2018 11:50 am
should be a top in place but with the Dow still moving sideways ES needs to go under 62.50-61.50 and then hold under 64-65 on a bounce and turned down at highest to keep pressure on

12 Apr 2018 11:52 am
bounces should be sold with this already have a tops that 71.50 and 70 that were both quickly turned down after being touched

12 Apr 2018 11:54 am
should have a bounce fail at or below 65

12 Apr 2018 12:00 pm
if 65 is reached then probably needs to either turn right back down or else keep on going up to 66.50 area and then a chance to back away and try to hold 65 if it does, or else back down to 61-60 or more

12 Apr 2018 12:07 pm
not sure where this is going to stop at right now but probably not over 67 without a pullback first and now that needs to hold around 64 at worst if it's going to try going higher and not reverse back down towards the 61-60 area again. Back in a few

12 Apr 2018 12:19 pm
turning down again after stalling out in this range with the high at 66.50 which should be a key area to clear and hold for the ES to make it to the 72 area to date again. However with that major area so close and already having been tested, a short

12 Apr 2018 12:19 pm
sideways to higher in this range between 60 and 70 at the moment

12 Apr 2018 12:20 pm
I need to be away until around 1:15-1:20 but will update ASAP if necessary. I could be caught up on a phone call some time this afternoon, just not sure when.

12 Apr 2018 12:46 pm
hasn't been a big enough of a pullback to have proof of any kind of top, but so far each time the ES has come up to around 70 or just above (did at 10:00 and 10:10, the high, and 69.50 rejected 5 minutes ago) and need to go over 70 and be able to sta

12 Apr 2018 12:49 pm
if this follows the Dow then it should be on its way to test or break its high unless it comes back down through 68.50, not hold 70 area

12 Apr 2018 12:52 pm
should keep pushing higher and would take a move back under 67 area in order to break this uptrend and possibly leaving 71.50-72.50 area as a top if not broken through soon only if 69 then 67 broken

12 Apr 2018 12:55 pm
reversal at 72.75 and now that high is what needs to be taken out and then hold 72 area after that and quickly turn up or pick up momentum as a top could be in place holding under 69 and then 67 especially

12 Apr 2018 01:11 pm
just got hit again from 72 and a quick bounce will need to stick or else another move under 65.56 under pressure for bounces to keep failing. It still a good time for put options as stated earlier for a potential to set drop not too far down the road

12 Apr 2018 01:18 pm
should see all bounces fail under the high now. Bigger picture double top at the moment, and intraday double top in place. Just need to have the Dow cash continue selling off and take out 24,442 area, and the ES under 61-60 area

12 Apr 2018 01:25 pm
so far reached 61.75 and must bounce from 61.50-60.25 if going to have a shot of a better bounce before getting sold off again at or below the 72 area. Could get momentum going through that zone and head down to or through the 56-55 area

12 Apr 2018 01:27 pm
24,442 on the Dow cash is just 20 points below and should be headed to that area if this keeps going and then keep going to the 56-55 area or lower.

12 Apr 2018 01:28 pm
could be quite a bit lower if there's no sign of a turn around the 55 area or only a feeble bounce

12 Apr 2018 01:31 pm
you should have some sort of short position on from yesterday around 54 and today around 69-71 area maybe you caught the top. That is a keeper until at least tomorrow sometime. Right now reached 55.75, a bounce should have trouble at 62-63 on the fir

12 Apr 2018 01:33 pm
should be the 61-62 area that's hard to get through

12 Apr 2018 01:34 pm
and hold on this first bounce attempt, and a pullback to test the low after if a pullback does come from that zone

12 Apr 2018 01:37 pm
a bit stronger than anticipated but should pullback from 64.50 if there is going to be one go to a higher low on this move and bounce back again

12 Apr 2018 01:50 pm
went down to 60.75, and currently holding prior low area which was at 60.25 and needs to go back under that in order to head back to 55.75-54.50 zone which would be a key support on a pullback. met 50% retracement from yesterday's last hour low to to

12 Apr 2018 01:51 pm
double top in a double bottom and at the moment looks more likely to test were break the double bottom instead of take out the 72-72.50 again

12 Apr 2018 01:53 pm
however the market has had a good bid lately and right now is looking under pressure under 66 and support at 62-61 needs broken through soon here if it's going to

12 Apr 2018 01:59 pm
pressure say that now holding under 62.50-63.50 area, if going to bea push lower and not another decent bounce

12 Apr 2018 02:03 pm
this move should hold over 55.75 and a decent bounce might have already started but needs to go up over 66 where it could be reversed from again

12 Apr 2018 02:08 pm
has to get over 64-65 area soon or else could end up turning down instead and making another higher low over 55.75 instead. A little run up could go to 68.50 area

12 Apr 2018 02:14 pm
could be working its way towards 68.50, minor area around 66.50 first to go avoid rolling over from

12 Apr 2018 02:16 pm
pullback should hold 66 area and push higher now. Not come back down through that area or could be a reversal of some sort instead of pushing on up towards 68-68.50 possibly

12 Apr 2018 02:20 pm
68.50 area in order to get another little pop-up into the 71-72 area but shouldn't get above 72 and hold very long unless getting a breakout and would open the door for a move towards 78.50-79.50

12 Apr 2018 02:23 pm
at this goes back up to around 71.50-72.75 area on a run up a third time,it should either keep on going parabolic, or another stall or rejection and quick drop possible. more possible for a pullback at least

12 Apr 2018 02:28 pm
going sideways at the 70 level and should take that out and hold if there's going to be a breakout and not a pullback of some sort began soon if this falls out one more minute or turns down

12 Apr 2018 02:30 pm
68.50 could turned out to be pivotal

12 Apr 2018 02:30 pm
should hold to keep pushing over 70 and stick

12 Apr 2018 02:31 pm
turning down from 70.50 and should be under pressure holding under that level from up here

12 Apr 2018 02:37 pm
should be a pullback test the 68 area or more area and could bounce from around 65.50 at worst if it goes that far and bounce from there to avoid a bigger pullback or late drop

12 Apr 2018 02:40 pm
pullback bouncing from 66.25 and needs to keep going through at least 68.50-69 or else could roll over again instead of running up over 70.50

12 Apr 2018 02:45 pm
going to need to take out the 66 area and not get turned right back up, otherwise this has a shot at taking out the 70 area again and possibly holding. If broken though, there could be some downside momentum coming with a breakdown again

12 Apr 2018 02:49 pm
repetitively backing away from 70.50 or a little higher or lower today, it's going to be even more important to break on Friday. Still, if there is going to be a decent breakdown this should be that area it comes from. Otherwise, a shot at the 79.50

12 Apr 2018 02:54 pm
a quick reversal up from 63.75 as buyers, or quick to cover shorts, keep coming in on every small pullbacks today except for one decent 17 point drop. Can pullback a bit from up here but should bounce right back especially holding 65.50 area it appea

12 Apr 2018 03:00 pm
we have had a back and forth day and should be headed to at least 70.50 and could be 72-73 on this move and either backed away or else go right on through this time

12 Apr 2018 03:07 pm
coming down yet another time from 71 this time and should hold around the 67-66 area if there is going to be another bounce over 70 instead of Long's giving up and beginning to hold back harder

12 Apr 2018 03:10 pm
quick upturn from 66 but shouldn't take out 70 and stick very long if it gets that far as this could end up taking that area out and the 63-62 or a tiny bit lower would need to hold. Taking out the 60 area could end up breaking this down towards the

12 Apr 2018 03:12 pm
I need to cut out a little bit early today. But all pullbacks have been bought and so far 66 bottom of updated support has held, and has to take out 66 and not turn right back up in order to get a late day pullback of some sort. Stays open to keep po

12 Apr 2018 03:13 pm
right now it's looking like the Dow cash should hold 24,506 and the ES hold 66 in order to keep from a move that could go back to or through 64 on the ES before another run up

12 Apr 2018 03:15 pm
expect another pullback to be bought with the Dow still firming up. I will update this evening and then meets you here in the morning. A move over the highs has resistance next up at the 78.50-79.50 zone – last major zone or else could be a bigger

 

INTRADAY LOG FOR WEDNESDAY - APRIL 11, 2018

11 Apr 2018 09:15 am
good morning. Another day and another huge opening. It looks like getting over 34-35 is going to be needed to get anything going on the upside early

11 Apr 2018 09:19 am
if there is a break and hold over 34-35 then any move up to the 44 area should be pivotal

11 Apr 2018 09:25 am
35-34 support should hold and probably must hold or at least pop right back up if broken, not break and hold under 35-34, to keep this from trouble. It was yesterday's quick drop low at 35 just before 12:30

11 Apr 2018 09:27 am
update about five minutes after the open and then meets you online around 10:20 roughly

11 Apr 2018 09:32 am
can be a top around 42-43 but needs to come down under 40-39 and not turn up in order to attempt turning this down

11 Apr 2018 09:35 am
coming back down under 40 without turning right back up could mean that a top is in or at least the next bounce should fail. In case of a run up the 47.50 area would need to be taken out/held.

11 Apr 2018 09:37 am
turned up from 39.75, still has to take out 40 and not get turned right back up. Could go to 46.50-47.50 or a little more before any turn

11 Apr 2018 09:38 am
I will meet you online and just a little bit

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

11 Apr 2018 12:03 pm
the ES rallied from the open and made it to 54.75 which was 1 tick under yesterday's close before dropping down to 40.25 in under 20 minutes and rallied back to make a new high, and needs to keep holding 53-52 area in order to avoid break of current

11 Apr 2018 12:11 pm
needs to keep holding 57 area in order to push over 60 again up to 62 or higher with no quick reversal

11 Apr 2018 12:14 pm
only a token higher high so far but if just a small pullback again doesn't go down under 58 area without turning up then still could make one more pop-up but looking a bit top-heavy here

11 Apr 2018 12:15 pm
a short if one more pop up. A token higher high would be sold and should be decent pullback. Probably made that kind of high already

11 Apr 2018 12:18 pm
57 still holding and could be a pivotal area as there needs to be a higher high made now, which should be sold into four at least a pullback similar to this one. If 57 broken then bounces should fail and pullback to or through 53-52 area

11 Apr 2018 12:19 pm
or lower. If that is taken out then 48-47 would need to hold in order to avoid what could be a reversal of the whole move or at least 75%

11 Apr 2018 12:20 pm
I will be our away until around 1:15 for break time and will update if necessary and I'm not tied up on a phone call ASAP

11 Apr 2018 12:54 pm
the ES broke down again and asked to bounce from the 47.50 area otherwise keep going through 46-45 and possibly to or through 41 area again

11 Apr 2018 12:55 pm
would need to hold right here at 48.50 otherwise the bigger pullback

11 Apr 2018 01:14 pm
only a feeble bounce that stalled before rolling over again and should keep on coming to or through 47.50-46.50 area which should be pivotal this afternoon and going under that and staying under 55 area keeps this bearish

11 Apr 2018 01:18 pm
47.25 pullback low so far is just under what should be a key area at the 47.50-46.15 area, ask to hold and take out 55 in order to get a chance for a move up towards 58 and maybe the 61 high area although would need good momentum

11 Apr 2018 01:20 pm
just about to the 55 area and 55-55.75 should be the strong resistance that needs taken out in order to be more than a bounce in a trading range and have a shot at the highs if not immediately reversed

11 Apr 2018 01:31 pm
a second bounce to just under resistance sold and should come down to make a higher low above 47.25 if this is going to avoid what could be a breakdown to or through 26.25 and possibly keep going through

11 Apr 2018 01:35 pm
bouncing from a lower low at 46 and should not get over 54 at the highest and likely the 50-51 area or just a little higher

11 Apr 2018 01:36 pm
just a little lower not higher or else it would have a shot at 54.50 last bounce high or a little lower

11 Apr 2018 01:46 pm
rolling over again and should continue holding under 51.50 area now

11 Apr 2018 01:48 pm
if there is another pullback then there must be buyers, and at or above 47-46 in order to stay going sideways with a shot at a breakout on the upside at some point as a possibility

11 Apr 2018 01:58 pm
fed minutes release in about five minutes. currently range bound holding 47.50-46.25 support and 54.50 resistance

11 Apr 2018 02:01 pm
bearish head fake coming down through 51.50

11 Apr 2018 02:01 pm
"prairie dog" and rejected right at 54.52 be short under

11 Apr 2018 02:02 pm
has to take out 55-55.50 and then hold 54 on a dip and turn up afterwards in order to get an uptrend and not keep pressure on

11 Apr 2018 02:09 pm
rejection and reversal at 55 resistance and another decent pullback and not easy to snap back again and be able to stick and shorts under the 55 area at the most

11 Apr 2018 02:17 pm
another decent bounce after a sharp drop and if going back down again the ES should hold under 50-51

11 Apr 2018 02:23 pm
it's going to need to get over55-55.50 on the ES and above 24,311 on the Dow cash to avoid a reversal again or at least a pullback of some sort likely. Otherwise just run right up through it very soon if it's going to avoid a stall out here

11 Apr 2018 02:27 pm
quick drop a little bit after the Fed minutes were released bid right back up to the breakdown area and stalling and will need to hold 51 or else could be another decent pullback instead of moving to or through the 55-55.50 area

11 Apr 2018 02:32 pm
market has been getting sold off hard, and bought up quickly also after pullbacks, and a very back and forth trading day and looks important for the ES two get over 55-55.50 and be able to hold over that area after breaking to get a good run up going

11 Apr 2018 02:37 pm
another rejection at 54.50 and there should be buyers the low bid this back up on any kind of dip or else finally heading to the last swing low area after the Fed release at around 45-44 – if a break under 48 happens to stick

11 Apr 2018 02:40 pm
still looks like there will be sellers at the 54-55.50 area to get through, or just under that zone to keep the pressure on but then a decent sized pullback gets bid up again. Still under pressure under 54-55

11 Apr 2018 02:42 pm
update and about 10 minutes or so.sold again at 54.25 this time in coming down a bit. Buyers keep coming in on pullbacks so look to trade both sides for now until up around possibly 55 and if broken through up around the high area

11 Apr 2018 02:50 pm
anotherdrop from the 54-55.50 area that has come down so far to the 47 support which has only been poked under to the 44.25 level after the Fed minutes were released and could be tested if this cannot get bid back up like it has been and take out at

11 Apr 2018 02:54 pm
to the bottom of this range holding so far at 44.75 and 44.25 area needs taking out convincingly along with the 40 area. If so it would open the door to test or break 35 low area from yesterday

11 Apr 2018 02:58 pm
another bounce from the bottom of the range has so far reached 49.50 and has been crisscrossed a number of times today but should be heading back down as a bounce high if this is going to end up breaking the bottom of this range

11 Apr 2018 03:08 pm
rolling over rolling over after stalling out at the 51 updated resistance and should

11 Apr 2018 03:10 pm
taking out the 44.50 area and heading to the low or lower and possibly 35 area if there gets to be some goods downside momentum

11 Apr 2018 03:12 pm
so far held at 42.25 and between the 44 and 40 support and should end up with another push lower after a feeble bounce attempt anyhow

11 Apr 2018 03:14 pm
at some point in this month the market is going to get hit hard and take out the 2552 and go through 2532 major area and possibly drop to the 2480s. You might want to have a few put options to hold on to, or some shares in an inverse ETF

11 Apr 2018 03:18 pm
will need to get back over 39.50-40.50 and stick on this bounce just to have a chance of going back up to around 44-45 area possibly before coming back down again

11 Apr 2018 03:21 pm
popped up to 43 so far and it looks like as long as the 43-44 area is held under that pressure should stay on and make another lower low and if not quickly reversed back up could go down to the 35 area or more. "Inside day" so far

11 Apr 2018 03:27 pm
so far a Spike down to test the low reached 39.50 and trying to stabilize but unless there is a move over 43-44 that doesn't get turned right back down again there should be one more push lower, instead of a 3:17 reversal and a run up into the close

11 Apr 2018 03:29 pm
have a great rest of the day. Update this evening and then now meet you here tomorrow. So far a bounce turning down at the 33.75 bounce resistance zone so could keep on dropping possibly a decent one if 38.50 low of the day does not hold. Take care!

 

INTRADAY LOG FOR TUESDAY - APRIL 10, 2018

10 Apr 2018 09:18 am
Good morning. another big up open and will see if it can stick. Whatever the case, looks like 45-44 should hold to avoid decent early pullback

10 Apr 2018 09:24 am
I think if 53-54 happens to be reached early should be too much too much too fast and set up a good pullback

10 Apr 2018 09:24 am
I'll update after the open and then meet you online around 10:10 or a little after

10 Apr 2018 09:32 am
should be a height in place. going to need to hold over 47 on a pullback or else bigger move to or through 44.50 at least

10 Apr 2018 09:33 am
should still keep coming down towards 44.50 area or more

10 Apr 2018 09:35 am
42.75 reached and pressure is on holding under 47-48 area if a bounce and can keep coming down to around 42 area and if not held then 37

10 Apr 2018 09:38 am
still needs to go through 48, and then hold around 47 after that it going to have momentum to get to the high or higher at 53-54 IF 48 broken with some momentum

10 Apr 2018 09:40 am
42 is going to be the early key support. Needs taken out and held if going to have a bigger move lower otherwise a chance of getting a better bounce attempt if 48 taken out and 47 holds

10 Apr 2018 09:43 am
still 48 needs cleared with momentum or else go back down towards 43-42 or lower to get a break down towards 38-37

10 Apr 2018 09:44 am
I will meet you online around 10:20 or a little after

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

10 Apr 2018 12:05 pm
sharp drop followed by a decent bounce back to 58.50 and will need to hold and turned from 54.50 area at the lowest or else could breakdown if 52 is taken out also

10 Apr 2018 12:08 pm
that ES top at 2663 last listed resistance, and should not be broken and held unless the market is either going to have a slightly higher move and reverse, or keep on going up to or through 72-72.50 short-term major area

10 Apr 2018 12:11 pm
we have had some chaotic action so far today, and the market does have an upside bias at the moment as only one decent pullback coming from the 63 resistance and dropping 15.75 points in 4 minutes to 47.25

10 Apr 2018 12:16 pm
unless the ES can run up through 67.50-68.50 with some gusto to stick after a tiny pullback, bounces should be sold at 57-58 at the highest, and pullback needs to bounce from 51-50 or else could go down to or through 47

10 Apr 2018 12:21 pm
I will need to be a way until around 1:10 or a little bit after that, but will update if/when possible as long as I'm not caught up on a phone call. Bounces should all be sold as a top should be in at resistance

10 Apr 2018 12:36 pm
the ES made a new low at 35 and bounced back nicely like the last sharp drop to 51.25. The ES would need to hold under 52 area if it's going to have a chance for another drop towards the lows

10 Apr 2018 01:23 pm
from the 55.50 level and needs to hold 50 otherwise could begin to roll over of that from here instead of trying for 58-59 resistance in front of the 63 high at resistance

10 Apr 2018 01:30 pm
at the moment this is nudging higher and getting over 55 area and holding needed in order to keep this going. If it stops here there is risk of a decent sized pullback again

10 Apr 2018 01:36 pm
the way that the market is acting now, a pullback that holds and turned up from around 55.50-55 then there is a chance for another push higher that takes out 58.50 and tries for a move over 62 the yen with

10 Apr 2018 01:37 pm
if that happens and there is just another small pullback that turns up then either a double top or breakthrough 63 high at resistance

10 Apr 2018 01:42 pm
looking like a top and not going to get over 58 area and stick but instead come down through 51-50 and if so without quickly turning up it could keep going down to or through at least 47.50-47 area

10 Apr 2018 01:45 pm
pressure should stay on the downside holding under the 55 area now headed down towards 47.50-46.50 which must hold or else could be a sharper or longer-lasting drop

10 Apr 2018 01:53 pm
bouncing from the 46.25 level, took out 47.50-46.50 by 1 tick and immediately turned up and should either turned down from around 53-54 lower case that area out and hold and keep going up to or through 58-58.50 area next

10 Apr 2018 01:58 pm
each sharp drop has been turned around and run right back up again, so today as long as that 45 area holds the ES should be okay, there is a chance of a 10+ point drop again if broken though. Must take out 58.50 now

10 Apr 2018 02:12 pm
going for 63

10 Apr 2018 02:12 pm
going for 63

10 Apr 2018 02:14 pm
just missed 63 leaving a double top/123 top and should come down at least two around the 58.50-57.50 area and if no bounce then test or break 54.50 which should be a key area in this range

10 Apr 2018 02:19 pm
at the moment the only way 63 high area gets tested or broken is if the small pullback turning up at 58 get some gusto and goes through 62.50. A failure to get over 62.25, and break under 58 with momentum starts another decent pullback then bounce

10 Apr 2018 02:21 pm
looks like a better short on a pop up from up here with the double top in place at the moment. Although a decent pullback will offer a buying opportunity most likely, with buyers coming in on all pullbacks – so far

10 Apr 2018 02:36 pm
need to keep going and take out 62.25-63 area or else roll over again and it could be a sharp move that lasts about 5 minutes or so

10 Apr 2018 02:42 pm
sharp pullback of 8.25 points to 50.50, and after tiny bounce to 53.75 it dropped another 6.25 points so far from the 53.75 level bounce high. We had these washouts, and then rallied back and should try one more time but fail this go around

10 Apr 2018 02:43 pm
should have trouble getting back above 53-54 and holding now unless going back up towards the top again

10 Apr 2018 02:46 pm
ran up through 53-54 and so far stopped at 58.25, and getting over 58.50 and holding and especially 63 area and holding in order to keep upside going and not reverse again

10 Apr 2018 02:56 pm
another sharp drop making it back up to 58.50 so far, and as long as another pullback is small and turns up there will be a chance of getting over 58.50 and attempting 62-63 area if it does. But if not, another sharp rollover from near the 58 area co

10 Apr 2018 03:01 pm
there's a chance another pullback on a test of 62-63, but if not then the upside could go towards 66-67 before the major area of at the 71.50-72.50 zone

10 Apr 2018 03:07 pm
pullback from 61.25 came down to 55.50 and turned up and now has a chance to get to or through 63 resistance as long as 50.50 area holds now

10 Apr 2018 03:10 pm
63 has been reached and as stated earlier 66-67 could be seen on the way to the 72.50 short-term major area

10 Apr 2018 03:19 pm
65 reached so far and after this small pullback again should make it to the 66-67 area and then come back again by only a small amount in order to keep this move heading towards 71.50-72.50

10 Apr 2018 03:22 pm
66.25 high at updated resistance, but at the moment the ES is going to be strong holding 61-60 area on a dip now at worst to keep this going strong on the upside and not have a potential reversal

10 Apr 2018 03:24 pm
this needs to be a small pullback and turned back up as the 66-67 zone was reach and in order to be broken should turned up after yet another small pullback or sharp one that gets reverse with some gusto again. Starting to look like a better short up

10 Apr 2018 03:25 pm
has to get through 66-67 in the last 35 minutes otherwise a move back under the 55.50 area at is not turn right back up should mean either a bigger pullback or another bounce that will need to have good momentum if going back up towards the highs –

10 Apr 2018 03:27 pm
with the ES holding right at 55.50 so far, it should be an important area and will need to be reversed otherwise could end up with a late day pullback again instead of yet another run up like all day. At the moment doesn't look like a move to 66-67 i

10 Apr 2018 03:30 pm
pullback holding and turning up again so there might be a shot at the 66-67 area before the end of the day, but should have trouble staying up there if it is reached, as even though pullbacks are being bought, they are not sticking and continue pulli

10 Apr 2018 03:31 pm
have a great rest of your day! I will update this evening and meet you here in the morning. Take care!

 

INTRADAY LOG FOR MONDAY - APRIL 9, 2018

09 Apr 2018 09:00 am
Good morning! It looks like another big open one direction or the other and to start the week it's going to be on the upside although coming down a bit already and could keep going if there is a move back over 22-23 that can hold

09 Apr 2018 09:05 am
the ES will likely be sold at or under 22-23 at the highest, probably won't get there until maybe a rally later as it should keep coming down like it is now

09 Apr 2018 09:17 am
it looks like 17-16 area is going to need to hold and bounce with some gusto to get a bit further before coming down again in the first 20-40 minutes at the latest if not on the open

09 Apr 2018 09:25 am
22-23 should be hard to get through, but if not and it goes right through that area than 25-26 is a minor area just above where a turn could come from

09 Apr 2018 09:32 am
22 sold and a break under 18 area needed to get going on the downside and set of trying to test that top at resistance

09 Apr 2018 09:36 am
quick reversal from 17 but still needs to get through 22-23 and hold for a top could be in place

09 Apr 2018 09:39 am
a move under 12.50-11.50 area needed and not turn right back up in order to get potential further breakdown

09 Apr 2018 09:41 am
bouncing from 13.25 and should hold under 18-19 is going to go back down to test or break 12.50-11.50 area

09 Apr 2018 09:44 am
retest holding so poor and if this can keep going over 18-19 and not turn right back down then it might have a chance at the 22-23 area again but doubtful it's broken and held right now

09 Apr 2018 09:50 am
pushing through and holding 18 to go to resistance and maybe poke through

09 Apr 2018 09:55 am
18 broken through and 22-23 also and reached the minor area around 25-26, has to hold around 22 and 20.50-19.50 or else rolling over rather than another bounce

09 Apr 2018 10:00 am
has to hold around the 23 prior resistance otherwise has gone too far and another bounce after should fail. If this is going to reverse it should do so in the next 10 minutes at most

09 Apr 2018 10:06 am
needs to continue holding 23 area otherwise going back to or through that area would mean a turn and top in place for a while at least. So far reversal at 9:59

09 Apr 2018 10:09 am
going to cut through and keep going down but if not would need to get over 26 and hold instead

09 Apr 2018 10:12 am
22 kind of a pivotal area and breaking through that should put more pressure on and keep this from another bounce attempt by taking out 26 and holding

09 Apr 2018 10:12 am
22 kind of a pivotal area and breaking through that should put more pressure on and keep this from another bounce attempt by taking out 26 and holding

09 Apr 2018 10:14 am
having trouble getting back over 23 and sticking, and needs to take out 23.50-24.50 now or else keep on moving lower

09 Apr 2018 10:18 am
should see a small pullback hold now and get turned back up around 23.50-22.50 if going to go back up towards the high and not a bigger pullback

09 Apr 2018 10:22 am
another pullback turned up at 21.25 and now 21.25-20.50 area should continue holding to have any chance of getting back to test or break the 29.25 high which was immediately rejected

09 Apr 2018 10:25 am
should attempt the high area although will need to go through with some gusto and not make a double top. A chance at 34-35 if it gets through without reversing around that 28.50-29.56 area

09 Apr 2018 10:30 am
last pullback held at 20.50 and unless that area is broken the market is going to stay out of trouble this morning, with a chance for a run up to the 34-35 area if the 27 area holds for now

09 Apr 2018 10:33 am
34-35 target/resistance reach and should be a pullback of some sort that holds at or above 30-28.50 area at worst, and 39.50-40.50 area next

09 Apr 2018 10:35 am
only if a small pullback and then takes out 35 with some gusto. So far top just 1 tick over resistance and could be a top if 27 broken. Bounces would start failing then

09 Apr 2018 10:41 am
pop up to test the top failed and needs to get bid back up from around 31-30 or else could drop down to or through 28-27 and put a dent in this uptrend and possibly reverse or have a top in place

09 Apr 2018 10:41 am
next update and about 10 minutes or thereabouts if needed

09 Apr 2018 10:54 am
three times touched or fairly poked over 35 resistance but only a small pullback holding at 30.50 so far can keep going higher unless 30.50-29.50 is taken out. 39-40 would be next target/resistance holding over that support/potential reversal area

09 Apr 2018 10:56 am
backing off from a high at 36 and now looks like 32 needs held otherwise could go down and take out 30.50 or more and leave a top in for a while instead of another bounce from 32 or higher

09 Apr 2018 11:03 am
pullback came down to 30.25 and popped right back up, and a sideways range up here at this high area and under some pressure holding below 33-34 at the moment

09 Apr 2018 11:07 am
still a good bid on dips and this can go back up to or through the high. With the Dow also going sideways, needs to push through 36 on the ES and 24,231 on the Dow cash

09 Apr 2018 11:09 am
not liking it over the 34-35 area for very long, but not going back under 30 on 4 tries so far and if it does on this move then bounces are going to continue failing most likely

09 Apr 2018 11:12 am
30.75 touched again, has to get over 35 area and not turn right back down again or else another test of 30.75 area has a chance of breaking on yet another time down there

09 Apr 2018 11:22 am
just made it to the 39-40 area which is a major area today, and needs to be cleared and held next if this is going to stay in a strong uptrend and keep the move going into late afternoon possibly

09 Apr 2018 11:23 am
a pullback should hold around 36-35 area now and not much more if it gets that far, otherwise a chance at a reversal instead of continuing this strong uptrend

09 Apr 2018 11:30 am
at the 39-40 target/resistance and backing away just a little bit again so far and should bounce from 36.50-35.50 area at worst in order to stay in a strong uptrend from Friday afternoon low and continuing the same uptrend and action today.

09 Apr 2018 11:31 am
on up to the 48-49 area next if this is going to keep going to resistance zones and having small pullback before going higher again. Should not go back under 37 area now

09 Apr 2018 11:38 am
just touched 44 and pulling back of that and should only be about 3 points or else to the 38.50 area at worst or things could be changing. Major support area the rest of the day is the 31-30.50 area

09 Apr 2018 11:41 am
2 pullbacks of 8.75 points today are the biggest and should not be a move back to or through 35 area which also coincides with the high of sideways range until breakout around 11:15

09 Apr 2018 11:43 am
4 point pullback so far from the 43.75 high of the day so far, which is about in the middle of the 40 and 48-49 next resistance, and should be taken out on this move up in order to keep making higher highs/higher lows and not double top up here

09 Apr 2018 11:55 am
higher high and this time could be a better pullback to around the 40-39 area must hold

09 Apr 2018 11:57 am
should bounce from around 42 if there is going to be another new high soon as this has been doing. Otherwise continue to or through 40-39, and if that is taken out 37.25 maximum pullback support

09 Apr 2018 12:01 pm
a 5 point pullback and then right back up again, that is the way today has been going with the biggest pullbacks being 8.75 points and the others about 3-5 points before turning up. Should continue this action with higher highs and higher lows for t

09 Apr 2018 12:09 pm
Friday morning there was a bounce high at 48.50 that was reversed down to 22.75 over the next hour. Could be headed up to that 48-49 area or a little above and stop around there or else 56-57 possible

09 Apr 2018 12:24 pm
made it to 48.50 resistance and backed away and that is going to be a key area this afternoon that needs to be broken and held in order to avoid a pullback that starts with a break under the 41-39.75 area

09 Apr 2018 12:25 pm
– which would break a higher low and also break pullback symmetry. I need to do away until around 1:15, and will update ASAP if necessary just as long as I'm not caught on a phone call. At the moment trend /momentum up, but 48-49 major bounce resi

09 Apr 2018 12:40 pm
just had a bounce back to 46.25 sold aggressively, and with the ES topping at the 48-49 major bounce resistance be short something up here at 42 or better

09 Apr 2018 12:44 pm
should not be able to take out resistance 48-49 today and stick, and this been run up from 2584.50 in the last hour on Friday should be ready to start a decent pullback of some sort especially if a break under 41-40 and only a feeble bounce or hold u

09 Apr 2018 01:07 pm
well the ES turned up with some gusto and so far reached 49.50 and with the move coming from 41.25 this will stay out of trouble and keep pushing higher as long as the 45 area holds, but most important would be the 41.25 area. Next zone would be goin

09 Apr 2018 01:12 pm
higher until the last 15 minutes of trading today if this action continues as it has been and a pullback should not be more than more than 3.75-4.75 points, and 7.75-8.75 points maximum. More than 8.75 can break symmetry and uptrend

09 Apr 2018 01:29 pm
50.25 is 75% of the way back up to the 72.25 high last Thursday to the Friday 2584.50 low. The ES need to get back over 50.25 and stick today for this to keep moving higher, which means making another new high again from this pullback and then stay

09 Apr 2018 01:33 pm
back up to test the high egg again and will need to hold over 50.25 after poking up to test 51.25, if a lower high then possible 123 type of top pattern possible although may not go real far

09 Apr 2018 01:37 pm
50.75 lower low by 2 ticks and then broke the low of the high bar for an entry on the short side at 49.25 and needs to hold under 50.25 area now or else could be a bigger pullback and not just another pullback for a run up to a new high

09 Apr 2018 01:42 pm
continues to hold 47 area for the third time, 47.25 on the last pullback and now another quick spike down to 47.75 turned up. It looks like as long as 47 is holding, uptrend undamaged still. The NQ a different story currently in a downtrend

09 Apr 2018 01:49 pm
yet another pullback that was quickly turned around and this time from a slightly lower low at 45.75 but almost back up to the 51.25 top, first needs to take out 50.25 and be able to stay at or above that area or pullback again

09 Apr 2018 01:52 pm
this is going to continue making higher highs and higher lows it appears and could last until the last 15 minutes of stock trading roughly, if things go perfectly and this trend up kind of day we are having

09 Apr 2018 01:59 pm
two biggest pullback were 8.75 points and came early, turning up from 20.50 around 10:15 AM and since then biggest pullback 7.25 point turning up at 41.25 around 12:40. Most pullbacks have been just 4-5 points and turned up.

09 Apr 2018 02:02 pm
selling at 2 PM. A pullback now should hold at or over 51 area and bounce, 47-46.50 at worst. if this keeps push a higher after holding 51-50 and turn up then a chance still for the 56-57 area

09 Apr 2018 02:04 pm
46-45 is the key support area if this is going to avoid breaking pullback symmetry and keep this moving higher until around the last 15 minutes of trading. If a reversal goes more than that, then it could be breaking down and go quite a bit more befo

09 Apr 2018 02:08 pm
46 reached and going through 45 could mean one of those big end of day pullbacks we have been getting recently, it was 72 points from its intraday high on Friday to bits last hour low, this should be in "sell the bounces" mode now

09 Apr 2018 02:11 pm
last low was broken, the Dow made a topping pattern, the NQ made a lower high and turned down. could bounce but likely not stick now as things have changed

09 Apr 2018 02:14 pm
will need to be a very strong bounce from 44.75 which is 9 points from its 53.75 top that had a stall before breaking. This bounce needs to have gusto and at least get back above 49.50-50.50 area of low was another push lower coming soon

09 Apr 2018 02:20 pm
bounce will need to take out 49.50 area with some gusto in order to keep on going up, but a failure could lead to further breakdown going back under 44 area and especially 41-40

09 Apr 2018 02:21 pm
with bounces failing now and coming down pretty hard, should continue selling bounces as this could begin to unwind a bit another day especially if it keeps going under the 41-40 area without a good bounce

09 Apr 2018 02:28 pm
NOTE: I'm going to be called the way sometime between now and the next 30 minutes but don't know when so if I disappear I'll be back shortly. At the moment we should still see bounces fail, but must bounce from 41-40 and hold after a good run up

09 Apr 2018 02:33 pm
attempting to hold and bounce from just above 41-40 and a bounce would need to take out 49-50 without reversing back down again otherwise another wimpy bounce that fails and rolls over and take out 41-40 key support

09 Apr 2018 02:35 pm
holding under 45 area keeps pressure on to keep going through 41-40 and a lot farther possibly

09 Apr 2018 02:37 pm
topped out and turned downright at 2 PM and that should be a high for the day unless something happens to give a good strong run up for some reason. 40 area also 60 EMA on 5 minute chart and could get momentum if taken out/held

09 Apr 2018 02:42 pm
higher lows on the way up, pullback symmetry, and 40.50 point rally from this morning's low (69.25 points from Friday low) leaving room for a decent end of day pullback heading towards 36.50 at a minimum and could go down to the 28-27 area if this ge

09 Apr 2018 02:50 pm
bouncing from 37.25 and needs to take out 45-45.50 without turning right back down in order avoid another pullback in an attempt to get into an uptrend possibly if a bounce has some gusto and can hold 42-41 at worse and turn up quickly

09 Apr 2018 02:52 pm
2:45 PM low should be important the rest of the day, needs to hold to get a reversal in the 2:20-2:40 timeframe, bounce needs to take out at least 43 area without reversing back down for is just a bounce

09 Apr 2018 02:58 pm
needs to keep going and take out 44.50-45.50, not back away from there, if this is going to keep going up from its 2:45 reversal. Pullback needs to hold around 41.50 or could get further breakdown

09 Apr 2018 03:01 pm
should begin to pullback now from 44.75 high at 44.50-45.50 updated resistance and come back to test or break at least the 42-41 area again

09 Apr 2018 03:02 pm
then down to or through 38-37 area

09 Apr 2018 03:07 pm
pullback held at 41 and immediately turned up, must hold to avoid potential breakdown towards 37 again but shouldn't go back down now far, and should hold 41-40 at the worst on any pullback now or else a bigger drop underway. Still needs a push over

09 Apr 2018 03:11 pm
poking up to 44.50 and should go on up through 45.50 with some gusto, otherwise this stalling out could end up with another pullback with a shot at testing or breaking 37 area again

09 Apr 2018 03:14 pm
it's going to stay under pressure now holding under that 44.50 resistance where the bounce stalled out and come down to test or break 38.50 area or lower

09 Apr 2018 03:16 pm
35-34 prior resistance could be new support on this pullback but if not then they pull the string and this gets hit hard in the last 30 minutes

09 Apr 2018 03:20 pm
going through 36.50 and holding is taking out 25% of the move from yesterday's low to today's top, and still could go back towards the 28-27 area before the end of the day if this keeps going at a good pace and not reverse from the 33-32 area instead

09 Apr 2018 03:20 pm
should keep going towards 28-27 now

09 Apr 2018 03:21 pm
holding under 33.50-34 keeps pressure on now to continue down to or through 28-27, but if a move back over 34 occurs then may not get there today.

09 Apr 2018 03:24 pm
30.50 was reach around 11 AM and if no bounce from that area then another end of day collapse down to 27.50 or more still can't happen

09 Apr 2018 03:32 pm
a bounce off of 30 could go a bit higher but should stall or be rejected and come back down again, will need to hold 30 or else keep going to or through 27. There has been buyers on dips down there, but pressure still on holding under 34 area for now

09 Apr 2018 03:34 pm
27.50 area or more

09 Apr 2018 03:35 pm
27.75 reached and could go a bit further and if no turn around from 27.58 area then it could keep going down to or through 23-22 area

09 Apr 2018 03:37 pm
made it to exactly 27.50 and unless it can get above 30-31 area it's going to keep on pushing lower maybe down to the 23-22 area anyhow

09 Apr 2018 03:39 pm
while in the last 20+ minutes of trading the ES made it to the 27.50 target/updated support and that could be a pullback low but doubtful and if broken look for the 33-32 area. Has to take out at least the bounds high at 34.75 in order to finish well

09 Apr 2018 03:40 pm
this came cave then if 27.50 doesn't hold. – have a great rest of your day! Update this evening. Catch you tomorrow. Take care!

 

INTRADAY LOG FOR FRIDAY - APRIL 6, 2018

06 Apr 2018 09:09 am
Good morning. another day another big up or down open– down today and add the 40.50-39.50 area at the moment

06 Apr 2018 09:13 am
unless the ES can get over 48-49 prior support and stick, then the downtrend should stay in intact and it's just a bounce before another push lower

06 Apr 2018 09:15 am
also put the 22-21 area on your chart, should be the lowest this goes today

06 Apr 2018 09:28 am
the 48-49 area still should be a key area, especially if there happens to be a pop-up to that area but not looking like it. 49.50 was Wednesday's high and 49 was Thursday's low

06 Apr 2018 09:29 am
update about five minutes after the open

06 Apr 2018 09:36 am
up uptrend from the open and about two get to the 48-49 area or just below and would need to come back down under 47-46 after getting up there to reverse

06 Apr 2018 09:38 am
48.75 rejected, just a small pullback, and one more push should be sold again

06 Apr 2018 09:39 am
and now should hold 48 area and not go under that and hold in order to keep current uptrend and breakthrough first new resistance

06 Apr 2018 09:43 am
getting turned down that's 52.75 and a hold under 48-49 should put some pressure on for a bugger pullback

06 Apr 2018 09:46 am
need to hold 44.50-43.50 or else either keep going lower or fail on another bounce attempt that either stalls or shows rejection if they do bounce and not get momentum

06 Apr 2018 09:52 am
44.50 was held by 1 point and the ES shot of again and 58-59 would be next

06 Apr 2018 09:56 am
could be one more bounce from this area but should not be able to take out 60.50 and hold it there is one more run up

06 Apr 2018 10:03 am
turning down at 9:55 can be a top and especially going down through 45.50-44.50. Bounces should fail now

06 Apr 2018 10:09 am
this bounce attempt from 47 should fail under 52-53 if there is going to be a downtrend or another leg down, not bouncing back towards the high unless 52-53 broken with gusto

06 Apr 2018 10:14 am
45.75 previous pullback low was just tested and turned up but needs to keep going and take out 52 otherwise it is still vulnerable for another pullback

06 Apr 2018 10:20 am
feeble bounc reversal of from 46.25 and just over the earlier low at 45.50. Now needs to keep going up through 52 in order to have a shot at the high area

06 Apr 2018 10:24 am
made it up to 53.25 and turned down and should not go back down to or through 48 or else another bounce should fail also

06 Apr 2018 10:31 am
in danger of a breakdown and should be sold on any kind of bounce holding under 53.50

06 Apr 2018 10:37 am
pressure will stay on under 45 if a bounce but top should be in for a while at least and all bounces should be sold

06 Apr 2018 10:40 am
a feeble bounce from the 40 support and has to get over 43 area plus some gusto or else keep heading down to or through 36.50 and could go another 10-15 points if it gets momentum

06 Apr 2018 10:43 am
or just a steady downtrend with small bounces if any on the way down to or through that area

06 Apr 2018 10:53 am
so far bouncing from just over 30-28.50 area and needs to get back over 37-38 without turning right back down or else another push lower could happen

06 Apr 2018 10:54 am
if 30-28.50 area tested and no sign of a turn then 22-21 (not listed, but overnight low there) may have a chance before the day is over

06 Apr 2018 10:58 am
38.50 updated resistance was rejected and a test of the lows can happen but if not broken one more pop-up likely get sold again, just not as fast as likely

06 Apr 2018 11:02 am
there was a 20.25 point rally from the open until reversing at 9:55 (9:50-10:10 timeframe) and it has been in a downtrend since then and about to take out 30-28.50, then has to get over 38 or still bearish

06 Apr 2018 11:10 am
needs to take out 32-33 at a minimum and especially 34.50 in order to keep coming up towards 38.50 before turning down again. Could rollover from a little bit under that area otherwise

06 Apr 2018 11:19 am
so far made a higher low but still needs to get over at least 34.50 in order to attempt getting into neutral territory if not immediately reversed back down again. 22-21 possible on this move if the lows broken

06 Apr 2018 11:24 am
would just keep selling bounces holding under 34 area right now, or the 37.50-38.50 area at highest. 22-21 still can be seen

06 Apr 2018 11:30 am
a pretty good bounce from a token lower low at 25.25 and unless 36.50 broken on this move it could pullback and then get turned up from a higher low on another push down, otherwise taking out the low can keep going towards 22-20.50 area more

06 Apr 2018 11:36 am
we had a 20.25 point bounce from the open get turned around at 9:55 and first decent drop has gone 31.50 points and bouncing now, 34.50 broken and needs to hold 33 and turn up otherwise could be rolling over again

06 Apr 2018 11:45 am
backing off again from just under 38.50 and will need to bounce from 31.50-30.50 or else could keep on going down without bouncing, otherwise another bounce should set up another short

06 Apr 2018 11:46 am
update in about 10 minutes or so if needed. At the moment it's still under pressure under 38.50 area down to just above the low for a lower low with the 33-32.50 area being a pivotal area to break through/hold

06 Apr 2018 11:57 am
the pullback stayed well above the low turning up at 28.50 and still needs to take out 38-38.50 without turning right back down, even though another pullback should be bought again before or after that

06 Apr 2018 11:57 am
but not take out 33-32 otherwise could be turning down again

06 Apr 2018 12:04 pm
yet again backing away from the 37.75-38.50 resistance that needs to be taken out and able to stick if things are going to change and try having a low in place

06 Apr 2018 12:13 pm
yet another little run up that failed and as long as this continues it will make a break under 30-28.50 zone a second time likely get some gusto

06 Apr 2018 12:15 pm
I will be oh way until around 1:15, and there is a chance that I will be gone for most of that time. this stays bearish under 38.50. I will update if/when possible if I can before around 1:15

06 Apr 2018 12:24 pm
a quick note that the ES just made a new low at 24 and should test or break the 21 area on this move down and could go quite a bit lower This Afternoon if that area is not able to hold

06 Apr 2018 01:08 pm
the ES just poked over 38.50 to 39.50 and turned right down from the 60 EMA also, and unless the ES gets over 39.50-40.50 and holds this afternoon then the door is open to go to or through 22-21 support (wasn't listed, but sent early

06 Apr 2018 01:16 pm
so far the ES reached 26.25 but not bouncing much and heading a little lower before another bounce attempt if the Dow is going to test its low for a double bottom or break through its low for further breakdown

06 Apr 2018 01:26 pm
quick poke down to 25.25 and right back up, only a feeble bounce and needs to take out 30.50 and hold on a dip otherwise headed towards 25 and maybe down to the 22 low area again

06 Apr 2018 01:30 pm
moving up with some gusto and keeping bottom in place on the Dow for now. Probably needs a bounce from around 30 or higher if going to have a shot at going back up towards 38-39 area again and not reverse in back down

06 Apr 2018 01:32 pm
should move up a bit more with the small pullback holding but needs more momentum for any shot at getting back to the 38-39 area and sticking instead of reversing.

06 Apr 2018 01:35 pm
indicators were at overbought extremes coming into the day and sentiment overly bullish, and that should keep pressure on at the end of the day –just use bounces to short down to the 22-21 area or quite a bit lower possibly

06 Apr 2018 01:38 pm
a small bounce followed by a break under 25 should keep going to or through 22-21 updated support and if no sign of double bottom then 13.50-12.50

06 Apr 2018 01:38 pm
already had the small bounce

06 Apr 2018 01:41 pm
23.75 so far and that should not hold and should take out 22 area or more still before any kind of bounce attempt or else keep going to or through 13.50-12.50 next

06 Apr 2018 01:45 pm
21.25 low in the 22-21 support zone so must reverse up soon and keep going over 26.50 was some gusto and stick just to get a bounce attempt although it may fail if no gusto

06 Apr 2018 01:47 pm
another feeble bounce and another lower low and should continue down towards the 13.50-12.50 area if this holds below the 24-24.50 area

06 Apr 2018 01:51 pm
13.50-12.50 almost reached and if it is, a good strong run up would be needed otherwise continued failed level bounce attempts keeps the door open down to 2601.50 possibly

06 Apr 2018 01:57 pm
so far as made it to 10.75 easily taking out 13.50 on the way down, and as long as this holds under 16-17 then pressure stays on for the 2608 area and then down to 2601.50 area

06 Apr 2018 02:02 pm
2606.75 low at 2 PM, and if broken through then 2601.50-2600.50 or more next on the downside. Resistance at 2611 right now at highest

06 Apr 2018 02:06 pm
2611.25 bounce high turned right back down, and holding under the 11.50-12.50 area needs to be taken out and then able to hold on a dip afterwards or else keep on going down to 2601.50

06 Apr 2018 02:09 pm
almost there to the 2601.50-2600.50 area and would probably poke under that into the 2590s and then turned up if there is going to be any kind of bounce attempt in this current downtrend

06 Apr 2018 02:12 pm
2602 now the low for the move, and 2 ticks above the 2601.50-2600.50 support. That should be a bottom, if not then into the 2590s before bouncing. Still needs to at least take out 2608.50-2609.50 area and not get turned right back down from there or

06 Apr 2018 02:20 pm
bounces still failing with the last one stopping at 2609.75 and probably shouldn't go much higher if this is going to keep going lower and head towards 2601 area and maybe down towards 2597 area, where a turn would need to come from to avoid even big

06 Apr 2018 02:25 pm
if this action continues then we could see another day with the Dow closing down 700+ points and the ES give up more than 70 with all of the bounces failing going into the last hour of trading

06 Apr 2018 02:33 pm
at the moment should not see a bounce take out 2608.75-2609.75 area, and stick instead of turning right back down, in order to attempt a turn around from down here. Otherwise continued drifting lower to possibly towards 2584.50 area before end of day

06 Apr 2018 02:38 pm
97.50 low and this is the area where the ES needs to turn in order to avoid what could be a bigger washout towards the 84 area, however first has to drop down under 92 on the way for some proof of continuation

06 Apr 2018 02:42 pm
92 broken through but quickly turned up, could turn out to be a low at least for a while if this move can take out 2600.50-2601.50 and be strong enough to hold on a dip

06 Apr 2018 02:48 pm
bounce attempt reached 2601.75 and quickly turned down. Looks like taking out 2602 with some gusto and then holding over 2601 a turn around attempt

06 Apr 2018 02:50 pm
in this still can work its way down to the 2584.50-2581.50 area if this kind of action continues. Should not get the oh 2602 area if it's going to have a decent shot of Happening

06 Apr 2018 02:52 pm
the Dow is now down >700 points and couldn't close around this area. Or lower as long as this keeps a good downtrend holding under 2598 and especially 2602

06 Apr 2018 02:57 pm
remember when we had almost no decent pullbacks through most of 2017, with from before midyear having just one day with a 1% down day? Another steady selloff today and a 2.78% drop so far and probably headed for 3% drop

06 Apr 2018 03:06 pm
still feeble bounces and 95.50 rejected and coming back down towards the low and should see 84.50 and then 81.50-80.50 if broken through and not reverse

06 Apr 2018 03:12 pm
3 PM turn around and a low at the updated support at 2584.50 should be a low in place at least for a while and they get things turned around if a break above 95.50 not turn right back down again

06 Apr 2018 03:14 pm
95.50 reached and even if it's not broken another pullback should hold above the low and get turned up again

06 Apr 2018 03:15 pm
with a low in place at updated support at 3 PM, not a bad idea to buy a pullback now as it should not go back down to 84.54 even close now if it's going to avoid any kind of trouble

06 Apr 2018 03:18 pm
can get a pullback here but should hold around 2593.50-2592.50 at the lowest and keep pushing higher a bit longer

06 Apr 2018 03:24 pm
small pullback was bid back up again but no follow-through and should come back down through 94 area and maybe 92 again or more

06 Apr 2018 03:27 pm
with 35 minutes left in stock trading for the week, this ugly day for the bulls could get uglier going into the close, especially holding under the 2600 area and especially taking out 94 area still

06 Apr 2018 03:28 pm
this will be the fourth close with the Dow down 700 points if it happens today like it should. Anyway, have a great rest of your day and a great weekend. I will catch you here on Monday morning. Take care!

 

INTRADAY LOG FOR THURSDAY - APRIL 5, 2018

HOW OUR TRADING DAY WENT: WOW! Sold early and bought the first pullback which turned up at 9:50 AM. Then we had a double top at the 2672-2673 area, and members were told to be short and look for a drop of 18-22 points before covering. The drop that filled the gap at 2649 was 823 point drop, giving members 13-17 points or more on that traded. CLICK HERE for a video recap that Ian did tonight!

05 Apr 2018 09:12 am
Good morning. we are going to have a big gap up open and should pullback first then run up after that

05 Apr 2018 09:13 am
unless this turns out to be a trend down move which is doubtful right now, there is a chance for a good low in place for a while

05 Apr 2018 09:15 am
anyhow, should still see early strength sold in the first decent pullback bought if this moves like it normally does when it's nearly parabolic short-term

05 Apr 2018 09:26 am
looks like the 58 area needs to hold or else could be a move down a bit further before trying to bounce back. And needs to take out 65.50-66.50 key area or else can top out at or below that zone

05 Apr 2018 09:36 am
needs to hold around 59.50 or else another pop-up is sold also and this goes down to test or break 56-55 and possibly see 52

05 Apr 2018 09:37 am
bounces should still fail and come down for a decent pullback before bouncing back again.

05 Apr 2018 09:46 am
the gap on the daily chart would fill at 49.75 and test that area at least

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

05 Apr 2018 12:03 pm
back after being in a range for a while that ES took out the 62.75 high and went up to the 72 area twice and should keep pushing higher as long as 67-66 area holds on a pullback. A break under that could change things at least for a while

05 Apr 2018 12:06 pm
if it cannot push through 72-73 zone then another pullback could come down and test or break through 67-66

05 Apr 2018 12:08 pm
topping pattern and should be a break under 66.75-65.50 if this gets a little bit of momentum to break the current choppy uptrend

05 Apr 2018 12:13 pm
bounce from updated support at 66.75 but should take that out if this melt doesn't get over 70 and hold at least

05 Apr 2018 12:15 pm
I will be away to day until around 1:15, will update if possible but know that I will most likely be away from ~12:30 until ~1 PM. At the moment trading 72.25 as a top

05 Apr 2018 12:16 pm
and took short positions earlier and suggests doing so on a bounce. Something that you can hang onto for a while in case this is that 18-22 point pullback or more

05 Apr 2018 01:09 pm
after turning down from 66 prior support and holding, that ES made a little double bottom at 61.25 and ran up above 66 again, but should keep saying this going both ways as this has trouble getting to or through 72.50 and holding any time soon. 66 ar

05 Apr 2018 01:14 pm
rolling over pretty good and was a good opportunity to get short something if you are not already to hold on to in the case of a "normal" 18-22 point move on the downside, which is possible if this doesn't take out 72-73 resistance today/stick

05 Apr 2018 01:22 pm
downside getting some momentum and a move under the 53 area could mean going down to fill the gap at 49.50 and maybe go a bit lower than that if reached

05 Apr 2018 01:25 pm
54-50 area is 18-22 points from the high, and a place to at least cover half of a short position you should have on from 64-66 area

05 Apr 2018 01:28 pm
54.50 pullback low so far however resistance at 61-62.50 area would need to be taken out and held on a dip after that otherwise at least another push lower when the bounce stalls/reverses

05 Apr 2018 01:38 pm
60.25 Felts high so far and 63.50 should be maximum upside with it being 50% retracement of last pullback and just above a little breakdown area that 60.50-61 just under that area

05 Apr 2018 01:40 pm
should be rolling over to test or break through 54.50 and should go through and test 53-52 and possibly more if it gets momentum

05 Apr 2018 01:42 pm
The 18-20 points and should get to 49.50 and fill the gap at some point soon it looks

05 Apr 2018 01:45 pm
made it to 49 so far and attempting a turn around and looks like it needs to get back over the 55-56 area and stick or else this isn't done selling off yet today.

05 Apr 2018 01:55 pm
better bounce than expected, but still needs to get over at least 60 without turning right back down again, otherwise just another bounce and another pullback coming soon

05 Apr 2018 02:03 pm
still needs to go up through 61.50-63 area or a bit higher without getting turn right back down again, taking out some new support around 58 area

05 Apr 2018 02:10 pm
failed bounce at 61.25 and if it cannot bounce from 53.50 area then back to test or break the low area

05 Apr 2018 02:12 pm
still needs to hold around 64 and make its run up through 62-63 and be able to stick or only have a small pullback afterwards. Otherwise a bigger reversal could come from that area if not blown through

05 Apr 2018 02:33 pm
ES beginning to act bullish with the pullbacks being bought now and holding over 54.50-54 which is worse case right now, but better yet holding 56.25 and unless that is taken out this can keep pushing to or through the 63 area

05 Apr 2018 02:34 pm
have a stop at breakeven at worst on the remainder of your short position right now. Reentry can be made later or tomorrow

05 Apr 2018 02:37 pm
so far reached 64 and it is around 65 for an average entry point (excluding shorting 72 resistance area AND bounce to 69.75), key area it looks like also

05 Apr 2018 02:39 pm
a bounce into the 2:30 timeframe and right now only pausing at 64 it appears, needs to come down under 62 in order to even start decent pullback attempt

05 Apr 2018 02:46 pm
small pullback turned up at 61 and turned up again with some gusto and will have a shot at the 68.50-70 area, and back away from their a bit

05 Apr 2018 02:53 pm
another small pullback so far from the higher high at 68.50, and probably should hold around 66 if going to make another push higher like the others, and avoid potential breakdown

05 Apr 2018 03:07 pm
at the top of the hour and the the top at 69.25 it's still under 69.75 prior high and 69.25 breakdown level at 12:15. ES will need to take out 69-70 and then hold over 69 afterwards in order to avoid what could be another pullback, instead of potenti

05 Apr 2018 03:12 pm
72-73 will need to be pushed right through and then hold up there at or around 70-69 at worst and turned up again. If it cannot get through 72-73, then has to hold 65-64 at worst

05 Apr 2018 03:23 pm
if the ES continues holding just under 72 it's going to end up rolling over in the last 30 minutes if it goes back under the 68.50 area without turning right back up

05 Apr 2018 03:27 pm
coming down from 72 resistance again and if this keeps going under the 65-64 area and not get turned right back up, downside could get some momentum and head back to the bottom side of this last hour rally

05 Apr 2018 03:34 pm
the ES as rollover to 64.25 so far and unless there is a move back above 68 area pressure should stay on enough for this to make another push lower if that 68 is not taken out. If it is, then a shot at 72 for a fourth time. But better odds this stays

05 Apr 2018 03:35 pm
have a great rest of your day! I am going to keep some put options just in case of this turning out to be an important top. Internal gauges could be at extremes, or close in less they deteriorate into the close

05 Apr 2018 03:35 pm
have a great rest of your day. I'll update tonight and then meet you here tomorrow morning hopefully early enough to make a comment before the open. Take care!

 

INTRADAY LOG FOR WEDNESDAY - APRIL 4, 2018

04 Apr 2018 09:16 am
Good morning. make down open and could be a bit of a bounce but not be able to stick if it does

04 Apr 2018 09:20 am
this market keeps getting hit pretty hard and should be going through the 52 low so far and probably the 2532 on the S&P cash the way it is acting after the long Bull Run turned parabolic before breakdown

04 Apr 2018 09:25 am
needs to at least get back over 79.50-80.50 and hold to get a better bounce attempt, but should fail when upside momentum stalls out. I will update after the open and then meet you online around 10:20-10:25 this morning

04 Apr 2018 09:36 am
bounce started at 71.25 on the open and needs to hold 75 now in order to keep going higher and then come back down again and must hold that low or else better breakdown possible

04 Apr 2018 09:36 am
possibly down towards 63 area.

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

04 Apr 2018 11:56 am
the ES rallied from the open and made it up to bottom end of yesterday's closing range before backing away. Quick 1-2 minute pop-ups happening after stalls, but being sold into coming right back down and should continue here one more time

04 Apr 2018 12:10 pm
for now as long as the ES continues holding at or above 2601-2600 best stairstep higher pattern can continue and have a shot at testing or breaking through yesterday's high

04 Apr 2018 12:37 pm
turned up at 2608.75 and another small pullback at 11.50 and almost 2 test or break 17.50-18.50 and after topping should hold 2608.50 to keep the stairstep higher going

04 Apr 2018 12:41 pm
next update around 1:15 or thereabouts. Both sides can be traded in this uptrend, although easier going with the trend but there has been at least 4 pullbacks of 7.50 points or more, a number of smaller but still decent 4-5 point pullbacks. So if qui

04 Apr 2018 12:57 pm
ES is losing steam as all but the Dow has made it back into the plus column after opening down 40+ points. A move under 11.54 a little lower needed to attempt breaking stairstep higher pattern. Another token higher high should be sold also.

04 Apr 2018 12:58 pm
could be a bounce in place at the moment otherwise a token higher high for lower low needs to be watched for another reversal

04 Apr 2018 01:03 pm
a chance that a high is in place, should be for a while at least and especially taking out the 12.50-11.50 area. Bounces should fail from here on out now. Even a token higher high should be sold just in case

04 Apr 2018 01:10 pm
as stated the ES was getting top-heavy and losing momentum and now could go to 2608-2607 area which must holding give a very strong bounce otherwise continue down to or through the 2603 area next

04 Apr 2018 01:33 pm
the stairstep higher pattern has broken down obviously and so far 18.50 points from its high so far. A move back under 2600 would need to hold around 95 again, as that is a 50% pullbacks and 95 also was a 50% retracement up from the low around 10:10

04 Apr 2018 01:35 pm
must be a way about 10 minutes and will update ASAP after that. ES needs to get over 2609-2610 in order to take some pressure off of steady downtrend

04 Apr 2018 01:41 pm
bouncing back and took out 2610 and now could go back up to test the 13-14 area but did back away from their

04 Apr 2018 01:51 pm
quick run up still turned down from 2612 and it looks like that area needs taken out and able to stick afterwards if there's going to be another test of the high and set of what can be a move back to or through 2601.50-2600.50. Has to make a higher h

04 Apr 2018 01:54 pm
in order to avoid breakdown through 2600.50 area and go through 95-93.50, need to make a run up over 2612 and not quickly reverse – or stall 4 minutes and roll over – and doesn't look likely at the moment

04 Apr 2018 02:01 pm
There was a 41 point down open, immediately turned up and stairstep higher up 48+ points and reversed from a poke 3 ticks over yesterdays high immediately turned down. 18 point pullback, now another run up a second time to 2612 area. Should back awa

04 Apr 2018 02:10 pm
strong move higher so far, if this can keep going and reach 18.50 area holding under the 19.50 high and turning down from there as that could set up a topping pattern.

04 Apr 2018 02:12 pm
just turned down from 17.00. but the afternoon as long as 2606-2605 is not broken pullbacks should be able to turn up. Looks like 11.50-11 area should hold and turned up for another bounce if reached

04 Apr 2018 02:13 pm
should be going up to test or break 19.50 high of the day so far and if no reversal then 23.50-24.50 MIGHT have a shot. New high would need to accelerate

04 Apr 2018 02:16 pm
quite a reversal day and beginning to get a bit parabolic reaching 12.25 so far and should be some kind of pullback soon

04 Apr 2018 02:22 pm
another push higher poking over 24.50 resistance and should hold at or around the 19 area in order to keep a strong uptrend. expect another pullback to get bid back up again. 28.50 potential reversal, it broken 32 are minor areas and then

04 Apr 2018 02:34 pm
this gap day has been a trend up day and it doesn't get too much more parabolic and has a pullback of some sort, it could keep going higher right into 4 PM or the 4:15 PM close. Doesn't have to happen, but pretty good odds of a very late day high. Ri

04 Apr 2018 02:36 pm
pullback could be as big as 7-8 points, would coincide with 21 support if it pulls back that far

04 Apr 2018 02:42 pm
still grinding lower and trying to stall out at 22 so far and so far just over 21 keeps is in a bigger uptrend and a chance for one more higher high.

04 Apr 2018 02:47 pm
a good strong run up again and reached 33, and that area is a resistance that I should have put in last night. That is a key area to take out on the next push higher, as that is a pretty good zone and should be pivotal up here

04 Apr 2018 02:53 pm
if ES can push up through 33.50 and not turn right back down, then there should be another push higher after a pullback stalls. Needs to take out 33.50 soon if going to try for 38 area and not copout up here

04 Apr 2018 03:02 pm
still has been grinding higher with all of the pullbacks being bought and should stay strong holding over 2628 area

04 Apr 2018 03:04 pm
look for another pullback to hold at or above 28. Shouldn't go back down to the 22 area now if it's going to stay in a trend up mode into the last few minutes of trading

04 Apr 2018 03:13 pm
only that 37.50-38.50 resistance can keep this from making its rally into the close. A pullback should come from this major area but needs to be only 5-7 points and then turned up with gusto

04 Apr 2018 03:15 pm
a good chance of that being a top unless this can get turned up from around the 32 area and get turned up again in order to keep this from a potential breakdown at a minimum

04 Apr 2018 03:21 pm
pullback turning up from another higher low and needs to take out the 38.50 resistance on this move or else there could be another move back to the 30 area or more instead of moving higher into the close

04 Apr 2018 03:29 pm
likely going to keep on pushing higher into the close, as I have been saying ad nausea. has to hold 30.50 at the most, a ways down there, to get a late day reversal. Pullback should hold around 38.50-37.50 at worst now it looks

04 Apr 2018 03:32 pm
in the last 30 minutes the market should continue to move higher, likely going to take out the 44-45 area next, as long as a pullback doesn't go down below 37.50 area now

04 Apr 2018 03:34 pm
have a great rest of your day. I'll send an update and then I will meet here tomorrow morning with a quick comment before the open. Take care!

 

INTRADAY LOG FOR TUESDAY - APRIL 3, 2018

HOW OUR TRADING DAY WENT: Early strength lasted 20 minutes and reverse from 2597.50 resistance for a nice entry on the short side. A 24 point drop followed. After that we had good reactions around resistance zones, with the top being 1 tick above the 2618.50 resistance. CLICK HERE for a quick video recap from Ian.

INTRADAY LOG FOR MONDAY - APRIL 2, 2018

02 Apr 2018 09:17 am
good morning. It looks like the ES needs to get over the 37 area to go avoid going towards Friday's lows

02 Apr 2018 09:25 am
should be sold further early weakness unless a very strong bounce from 30.50 area

02 Apr 2018 09:30 am
needs to have a bounce go up through 33.50 and hold 32.50 in order to get a bounce attempt of some sort that most likely fails, especially unable to get through 35-36 and stick

02 Apr 2018 09:31 am
immediate breakdown, has to reverse up through 35 area still or else go to or through 27 area major support early

02 Apr 2018 09:35 am
bounce off of 28 support stopped at 34.50 so far and needs to take out 35 and stick before ultimately become back down to or through the initial support

02 Apr 2018 09:38 am
bounce from the initial support made it to 35.50 so far and needs to keep going to or through 38 area next. Needs to hold 36 at worst

02 Apr 2018 09:40 am
having trouble at 38 updated resistance and should come down to test or break 34 area and not turn right back up again if that's going to be a top for a while

02 Apr 2018 09:43 am
34 broken and has to get over 35.50 at least and stick otherwise back to test or break 33.55 and 32.50 initial support

02 Apr 2018 09:47 am
28-27 the national support and should go through it by a bit at least

02 Apr 2018 09:49 am
holding under 29 area keeps pressure on her now down to 21 area possibly if this 25.550 area doesn't hold

02 Apr 2018 09:53 am
should hold under 26 area and not take out 27-28/hold to make it down to 21-20 or more. still headed to or through 21-20 area holding under 26 area

02 Apr 2018 09:57 am
21.50 low just above 21--20 support but still needs to take out 26 and especially 28 without turning right back down

02 Apr 2018 10:02 am
25.75 bounce high and holding under 26 Pressure on to test or break 21-20 and going under 19.50 could start another leg holding under 22 area on a bounce attempt

02 Apr 2018 10:05 am
2609.50-2608 is the next important support, but looks like potential for a low for a while if this move gets through 21 prior support and holds on a dip to get over 26 area

02 Apr 2018 10:06 am
attempt for the Dow to make a double bottom, however this bounce is failing under 21-22 so unless taken out and held then goes back to or through 16

02 Apr 2018 10:11 am
tiny double bottom at 16-16.25 but still has to take out 21.50 area without turning right back down in order to try another push higher before failing

02 Apr 2018 10:14 am
if the 13-12 area doesn't give a bounce above 20.50 then the door stays opens for a move down to next support at 2609.50-2608 area

02 Apr 2018 10:18 am
about to break the downtrend resistance on 1 minute chart per the e-book, so a move over 19 is needed and held to break current downtrend otherwise continue moving lower towards 2610 or more

02 Apr 2018 10:21 am
still holding under downtrend resistance and headed towards 12 and if broken then 2609.50-2608 important under that

02 Apr 2018 10:22 am
double bottom and should get a bounce of some sort going now

02 Apr 2018 10:23 am
if it cannot take out 20-21 prior support and hold though, it still under some pressure and another push lower would be possible

02 Apr 2018 10:26 am
bounces still sold by stopping 18.50 and stalling about a minute and rolling over and asked to be a bounce with gusto that goes 5-10 minutes at least

02 Apr 2018 10:27 am
2609.50-2608 still possible unless 13.25 holds a third time and runs up over 20 with some gusto which isn't looking likely

02 Apr 2018 10:30 am
another push lower and 2609.50 needs to give a good bounce otherwise could be some more damage done today going through 2608

02 Apr 2018 10:34 am
any kind of bounce from 2709.50-2708 would need to go up through 18-19 in order to have a reversal. taking out 2608 and only a feeble bounce can mean 2602.50 area next

02 Apr 2018 10:40 am
2605 low so far and holding over 2602.50 for now and needs to keep going over 10.50-11 in order to attempt changing things for a while anyway

02 Apr 2018 10:42 am
should be a low in place for a while, but can't get a good bounce going unless a move over 11.50-12.50 at the most to roll over one more time

02 Apr 2018 10:44 am
bounce back to 12 so far running out of a little steam and needs to hold 2609 area or else continue down to somewhere around 2605 and possibly a little bit lower

02 Apr 2018 10:47 am
rolling over and need to go through the 2605 low possibly 2602.50 area if a lower low and not run up over 12-13 area and stick

02 Apr 2018 10:49 am
higher low but unless the 12 level is taken out it's still under pressure to go back down to or through the low

02 Apr 2018 10:50 am
2606.50 should be taken out on this leg down in order to have a shot at a lower low under 2605 also

02 Apr 2018 10:57 am
all of these pop-ups are being sold and with the ES if the 2602.50 support area there will need to be another one quickly otherwise headed to or through 97 area next

02 Apr 2018 11:04 am
can bounce from 2696.25 level and needs to be with gusto or else also sold in this choppy but steady downtrend

02 Apr 2018 11:11 am
if the ES takes out the 91 level, then all last below is major area around 87-86 were the last big low made 2 Fridays ago, and tested a number of times now but 91 the closest during day session

02 Apr 2018 11:14 am
attempting a bottom down here but needs a better bounce to take out the old 2597.50-2798.50 support area without turning right back down

02 Apr 2018 11:15 am
headed down there the way this is acting so would need to be a reversal with some gusto from 86 or just above

02 Apr 2018 11:19 am
89.75 quickly turned back up, has this doesn't want to stay under 2590 very long at all. Needs to keep going over 97.50-98.50 or else steady choppy downtrend intact though at the moment

02 Apr 2018 11:19 am
still in a choppy downtrend otherwise

02 Apr 2018 11:26 am
could be a low in for a while now, has to stay over 91.50-91 and quickly turned up in order to look that way and avoid another breakdown

02 Apr 2018 11:35 am
another film bounce and unless the ES gets over 97.50-98.50 then the pressure stays on to go through the low area and test or break 86 possible

02 Apr 2018 11:39 am
the ES took out 86 and also the 200 day moving average at 2589 area on the S&P 500 cash. New low down at 75.75, this opens the door for a move all the way back to or through 2534-2532 roughly on the ES as a bigger picture possibility if pressure stay

02 Apr 2018 11:44 am
2572.25 low so far and should be next support around 62 but more important at 52 area. A reversal up from around that area could start a nice reversal with a higher low-1987, though a different pattern

02 Apr 2018 11:47 am
with the ES having taken out the 200 day average, which lots on Wall Street treat take as finally bearish, or so if on a closing basis oh. When it broke, that's when this last drop started. Bounces should keep failing but they shot at 62 and 52 stil

02 Apr 2018 11:54 am
bouncing back to the 85 and failed again and that should continue and make another move towards 62.50 area if no double bottom is made on this move into the noon time frame

02 Apr 2018 12:00 pm
so far the ES went up and tested the 86 prior low from the bottom side and was turned away, and unless the ES can get back over 86 and hold on a dip after that, it will be vulnerable to drop to or through the low and if so 62.50 area could be next

02 Apr 2018 12:07 pm
has to go through 75 soon without popping right back up from there but instead finally a push through that holds soon

02 Apr 2018 12:12 pm
making new lows and unless the ES goes back over 86 from the bottom side and holds, it could be a reversal of some sort. that probably won't happen soon and 62.50 area if possible next

02 Apr 2018 12:15 pm
the ES doesn't being at new lows for very long down here now, and would expect some sort of bounce if another push to a lower to a token lower a occurs

02 Apr 2018 12:21 pm
there could be a low in for a while if this doesn't roll over from the 78 area but especially hold over 72.50-72 area still

02 Apr 2018 12:22 pm
I will be back around 1:15 roughly and will update ASAP if not stopped on a phone call or something. Could be a test of the 86 area if this can make a decent run up and set of another new low

02 Apr 2018 12:34 pm
coming up to the 86 area which was the 3/23 low, would need to break and hold over that area or else sellers still in control

02 Apr 2018 12:39 pm
bounce pausing around 86 a second time and unless broken through and able to stick, a decent pullback can happen before another bounce happens

02 Apr 2018 12:43 pm
should be under pressure holding under 82.50-83.50 area. IF broken through then getting to 91 is just 1/4 of the way back up from Friday's high and important area if it's reached. With good buying on a dip now, should hold 79 at worst to keep upside

02 Apr 2018 12:45 pm
could be going for the 91 area (+/-1 point) which needs to be taken out and held or else still not out of trouble

02 Apr 2018 01:22 pm
ES made a 2 spike highs at 88.25 and stalled before backing away and and now should be headed back to test or break the low area unless the Dow cash could make a double bottom and turned up with gusto – not likely if the low is broken

02 Apr 2018 01:24 pm
another feeble bounce attempt that should fail around here and go down to another lower low for this move

02 Apr 2018 01:32 pm
ES will need to hold 65.75 low of the day or else go to 62.50 and maybe 58.50 but especially the 52.50 area if this keeps failing on small bounce attempts

02 Apr 2018 01:40 pm
the ES is going to need to do better than just a bounce back to 74.50 and is under pressure to go down to 62.15 area unless broken above and held above 74.50 area

02 Apr 2018 01:43 pm
so far today all of these little bounces have failed, the biggest bounce has been 19.50 points of the 72.50 point drop starting 10 minutes or so after the open. All bounces should still fail, trend down so far

02 Apr 2018 01:48 pm
watch for the 60 level to give a pop-up, but not stick and come back down to or through the 58.50 area if a bounce doesn't last longer than 5-10 minutes maximum and not take out 74.50

02 Apr 2018 01:54 pm
not sure what this will do if this closes the day under the 200 day moving average which is at 2589.22 on the S&P 500 cash in about 25 points above here. Likely keeps pressure on, bigger breakdown today through last week's lows and also 86 did more d

02 Apr 2018 02:03 pm
56.25 low so far and if this action continues then another push lower should get to the 52 area and if that doesn't hold then only the 43-42 left to hold before getting to the 2532 area on S&P 500 cash, roughly 35-32 area on the ES

02 Apr 2018 02:10 pm
Dow cash is back to where it bottom and reversed on 2/9. 23,360.29 low that day and 23,344.52 lower low just made with that ES reaching 52 updated target/support. Next is the 48 area and then 43-42 last possible reversal area to avoid 2632 area

02 Apr 2018 02:11 pm
Need to take out 65.50-66.50 area and not get turned right back down

02 Apr 2018 02:15 pm
for this trend down kind of action to continue, should only have one more pop-up and turned down again stopped in the next 4 minutes of trading

02 Apr 2018 02:17 pm
if going back down towards a then needs to stop and turned down from here at the 64 area. Take out 56 on the way down if it's going to go to the low again

02 Apr 2018 02:21 pm
maximum upside should be around the 72 area on this bounce, however could be an important low in place right now with the Dow cash breaking and reversing its old low from 2/9. and this bounce has some gusto

02 Apr 2018 02:28 pm
so far 86 point drop from top to bottom this morning and the Dow 970 points from its early high to its low under the 2/9 low. Just had another bounce fail at 67.75, has to get through that and then 72 in order to even TRY to reverse things. Should be

02 Apr 2018 02:33 pm
this bounce must get over the prior high at 67.75 and not get turned right back down again, otherwise another push lower as soon as this bounce stalls and turns down again

02 Apr 2018 02:38 pm
failing at a lower high and now a pullback will need to be small and take out 66.25 and then 67.75 without an immediate turn down just to TRY getting out of trouble a bit, probably won't happen. Taking out 57-56 should go to or through the 52 low of

02 Apr 2018 02:39 pm
could be another bounce, or just collapsed down to or through 52. Whatever the case bounces should still fail unless there happens to be a strong move higher and take out 68 area without turning right back down

02 Apr 2018 02:39 pm
next update in about 10 minutes or so if needed

02 Apr 2018 02:55 pm
a good bid coming in on the decent pullbacks but still needs to make a push over 68 and just have a small pullback before pushing higher and if soa move up to 78.75-79.00 is about 25% retracement from Friday high to today's low to take out and hold i

02 Apr 2018 02:57 pm
needs to quicklyy turn up from 61 area at worst or else could keep on going lower and set up another poke higher that likely is solld intoa bit higher up

02 Apr 2018 03:00 pm
still holding 61 after bouncing from the 62.50 level and if that is broken then should take out 61 and come down to around 58 area again – maybe lower if reached. A move over 68 not quickly reversed needed to try for higher prices – 86 area shoul

02 Apr 2018 03:02 pm
if this comes down through 61 it should keep on going and 58 area would need to hold to avoid a test of the low

02 Apr 2018 03:07 pm
area around 68-69 should be sold into if reached again. Should be a hard time getting over and holding over that area in the last hour, but going to the lows much easier if they want to – and it has been mostly a trend down kind of day

02 Apr 2018 03:14 pm
bounces were 19.50, 15.75 and so far 17 point bounce from 50 to low to the 69 bounce high,, and needs to go over 71.50 in order to break symmetry. Also, needs to be strong enough to at least have 25% retracement which is that the 78.75-79 area. Kind

02 Apr 2018 03:18 pm
107.50 point drop from the Friday afternoon high to today's low, and 86 point range and today's regular trading hours session so far. That ES needs to push through 72 and then 78.75-79 area to push through above that

02 Apr 2018 03:22 pm
backing away from 74.25 and if there is going to be a late day reversal or pullback then it should come from there and take out 68 with some gusto and not get turned right back up again. Breaking that can start more bounces being sold

02 Apr 2018 03:25 pm
the door is open for this to either keep polling back or fail if there is another bounce. So far reached 65.75 and that is as far as it should go in order to get another bump up to or below 74 and especially 79

02 Apr 2018 03:26 pm
this downturn started at 3:20 PM and a time for a top often. Need to stop here over 61.50-61 or else could keep coming right down to or through 58 next and a shot at the 52 low of the day

02 Apr 2018 03:32 pm
62.25 pullback low just above the 61.50 area and will need to hold or else there could be a bigger breakdown in the last 30 minutes of trading today

02 Apr 2018 03:34 pm
I think that's about it. Would they expect another pop-up to fail under the 74 area and holding under that is going to keep pressure on for a move lower into the close – especially a break under 61.50 and not quickly turning up again here.

02 Apr 2018 03:39 pm
have a great rest of your day. Update this evening and then I'll meet you here tomorrow. Take care!

 

INTRADAY LOG FOR THURSDAY - MARCH 29, 2018

29 Mar 2018 09:11 am
Good morning. the market is getting end of month and quarter buying on the open, and looks like 16-15 needs held or else

29 Mar 2018 09:15 am
go on up through 21.75-23 or else still in the range from yesterday and likely come back down again. Should be pressure on unless broken/held

29 Mar 2018 09:18 am
I will update a little bit after the open and then meet you online around 10:24 thereabouts

29 Mar 2018 09:20 am
if you still have a partial short position on, let's cover on the open and if something decent shows up again for a potential bigger picture move I'll look to reenter

29 Mar 2018 09:22 am
19-20 will need to be cleared and not turn right back down

29 Mar 2018 09:31 am
needs to get through 23 and then hold around 21 and turn up after that or else come back down to around the 19.50 area.

29 Mar 2018 09:32 am
23.75 reach and turn right down and now needs to hold around 21 and turn up otherwise come back towards 19.50 which must hold

29 Mar 2018 09:37 am
should be a high in place unless a strong run up from 19.50-19 area

29 Mar 2018 09:38 am
top at resistance so far and has to be broken through and held otherwise support now at 16.50-15.50 where a breakdown could get some momentum if taken out and not turn up right away

29 Mar 2018 09:42 am
should keep pushing lower and take out 16.50-15.50 in order to get a bit more momentum. Stay with shorts or be short if and at higher levels

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29 Mar 2018 12:01 pm
the ES turned up around 10:10 AM with some gusto and after going through the 23 resistance the move extended on up to the 42-43 major #2 today, pulled back 14 points, and this bounce reversing at 37 could be a top for a while

29 Mar 2018 12:02 pm
if 28 is taken out, 26 a minor area just below that but now the 33.50-32.50 area a key support if another push lower

29 Mar 2018 12:05 pm
even if this holds 58 at the moment, it will be broken after a bounce of some sort fails and still reach at least 26 and maybe 23-21.75

29 Mar 2018 12:08 pm
bounce failed and unless 37 is taken out this will be bearish with a shot at 26 and possibly 23-21.75 area and a potential breakdown if take out and held

29 Mar 2018 12:14 pm
27 reached then quickly turned up and that is about the midpoint of today's trading range. Needs to keep holding 57-56 at worst, although bounces are not going to stick after running up and stalling or being rejected still anyhow

29 Mar 2018 12:15 pm
any kind of bounce should fail and be sold, as there would need to be a strong move over 37 and especially 42 in order to avoid a decent move lower yet

29 Mar 2018 12:21 pm
33-34 needs take out and held or else will be a pullback high for a bit

29 Mar 2018 12:25 pm
I need to be away until around 1:30, and will update ASAP if necessary. At the moment the ES should be able to avoid trouble if it holds the 27-26 area. Must get above 33 and stick in order to test or break key area up at 37, and then the high at 42

29 Mar 2018 01:11 pm
the ES just turned down from the top of this range basically 37 down to 27 and unless that is taken out on the upside then this can still come back to the 27 area and need to turned up again if reached

29 Mar 2018 01:31 pm
so far there was a bounce from a a slightly higher low just over the bottom of the range at 29, need to break top of the range around 36.50-37. another failure assumption otherwise

29 Mar 2018 01:34 pm
a move over top of the range over 37 could lead to a test of the 41-42 area, and beware of a possible reversal pattern if for reached and not broken through easily

29 Mar 2018 01:42 pm
rejection this time at 38.50 and coming back down to 35.25 area, which needs to hold in order to keep current uptrend from breaking

29 Mar 2018 01:45 pm
almost to the 42-43 resistance which should be hard to get through and stay up there very long without coming back down the way the market has been today

29 Mar 2018 01:53 pm
this move is getting to be a bit parabolic and stalling out around 45 area could give a pullback to around 43-42 where it should hold and then try another bounce if not a sharp reversal

29 Mar 2018 02:01 pm
a reversal occurring from 45.50 and taking out 41.25 prior pullback a and if this goes through that area then a bounce that follows will also be a shorting opportunity. Should be a top in place for a while, at most should be limited upside from here

29 Mar 2018 02:04 pm
46.50 is a single number listed last night, but top should be in place and if not then a slightly higher high at 46.50 area should be turned down. At the moment, 43 bounce resistance and going under 38 can continue down to 35.50 at a minimum – poss

29 Mar 2018 02:10 pm
pullback needs to be tiny and hold 43.50-43 for this to go through the high to around 46.50 roughly and then back away a little bit

29 Mar 2018 02:13 pm
turning into out another little parabolic run up that took out 48-49 but likely not stick and give at least a small pullback of some sort and then attempt another bounce

29 Mar 2018 02:19 pm
so far this rejection of 49.75 (just over 49 resistance) started a decent pullback and needs to hold the 43.50-42.50 area and turn up or it will break prior resistance on chart and symmetry on pullbacks, leaving a top in place most likely as a bounce

29 Mar 2018 02:22 pm
bouncing from 43.75 and should have trouble getting to the high and staying up there very long again. Going to need to hold 43 on another pullback without getting turn right back up with gusto

29 Mar 2018 02:23 pm
rally into the 2:20-2:40 timeframe and could end up with a decent pullback from up here if not turned around very soon

29 Mar 2018 02:33 pm
opposite of the last couple of days, for the most part anyhow, all of the dips have been bought, sold around new highs. This action could continue until about 3:45 if they don't pullback to far, take out 40-39 at worst

29 Mar 2018 02:35 pm
another token higher high should be sold and then after a pullback it should get bid back up again, has to hold 40-39 at very worst and somewhere a little bit above that.

29 Mar 2018 02:36 pm
update and about 10 minutes or so fifth needed.

29 Mar 2018 02:46 pm
another higher high at 52 so far. This has room to go to the 58-59 area and possibly more

29 Mar 2018 02:51 pm
still being bought on tiny pullbacks heading towards 58-59 as long as uptrend stays in tact, holding over 50-49 important area at the moment

29 Mar 2018 02:54 pm
needs to bounce from 47 area otherwise there could be a deeper pullback underway

29 Mar 2018 02:57 pm
can keep going towards 58 area or a little under if a pullback can hold at or above the 51-50 area now

29 Mar 2018 02:59 pm
this move has run out of steam and any kind of pop-up from here should be sold into and breaking 51-50 could get some momentum on the downside in the last hour of trading. Has to be taken out and then held. Not a bounce again

29 Mar 2018 03:03 pm
49 reached so far and if this doesn't get momentum but stalls and pops up again then beware that another higher high, if one is made, should be sold into again

29 Mar 2018 03:04 pm
keep buying pullbacks as this is looking like it might want to try for the 58-59 area eventually before backing away, or breaking through at the end of the day

29 Mar 2018 03:07 pm
58-59 target/resistance was just reached and there could be a pullback but if so should turned back up one more time.

29 Mar 2018 03:09 pm
if there is a small pullback and then another push higher through the 58-59 resistance and high so far, then the next area would be at 62-63 and should be a strong area to get through

29 Mar 2018 03:16 pm
that ES has to keep going up going through 59.50-60.50 area and so far has turned down from that area and could be the start of a decent pullback if this move that's getting vertical breaks and holds under 55 area

29 Mar 2018 03:20 pm
the ES is going to need to hold and turned up from around here at the 53.58 area and unless that holds this can keep coming back down to or through 49 and that would be a bearish indication if broken through and not turned up with some gusto. Could d

29 Mar 2018 03:22 pm
need to cut out 10 minutes early today. The ES made it to a area on the chart where a breakdown started on Tuesday. Figure pullback could come down as far as the 45-44.50 area if it cannot hold 49 area

29 Mar 2018 03:25 pm
another last hour selloff not out of the question. – In any case, have a great weekend! And be ready for another volatile week next week. Take care!

 

INTRADAY LOG FOR WEDNESDAY - MARCH 28, 2018

HOW OUR TRADING DAY WENT: "sell early strength and buy the first decent pullback" and we that was sold at 2623 initial resistance, then dropped 20 points to the 2603 updated support. From there a 40.75 point rally that had a reversal bar from 1 tick over 2633.50 second resistance. CLICK HERE for a quick video recap from Ian.

28 Mar 2018 09:12 am
good morning. This is going to be pretty hard to turn right up and stick over 19.50 and especially to the 33 area. Should be more downside opening here

28 Mar 2018 09:14 am
just look for bounces to fail unless the ES gets over the initial resistance, which is relatively small bounce from yesterday a

28 Mar 2018 09:30 am
to bounce highs at 24 turn right down, that is just above initial resistance and would need to be broken through and held after that or else pressures on

28 Mar 2018 09:32 am
should hold 14 on a dip angle on to or through 24 and not reverse right back down from there

28 Mar 2018 09:36 am
20 needs broken and held under 22 now that the ES turned down from 23 initial resistance, has to hold and run up over 24 from 18.50-17.50 at worst

28 Mar 2018 09:36 am
but still bearish under initial resistance

28 Mar 2018 09:38 am
it kept coming down and should not get back over 14 and especially 18 area and keep going to or through 2708-2707 area

28 Mar 2018 09:42 am
12-13 should not be broken through or else a better bounce possible but not likely taking out initial resistance and holding. Can bounce from 2703.50 area if it's going to hold over 2700

28 Mar 2018 09:42 am
I will meet you online around 10:20 this morning

28 Mar 2018 09:49 am
meanwhile with the reversal up from 2603 updated support, could be a low for a while

28 Mar 2018 09:53 am
12 area should be a pivotal area now and needs to hold or else they shot at going back to the low rather than taking out initial resistance, or trying to

28 Mar 2018 09:55 am
backing away from resistance and needs to hold and turned up from 18 area or else could be in a bigger move lower to or through 12 area

28 Mar 2018 09:59 am
another touch of resistance should be sold also but must hold 12 area if it does under 14

28 Mar 2018 10:00 am
Should make another higher low on the next pullback

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

28 Mar 2018 12:01 pm
we had a 20 point drop from the open and a 23.25 point rally to a new high, then 33.25 point drop, and 24.25 point bounce from the low so far. Choppy two-sided action, double bottom on Dow cash. Should be headed to 20.50 probably at the highest. A be

28 Mar 2018 12:04 pm
looks like needs to keep going through 2607 area in order to get turned down to go for the 97 area possibly again

28 Mar 2018 12:07 pm
pullback to 2608 again able to hold so far but if broken by much then there could be a move back down towards the low area, or 97 area anyhow

28 Mar 2018 12:10 pm
unless the ES takes out 2608 it can make a move up to or through the 21.50-23 area again

28 Mar 2018 12:19 pm
should keep going on up towards 32.50-33.50 area before another pullback of some sort

28 Mar 2018 12:20 pm
it's not too far above, a pullback should hold at or above 21-20 in order to keep a good uptrend at the moment

28 Mar 2018 12:23 pm
I will be back around 1:20 but will update before then if necessary as soon as I possibly can. so far a high at 33.75, just over 33.50 resistance by 1 tick. If not broken/held, can pullback to or through at least 23.50 area

28 Mar 2018 12:24 pm
a good shorting opportunity that might be worth holding onto four more than double-digit gains after taking profits on part in case it's just a pullback around 26-25

28 Mar 2018 12:45 pm
23.50 was broken on the way down to 16 as the ES pullback 17.75 points from that high at resistance, and should get something similar on this retest if it fails again under that high

28 Mar 2018 01:00 pm
so far came down through the 16 prior a and reached 10.00 so far and a continuation that does not hold 2607 area could start a bigger breakdown. Has to hold here at 10 or go to or through 2607, and if through by much then that then 2697

28 Mar 2018 01:00 pm
so far came down through the 16 prior a and reached 10.00 so far and a continuation that does not hold 2607 area could start a bigger breakdown. Has to hold here at 10 or go to or through 2607, and if through by much then that then 2697

28 Mar 2018 01:02 pm
as stated last night bounces will still have trouble holding and with the ES reaching second resistance and a major area and turning down at 12:20 PM should be a top – even though sideways two-sided day– yet bounces should still fail

28 Mar 2018 01:22 pm
if shorted earlier half profits taken about 10 points off of the high, still in the other half and with this going both ways and just going to keep a stop around 26 for now, should see that plus still would exit with several points. bounces made to k

28 Mar 2018 01:26 pm
I think another 50-80 afternoon drop is unlikely today. Almost to 21.50-23 resistance again and must go through and hold on this move but backing away keeps us under some pressure still

28 Mar 2018 01:27 pm
should hold around 14 area in order to have another bounce attempt

28 Mar 2018 01:29 pm
holding 14 at the moment, if not held then down to the 12-11 area possible

28 Mar 2018 01:34 pm
breakdown from tiny pop and quit reverse down from 17 and has a shot at going down to or through 2608-2606 area and if unable to hold then opens the door to go to the low. Stay with shorting bounces, and the partial position from earlier

28 Mar 2018 01:37 pm
this is NOT a bullish pattern, as a lower bounce high and reversal back down to the enough to take out prior swing a and get downside moving – possibly towards 2603 or-2697

28 Mar 2018 01:40 pm
another higher low and needs to go over 17 at especially 19.25 if this is going to avoid potential breakdown from up here possibly

28 Mar 2018 01:41 pm
turning down from a little under 17 could be a good short with a fairly tight stop

28 Mar 2018 01:47 pm
so far a low at 2609.50 and then held at 11.25 and turned back up, so as long as 2611.25-2609.50 is broken pullbacks should be bought for a move to or through 21.50-23 area and hold on a small dip and turn up afterwards. Another failure possible othe

28 Mar 2018 01:51 pm
could be an important bounce high if there is a break under 18.50-17.50 without turning right back up again. Opens the door for a bigger pullback but likely to a higher low

28 Mar 2018 01:57 pm
16-15 will need to hold and go back up above the 24.75 and then hold on a smaller pullback, otherwise this pattern could end up breaking uptrend lines on about every thing

28 Mar 2018 02:02 pm
tops in place and shorting any kind of bounce should be good for a good spelt trade at a minimum however this could be a better move holding under 21.50 at the very most and taking out 15

28 Mar 2018 02:05 pm
any kind of bounce now should stop under 21.50 and likely around the 15-16 area at the most, a move to that area or anywhere in here that stalls out sets up another good shorting opportunity. Or you can basically get in and hang on Wednesday

28 Mar 2018 02:11 pm
breaking down is now happening in there should be a decent move the 26th 10-2609 area is broken through and holds under 2610-2611 at most before going down again

28 Mar 2018 02:18 pm
this bounce from the 2607.50 important support area needs to take out take out 16-17 area and especially 21.50 area, or else another pullback should come from that area

28 Mar 2018 02:26 pm
another failed bounce at the moment unless this can turn back up from 14.50 area or higher, otherwise could go back down to or through 2607.50 major area

28 Mar 2018 02:28 pm
with such volatile action, as I stated earlier, it's best to let the ES get to an extreme area on a bounce and enter on a stall or reversal and we just had that on a one minute chart at this top. Should be headed to or through 2707.50 area

28 Mar 2018 02:29 pm
2703.58-2702.50 area would be next if a breakdown occurs

28 Mar 2018 02:33 pm
pop-ups still being sold into off of this 2608 level and just over major support quick needs to hold in order to avoid what could be another late day breakdown

28 Mar 2018 02:41 pm
so far this pullback has held 2608 and just over the 2607.50 updated support, just above initial support, so unless broken buyers have control right now and need run this up take out 2623, and leave it 10 points to go if it wants to test the high at

28 Mar 2018 02:44 pm
21.75 bounce high so far in the 21.50-23 zone and shouldn't take out 23 unless it's going to try for the high at 33.50 resistance today which it's doubtful with all bounces failing

28 Mar 2018 02:47 pm
getting close to the bottom of this range again and will need to hold over 2608-2607 or else could have a breakdown go towards the lows possibly more

28 Mar 2018 02:54 pm
rolling over again after a bounce from 10.50 and still must hold the 2608-2607 area or else a bigger end of day breakdown possible

28 Mar 2018 02:58 pm
that ES has been stuck in this range since 1 PM pullback low/reversal and 1:55 PM bounce high. Now all of the bounces are failing again and this. Again on the downside if not turn up seven

28 Mar 2018 03:02 pm
you should be short half of a position after exiting half for about a 10 point profit and am going to hold on to the rest of this and keep a stop at 23, as that should not be seen if still in poor shape. Ideally should break 2607 before the end of th

28 Mar 2018 03:05 pm
there it goes, needs to keep going down through 2603 area and then keep on going under 2697-2695 and have a 5 minutes close under 2697. That did not happen early in the morning, 2697 held on a 5 minutes chart

28 Mar 2018 03:08 pm
if a bounce, should have resistance at 2607-2608 area and 2612-2611 above that. Probably not going there, stay short and this should end of taking out 2697 area and possibly holding this time

28 Mar 2018 03:16 pm
the ES bounce from 97 initial support back to 2609.50 so far and should stop around 10 at the highest and come back down if this is going to stay week

28 Mar 2018 03:19 pm
quick rejection of the 2609.50 level will keep this under pressure unless that area is broken above and then able to stick for a change rather than another failure and drop

28 Mar 2018 03:30 pm
in the last 30 minutes of trading that ES will need to take out 2612 without turning right back down, which would allow the ES to go back up to or through the 21.75-23 top of trading range and initial resistance. otherwise another failure could go ba

28 Mar 2018 03:32 pm
in case of another failure, which isn't looking all that likely, then a poll but could come back down towards 2697 area again

28 Mar 2018 03:34 pm
have a great rest of your day! I'll update this evening and then meet you here sometime in the morning before the market opens.watch instructions for early going in case I am not. Take care!

 

INTRADAY LOG FOR TUESDAY - MARCH 27, 2018

27 Mar 2018 09:05 am
Good morning. Another higher open is going to be sold into this morning. Should have trouble getting through 72-73

27 Mar 2018 09:10 am
we have a live session today starting around 10:20 AM or a little after, just a heads up. I will update a little after the open and then meet you online around that time

27 Mar 2018 09:22 am
if this early strength get sold into as usual look for 63-62 area to be a major area to hold hold around if going to still be strong as that just fills the gap. Taking out 52-51 can roll this over

27 Mar 2018 09:28 am
68.50-67.50 will need to be held, 66.50 area at most, to avoid early pullback to or through 63-62 possibly

27 Mar 2018 09:29 am
also a turn should come in the first 20-40 minutes at most unless it's a trend up almost straight up move

27 Mar 2018 09:32 am
about to test or break through 63-62 and needs to turn up with gusto and take out 72-73 area otherwise bigger pullback before buying comes in at lower levels

27 Mar 2018 09:35 am
has to keep going through 60.50-59.50 area without a good strong run up. Taking out the 55.50 area can break the current strong upside trend

27 Mar 2018 09:36 am
should get down there holding under 65-66 right now. I will meet you online around 10:20 roughly

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

27 Mar 2018 12:05 pm
the ES had been very choppy but after making a second low a little of both support the breakout over 64.50 The upside going with some momentum and so far reached 75.50 so far, and should keep going as long as 71 area holds at worst right now

27 Mar 2018 12:07 pm
71 was the high on the open and 70.75 was a pullback to dynamic support on the 1 minute chart before this last pop-up. if broken then a bounce that follows will likely be sold as a noontime top likely in place

27 Mar 2018 12:11 pm
I think that I may have just updated at a top for today, or at least a noontime high and decent pullback possible on a break through 68.50-67.50 area

27 Mar 2018 12:23 pm
with the ES stalling out up here there should be a pullback coming and possibly selloff of some sort if this holds under 73.50 much longer

27 Mar 2018 12:25 pm
unless 73.50 happens to be broken above with some gusto to the move, breakdown of some sort already underway. I need to be away until around 1:20 but will update when possible. Needs a break/hold under 70 soon

27 Mar 2018 12:34 pm
if in a short position from 70 at the worst, consider locking in partial profits at 61 or better and stop to break even on the remainder. That will be a keeper if not stopped

27 Mar 2018 12:38 pm
minor bounce resistance at the 66.50-68 area to clear in order to keep it so the next pullback has a shot of getting bought also. Update in a while

27 Mar 2018 01:03 pm
the ES came down to 62.75 and quickly turned up and so far reached 70.75 for a millisecond and a move under 67 area should mean another pop-up is sold and then that dip would be "must hold" area to avoid possible reversal. Update in about 20 minutes

27 Mar 2018 01:23 pm
the ES went further than anticipated and reached 73.25 and 74 was the little bounce high before the bigger pullback started after topping out/reversing at 12:05 and should keep pushing lower now

27 Mar 2018 01:27 pm
it was a choppy upside move with higher highs and higher lows until just now taking out 65.75 reaching 65.25 so far, any kind of bounce from here is just a retracement and stays under 73.25. 69.50 469.50-70 area for rejection if reached. Holding und

27 Mar 2018 01:30 pm
could bounce from 64-63 but only to be sold into at some point a bit higher up,

27 Mar 2018 01:32 pm
bounce off oh 64.25 so far will need to take out 69 area oh was a failure at or below that level and roll over again. Probably not getting up there and taking out lower levels first

27 Mar 2018 01:37 pm
2661 prior swing a and 60 EMA confluence must give a bounce that is not a feeble and goes through 64.50 at a minimum and able to hold 64 and turn up after that. Otherwise, steady downtrend stays in tact and going for the 58.15 area next

27 Mar 2018 01:41 pm
needs to have a good bounce from 57 next target, and if only a feeble bounce then headed to or through the low area at the 53-52 zone a good possibility

27 Mar 2018 01:42 pm
right now if there's going to be a higher level and a good strong run up late in the day, need to continue holding 57.25 low at updated support area and at least take out 63 area on the upside now, with enough gusto to hold after a tiny pullback

27 Mar 2018 01:46 pm
so far holding under 63 area but if broken and held after that things could change. Right now downtrend stays in tact and another lower a possible unless 62.50 broken with gusto

27 Mar 2018 01:48 pm
came down to 58.25 so far and taking out 57.25 without turning up can keep this going to or through the 53-52 zone were a low of the day is already in place

27 Mar 2018 01:51 pm
could be a breakdown area if 53-52 is taken out and then held below after that and keeps going to or through the 41-40 area today

27 Mar 2018 01:54 pm
need to stay under 54 at least but especially get back above 60-61 in order to avoid bigger drop today and potential breakdown underway

27 Mar 2018 02:00 pm
with a quick spike down and reversal up from a test of the 50 low, it should be able to hold and make a move back to or above 67-68 at most or else starting to reverse the reversal

27 Mar 2018 02:04 pm
a third time downto the 50 area will have a better shot at being broken as it's not going to get turned right back up as quickly as last time. Good offer all the way down

27 Mar 2018 02:07 pm
41-40 has a shot today if this begins holding under 54.50-55 area after making this lower a and still feeble bounce

27 Mar 2018 02:13 pm
49.25 currently the a and now turning up with the Dow and the NQ to a lesser extent, but should get a move to test 62-63 and not back away if reached. May not get that far the way it's acting

27 Mar 2018 02:20 pm
the ES is running out of some momentum here and will need to get over 69 area and stick soon or else roll over again

27 Mar 2018 02:21 pm
69 was updated resistance and could be a pivotal area in this 2:20-2:40 timeframe, or 3 PM after that

27 Mar 2018 02:26 pm
so far the pullback from 69 updated resistance came down to 50.75 and on its way to test or break the low and if break through can first test out 48-47

27 Mar 2018 02:30 pm
46.50 reached so far and 41-48 target/breakdown area not far below here

27 Mar 2018 02:31 pm
if there is a move to that area with no sign of a reversal, then things could began getting ugly like Thursday and Friday afternoon possibly

27 Mar 2018 02:38 pm
the Dow cash made a double bottom, yet that ES not out of trouble yet. At the moment holding under 52-53 area keeps us under pressure and the vulnerable for a move down to 40-41 if there is a lower low. With a 2:30 low and reversal attempt, must take

27 Mar 2018 02:45 pm
the ES made it up to 55 and is going sideways stalling at 52.50 and unless this goes back over 55 soon it goes the other way back to or through the low

27 Mar 2018 02:47 pm
should keep coming through the 48.50 area if it's going to make it down all the way to or through 45.25 low

27 Mar 2018 02:49 pm
still has a shot at the 41-40 area,or lower, as this action is extremely poor and could precede something bigger on downside coming again

27 Mar 2018 02:58 pm
almost to the 41-40 area, and not sure that can even stop this from selling off. Would probably go down towards 34-32 if not reversed from at or above 40 was some gusto and take out at least the old 46.25 low area and then higher

27 Mar 2018 03:00 pm
34 area still possible. If broken right through, or just a feeble bounce again, then could keep going down towards the 22-20.50 zone which is down there always yet

27 Mar 2018 03:02 pm
36.50 so far and likely going down to or through the 34-33 area. This has been a cell on every bounce attempt that has stalled out, and the last 2 did just that

27 Mar 2018 03:08 pm
ES is going to need to hold in bounce from the 22-20.50 zone not far below, or else this can keep dropping hard and a chance of the 13-12 and if that is broken 2603-2602 from yesterday major and could lead to panic selling if taken out

27 Mar 2018 03:10 pm
so far 19.75 low, just under 2622-2620 area and quickly turned up. Unless the ES goes back under 20 it should try clawing its way back a bit

27 Mar 2018 03:12 pm
holding under the 30 area and will need to go over that with some gusto and hold, otherwise this could keep going until around 3:30-3:40 before turning. Possibly into the close

27 Mar 2018 03:22 pm
66.75 point drop from the noon high when I mentioned it could be a top and to get short. anyway, that is the biggest afternoon pullback we have had since we have had bad days on Tuesday/Wednesday. This should have one more pullback the way it's actin

27 Mar 2018 03:22 pm
a bunch of "sell on close" orders that come in in the last 15 minutes or so

27 Mar 2018 03:27 pm
testing the lows with about 30 minutes left in trading and must not go back under the 20 level and stay under 22.50 after words in order to get a bigger end of day washout down towards either 2612 for all the way down to 2603-2602

27 Mar 2018 03:28 pm
at the end of the day that ES is going to stay in a downtrend and have a further breakdown unless the ES can get back above the 33-34 area. Unless that happens, zones listed above could be seen.

27 Mar 2018 03:29 pm
have a great rest of the day. Still shorting is the best opportunities. Take care and I will meet you here in the morning after reading tonight's update. Take care!

 

INTRADAY LOG FOR MONDAY - MARCH 26, 2018

26 Mar 2018 09:10 am
good morning. the ES currently just above what was a double bottom on Friday and then breakdown area shortly before 3 PM, and needs to hold 27.50-26.50 area or has topped out. Taking out 37 needed to attempt upside extension, not happening early most

26 Mar 2018 09:19 am
26 held twice and that's as far as it should go or else could go to 22.50-22, possibly 19-18 or lower if this higher open is going to be the oversold bounce

26 Mar 2018 09:28 am
26.25 held several times pretty open and 26-27.50 resistance is what needs to be broken and held in order to avoid some more pullback

26 Mar 2018 09:32 am
major area to get through today is around 50 and with enough gusto to stick. Likely not going to happen. Right now 31-30 needs to hold at worst

26 Mar 2018 09:36 am
should break 30 and hold under 34 if this is going to top out for a bit

26 Mar 2018 09:42 am
should have some trouble around the 41-42 or a little lower or else could keep going towards 49.50-50.50

26 Mar 2018 09:45 am
rolling over from just under 40 and needs to bounce from around the 34-33 area at worst or else top should be in for a while

26 Mar 2018 09:47 am
any kind of bounce is going to be sold and cutting through 32 should get more pressure on for a failed bounce.

26 Mar 2018 09:49 am
38-39 should be sold but if broken through and stead then around the 42 area should be some trouble

26 Mar 2018 09:54 am
bounce turned down at 37.75 yet still holding around the 32 area and needs to break that in order to get another leg down and not a chance for a move to or through 40 area. Still bearish under that area

26 Mar 2018 09:55 am
looks like this could get up to 40 or higher as long as 35 area holds now

26 Mar 2018 09:58 am
herky-jerky open, has to break 32.50 and not get back over 34-35 in order to get a reversal to the downside. tops made around 38-39 and a short up there with a tight stop for a pullback to test support

26 Mar 2018 10:01 am
39-40 needs to be taken out soon and stay up there if this is going to have a shot at the 49.50-50.50 area which is doubtful this morning

26 Mar 2018 10:06 am
breaking down of that now and should go down to or through the 29 area in order to leave a top up here, and not make one more run up attempt from just above that level

26 Mar 2018 10:11 am
little bounces failing now and a hold under 34 area should keep pressure on

26 Mar 2018 10:17 am
good support at the 27.50-26 area to break through the bottom of and then hold under 27.50 in order to have a bigger reversal and retracement, otherwise bottom of a range for a while but still short on bounces

26 Mar 2018 10:23 am
turning around after making a token lower low during the day session, and still has good support at 27-26 that should hold to avoid a bigger pullback

26 Mar 2018 10:25 am
30.50 is going to be pivotal now, stays bearish down to 27-26 unless broken above and held

26 Mar 2018 10:29 am
broke through 27.50-26 and needs to hold under 27 to keep good pressure on and especially 28.50-29, so to stay under the last bounce where good selling came in

26 Mar 2018 10:29 am
heading towards the 22-20 area or lower now around 19-18

26 Mar 2018 10:33 am
19.50 reached and turned up quickly, but if no follow-through back over 23.50-24 and hold. Has to go over 26-27.50 and hold now

26 Mar 2018 10:39 am
bounce reached 25.75 so far and needs to go through 26-27.50 and hold 26 on a dip, otherwise a move in that area that gets rejected or stalls sets up another good short

26 Mar 2018 10:45 am
every bounce being sold and headed to or through 18 area and maybe down to the 12.50-11.50 area if downside gets momentum and holds under 23-24 at most

26 Mar 2018 10:46 am
look for 15.50 area for a possible bounce and if not then 12.50 area

26 Mar 2018 10:51 am
should be a pullback low in place, just needs to keep going and take out 26-27 area and then hold at or above 26 so still some work to do in order to avoid one more small push lower

26 Mar 2018 10:57 am
can get going up towards 28.50 area if 26 is taken out and not turn right back down, otherwise another leg down possible

26 Mar 2018 11:00 am
53.25 points run up from Friday low and a 23.50 point pullback off of today's high and should make another test of the low area, if no sign of a bounce then 18 and possibly 12.50-11.50 area

26 Mar 2018 11:06 am
for now about oversold rally is over with the ES heading towards the 12.50-12 area before a bounce attempt otherwise could keep going toward 2606.50 area next

26 Mar 2018 11:09 am
the ES is going to need to have a good bounce come from 12.50-11.50 or else 2607-2606 is a minor area and 2602 last area before 97.75 Friday close or more

26 Mar 2018 11:17 am
went through 2612 easily and bounced from 2609.75 to 2615.25 and backed away again. another poke down to 2706.50-2706 would need to immediately turned up or else 2602 tested or broken under that

26 Mar 2018 11:22 am
right at the 2602.50-2601.50 prior initial resistance and trying to hold as new support and must otherwise 2697.75 Friday low area gets a test and made you lower

26 Mar 2018 11:23 am
but for now it could turn out to be a low with a 37.75 point pullback/drop

26 Mar 2018 11:28 am
downtrend across the tops of the Dow cash can be watch for breakout on the upside, or retests of bottom side. ES needs to have a pullback hold over 2702. Could be one more decent bounce attempt as long as that holds and takes out 15.50-16.50 at a min

26 Mar 2018 11:32 am
so far a bounce and a small pullback holding so far to keep the 2602 low in place for a while now and should test were break 14-15.50 area in order to try getting a turn around going which should be hard holding onto

26 Mar 2018 11:38 am
another failed bounce attempt if the ES doesn't get over 15.50 and hold 14.75 area on a dip after getting up there if going to try continuing higher and not rollover around that area

26 Mar 2018 11:56 am
this bounce has made it back to where decent pullback could start around the 22 area which was just messed and should be hard to take out and hold

26 Mar 2018 11:59 am
if it does take out the 22 area, 24.75-25.75 area would be next area to get through on the top. Doesn't look likely at the moment, a move to or through 14.50-12.75 area and if it is through, could keep going towards 2608-2607

26 Mar 2018 12:01 pm
topping action and should be rolling over from here

26 Mar 2018 12:09 pm
50% retracement from top to bottom at 21.25 bounce high, has to hold over the 13.50-12.50 area and take out the 21.50-22 area, or take that 13.50-12.50 area out and stick fifth going back to or through 2608 area instead – less likely here

26 Mar 2018 12:17 pm
24.50 highs so far and should hold 21-20 at worst to make it to war back above 25.75 area up here where the ES held below before it's lasts breakdown went to the 2602 level

26 Mar 2018 12:25 pm
another push higher to 26.25 and quickly backing away although not by much so far and needs to go back under 22-21 area, a pivotal area up here, needs broken under and then hold under 22 area in order to roll over, and not tiny pullback and another p

26 Mar 2018 12:29 pm
I will be back around 1:20 but will update ASAP if it's necessary and I am free at the time. In any case, with internal and sentiment gauges extremely oversold, + ES taking out 2602 then holding on a 37+ point pullback, test of high area possible but

26 Mar 2018 12:30 pm
next update around 1:20 unless necessary and probably will be at some point. Right now a reversal bar possible here going under 24.50 area without a good strong bounce

26 Mar 2018 12:40 pm
if there is going to be a lower high instead of all the way up to the 39.75 level without 32 level needs to be taken out. Otherwise a lower high was just made and another POTENTIAL reversal bar if a break and hold under 27.75 area

26 Mar 2018 01:03 pm
the quick pop-up to 31.75 was reversed around 12:36 and a gentle pullback so far so holding the 20.50 area, would need to hold now just to get another pop-up that should fail at or under 30 or could test or break 32.

26 Mar 2018 01:09 pm
the market is leaving the door cracked open a bit, with the internals fairly strong (1818 up, 1063 down stocks right now) and the inability to hold bounces keeps price action bearish also.

26 Mar 2018 01:12 pm
early should have trouble holding if there is one more test the high decent push higher as the Dow cash could get above its breakdown area and

26 Mar 2018 01:15 pm
could test or break 31.75 prior bounce high and will need to keep going and not back away again to get the Dow up towards its early high and that ES come close but may be a lower high. At the moment a good strong oversold bounce going

26 Mar 2018 01:21 pm
quickly backing away and needs to get quickly bid back up from 30.50 at worst in order to keep uptrend going towards the 31.75 day session high area. Otherwise may have a top in for a bit with the other bounces failing also on the way down to at leas

26 Mar 2018 01:26 pm
rolling over and needs to turn up quickly from 29-28 with some gusto, otherwise keep on going to 25.50 or more

26 Mar 2018 01:40 pm
2 hours and 20 minutes to go, and on the way up there has been higher highs and higher lows on the 5 minute chart and this move will need to go up through 34 and hold 23.25 afterwards to keep this going. A move under 20.50 before going over 34 would

26 Mar 2018 01:44 pm
beware of a lower high that reverses and sets up a 123 type top. If not able to get close enough (31.75-32.50)can reverse and then break stairstep higher by taking out 23.25 area

26 Mar 2018 01:56 pm
breaking down again and now the door is open for a sizable drop from up here. Unless the ES can finish the day over the 34 area at least, it's going to be vulnerable for another sharp drop. Consider either some SPY put options, inverse ETF or simply

26 Mar 2018 02:05 pm
so far only a feeble rebound from above 23.25 but not by much and breaking down through that area and especially back under 20 needed to put some selling pressure on. bounces not sticking but dips have been bought. Range between 34 and 23.25 at absol

26 Mar 2018 02:11 pm
34 area top of this range and now should hold and be bid back up as long as 30.50-30 is not broken. ES stays in uptrend unless 30.50 taken out

26 Mar 2018 02:14 pm
38.75-39.75 early high area needs to be taken out or else could leave a topping pattern in place and give a little shakeout of some sort back to or through around 33-32 area

26 Mar 2018 02:23 pm
53.75 point run up from Friday's low was sold at 39.75 just after 10 minutes of trading, pulled back 37.75 points to the 2702 initial support turned new resistance reversing with gusto, so far rallied 40.50 points to 42.50. 44-45 minor area, can be a

26 Mar 2018 02:25 pm
can be a top at least for a while and especially coming back down through the 36 area and not turn right back up with gusto

26 Mar 2018 02:28 pm
a quick turnaround from 38 keeping this going on the upside and needs to go through the 42 area on up to 44-45 before backing away again

26 Mar 2018 02:34 pm
with across-the-board extreme oversold condition, and ES taking out and then holding after a sizable pullback at 2602. Since then a stairstep higher choppy move back up from scratch at to just over 45 and turning down

26 Mar 2018 02:35 pm
needs to hold around 41-40 or else a chance of a bigger breakdown starting in this timeframe, instead of a continue trend up move if only a tiny pullback gets turned up again

26 Mar 2018 02:38 pm
going to roll over with this holding around the 44-45 area and not staying over that area in order to drive prices higher. Still can do with only a tiny pullback, 48 and then 52-53 next zones above if this keeps going. Still must hold 42-41 area with

26 Mar 2018 02:43 pm
has been stalling out here and needs to hold 41.50 area now or else there could be a little breakdown attempt.but really should try pushing through the high instead otherwise things are changing here

26 Mar 2018 02:46 pm
backing away a bit from the high, will need to so hold 41.50 and go back up through the high with some gusto

26 Mar 2018 02:52 pm
another pullback that is quickly bid back up from 42.75 this time. It is the 42.50-42 area is broken, uptrend could be broken, but otherwise so looks like it wants to go higher-

26 Mar 2018 02:56 pm
it's still going to stay in a bullish trend of as long as 41-40 is held. Should be pushing higher and maybe without much of a bounce, but has to come from 41-40 at the very worst

26 Mar 2018 03:10 pm
this can keep on grinding higher into the very late trading as long as the ES doesn't go back under 43.50-43 and not get turn right back up.

26 Mar 2018 03:11 pm
you can be long on the way up to the 52.50-53.50 area on this move, an important area above

26 Mar 2018 03:15 pm
a pause from just under 52-53 area, it should be approached at least on this move so stay with longs holding over 43.50-42.50 right now. Could just touch that area and back away a bit if not accelerate which looks doubtful now

26 Mar 2018 03:21 pm
53.25 just above target, and should keep on reached and should keep going through 54 and then hold and turned up from 52-51 again in order to keep this in a strong uptrend still

26 Mar 2018 03:23 pm
so far the 54 updated resistance stopped the move higher, but if this is going to last a bit longer than there needs to be a bounce again start from 52-51 four could have a top in four a while

26 Mar 2018 03:35 pm
there was the 57.50-58.50 area and then if broken through also then the 61.50-62 area. But needs to keep on pushing higher and not come back down under 53-52 area without turning right back up or could be reversing and of day

26 Mar 2018 03:37 pm
57.25 top and turning down at 3:35 PM and should see bounces failed now and could come back down to or through 48.75-47.50 area

26 Mar 2018 03:39 pm
if there is one more run up from this small pullback look for 57.50-58.50 to be sold into. Need to bounce and hold 53-52 first and so far 52 is holding to get up there

26 Mar 2018 03:41 pm
if a break under 52, then the 48.75-47.75 area would be next support. If a run up happens to get through 58.50, then 62 area. still in good uptrend

26 Mar 2018 03:44 pm
have a great rest of your day. I will meet you here tomorrow morning after you have read tonight's update and put the zones on your chart. Until then, stay with buying dips as it's with by trend and momentum today - take care!

 

INTRADAY LOG FOR FRIDAY - MARCH 23, 2018

23 Mar 2018 09:13 am
Good morning. The was pretty volatile overnight and we will likely have another day with good volatility, and needs to get over 52 just to begin repairing damage from the last two hours yesterday

23 Mar 2018 09:21 am
It has been a rough week for those who are long, last time Friday was a rally day after big down day

23 Mar 2018 09:27 am
I will update around 10 minutes after the open. 52 area up here needs taken out with some gusto for a move up to 58 area

23 Mar 2018 09:35 am
Momo through 52 Going to 58.75 so Far and Should Pullback a Bit and Must Hold 50-49 or Higher

23 Mar 2018 09:40 am
Looks like it is going to break 50-49 breakthrough 50-49 and will need to get momentum to go down to or through 42 area or more

23 Mar 2018 09:44 am
– Has to get over 50 and hold or else keep going down to or through 42 area or more

23 Mar 2018 09:53 am
Run up 58 and then immediately reversed and with just under 42 so far and a double bottom on the Dow at some moment, but needs to get going up with gusto and at least take out 50 and be able to hold

23 Mar 2018 09:58 am
If this goes back under 49 area then another push lower underway

23 Mar 2018 10:03 am
Pullback held and turned up from 46.75 and will need to hold above that 47 area if going to keep moving higher

23 Mar 2018 10:06 am
It's back to bounces not sticking right now and especially breaking the 48 area without turning right back up

23 Mar 2018 10:13 am
45 was reached in reversed and another pop-up that is failing at the moment and must get over 53 550-54.50 and not come right back down or else could end up going under 45

23 Mar 2018 10:18 am
A lot of shopping around lots of shopping around in this small range and will need to take out 53.50 and hold otherwise could be further breakdown

23 Mar 2018 10:19 am
I'm going to be away about 10-15 minutes. Bounces should continue failing

23 Mar 2018 10:29 am
A test of the low turned up but will be another failed a bounce attempt unless it can get over 52-53 and not get charged a way

23 Mar 2018 10:39 am
bounce back up to the 52-53 top of this range, and if this double bottom is going to end up being a low and ovoid potential break then 53.50 needs taken out and then just a small pullback turned up

23 Mar 2018 10:46 am
It looks like that double bottom is going to stick so look to buy pullbacks

23 Mar 2018 10:50 am
Well may be that is not going to stick as this is fill in this range and unless there is a move over 53.50 that only polls back to around 50 and turns up it still is vulnerable

23 Mar 2018 11:07 am
56 reached but coming right back down again and another pop-up should be sold also as this slope of this move up is bearish and prone to eventual breakdown of some sort

23 Mar 2018 11:17 am
Pullback reached 45.25 at least so far and unless it gets over 49 and stick soon then a shot at testing or breaking the low area

23 Mar 2018 11:28 am
38-37 area on a break under the 41.75-41 area that is not reversed back up and take out 49-50 now pivotal resistance and hold

23 Mar 2018 11:38 am
Very thinly traded and a narrow range so far, trying to avoid a potential further breakdown through 38-37 area and get some momentum if it does not hold

23 Mar 2018 11:39 am
The ES just took out its double bottom and pressure is on holding under 45.50-46 area for now and are get at 38-37 on some and lower prices with a breakdown underway

23 Mar 2018 11:44 am
The 30.50 area is a major area not far below, and could be a bigger breakdown underway if that area is not able to hold

23 Mar 2018 11:48 am
But ES did not have a good slope to its attempt at a bounce and the reversal from another token higher high at this move started, then got momentum breaking the low. Likely will at least test 30.50 area if not breakthrough

23 Mar 2018 11:54 am
Went right through 30.50 and the 24-23 area next holding under 32.50-33.50 on bounce, possibly up towards 36 at most to stay strongly down

23 Mar 2018 12:05 pm
25.75 low of the day, so far, and it needs to first take out the 33-34 area, not reverse their. But if taken out then the 42 area but probably shouldn't get there and hold for a low could be in

23 Mar 2018 12:17 pm
I am going to be away until around 1 PM or a little bit after. There's a good chance that I will be away some time this afternoon for about 30-45 minutes maximum hopefully. Right now this is still a short

23 Mar 2018 12:39 pm
There has been a couple quick run ups and both stalled and pulled back and once again another bearish pattern if this stairstep attempt doesn't make a higher high Ober 39.25 and breaks 29.

23 Mar 2018 12:44 pm
Break down attempt, just under the low is the 24-21.50 area, the way this has been going if broken can go another 10-20 points

23 Mar 2018 12:53 pm
It's going to be a sell the bounces bounce kind of day like it has done for most of the week. Back in just a bit

23 Mar 2018 01:13 pm
Came in when the ES touched 2650 and with that area being defended it could be another trading range if 40 is not reached or else could continue up to around the 43 – should stall and then reverse

23 Mar 2018 01:30 pm
43 was reached and rejected and also just missed strongly down sloping 60 EMA, so has to get over that area and then hold at or above 42.50 area after that if going for the 45.50 area where downside selling started earlier

23 Mar 2018 01:32 pm
36-35 needs to hold on this poke up to the 45 new updated resistance that failed or else could go back to 27 or lower

23 Mar 2018 01:42 pm
Follow through on the spike up to 45 resistance and continuing this move on 35 should mean that another bounce should fail also

23 Mar 2018 01:51 pm
Looks like 35 is going to be a pivotal area to hold or it could flip over to bearish. Pullbacksthat small have been reversing for good shorts almost all day

23 Mar 2018 02:11 pm
The ES ran up to 49 and installed as noted before rolling over again and must turn up from well above 35.25 or pattern beginning to break down

23 Mar 2018 02:13 pm
With bounces still badly today like all week they should continue to be sold into. I need to be away about 30 minutes and will update then

23 Mar 2018 02:46 pm
This is going to end up taking out the lows and could be going down under 21.50, a chance of going down towards 12-13

23 Mar 2018 02:57 pm
20 reached and it wouldn't be a surprise if this goes another 20 points or more before closing if it cannot bounce back over 27.50 area this could still go another 10-20 points easily, next area around 2609-2608

23 Mar 2018 03:04 pm
So far has come down to 2605 and needs a good bounce back over 13 area first but the specially 23. The ways up there but

23 Mar 2018 03:11 pm
Taking out the 24-21.50 area should put even more pressure on the market if not immediately reverse but likely would drop down into the mid-2590s. Need to hold that area in the last hour or else in on a poor note under 2600 most likely

23 Mar 2018 03:18 pm
2601.75 low (at least for now) with a decent bounce attempt but likely will be sold into and get one more push lower to either a higher low or breakthrough 2601.50 and at least poke under 2600. Need to see some follow through, not stall out like it's

23 Mar 2018 03:28 pm
Still looking like sell all of the bounces bounces stalling out then rolling over all day long. Like yesterday reversal at 2 PM started sharp drop of 48 points so far and going lower holding under 2709 area

23 Mar 2018 03:35 pm
So looks like there needs to be a run up over 15.25, otherwise selling could continue into the late trading. Have a great weekend! I will update you on Sunday. Take care! – 2598-96 targets

 

INTRADAY LOG FOR THURSDAY - MARCH 22, 2018

22 Mar 2018 09:11 am
Good morning. We are going to get a second gap down this week, 10 points Monday and could be 30 points today. 87 a major area. Could be a bigger drop to 71-69 if not run up on the open

22 Mar 2018 09:14 am
On a bounce the ES needs to take out 91-92 and hold, or just take a little bit of pressure off. Would need to get over 2700 and stick at least for a better bounce attempt

22 Mar 2018 09:17 am
I will update as about 5-10 minutes after the open. If there had been coming down hard, and then getting this gap down open, better odds the bottom. Today can bounce but only to be sold into

22 Mar 2018 09:32 am
ES needs to get over 89-90 area and stick after getting over 90 oracles keep on dropping towards the 78-77 or more

22 Mar 2018 09:38 am
Need to hold 85.50 to avoid a reversal back down. However if it can hold 89 after taking out 91 it could keep going up towards at least 92-93 area and a shot at 97.

22 Mar 2018 09:41 am
Should be trying for the 97.25 low from Monday and a pullback from that area possible if there is a stall or rejection

22 Mar 2018 09:42 am
Begins to roll over again if a move back under 89.50 area and not quickly turned up

22 Mar 2018 09:47 am
Bounce attempt from 88 still needs to take out 97.25-98 area and not yet turned back down in order to attempt another move up – and if that happens good go to around 2702 or more before reversing. But can still roll over this 93.50 hell below

22 Mar 2018 09:52 am
May not go very far but has a shot at the 97-98 area IF 88 area continues to hold. The low so far made on the gap down open and could have a bit more bounce before pullback. However, has to get over 93-93.25 soon or rollover

22 Mar 2018 09:54 am
Could get a bit of momentum going under 88 and not immediately turning up and at least go for the 85 area and possibly the low

22 Mar 2018 10:03 am
Took out 85 and needs to quickly turned back up or else it could go back towards the low instead of having some sort of bounce before that happens, if it's going to and set of go back up to or through the high from here

22 Mar 2018 10:16 am
97.25 just taken out and if just a small pullback yet turned back up with some gusto and takes out 99 easily it should get to the 2702-2703 area before backing away the way it looks at the moment

22 Mar 2018 10:18 am
Has to hold at or above 93.50-92.50 or else a bigger pullback or else bounce that follows is sold

22 Mar 2018 10:21 am
98-97 prior support/new resistance just had a pullback hold at 94 and can't go much further or else began to break down, or see one more run up towards the 2702 area likely gets sold into

22 Mar 2018 10:26 am
Secondary top looks like it's in place and if it does not turn up with some gusto from 91.25 pullback low, it will be a short on a move back up under the highs that stalls or shows rejection

22 Mar 2018 10:28 am
88-87 Nice to hold and give a bounce of some sort or else keeps on going towards 84 area

22 Mar 2018 10:36 am
Need to hold 86-85 or else could keep going down to test or break the low

22 Mar 2018 10:38 am
Secondary top at 98.25 would need to be taken out this afternoon or else the ES could break down further and head down towards 70 area or more

22 Mar 2018 10:41 am
84.50 is the key area to break with it being the last pullback low also, and if just a feeble bounce then that double bottom could be broken and then test or break to the low next if that happens

22 Mar 2018 10:48 am
Further breakdown reached 78 area so far and for now pressure stays on as long as the 84-85 area is taken out and held.

22 Mar 2018 10:49 am
Bounce needs to take out 84.50 and hold on a dip after that otherwise pressure stays on even though bouncing at the moment

22 Mar 2018 10:56 am
Area down around 71.5-69.500 a major area that should hold and or else the market is going to finish the day down 400-500 Dow points again. Should keep under pressure as long as this steady downtrend stays in tact, 18 EMA on 1 minute chart a good gui

22 Mar 2018 10:59 am
So far holding on just above the 71.50-69.50 area, and needs to at least get back above 78.50 area now in order to take a little pressure off from this test of that support area

22 Mar 2018 11:07 am
A feeble bounce back to 80 and stalling out and could come back down to or through the low if it can't push over 80-81 taken out soon

22 Mar 2018 11:17 am
The ES rolled over from 80 down to 75 so far and if broken could come down to make either a higher low and turned up or a lower low around the 71.50-69.50 area. If it runs up and takes out that 80 area then could be a low in for a while anyhow

22 Mar 2018 11:25 am
So far held the 71 level, but if a feeble bounce and 69.50 breaks it opens the door for what could be a moves down towards the 63.50 area.

22 Mar 2018 11:26 am
At the moment this will be a trend down day unless 80 is broken on a bounce attempt

22 Mar 2018 11:32 am
Turned up exactly at 69.50 but still not out of trouble as needs to at least get over 77.50 at a very minimum or else keeps the downtrend going

22 Mar 2018 11:34 am
69.50 was the last hourly low after the ES turned up from its bottom at the 52 area on March 3. Still going lower on this move most likely

22 Mar 2018 11:39 am
63.50 area is next and if no sign of a turn then 58 the last potential low before going down to or through the 52-51.50 area which is a bigger picture breakdown area if not held

22 Mar 2018 11:42 am
So far today 3 bounces lasting just 10-15 minutes and then stopping and reversing. If there is another one of those kind of moves, should be sold as soon as upside stalls

22 Mar 2018 11:44 am
63.25 reached and these to give a good bounce lasting longer than 15 minutes and stalling or being rejected otherwise 58 area is next.

22 Mar 2018 11:52 am
For dynamics to change this move would need to take out the 69.50-70.50 area at least and happen in the next 3 minutes, otherwise this might be it for the bounce again and not a low at the 63.50 area as it should make another new low unless changing

22 Mar 2018 11:57 am
15 minute rally and just a tiny pullback so far and at the moment should be okay as long as the 67 area is broken without turning right back up.

22 Mar 2018 12:01 pm
The rally lasted from 11:42 until 11:55 and the fourth time that's happened and unless there is a bounce that is longer than just 10-20 minutes ruffly, going to continue failing. 58 area next under the low

22 Mar 2018 12:04 pm
Possible 123 bottom, and although we had several 123 patterns yesterday I'll be surprised if this one works out and marks a bottom. Not bottom picking here, but if dynamics change may be so

22 Mar 2018 12:13 pm
Needs to avoid rolling over from 72, otherwise another pullback should not go back to the low area otherwise a third time likely would break through

22 Mar 2018 12:15 pm
I will be away until around 1:15 roughly but will update if necessary and I am not stuck on a phone call or something. Still has had more than a 15 minute bounce, so needs to change that and also break/hold 72 area

22 Mar 2018 12:19 pm
It looks like the 123 bottom at the 63.50 support area is going to be a low for a while at least if not for the day, depending. Right now a move over 80-81 that holds needed in order to keep this going strong on the upside, otherwise pullback of some

22 Mar 2018 01:20 pm
The market action still is not very good with the bounce to 87.25 failing but not yet making a new low, which could happen if this move also fails and the ES takes out the 71-69.50 area again. Has to go through that area for have a shot at testing or

22 Mar 2018 01:21 pm
71-69.50 would need to be broken for the ES to go back down to test the lows at support. Doubt that happens as dynamics have changed

22 Mar 2018 01:29 pm
A good uptrend intact right now but as soon as this move stalls there should be another decent pullback although probably not like the last one

22 Mar 2018 01:37 pm
And pullback a bit from 91-92 area but should hold at or above 86-85.50 or else could come back a few more points before bouncing again

22 Mar 2018 01:39 pm
94-95 area needs to be taken out if this pullback from 91.25 is small and turns up in stead of breaking through 86-85.50 and potentially drop a couple more points

22 Mar 2018 01:45 pm
Needs to keep holding 85.75 area at worst an order to attempt another push higher and possibly attempt the 94-95 area

22 Mar 2018 01:50 pm
From yesterday's highs after the Fed release to today's lows the ES dropped 80.75 points, and Q 214.75 and the Tao cash 802 points. So far stopping around a binder support/new resistance at 72, and 74 is a fib retracement of that range. Should start

22 Mar 2018 01:59 pm
Reached 84.25 so far and unless it goes under 83 and then holds under 84 it will be back in bounce attempt to mode, needs to go up with some gusto widget doesn't have right now

22 Mar 2018 02:02 pm
Update in about 10 minutes. If there is going to be another breakdown then it should get going soon. Buyers did have control, but right now a tug of war and 90 area pivotal

22 Mar 2018 02:05 pm
89 is being held below and where the selling came and but not enough to break the market down, but still under pressure and needs to take out a three and then hold under 84 and order to roll this over, at least attempt to

22 Mar 2018 02:06 pm
Update in about 10 minutes. Should be a breakdown soon but be right back

22 Mar 2018 02:10 pm
Came down through 83 seconds easily and should get back above 86 at most but should stay under 84 to keep good pressure on and go for the 77-76 area first

22 Mar 2018 02:14 pm
Got some pullback from rejection at 89 going down to 79.25, and now there needs to be more than a feeble bounce and at least get back above 84 area and not turn right back down. A chance for 75.50 if broken

22 Mar 2018 02:16 pm
The angle and patterns this is currently making 10 to fail, sometimes badly. This will need to keep its run up going, and the Dow needs to get going, otherwise breaking down again here soon

22 Mar 2018 02:18 pm
And test or break 76-75 which is chart support and pullback symmetry cluster

22 Mar 2018 02:22 pm
The bounce reached 84 updated resistance and installed and now rolling over again to test or break 76-75. If broken then 71 area at least should be tested again

22 Mar 2018 02:24 pm
76.25 reach so far and this area could lock and some profit if short as 75 is a key area or else keep on going to or through 71.50-70 area

22 Mar 2018 02:27 pm
Heading towards the 71.25 area and if broken then there could be continuation to test or break below. That area should be important around 71-70

22 Mar 2018 02:30 pm
72.50 has been reached and just over 72.25-71.25 early transition area after bottoming and major on this pullback also or a trend move towards the lows possible

22 Mar 2018 02:33 pm
So far the ES has come down to the 69.50 support, the lowest level in that zone, and now a bounce should fail at or below 78.50-79.50 if reached and stalls out there or show some rejection

22 Mar 2018 02:35 pm
It's the timeframe for a rally but whatever kind of bounce, if there is one, should fail the way this is acting and could go to or through the lows

22 Mar 2018 02:39 pm
Has to go back up and take out 78.50-79.50 in order to avoid or put off another pullback or drop of some sort. If broken then 84 area next

22 Mar 2018 02:46 pm
The ES is going to need to take out 76 or hold 73 again otherwise could stay under 73-74 and mean breaking 69.50

22 Mar 2018 02:48 pm
73 held and the ES took out 76 and now should keep going to test or break 83.50-84 area on this move

22 Mar 2018 02:51 pm
The ES popped up to 78 and immediately turned down. 83.50-84 is still going to need cleared in order to avoid this rolling over again and taking out that 69.50 support and then might keep going

22 Mar 2018 02:57 pm
Need to bounce from 69.50 area or else keep going down to or through the D3 .75-63.25 low area

22 Mar 2018 02:59 pm
If no sign of a bounce from the 63.75-63.25 area then the 58.50-57.50 could be next.

22 Mar 2018 03:03 pm
Some short covering or possibly bottom picking coming in at 65, just above 63.75-63.25 low area from noon. We'll see if this 3 PM bounce can stick as it needs to at least take out the prior high at 78

22 Mar 2018 03:05 pm
The market has an active well today obviously, and even though it could have a good run up at the end of the day, I kind of doubt that happens as there has been lots of damage done again and 91.75 bounce high

22 Mar 2018 03:08 pm
Not much of a bounce and still not able to stick so will stay bearish and short under 74 area and 78 at highest

22 Mar 2018 03:09 pm
Should keep going. Look for the 58.50 area for a target if this continues and there is further breakdown

22 Mar 2018 03:13 pm
Still should take out 63.75-63.25 and look for 58.50 if there's a quick washout and not a quick reversal back up

22 Mar 2018 03:19 pm
Still going to 58.50 or lower as a profit target on this move. Next would be the major low down below about 10 points on the cash index

22 Mar 2018 03:20 pm
58 low so far and would need to get back over the 63.50-64.50 area and then hold around 63 or higher after that to attempt a turnaround

22 Mar 2018 03:24 pm
If the ES has another failed rally attempt, then it could make one more low sometime around 3:35. That can't happen if the ES doesn't get back above 69.50-71 area and then hold at or above 69.50 area

22 Mar 2018 03:26 pm
Have a good rest of your day. This bounce is stalling at updated resistance of unless 68-69.50 is taken out market stays under pressure. Take care!

22 Mar 2018 03:39 pm
There is a major area not far below around the 50 area, or watch 2648-2647 on the S&P 500 cash – currently at 2655. That is March 3 low to break for test

22 Mar 2018 03:39 pm
Could be headed to that area before the close if this does not turn up at 3:40. Take care

 

INTRADAY LOG FOR WEDNESDAY - MARCH 21, 2018

21 Mar 2018 09:13 am
Good morning. If the ES cannot hold 19-18 without turning right back up and going through 21.50 then it could be a rough morning for the market.

21 Mar 2018 09:40 am
Going to need to take out the 21 area overalls back to the low or lower Instat of going up to or through 24-25

21 Mar 2018 09:51 am
Market still in Porsche eight and would not be surprised if it gets hit hard today and this will get in more trouble going down through the 13-12 area

21 Mar 2018 09:58 am
20.50-21 needs to be cleared and held orbitals stays vulnerable for a decent pullback, or at least make a token lower

21 Mar 2018 10:04 am
Could try one more run up as long as 17 is not broken and the and NQ keeps pushing higher

21 Mar 2018 10:08 am
Breaking over 20-21 and sticking is needed to get this up to 24 area or higher. Could be another drop to or through 17-16 otherwise

21 Mar 2018 10:16 am
Will need to quickly go up from 20.50-20 at worst if it's going to reach the 24 area otherwise very vulnerable for a drop if the Dow continues its pattern

21 Mar 2018 10:24 am
The Dow has rolled over after a feeble bounce from its low that stalled out and is just about to its low, and now the ES needs to hold 18 and go through 19-20 with some gusto or else could breakdown of bit

21 Mar 2018 10:33 am
Nice to take out 19 area and hold 18 on a dip, just to get a pop-up attempt of some sort.

21 Mar 2018 10:36 am
So far only one decent set up, on the short side after the top was rejected and stalled and turned down, starting the move that just made a bottom at 16. Another dip should be bought, with the Dow turning up now

21 Mar 2018 10:40 am
A tiny range so far, not much for good setups. It could do a lot of chopping around with two-sided action although should end up breaking this range before the Fed. With this bouncing fast off of 16, no damage done unless broken

21 Mar 2018 10:44 am
If this doesn't make a lower high under 22 and turned down then it should keep going up to or through 23.50-24.25 closing range from yesterday next

21 Mar 2018 10:51 am
Just missed the 23.50-24.25 zone so far but as long as pullbacks are small and not come back down to or through 20-19 it can stay range bound/higher and reach that zone and possibly 26.75-27.75 zone

21 Mar 2018 10:57 am
While the Dow and ES are still at bounce highs the NQ went up to test its late high yesterday and came down pretty sharply and has rolled over it appears and should be a short holding under 6908-10 area

21 Mar 2018 11:00 am
6906-6909 is what needs taken out on the NQ and not turned right back down. The Dow cash rolling over also so NQ needs to bounce from 6894 area and the ES 19.50 at the very worst or else another pop-up should fail

21 Mar 2018 11:08 am
The NQ a tiny knoll bottom but pressure should be on and a move back over 6899-6903

21 Mar 2018 11:22 am
23.50-24 still needs to be cleared and then hold 22 at worst after that if it's going to attempt the 27-28 area and not come back down to or through the 19.50 pullback support/initial support to start the day

21 Mar 2018 11:35 am
Just took out 24.25 and should hold 23 now in order to keep going to or through 26.75-27.75

21 Mar 2018 11:35 am
Where it should be sold at or below that area the way it's acting right now

21 Mar 2018 11:42 am
A pullback from resistance should hold around the 24.50-23.50 area. That could turn out to be a pivotal area and if not then the 21.25 area just a little bit below

21 Mar 2018 11:44 am
If this can keep going above 28 without a quick reversal then a run up towards 32-33 could occur next

21 Mar 2018 11:48 am
27.25 high in resistance area so far, and a short with a tight stop above the zone – shouldn't go much further before some sort of pullback, although it should be small and hold 24.50-23.50 at the very worst

21 Mar 2018 11:53 am
Broke through resistance with some gusto and should test 32-33 eventually however this moves should see some sort of pullback before making one more run up. Should not go back under 27 area at worst

21 Mar 2018 11:57 am
The ES went straight up to the 32-33 zone so far, and should keep on going to the 38.50 area, should see some pullback from 34 area first and if so 33-32 area needs held and turned up again or else a reversal going under 27-26

21 Mar 2018 12:04 pm
With a reversal bar on the 5 minute chart from the 34 level another pop-up should not get through the 32-33 area again before coming back down to or through 28-27

21 Mar 2018 12:09 pm
Eight pop-up from this 29.50 pullback low should stop around 33 and turned down to set up a good 123 kind of top, but so far and uptrend until breaking 29.50 and especially 26.50

21 Mar 2018 12:22 pm
Bouncing back to the 32-33 area and needs to poke up to around 33 but under 34 and turned down at for a 123 top or double top – if cut right through without stopping there is resistance at 36.50-38.58 area

21 Mar 2018 12:24 pm
I will be back around 1:20 this afternoon, well before the Fed release. Look for a shorting opportunity up here under the high, just for a small pullback to or through 30 .50-29.50

21 Mar 2018 12:28 pm
Pulling back from 33, 1 point from the high and should come down to or through 31-30 to breakdown and test/break 27 area. Don't remember if I told you that I will be away until around 1:20 thereabouts, and plenty of time before the Fed release. I wi

21 Mar 2018 01:11 pm
Needs to hold and bounce from 28-27 otherwise continue down with a bigger pullback going into around 1:45-1:50 roughly

21 Mar 2018 01:28 pm
The ES pulled back and is having a feeble bounce attempt so far from the 27.25 prior resistance and breaking under that should mean a move back towards 24-23 again. If one more pop up watch the 30 area for resistance

21 Mar 2018 01:40 pm
Breaking through support could mean a little down towards 24-23 area and possibly go to or through the 20 area – a major pullback support

21 Mar 2018 01:42 pm
After the Fed release at 2 PM there normally is a quick move up or down (sometimes a quick two way move) and then should get a decent move going

21 Mar 2018 01:44 pm
If you have already had a decent day and reached profit objectives, would not be diving in after the Fed and mess things up. So far 3 e-book setups and all quality setups so be patient after the release

21 Mar 2018 01:52 pm
This bounce needs to take out the 30 area without turning down right away if it's going to try for the high area or a bit under before the Fed release. I will update about 10 minutes or so after the Fed release

21 Mar 2018 02:05 pm
First move failed as expected. The quick reversal came from 1 point under the 2745 Monday high and gap gets filled 1 tick above that. A bounce needs to take out 33-34 without turning right back down again. Taking out 24-23 could keep going to or thro

21 Mar 2018 02:06 pm
33-34 has been reached and if unable to keep going through and holding then another leg down and make a low under 24.25 around the 24-23 closing range from yesterday

21 Mar 2018 02:09 pm
There is a CHANCE that the ES could get back up to the 44-45 area, and if so it likely would be sold into again. Market pulls back after decent bounce attempts

21 Mar 2018 02:14 pm
With the ES pulling back and bouncing from the 34-33 area it will keep this out of trouble. Needs to fail around 40 and turned down and break under 33 otherwise a chance of testing the high area – which would be sold if reached

21 Mar 2018 02:15 pm
That gap at 45 area should be tested tomorrow if this doesn't finish today under the 33 area

21 Mar 2018 02:19 pm
Made it up to 42 so far and will need to hold this 37 area or else to test or break 33 area

21 Mar 2018 02:23 pm
Bounces should fail at or under 42 if this is going to stay under the high of the day and have a chance of a drop under the 33 area that sticks

21 Mar 2018 02:26 pm
Powell begins to get grilled by Banking committee in about 5 minutes. I don't like these – would rather just get the 2 PM number and that the it. Anyhow, acting like regular trading day now and bounces should fail

21 Mar 2018 02:30 pm
If there is another bounce of some sort, look to enter a short for Aisling trade. Were too far down right now but in case you are in already you might want to hang onto at least part of it. Must have a good bounce start from 27.75-26.75 area at worse

21 Mar 2018 02:36 pm
24.25 low made in the first 5 minutes and have been inside of the range since, and will probably be tested for broken on this leg down before a bounce attempt occurs.

21 Mar 2018 02:41 pm
Timeframe for a turnaround attempt and probably needs to hold 22 or else continue down towards the 19.50 area where must reverse or else suffer bigger reversal/breakdown

21 Mar 2018 02:47 pm
Should be getting something going on the upside in this timeframe with the ES holding over 19.50 so far, but needs to take out the 28-29 area and especially 32-33 area in order to avoid bigger

21 Mar 2018 02:49 pm
The ES is holding right around its 23.50 close from yesterday, so at least needs to take out 24 and stick

21 Mar 2018 02:51 pm
Steady downtrend since turning down at 2:20 PM and almost to the low of the day and should keep going to or through 12 area for further breakdown

21 Mar 2018 03:02 pm
A good bounce from the 13-12 support and needs to keep on going up through the 20 area, and especially getting over 22 area and holding.. A failure could come back down to test/break support

21 Mar 2018 03:13 pm
A bounce from the 12.50 support made it up to the 25.50 Lovell and pulled back again to the 18.75 level which is initial support, and looks pivotal as this should make a move over 30 area and a moves over 32-33 that sticks would keep the market from

21 Mar 2018 03:18 pm
33 rejected so far, top of the 32-33 area, if not able to bounce from 27-26 on this pullback then could back down to or through 21 or more

21 Mar 2018 03:22 pm
It looks like the 33 area above and 27 below and this range, and needs to have a break over 33 area that sticks, or under 27 that sticks, in order to get any late day momentum

21 Mar 2018 03:29 pm
late pullbacks started but probably not to the lows, should be another bounce attempt from lower levels

21 Mar 2018 03:30 pm
Have a great rest of your day! Update this evening and then I'll meet you here in the morning.

21 Mar 2018 03:37 pm
This is a bounce attempt and if it fails to go over 28 at least and stick, not break 22, then a shot at the 33 area again. Rather doubt that, but you never know. Take care!

 

INTRADAY LOG FOR TUESDAY - MARCH 20, 2018

20 Mar 2018 09:05 am
Good morning. Two-sided action looks to be doable today. If this in the plus column on the open it should come back down to you can hold in the plus column

20 Mar 2018 09:21 am
Still stuck in bed until wheelchair finally repaired repair Wednesday ~4:30. The market still is in bad shape and a decent pullback should happen

20 Mar 2018 09:24 am
I will update a bit after the open, but at the moment there should be some pressure on holding under the 23-24 area.

20 Mar 2018 09:34 am
Has to take out 23-24 area and stick or else come down to or through 20-19

20 Mar 2018 09:38 am
The high and reimbursable after 5 minutes should take out the 19-18 area in order to have a bigger pullback early

20 Mar 2018 09:46 am
A 3 minute drop down to 19.75 was turned up and took out 23-24 resistance and will need to hold 23 could be rolling over

20 Mar 2018 09:55 am
27.75 was rejected and so far has come down 23.25 and holding under 26 and going back under 23 should keep some pressure on but would need to hold under 24 area for that resistance to be held under

20 Mar 2018 10:02 am
An order to get further breakdown the ES needs to take out 19 and then hold under 20 area afterwords. Can be a feeble bounce to a lower high before coming down otherwise

20 Mar 2018 10:13 am
It' needs to have a good bounce from the 18-17 area back over 22-23 and hold up their to avoid blowing further down towards 13-12

20 Mar 2018 10:16 am
I'm going to need to be away about 10 minutes possibly, but today is to be like the rest lately with bounces not sticking and probably headed to or through 13-12 at least

20 Mar 2018 10:26 am
16 area should be an important area to hold before the 13-12 zone which should be maximum pullback support unless heading towards 2705 or so. Need to get over 23 and hold

20 Mar 2018 10:30 am
This move has some gusto and could be a test of the high area before a pullback of some sort

20 Mar 2018 10:36 am
The ES made a 123/double top and breaking and holding under 23-22 could mean coming back down at least to the 20 area and likely further

20 Mar 2018 10:48 am
With a little pop-up being rejected at 24.25, it needs to be taken out for a chance at a run up to or through the highs, but looks more likely that the 19th area is reached and then needs to bounce from the area (pivotal up here) or else go back down

20 Mar 2018 10:55 am
19.75 low quickly turned up but will need to go on up through the 24 resistance and not get turned right back down or else come back down to the 20-19 or more

20 Mar 2018 11:02 am
Pullback from 24.25 resistance area turned up from 20.75 and holding over the 20-19 new pivotal zone so far, however bounces keep failing also and appears 25 needs taken out/held to keep going through the high and hold, otherwise another failure

20 Mar 2018 11:14 am
If they cannot make a good run after stalling on this pullback at the new support then going the other way on a move under 20.50-19.50 going to the low area

20 Mar 2018 11:17 am
Just now broke but only 19 by 1 tick and turned up and needs to hold under 21-21.50 to keep on for a bit more downside to or through 17-16 area

20 Mar 2018 11:28 am
Backing away from 23 and there could be a push lower if unable to get back over 23-24 without turning right back down very soon

20 Mar 2018 11:29 am
Need to be away 10 minutes or so and will update then

20 Mar 2018 11:43 am
Evil bounce rollover from 22 on the last level bounce and about to test or break 19 area now and needs to hold under their for a pullback towards possibly

20 Mar 2018 11:48 am
The ES really should not drop as far as the 12.50 level without immediately turning back up as that is not only chart support but also 50% retracement from yesterday's low two this morning's high.

20 Mar 2018 11:56 am
13.50 has been reached and should keep going to or through the 12.50 level and is no sign of a turn down to or through 2708-2707 could happen area

20 Mar 2018 12:13 pm
So far a small bounces from 13.50 and just above 13-12 initial support along with the 50% retracement area from yesterday's low around 2:40 PM, and a bit further but needs to take out 23 area and hold up their to expand upside

20 Mar 2018 12:26 pm
So far the ES only has a 14.25 point range during the day session which is one of the narrowest ranges in quite some time (except last Friday's 13.50 point range) and still needs a good move over 23 that sticks for a shot at higher high. Breaking 13-

20 Mar 2018 01:25 pm
But ES topped out at 23.50 and was on its way towards the low until just turning up from 15.75 and if this is just a feeble bounce and holds at or under 17.75-18.25 and turned down then it could test or break the of this narrow range day

20 Mar 2018 01:35 pm
With the ES and this narrow range taking out 12.50 can open the door for a moves to or through 2708.50 area or more if not immediately turned up from 12.50 and take out 18

20 Mar 2018 01:49 pm
an attempt at a double bottom to go with the double top already made but given the narrow range this could keep going towards 2708.50-277.50 or more if 12.50 broken through. Need to go up over 18 in order to break little stairstep down

20 Mar 2018 02:01 pm
ES feeble bounce stopped under 18 and heading towards 2708.50 possibly if its double bottom is broken through and not quickly turned up not make it back up to the high's unless something happens out of nowhere

20 Mar 2018 02:06 pm
12.75 token lower low immediately bought and going up with some gusto so likely have seen a low for this move as long as the ES does not take out 12.50 the rest of the day. It still should have trouble running up through the 27.50-27.75 double top ho

20 Mar 2018 02:13 pm
Should see small pullbacks hold around the 16 area and turn up if it's going to make another move higher and not come back down to test the low or maybe a higher low

20 Mar 2018 02:24 pm
16.50 area able to hold after the ES turned up from a token lower low at initial support and also 50% retracement from yesterdays low to today's high. There was a 10 point bounce earlier off of 13.50, that would equal 22.75 just in case. Doesn't appe

20 Mar 2018 02:32 pm
It looks like this might make a move that can get up to the 22.75 area and if so then 27.75-23.50 would be important area to clear and not

20 Mar 2018 02:34 pm
And not turn right back down again. Right now it looks like 18.50-18 needs held to have a chance of getting up to that area

20 Mar 2018 02:44 pm
If 23.50 is taken out and if not quickly turned down then the door is open to continue on up towards the 28 area and make a higher high. Is going to need to keep pushing higher with gusto holding 22.50

20 Mar 2018 02:53 pm
Still grinding higher and first target met and about to break through 23.50 and 25 minor and then the high area. Follow the 1 minute chart and 18 EMA must continue holding as an uptrend to guide for its done with its trend move

20 Mar 2018 02:55 pm
Support now is at 22.50 and should hold if this is going to keep going up towards the highs or more instead of pulling back to or through 20

20 Mar 2018 02:58 pm
Things changed when the ES made that quick reversal from the cluster of support around the 13-12 area and immediately turned up and made a reversal bar at 2 PM. Now in the last hour can still push higher but losing

20 Mar 2018 03:03 pm
21.50 held so far and it shouldn't drop much further as they move under 19.50 would likely change things from buying pullbacks to selling pop-ups. At the moment buyers still in control with a shot at 27-28 area where it needs to turn down

20 Mar 2018 03:09 pm
If this move if this move happens to be strong enough to take out 27.75 then keep going keep going then the door is open 32-33

20 Mar 2018 03:10 pm
However if there is one more push higher that doesn't go through 27.75 could start another pullback of some sort, rather than what's turning into a

20 Mar 2018 03:21 pm
Needs to bounce from the 23-22 area at worst it looks if there is going to be a chance of a run up to or through the highs or else come back down to or through 18-17 if 22 broken

20 Mar 2018 03:30 pm
This is going to stay inside of the morning's high and the 2 PM low with this pullback as it should be hard to make a run up with enough conviction before tomorrow's Fed day

20 Mar 2018 03:33 pm
Too much damage has been done for this to just turn around, the last big low was tested and so should yesterdays low pretty soon. Have a great rest of the day and look for some more pullback

 

INTRADAY LOG FOR FRIDAY - MARCH 2, 2018

02 Mar 2018 09:04 am
in the last 30 minutes of trading that ES needs to get back over 93 or else is still in some trouble and could test or break down through 74-73 and if that happens, instead of a bounce it opens the door to go back down to the low area again

02 Mar 2018 09:23 am
Good morning. That second parabolic run up into Monday that got many of my internal gauges overbought stop the market in its tracks and almost straight down since.

02 Mar 2018 09:27 am
this will be more of an emotional driven morning than trading by support/resistance except for the dynamic areas. It's looking like a bounce has strong resistance around 64-65 if reached. It's under pressure holding under 60 right now

02 Mar 2018 09:30 am
a boy in the long side early unless there is a good strong run up taking out 65 or so

02 Mar 2018 09:33 am
gap down and now first bounce needs to take out 64-65 and not get started right back down. Need a strong run up from 58 area Lowest to get there and then 67 area important above 65 if reached

02 Mar 2018 09:35 am
turned up from 58.50 but stopping under 64-65 so far and needs to hold 58.50 and go over 64-65 without reversing back down

02 Mar 2018 09:40 am
top at 63.50 on the bounce and wrote 58.50 and should keep on going to the 48 area next

02 Mar 2018 09:42 am
so far held at 50 but need to go over 58 with some gusto and hold that area or else back down to around the low for a lower low around 48-47 or more

02 Mar 2018 09:46 am
48-47 reached and needs to have a strong bounce from here take out at least 57 area or else another push lower after a small bounce failed's

02 Mar 2018 09:51 am
a low and at 48-47 at the moment but needs to at least get over the 57-58 area and with some gusto so it can hold if it's going to avoid another push lower

02 Mar 2018 09:56 am
turned down from the 57 new resistance to clear and getting another push lower that would need to hold the low and make another move up that can take out 57-58 and state up there. Still looking bearish unless that happens

02 Mar 2018 09:57 am
up near resistance again and should back away again, though maybe not today new low – could it in your pocket and make one though

02 Mar 2018 09:59 am
very much like 1987 action especially if they closed down here or lower

02 Mar 2018 10:01 am
the fact that this keeps holding just above support on pullbacks it should take out 5758 and then would need to hold after that and keep on running up through the 64-65 area or else another pullback of some sort

02 Mar 2018 10:03 am
might end up being another top if this cannot hold 56 and run up through 60. And not reaching 65-67 area

02 Mar 2018 10:07 am
after the low at 47 support the 57 resistance was touch and then 2 pullbacks held 64.25 and turned up, but failed as 59.75 and needs to get over 62 area and then especially 67, still very bearish and sold on bounces unless change

02 Mar 2018 10:13 am
can keep nudging down if these tiny pullbacks keep being sold into and doesn't go up over 60 area with some gusto and hold on a tiny bit for another push higher

02 Mar 2018 10:19 am
ES has been chopping around in a range failing around 56.50-58 mostly and trying to hold 50.50 mostly and should end up breaking down if this cannot get over 56.50 minimum

02 Mar 2018 10:22 am
testing the low and needs to bounce back above 54-56 and then have a pullback hold above the low and turned up again and a good bottom could be in place and stead of another failed bounce

02 Mar 2018 10:33 am
54-56 was taken out and then held and turned up from 51.75 and made it back up to 58.50 so far and just under the 69.75 prior bounce back which should be broken on the way towards 62 and possibly a bit higher are at 67 area a good resistance

02 Mar 2018 10:37 am
62 reached and needs to only have a pullback hold around 56 and turned back up for a high could be in place at that updated resistance/target

02 Mar 2018 10:40 am
still struggling to get through 62 but still holding 58.50 and if that continues to hold then the 64-65 zone and possibly test or break 67-68 area

02 Mar 2018 10:45 am
65.75 reached on the bounce so far and getting over 67 and holding over 64 afterwards keeps us in a good uptrend headed towards 74 if this doesn't go straight up –

02 Mar 2018 10:48 am
67 rejected after going straight up to that level and now needs to bounce off of the 60.50 area at or above or else could go back under 58.50-57 area again

02 Mar 2018 10:55 am
must continue holding over 58.50 now or else could keep going down to or through 56-55.50 area instead of going back this high or higher

02 Mar 2018 10:59 am
so far there is a low at 47 support and a high at the seven prior the national support/new resistance, and at the moment this looks like it could be in a bit of trouble if it doesn't take out 64.5 soon

02 Mar 2018 11:05 am
at the moment we are starting to see small bounces be sold into and under pressure holding under 61 right now

02 Mar 2018 11:19 am
another little pop up that failed and should continue working its way towards the low as the Dow is already at a new low as long as the ES holds under 59 area at the highest now

02 Mar 2018 11:25 am
a better bounce this time opens the door to go back up to around the 62-63 area where it should have some trouble or else going to take out a key area around 67-68

02 Mar 2018 11:36 am
rejected from the 67.50-68.50 prior initial support but so far holding at 61 on pullback and will should hold 58-57 or else could go back towards 52-52.50

02 Mar 2018 11:43 am
buy next dip over 62-60

02 Mar 2018 11:47 am
76-78

02 Mar 2018 11:50 am
it's the 73.50-74.50 area that's the next important area to get through and needs to hold 67 prior high at prior initial support. A move over 74.50 could keep going to or through 78 area

02 Mar 2018 11:57 am
76-78 area was reach and backed away a bit so far and will need to continue to hold the 67 area or else could begin another pullback of some sort. Back in just a bit

02 Mar 2018 12:07 pm
the last push higher the ES 1 point above yesterday's close and turned back down, but this uptrend won't break unless it goes back under 71.50-70 and not turn right back up again

02 Mar 2018 12:16 pm
a pullback to 70 in another bounce, and decent size swings to trade both sides but at the moment looking a little top-heavy

02 Mar 2018 12:17 pm
just for a pullback of some sort

02 Mar 2018 12:19 pm
NOTE: with my trading camp going on next week there will not be any intraday updates. My apologies, 1 week will be added to your membership. I am going to be away until around 1:15 roughly, update when I can but top possible if no good bounce from 6

02 Mar 2018 12:50 pm
Taking out the double top opens the door to get through 83.50- 84.50 or more before another small pullback

02 Mar 2018 01:14 pm
any kind of bounce from here should fail with the ES turning down from 85.50, this could be headed back two or under the 67 key area again

02 Mar 2018 01:15 pm
and then give a bounce of some sort but should be eager sellers into a bounce attempt from 70 or 67-66

02 Mar 2018 01:16 pm
should turned down at or below 80 area

02 Mar 2018 01:18 pm
it is the 78-80 area that should be rejected on a bounce attempt if reached on this move and then come back down through 70 reach 67-66

02 Mar 2018 01:28 pm
holding the 70 area since it ran up from there around 12:22 the 85.50 poke above resistance and reversal bar right after touching 85.50, but should go to 70 down to 67 or more soon and from under the 76 area

02 Mar 2018 01:34 pm
just reached 68 and should keep coming down through 67 and reach the 64-63 area where it needs to turn or else could keep on going under 60 and test 58.50-58 or more if no kind of bounce from 66 area

02 Mar 2018 01:38 pm
63.75 new support would need to hold and get a bounce back above 72.50 or else another push lower towards 60-58.50 area.

02 Mar 2018 01:40 pm
I have some things to do this afternoon in order to be prepared for my trading camp next week. I will be updating periodically but not as much, which might be a good thing. Right now attempting a turn around and first needs to get back above 70 and s

02 Mar 2018 01:44 pm
turned down from 1 tick under 70, which needs to be taken out and able to hold if going back to or above 72.50 area again, or else roll over again and a chance of taking out 63-62

02 Mar 2018 01:54 pm
bounce took out 70 and went up quickly to the 75.50 level where the ES bounce to coming off the top and before its drop to 63.75, and important to get over and stick to have a shot at testing 84-85 resistance area again.

02 Mar 2018 01:54 pm
Avoids a problem as long as 64.50-63.50 holds this afternoon. If broken and held under this afternoon then could in the day poorly once again

02 Mar 2018 01:56 pm
75.50 area will be key area to take out and hold this afternoon also to have a shot at a decent close, on the upside for a change. At the way the market has acted the last 3 days I wouldn't rule it out

02 Mar 2018 02:18 pm
THAT es HAS BEEN stairstep a higher back up to 80.75 and needs to continue holding 75.50-74.50 in order to keep upside going back up towards the high area and if no reversal then a shot at going on up towards 92-93 before this is over today

02 Mar 2018 02:37 pm
that ES is looking to be a little bit top-heavy at the moment and is going to need to hold the 68.50-67.50 initial support area and bounced back instead of breaking through that also, which opens the door for 63-62 and maybe a good deal more– 60-58

02 Mar 2018 02:53 pm
AT least 70 should not be broken/ held or late breakdown possible. 85 need broken hold to try 92-93, or pullback of some sort Take care

 

INTRADAY LOG FOR THURSDAY - MARCH 1, 2018

01 Mar 2018 09:16 am
good morning. After yesterdays debacle there was a little bit of follow-through overnight and this morning breaking 2702 minor support, can't put all of them in, and is the bottom picked but bounces should have a hard time holding

01 Mar 2018 09:20 am
bouncing off of 2698 and the minor first resistance is around the 21.50 area. That was the high in the last 5 minutes yesterday and 17.50 the bottom of that bar

01 Mar 2018 09:26 am
this early strength should last very long before pulling back again. Support and resistance was kind of hard to get yesterday except 27.50-28.50, then basically 34.25-36 but price action should dictate anyhow

01 Mar 2018 09:26 am
update about five minutes after the open and then I'll meet you online today at around 10:20 or thereabouts

01 Mar 2018 09:33 am
came down to just above initial support and will need to hold that area and get the above 21.50-22.50 and stick or else could come back down to that area or partway at least

01 Mar 2018 09:37 am
will need to get over 14 and especially 17 to attempt getting back up above 20 and the 21.50 early key support or else keep going to at least 2707.50 and maybe headed to 2702 or in the mid-2690s before a bounce

01 Mar 2018 09:40 am
no change from that action we had yesterday and there will need to be a good turn around and start an uptrend that lasts longer than 15-20 minutes before rolling over

01 Mar 2018 09:42 am
stays under pressure unless a move over 2708 that sticks and especially the 12 area

01 Mar 2018 09:44 am
it's going to go right down to or through the 98 area and it nno reversal then 94-93 or it could be a bigger breakdown if no good bounce from that area

01 Mar 2018 09:48 am
has to get over 11--12 and be able to stick. I will meet you online around 10:20

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

01 Mar 2018 11:59 am
the ES ran up 31.50 points from 2698.50 at 10 AM to 2731 before reversing at 10:35 and dropping 25 points back to 2706, and now a 15+ point bounce so far that needs to hold around 16-15 or else have a further breakdown to/through 12 area

01 Mar 2018 12:00 pm
a pullback that holds over 16-15 might have a chance at 22.50-23.50 but not more most likely

01 Mar 2018 12:04 pm
bigger breakdown started and going to the low area or just above

01 Mar 2018 12:05 pm
so far today has been like Tuesday and Wednesday with the bounces failing, and that should continue even if it's just a two-sided day, still the better odds selling bounces going with the trend and momentum

01 Mar 2018 12:10 pm
prices acting similar to the last 2 days also, and if this does not hold 2706 than still more similarities. Would need to be a good bounce go up and take out prior swing high made at 21.75 and not get turned back down a few points and minutes after

01 Mar 2018 12:14 pm
now we have the double bottom at 2706.50-2706.00, and if broken through then could get some momentum or make a triple bottom attempt. Right now needs to get over 12 area and stick or down again

01 Mar 2018 12:22 pm
further breakdown and a chance of a bounce from 2702 area but pressure stays on as long as this holds under 2709-2710 area

01 Mar 2018 12:26 pm
I will be away until around 1:20 but as usual I will update when necessary as soon as there is some free time to do so. A pretty busy day today, I'll do my best. BUT, in nutshell, could be like Tuesday/Wednesday if 98.50 broken and 24,878 on the Dow

01 Mar 2018 12:41 pm
should be going to or through the 93.50 low made on the 21st if this is going to continue and expand its current breakdown

01 Mar 2018 01:02 pm
better breakdown underway after a feeble bounce reverse down from 2706.25 and 83-82 would be a major area more damage if reached

01 Mar 2018 01:27 pm
after yesterday's late drop of 46 points 50 points that ES dropped 50.75 points from top to bottom so far, and with lots of volatility in between its a 109.50 point drop from ES 75% retracement top on Tuesday. Some damage has been done, so...

01 Mar 2018 01:32 pm
unless the ES is able to get back over 2706-2707 area is taken out, able to stick up there. It could still be a choppy trend down kind of move with bounces of 11-15 points maximum, and without momentum. Currently needs to get back above 93-94 prior s

01 Mar 2018 01:33 pm
or else could roll over again

01 Mar 2018 01:42 pm
another failed bounce attempt and if the 80 area doesn't hold, we could see that ES keep this trend down action and had to or through 72-71 next

01 Mar 2018 01:42 pm
assuming no double bottom and then move back above 2693 prior support/new resistance area

01 Mar 2018 01:45 pm
15.75, 10.50 and 13 point bounces after coming off of the 31 top with all higher highs and lower lows, old bounces failing and should continue as long as a hold under 2693.50

01 Mar 2018 01:47 pm
stay with this on the short side down to the 70.50 area next, should go to either straight line or get there after a small bounce fails again

01 Mar 2018 01:57 pm
another feeble bounce failing, which is going to continue as I have been saying ad nausea, with the bounce from 74 failed and now must hold and bounce from 72 otherwise could be continuing a bigger breakdown and the ES could fall as far as the 62-60

01 Mar 2018 01:59 pm
that sounds pretty bad, and it is, but still just the 50% retracement from the lows on 2/6 and 2/9 – could be seen if action extremely poor like this

01 Mar 2018 02:03 pm
as I have been saying this is going to be like yesterday and

01 Mar 2018 02:10 pm
62 was reach , and that the to-60 area will need to be a bottom and not broken, otherwise, unless unless something changes in the ES gets over 80.50-81.50 and not get turned back back down, next big board another 33

01 Mar 2018 02:18 pm
trend down action continuing with another lower low taking out the 62-60 major area, if this keeps going there is another 30-34 points it would need to go. That is quite a ways after already dropping 73.50 points, doubt that ES

01 Mar 2018 02:21 pm
bounces have been from around 12 points and maximum 15 points in a bounce. That would be taking out the 72.50 prior resistance area. Should turned down from 72-73 or things can be changing

01 Mar 2018 02:22 pm
better odds now I think of buying pullbacks set of selling bounces, although both sides. should still be tradable

01 Mar 2018 02:23 pm
update and about 10 minutes or so. Just turned down from 73 so things haven't changed yet. Now needs to make a lower level again.

01 Mar 2018 02:36 pm
the ES bounced 16 points, that ES bounce of the day by 3 ticks, and needs to come down to make another lower low to keep this trend down move going

01 Mar 2018 02:43 pm
that ES is trying to hold together now that it's down more than 1.5% and 72+ points from its high today, and needs to get through 73-74 and not get turned away, but if so avoids any more trouble by holding at or above 62 area, really should not go th

01 Mar 2018 02:48 pm
next update in about 10 minutes or so

01 Mar 2018 02:57 pm
that ES is still not acting well as it has been sold at 74.00 and 74.75 three times so far, needs to get above and hold soon, or else a move to or through 63-62 major area due to breakdown could mean testing or breaking the 58.50 low before the end o

01 Mar 2018 03:00 pm
would need to get bid back up through the 65-64 area at worst to have a low in place, which it is beginning to look like is possible

01 Mar 2018 03:02 pm
could be a breakdown about ready to happen and if the 58.50 low is broken through and not quickly reversed then headed to the low 50s and maybe headed down towards 2632-2629 area

01 Mar 2018 03:05 pm
the whole day has been like this, bounces sold since 10:35 and will need to make a move over 73-74 and be able to stick

01 Mar 2018 03:09 pm
there are some shorts taking profits or buyers again their bottoms on pullbacks holding around the 63 support and could have a breakout on the upside that , may have just started as this goes out –actually sticks

01 Mar 2018 03:12 pm
for the rest of today there should be a low in place as long as the ES only has a small pullback and can turn up from around 70-68 area and goes up or just holds that area

01 Mar 2018 03:18 pm
on the way to the 88 and possibly prior support at 93-94 if there is not a sizable pullback from the 84-85 area. Must hold 74-73 area on a dip and turn up

01 Mar 2018 03:28 pm
backing away from a little bit under the 93 prior support and currently holding at 80.50 prior low and unless broken could pop up one more time towards the 93 area, should not be broken if going to go down to 74.50-73 area

01 Mar 2018 03:32 pm
in the last 30 minutes of trading that ES needs to get back over 93 or else is still in some trouble and could test or break down through 74-73 and if that happens, instead of a bounce it opens the door to go back down to the low area again

 

INTRADAY LOG FOR WEDNESDAY - FEBRUARY 28, 2018

HOW OUR TRADING DAY WENT: We had other setups, but the 123 pattern at the 2:25 PM timeframe was the start of a 46.50 point drop over about 90 minutes of trading. Very steady move, with 2 bounces that were bound to be sold as members were told after that turn. CLICK HERE for a video recap of what happened today for our group.

28 Feb 2018 09:23 am
good morning. I have to be away for a while this morning and will not be able to do a live trading room today. My apologies. this overnight bounced needs to take out 58 and stick to try breaking bigger picture downtrend

28 Feb 2018 09:25 am
current uptrend intact as long as pullback holds 54

28 Feb 2018 09:26 am
update about 5 minutes or so after the open.

28 Feb 2018 09:30 am
going back down through 67-66 could start pullback

28 Feb 2018 09:34 am
should be a top holding under 57 and breaking under 55 and holding

28 Feb 2018 09:35 am
has to hold under 55 to keep strong pressure on

28 Feb 2018 09:40 am
small and feeble bounce so far and will need to run up over 55 and not turn right back down

28 Feb 2018 09:44 am
holding under updated resistance and should find buyers at the 49.50-48.75 area at worst that this is going to have a rebound of some sort and not keep going towards yesterday's low area Broken and held under that

28 Feb 2018 09:46 am
disappointing Econ data should pushes lower but still will be under pressure unless 53-53.50 area broken above and able to stick

28 Feb 2018 09:48 am
49.50 missed by 1 tick and could be a low in place for a bit especially if this can get over 53.50 and hold up there or only a tiny pullback and go up again

28 Feb 2018 09:52 am
took out 53.50 and if going back up then needs to hold around 53 and turned up but still has 58 to get through if it does

28 Feb 2018 09:56 am
bounce from 1 tick over updated 49.50 support held updated 53 on a dip and turned up and just made a new high at 59.75 and now should hold around 57 on pullback for good uptrend to continue and avoid bigger one

28 Feb 2018 09:59 am
this will stay strong now as long as a hold over 59-58 area although not much further

28 Feb 2018 10:02 am
this 62-63 area is going to be a problem for a while and needs taken out with some gusto if going to get a run up to 66, not pullback under 58

28 Feb 2018 10:03 am
need to be away a bit. Hopefully ~20 minutes. My apologies

28 Feb 2018 10:35 am
ES going sideways with some quick drops and quick run up and needs to hold 56 and take out 62 area without turning right back down

28 Feb 2018 10:40 am
a hold over 59-58 may be needed to get through this up through 62 if it's going to make new highs and not double top

28 Feb 2018 10:42 am
with double tops in place now going through 56 could mean picking up momentum and set of another bounce

28 Feb 2018 10:46 am
if there is another bounce then must take out 62 and stick or still would be vulnerable for another drop of some sort. Should have resistance 57.50-58.50

28 Feb 2018 10:49 am
will need to stop at 52.25 otherwise could go to or through the low and reach that 49.50-48.75 area that was key support early

28 Feb 2018 10:54 am
if a break through 48.50 then a shot at going down to 43-42 area, but probably above that area unless turning very weak and the Dow cash can take out its early low also

28 Feb 2018 11:00 am
that ES stopped 1 tick above support and is bouncing and needs to get back above 49.50-50.50 in order to break downtrend right now

28 Feb 2018 11:06 am
would be thinking this is going to be like yesterday but so far there is a bounce from initial support and a double bottom from yesterday late low area on the Dow also. But that happened yesterday also, so needs to be something run this up to or thr

28 Feb 2018 11:09 am
49.50-50.50 should be a bounce high and should not be broken if this is going to go back to or through the low which it should

28 Feb 2018 11:11 am
going to be working its way towards the 38.50-37.50 area or lower for a target holding under 49 area now at the very highest

28 Feb 2018 11:17 am
so far just a feeble bounce from the lower low at 40.25 and roll over around 47 and not get turned right back down to test the low like it should

28 Feb 2018 11:19 am
should be just a small pullback from 47.25 pounds high so far that holds above the low now, if going to get over 50 and and neutral territory

28 Feb 2018 11:26 am
another bounce attempt that has failed and if it cannot bounce from 43.50 now then it's going to go back to test were break its low

28 Feb 2018 11:27 am
most continue holding 43.50-42.50 in order to avoid another push lower and avoid potential breakdown and have a shot for a decent bounce instead

28 Feb 2018 11:28 am
should keep going up to 49.50-50.50 where it must push through with some gusto or else pullback again

28 Feb 2018 11:33 am
down turn from 49.50 headed to test or break 40 area and if taken out to the 38-37 area

28 Feb 2018 11:35 am
42 and then the 40.25 low should be support areas but get broken through holding under 44.50 at the moment

28 Feb 2018 11:36 am
bounces have not gone very far before failing and this should only be another small bounce before breaking a triple bottom at the moment – similar to yesterday right now

28 Feb 2018 11:38 am
45.50-46 area bounce resistance, need to broken through with gusto if going back to 49.50-50.50 and not to the lows – again

28 Feb 2018 11:42 am
higher low by 1 tick so far could make a 123 bottom but still under pressure as long as 46 is not taken out with gusto and held heading towards 38-37

28 Feb 2018 11:47 am
has been holding under 45 area but has to take out the now trouble bottom, yesterday a 4th time down was needed for the bigger breakdown. This one to 38-37 or more

28 Feb 2018 11:50 am
37.50 reached and quickly turning up from support, but needs to be a better bounce and at least get above 44-45 and not get turned right back down again. It's just a bounce unless broken/held

28 Feb 2018 11:53 am
so far the 43.50 has turned into bounce resistance and unless it is broken above and then held on a dip after that, selling pressure still on with a chance to test the low area or poke through

28 Feb 2018 11:56 am
with bounces failing, even with the rebound from 37.50 major/pivotal area, would watch for bounces to run up and either stall out, or have a spike up reversed at a bounce high on 1 minute chart

28 Feb 2018 11:59 am
should be a low in place at support for a while after turning down from the 62 resistance, but another pullback should come from around the 46-47 area if there is one more pop-up. 49.50-50.50 would be a major hurdle to clear now if reached

28 Feb 2018 12:06 pm
looks like this pullback needs to turned up from 44-43.50 area or else bigger pullback could be underway by holding under 49.50-50.50 again

28 Feb 2018 12:12 pm
a move over 49.58-50.50 that is able to stick is needed to avoid another decent pullback and get itself out of trouble on its way back up at least a few points if not just a head fake and reversal

28 Feb 2018 12:16 pm
with tiny pullback and turn up this is best chance of getting through that resistance and will need to hold 46 area or it may not even get there

28 Feb 2018 12:18 pm
starting a pullback and possibly new downtrend if this keeps on going down to or through 44 area which it actually should try holding instead of breaking down

28 Feb 2018 12:20 pm
should keep coming down to or through 44-43 area and if no sign of a good bounce that back to retest or break the low at support

28 Feb 2018 12:23 pm
I am going to be away until around 1:20 but will update if necessary as soon as I am free to send something out .

28 Feb 2018 12:27 pm
at the moment it's in a range short-term bullish as long as 43.50 area holds and with an important bigger picture downtrend resistance 48.50-49.50 or just a tiny bit below

28 Feb 2018 12:49 pm
that ES went to 41.75 and reversed up from the token lower low under 42.50 and reversal back above 49.50 and should stay in rally mode now back up to test or break 55.50-56.54 more

28 Feb 2018 12:51 pm
seems to be a little bit early for end of month "windowdressing" and there should be some pullack from the straight up move that bounces from 50.50-49.50 area at worst

28 Feb 2018 01:02 pm
so much for being in rally mode, but in case it does get turned around at or above 48.50 area, it shouldn't have an easy time going on up through 54-55

28 Feb 2018 01:12 pm
so far the pullback held at 47.50 which was under the 48.50 level but turn right back up and now this run up might have a chance to get back towards 54 area but should not be easy, it may not even get there

28 Feb 2018 01:13 pm
next update and 10-15 minutes. Right now some more two-sided action and should be sold into on this bounce attempt

28 Feb 2018 01:23 pm
48 area held twice so far and should be important to hold on one more pullback if this continues to hold at or under 51.50-52.50. Would need to get through with gusto if going over 54

28 Feb 2018 01:28 pm
as stated 54 would be hard to get through and 53.50 was just reached and turned away and needs to bounce from 50 or above or else keep going down towards the 48.5047.50 pullback low area where it either bounces were has further breakdown

28 Feb 2018 01:28 pm
most likely the breakdown

28 Feb 2018 01:31 pm
bounce from 50.25, becoming a pivotal area, could get this over the 54 area and if so it has a shot at 56 or more. However another rejection and drop under 50 could mean top for a while rather than going sideways/higher

28 Feb 2018 01:34 pm
looks like buyers will be in charge as long as the 50 area continues to hold. If broken through though, then things go the other way most likely

28 Feb 2018 01:40 pm
cannot get over 53.50 on top keeping pressure on but cannot take out the 50 area yet to put more pressure on but will if it does crack 50 and gets a little bit of downside momentum instead of a quick reversal back up

28 Feb 2018 01:41 pm
need to take out 53.50-54 with some gusto in order to stay on the upside if it's going to get a move up going instead of breaking down. Tight range for long enough

28 Feb 2018 01:46 pm
reversal down from 53.50 my have a shot at taking out the 50 area if it is rejected 1 more time. Buyers still trying to push them up, just not holding very long – breakdown should occur and

28 Feb 2018 01:47 pm
a move to the downside should occur in the next 5 minutes or less if it is going to happen, otherwise odds grow it will break to the upside instead

28 Feb 2018 01:49 pm
pressure is still on so bounces should still not be able to stick and should keep working its way down to test were break through the 48-47.50 swing low area and probably take that out also

28 Feb 2018 01:53 pm
a bounce attempt from 47.25 token lower low of that trading range and good bounce back up around the 50.50-51 area it should turned back down if reached instead of trying to get all the way back up towards 53.50-54 which looks doubtful

28 Feb 2018 01:55 pm
good rebound from the bottom of this trading range, basically from 53.50-54 on top and 48-47.25 on bottom. Looks like buyers in control the defending the low end

28 Feb 2018 01:57 pm
a run up from here set of another failure can go to 56 area

28 Feb 2018 02:01 pm
made it to the 57 level so far and needs to keep going through 58 in order to get back above what was initial resistance and was the breakdown area earlier. Any backup to or through 62-63 area if this continues

28 Feb 2018 02:11 pm
we have had a 20 point bounce from yesterdays low to the morning high, a 24.75 point drop, now a 21 point reboundand if a pullback does not bounce from around the 53.50-52.50 area at worst, could start moving back towards 48-47 but needs a 180° turn

28 Feb 2018 02:14 pm
pullback coming from where the breakdown got in gear just over 1 hour into trading this morning and if there is not a strong rebound from 53.50 area then could keep going back down to or through 48-47 major area this afternoon

28 Feb 2018 02:21 pm
ES bounced off of 53.75 updated support and backed away from 56.25 level so far, need a move back up over 56.50 area and then hold 56 otherwise come back down to the 53 area possible

28 Feb 2018 02:22 pm
just turned it down so needs to get going very soon if headed towards 53 or lower and not rebound and start another run up from this small pullback. Break and hold under 53.52 put strong pressure on

28 Feb 2018 02:26 pm
need a pop up over 56 that sticks in order to get some upside going and continue holding over 54-53.50 area

28 Feb 2018 02:27 pm
58.50 needs to be taken out to avoid another pullback

28 Feb 2018 02:28 pm
that could be a lid on this bounce, just a bounce unless that is taken out and held

28 Feb 2018 02:29 pm
should be sold on bounces now has the ES went up to 57.50 and immediately turned back down. 57.50-58.50 is very strong bounce resistance today, would need to get over and stick in order to have a shot at the 62-63 area, instead of what will likely be

28 Feb 2018 02:31 pm
breaking down and reversing with some momentum and has to hold around 51.50 area or else could continue working its way back down towards 48-47 again

28 Feb 2018 02:39 pm
reversal all the way back to the 48-47 area and could cut right through that also and continue dropping towards the 43-42 area

28 Feb 2018 02:41 pm
should see all bounces being sold into unless something changes late in the day. 80 minutes left and regular trading hours, two-sided action can unwind on the downside

28 Feb 2018 02:43 pm
if this drops that down to the 38-37 major area where it bottom this morning, the market would be in some bad shape if it took that out. Should bounce off of this 46 area but if not then 43.50-42.50 initial support again

28 Feb 2018 02:47 pm
might keep an eye on the Dow cash also, it is broken it's sideways range and if its early low at 25,312 area is broken, 43.50-42.50 is broken. Likely is this just another feeble bounce turning down under 48.50 area. Might be different if broken and h

28 Feb 2018 02:50 pm
every little bounce has been sold on the way down and the using the dynamic resistance on the 1 minute chart as a downtrend a guide, must hold around here and turned up and break 47.75 right now

28 Feb 2018 02:51 pm
could be yet another 20 points move going down to the 38.50 area or lower. Still steady downtrend holding under 44 now

28 Feb 2018 02:59 pm
almost back to the 38-37 area where there must be a good bounce otherwise follow the Dow to lower lows and could head towards 32.50 area which is a big area that must hold today to avoid bigger trouble down the road

28 Feb 2018 03:05 pm
1 minute chart with 9 and 18 EMA's normally back well as trend guides in a move with good momentum, and this has been a good guide ever since a little after the 123 top and reversal around. 2:25. New low reverse at 34.50, need to take out 40.50 area

28 Feb 2018 03:12 pm
this bounce that fails again will need to hold the 32.50 area if there is a lower low otherwise if that is a move to that area that's not reverse then this could and up as another ugly day today

28 Feb 2018 03:16 pm
as long as this is holding under 40 pressure will stay on and headed to the 32.50 area or more

28 Feb 2018 03:17 pm
34.25 has been touched and given a tiny bounce 3 times and should be broken through soon

28 Feb 2018 03:22 pm
if this happens to go through the 32.50-31.50 area that could keep going to or through 29.75, that would need to give a bounce or else it could force some late selling. Pressure still on holding under 38 area now

28 Feb 2018 03:27 pm
31 point drop with every bounce a small one on the way down, and will need to at least get back over 31.50-32.50 area and especially 34.50 otherwise this can keep on drifting lower

28 Feb 2018 03:30 pm
27.50 low of the day – so far – as every single bounce has been sold up to this point today. It looks like getting over 33.50-34.50 , not much higher, would need to stick, not turn right back down,to stay under 18 EMA on 1 minute chart

28 Feb 2018 03:33 pm
we had 24.50 point drop, 21 point rally and a 31 point selloff which may not be over with just yet. Pretty good two-sided action. Process of retest going on. Stay with shorts holding under dynamic resistance on 1 minute chart – 33.50 area

28 Feb 2018 03:34 pm
get over 34.50 and stick. A shot at a drop down towards the 22.50 area if this lets loose to the downside in the last 40+ minutes until settlement.

28 Feb 2018 03:36 pm
have a great rest of the day. update this evening and then I'll meet you online tomorrow before opening. under pressure unless 33.50 broken/held. Could rebound decent before failing again otherwise. Take care!

 

INTRADAY LOG FOR TUESDAY - FEBRUARY 27, 2018

HOW OUR TRADING DAY WENT: The ES retraced EXACTLY 75% of its drop from the all-time high to its crashette low at 2789.75, and then reversed and sold off 47+ points. We got a good part during the LIVE session and after the lunch break. CLICK HERE for a quick video recap!

27 Feb 2018 09:13 am
Good morning. should get two-sided action with yesterday's basically trend up move. looks like 84-85 needs cleared/held or go to or through 80-79 and not bounce right back in the early going

27 Feb 2018 09:19 am
the market expects volatility and if there is going to be a decent drop or pullback then it should began within the next 8 1/2 regular trading hours

27 Feb 2018 09:22 am
I will update a little bit after the open and then meet you online around 10:20-10:25 today

27 Feb 2018 09:29 am
looking like 79 needs held

27 Feb 2018 09:31 am
could be a high in place for a better pullback holding under 83

27 Feb 2018 09:31 am
82.50-83 at the most and taking out 79 without popping right back up again

27 Feb 2018 09:35 am
should be a high in place for a while at that 83 area now and especially taking out 77 and holding

27 Feb 2018 09:36 am
to have a shot at yesterday's highs they need to go over 82-83 area and not turn right back down. they can't make mines up early, appears still safe buying pullbacks unless breaking and holding under 79

27 Feb 2018 09:38 am
don't know about buying dips with the indicators and nearly parabolic move higher, would need to be a decent one as we still have lots going on at 10 AM and after

27 Feb 2018 09:39 am
84-85 should give pullback of some sort of a reaction

27 Feb 2018 09:40 am
83 area new support to hold and turn right back up from if reached in order to keep this going up

27 Feb 2018 09:41 am
going back under 81 and not turning up again should mean that a move back towards 79 and maybe the low

27 Feb 2018 09:45 am
should be sold up here and pulled back at least but they don't breakdown unless 77 is taken out.

27 Feb 2018 09:53 am
top

27 Feb 2018 09:54 am
77 low major

27 Feb 2018 10:11 am
must break 77 n hold more than few sec. 85 key 88 next

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

27 Feb 2018 11:58 am
the ES has been failing on every single bounce on the way down to the 63-62 area just below and should also break that area after a bounce attempt if it holds under 70.50 at the very highest

27 Feb 2018 11:59 am
I have an appointment and will update when possible over the next 20 minutes or so before lunch break

27 Feb 2018 12:20 pm
a feeble bounce from 62.75 and another lower low at 61.25 so far and will keep in a strong downtrend as long as it holds under 68 at highest now

27 Feb 2018 12:21 pm
and heading towards the 53.50-52.50 area if this is going to reverse yesterday's move, or at least most of it at that area

27 Feb 2018 12:27 pm
broke and held under 63-62 on the way to 56.75 so far and if another feeble bounce holds under 62-63 then should keep going to or through the 53.50-52.50 area

27 Feb 2018 12:30 pm
I will be away on till around 1:20-1:25 roughly but will update if necessary but extremely busy day here and may not be able to. Currently watch 62-63 for resistance (68 major to break) and test of the low, if broken 53.50-52.50 a major area.

27 Feb 2018 01:13 pm
ES just ran up to 73 support turned resistance and turned down and a chance of it being a bounce high area especially breaking under 69-68.50 area

27 Feb 2018 01:18 pm
also the 73 area coincides with middle of today's range so far, and with bounces being sold early that tendency should begin from that area as it did at the 77.25 pounds high and be an important top for this move – break and hold over 73-74 or brea

27 Feb 2018 01:23 pm
this turned back up with enough gusto that it could get through the 73 area but must not reject reject and instead go right through or else could be another drop that those further

27 Feb 2018 01:26 pm
72 rejected as it couldn't quite reach 73-74 new resistance and couldn't come back down to test or break 67.50 again if 69.50 is broken through/held under 70.50 after

27 Feb 2018 01:27 pm
could get through it this time with these small pullbacks being bought now

27 Feb 2018 01:29 pm
could reach but should not break through that 73-74 area, but beginning to look like it won't even get back to 72 at the moment so a short under that resistance for a move back down to or through 63-64 possible

27 Feb 2018 01:30 pm
has to be more than just another small pullback or else another run up has a better shot of getting up there and possibly breaking through. Needs to break lower in the next 5 minutes at latest

27 Feb 2018 01:35 pm
should keep coming down towards the 63-62 area or maybe a little bit above that before a bounce attempt. And must hold that area otherwise could make lower low at or under 54-52 area

27 Feb 2018 01:39 pm
bounce attempt from a higher low and over the 63 area stopping at 65.25 so far, need to hold or else go to or through 63-62 but likely breaks if this bounce holds under 68 area at the moment

27 Feb 2018 01:46 pm
bounce from 64.75 higher low will need to hold 67 area now in order to have a shot at the 73 area on the upside again and set up coming back down to test or break 64.75

27 Feb 2018 01:50 pm
bounce attempt failed miserably and this should continue its way down to or through the 63-62 area as long as bounces hold under the 70 area right now

27 Feb 2018 01:56 pm
bouncing from the 63-62 target/support and bouncing but if not much of a bounce again and breaks through 62 without immediate reversal back up could be headed down to test or break the 56.75 low in "no man's land"

27 Feb 2018 01:58 pm
a quick reversal up from 62, which was needed to keep the market out of trouble at least a short while, needs to get over 65 area at the least

27 Feb 2018 02:01 pm
would need to get above 65.50-66.50 area and stick up there instead of being rejected

27 Feb 2018 02:02 pm
all of the tiny pop-ups still being sold and pressure is on holding under 65.50 area at the moment and coming down

27 Feb 2018 02:11 pm
with double bottom in place at the moment, need to keep going up through 65.54 hold at or above 61.25 on a small dip otherwise a shot at going back to the double bottom instead of nice bounce

27 Feb 2018 02:20 pm
still being sold on every bounce and should be ready to break through the bottom of this and go to 53.50-52.54 lower

27 Feb 2018 02:21 pm
would need to get over 63 again and then hold around 62 and turns up again afterwards. That doesn't appear likely at the moment, a pop-upshould be sold under 61

27 Feb 2018 02:26 pm
a new low and will need to hold under 60.50-61 on a bounce if it's going to stay in a good downtrend rather than just a bounce from a token lower level

27 Feb 2018 02:27 pm
going to try to reverse the downtrend if broken and held

27 Feb 2018 02:28 pm
took out the 60.50 area and back to the 62-63 area which could become pivotal, but could be another pullback unless broken soon

27 Feb 2018 02:35 pm
after a W bottom looked like it might fail good buying came in at 2:30 PM at the 60 area and will need to hold above that in order to have this turned back up again and on its way to test or break 72-73 – and the third time for a 50% retracement

27 Feb 2018 02:40 pm
even these bounces are having decent pullbacks in the uptrend, and decent bounces in the downtrend. needs to bounce from 63-62 or else in trouble again

27 Feb 2018 02:41 pm
recent parabolic run up accompanied with indicators reaching extremes and sentiment extreme reversing (the VIX up 14% right now) keeping pressure on – mostly due to market structure – bounces should keep failing

27 Feb 2018 02:46 pm
should be heading towards the low and possibly down to or through the 53-52 area breaking through the double bottom without a quick reversalback up

27 Feb 2018 02:53 pm
has to go up through 61 without being rejected or else could come back down one more time and take out the lows

27 Feb 2018 02:56 pm
once again a good bid came in at the 69 area to drive prices up again. It didn't stick the last time, and will this time unless it can get over 66.25 prior swing high

27 Feb 2018 02:57 pm
that was a reversal bar on the 5 minute chart and a perfect set up looking at a 1 minute chart over 3 minutes – perfect definition of run up and a stall before reversing

27 Feb 2018 03:04 pm
triple bottom has had two failed bounce attempts so far and still under pressure as long as it's under the 63 area

27 Feb 2018 03:05 pm
has to get over 63 and hold 62 on a dip afterwards if it's going to attempt a turn around and not go to lower lows and maybe test or break 52.75 area

27 Feb 2018 03:06 pm
quadruple bottoms are very rare, and that ES should go down to 52.75 area or more on a breakthrough not immediately reversed up with gusto

27 Feb 2018 03:13 pm
attempting to bounce from just over the 53.50-52.50 zone and so far held 2 ticks above and can still be tested for broken with bounces failing if a hold under 62-63 still

27 Feb 2018 03:17 pm
another hold of the 54 level, needs to go over 58 to take some pressure off the downside heading to or through 53-52 area for possibly 49.50 and fill the gap from yesterday's big up open

27 Feb 2018 03:23 pm
"outside day" with a higher high and lower low then yesterday on the ES and headed towards 49.54 more if this holds under 56 at the very most

27 Feb 2018 03:31 pm
the ES held over the 49.50 level and turned up and a move over 55-56 that can stick should have it out of trouble in the last 30 minutes. however

27 Feb 2018 03:33 pm
if the ES goes back under the 56 area and not get turned right back up, then there could be one last push on the downside that would hold the low but if not then 49.50 area should be a good bottom with a reversal up from there

27 Feb 2018 03:33 pm
have a great rest of your day. A notice will be in tonight's update so be sure to read. Take care and I will catch you in the morning!

27 Feb 2018 03:40 pm
50.50 was just reached and turned up so if there is another Bush lower then the ES can get to the 49.50 level and fill the gap left from Monday's big up open

 

INTRADAY LOG FOR MONDAY - FEBRUARY 26, 2018

26 Feb 2018 09:11 am
Good morning. the move was getting to be straight up in the last 2 hours Friday, and now this big gap up open well probably need to take out 62-63 or else early pullback

26 Feb 2018 09:25 am
58 area could be pivotal area early, and then getting above 62-63 and holding up there needed. Turning into a bit of a buying frenzy again and once it tops it could come down pretty fast.

26 Feb 2018 09:33 am
unless 62-63 broken/held this is going to have a decent pullback to or through 55-54 top of prior range or more

26 Feb 2018 09:35 am
at the moment it's going to take a break under 57 to turn things, even if a rejection of the 62-63

26 Feb 2018 09:37 am
62 must continue holding to keep this going straight up

26 Feb 2018 09:42 am
should be reversal attempt if a break under 63-62 area now not turn right back up. If it keeps going up then a reversal some time and the 9:10-10:10 timeframe latest

26 Feb 2018 09:44 am
should be sold under the high now

26 Feb 2018 09:47 am
60.50 would need to give a bounce back over 64.50 at least

26 Feb 2018 09:51 am
this bounce needs to make a higher high and not turn down, otherwise come back to or through 62-61 area opens up to go to 58 key area before 55-54

26 Feb 2018 09:55 am
holding under the high keeping some pressure on and need to come down through 62-61 pullback low area to keep going towards 58 which must hold to avoid decent pullback

26 Feb 2018 09:59 am
pressure still on and especially holding under 62-63 area now and taking out 60. A move back over 63 needs to have some gusto and hold 62 afterwards if going towards the highs

26 Feb 2018 10:02 am
still not able to get over 63 and hold up in that area and unless it does another drop can happen to another lower low

26 Feb 2018 10:04 am
60 has been holding with a decent bid down there and has to be taken out or else bounce back could get back above 63 even if it does not hold

26 Feb 2018 10:05 am
should be about ready to break lower if this cannot get over 63 in the next minute or two

26 Feb 2018 10:07 am
held 60 and ran up to 64 and now buyers will stay in control unless 60.50 broken. Although spikes to the upside should have trouble holding

26 Feb 2018 10:10 am
holding under 63 keeping pressure on but needs to take out 60.50 in order to keep going to or through 58-57 early key support then 54 major Tuesday

26 Feb 2018 10:14 am
breaking down some and still needs to take out the 58-57 area in order to have a shot at the 54.75 top of prior range

26 Feb 2018 10:19 am
56.50 was reached and now need to get back over 60.50 and be able to hold that area if it's going to attempt a turn around

26 Feb 2018 10:25 am
still has not made it back above 60.50 but unless a lower low it should get there and if broken has a chance at the 62-63 area and maybe more if there is momentum

26 Feb 2018 10:27 am
turned down from 60 a second time keeping pressure on to take out the low and keep going for the 55-54 areaif only a feeble bounce after again from a lower low

26 Feb 2018 10:31 am
55 reached and that as a shot at being a low but only if a move back over 60 that does not get turned down. Otherwise keeping on going under 54 could mean filling gap at 49.50 possible

26 Feb 2018 10:38 am
may have just made a low of some sort at 52.75 and needs to get over 56 and stick now in order to have a shot at getting to or through 60 area again

26 Feb 2018 10:41 am
another pullback should be small and bid up, as it's the first decent move and came from the low of the range broken out above this morning at 54.75-52.75.

26 Feb 2018 10:47 am
still needs to get over 60-60.50 area and stick or else a pullback could test or break the low if 56-55 area does not hold

26 Feb 2018 10:50 am
poll but held that 56.75 but it's under pressure still as long as it's under 60-60.50 area

26 Feb 2018 10:56 am
pullback being bought at 55.50 and another push lower should go through that area and back towards the low or lower and if it is broken then 49.50 area target

26 Feb 2018 11:03 am
a good run up again from 54.50, and again 54.75-52.75 area mostly the top of the prior range. That should be a higher low that sticks, otherwise some trouble underway

26 Feb 2018 11:07 am
most hold and bounce from 58.50-57.50 area at worst now, or else another bounce that follows should be sold also. Should hold over that area, actually should hold 60 now

26 Feb 2018 11:11 am
getting over 63 and holding after a small pullback at or above 61 needed otherwise could roll over for a pullback again instead of trying for a little bit higher but likely not a new high

26 Feb 2018 11:14 am
spiked down to 61.50 but still stalling out at 63 and needs to get over that or else pullback has a shot at going under 60.50 area which could become pivotal

26 Feb 2018 11:18 am
after stalling at 63 a quick drop to 61.25 turned right back up and now unless 61 is taken out uptrend intact

26 Feb 2018 11:29 am
so far just a small pullback off of the bounce high, and should make another move up to or through 65 to the 66-67 area and would need to keep going, a turn down could set up a double top and a pullback

26 Feb 2018 11:35 am
beginning to back away from the high area again and going under 63 should mean the next pop up get sold into and especially if 62 is taken out

26 Feb 2018 11:38 am
could be a bounce but also is bearish and should fail to clear 64, and hold very long if it is. Heading down to or through 60.50 area if this holds under 63-64

26 Feb 2018 11:46 am
this needs to keep going up through 65 and not turn right back down again or else a double/triple top could be in place

26 Feb 2018 11:49 am
if the ES is going to make its top up here today then this bounce high at 64.25 should not be broken and able to hold afterwards

26 Feb 2018 11:51 am
should come down and break 60.50-60 and then hold under 62-63 area afterwards to flop the trend over and began coming back to 66-65 or more

26 Feb 2018 11:57 am
still should go under 61.50 and hold under 64.25 after to get this heading down, and if the NQ also takes out 6955 and not bounce back then both break ranges, and instead of a run up to new highs being possible, pullback could happen instead

26 Feb 2018 12:05 pm
still in this range but could get through the top of it if 66 is reached and not turn right back down from that area and come down through 62-61.50 bottom of sideways range.

26 Feb 2018 12:07 pm
probably should keep going through 66 and then only a small pullback if going to keep going up through the high and stay above the 62-61.50 key support area now

26 Feb 2018 12:09 pm
67.25 high of the day needs taken out with some gusto or double top in decent pullback possible before another run up if 64 area not held and keeps going to slice through 62

26 Feb 2018 12:14 pm
so far 68.75 reached and should be small pullback and must hold no lower than 65- 64.50 or else could be a hi in place for a while

26 Feb 2018 12:20 pm
if this is going to keep on pushing higher to a new high than 66 area needs to keep holding or else a chance it could go back down to or through 64.50 in which case could be a high in place and a chance of breaking 61 new support area

26 Feb 2018 12:25 pm
could be a small pullback. And needs to continue holding 66 otherwise could be topping out. I will be back again around 1:15 or thereabouts

26 Feb 2018 12:35 pm
didn't want to get over 70 and about equal to the the fastest pullback so far today while in an uptrend, should mean a top in place polar opposite of the low

26 Feb 2018 12:51 pm
well, that pullback stopped at the 65.50 prior bounce high area and turned up in another higher high made and this will continue unless that 65.50 area is taken out

26 Feb 2018 12:53 pm
new highs probably get sold and pulled back hold at or little bit under the prior swing high

26 Feb 2018 01:09 pm
the ES so far reached and backed away from the 73-74 last of the listed resistance zones for today.2 keep holding around 70-69 area if it's going to be taken out soon

26 Feb 2018 01:17 pm
pullback from the 73 high at resistance should hold at the 68.75 level at worst, equal to the last 2 pullbacks which were both 4.25 points in this uptrend – going to or below 68.50 and that turning right back up could mean that a high is in place f

26 Feb 2018 01:43 pm
that ES is trading just under the 73-74 area and last important area except for in the high 80s until poking back over 2800, and should be important area to break and be strong enough to hold above. A failure to do that, or break 68.50 level, should

26 Feb 2018 01:44 pm
can sell this with tight stop just over the high of the move

26 Feb 2018 01:46 pm
as it will need to get through there soon, or begin breaking down a bit at least

26 Feb 2018 01:59 pm
pullback turned up at 71.25 and still holding over 70.50 and especially 68.50 to keep this from a breakdown and still in a trend up mode with this being a sideways then higher move. However, if this cannot get over 74 and comes down through 70.50 the

26 Feb 2018 02:01 pm
should be coming right back down if a top and break 70 to at least to start with, or else a shot at token higher high first

26 Feb 2018 02:14 pm
76.50 would be a place to look for a turn but it may have started already, then lasts a pullback holds 74 and keeps going up. If it doesn't back away from 76.50 then 78 possible before a dip at least, still trend up mode though

26 Feb 2018 02:16 pm
pullback >4.25 points off of a top could mean a reversal of some sort possible, currently would be breaking 71 area. Some sort of pullback coming anyhow

26 Feb 2018 02:18 pm
to keep in a very strong uptrend then should hold 73.75 if the pullback low is going to hold around the previous swing high pond dip afterwards as it has done a couple times already

26 Feb 2018 02:20 pm
almost up to 76.50 and shouldn't go much further before another pullback and test or hold above 74 on this move and likely make yet another push higher.

26 Feb 2018 02:25 pm
should go back to or below 74.75-74 area now, otherwise a chance to keep going towards 71.50-70.50 which would be a major area now

26 Feb 2018 02:27 pm
should be sellers into another pop-up now even if it stays a trend up move, but the timeframe for a reversal and a top for a while down to 71.50-70.50 where must hold to avoid bigger breakdown

26 Feb 2018 02:39 pm
after topping the ES came down 3.50 points in a hurry and snap back, but there is a break of 71 this pattern of higher highs and higher lows will continue as will the basically trend up move. So could come down one more time, but must not sliced thro

26 Feb 2018 02:43 pm
will need to be a good bounce with enough gusto to that extent other new high, otherwise breaking down a bit and with the reversals starting around 2:25 PM it could be a top for a while

26 Feb 2018 02:45 pm
with this having gone parabolic it could begin to come down pretty fast

26 Feb 2018 02:48 pm
71 low was made and that will need to be broken through and then only a feeble bounce after that if this is going to have a decent reversal and not another 4.25 point pullback and bounce again which should be broken the way this is act

26 Feb 2018 02:55 pm
good bounce from 69.50 but should have a hard time taking out the 74-75 area and holding – should come back down a bit and go back up from 73-72 if it does hold back there

26 Feb 2018 02:58 pm
pullback from 74 held at 72 and should get another run up takeout 74-75 on this move but probably not to a higher high without being sold into around that area or under

26 Feb 2018 03:04 pm
needs to get back over the 74 resistance and stick, or back under 72 area and stick. Upside could be to a slightly higher high and be sold if there is

26 Feb 2018 03:10 pm
market is beginning to get frothy and not much that's going to stop this today, another pullback should be one that can hold around 75-74 at the worst and go up again

26 Feb 2018 03:14 pm
a new high at the 78.50 resistance given earlier and 82 the next.about all there is to this pullback at the moment and should keep on going higher as long as 74-73 is not taken out again

26 Feb 2018 03:18 pm
needs to make a run up from over 75 it looks in order to be strong and have a shot at another higher high soon and not come back down to or through 74 area

26 Feb 2018 03:23 pm
pullback held at 75.75 and to a higher high again that was sold again at 79.50, and another pullback should hold over 75.50 in order to avoid a pullback of some sort. Could keep going up until around 3:40 3:55 timeframe

26 Feb 2018 03:34 pm
this has been a trend up move since reversing up from around the high area from last week and a 123 bottom of sorts from 52.75/54.50 at 11 AM. This move should keep going higher as long as a pullback does not come back down and break through and hold

26 Feb 2018 03:35 pm
have a great rest of your day. I will meet you here in the morning after you have gone to the nightly update. Take care! – Beware of pullback attempt up here

 

INTRADAY LOG FOR FRIDAY - FEBRUARY 23, 2018

HOW OUR TRADING DAY WENT: There was a 10 point move from the 2722-2723 resistance to the 2212.50 pivotal area where it stalled before turning up and having a trend up move on Friday. CLICK HERE for a quick video recap!

INTRADAY LOG FOR THURSDAY - FEBRUARY 22, 2018

HOW OUR TRADING DAY WENT: The ES rallied 37.50 points from Thursday's low up to the 2731 resistance at noon, and like Thursday reverse again and dropped 34.50 points before bottoming just under our target to cover all shorts. CLICK HERE for a quick video recap of Thursdays action!

22 Feb 2018 09:09 am
Good morning. early run up has to at least get over 12.50 and stick or else another pullback coming on a move back under 10 which would break current uptrend lines on 1 minute chart

22 Feb 2018 09:21 am
the ES went down to around the 82.50-81.50 support area and rallied back about 30 points so if it's reached today, which I doubt, would be a "must hold" area or drop another 10 points or more

22 Feb 2018 09:25 am
there is a chance it could go over 12.50 resistance to 14-15, then needs to hold around 11.50 if a dip and turn up after that

22 Feb 2018 09:25 am
update after the open and then meet you online around 10:20 or a little after

22 Feb 2018 09:31 am
need to take out 10 and not turn right back up

22 Feb 2018 09:34 am
to little tails at the low with buyers at 10, as soon as upside stalls there should be another pullback but my get to 18 area first. Should not take out 22-23 and hold or else low in place for a while

22 Feb 2018 09:36 am
taking out 17.50 area and not turning right back up could be the start of a pullback

22 Feb 2018 09:39 am
first pullback turned up from 16.25 and now will need to avoid going under that area by on the that it holds as new resistance or else a chance of testing rejecting 23-22

22 Feb 2018 09:41 am
22.50 reached so far but no damage done unless 18 area broken and not turn right back up

22 Feb 2018 09:42 am
this initial run-up should be over in the first 30 minutes and could be right up in this area. 23 high so far and needs to get over that and be able to stick borates bearish in a top

22 Feb 2018 09:42 am
I will meet you online around 10:20. Must bounce from 18 or higher or some damage done

22 Feb 2018 09:50 am
good bounce from 12 area but 18 would need cleared and held if there is one or top at resistance it for the day

22 Feb 2018 09:53 am
2708 needs to hold in order to keep this from breaking down bigger. It is a major area at the moment. same was getting back over 16 and holding on the upside. That's all, see you online and just a bit

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

22 Feb 2018 12:01 pm
that ES has been nudging higher after turning up from 2707.75 at 9:55 so far stopping just below the 31-32 resistance, so far but will get better as long as 28-27 continues holding

22 Feb 2018 12:04 pm
a failure at the 30-31 area and reversal back down under 28 would be needed to turn the trend at least for a little bit before another bounce attempt. Good start decent pullback if 23 not held now

22 Feb 2018 12:10 pm
pullback reached 26.50 so far but quickly turned up so it this bounce attempt does not get back to the high or higher and down through 26.50 then a top could be in for a while.

22 Feb 2018 12:14 pm
a feeble bounce attempt and could be headed back to test for break 22 area if this keeps going down under 26 without turning right back up

22 Feb 2018 12:15 pm
or if it holds under 29.50 feeble bounce high, saying under the 30 area and keeping some pressure on

22 Feb 2018 12:23 pm
a failure to clear the 30-31 area and downturn that goes down through 28 area in order to get a reversal of this uptrend, which has had 3 other pullback of about that size already, and last 5-10 minutes. If that's going to happen then it should be fr

22 Feb 2018 12:25 pm
otherwise the choppy uptrend can continue on a push to new highs which would be getting over resistance area

22 Feb 2018 12:26 pm
FYI token higher highs have been sold today so watch for a top just above 31 to be sold

22 Feb 2018 12:26 pm
whatever the case that ES needs to keep going on up through 31 area otherwise topping out up here for a while at least

22 Feb 2018 12:27 pm
and should have a secondary high in place going back under 28 area and then 26.50 especially

22 Feb 2018 12:28 pm
I will be away until about 1:20, but without update when possible if necessary. There is a chance I may not be able to, but I'll do my best. Consider that a top, and stay with a short position for a decent sized

22 Feb 2018 12:29 pm
decent sized pullback/sell off back down to at least the 32-31 area if it cannot hold around 24.50

22 Feb 2018 12:38 pm
so far came back down to the 32.25 target/new support/potential breakdown area and bouncing with some resistance around 26-27 area

22 Feb 2018 12:54 pm
breaking down further with break under and then hold under 21 and heading back to test or break the 12.5-12 area if the feeble bounces not taking out 23-24 area and then holding 21 after that

22 Feb 2018 01:13 pm
that ES made it to 23 and then filled twice at the 22 area as it is breaking down again to the 12.50-12 area and breaking through that goes towards 28th 08

22 Feb 2018 01:17 pm
the ES just dropped about 10 points and about 6 minutes and a bounce should be able and have trouble getting over 18-19 now on a bounce attempt at going to continue holding under 22-23

22 Feb 2018 01:25 pm
pressure is still on for a bigger selloff to test or break the 2708 area which is also around today's early low and reverse this move could happen if unable to hold 11.50 area and then stays at or under 12.50 after that to keep going to/through 2708.

22 Feb 2018 01:29 pm
all of the important turns are coming from resistance or prior resistance/new support and to continue should hold under 23 at most on another bounce and if 11.50 bottom of 12.50-11.50 zone broken, 2706-05 area could be seen

22 Feb 2018 01:29 pm
I need to take a short break at least. Back in 10 minutes or so

22 Feb 2018 01:34 pm
okay another bounce to a dynamic resistance gets sold and about two take out the support which would mean having to or through 2708 and probably 2705 at a minimum on this leg down. Could end up going back under 2700 easily if this continues so stay s

22 Feb 2018 01:54 pm
will need to hold that 2706-2705 prior resistance/new key support area and take out 11.50-12.50 with gusto, otherwise a chance of testing/breaking 2706-2705 on another pullback – but looks like a low at the moment.

22 Feb 2018 02:06 pm
12.50 taken out and then 11.75 held on a dip making a transition attempt back to the upside so needs to hold oh 12.50-12 area or else continue pulling back towards 2706-2705 again

22 Feb 2018 02:11 pm
another breakdown taking out 12, and even another bounce should fail if there is one. It's sell but bounces kind of market ever since coming off of the 31 resistance and stays that way for now

22 Feb 2018 02:18 pm
getting another bounce from the 11.25 level this time and i a lower bounce high and turned down again under 16 area then could come back down to this 11.25 low and if broken back towards 2706-2705 low that new support

22 Feb 2018 02:20 pm
quick drop held at 12.50, and unless that is taken out on another pullback soon then this might have a shot at going for the 16.50-17.15 area maybe more if not a failure near the high

22 Feb 2018 02:22 pm
filled bounce at lower high at 15.00, and market under pressure unless broken above and able to stick and attempt 22 area again which looks doubtful right now

22 Feb 2018 02:25 pm
bouncing from the bottom of the 12.50-11.50 area and unless broken market avoids a breakdown to test or break the low at new major support for today

22 Feb 2018 02:27 pm
right now in a range between 11.15 area and 16 area and a breakout either way needed in order to have a chance to go towards next zone higher or lower

22 Feb 2018 02:33 pm
should hold over 13-12.50 area if a pullback comes down to breakout area, otherwise bounces might stop being able to stick. Has to get over 19 without turning down is going up to 22 area again

22 Feb 2018 02:36 pm
failed bounce attempt should come down to around the 16.50-15.50 area and would need to turned up from around that area if uptrend going to stay tintact

22 Feb 2018 02:39 pm
acting like it could go down right through the 16-15.50 area and set up bouncing and if so and not a upturn from that area than back to or through 12 area again

22 Feb 2018 02:46 pm
so far has reached 12.50 and if it keeps going down through 11 then the door is open to test 2706-2705 again and maybe go to a lower low around yesterday's close if the downside gets momentum

22 Feb 2018 02:50 pm
attempting to turn from 11.75 but no gusto yet and needs to take outat least the 13.50-14.50 area and stick or else still under pressure for a move back towards the low

22 Feb 2018 02:56 pm
still having towards 2706-2705 or lower down to or through the 2698.50 area and possibly 90-88.50 if a bigger breakdown

22 Feb 2018 03:02 pm
new low at 2702.50 reversing at 3 PM, however this bounce should also fail in the ES come back down and take out 2700 still can have been if a bounce holds under 2709-2710

22 Feb 2018 03:08 pm
2700 area tested but not broken yet and still could be a move back down to around the 2698.50 area if this bounces feeble and turns down from 2706 area

22 Feb 2018 03:15 pm
based out at 2700.50 and needs to make a good run up and get above at least 2706.50 area and only have a small pullback after that in order to have a bottom in place for a while at least – unless instantly rejected

22 Feb 2018 03:21 pm
could still work its way up to around the 11.50-12.50 area or more if it can keep going holding over 2706-2705, or oversold bounce and pulled back under way most likely

22 Feb 2018 03:30 pm
to the 11 level was rejected and keeps the market under pressure and could go back down to test or break the lows in the last 30 minutes if that 11.50-12.50 area is not taken out

22 Feb 2018 03:36 pm
have a great rest of your day! selling bounces is still the way to go with this market. if another push lower, look for 2698 area. Catch you in the morning!

 

INTRADAY LOG FOR WEDNESDAY - FEBRUARY 21, 2018

21 Feb 2018 09:12 am
Good morning. this move needs to keep going up through 22-23 or else will be coming back down in the early going here

21 Feb 2018 09:21 am
ES will need to hold the 12 area at worse it looks to avoid 2709 initial support or more. 31 point drop from noon until 3:40 PM yesterday. I'll update after the open and then meet online around 10:20-10:25 roughly

21 Feb 2018 09:24 am
they seem to like to buy them right away lately and would be surprised to see the same today

21 Feb 2018 09:30 am
selling instead today on the open and needs to go through 18 without turning right back up

21 Feb 2018 09:31 am
will need to hold under 20 area and is broken then 23 needs taken out and hold 22 and turns up after that

21 Feb 2018 09:34 am
shakeout and run up and went above 23 and will need to hold around 22-21 and turned back up with gusto or else will end up with an early top and pullback of some sort

21 Feb 2018 09:37 am
ran up through resistance and should not come back down through 22 area now or else reversing and a bounce follows should fail. If a pullback gets turned back up from 23-22 with some gusto then pushing higher to test the high or more could occur

21 Feb 2018 09:53 am
32 33 sold against

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21 Feb 2018 12:01 pm
the ES made a nice run up to the 37-38 resistance, and that could be a top if this keeps going and breaks the 29 area and take out the stairstep higher pattern. Should get there is a hold under 34.50 area on a bounce

21 Feb 2018 12:04 pm
with the 37-38 being a potential major bounce high, and a high going into the Fed minutes at a minimum, shorts could be taken on a bounce for and entry for a swing trade on the short side

21 Feb 2018 12:05 pm
this is working out similar to 1987 still, and lots of room to go back and test the panic low

21 Feb 2018 12:07 pm
in any case, being short a good idea as this should keep on going back towards the 24 prior low and if that does not hold then could go under the 22 zone which was prior key resistance to start the day

21 Feb 2018 12:15 pm
higher highs and higher lows broken with the ES dropping 9 points from its high to 28.25 minor area before the 24-22 area. Bounce failed and needs to take out 28 and keep on going to or through 23-22 if that happens

21 Feb 2018 12:18 pm
as long as bounces are only about 3-4 points and then turned down and makes a lower pullback low, downtrend intact

21 Feb 2018 12:20 pm
could be a bounce high in place on this move and combat back down to or through 28 area if it gets turned down and with momentum

21 Feb 2018 12:22 pm
I am going to be a way until around 1:15 but will update if possible ASAP if necessary. However I could be tied up most of the time so I'll do my best

21 Feb 2018 12:23 pm
with that been a bounce high as stated down should keep going through 28 on the way down to test or break 24-22 area

21 Feb 2018 12:24 pm
a high was made at noon yesterday and at 11:35 today and then a big pullback began, today may not go 31 points but a good ways from the top at 37-38 resistance

21 Feb 2018 12:56 pm
a bounce from 26.50 just went back up through the 32-33 area and needs to hold 32-31 and get turned back up in order to keep going on up towards the high at resistance

21 Feb 2018 01:22 pm
should continue being bought going into the 2 PM release of the Fed minutes the way this is acting and as long as a pullback doesn't take out 31.50 without bouncing right back up again. If 31.50 is reached, and only a feeble bounce after,then another

21 Feb 2018 01:27 pm
pullback and needs to bounce from 31.50 or else highs are in and it looks that way anyway and should pullback to around 30 if 31.50 broken or else bigger pullback underway

21 Feb 2018 01:30 pm
with the Dow and the ES trading just under their 11:45 AM tops and turns (at resistance on the ES) and the NQ strong yet again today, could make it up to the 37-38 resistance again before Fed minutes

21 Feb 2018 01:35 pm
trouble top in this trading range between 34.50 and 31.50, needs to go under 31.50-31 without turning right back up otherwise buyers still in control

21 Feb 2018 01:39 pm
still needs to get above 34.50 or below 31.50 area to break this range for a bit

21 Feb 2018 01:43 pm
any kind of bounce should be sold now and a swing trade not a bad idea up around these areas. Could put on 1/2 of a position and will look to enter the rest depending on what happens

21 Feb 2018 01:48 pm
quick reversal back up, but still needs to get over 34.58 on this move which it should and then hold after just a small pullback and keep going up to the 37-38 area. 43-44 if broken

21 Feb 2018 01:51 pm
this pullback should hold at or above 32 and get turned back up, or at least hold over that area, for a chance of getting above 34.50 area and a shot at 37-38 for more

21 Feb 2018 01:54 pm
not sticking so far just in front of the Fed minutes at the top of the hour, going under 33 could put some pressure on. Unless broken there could be one more push higher but likely not stick if there is one

21 Feb 2018 02:00 pm
good bounce to sell into and now needs to stay under the 37-38 area and break down under 30-or lower

21 Feb 2018 02:03 pm
spiked up to 43.50 resistance, and a stop at 44 as that resistance is a major area and if cleared/held then breakout towards 53-54. covering and reassess on pullback to 35-34 area for better

21 Feb 2018 02:05 pm
a run up to test the 43.50-44.50 area needs to keep going through, as another failure could lead to hold back that comes under 35.75 pullback low.

21 Feb 2018 02:10 pm
that ES taking out 43-44 area reaching 46.75 so far, it needs to hold and turned back up from around the 41 area or else bigger pullback to or through 38.50 and potential reversal all the way to 34-33 but would need to make another push higher, go pa

21 Feb 2018 02:12 pm
a test of the high area should be sold

21 Feb 2018 02:13 pm
and is happening a little bit but needs to keep dropping under 43 and then stay under that area if this is going to have a decent pullback to the 38 area or more before bouncing

21 Feb 2018 02:17 pm
the tiny double top made at 46.75-46.50 should be hard to get through, and then hold, but instead set up for a pullback to occur close to that high and then would need to come down and take out 41

21 Feb 2018 02:23 pm
4 tops now that 46.75, 46.50, 45.50 and 45.75 and unless taken out and able to hold at the end of the day there probably needs to be a pullback that gets turned up from 40.50 area or higher now

21 Feb 2018 02:24 pm
a fifth time up there has a better chance of breaking through the high

21 Feb 2018 02:28 pm
all of these pop-ups are being sold also and then bid back up after pulling back to around a support area, so expect another run up to get sold into if there is another one and not know down to test or possibly break 42-40.50 key support on a pullbac

21 Feb 2018 02:31 pm
40.75 reached and should have a top in place that should not be broken now unless a buying frenzy somehow starts and could come back down to or through 37-30 6F downside it's a bit more momentum breaking under 40.50 area

21 Feb 2018 02:36 pm
32 point drop from noon until around 3:30 yesterday, and 42 point bounce back to today's top. Now should start some kind of pullback if test of 38.50 goes much further down through 37-36 – important area to hold and not go back under and hold or el

21 Feb 2018 02:37 pm
update in 10 minutes or so if necessary. Right now expect any kind of bounce to fail as it should come down farther

21 Feb 2018 02:51 pm
bounces should fail for the rest of the afternoon as a top of importance should be in place and taking out the 30 area next

21 Feb 2018 02:55 pm
bouncing from 28.75, 19 point drop so far and if this bounce fails to get back above 32-33 and can hold above that area that another push lower comes next,

21 Feb 2018 02:57 pm
has to hold the 28.78 pullback low area and get above 33 and then hold 32 after that in order to get upside going again for a potential last hour bounce, instead of reversal from that area

21 Feb 2018 02:58 pm
it is the 37-38 area to get back above and then hold 37 area afterwards or else a failure from 37-38

21 Feb 2018 02:59 pm
is possible. Especially coming back down through the 28.75 pullback low without turning right back up again. Should be starting

21 Feb 2018 03:02 pm
broke down through 28.75 prior swing low from the 36.50 bounce five and can keep going to or through the 22-21 area where it must bounce or else have a reversal day

21 Feb 2018 03:05 pm
24 level reached and that held around 10 AM on a pullback and should be broken through and keep going down towards the 16 area in order to have a complete reversal from the opening low area

21 Feb 2018 03:08 pm
23-22 seller reached and Bill headed to the 16 area in order to have a complete reversal and could keep going down towards the 12 area if this keeps going like this

21 Feb 2018 03:10 pm
still think this is top,even though stopped out of official recommendation but it's still playing out the way it was supposed to I suppose. Still will be short look for major breakdown

21 Feb 2018 03:12 pm
16 taken out and now has a chance to bounce back a little bit from the 14.25 low, but as to at least break above 22-23 and be able to hold in order to avoid another leg down at the moment

21 Feb 2018 03:19 pm
so far bounced and rejected 22.50 resistance, and needs to get over 23 and hold 22 afterwards if going to get a run up instead of going back to or through the low just under 15 so far

21 Feb 2018 03:22 pm
so far came down and made a slightly higher low at 16.50 so now a break under 15.50-14.75 that is not quickly turned back up needed for further breakdown instead of a bounce attempt that likely fails

21 Feb 2018 03:25 pm
these bounces are not going to stick and should be sold into as this is going to end up ugly in a reversal day

21 Feb 2018 03:27 pm
well with another pullback folding and turning up from 15 this time, another bounce that fails and come back down would need to go through 15-14.50 and then not get turned right back up. A move over 23 that holds over 22 on a dip needed to avoid anot

21 Feb 2018 03:31 pm
pullback held at 22.25 and turned up so now after 33.50 point drop this should not go past 29-30 area in order to stay under pressure to test or break through the lows today or tomorrow

21 Feb 2018 03:33 pm
have a great rest of the day. Update in the evening and then I'll meet you here tomorrow with a comment before the open. Take care! And bounces should still fail

 


 

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