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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 TUESDAY - JULY 17,2018

17 Jul 2018 09:07 am
good morning. after yesterday's narrow range day, one of only 3 single-digit ranges since January, going to get a gap down open. hasn't been 2 consecutive down closes in 3-4 weeks and should break that streak today

17 Jul 2018 09:09 am
if you still have a partial short position on as noted yesterday, with going online at 9:30 AM just look to take profits on the lower open.

17 Jul 2018 09:11 am
if you are with us in the live session I will manage that part of the swing trade until leaving work covering. Next update here will be after the live session is over. Good luck

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17 Jul 2018 11:47 am
the ES has been in a trend up move with only a 2.50 and 2.75 point pullback from the high all the way up so far and as long as the ES holds on another small pullback of 2-3 points maximum holds and turns up this could last into the close

17 Jul 2018 11:55 am
2808.50 is one measured move for resistance and then if broken through and pullback <3 points after that turns up, there is a longshot chance of seeing 12.50-14.00 area today

17 Jul 2018 12:02 pm
backing away of that 2808.50 reversal area,should not go back under 2806 prior high area now or else could begin a topping pattern of some sort or a friend reversal especially going back to or through 2003.50-2802.50

17 Jul 2018 12:12 pm
pullback holding 2 points from its high and turning up and will need to continue holding 2806-2805.50 or else a topping pattern could be starting

17 Jul 2018 12:16 pm
we already had the VIX drop down to 12.03 and turn around 11:20 AM and should not under that level today or else reversing will give lots of VIX sell signals. However, right now uptrend intact as long as 2806.50 continues holding and on the way to s

17 Jul 2018 12:18 pm
possibly on the way to 12.50-14.00 or more before this move gets reversed or at least a decent pullback

17 Jul 2018 12:24 pm
12.50-14 area being reached and could also be broken through as long as the ES holds 11-10 and turns up or just holds over that area

17 Jul 2018 12:34 pm
the ES stall out and now backing away from the 12.50-14 area and needs a bounce from 2810 otherwise a bigger pullback than normal is underway and 2808 and then 2806 car the keys support to hold

17 Jul 2018 12:39 pm
I need to be away until at least 1:15 but will update if necessary and I am free however I will be tied up on a phone call for a while. With this top at a major resistance for this so far, versus strong uptrend and momentum, needs to take out 10 at l

17 Jul 2018 01:15 pm
another 2.50 point pullback was bought at 10.25 and the ES keeps its trend up move going and now will need to keep holding over the 12 area in order to keep this strong uptrend from a potential topping pattern. The move could last into the last 90 mi

17 Jul 2018 01:17 pm
14 top of resistance zone has turned this back, and should only be temporary as long as the 12 area is not broken below and then held under 12.50-13 and turned down if reached after that

17 Jul 2018 01:25 pm
after an nearly uninterrupted move up to 2814 the move stalled out there about 4 minutes and just came down to 2811, and quickly for the first time today. A high could be in place and if not then one more pop-up will be sold into

17 Jul 2018 01:30 pm
the VIX already went down to 11.95 and turned up and then pullback to 12.05 at the top and has a reversal, so if 14 is tested it probably will stay over 12 area now, unless some sort of blowoff top of around 2818 or possibly 2822 area

17 Jul 2018 01:30 pm
– kind of doubtful right now, especially breaking 10 and holding at/under 12 area on a bounce after and down again

17 Jul 2018 01:35 pm
3.50 point pullback is the biggest all day, and a chance of making a top up here also holding under 14 resistance and turning down again. Just now began to back off after a pop-up failed and should happen if another pop-up occurs

17 Jul 2018 01:42 pm
looks like a failure to hold 10.50-10 that the ES could then go to around the 2808 area which is just 1/4 of the way 2814 resistance back to 2790.75 low on open

17 Jul 2018 01:46 pm
if this has trouble getting over 14 and hold back again, it still should be bought and then take out 14 on another push higher if this is going to stay and trend up mode into the very late day trading. Just look for pullbacks to buy in less there is

17 Jul 2018 01:57 pm
could have made a double top with the ES being rejected 1 tick over the 14 level and top of the 12.50-14.00 area and must hold the 10.50-10 area or else keep going to war through 2808 at a minimum

17 Jul 2018 02:03 pm
with double top in place and testing 10.50-10 for a possible break to Lord through 2808 and a bounce should fail. 20 2806 now major area to hold over

17 Jul 2018 02:06 pm
holding under 11.50-12 area and now keeps pressure on, and needs broken above and held in order to avoid breakdown of some sort

17 Jul 2018 02:10 pm
2810 holding so far and if broken look for 2808 and possibly test or break 2806 area which should be an important area to hold, but needs to go over 12.50 area and not turn right back down, otherwise possible to drop towards 2802.50, also a 50% retra

17 Jul 2018 02:18 pm
so far the ES had a bounce high at 11.75 and just barely holding the 2810 level at the moment but will be broken unless 2812 broken above and held soon

17 Jul 2018 02:21 pm
at the moment as long as the ES can hold the 2810 level then it has another chance for a run-up that could test or break the high, although may not be able to stick if it does

17 Jul 2018 02:23 pm
a move over 12 that holds can get this on a move back up towards the high area

17 Jul 2018 02:31 pm
there is just over 90 minutes left until the 4 PM close were stocks, and with this being a trend up day with a double top at 14.00-14.25 top of resistance and 10.25-10.00 as a triple bottom after noon, and should keep getting bid back up from 10.00 o

17 Jul 2018 02:37 pm
if this tests the high it's likely that the VIX will drop under 12 again – – and it hasn't closed under today's 11.95 (or even been under 11.63 low from yesterday, except for the for the January parabolic run-up

17 Jul 2018 02:40 pm
should be a high in place on that bounce, but if not, with the VIX just going to 12.00, it will easily go to or through 11.95 if the ES makes a new high, and stretched to where it starts keeping the market down

17 Jul 2018 02:41 pm
in any case, the ES will avoid any late day trouble as long as 2810 holds

17 Jul 2018 02:43 pm
as long as 2810 area holds this has a chance to rally until the last 15 minutes or so, if the pattern plays out like most trend days

17 Jul 2018 02:47 pm
right now it looks like 2811 should hold

17 Jul 2018 02:50 pm
any fear of even a decent pullback evaporating as the VIX makes a new low at 11.94 and closing under 12 would mean a big red flag

17 Jul 2018 02:51 pm
could coincide with a bounce high as this has filled twice at the 13 area and holding just below 14 resistance

17 Jul 2018 02:55 pm
the middle of the 12.50-14 resistance is holding this down, however yet another test of 2810.25 was turned up. If there happens to be another higher high instead of a failure, it should be sold also

17 Jul 2018 03:06 pm
the ES poked down to 2809.50 and if there is another pullback from under 2813 it should hold at or above 2808.50 or else could come back to test or break important support around 2807-2806 area now

17 Jul 2018 03:19 pm
needs to have a pullback hold around 12.50 area or higher for a chance of going to move up through the 14.00-14.25 area

17 Jul 2018 03:20 pm
with the pullback low at 2809.50 reversing up at 3 PM, it keeps this going in a trend up kind of move that could still last until the final 15 minutes or so

17 Jul 2018 03:22 pm
should keep holding 13 if going towards the 18 area which is next resistance

17 Jul 2018 03:23 pm
and if this makes it that far then the 14.50-13.50 area should turn into an important support area to hold

17 Jul 2018 03:27 pm
in the last 35 minutes of trading today the ES should hold the 13-12 area on a pullback and turned up again if it's going to keep this move going into the very late daytrading. If there is a break of 12.50, the door is opened to test/break 10.50 and

17 Jul 2018 03:33 pm
have a good rest of your day. another lower low on the VIX and that's going to likely cause some reactions going down to the low 11.90s and especially if turns back up

17 Jul 2018 03:34 pm
update this evening and then I'll start with a quick update before we go online at 9:30 AM. Have a great rest of the day!

 

INTRADAY LOG FOR MONDAY - JULY 16, 2018

16 Jul 2018 09:12 am
good morning. This market could easily fall apart from up here however looks like it needs to go through 2800 and not turn right back up over 2802 have early pullback which has been bought

16 Jul 2018 09:16 am
if short from Friday either cover at the open and and either wait for a breakdown under 2800 or else a move up towards possibly 2808 area if reached

16 Jul 2018 09:20 am
felt there could be a gap down open the way the market was acting at around the highs on Friday. I will update a little bit after the open and then try to update less and not every 5-10 minutes unless necessary

16 Jul 2018 09:28 am
needs to go over 2806 and hold 2804.50 after that and up again to break out higher, or else take out 2800 and hold 2802 area instead of a good bounce from 2800 to have a top in place. The NQ should have a decent pullback today

16 Jul 2018 09:34 am
2801.50 need to be broken to get a decent pullback and fired be backing away around 2805-2806 or if not then run-up to or through 2808.50 area and reverse or pullback

16 Jul 2018 09:36 am
should be sold if one more pop-up as a high could be in place if 2804-2805 area held under

16 Jul 2018 09:40 am
bouncing from initial support but that will break holding under 2804 as this is bearish under that level right now for a breakdown if 2804-2805 not taken out and held

16 Jul 2018 09:41 am
a short with a stop at 2804 now

16 Jul 2018 09:44 am
2800 holding at the moment and needs to break that level and then hold under 2802 on a bounce afterwards to get a breakdown, but still needs to go through 2806 and hold 2804 on a dip or else top out

16 Jul 2018 09:47 am
should be an important top in place that bounces failing holding under 2801.50-2802.50 area now. Would need to be broken above and held after

16 Jul 2018 09:50 am
if a run-up takes out 2802.50 and hold then a chance it could make a better move higher but holding under keeps pressure on and a breakdown still under Friday's last hour low

16 Jul 2018 09:56 am
stalling at the 2802.50 and pullback it needs to pop right back up from 2799or higher, if 2702.50 broken need to keep going through 2803.50 and barely pullback to test the high

16 Jul 2018 10:01 am
stall at 2802.50 started quick drop to the 2799 updated level and quickly bounce and needs to 2802.50 and then stick now, or take out 2800 and stick on the downside

16 Jul 2018 10:07 am
unless the ES takes out 2802.50 and holds, pressure will be on and if 2800 is broken and held under 2801 then pressure even more on downside to or through 2797 first

16 Jul 2018 10:09 am
I suggested a short earlier and should stay with this and a stop at 2802.50 right now has that should not be reached if breaking down

16 Jul 2018 10:16 am
at the early low at 98.50 and should keep going to or through 97.50-97 if not a bounce from 98.50 soon, and would need to over at least 2801

16 Jul 2018 10:21 am
pressure is going to stay on holding under 2801 area now. – – Need to be a way about 10 minutes or so and will update after that.

16 Jul 2018 10:29 am
97.50-97 area was reached and broken by 1 tick and turned up, and now going back over 2800 and not turning right back down to get another move to the upside going for a little bit

16 Jul 2018 10:33 am
that's going to be an important low at 97 and the 2801.50-2802.50 area resistance that needs cleared and held in order to attempt they break out on the upside for a while or else stay in a range 5-10 minutes

16 Jul 2018 10:45 am
sold at 2801.75 and new updated resistance and unless broken/held bounces should be sold down to a through 97 area

16 Jul 2018 10:50 am
with the VIX reversing from an extreme extreme at 11.63 Friday and only time there since before the bubble top in January, and turning up today consider buying the VXX – right now the VIX up 5% and VXX lagging but will jump up if the VIX makes a ju

16 Jul 2018 10:50 am
especially with this making a lower low after a lower high and the Dow cash making a triple top and breaking its lows

16 Jul 2018 10:51 am
stays under pressure holding under 99 area now area

16 Jul 2018 10:58 am
"normal" pullbacks have been 8-12 points and so far about 9 point pullback from the high post today, should go another 3 points or more under the low and could be quite a few more if only feeble bounces keep failing

16 Jul 2018 11:00 am
stop is now at the 2802 level as the last swing high should not be reached now. That number will come down after reaching 93-92 target/support for shorts and probably a low above

16 Jul 2018 11:01 am
before another failed bounce and then break through. Just now bouncing from 95 needs to get back over 97-98 and stay up there over 97 hold

16 Jul 2018 11:06 am
suggest keeping an eye on the Dow cash along with the tick extremes on the upside (so far, until one does not coincide with bounce high) to help with turns on ES. Right now can be a low in for a bit if 97 taken out and held without a tick extreme on

16 Jul 2018 11:18 am
99.75 is the middle of today's range, and holding at or under 2799.50-2800 area keeps this just a bounce and chance for a move towards the low better than up to the high

16 Jul 2018 11:23 am
there was a tick extreme 5 minutes ago and causing this stall just under the middle of today's range, and needs a move over 2799.50-2800 or else could go back down towards the low area if 98 broken below and then hold under 99 area

16 Jul 2018 11:30 am
99.50 bounce high so far and need to take out 2799.50-2800 and stick next, or fail and go under 98 and then hold under 99 or else could keep grinding higher here

16 Jul 2018 11:33 am
should break down through 98 within the next 2-4 minutes maximum if it's going to and not make a move over 2799.50-2800 instead

16 Jul 2018 11:36 am
still holding under the 99.50 updated resistance and midpoint of today's day session range and as typing just reached 98 and needs to hold under 99.00-99.50 to keep some pressure on although they break/hold under 98 needed to get downside going

16 Jul 2018 11:45 am
2800 rejected and that's as far as this bout should go if it's going to stay under pressure and vulnerable for a break down to or through 98-97 and if broken then holds under 99 area at most and turned down again.

16 Jul 2018 11:51 am
pullback reached 97 and should hold under 98.50 area at most now if it's going to head back down through 97 and hold under 98 area after

16 Jul 2018 12:01 pm
with the ES holding under 99 area now it can go back to or through the 95 low area and possibly test or break through the 93-92 area before this is over today or tomorrow in could be quite a bit lower

16 Jul 2018 12:06 pm
97 support is key area now that needs to keep holding to keep the market from bigger pullback

16 Jul 2018 12:09 pm
also still keep an eye on the Dow cash as it will need to break 25,008-25,003 area along with the 97 area on the ES and then a bounce holding under 98 area after that in order to have further breakdown to or through 95 low

16 Jul 2018 12:18 pm
another push under 97 needed or else not going down to test or break the 95 low of the day. Will need to fail again at or under 99 or else another dip will be bought and run up again from 97.50 or above

16 Jul 2018 12:20 pm
I am going to need to be away until around 1:15, but will update if necessary and not stuck on a phone call. Right now it looks like a low and a high are in place for a while as long as 97 holds

16 Jul 2018 12:24 pm
the ES starting a good run up here and currently positive at 2801 and keep your eye on the Dow cash still as going over 25,044-25,051 area is a triple top just above to break through if ES is going to go back up towards its high area or just below

16 Jul 2018 12:28 pm
this could turn out to be a bounce high of some sort but stop was at 2802.25 at the highest and was just touched, and with the doubt cash at its resistance the ES either breaks out higher towards its high of the day or stalls and rolls over from this

16 Jul 2018 12:28 pm
2802.50 needs reached at a minimum to avoid polling back to work through 2800 area again

16 Jul 2018 12:31 pm
okay, break time. Needs to have just a small pullback and go up through 2802.50 without turning right back down along with the Dow cash taking out 25,051 and not being rejected again. Next update in about 45 minutes, key area and could reverse here

16 Jul 2018 01:01 pm
with the ES pulling back with the ES pulling back to the 2500.50 level and turning back up, that is keeping this bullish at the moment and would need to come back under 2800 now in order to change direction and leave a high in place.

16 Jul 2018 01:05 pm
Going over 2802.50/holding area with the Dow cash going over 25,048-25,052 area and sticking needed to get outside going with some gusto towards the high of the day instead of of possible top if not broken

16 Jul 2018 01:18 pm
as long as the ES continues to hold 2800.50-2800 area and not go back under and hold under that level it will be okay but still needs to get over 2802.50 or odds are going to be better for a move back on the downside

16 Jul 2018 01:21 pm
I still need another 10 minutes or so, and will update after that if needed. It's been slow since 11 AM after a choppy two-sided move down to 95 reversed with the exception of a couple of fast strong moves higher. With pop and reversal over/under 280

16 Jul 2018 01:26 pm
moving back under 2800.50 and then staying under 2801.50 after that should put this top in place for a while and head to or through 98.75 area

16 Jul 2018 01:44 pm
2800 holding and unless the ES takes out 2800 and stays under 2800, the ES will avoid any kind of breakdown today and stay in a two-sided market with a chance at a test or break of the spike high at 2803.25. However, that upside should be hard to hol

16 Jul 2018 01:47 pm
keep an eye on the Tao cash still as it has a double top at 25,051 and 25,049 which coincided with the quick pop and reverse over 2802.50 and it looks like a short under that level which is barely above here if a little pop-up fails as it could go th

16 Jul 2018 01:57 pm
a slow pullback reaching 2800.25 so far and could keep going through 2800 and if so the 98.75 level needs held or else possible pickup and momentum

16 Jul 2018 02:04 pm
pop-up sold into at 2801.50 and stays under pressure holding under 2801.50-2802 area on a bounce attempt if no break under 2800 area first

16 Jul 2018 02:05 pm
beginning to have a breakdown starting around 2 PM with the Tao having a double top and now holding under 25,040 and should stay under that area in order to keep pressure on for further pullback to or through 98.75 which could be pivotal area around

16 Jul 2018 02:12 pm
this reversal up from 99.50 so far back up to 01.50-02.50 bottom of new resistance and as far as this should go in less heading up to the high on the Dow cash and 2803 or more and not going back to or through 99.50 area again

16 Jul 2018 02:17 pm
all of the pop-ups are being sold and now at the 2801.50-2802.00 area and tops on the Dow cash around 25,049 and buyers coming in on thin pokes lower quickly coming up at 99.50 so far, looks like trouble oh avoided unless or until broken/held under 2

16 Jul 2018 02:27 pm
continuing to fail at 2801.50-2802.50 area, but also holding 99.50 and pretty soon should break down through that if held under that soon

16 Jul 2018 02:32 pm
should still be a short under 91.50 which is just 2 points above for a potential break down at least test or break 98.75

16 Jul 2018 02:33 pm
should go further if that area is reached as bounces should keep failing unless quickly reversed with some gusto, and same if breakdown with some momentum

16 Jul 2018 02:40 pm
breaking down easily to 98.75 and stays under pressure holding under 2800.25 area now

16 Jul 2018 02:43 pm
both the ES and especially the NQ breaking down and if the Dow catches down and goes towards its low then the ES easily reaches the 93-92 support instead of a higher low just above 95 to avoid that for a while at least. It's bearish now under 99 Max

16 Jul 2018 02:47 pm
if you went short up there with 2 point stop at most, there was no "heat" on entry and need to take out higher low at 96 and have the Dow rollover from under 25,026 area if going to 93-92 target/support

16 Jul 2018 02:48 pm
with this narrow range day so far he should at least cover part of short position down here around 96 or better if he can for now and keep part on or possible lower lows

16 Jul 2018 02:51 pm
should have some profit log in now. This bounce needs to get the over 98 area and not get turned down a again or else sell heading to work through 93-92

16 Jul 2018 02:56 pm
ES so far held 1 tick above the early pullback low down at 95 and needs to hold here and take out 97 area in order to attempt a run-up or bounce of some sort

16 Jul 2018 03:07 pm
stall out and leaving a double bottom for now but if this bounce fails to clear 98.50-99 area on this move up and said of going right through it then one more leg down rather than end of day rally starting now a little early I think for today

16 Jul 2018 03:09 pm
again at the end of the day keep your eye on the Dow cash as it will need to hold its pullback low area around 25,010. Possible breakdown if broken through but should be higher lows and in the day with a bounce again

16 Jul 2018 03:12 pm
except for this bounce should fail, and then see how pullback does on a move back to 97 area, which should be maximum to avoid another move towards lows which does not look doable

16 Jul 2018 03:16 pm
need to cut out a few minutes early today, but if you are still holding a short should be out but if not then 2800.25 needs taken out and not turned right back down for this to keep going and avoid failure again

16 Jul 2018 03:18 pm
this pullback should not go any further than the 97 level, and if broken by much then backed towards the 95.25-95.00 double bottom and to the 93-92 area. However really should hold 97 it looks

16 Jul 2018 03:19 pm
have a good rest of the day. Update this evening and then a quick comment before a live session starting around the 9:30 AM hope. Take care!

 

INTRADAY LOG FOR FRIDAY - JULY 13, 2018

13 Jul 2018 09:24 am
Good morning. the ES needs to do more than just 2802 or lower and reverse back down

13 Jul 2018 09:28 am
this will be a short under 29 and especially 32

13 Jul 2018 09:29 am
I'll update after about 10 minutes after the open but should be some pullback

13 Jul 2018 09:30 am
first decent pullback will be bought also,

13 Jul 2018 09:31 am
97.50 needs to hold now to go higher and avoid breakdown

13 Jul 2018 09:36 am
needs to take out 2800 and hold under 2802 after that

13 Jul 2018 09:39 am
toppy just under 2802 resistance and needs to keep coming down and hold under 2800 if going to have a high in place going through 97.50

13 Jul 2018 09:41 am
short under the 2802 level

13 Jul 2018 09:43 am
stay short to the 97.50 area on a scalp and keep part in case this is a top and will trail stop on that

13 Jul 2018 09:46 am
still should stay under pressure holding under 98-99 at most now, should keep going to or through 95.50-94.50 area

13 Jul 2018 09:47 am
bounce should not stick and 99.50 would need to be cleared and keep on going up instead of reversing again but shouldn't take out 2802 and hold

13 Jul 2018 09:50 am
96 low and support at 95.54 else keep going to course through the 93-92 first key support area

13 Jul 2018 09:53 am
still can be a big picture top in for a while holding under 98-99 area on bounces

13 Jul 2018 09:54 am
have a stop at 99.50 now

13 Jul 2018 09:57 am
should have a short position on and may have caught a top if the ES can break through 93-92 area and not have a good turnaround after, but should stay under pressure now under 96-97

13 Jul 2018 09:58 am
that's as far as a bounce should go from the support if it's going to have a breakdown today on the next pullback

13 Jul 2018 10:03 am
this bounce from support should turned down at 98 area or a little lower

13 Jul 2018 10:03 am
97-98 area

13 Jul 2018 10:06 am
if broken 96 will need to hold or else could go back towards 93-92 again

13 Jul 2018 10:09 am
at 97 bounce resistance but 96 still needs broken in order to get another downturn

13 Jul 2018 10:10 am
should havve trouble around the 99 area again and come down from there

13 Jul 2018 10:12 am
backing off from 99 area and going back under 97.50 and holding on the way under 96 to go down to support again

13 Jul 2018 10:14 am
should be another top made up here and at or below 2800 area and take out 97.50

13 Jul 2018 10:17 am
holding under 2800 keeps pressure on right now. A short under that

13 Jul 2018 10:19 am
97-96 needs sliced through on the downside and then hold under 97 otherwise that could be a pullback low for a bit of a bounce and then another pullback

13 Jul 2018 10:23 am
97.25 middle of today's day session range and needs broken/held in order to get a move back towards 93-92 area. it would leave the door open to pop-up towards 2800 but sold up there or just above

13 Jul 2018 10:24 am
this should be a bounce high income back down through 97 if it's going to be tapping out instead of going over 2800 and trying to hold

13 Jul 2018 10:29 am
backing off under 2800 and unable to clear that level should start another decent pullback from up here

13 Jul 2018 10:30 am
especially taking out 97.50 area and not turning right back up again

13 Jul 2018 10:33 am
at the moment ES refusing to take out 2800 but also not breaking 97.50 so unless 2800 or 97.50 broken and not quickly turned could be a breakout that goes several points before turning

13 Jul 2018 10:36 am
has to take out 2800 and stick or else roll over here

13 Jul 2018 10:37 am
does have a good bid on all tiny pullbacks and now it looks like 99 needs held or else could be turning

13 Jul 2018 10:40 am
we have gone from resistance to support and backup to just under 2802-2803 resistance and if broken should be a small pullback but would need to hold 2800 or a bit higher and turn up again

13 Jul 2018 10:43 am
pullback should hold 2801-2800.50 or else island top a reversal could be in place

13 Jul 2018 10:50 am
should be a move up towards 2807.50-2808 at 50 very highest, right now the run-up to 2804.50 in danger of reversal if going back under 2801.50-2801 area

13 Jul 2018 10:57 am
quick drops from 2804.75 twice and now has a chance of breaking down by taking out 2802 prior resistance

13 Jul 2018 11:02 am
looks like a high but would need to take out 2802 area and hold

13 Jul 2018 11:07 am
2808 area still possible with the ES still bouncing from the 2803-2802 new support

13 Jul 2018 11:08 am
and that area needs broken under and then held under 93-94 area after breaking down if it's going to be a real breakdown and not just a quick Spike and turn back up

13 Jul 2018 11:16 am
so far made it up to 2806 and if 2804.50 area is held or quickly turned up on a pullback then the uptrend can continue otherwise if broken a bounce after should fail

13 Jul 2018 11:20 am
took out 2804.50 but only by a little and needs to keep going through 2803-2802 and not get turned up in order to have reversalof some sort

13 Jul 2018 11:24 am
2803.75 pullback low, holding over the 2803-2802.25 zone to keep this from getting top-heavy, and keep going for 2807.50-2708.50 or more before topping

13 Jul 2018 11:28 am
since reversing from the 93-92 support at 10 AM pullbacks have been 2.00-2.50 points and should not go much more than that to keep upside very strong and not begin to look top heavy

13 Jul 2018 11:33 am
2.00 point pullback again and popping up again and needs to make it to the 2807.50-2808.50 area on this move or else could end up with a high up here for a while or at least another pullback that must hold around 2803.75 area

13 Jul 2018 11:36 am
could be stalling out for a top and roll over if this continues holding under 2805.50-2806 much longer, another 5 minutes or so, and takes out 2803.75 area

13 Jul 2018 11:39 am
2803.75 touched and turned up to keep this out of trouble at least for a bit as this needs to run up over 2805.50-2806 without being turned right down again

13 Jul 2018 11:45 am
quick spike down after the stalling out was immediately turned up from 2800 area and that is going to need to continue holding as there should be shorts trapped chasing that move, and buyers looking to reestablish Longs

13 Jul 2018 11:51 am
2801 retest the 2800 area but another pullback to test or break that area can happen if this fails to clear 2804.50-2805 without turning right back down

13 Jul 2018 12:00 pm
after the stalling out the quick spike down went about 5 points in under 3 minutes and popped right back up to its 2805.25 level where the selling started, and needs to get back to that level to avoid top and try for 2808 area.

13 Jul 2018 12:08 pm
I have a very busy afternoon and will be updating a lot less and only if something important. it looks like they top rolling over from 2806 but held 2800 twice, and it's middle of today's range and pivotal area the remainder of the day that must hold

13 Jul 2018 12:11 pm
for the market to stay bullish. I will update again no later than 1:15, but sooner if necessary and not tied up on a phone call. Look for buyers on pullbacks at or over 2801-2800 now, and possible topping pattern around 2806 and if not then 2808 resi

13 Jul 2018 12:47 pm
just held 2803 again and as long as 2803-2802 hold the ES will avoid going to bore through 2800

13 Jul 2018 12:52 pm
a little bit of a red flag up here with the VIX making a double bottom all the way down at 12.24 and turned up, it needs to spike up over 12.52 or more and turn down to get a low in place for a bounce

13 Jul 2018 12:55 pm
whatever the case, price action still rolling the day right now and so holding 2803.50 now and keeps this strong with a chance at a higher high and possibly 2807.50-2808.50 area if there is

13 Jul 2018 01:09 pm
tested the high and backed always just a small amount so far and still needs to come down through the 2803-2802 area and if not held then 2800 at most on a spike move would need to quickly turned up again

13 Jul 2018 01:18 pm
with this topping out and getting to 2803 again expect a bounce from here to be sold and set up a good short with a stop above the high has that should not be seen if this double top is going to lead to a breakdown back under 2800 this afternoon. Nee

13 Jul 2018 01:18 pm
Needs a good bounce at least over 2804.50 area to stick to avoid another push lower

13 Jul 2018 01:33 pm
bounce from 2803 was a feeble one failing just under 2805 and could be a breakthrough 2803 head down towards 2800 and maybe have a break through that area the way this is acting and the current price pattern (especially the Dow) can be bigger breakdo

13 Jul 2018 01:39 pm
2802.25 low on this move so far but unless 2804.50 area broken it could still take out 2802 prior resistance/new support and go down to or through 2800. Still came market to be short with a stop just over the high

13 Jul 2018 01:43 pm
should have an important high in place, with the double tops that 2806.25 at 11:25 and 1:05, should keep going to test or break 2800.25-2799.75 which is pullback low and 50% retracement of daily range

13 Jul 2018 01:54 pm
should be a low at 2801.75 now and needs to hold that 2782 area or elseslice through 2800 area instead of bouncing back to tests or break 2804.75 last bounce high

13 Jul 2018 02:00 pm
ES has been in this range since noon and if it fails to take out 2804.75 then the next leg down can end up going to 2801-2800.25 spike lows around 11:45

13 Jul 2018 02:06 pm
the ES having trouble sticking on bounces but keeps holding 2802 area but it will be broken eventually as long as the ES holds below 2804.75 right now

13 Jul 2018 02:09 pm
this is still a short under the high has that could be an important double top but needs to have a breakdown this afternoon

13 Jul 2018 02:19 pm
simply refusing to break down so far and even another failure under 2804 may not be enough for this unless the Dow begins to break down also. The NQ already pullback from its high and pausing

13 Jul 2018 02:20 pm
now it's beginning to look a bit weaker, as these bounces keep being sold now and under 2804 so bigger move lower most likely here getting started

13 Jul 2018 02:20 pm
still hold shorts and maybe over the weekend as this should have a high-end place that could be an important one for a while

13 Jul 2018 02:22 pm
have something that you can at least allow for some intraday volatility, either using a looser stop on the ES or may be better in a put options spread.

13 Jul 2018 02:25 pm
still hanging on to 2801.75 for a pullback low, and could have a little spike below and turned up again – but if broken and there is no quick upturn again, then downside could get some momentum

13 Jul 2018 02:28 pm
it is the Dow cash that needs to break down through 25,003 area or 25,000 round number for it to have a break from up here

13 Jul 2018 02:33 pm
bounces still being sold however needs to push under 2801-2800 and holds under 2802 and turned down if a bounce like what has been happening at 2803.50 after going through 2800

13 Jul 2018 02:41 pm
the way that the Dow and other averages look, this could begin to break down a ways with a bit more weakness that holds, especially going back under 25,000 area on the Dow cash. the ES needs to take out 2803 and the Dow get above 25,030 to avoid pote

13 Jul 2018 02:50 pm
slow choppy downtrend with all of the bounces being sold so far right at 2801 and the Dow turned up at 25,004 new support/possible breakdown area and unless broken still can bounce back before closing, although first bounce should not stick

13 Jul 2018 02:55 pm
should get some pullback and then another run-up

13 Jul 2018 03:02 pm
backing away from 2803.50 prior high area and normally should hold on this dip and turned up and make a run up to the highs for the day. Don't know about seeing the highs but could run up a bit more

13 Jul 2018 03:04 pm
should keep going up to around 2804.50-2805, but if that doesn't stop the move then write up to or through the 2806.25 double top.

13 Jul 2018 03:19 pm
2804 bounce high a little under 2805 needs to hold 2803 -2802.50 area or could keep going back to test 2800 area

13 Jul 2018 03:26 pm
in the last 35 minutes of trading that ES is going to need to take out the 2804 area and especially 2806.25, and not go back down under 2802.50 area and then holds under 2803.50 and turned down if heading back to or through the 2800.50 area

13 Jul 2018 03:28 pm
even if there is a bounce from down here I think that the VIX will help to keep it down, it went to another short-term extreme today and turned up at the first height of the day

13 Jul 2018 03:34 pm
the ES is still shopping around but holding the 2801-2800 area and should not go back down there now the rest of the day and there could be a last 30 minute run-up – especially if the NQ keeps this new run-up going and not reversing around 7398 or

13 Jul 2018 03:38 pm
the ES has been going higher for most of the last 2 weeks with just last Wednesday being the only decent shakeout along the way. if that's going to happen again then it could come from a surprise over the weekend – otherwise another gap up open the

13 Jul 2018 03:41 pm
have a great weekend! Be flat or in a small short position that you can hang onto for a decent pullback to start, but saving ammo in case 2806.25 double top is broken.

13 Jul 2018 03:43 pm
have a great weekend! I will update you on either Saturday or Sunday has some things are going on this weekend. Anyhow take care and I will catch you next Monday. Until then – take care

 

INTRADAY LOG FOR THURSDAY - JULY 12, 2018

HOW OUR TRADING DAY WENT: We had a gap up open turned down from the open and dropped 8+ points to prior resistance turned new support and turned up. Ian, who is a TradeStalker member, made this quick video recap of Thursdays action again around important areas. CLICK HERE TO WATCH!

12 Jul 2018 09:06 am
good morning. What a crazy market. Not sure if there was some news or just a good rally. Anyhow best to be very careful as the market personality is turning on a

12 Jul 2018 09:09 am
this should be sold in the 90s and needs to hold 88-87 and then 83-82. I will meet you online around 9:30 and then update here again a little bit after its over

12 Jul 2018 11:45 am
we have been having two-sided action and now going sideways however rejecting 92.50-94 resistance. and holding 88.50-87.50 prior resistance as new support, must hold to avoid possible breakdown

12 Jul 2018 11:48 am
with a pullback low 1 tick above the prior 82.50-81.50 resistance and afternoon quadruple top area, rally took out 87.50-88.50 and held and 92.50-94 reached but sold several times – a break over 94 would need to hold 92.50

12 Jul 2018 11:50 am
now 92.50 needs held or else go back down to Lord through 91.50 area and into that trading range again

12 Jul 2018 11:56 am
should be sold back down under 92.50 and stick in order to have a reversal of some sort or at least a pullback or else could make a token higher high or maybe even 96-97 on this move then reverse otherwise

12 Jul 2018 11:59 am
96-97 getting tested and should pullback but if not and a move over 98 would need immediately reversed or else could continue up to the 2802 area at most before turning back down

12 Jul 2018 12:07 pm
backing off after stalling at the 96.50 level and with 97.75 still being held below this needs to bounce from 94 area with some gusto and take out 98 otherwise another top will be left up here

12 Jul 2018 12:20 pm
right now with the 94.50 prior high and top of resistance has been broken it will need to continue holding after testing the 97-98 area or else there's a chance for a pullback or reversal of some sort.

12 Jul 2018 12:21 pm
however, as long as that holds and turns up again then there's still a chance for a move up to the 2802 area on this move, and then a move back under 2798-97 would need to hold to start a reversal

12 Jul 2018 12:23 pm
I am going to be oh wait until 1:15 PM but will update before then if possible. At the moment it's the 94.50 area that must continue holding to keep a good uptrend and not be in reversing. NQ a moonshot to new all-time highs needs to hold 7360 area r

12 Jul 2018 12:45 pm
at the moment we have an exact double top in place at 97.75 and should be a short now under 98 which should not be reached of course if that double top is going to be an important high, just needs to go under the 92.50 prior resistance and not get tu

12 Jul 2018 12:45 pm
go under the 92.50 prior resistance and not get turned right back up. Bounce resistance at 96 area now

12 Jul 2018 12:57 pm
2802 area is going to be in the cards on this move up as the pullback to 92.25 prior resistance/new support only served as a springboard

12 Jul 2018 12:59 pm
expect that to happen if there is another decent pullback, as it should snap right back as long as thee ES is holding around 94-92.25 area at worst now. Minor support around 97.50-97 now

12 Jul 2018 01:06 pm
2800 high so far and need to keep holding 98-97.50 in order to pop up to the 2802.50-2804 area and then would need to stay over 2800 and especially 97 or could be going back towards 93-92

12 Jul 2018 01:10 pm
expect another pop-up to be sold also as the ES only poked its head over 2800 and turned down and now 2802 should be hard to reach and especially hold is that is

12 Jul 2018 01:30 pm
2800 and then 2802 area needs to be watch for states hold back of some sort but stays okay over 96.50 at the moment

12 Jul 2018 01:36 pm
double top in place and bounces should be sold even if a token higher high as that should be reversed also if another stall or rejection

12 Jul 2018 01:36 pm
taking out 96.50could get the downside going

12 Jul 2018 01:42 pm
96.50 was reached in turned up to get a bounce instead of rolling over and now needs to take out 2800 and stick to pop-up further to 2802 or else another high up here and breakdown to or through 96.50 next time would be more likely

12 Jul 2018 01:51 pm
refused to take out 2800 and now a lower high and a move under 96.50 should mean a top in place with all bounces failing up here in a decent pullback could begin

12 Jul 2018 01:55 pm
this should be a short now on a move over 98 to sell with a stop just over the high of the day, even though it COULD get touched and reversed the market really shouldn't get back up there now and sold under on a bounce

12 Jul 2018 01:57 pm
if the ES DOES go back up and take out its high, then we could either see a quick reversal back down or else go to 2802 area and then back away and then 2799-98 would be new support to hold or go down through 96.50 and stick if going to get downside

12 Jul 2018 02:00 pm
rolling over now and bounces should continue failing on the way back down to test or break 94-92.50 area on the ES which should be important to hold or else better

12 Jul 2018 02:02 pm
should hold under 97.50 now on a bounce to keep a good downtrend going.if a poke above that area then a little run-up possible but not able to stick on a move up to 98.50-99.50 or else keeps going over 2800.50 before another downturn. May not get tha

12 Jul 2018 02:08 pm
93.50 is in the 94-92.50 zone and also is 25% retracement from yesterdays low up to 87-86 about 50% retracement which this should go for evidentially holding under the high today

12 Jul 2018 02:17 pm
with the 94.50 level holding a bounce now needs to go over 97.50 and not turn right back down in order to attempt a move back towards the highs however if that happens the move will be sold at or under 2800 most likely

12 Jul 2018 02:26 pm
so far 97.25 bounce high and needs to take out that level and then hold 97 area or else begin to roll over again. Otherwise still a chance for one more pop-up but not take out 2800 and hold

12 Jul 2018 02:33 pm
bounce high at 97.50 stalled and turned down and should stay under pressure holding under 97.50 area right now to go to court through 96-95 or more

12 Jul 2018 02:36 pm
small pullback holding 95.50 so far and 94.50-94 area key to hold now the rest of the afternoon. A break and hold back under that area would be needed to get a reversal, even though bounces are likely going to fail a bit higher up. Still needs to tak

12 Jul 2018 02:36 pm
Still needs to take out 97.50 and stick above that level to avoid potential reversal

12 Jul 2018 02:43 pm
it doesn't look like bounces are going to stick, even if there is a breakdown under 94.50 yet, it will happen as long as these pop-ups continue being sold

12 Jul 2018 03:00 pm
the ES is having a very hard time holding at higher prices so far, but as long as the 95-94.50 area holds the ES will ovoid a reversal in the last hour. However if broken, then bounces after should be sold again at or under 97-97.50

12 Jul 2018 03:08 pm
took out 97.50 and will need to hold around 97-96.50 area if going to keep grinding higher and not leave another high in place at least for a while and come back down towards 95 or more

12 Jul 2018 03:13 pm
trading range at the end of the day and should be sold into strength again if there is another move up towards 98 otherwise keep going to or through 2800 again

12 Jul 2018 03:17 pm
last hour rallies lately have been what's going on. The ES needs to hold the 94.50 area the rest of the day, and really should have a hard time taking out 2802 area and holding 2800, which is needed if this is going to keep a strong uptrend. More li

12 Jul 2018 03:19 pm
look to be a seller on bounces up to 98 and stall like up here now and a buyer on pullback that turns up around 95. Although would use that area just to cover shorts. Have a great rest of your day

12 Jul 2018 03:24 pm
in the last 30 minutes look to short any kind of bounce and stay short under 2800 as this could be an important top for a while.

12 Jul 2018 03:26 pm
sorry for the late update there has been no follow-through on the upside all day with Myers backing away and sellers jumping in on the bounces as soon as they stall out. Will happen again if there is a bounce instead of taking out 92.50 area

12 Jul 2018 03:26 pm
which was bottom of resistance zone and also a swing low around 12:45. That's all take care

12 Jul 2018 03:33 pm
well, now looking like a shot at the 2800 area with the reversal again from 93.25 this time and the 94-92.50 zone again, key support now and still "okay" unless broken. update tonight. Important Friday

 

INTRADAY LOG FOR WEDNESDAY - JULY 11, 2018

11 Jul 2018 08:59 am
in any case, this was going to sell off today anyhow by the way it was acting yesterday and my internal gauges saying selloff in 2 days the norm, it's not even a day late. The 82.25 prior support area needs cleared/held, then 84 area

11 Jul 2018 09:05 am
a drop to 73-72 needs to hold or else go down to fill that gap at 66.25 or more, and should before this is over and possibly quite a bit lower into the 40s again, but a day at a time

11 Jul 2018 09:17 am
could be a quick pop-up if shorts jump into cover on the down open, and if so that would fail. Probably needs to happen around 77-76 or keep going to or through 73-72.

11 Jul 2018 09:23 am
80 area pivotal early. There's going to be another gap on the chart (day session) and would need to go up to 88.50 to fill the gap above now, and 66.25 to fill the gap on the downside

11 Jul 2018 09:30 am
I think 80.50 needs taken out and held over 79 and with gusto to avoid bigger down

11 Jul 2018 09:31 am
to avoid for a while as a run-up should be sold into

11 Jul 2018 09:34 am
buyers or shorts covering from 77 over 80.50 and should come back down from below 84 area or else a chance it could keep going up towards 88.50 area before backing away

11 Jul 2018 09:38 am
80.25 held after taking out 80.50 and 84 just missed and backed away and should be a high in place but if not then one more pop-up should stop at 84-85 or else 88.50 area possible still

11 Jul 2018 09:40 am
needs to hold under 84 and come down through 81-80 in order to have a bigger pullback underway or at least they height in place for a while

11 Jul 2018 09:42 am
should not get over 84 so a stop just above that if you shorted up here and target one at 81 or better for a scalp out of part

11 Jul 2018 09:44 am
"for better" –that was in case of a spike down before another update if it was under 81. So far 81.25 held and unless broken 84 could be poked above but probably not held

11 Jul 2018 09:49 am
need to hold under 83 area and take out 79-78 without a quick bounce soon

11 Jul 2018 09:52 am
should have pressure still on holding under 82.50 and needs drop through 78 where it has good support and would be bounce or better breakdown if reached

11 Jul 2018 09:56 am
could be one more pop-up to just under 84 area and come back down if this is going to stay in a bearish mode right now

11 Jul 2018 09:56 am
and needs to come down through 81 without turning right back up again

11 Jul 2018 09:58 am
tops should be in place and now needs to come down to or through the 79 area

11 Jul 2018 10:00 am
ES will stay bearish under double top at 83-84 and should test and likely go through 79 and then 77 low of the day

11 Jul 2018 10:02 am
10 AM Econ data helping the bounce from but 80 level and should be bought on a pullback now holding above that level

11 Jul 2018 10:03 am
still resistance and 84-85 and another little pop-up should see sellers comment again

11 Jul 2018 10:05 am
84.50 bounce high at the 84-85 zone needs to take out 83 and hold under that area in order to begin topping out and not just polling back

11 Jul 2018 10:12 am
top them place in any other bounce should be sold also as long as the ES doesn't go over 25 and hold 24 after that, but still need to take out that 80-79 area soon on this leg down in order to have a breakdown

11 Jul 2018 10:16 am
going back to Lord through 84 and will need to stop and turned back down again but at the moment no more damage done unless/until 80-79 broken

11 Jul 2018 10:20 am
still under 85 but would need to break down here soon and take out 80-79 or else just a pullback with another run-up of some sort to follow. Could be going for 88.50 on one more run-up

11 Jul 2018 10:22 am
84 needs to hold now to keep this going towards 88.50 area or a little under that

11 Jul 2018 10:28 am
stalling out a bit and four any chance of 88.50 as this will need to keep holding 84.50-84 area or else could be a high in place before getting up there,

11 Jul 2018 10:32 am
should now hold 86 in order to keep uptrend going and almost to the 88-88.50 updated resistance were there should be a hard time going over and holding long unless heading up towards 92

11 Jul 2018 10:34 am
50% retracement from yesterdays high to the morning low at 77

11 Jul 2018 10:36 am
and should be a high in for now, if not then one more pop-up to a token higher high would fill that gap and that should be sold or else the ES could try 92 although doubtful

11 Jul 2018 10:41 am
breaking down if this goes under 84 without bouncing back and taking out 86 area and staying up there

11 Jul 2018 10:45 am
small bounce rejected 85 and as long as that level is held under pressure stays on to 82-81 area and if broken then 79 must hold or else the low at or under 77

11 Jul 2018 10:51 am
we should have a good high in place holding under the 84.50 area on a bounce. The ES went up and filled one gap but one left open, at the 50% bounce retracement also. Should eventually take out 81 and then 79.50 and then the 77 low holding under that

11 Jul 2018 11:08 am
well, that's up to the 50% retracement and under gap, puling back so far the and 85 needs held otherwise ES made another higher low, as we have had those at 79.50, 80, 80.50 and now 81.25. that and 24,752 on the Dow cash now key on another drop, like

11 Jul 2018 11:10 am
84.50 should be a pivotal support area and needs held and turned up from that level or above or it could go too far and had back towards another slightly higher low if pattern continues and not break down

11 Jul 2018 11:12 am
two-sided action down here while topping out around the 50% retracement and just made a middle of the range 123 top but still needs to keep going down through 81 if going to have further breakdown

11 Jul 2018 11:14 am
in this range the bounces should be sold under 88 and lock-in at least partial profit on pullback towards bottom of this range and keep part in case of breakdown which could and should happen some time

11 Jul 2018 11:17 am
at the moment is still bearish unless 84.50-85 broken and holds 84.50 after our else headed to 81.25 or lower

11 Jul 2018 11:18 am
or higher, if this pattern is not going to break to the downside yet

11 Jul 2018 11:18 am
whatever the case, it stays bearish now under the 84.50-85 area

11 Jul 2018 11:21 am
bigger breakdown should be underway here to test 77 or more

11 Jul 2018 11:23 am
a bounce should not take out the 83.25-83.75 area and hold above that after now or else a small turnaround for a little bit. That is current downtrend resistance

11 Jul 2018 11:26 am
72.75 bounce high so far holding just under downtrend dynamic resistance and unless 73 broken and holds this can keep going to/through 77 low of the day session

11 Jul 2018 11:30 am
holding under 82-83 right now and unless that is taken out and sticks pressure stays on to go down through 77 low and head towards 73-72 or more possible on this leg down

11 Jul 2018 11:33 am
double bottom attempt on the ES at the moment but need to go over 79.50 and keep going through 81.50-82 in order to attempt turning trend

11 Jul 2018 11:36 am
pretty good buying at 79 which needs to hold now on another pullback as this has a chance of getting through 81.50 area and a temporary turnaround

11 Jul 2018 11:44 am
holding under 82 keeping this under pressure to test or break to the low still

11 Jul 2018 11:48 am
lower low just made at 76 and quickly turned up but just a bounce holding under 80.50-81.50 area

11 Jul 2018 11:55 am
this should be sold off again holding under 80 and go down to test or break the low area, possible a higher low is made if it doesn't go down with some momentum

11 Jul 2018 11:57 am
77 had a good bid with the lower high quickly reversed and would needto go through 77-76 now without a quick turned back up as that should be held for a bit with a chance of going up to board through 82 area

11 Jul 2018 12:00 pm
with all bounces failing stay with the short side as long as the ES holds under 80.50-81.50 as that needs to be cleared/held if going to turn back up and leave a bottom in place at least for a bit, but sold went outside stalls/rejection again

11 Jul 2018 12:04 pm
I am selling all bounces now under 80.25-81.25 area and should see 82.54 a while and keep going down towards 73-72 if this action continues

11 Jul 2018 12:06 pm
if there is a bounce that goes back over 81.50, that is just above the 50% retracement from today's high to the low so far and would have that to deal with also

11 Jul 2018 12:09 pm
this has been a steady move lower with all of the small bounces the and sold and should continue as long as the ES holds under the 81.50-82 area and go for the 73-72 zone especially holding under 79 area now

11 Jul 2018 12:11 pm
I will be oh way until around 1:10-1:15 with some phone calls to make, but will update ASAP if necessary or I am freed up. a bit of a stall down here, pop-up likely before another pullback

11 Jul 2018 12:59 pm
81.25 updated resistance was sold twice and just came down to slightly higher high and should break the low holding under 79 area

11 Jul 2018 01:01 pm
in any case, unless the ES gets back over the 81-82 area it stays vulnerable. And now with a possible double bottom at 76-75.50 that must hold or 73-72 likely

11 Jul 2018 01:12 pm
market now on its lows and going to be going to test 73-72 if this actually continues today and holds under the 78.60 area on any kind of decent bounce right now

11 Jul 2018 01:17 pm
the ES needs to take out the 78.50-79 area and not turn right back down if going back down again and keep the door open for a move to or through the double bottom and 73-72

11 Jul 2018 01:20 pm
that's the moment it looks like 78.50-79 needs taken out and then held and instead of being resistance and turning the market back down to avoid potential of breaking double bottom. If only a tiny pullback 76.75 should be turned up quickly

11 Jul 2018 01:22 pm
well, might be on its way to around the 81-82 area again and also could be a breakout area if held on a small pullback after taking that out

11 Jul 2018 01:25 pm
79-78 now support should hold if there is going to be one more bounce attempt and try to break the top of this sideways range that started at 11:40 AM

11 Jul 2018 01:28 pm
yet another failure at 81-82, however if this holds 79 area and turns up then it can make another move higher and break the top of current range,and then would need to hold 81 after

11 Jul 2018 01:33 pm
pullback held 79.75 and a pop-up rejected 82.75 which could be a top for a while and go back to test or break 79 area

11 Jul 2018 01:37 pm
the ES is going to need to bounce from 80 as if it does to 79 then it's too far and another pop-up definitely fails

11 Jul 2018 01:40 pm
with all of these bounces failing, the ES is still going to need to go over the 81-82 area and a hold over 81 after that or else in jeopardy still of going back to new lows before the end of the day

11 Jul 2018 01:45 pm
barely post under 79 and turned up, but right now still needs to take out 82 and hold 81 after that in order to get a turnaroundand not go back towards the lows instead

11 Jul 2018 01:54 pm
almost back to its low, we have a double bottom at 75.50-75.25 however if the Dow days we and breaks 24,700 and not turn up then ES goes for 73-72 – that's just 15 points on the Dow from here

11 Jul 2018 02:02 pm
75.50 held for a third time, and a fourth time down there probably should finally break through so needs to get over 78-79 or else still pressure on to take out the lows, need to go over 81-82 and hold around 81 in order to have a turnaround

11 Jul 2018 02:06 pm
failure at 78.50 keep the door open for another move to or through 75 and 73-72 area or more would be a good possibility on a of the triple bottom

11 Jul 2018 02:09 pm
still and shorting and right now should stay under 79 and the 82.50 area at the highest in case of another run-up of some sort rather than breakdown of the triple triple bottom

11 Jul 2018 02:11 pm
would need to bounce back over 76 and especially 78 area now just to attempt to arrest downside momentum. The 66.25 area should be in the works next( really gets going

11 Jul 2018 02:14 pm
with the ES going to 72 so far would need to go back up over 76 and especially 78-78.50 without turning down right away to try a reversal, even then 81-82 strong above. Should keep trend down action going

11 Jul 2018 02:21 pm
if this was not trend down action today with all bounces failing then would consider that being a good low at support, however has to do more than just a small countertrend move. 75.50 area needs broken/held and keep going up through 78-79 with some

11 Jul 2018 02:23 pm
should hold 75-74.50 area at worst on a pullback now if the 72.25 low is going to stay in place

11 Jul 2018 02:28 pm
77.75 is halfway back up from the 82.75 bounce high at 1:30 and just under the 78.50 area and could go on up towards 81-82 if 78.50-79 broken and 78 able to hold instead of broken down thru

11 Jul 2018 02:34 pm
should hold 79-78.50 now or else keep coming down to test or break under 77

11 Jul 2018 02:36 pm
this has been about the amount of time and amount of points of bounce before going back down again today so it could be another bounce high coming down to or through 78-77 area

11 Jul 2018 02:38 pm
looking like the 78.50 level needs to continue holding or else begin coming down to or through 77

11 Jul 2018 02:46 pm
77.75 held on pullback so now this could go for the 81-82 area again and if so then 80.50 would need held or else there could be a bigger pullback come down to or through 78.50 key and pivotal area now

11 Jul 2018 02:54 pm
IB lost its Globex connection, need a backup account I guess unless this is across-the-board for all brokerages, but somebody is trading. Anyway it is still bearish unless a push over 81-82 and hold 80.50 after. Stalling here not necessarily good

11 Jul 2018 02:56 pm
at least today that's been the case. Needs to hold around 78.50-78 or else begin to have a bigger pullback and not able to have a breakout over this resistance

11 Jul 2018 03:03 pm
still holding 77.75 for the third time and needs to hold and move over 80.25 was some gusto in order to get over 82 and hold 80.50 after that, which is needed for a breakout and to avoid pullback of some sort again.

11 Jul 2018 03:11 pm
81 being reached and needs to keep going up through 82 and hold 80.50 otherwise a chance of going back under 77.75 and a possible breakdown again

11 Jul 2018 03:14 pm
sideways action for the last 40+ minutes and needs to go under 77.75 pretty soon without a quick bounce back up

11 Jul 2018 03:27 pm
pullback so far reached 75.75 prior double bottom before going down to the 72.25 low at support, and holding under the 78.50 area in the last 30 minutes needed to keep pressure on. The ES would need to get over and hold 78.50 or else headed back unde

11 Jul 2018 03:28 pm
this move should last more than just 1 day the way it was coming into today. Leaving a bigger picture double top on the charts also, w

hile the VIX was under 12. bounces should be failing for a while

11 Jul 2018 03:29 pm
my son's birthday tonight so be a very quick update and may not be able to do the NQ numbers, my apologies. Update this evening and then a quick comment before live session in the morning. Enjoy the rest of your day! Could be going to 73-72 if this c

11 Jul 2018 03:41 pm
normal end of day run-up instead stopping at the 80.50-82 resistance key resistance area to finish the day. Should not take that out if going back towards the low. Take care!

INTRADAY LOG FOR MONDAY - JULY 9, 2018

09 Jul 2018 09:23 am
Good morning. it looks like, in spite of my internal gauges reaching overbought extremes, the market is going to have a gap up open and would need to go down to 66.25 to fill the gap.

09 Jul 2018 09:30 am
must reverse from around 74.54 lower.

09 Jul 2018 09:34 am
should have trouble at 77.50-78.50 area if reached in the morning especially, right now needs to go under 72.50-72 and not turn right back up in order to get a reversal of some sort from up here.

09 Jul 2018 09:36 am
74.50 area will be pivotal up here and needs to avoid going under and holding under that level is a pullback from 77.50-78.50. 82-83 area would be next resistance above if a melt up

09 Jul 2018 09:39 am
going to be selling 78 and a stop just above 78.50 area as it should turn here if it's going to and not keep going to the 82.

09 Jul 2018 09:41 am
this is going to keep going unless a failure to clear 79 and break under 77

09 Jul 2018 09:44 am
going back under 77 and not turning right back up could start a pullback of some sort

09 Jul 2018 09:49 am
I am shorting with a stop just over the high as that should not be reached again if this is going to have a breakdown


09 Jul 2018 09:50 am
or at least a pullback to work through 76.50-76 which would likely mean a high in place if not a strong bounce from around that area

09 Jul 2018 09:53 am
76.50-76 barely broken and should hold under 77.50-78 area is going to go back down to lower through 75.75 pullback low

09 Jul 2018 09:57 am
pivotal new support at 74.50 needs broken and still holds under 77 if going to have a high and place

09 Jul 2018 09:59 am
possible double top or 123 type top if a bit better bounce and turning down from around 78-79

09 Jul 2018 10:03 am
holding under 77.50-78 still bearish

09 Jul 2018 10:04 am
put on other partial short position and stop over 78 right now as should not get back up there. This is going to have a break down to or through 73 or more

09 Jul 2018 10:08 am
the VIX dropping all the way to 12.90 and turning up, it needs to go up through 13.34 and would be a VIX reversal signal if that happens. And internals very strong, internal gauges will be at HUGE extremes also. BUT need to hold under 78

09 Jul 2018 10:13 am
bounces should keep failing as long as the 76-77 area is not broken and held

09 Jul 2018 10:17 am
going through 73-72.50 area and holding can get this to break harder on the downside as that should be important area up here

09 Jul 2018 10:19 am
anyhow, should not get back over 76 and stick for it will be broken through on next pullback after a bounce from that area turns down from 76-37 area

09 Jul 2018 10:23 am
bounce from 73-72.50 new support area reached 76 and backed away so far and needs to go over 76 and stick, not get turned right back down or else 73 area could be tested or broken

09 Jul 2018 10:30 am
poke over 76 not holding so far and going under 74.50 can turn this back down to test or break 73 area as long as 76 not taken out and holding

09 Jul 2018 10:34 am
again on this move be on alert for a turn down from a lower high and make a 123 top. 77 would need taken out for the tests of the high fails and could come down to 75-74.50 then

09 Jul 2018 10:36 am
if one more pop-up reaches 77.50-78.50 then that is where a reversal needs to come from in order to get a topping pattern and likely reversal from that area if reached soon

09 Jul 2018 10:38 am
there will need to be a quick rejection of that area, if not then a stall, or else test or break through 79

09 Jul 2018 10:47 am
almost back to the high and needs to hold 76.50 in order to keep uptrend from reversing and leaving a 123 top in place

09 Jul 2018 10:53 am
double top/ 123 top at the moment and breaking 77 without turning right back up may be needed to get downside going and avoid another test or break through the 79 double top

09 Jul 2018 10:57 am
82-83 area next resistance could be reached if the 78 level is held

09 Jul 2018 11:01 am
ES will need to go back under 77.50-77 if going to reverse for now, could top at or a little under 82-83 area

09 Jul 2018 11:08 am
has to go back under 80-79 without turning right back up again for a high to be left in place up here or else could make another pop-up yet to the 82-83 area and pullback

09 Jul 2018 11:13 am
the ES has been holding at or 1-2 ticks maximum twice below the 18 EMA on the 1 minute chart, currently at 79.75 and moving and needs to hold or begin sideways/lower action

09 Jul 2018 11:23 am
pullback held just over 18 EMA at 81 turning up in keeping uptrend intact, this move could end some time this afternoon if it does not from the 82-83 area taking out 80 and not getting turned right back up again

09 Jul 2018 11:28 am
has to take out 81-80 and then hold under 81 after if going to begin a rollover from this 82-83 area and not keep going up through

09 Jul 2018 11:30 am
rejection at a token lower high at 82.50 resistance should be a high and place now if a pullback goes under 80 and holds under 81 area after that

09 Jul 2018 11:34 am
bounce should stop at or under 81 area andthe top at the 82-83 resistance (not listed last night)

09 Jul 2018 11:49 am
79 prior double top attempt held on pullback as new support, and 82-83 could be sold or 84.50 and then 87.50-88.50 next –as long as the 79-78 area holds and

09 Jul 2018 11:50 am
turns back up bigger picture trend and momentum still bullish. Break under 78.50-77.50 and hold under 79-80 needed for reversal.

09 Jul 2018 11:56 am
unless the ES can get over 83 top of 82-83 resistance and then a hold 81.50 and turn up at her that, should be a top in place for a while at least

09 Jul 2018 12:00 pm
this time 79.75 immediately turned up, and so far buyers are waiting on every small pullback to bid this back up again, so as long as the ES holds 80-79 area at worst, it looks like no damage done to this uptrend for now.

09 Jul 2018 12:06 pm
resistance at 84.50, and then 87.50-88.50 if 84.50 broken by much with only a tiny pullback. Big picture major at 95-96, should not see that without a decent pullback first

09 Jul 2018 12:14 pm
one more push higher should reached the 87-88 area, and with this being a gap up day, could be a trend up move however now has to hold at or over 83-82 on a pullback and turn up again

09 Jul 2018 12:23 pm
the ES should go back under 82.50

09 Jul 2018 12:28 pm
should be a high in place for especially with this bounce iling at 84.50 area

09 Jul 2018 12:33 pm
should be a high in place and could be an important one breaking under 82 and holding but especially taking out 79 area and not a good bounce

09 Jul 2018 12:48 pm
that ES needs to take out the 84-84.50 area and hold over 82-81.50 area after or else the door is open for a reversal. I will be away about 45 minutes or so and will update if free ASAP but cannot promise due to very busy

09 Jul 2018 01:12 pm
top in 82 r

09 Jul 2018 01:13 pm
top in 82 r

09 Jul 2018 01:39 pm
82 need cleared, held over 81.50-81 voice sw not working

09 Jul 2018 01:44 pm
82 mmuat hild under

09 Jul 2018 01:52 pm
It looks like the ES needs to hold 79 the rest of the afternoon to avoid risking breaking strong uptrend momentum. If 82 area and not broken/held soon and take out 84 without much if any of a pullback could keep trend up until the close

09 Jul 2018 01:59 pm
So far 84 level where the ES went sideways before its pullback to 79.25 bottom of this sideways move has stopped this slow moving bounce and unless broken and not turned right down soon then 82 could be taken out also

09 Jul 2018 02:05 pm
A move back under 82 that quickly turned back up can get some momentum and need to go under 80.50 and then 79 in order to turn this back down. With it currently moving sideways/higher almost to its high, that is not likely at least for now

09 Jul 2018 02:20 pm
Bounces should keep being sold at/under 84 level where the last move to 79.25 started. Or, buy at 81.55 and 81 with a stop at 79 which needs held or could go back to/thru 77.50 minimum

09 Jul 2018 02:26 pm
If this pullback holds around 82-81 and turns up and takes out 84 then it could keep going up to test or break is 85.50 high, but a lower high that turns down makes a 123 type top and use 1 minute chart for a "trigger"

09 Jul 2018 02:29 pm
A move over 84 will need to either accelerate or hold 83-82.50 and turn up again in order to keep rally going and not top out instead

09 Jul 2018 02:43 pm
The ES went over 84 without any rejection or pullback of any sort and needs to keep going through 85.50 without any trouble otherwise making a 123 type of top at least for a while by breaking under 83.50 and not turning right back up

09 Jul 2018 02:48 pm
A reversal down from holding at or just under 85-85.50 taking out the 83.25 level should mean a reversal attempt, unless an immediate turn right back up

09 Jul 2018 02:52 pm
ES will stay bullish unless they break below 84 right now unless a reversal of some sort from around the highs for a little bit higher. But current key and pivotal area up here now

09 Jul 2018 02:57 pm
A good offer 1 tick under the high and another about 2 ticks over the high, and normally get filled so look for a move up there and then possible for a turn if only just a small one

09 Jul 2018 03:02 pm
Rejection of 86.25 should be a high and not broken and held but sold even if it attempts to get up there as it should keep coming down and could be a move >6.25 points from this top

09 Jul 2018 03:04 pm
There was a 6.25 point pullback starting at 9:40 from the 79 level, and then after taking out 79 there was a 6.25 point pullback from 85.50 back to 79.25,

09 Jul 2018 03:05 pm
In this late in the day, there should not be a pullback >6 points or else it will be more likely that a high of some sort should be in place for a while, ending the trend up move

09 Jul 2018 03:11 pm
quick rebound space from 84 key area and what should be a pivotal area for the rest of the day, and going back towards the high which could fail but not breakdown unless 84 broken/held. Can keep knowing trend up otherwise

09 Jul 2018 03:15 pm
A double top being made and needs to bounce from 84 or higher otherwise there could be a late pullback that tests or breaks the 80 area which is about 6 points from the high and equal to the only 2 pullbacks of the day

09 Jul 2018 03:22 pm
Should not go up and take out 84 area and be able to hold now, but should stay under that area in order to have a late day breakdown at least down to tests 80.50-80

09 Jul 2018 03:29 pm
In the last 30 minutes the ES will need to at least break and hold over 84-84.50 area and hold in order to attempt a test of the high, and if so it likely would be sold again at or below the high area.

09 Jul 2018 03:32 pm
Beth somehow the ES does get back to or through 86.25 then the 87.50-88.50 just above that should be hard to get through but if not then potential but doubtful move towards 92. Should be going lower instead though to tests or break 80.50

09 Jul 2018 03:41 pm
Check out tonight's update and then I will give a quick comment before the open and the online session around 9:30 AM in the morning. If a top is not in, then should be by noon tomorrow. Take care!

 

INTRADAY LOG FOR FRIDAY - JULY 6, 2018

06 Jul 2018 09:09 am
Jobs numbers gave the market a run-up from 32.50 up to 44.50, just under the top of the range which is at 48 and kind of life after the Fed minutes the move failed and should keep coming down if they hold under 38.50. 36 area looks important here

06 Jul 2018 09:14 am
the VIX spike down to 14.20 and currently at 14.92 on the pre-open, but if it goes under 14.85 and then turns up over 15.02 it should be a huge red flag. Kind of is already

06 Jul 2018 09:22 am
need to go over 39.50 and then the hold 38.50 and turn after opening if going to make a decent run-up attempt. It sure looked like 36 with hold and did so could be important early

06 Jul 2018 09:26 am
I will update a little bit after the open, but going over 48 and holding today needed for at least a 1 day breakout attempt, but doubt that happens as a pullback should happen first

06 Jul 2018 09:31 am
39.50 high and is bearish unless broken and held over 40 at the moment and has to bounce from 36 or keep going to or through 34.50 area

06 Jul 2018 09:33 am
34.50 reached but still a short under 37.50 new resistance

06 Jul 2018 09:35 am
should come back down from 37.50 area or else could keep going up to or through 38-39 area and possibly higher

06 Jul 2018 09:39 am
should hold 41 now in order to keep a good uptrend and a move up towards 44-45 should be sold if this is going to top out under the 47-48 major area.

06 Jul 2018 09:41 am
44 should be hard to get through and hold

06 Jul 2018 09:44 am
and come down and break and hold under 42 area in order to get some sort of pullback going, would need to hold 40-39 and turn up to avoid decent pullback

06 Jul 2018 09:47 am
bounce from 40.50 but a high should be in place holding under 43 lower high so far

06 Jul 2018 09:49 am
need to have the Dow cash take out its high from yesterday or is a top in place

06 Jul 2018 09:50 am
the VIX went to an extreme at 14.40 and turned up coinciding with the highs so far, and although it could go lower that is very stretched now more than 12% below its 10 day average close

06 Jul 2018 09:54 am
should still have some trouble or around the 44-45 area if going to stay under the 47-48 major area today. still has the 38 area to go under and hold in order to break down, and the Dow cash take out 24,282 in order to have a breakdown

06 Jul 2018 09:58 am
there was a 3 minute stall before polling back the last time up here and this time stalling is not giving a pullback so look for a move up to or through 44-45 and then a pullback of some sort. Has to break can hold 41 now

06 Jul 2018 10:03 am
46 reached so far and just under the top of the current trading range of about 8 days or so and would need to come back under 43-42 and then hold under 44 in order to reverse the current uptrend although top could be in place at 10 AM timeframe

06 Jul 2018 10:05 am
I am shorting appear with a tight stop just above the high

06 Jul 2018 10:08 am
the 43-42 area needs to be taken out and then hold under 43 area after that, so this could go up to the high again before another pullback in less breakdown first

06 Jul 2018 10:12 am
if a move to or over 47-48 that is turned down should bring in some selling, but if broken then a chance for a pop-up a little above 50 should come down in less this is going to be a trend up day

06 Jul 2018 10:17 am
has to go over 48 and hold 47 or else there could be another decent pullback again from the top of this range so I am selling this with a stop a little above the high

06 Jul 2018 10:18 am
to get a break of the uptrend this needs to break down under 45.50 and hold at a minimum but especially 43 area. It could still grind higher unless 45.50 broken soon

06 Jul 2018 10:19 am
from under 49.50 where my stop is right now for a swing trade entry on half

06 Jul 2018 10:20 am
strong internals again today will have my indicators at overbought extremes along with the VIX reaching an extreme on a daily basis also. If this is not a top and internals get worse or stay the same, more downside due to being overbought and overly

06 Jul 2018 10:23 am
43.50 pullback low so far and so these should go under 43 and hold in order to have a reversal and possibly the start of a decent drop

06 Jul 2018 10:24 am
a bounce from over 43 will need to get back over 46 and hold over that level is set up coming down if broken. It should be good resistance and some pressure should be on holding under that level

06 Jul 2018 10:27 am
43.50-43.00 area important support now and should be broken holding under 46 area much longer.

06 Jul 2018 10:29 am
let the 43 area holding and getting back over 46 can mean a move up to 48 area but should turn right back down or else the ES could make a pop-up over the 50 area before any reversal attempt happens

06 Jul 2018 10:34 am
downturn from 47.75 top of the trading range and reversed and should be a high in place now, and still in a swing trade with 1/2 position (stop at 48.75) and needing a break and hold under 43.50-43 at least to try turning the trend

06 Jul 2018 10:40 am
backed away again but if a higher high over 48 would need to stick otherwise poking over and then coming down through 46.50 after that would be a reversal starting

06 Jul 2018 10:42 am
48-46.75 area should hold now on a dip if this is going to keep going and not go under that area and hold for a reversal attempts. Still needs to be a pullback >4 points to break up side symmetry

06 Jul 2018 10:49 am
ES is going to need to continue holding over 48-47 but getting a bit parabolic right now and should have trouble at the 51.50-52.50 area if there is going to be a pullback of some sort from up here

06 Jul 2018 10:53 am
48.50 pullback low so far and a move back under 48-47 should hold under 48.50 if there is going to be a reversal of this strong uptrend.

06 Jul 2018 10:59 am
a steady and strong grind higher and should keep on going now as long as the 50 area is not broken below and held. 51.50-52.50 should be taken out or else could go back down through 50

06 Jul 2018 11:00 am
so far 51.50-52.50 high at resistance and going under 50 and holding can go down to 48-47 which needs to be the most at 48 area or else things could be changing and backing down instead of study uptrend

06 Jul 2018 11:03 am
this should be a high of some sort at least for a while if this goes under 50 again

06 Jul 2018 11:07 am
48.50-48 should be maximum pullback in order to stay bullish, as both the top of prior range and and 4 point pullback, and needs taken out to have a high and 40 a while

06 Jul 2018 11:12 am
did not expect top of the range to be broken let alone an unexpected strong run-up almost to the last major area today at 57-58 in the case of this kind of melt up action. And almost there already. Should be hard to get through and hold. 62 is next I

06 Jul 2018 11:21 am
straight up to 58.50 and unless the ES comes right back down through 55 area and then holds under that level could make a another push higher still toward 62

06 Jul 2018 11:28 am
uptrend support currently at 56.50-55.50 area and needs to hold or else could be a turned from up here although not go very far unless holding under 56.50 after the pullback

06 Jul 2018 11:39 am
a strong trend up day going and should begin to tire out around 62 area, but if no turn then the 66-68 area is possible if buying frenzy goes parabolic from here

06 Jul 2018 11:41 am
backing away from 62 but right now no damage done to the strong uptrend and nearly parabolic run-up as long as the ES doesn't come back down through 59.50-58.50 area and holds under 60 and turned down after

06 Jul 2018 11:51 am
the VIX has plunged all the way to 13.53, a move over at 13.76 in another red flag for pullback, and 14.20 or more to get a decent sized pullback. Should have across-the-board extremes at today's close, and would be within 1 1/2 days of reversing a h

06 Jul 2018 11:52 am
a reversal bar and if >4 point pullback from the 63.50 high so far at the 59.50 area would be a break of uptrend symmetry and prior little breakout area

06 Jul 2018 11:55 am
should see bounce attempts fail at or under 62 at most if going to come back down to or through 58-57 area for a new support zone possibly

06 Jul 2018 11:59 am
turned down from just under 62 and a high in place holding under that level and not breaking and holding above it

06 Jul 2018 12:00 pm
59.50 pullback low, barely holding the current uptrend support and pullback symmetry so far and unless broken there's still a chance for another move up

06 Jul 2018 12:10 pm
with 59.50 holding it keeps this trend up melt up move going, but looking a bit top-heavy and should see bounces begin to have a hard time holding even if pullbacks continue being bought as soon as they come down a bit again

06 Jul 2018 12:13 pm
small drop to 61.75 quickly turned up, just turned down from 64 making double top yet still needs to go under 60 area and not get turned right back up or still in strong uptrend. If 60-59.50 broken then bounces should begin failing

06 Jul 2018 12:19 pm
I need to be away for a while and probably until around 1:15 if I get tied up with some things needed to be done but will update ASAP if necessary. it's a short up here under the high for me

06 Jul 2018 12:21 pm
knowing where the internal gauges would be on a close here coinciding with this huge run-up being uninterrupted is normally what leads to decent pullback , sharp drops if after a stalling out

06 Jul 2018 12:23 pm
however, might be better to wait until break of 60 or more in order to break a very strong uptrend if not trading with only small position to begin and enough room to add at higher levels in case this goes for new high but not take out 66.50

06 Jul 2018 12:24 pm
probably better to stay with the uptrend unless until a support is broken as this could take time to top out even while the market overbought as it only starts the 1 1/2 day clock ticking until two days close

06 Jul 2018 12:48 pm
in a bounce should be sold now under the high as it should be in place for a move down to or through 59.50

06 Jul 2018 12:56 pm
if the ES does not hold 60-59.50 here then it could keep going to or through the 58-57 prior resistance which should be a pivotal area up here if the 60 area broken through

06 Jul 2018 01:10 pm
this is one very strong market so far if just the 60-59.50 updated support is going to keep holding especially if a double top is made and it holds on a small pullback to around 64-63.50 at the very worst or else go back down to test or break 60.59.5

06 Jul 2018 01:24 pm
topping out again at the 64.25 allowable and a move back under 62 without a decent bounce back gets downsized going

06 Jul 2018 01:31 pm
a move under 62.50 that holds under 63 after that needed to mean enough momentum to turn down and stick. Unless that happens this can keep going through the double tops and make higher highs this afternoon, although one more rejection and then break

06 Jul 2018 01:32 pm
and could be setting up a good short as that has been how the market has acted when it makes the afternoon tops and late day selloffs.

06 Jul 2018 01:41 pm
token higher high at 64.75 could be a pullback from that if going to begin getting sold on token higher highs if a topping action going to begin, instead of steady bid with tiny dips holding

06 Jul 2018 01:43 pm
should be a high in place now with that shakeout, or if there happens to be a token higher high or test of the high it should also fail if topping out up here with the internal indicators going to be overbought and the same with sentiment

06 Jul 2018 01:48 pm
we've had highs at 64.50 and a slightly greater than 4 point pullback turning right up from 60 chart support however, and a high at 64.25 for a tiny pullback and a high at 65 and so far only back down to 62.25, going under that should open the door t

06 Jul 2018 01:50 pm
66.50-68.50 area above the market should not be seen today, that is the next major area above here. Should have a high and already and if not then token higher high sold

06 Jul 2018 01:53 pm
should not go back under 62.25 now in order to stay in good shape and a strong uptrend

06 Jul 2018 01:57 pm
needs to come down through 62.50 at least

06 Jul 2018 02:00 pm
bounce high should be in place and come down eventually to take out 62 area which can get more downside going to the 60 area and possibly through that area if the top was just put in

06 Jul 2018 02:02 pm
it would set up a good short if there's one more bounce back towards the highs again. It should not happen now but another failure at or under the 64-65 area on the ES and under 7122-7123 on the NQ

06 Jul 2018 02:06 pm
62 broken and unless 63-63.50 is taken out soon another push lower to or through 60-59.50 possible next

06 Jul 2018 02:11 pm
quick rejection of 63.50 should keep pressure on the short side unless taken out soon as there was a quick pop-up from 61.75 for a second time and another time down there should go through to tests/break 60 area/key support area

06 Jul 2018 02:19 pm
so far there has only been just a 3.25 point pullback from the high of the day on the ES, and can still go to 61-60.50 or more on this leg down

06 Jul 2018 02:23 pm
61.75 key support now

06 Jul 2018 02:25 pm
probably will take 61.75 out holding under 63.50 which is a key area to clear and then be strong enough to hold around in order to get another run-up of some sort but should also fail

06 Jul 2018 02:30 pm
I think about everyone left around noon as it reached 64 right after noon and after just a pullback to 60 new support has been going sideways in a 5 point range since that time. At the moment this still could break down under 61.75 unless 63-63.50 br

06 Jul 2018 02:32 pm
a move up to 63.50-64.50 area should be sold, especially the 64.50 level if reached but may not be

06 Jul 2018 02:32 pm
probably not if there is going to be a decent pullback

06 Jul 2018 02:35 pm
better chance of a breakdown here then a run-up to take out 63.50, looking for 60 area to be taken out this afternoon holding under 63-63.50 area

06 Jul 2018 02:40 pm
60 target reached so far and would hang onto some of this for a bigger picture short as long as this holds under the 63 area now

06 Jul 2018 02:41 pm
any kind of bounce out should be a short as long as the ES holds under 63-64 area at most. Should hold under 63 actually, and would need to turn up with gusto from 59.50 or else keep on going to war through 58-57 area

06 Jul 2018 02:45 pm
with 60 holding the ES should hold or turned down from 61.50-61.75 area and not much more or else 63-63.50 area what have a chance of be reached

06 Jul 2018 02:50 pm
this is such a small range today that it's hard to give any kind of solid dynamic resistance or support – right now it's just basically 62 for a bounce resistance to hold at or under

06 Jul 2018 02:51 pm
key area at 63 and 60

06 Jul 2018 02:53 pm
best to keep an eye on the Dow cash, which is not yet very strong coming off of its breakdown area and should help keep ES down. Even though the NQ near its high in a sideways move also

06 Jul 2018 03:01 pm
we have highs at 64.50 and 65 and could be another around 64-65, and if so and just a small pullback, on up to the 66.50-68 area which was a target on 60 minute pattern and also prior high/breakdown area for resistance

06 Jul 2018 03:05 pm
good bottom in at 60 area which should hold the rest of the day if the market is going to stay strong into the end of the day and possibly into Monday some time before things get stretched on the upside. But going with momentum and trend until a reve

06 Jul 2018 03:14 pm
as long as 63 holds the ES will avoid another push lower and possibly get back to a new high. anyhow should be sellers just above or here if this stalls much longer

06 Jul 2018 03:21 pm
another top at 65 reversed and unless this is going to take that out and go up to 66.50-68 before backing away then that should turn out to be a top and this sounds should fail

06 Jul 2018 03:22 pm
by the way that the market has acted today though, with the bottoms holding 3 times and twice in the afternoon and all pullbacks being bought this could get up to 66.50-68 area before backing away but just needs a pop through 65 with a little follow-

06 Jul 2018 03:28 pm
66.50-68 area just missed so far but should be poked into at least and then a pullback should hold the 65-64 prior high area on a dip if it's going to keep going and not reverse from up here

06 Jul 2018 03:31 pm
okay, now that it's this late in the day and only a drop could make the internals turn along with the VIX, very tempting to enter partial short, and only if this goes under 62.50 low in the last 60 minutes (so far) end of day.

06 Jul 2018 03:32 pm
or, if it keeps grinding higher and looks like it's going to close on its high for the third day in a row. It probably won't, and won't be surprised if the high was just made 1 tick under the 66.50-68 zone, if not then another pop-up to that area sho

06 Jul 2018 03:35 pm
I am going to be shorting up here and keeping part on over the weekend, should not go back up and take out the 66.50-68 area today anyhow

06 Jul 2018 03:36 pm
have a great weekend!

06 Jul 2018 03:38 pm
you can expect any kind of bounce to fail now at or under the high, if going back to the way the market was acting then this could end up being a 15-20 point pullback or more

06 Jul 2018 03:47 pm
this could end up closing at or under the 58-57 area, and if so it would also be a negative coming into Monday

06 Jul 2018 03:48 pm
from here any kind of bounce should stop at or under 60-60.50. That's all. Have a nice weekend!

 

INTRADAY LOG FOR MONDAY - JULY 2, 2018

02 Jul 2018 09:14 am
Good morning. with the holiday being in the middle of the week I'm not going to have any training sessions this week. all updates will be here

02 Jul 2018 09:19 am
second is that I'm going to cover shorts on the gap down open, although 19-20 could be could be an important area to get above and hold above if reached.

02 Jul 2018 09:20 am
I will update a little bit after the open but look to sell into any strength under 2707-2708 prior support

02 Jul 2018 09:30 am
must have a good bounce from the 2700 area or else heading down to or through last week's low at 93.50 area or more. The VIX reversed Friday and up 9.5%

02 Jul 2018 09:35 am
2700.50 touched and turned up and needs to at least go through 2704 and hold or else go back down to or through that area. If 2704 broken 2707-2708 prior support a new minor resistance to clear and hold

02 Jul 2018 09:38 am
need to break and hold under 2706 or above 2707 and stick

02 Jul 2018 09:40 am
gap down open turning up from 2701-2700 major resistance and should hold on a pullback as long as it doesn't go under 2706 and not get turned right back up again. It's not going to go real far before getting sold

02 Jul 2018 09:42 am
could be a high and four of that now and especially going under 2704 without turning right back up. Bounces are not going to stick

02 Jul 2018 09:44 am
2704-2703.25 pivotal as a move under that area could mean a top and and test or break 2701-2700 and then could go all the way to 94 area

02 Jul 2018 09:47 am
needs to go up and take out 2706 and hold 2704 after, and then go to war through the high where it should be sold again

02 Jul 2018 09:51 am
could be a move to or through support but it's been bought twice down here. I am covering swing trade shorts from over the weekend and will look for reentry on any swing trade if a decent bounce.

02 Jul 2018 09:53 am
ES bounce from 2702 and 2703 and now must take out 2707-2708 and hold around 2707-2706 and turned up or else back down to test or break the low

02 Jul 2018 09:55 am
pullback close at 2702 and 2703 and 2703.50 that should be broken through holding under 2707 new resistance

02 Jul 2018 10:00 am
should have a low in place in a pullback should hold 2706.50 if it's going to keep going and not have a pullback come down to or through 2704 area

02 Jul 2018 10:03 am
12.50-13.50 resistance

02 Jul 2018 10:05 am
pullback needs to hold around 10 and if broken then 2708-2707 key support now, should not take out 2708 and not turn right back up if reached.

02 Jul 2018 10:09 am
must turned up from 2708 area or else top could be in for a bit. A good bounce back over 2712.50 should mean and uptrend trying to continue

02 Jul 2018 10:13 am
2706 or lower on a break under 2708 not quickly turned up in could go more than that on the downside

02 Jul 2018 10:18 am
bounce attempt should fail at or under 2707.50-2708.50 I am selling and a break down to 2704 or more possible unless 2709.50-2710 area broken

02 Jul 2018 10:21 am
2708 bounce high sold and need to come down through 2706 soon or else a chance of attempt of 2710 area. Scalping out of 1/2 at 2706 and stop at breakeven

02 Jul 2018 10:25 am
pop-up from 2706 target /minor support and middle of range touched and 2708 touched again and a move under 2706 down to 2704 or more needed to get a move back towards the lows otherwise bounce to 2710 or higher

02 Jul 2018 10:26 am
at the moment the market will stay out of trouble as long as the 2707-2706 area holds, although may not go very far before polling back again

02 Jul 2018 10:32 am
should test or barely take out 12.50 and gets turned away then 2709.50-2708.50 major to hold or else bigger pullback could occur

02 Jul 2018 10:37 am
a gap down open turning up from the 2701-2700 major#2 support and then above that at 2704 and turned up and trying to get through 12.50-13.50 updated resistance earlier and if rejected then needs to hold 2707 or else potential breaking down. Could be

02 Jul 2018 10:38 am
bounce from 2710.50 if going to avoid a breakdown

02 Jul 2018 10:46 am
should continue grinding higher holding over 9-18 EMA on the 1 minute chart as dynamic support currently around 13-12.50 now. 14.50-16 area high area at the moment and needs to take out 14.50 and hold for tiny turn at least, has to take out 16 and th

02 Jul 2018 10:51 am
so far the high for the day was at the major early support (potential new resistance) at 16-14.50 area and rejected, and if a top then pullback could go to 10 and possibly 2708, will need to hold 2706

02 Jul 2018 10:54 am
should get more downside holding under 2714 right now, a move back under 12 could go to or through 10 area

02 Jul 2018 11:01 am
with 11.25 holding and quickly turning up to the 16 high again and could make it to the 20.50 area and fill the gap if this continues and should be a target on the upside

02 Jul 2018 11:02 am
19.50-20.50 area

02 Jul 2018 11:04 am
16 should hold now to get up to 20.50

02 Jul 2018 11:09 am
if a move down to 14 or more than a high could be in place and all bounces begin to fail and there could be some pressure put on on a break and then hold under 16

02 Jul 2018 11:11 am
even if a bounce from 14 the bounce should fail holding under 16.50 now will keep pressure on

02 Jul 2018 11:12 am
I am short with us stop just above and looking for a test or break under 12. Any Kino pop-up would need to get back over 16/hold

02 Jul 2018 11:14 am
keep an eye on the Dow cash as it has a similar pattern but more important turns on that chart and near its 24,180-178 breakdown area with ES near its 12 potential breakdown area

02 Jul 2018 11:14 am
more of a pivotal area of than a breakdown area, but could keep going to or through 10 or more

02 Jul 2018 11:18 am
if this keeps going through 10.25 area and not turn up then pullback symmetry would also be breaking and make it even more likely bounces fail – they will most likely anyway

02 Jul 2018 11:20 am
pressure stays on the downside holding under 12.50 at the moment to or through 10.25 current pivotal area

02 Jul 2018 11:25 am
should begin to roll over from under 14 if this bounce from the 10 area is going to be broken through. So far 10.50 keeps symmetry in tact and also just under prior swing low. Need to take out 14 or fail

02 Jul 2018 11:30 am
ES will need to get going soon otherwise breaks pullback through 10.25-09.50 area breaks symmetry and also 50% retrace area from the morning low to the bounce high and keep going back towards the low possible

02 Jul 2018 11:32 am
rejected at 13.50 and under the 14 resistance and just about to take out the 10.25 level in any bounce should be sold at or under 12.50-13 on the way to or through 2706 or more

02 Jul 2018 11:33 am
2708-2707, must hold over 2706

02 Jul 2018 11:39 am
so far holding just over 2708 at 2708.75 and unless 2808 is reached soon and 2712-2713 is reached instead it should be sold in order to keep this from one more test of the highs or lower high

02 Jul 2018 11:43 am
back down to the 2708-2707 area and going much under 2708 should make it hard to have another bounce but could just keep going to tests the 2604 area for more and set of bouncing

02 Jul 2018 11:44 am
2708 so far and 2710 needs broken and then held on a dip or else keep going lower

02 Jul 2018 11:50 am
2709.75 bounce high so far and a move back over 10.25 and hold needed for downtrend continues to go under 2708 24 through 2706 next

02 Jul 2018 11:52 am
with 2708 holding twice down here that support should continue holding if 2710.25 is taken out, and if not then back down to earth through 2706 possible. If taken out above 10.25 then 12.50 area possible

02 Jul 2018 11:56 am
a chance that could be an important pullback low at 2708, and if broken then we could go to 2706 or 2704 likely. 2712-12.50 bounce resistance to get through, then the 14 area would be next

02 Jul 2018 12:01 pm
backing away from a bounce to the 12 level and unless broken and held soon this will come back down to or through 2708 and test or break 2706 and possibly 2704 area or lower

02 Jul 2018 12:02 pm
it would need to go over 12 and stick and keep going over 14 in order to attempt turning around that will not stick if it does

02 Jul 2018 12:08 pm
bounces should continue failing the way this is acting and should not get back over 12 again if it's going to keep going to test or break 2704 and then 2702 and then the 2700.50 low of the day at a short term major pullback support

02 Jul 2018 12:15 pm
failure to get back over 2708 area and unless broken and held pressure to the 2706 and 2704 and then the 2700 areas

02 Jul 2018 12:16 pm
even the smallest of bounces being sold now and should continue pressing lower

02 Jul 2018 12:17 pm
it would take a move back over 2708 but more important 2712 in order to attempt any kind of reversal, but would be sold at a bit higher prices even if that happens it looks. probably not going to get a decent bounce

02 Jul 2018 12:28 pm
I will be away until around 1:20 but will update if/when free and it's necessary. The ES bounced off of 2705.00 and right in the middle of the 2706 and 2704 levels given and with another filled bounce attempt at 2708.50 so far this move must take out

02 Jul 2018 12:28 pm
otherwise it should come back up to or through 2708.50 but then 2712 area good resistance if reached

02 Jul 2018 01:01 pm
ES so far stopped 1 tick under 12 resistance and is a backing away a bit and needs to have a good bounce from 2709-2708.50 in order to avoid further pullback to test or break 2706 area just below

02 Jul 2018 01:10 pm
with this "slinky" kind of pattern with the bounce stalling and rolling over from just under 12 is almost to 2706 and if broken my have a shot at 2704 next and if that is also taken out, and 2702 shows no sign of a turned then look for 2700 to be bro

02 Jul 2018 01:18 pm
2704 target/support holding so far and taking out 16-16.50 needed in order to attempt a turnaround and not go back down to or through 2704 area

02 Jul 2018 01:28 pm
not much of a bounce from the 2704 updated support/target and unless the ES gets back over 2706.50 and sticks were going back to test or break 2704

02 Jul 2018 01:34 pm
looking like 2704 holding for a third time may have a shot at 2708-2708.50 but probably not back up to the 12th-12.50 area unless going to have a decent run on the upside instead

02 Jul 2018 01:41 pm
2708.50 so far and should hold no lower than 2707-2706.50 at the most and turning up this going to continue a bounce to or through the 12 area

02 Jul 2018 01:48 pm
should keep pushing higher after a pullback from the 12.50 area or higher if a pullback can hold and turned up from around the 2710 area now at worst

02 Jul 2018 01:53 pm
should pullback soon and would need to hold and bounce from the 12.50-12 area if there is a pullback before getting up to the 16 area or higher

02 Jul 2018 01:59 pm
finally beginning to see the VIX come down some after spiking up to 17.98 on the open and going sideways until turning down with prices turning up at 1:35 PM. An upturn on the VIX from here starts a pullback at this area

02 Jul 2018 02:04 pm
should continue holding over 12.50 if going to go up to test on the pullback that should be coming and bounce right back up or else could be a breakdown again from just about 4 points under the high this time. If held then could still go to tests 16.

02 Jul 2018 02:07 pm
grinding higher again and holding the EMA's on the 1 minute chart still and strong uptrend could start a sideways or lower move if broken– currently around 14.50 at worst

02 Jul 2018 02:09 pm
rejection of 17.50 so far and another pop-up should fail at that area for just a bit above and if a top then should take out 13 area without getting turned right back up from 12.50-12

02 Jul 2018 02:16 pm
being bid up after every pullback so far up to 18.25 so far and just a bit under 20.50 level to fill the gap

02 Jul 2018 02:18 pm
reversal from 18.75 just under early high at 19 after a 15 point pullback from that bounce high after the gap down resistance at major support had a bounce. Should keep going to or through 20.50 area

02 Jul 2018 02:21 pm
can pullback from 20 but if 17-16.50 at most is not broken then there's still a chance for the 20.50 token higher high and fill the gap a possibility

02 Jul 2018 02:27 pm
a high at 20 and this bounce reached 19.75 and backing away just a tiny bit so far and would need to go down through at least 17 area and especially 15 in order to have another pullback test or break 12.50-12 area again

02 Jul 2018 02:30 pm
only a tiny pullback again so far and should get to 20.50 or more on this move, and 21.50 is Friday's close to go for above that before any kind of move towards 24 next

02 Jul 2018 02:32 pm
reversal area is around 22.50-23.50 There is going to be one, there should be a pullback of some sort if even just another tiny one if they move up there stalls or shows some rejection

02 Jul 2018 02:35 pm
that should be a top for a while if this pullback does not turn up soon from 19 at the lowest

02 Jul 2018 02:41 pm
the VIX is getting very close to an intraday extreme and also possibly an extreme on a daily chart. if the ES goes back under 15.91 low today and then it turns up again, it's a red flag.

02 Jul 2018 02:42 pm
but that isn't going to happen unless the ES goes up over today's highs by several points at least, which is doubtful. Should have a high in at least for a while right now and especially taking out 17. a chance of a move back to test or break 15-14 I

02 Jul 2018 02:47 pm
holding under 18.50-19.50 probably needed to go down to or through 18-17 area or more. A move back over 19.50 could start another move towards the highs

02 Jul 2018 02:52 pm
there might be one more little run-up if the 17 area keeps holding, and if so it would be sold so any kind of pop-up should set up a good shorting opportunity with a stop a little bit over the high, as a bounce should make a lower high to get a top u

02 Jul 2018 02:52 pm
There may not even be a bounce, just hold under 18.50-19 keeps pressure on right now

02 Jul 2018 02:58 pm
pullback almost to the 15 area where it needs to have a good bounce or else continue towards 12.50-12 or lower again

02 Jul 2018 03:01 pm
could bounce a bit from 16-14.50 area again but it looks like now about any kind of bounce should be sold again probably at or below 18-18.50 if the market is still week and going to stay in a bigger downtrend

02 Jul 2018 03:03 pm
market has gotten a little bit overly exuberant on its rebound and as normal lately both decent bounces have been sold so far. 15 point pullback turned up at 1:30 and a 15.75 point run-up reversed and now needs a good bounce from 15 or could be break

02 Jul 2018 03:07 pm
16-14.50 area broken and now holding under 16-17 will keep pressure on for this to go down to or through 12.50 area and must hold and bounce from that area to avoid late day drop or pullback

02 Jul 2018 03:12 pm
need a move over 15.50-16.50 and not go over 18-18.50 if going to have a late day pullback rather than going to 18-18.50 and holding and turning up after a small pullback instead

02 Jul 2018 03:14 pm
not quite to 18 and backed away and unless that is taken out and able to hold then the market is still vulnerable for a late day pullback through 14 instead

02 Jul 2018 03:17 pm
18 rejected and taking out 16.50 should mean that say hi for a while if not another pop-up will also be sold but probably harder

02 Jul 2018 03:22 pm
tiny pullback from 2708 quickly turned up that 2706 again, and could go through that area and test or break through the 19 level and then began polling back again

02 Jul 2018 03:24 pm
19.25 rejected and unable to hold over the 19 -20 area is going to keep this bearish, but in case that area is taken out and held there could be a run-up to the highs at 22 so far in a chance of going a bit above that area before a pullback

02 Jul 2018 03:31 pm
in the last 30 minutes of trading today that ES needs to break its double top at the 22 area and hold over 21-20 area after and turned up again in order to avoid a pullback of some sort which could be underway now

02 Jul 2018 03:32 pm
due to the holiday we are not going to have a live session this week. They will return next week with a regular week of trading. Have a great rest of your day!

 

INTRADAY LOG FOR FRIDAY - JUNE 29, 2018

29 Jun 2018 09:18 am
running late, w/ u after open

29 Jun 2018 09:28 am
Good morning. This is going to open around the 29.50-30.50 area and is kind of pivotal up here and is likely going to pullback to test 26 and fill the gap

29 Jun 2018 09:33 am
backing away from 29.50-30.50 a little bit and needs to go over and hold over to avoid early pullback

29 Jun 2018 09:35 am
bad eyesight, that is those support at 29.50 that must hold or fill the gap. 72 area holds it can keep going up to 3637 possible

29 Jun 2018 09:38 am
need to hold 31.50 area and bounce or else come down to work through 30.50-29.50 major area to hold to avoid breaking and holding under or could be reversing

29 Jun 2018 09:41 am
36-37 area being tested and a move over that area should need to hold or else going back under 32 and not bouncing up to the highs could be breaking down to or through 30.50-29.50

29 Jun 2018 09:42 am
a move under 36 that holds needed to start any pullbacks right now

29 Jun 2018 09:45 am
quickly turned up from 35.25 and pops up to 38.50 and still needs to go under 36 and hold that should be topping out soon up here

29 Jun 2018 09:46 am
or at least polling back to test or break 35.50-35

29 Jun 2018 09:48 am
so far reach 35.75 but should come down to or through 34 area

29 Jun 2018 09:49 am
35-34 a key area to hold and run up again but needs to go over 38.50 and hold 37 area in order to keep going and not top out up here

29 Jun 2018 09:55 am
bounce from 35-34 must continue holding but getting above 38.50 and holding should be hard to do and a 123 top could be made if a pop-up sold reversed around 38 or lower

29 Jun 2018 09:57 am
should be breaking down through 35 five and 34 seven if not taking out 37

29 Jun 2018 10:01 am
still holding 35-34 keeping this from a breakdown at the moment although outside very limited right now on the ES unless 38 broken and 37 held and turned up after broken on this run-up not rejected

29 Jun 2018 10:04 am
bouncing off of 35 and breaking 38 and so far holding 37 gives this a chance at the 41.50-42.50 area and last could resistance until getting close to the 48 high. The VIX plunge into 15.05, a move under 15 that turns up a red flag

29 Jun 2018 10:06 am
although it's very close as it is, 15.05 and got going up fast after going over 15.03 Wednesday morning from the 14.76 low. Going to start seeing bounces fail

29 Jun 2018 10:11 am
need to continue holding 37.50 area or else come back down to or through 36. should be a high in place for a while

29 Jun 2018 10:13 am
35-34 must not be broken or else top definitely in place for a while with a tiny 123 top can see on a 1 minute chart

29 Jun 2018 10:15 am
a kind of bounce can be sold and you will get them back. Just have a stop above the high in case a bounce from 34 has enough gusto to get back to the high which isn't likely

29 Jun 2018 10:18 am
bounce from 35-34 needs to take out 37-37.50 without turning right back down or else to or through 34.25 pullback low at updated support

29 Jun 2018 10:20 am
37.25 bounce high at 37-37.50 updated resistance at the moment and needs to hold under 37.50 and come down to 34 A top is going to be made and not make another move towards 40 or more and then turned down

29 Jun 2018 10:27 am
with 37-37.50 broken this will need too make a higher high without turning down or else breakdown can be starting from bounce high 38 area

29 Jun 2018 10:29 am
it is going to begin to get hard holding onto gains of here so sell bounces

29 Jun 2018 10:30 am
forget short if another bounce stops again under 38.50 or be short under that level

29 Jun 2018 10:32 am
back to the 35-34 support which needs to keep holding in order to get another pop-up which should fail even if 38.50 is taken out, which should be hard to do and hold for very long unless there is one more good leg up before reversed under 48

29 Jun 2018 10:34 am
another pullback to the 35 level or just above should be bought now in order to keep the uptrend from breaking however 41.50-42.50 should be hard to break and hold very long if it is broken, thou 40 area would be important if that happens in seven of

29 Jun 2018 10:43 am
if this does not turned back down after going over 40 it can pop up to or through 41.50-42.50 before any kind of turn up here, otherwise will need to at least break 37.50 for a possible reversal

29 Jun 2018 10:47 am
41.50-42.50 should be hard to get through and hold on this first try and needs to hold the 40 level in order to keep upside pressure on to test or break that area and not come back down to or through 37.50 which would mean a bounce should fail and 35

29 Jun 2018 10:54 am
choppy but steady uptrend made it to the 41.50-42.53 resistance and should be hard to break and hold and going under 40 needs to pop right back up again or else could begin to top or see all these new highs being sold

29 Jun 2018 10:56 am
40.50-39.50 is now he uptrend support before the 35-34 area now and will keep on moving higher holding at or above 42

29 Jun 2018 11:03 am
tiny pullback held 42.50 and popped up to test the high and reversed and beginning to get to a place where bounces are not going to stick and risk versus reward on the long side falling quickly

29 Jun 2018 11:08 am
with internals strong and the VIX dropping under 14.76 Wednesday low (coinciding with 48 top) by indicators are starting to get a little bit stretched short-term on the upside – except oversold RBI oscillator just coming off oversold extreme not cl

29 Jun 2018 11:14 am
this gap up day has been acting as a trend up day except now the new highs will be sold, and one of them could get momentum and break the uptrend. At the moment needs to hold 42.50-41.50 prior resistance area

29 Jun 2018 11:15 am
it be sold the token higher high as I said the new highs would be sold then on this one you might want to hang onto part if the 42-41 area broken – should mean a high in place for at least next pop-up sold again although may not be a new high

29 Jun 2018 11:21 am
42-41 area tested and needs to go up and make another higher high which would be sold again and then only a small pullback after that or else another pullback would likely take out that updated support

29 Jun 2018 11:23 am
in any case, this is getting top-heavy and even though 42-41 held so far it should be sold back down to or through 42-41 especially if 44 is not taken out/held soon

29 Jun 2018 11:24 am
right now it is a short under 44 and if broken then a token higher high should be sold instead

29 Jun 2018 11:27 am
42.50-41.50 prior resistance area is now key support and taking out 44 can mean a test of the high and possibly token higher high that will be sold again

29 Jun 2018 11:28 am
right now there should be support on a pullback to hold at the 42-41 area and then down at 35-34 area, which should not be seen again unless the move has reversed and broken down from its high. Making another higher high easy

29 Jun 2018 11:29 am
44 was taken out by 1 tick and should still be a short up here holding under that level for a possible break of 42-41

29 Jun 2018 11:35 am
the VIX reached 14.66 and 14.56 a short term major extreme to help keep the market down. The VIX would need to go down under 14.56 and and not reverse or it just marked a top with prices as it has done quite a bit lately. Bounce resistance at 42.50-

29 Jun 2018 11:39 am
even though only a small pullback so far the pop-up's are being sold into on this move and should have another leg down to test or take out 40 if unable to get over 40.50

29 Jun 2018 11:39 am
42.50

29 Jun 2018 11:43 am
getting bid back up a bit from 40 and should hold under 42.50-43 and back down again if there is going to be better pullback in set of another move towards the high area

29 Jun 2018 11:50 am
there was a good uptrend starting from the 35 updated support around 10:30 last about 40 minutes until a reversal bar at 11:10 from 45.50 and made highs at 44.25 and 43.50 about a minute ago – going back down to 40.50 which needs to hold if going f

29 Jun 2018 11:52 am
averages have black and out and look like tops could be made already and the ES keeps failing at or just under 43.50-44.25 and should keep going lower to or through 40 before a bounce attempts possible

29 Jun 2018 11:53 am
it looks like we are at or very close to the areas where we can sell and have only risk being holiday next week, but upside should be limited from here with internals etc. the way they are now

29 Jun 2018 11:54 am
along with this price action and the market unable to hold gains after another decent run up like after last Tuesday

29 Jun 2018 11:56 am
if you got a message late yesterday to be short something possibly add at higher prices, I must have missed giving you a good second entry, but another bounce will be sold so 40 area should be a new resistance area

29 Jun 2018 12:00 pm
45.50 high for the day so far also leaves a 123 top on the chart, and there is a gap to fill at some time soon down between 29.50 and 25.25

29 Jun 2018 12:08 pm
so far this bouncemade it back to 40.25 and shouldn't go much further or else could go back up towards the high area again

29 Jun 2018 12:10 pm
just took off again after sending last note, and another pullback is likely going to hold again around that area, however another run-up to a new high should either be rejected or else stall out before coming back down for a pullback of some sort, b

29 Jun 2018 12:19 pm
so far we have the lower highs to break above without turning right back down so the ES needs to take out 42.75 then 43.50 and then 45.50 going almost straight up in order to try for the weekly high at 48.

29 Jun 2018 12:26 pm
well hold August SPY put options, as the last time I was a day early like this week ended up getting the top in the afternoon the day after and then collapsed. preholiday fireworks have unraveled in the past I remember a number of times

29 Jun 2018 12:30 pm
but will be covering the addition today under 44 a small profit and go to smaller position so can add after the holiday but at least still have partial position on

29 Jun 2018 12:32 pm
I need to make a few phone calls so will be away until around 1:15-1:20 however I will update ASAP if necessary and I am freed up. At the moment bounces should still be sold as they are not going to stick, even if the pullbacks come to support and ho

29 Jun 2018 12:33 pm
even if the pullbacks come to support and hold there are odds of a better breakdown then further breakout on the upside at the moment

29 Jun 2018 12:33 pm
and with this bounce also failing at 43 along with 43 and 43.50 and 44.25, there is good resistance up there that should not be broken and held and still day trade shorts under that area

29 Jun 2018 12:38 pm
this could be sold in here at 39-39.50 as holding under 40-41 right now keeps some downside pressure on for further breakdown possibility. Back in a bit

29 Jun 2018 12:55 pm
just back and see this is breaking down further from the 40 level and stays under pressure and could begin to break down if this keeps going through 34.50-34 area now

29 Jun 2018 12:57 pm
this 35-34 area I stated earlier would be major for this afternoon and needs to be a good strong bounce otherwise or even thenit should be sold again as this has shown signs of a top at the highs with internals and the VIX also

29 Jun 2018 01:01 pm
a 123 top in place at 48.00-45.50, then pop-ups failing at 44.25 then 43.50 then 43 before coming down to the 35-34 major area to hold this afternoon in order to avoid potential break down. This bounce should fail at or under 38.50-39.25 area

29 Jun 2018 01:27 pm
the bounce from 34.75 updated support through the 38 area and on up to 41.25 and again a lower high and a chance to come back to 35-34 area again holding under 41 now and going under 38 without a quick reversal up

29 Jun 2018 01:43 pm
with the pullback turning up at 37 it needs to keep going over 41 and then 43 and out and 43.50 with barely a pullback, but should be hard to do and sellers around the highs again and then covering on pullbacks to support or higher due to how slow it

29 Jun 2018 01:47 pm
so let 41 again and holding under 43-43.50 area keeps this in the sideways range between mostly 43-44 on top and 35-34 on bottom

29 Jun 2018 01:49 pm
another failure at 41 if this does not turn right back up from 39 area

29 Jun 2018 01:50 pm
should be a high there and a short with a tight stop just above 41 right now in case of a pop-up to or through 43 and only a tiny pullback instead of something more like previous ones

29 Jun 2018 01:52 pm
if they do go over 41.25 again it needs to stay above 40 if it's going to have a shot at going above 43.50 and possibly higher before turning down again

29 Jun 2018 01:55 pm
still holding under 41 and should get going on the downside going at least two or through 39-38 and possibly 37 area again if it's going to hold the 45-44 major area for now

29 Jun 2018 01:56 pm
with this being two-sided action and mostly for scalp trades a short taken earlier with the stop over 41 should be covered at 38 or better on part at least

29 Jun 2018 01:56 pm
or trail a stop which could be at 39.50 at highest now

29 Jun 2018 01:58 pm
last low around 37 stalled and gave that bounce back to 41.25 quickly reverse 2 times, these broken and then keep going through 35-34 otherwise stay range bound instead of breakdown

29 Jun 2018 02:01 pm
the way the market has been acting with bounce is not sticking we should see this card back down by continuously holding under 41. The VIX went from 14.66 at 11:25 AM up to 15.40 at around 1 PM, and nudging higher which is bearish and could be gettin

29 Jun 2018 02:01 pm
getting to 39 and turning down can give a decent reversal and that may have just started

29 Jun 2018 02:05 pm
the market has been going sideways and now it's between basically 41 and 37 and going under 37 without turning up could keep on moving to or through 35-34 and if it goes through then could be coming down to fill a gap left from the open this morning

29 Jun 2018 02:07 pm
if the market does not breakdown at the end of the day and closes fairly strong, it only sets up another shorting opportunity, but for day trades already entered at a decent place for a scalp trade profits taken on part and should keep stop at 39.50

29 Jun 2018 02:08 pm
on other part of day trade position. Needs to break down soon or else pop-up could go towards that area before another failure. Needs to hold under 40 area now to keep pressure on

29 Jun 2018 02:16 pm
could be a drop down to the 32-31 area and if it gets that far then there could be a major breakdown if the 29.50 low is broken to 25.25 high from yesterday. We will see, 35-34 bottom of this range needs taken out on this move pretty soon

29 Jun 2018 02:18 pm
that is a target to trade to as long as they hold under 39 level now. Needs to be broken above and not turned right back down again to take pressure off for a bit

29 Jun 2018 02:23 pm
there was a 3.75 point move from 35.50 241.75, a 4.25 point drop from 44.25 point bounce high, a pop-up turned down at 43.50 and a 7 point drop, bounce to 43.00 dropped 8.25 points to 34.75. Bounce failed at 41.25, 4.25 point drop.

29 Jun 2018 02:25 pm
Another pop sold at 41.25 and 5.25 point drop so far. this bounce from just above support probably should hold under 39 to keep downside otherwise another 4-7 point pullback from a bounce high it appears

29 Jun 2018 02:26 pm
especially if the ES should happen to make it back up to 40-41 and be rejected or a stall for another little 123 top on the 1 minute chart. Right now being sold under 38 keeps pressure on

29 Jun 2018 02:30 pm
timeframe for a low and bounce attempt but certainly not showing that wants to do any more than attempt to get going, but may not if doesn'trun up soondoesn't take out at least 38 soon. Stays bearish under that

29 Jun 2018 02:33 pm
ES would need to at least get back over 38 and then hold around 37 on a dip in up again just to try getting a move higher going. Not likely the way it's acting. Stay short and 38.25 stop right now at the highest. Well reenter higher up if it's broken

29 Jun 2018 02:34 pm
just look for a target for exit on a pullback to or through 36-35 area. Could be a low or possible further breakdown area

29 Jun 2018 02:39 pm
the bigger picture intraday major resistance would still be 41.50-43 area, but 38 before that should not be seen now as further breakdown and heading to 34 and probably the 31 level and if broken take out 29.50. Needs to take out35-34 area and the fi

29 Jun 2018 02:41 pm
we had it ideal set up earlier for a high with the tops around 41-43 mostly, and the VIX dropping to and overly bullish extreme already and reversing. Should be heading down to fill the gap so stay short heading down to take out 31 area at least

29 Jun 2018 02:43 pm
at least that's how it is looking right now. Need to continue holding under 35.50-36.50 area in order to keep selling pressure on. A move back over 37-38 that sticks instead of reversing needed to turn back up into the range. Watch for sellers around

29 Jun 2018 02:48 pm
37 reached, and needs to be taken out and hold 36 on a dip and turned up again or just keep going to or through 37.50-38.50 area. Should have trouble taking out 37.50-38.50 unless heading back towards 40-41

29 Jun 2018 02:54 pm
starting at the 11:10 top the ES has made lower highs and lower lows on the way down, and right now that 37 level is another swing hi and a move over that will need to hold and keep going up through 39 and especially make the 41-42 area where it woul

29 Jun 2018 02:54 pm
Right now though 37 needs broken/held otherwise can come back to tests/break 34 area again

29 Jun 2018 03:00 pm
bounce took out 37-38 and may have a shot at the 41-43 area again with this turning up from 1 tick under 34 updated support

29 Jun 2018 03:02 pm
sideways two-sided action on the last day of the month and of the first half of the year. Beginning to look like it's going to finish the day on an up note, right now just beware of another turn on a stall or rejection of 41 area or a little bit belo

29 Jun 2018 03:03 pm
actually should turned down from under 41.25 or else will be the first time that an important swing higher high would be made for the first time today

29 Jun 2018 03:06 pm
another one of those good run-up's that stalled out and now beginning to pullback and will need to bounce from around the 38.50 area in order to have a shot at taking out 41.25 or more and set of baiter pullback possibly towards the lows again

29 Jun 2018 03:08 pm
we have been going back and forth inside of this range so "buy low and sell high" or "sell high and buy low" once again in this case.

29 Jun 2018 03:09 pm
this pullback should go past 38 or else it could keep on coming down through 37 which would not be good as that has been some trouble most of the day when that's happened, has been follow-through today

29 Jun 2018 03:11 pm
someone who really wants to be long this market would be buying this dip, but if this keeps going to pour through 37 then it will be hard to recover from another time and could just keep going down to work through this 34 area and could just keep on

29 Jun 2018 03:17 pm
there was 2 1/2 minute stall after that run-up began losing momentum then went sideways before rolling over again. Those run-up that stall like that make great entry with tiny risk when you can enter while stalling or just begins to turn. So going fo

29 Jun 2018 03:23 pm
31 area minimum target and going under 29.50 could keep going towards 25.25 possibly if it gets a freefall

29 Jun 2018 03:25 pm
now holding under the 35-36 area should keep pressure on

29 Jun 2018 03:27 pm
bounce resistance now around the 35-36 area and if that is not broken above and able to hold then another leg down and instead of another bounce attempt towards 38 or higher

29 Jun 2018 03:34 pm
bounce resistance at 36 was rejected keeping the pressure on and going under 31 area which is only a minor area as a it is half way back from last hour low around 16.50 up to today's high. Chart support a bit lower that should go to or through starti

29 Jun 2018 03:35 pm
should finish with a move down under 29.50 area the way this is acting and a shot at going to the 25.25 area if 29.50 is broken through and not quickly turned up so stay with the short side under 36 area at highest

29 Jun 2018 03:40 pm
even though all of the indices are in the green today with good-sized gains, selling the bounces was the best trading opportunities as there was at least 5 failures up at higher levels before breaking down and so far selling off 14.50 points reachin

29 Jun 2018 03:41 pm
in the last 20 minutes of the month and week look for the market to keep pushing lower as it would need to go back over the 34-35 area and close above that. Have a great weekend!

29 Jun 2018 03:50 pm
low at 28 on a quick spike down, bounce should fail under 34-35 and go back down and possibly test 25.25 area – but pressure so on under 32.50 right now. Take care!

29 Jun 2018 03:50 pm
Also still stay at least partially short, there were some really good opportunities today selling bounces. Take care!

29 Jun 2018 03:52 pm
that was stated earlier. In hindsight, doggone it on doing more than scalping out of the reentry. And then forgetting to tell you to add again but did continue telling you to short. With this going under yesterdays high and a reversal day, still a ve

 

INTRADAY LOG FOR THURSDAY - JUNE 28, 2018

HOW OUR TRADING DAY WENT: Today we had a number of good set up by the numbers. Tonight I did a video recap, CLICK HERE TO WATCH!

28 Jun 2018 08:30 am
the bounce came from just above support and it tested 2711 symmetry resistance, has to go over 2711 and then 12.50 or else not out of the woods at the end of the day and still could have another move towards its lows breaking under 2708 and again wit

28 Jun 2018 09:05 am
Good morning. the ES looks like it's going to have a gap down open and in the 2690s which I thought would be seen yesterday or today sometime, and expects a bounce to fail. Probably needs to bounce better than 12-15 points and stick

28 Jun 2018 09:11 am
2705-07 R

Tuesdays, Wednesdays, and Thursdays from 9:30am-11:30pm 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 Jun 2018 11:43 am
the ES made a bottom at 2693.50 and quickly turned back up after a brief poke under the 94 support and then after getting back above 2701 and holding just rallied up to the initial resistance and is backing away and needs to hold 2708 on a pullback a

28 Jun 2018 11:46 am
tiny double top of some sort possible and can come down to or through 2708--07 area

28 Jun 2018 11:47 am
or more, possibly testing or breaking 2704 around 50% retracement

28 Jun 2018 11:55 am
2707.25 reach so far however it appears to have a high in place for a while and should keep coming down to or through 2706 and maybe 2704-2703 on this leg down

28 Jun 2018 11:56 am
should be sold down to or through that area holding under 2708.50 area at the moment

28 Jun 2018 11:58 am
if a move back over that 2708.50 is able to stick then a test of the high or a slightly lower high can set up a reversal pattern otherwise keep on going towards minor area around 17-18 next. They were not over the 13.50 level very long last time up

28 Jun 2018 11:59 am
and a lower high around 12.50-13.50 likely gets sold there or slightly below that area.

28 Jun 2018 12:04 pm
rejection of 11.75 lower high only has a tiny pullback so far but if 2708.50 area – becoming pivotal area up here – broken by much it should be going to test or break 2704.50 area

28 Jun 2018 12:09 pm
the ES only poked above the 12.50-13.50 an initial resistance for a millisecond and stopped on the second attempt with a lower high and should be an important top for this move and 2703-2702 area important pullback support – must hold or bigger bre

28 Jun 2018 12:18 pm
so far has held 2704 updated support which is about halfway back down from bottom to top, and by the way the market has acted lately holding under 2707 she keep pressure on to test or break 2702-2701 and that should be important area to hold if reach

28 Jun 2018 12:18 pm
that should be important area to hold if reached to avoid test or breaking through the lows

28 Jun 2018 12:23 pm
took out 2704.50 and went right down to 2701.50 updated support and likely adding to or through the 2700 area against and would need to have an immediate reversal up from 98 with gusto or else keep going to the lows. Stay short on bounce attempts

28 Jun 2018 12:24 pm
Bounces should still be sold, they are not sticking as usual so be patient and a bounce that

28 Jun 2018 12:47 pm
the ES only had a the bounce stall out and roll over from 2704 and that keeps this bearish ready to go to war through27 98th area

28 Jun 2018 12:49 pm
could go to or through the 2698 area–but needs to hold around 2703.50 Highest and Take out 2700 Soon Otherwise Might Have a Chance That 2706

28 Jun 2018 01:02 pm
the ES easily take out 2706 on the way to 2709.50 so far and needs to hold at or above 2707 area and resistance just above around 2710 and then 12.50-13.50 again

28 Jun 2018 01:05 pm
the second zone should not be easy to get through and if turned down at 12.50-13.50 it could make a 123 kind of top, looks similar as the double top. Right now should pullback from under 2710 this to come down to your through 2708 and 2706 worst-cas

28 Jun 2018 01:09 pm
2710 was rejected and so far pullback to 2707.50 and could keep coming to or through 2706 if that's going to be a good top and that have a chance at 12.50-13.50 on this leg up at least for a while

28 Jun 2018 01:24 pm
ewith the ES holding at 2708.50 and turning up it now is almost to the 12.50-13.50 zone where the ES was only over 13.54 a millisecond earlier, and would need to break and hold and set of rejecting that zone or a top pattern could be made and start d

28 Jun 2018 01:29 pm
holding under 2712 keeping some pressure on up here and I am selling under that area. 2808-2807 major area to hold on decent pullback from up around resistance, but if no sign of a turn, longshot chance at 17-18 minor area not listed

28 Jun 2018 01:30 pm
if they do not go down through at least 2709.50 and hold soon then out of this and look for a breakdown before selling as pullbacks are being bought so far

28 Jun 2018 01:32 pm
backing away again and needs to take out 2709.50 and hold under 2710 after that in order to get a quick move down although it may not stick, has decent pullbacks should be bought or else a bad news day to day. It should be a better move on the upside

28 Jun 2018 01:33 pm
still holding 2709.50 area and will keep it from any kind of pullback in less that is taken out and not get turned right back up again on another pullback from just under resistance

28 Jun 2018 01:37 pm
should be going up to test or break through 12.50-13.50 very soon, otherwise a topping area up here break under 10 by much mean another pop-up should be sold also

28 Jun 2018 01:39 pm
should be a top in place if this takes out 10 and not get turned right back up, which can happen any time the way it is acting up here selling under 12. Beware that it could be a spike that reverses

28 Jun 2018 01:41 pm
this is still a short at or under 11.50

28 Jun 2018 01:45 pm
2709.50 held and popped up to 13.25 lower high so far and backing away, must hold 2709.50 area or higher otherwise another pop-up will be sold and a good short also. 2708-2707 breakdown area

28 Jun 2018 01:48 pm
a kind of pop-up from here would be sold so I am selling at 10.50-11.50 and hanging on as this should not take out the high and hold very long if it does and this to go down to test or break 2708-2707

28 Jun 2018 01:51 pm
123 top was a made turning down at the lower high at 13.25 right away and should continue holding at or below 11 or a chance to go back towards 12.50-13.50 but not stay there long if reached like 2 other times today so far

28 Jun 2018 01:54 pm
14 and break the 2709 otherwise this move higher will continue the way it's looking. Another pullback even from resistance likely will be boughtuntil we get up a bit higher

28 Jun 2018 01:56 pm
a chance at the 17-18 area if 14 or lower is not sold and takes out 2710-2709. Possible top in place if the latter happens

28 Jun 2018 01:59 pm
13.75 double top of sorts at the moment but if 12-11 holds that could be taken out and go up through 14 high and instead of possible breakdown or top if 2708-2707 is reached

28 Jun 2018 02:07 pm
still could be a pullback of some sort however this could still get to the 17-18 area with at least one more little push higher but will need to hold over the 12 area now as new support

28 Jun 2018 02:10 pm
the VIX is in a plunging mode on its 5 minute chart and just went to 17.11 after a top at 18.99, and almost or is to a spot where it should start holding prices down a bit like it has lately

28 Jun 2018 02:13 pm
I think another afternoon high is in place and what could happen would be one more bounce possibly to set up another reversal and sharp or steady pullback would be possible. Must hold and bounce from 12-11 area at worst. Could be bigger breakdown goi

28 Jun 2018 02:17 pm
off of this morning's low there should be an important high in place, and if not then should be if one more move higher occurs and is reversed. It could be tested but should not be broken and able to hold. We could keep the run up going if no lower h

28 Jun 2018 02:21 pm
now top yet as so far 11.50 is holding and keeps this from a reversal and could keep its move higher going possibly to the 17-18 area and longshot of reaching 22-23 in case upside happens to get strong momentum.

28 Jun 2018 02:24 pm
turning into a bit like last Tuesday's rally off of the low, and just made it to the 17 level and not such a long shot for the 22-23 area if this action continues

28 Jun 2018 02:25 pm
pullback from the 17-18 updated resistance needs to hold around 16-15 area now in order to stay very strong and take a shot at the 22-23 area and not reverse instead

28 Jun 2018 02:30 pm
20.50-21 needs to be watched if there is one more pop-up from a small pullback, and intraday dynamic resistance and a tiny bit under 22-23, would make 20.50-23 area as resistance on this move to get through next. Should be heading there if can get ov

28 Jun 2018 02:30 pm
Should be heading there if can get over 18 and then hold 17 area again after that otherwise tiring out and pullback could start

28 Jun 2018 02:37 pm
pullback off of updated resistance at 18 currently holding at 15.75 and will need to hold 15.50 or else the downside could get going if not immediately turned up from 15.50 and takes out 18 on another run-up

28 Jun 2018 02:42 pm
holding 16 area after testing 18 three times and backing away, and if broken then a bounce after that should fail at or under 18 again in order to get a late they pullback rather than a trend up move over 18 that holds

28 Jun 2018 02:44 pm
with the market up this much in the afternoon coming off of new lows has been sold lately, and although this has been a strong move higher, and buyers on every dip, that could unwind if 18 not cleared soon

28 Jun 2018 02:45 pm
up here it should be a short under 18 is that has not been able to be broken. If it is then there could be a quick run-up towards 20.50-23 area

28 Jun 2018 02:47 pm
if this does go up through 18 and set of rolling over, it could make a quick move higher with some stops getting triggered and go right up to or through 22-23. Still looks okay holding 15.75 level – bottom of this range

28 Jun 2018 02:48 pm
quick move up with some stops getting run and should hold 18-17 now on the way towards 20.50 at least and possibly to or through 22-23.

28 Jun 2018 02:50 pm
16.50-15.75 must not be broken in order to keep good run-up going to or through at least 20.50 and 22-23 possibly if no reversal from this last pop-up

28 Jun 2018 02:58 pm
I am not a intraday Fibonacci user under most cases, but noticed that aside from 50% retracement from yesterday's top down to this morning's low was 17.75, basically 18 where the stall earlier was – but 62% retracement 23.50 just over 22-23 on the

28 Jun 2018 03:03 pm
whoops, gave wrong numbers as 62% is not that 27 and 50% was at 20.75. But just reached top of 22-23 area and if no sign of a turn up here, it could keep going towards 29-30, but could reverse here at resistance or small pullback at least

28 Jun 2018 03:10 pm
23.25 resistance barely pulled back yet again and popped up to date token higher high at 24.50 so far and 29.50-30.50 would be next, but should fail in reverse before reaching that area. Could be a top but only taking out 20.50 area and not turning r

28 Jun 2018 03:18 pm
this current move up started from the pullback low and reversal back up from the 2700.25-2701.00 support and transition area at 12:25-12:45 and biggest pullback has been 4.00 and 4.25 points, so from the 26.25 level needs to hold around 22 at worst f

28 Jun 2018 03:27 pm
in the last 35 minutes of trading the ES looks like it needs to hold the 23.50-22.50 prior resistance as new support or else it is possible for a late day shakeout, and if that happens don't be surprised if they bounce right back again if a shakeout

28 Jun 2018 03:28 pm
should see sellers on any bounce now as that should be a high in place and better pullback then just to the 22.50 area it could go a number of points lower

28 Jun 2018 03:29 pm
could see this come down and take out 2720.50 and then try to bounce from that area or lower although will not stick now the way the VIX has acted lately along with prices

28 Jun 2018 03:33 pm
just poked under 20.50 target/new support and needs to quickly turned up and take out 22 and attempt 24 area which would be likely sold aggressively if reached again

28 Jun 2018 03:35 pm
a bounce should not be able to stick now, and if it happens to do so instead then it will only set up a better and bigger pullback on Friday. You might want to scale in to a position putting something on today and add possibly at higher levels tomorr

28 Jun 2018 03:37 pm
trying to avoid further damage and late day plunge to or through 16 area and have further breakdown. Has to clear and hold back above 22-23 without rejection. See you in the morning. Take care!

 

INTRADAY LOG FOR WEDNESDAY - JUNE 27, 2018

HOW OUR TRADING DAY WENT: Today we had a number of good set ups by the numbers. Ian, a former RBI Trading Camp student, and now fellow trader, did this video update. CLICK HERE TO WATCH!

27 Jun 2018 08:47 am
Good morning.it looks like it could be another up-and-down day. but needs to stay above 23.50-22.50 in order to avoid an early breakdown

27 Jun 2018 08:51 am
if the 34.50-35.50 area is a key area to clear and hold for the market to attempt turning around

27 Jun 2018 08:57 am
I will update here after the live session is over around 11:30. I will meet you online around 9:30 again this morning.

Tuesdays, Wednesdays, and Thursdays from 9:30am-11:30pm 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 Jun 2018 11:50 am
popped over 47 while the VIX was at 14.76 and a selloff to 29.25 early low was made and turning up again and now needs to keep going and take out 38.50-39.50 without coming right back down from there for the 41.50 breakdown a possibility but right no

27 Jun 2018 11:51 am
right now there can be a pullback unless 38.50-39.50 is taken out and held soon

27 Jun 2018 11:54 am
3 point pullback from 38.25 to 35.25 quickly turned up, and now important to hold to attempt 38.50-39.50 area which must be broken soon or else another pullback will probably stick

27 Jun 2018 11:59 am
bottom of the 38.50-39.50 was rejected but only a tiny pullback and another test could give a bigger drop if 35.50 area unable to hold

27 Jun 2018 12:03 pm
with the ES holding 36 and turning up there's a chance for a pullback but even if that happens it should bounce back again if 36 is not broken

27 Jun 2018 12:06 pm
so far reached 39.75 and the 41.50-42 area should be hard to get through unless this is going back up to its highs

27 Jun 2018 12:13 pm
turning down from 40 is bearish as this is just under the breakdown area and where buyers were left trapped and should be hard to get through and hold above if it is reached again but should be heading lower now to or through 36 area

27 Jun 2018 12:17 pm
I am going to be away until around 1:15 but will update ASAP if something happens that I need to update as soon as I am free. Right now with this bouncing back from 37.75, that area needs to hold or pullback from 40 or the 41.50-42 breakdown area

27 Jun 2018 12:28 pm
the ES just reached the 41.50-42 resistance and breakdown area from this morning and is backing away again and as long as that zone is not broken as bounce resistance, this should be heading to or through 35.50 or more as long as another pop-up fails

27 Jun 2018 12:28 pm
another pop-up fails at or under that zone it's a short with stop at 42.50 Max

27 Jun 2018 12:32 pm
the breakdown so far to 34.50 would need to reverse back over 38.50 otherwise it's still vulnerable and could go to war through 32.50

27 Jun 2018 12:33 pm
if short cover part at 34.54 better and a stop on remainder at 38.75 at the moment

27 Jun 2018 12:42 pm
the way that the market has acted lately with decent bounces being aggressively sold and surprisingly sentiment going from extremely overly bearish already to extreme overly bearish –down "in the low 15's-high or high 14s and reverses" happened at

27 Jun 2018 12:44 pm
watch for the 29.25 double bottom to be tested or broken on this move, would need to take out 33-34 now and not turned down

27 Jun 2018 12:46 pm
also should be going back down towards Monday low and not leave a V bottom very possible,, so if in a short from higher up keep some on for a much better move especially taking out 23 area or getting to it as that is the next target now

27 Jun 2018 12:47 pm
that's all for a bit. Haven't had my break yet. A token lower low can give a bounce of some sort but not able to hold no matter how far it goes

27 Jun 2018 12:54 pm
the ES was all away down at 2605.50 overnight, and was still down about 4-5 points one I woke up, and so far the ES is lowly come back down to around yesterdays close and the top of the clothing range. A move back under 28 could get momentum, and if

27 Jun 2018 12:56 pm
this last bounce was small and stalled 2 minutes before turning down and needs to keep going through 28.50-28 otherwise a chance it's bottoming for a bounce of some sort

27 Jun 2018 12:57 pm
okay, back around 1:15-1:20 unless there is a decent run-up of some sort and where to look for possible entry– if not on the phone call

27 Jun 2018 12:58 pm
only updating on a bounce as lower prices should be coming holding under 33 area

27 Jun 2018 01:10 pm
you can avoid the intro bar volatility that may be stopping you out by either cutting back size you don't mind holding onto overnight or SPY put options, or inverse ETF possibly. Always best to only trade at comfort level and no more. This is still h

27 Jun 2018 01:18 pm
very steady downtrend. Put up a 1 minute chart with a 9 and 18 EMA and that is the guide for downtrend resistance until this move is over by taking out but 18 EMA and holding. With 22.50 broken/held, that is key no matter where that is on a bounce

27 Jun 2018 01:22 pm
2605 does not look so impossible the way this is going. Any kind of bounce should be sold as this could turn into a little mini crash kind of move holding under at/under resistance now around 21.50-22.50 bottom of prior support

27 Jun 2018 01:37 pm
after a small pullback from 20.25 and 18 EMA on 1 minute chart, a bounce from 17 just went to 21.75 and is turning down againand it doesn't really matter how far these bounces ago but they should continue being sold

27 Jun 2018 01:45 pm
attempting a turnaround and the 22.50-23.50 prior support needs be taken out and held in order to get a bounce attempt of some sort going and it should fail and give one more leg down. IF broken and held over 23.50 area a good bounce would likely sto

27 Jun 2018 01:48 pm
it's almost too low for a good short down here. We had the VIX go from all the way down at 14.76 all the way up to 18.02 – a big percentage move – and should leave that 48 high as an important one not seen for a while. The short course stay short

27 Jun 2018 01:50 pm
this leg down could get a bit ugly if it goes the same amount as either the first leg for the second leg down today and 2708-2705 area in the cards

27 Jun 2018 01:52 pm
this 13.50-12.50 area is a decent support area where a bounce of some sort could come from but likely not strong enough to take out the 22.50 area and stick like it needs to do to avoid breaking through that area

27 Jun 2018 02:01 pm
so far only a feeble bounce from the 13.75 low at support, but that should be broken also if the 22.50 area is held under –or a better bounce of some s that should fail also

27 Jun 2018 02:05 pm
rejection of the 21 level keeps this under pressure at the moment as it so needs to get over 22.50-23.50 area and be able to hold that area as new support again after that, the move could go towards 28-29 – maximum to keep very bearish pattern

27 Jun 2018 02:15 pm
still in a good downtrend and has broken down further with this move under 22 holding and would need to have a strong move back over 22-23 which is not looking likely right now, and still should be short with targets down at 2708 and possibly a move

27 Jun 2018 02:15 pm
with targets down at 2708 and possibly a move to test 2700.50 although may hold a bit above that

27 Jun 2018 02:18 pm
catching a bid out that the 12.75 support, which does keep this from breaking down as long is it isn't just another pullback low that gets broken after a feeble bounce, so must get over 21 at least or still going down. Should be resistance at 18 to g

27 Jun 2018 02:26 pm
another filled bounce attempt at another lower high and needs to be able to hold around 16 and turned up and take out 21 and then keep going through 22.50 – downtrend continues otherwise

27 Jun 2018 02:32 pm
another lower bounce high at 18.75 updated resistance area and a lower low at 2712.00 and just under support which will be broken holding under 18.75 now on this bounce attempt

27 Jun 2018 02:34 pm
if it goes up through 19 it will need to keep on going on up through 22.50 prior initial support and bounce high area, otherwise just small bounces failing continuously, just wait for the bounce and enter tests area as a stall or pop-up reversing

27 Jun 2018 02:36 pm
finding some buyers down here twice, but now follow-through on the upside but right now holding 12.50-12 area on another pullback should be bought. Sentiment complete flip-flop and not far from overly bullish to overly bearish in one day

27 Jun 2018 02:38 pm
even though a low could be in place now in this timeframe, still need to get over 21 then 22.50. Another failed bounce otherwise although pullback may not make a new low, although it could

27 Jun 2018 02:39 pm
it should not but does not mean it will not make a lower low on this pullback. Probably should be turning up from 17-16 at worst fifth going to make another move up to test or break those highs

27 Jun 2018 02:44 pm
being sold appear and could be going to her through 16 if 19 area and not broken and held soon

27 Jun 2018 02:45 pm
could work down to its low if 16 not able to hold and start a decent bounce

27 Jun 2018 02:48 pm
failed down thin should be a test of the low

27 Jun 2018 02:50 pm
as stated earlier, bounces are going to have a hard time holding no matter where they go to as soon as a stall or rejection like what just happened and should be pressure on holding under 20-21 area at the moment and a short under that area

27 Jun 2018 02:50 pm
should be going down to or through 14-13 area, maybe even through the low at 12

27 Jun 2018 02:52 pm
2721 is just 25% retracement from today's high to our current low at 12, and will be bearish the rest of the day at or under that level on the way down to test 2700 eventually it appears

27 Jun 2018 02:55 pm
the best bounces have been 6.50-7.75 points so if there happens to be another decent bounce instead of a plunge to the 2708 level and possibly keep going to or through 2705

27 Jun 2018 02:57 pm
I am going to stay with this short side the rest of today down to the low 2700s. Will need to be a bounce greater than 6-7 points not sold into, which looks a bit hard to do that unless a strong run up for some reason in the last hour

27 Jun 2018 03:02 pm
currently have some bids just below the market that should be reached and filled before a bounce of some sort however if 2708 is cut through next been 2705 area should likely be seen also, could even be taking out 2700 on this move 2706-2705 area bro

27 Jun 2018 03:04 pm
could be headed towards the 2696 level or more if this happens through the 2700.50 low without any turned

27 Jun 2018 03:05 pm
probably not today, as at the moment we are getting a bounce from the updated support given at 2708, and bounce resistance around 14 needs taken out or else could still go to another lower low under 2708.50 low

27 Jun 2018 03:09 pm
though sign of any relief yet. Would need to be an end of day bounce that is >7.75 points and sticks. Still heading towards at least 2706-05 and possibly heading down to the 2700 area and likely under that before this is over.

27 Jun 2018 03:12 pm
internals were strong enough the last 2 days that today's poor internals gauges should not be oversold. The only thing that changed was sentiment, the VIX going from around 14.87 up to 17.95 write now. It should be headed towards 20-22 if I'm right

27 Jun 2018 03:18 pm
no sign of the turn and only 2.75 points over the Monday low, and likely headed down to earth through 2700 possibly to the 2696-2694.50 area if that break happens. would need to hold 2702.50 area and take out 12-13 area in order to be in the clear, o

27 Jun 2018 03:20 pm
I need to cut out just a few minutes early today. A 7.75 point bounce, the biggest of the 4 bounces on the way down, would be 2711.00 – and probably should go through 2711 and then 2712.50 and stick in order to be in the clear can avoid a trading

27 Jun 2018 03:20 pm
I need to cut out just a few minutes early today. A 7.75 point bounce, the biggest of the 4 bounces on the way down, would be 2711.00 – and probably should go through 2711 and then 2712.50 and stick in order to be in the clear can avoid a trading

27 Jun 2018 03:22 pm
until around the close. Have a great rest of your day! check out the update tonight and then I will meet you here in the mornings with a quick comment before the opens and live session. take care!

27 Jun 2018 03:26 pm
the bounce came from just above support and it tested 2711 symmetry resistance, has to go over 2711 and then 12.50 or else not out of the woods at the end of the day and still could have another move towards its lows breaking under 2708 and again wit

 

INTRADAY LOG FOR TUESDAY - JUNE 26, 2018

26 Jun 2018 08:53 am
Good morning. The ES needs to get over 25 and hold and keep going up above 28.50 I think to keep and uptrend intact. With the live session starting at 9:30 AM, I'm looking for the early strength to be sold and a decent sized pullback bought

26 Jun 2018 08:57 am
the only thing that changed was that the VIX made a huge jump yesterday. Only short-term sentiment overly bearish and the last hour run-up is going to leave another "V" bottom. I'll update a little bit after the live session is over.

26 Jun 2018 09:07 am
25 was so late high yesterday and likely sold under that level the way it is looking. If broken and held then up to 28 before coming down. That's all until later. Good luck guys/gals

26 Jun 2018 09:16 am
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26 Jun 2018 11:52 am
but ES has been trading in a choppy two-sided day so far and unless 27.50 is broken and held longer than a couple of seconds it can go back down to work through the 22 area which is new support before 18 area in case

26 Jun 2018 11:57 am
I would look for a shorting opportunity around 27.50 and probably a bit lower as that level was not broken and held on a 5 minutes close, but only a poke above that came right back down

26 Jun 2018 12:00 pm
if there is a rejection of 27.50 area of pullback will be only a small one most likely so only a scalp trade or else wait until a pullback that holds 24-23 for a possible buying opportunity in an oversold market

26 Jun 2018 12:06 pm
with 27.50-28.50 area poked above by 1 tick so far, it could still go to a higher high over 30.50 if 26 is not broken through, but if so and then held under 28 at most after that then you may have a high in for a bit instead

26 Jun 2018 12:14 pm
that ES comes out 27.50 and held on a 5 minutes close keeping the move strong and just made a token higher high and should hold that 27 on a dip and turn up to keep upside going strong

26 Jun 2018 12:16 pm
watch for 33.50-34.50 area to be an important area to get over and hold, and not reject and rollover from there instead or else a top around that area is possible is possible

26 Jun 2018 12:19 pm
if not a top in place that look for another token higher high at or under the 33.50-34.50 area which should be a which would be a reversal area if reached

26 Jun 2018 12:21 pm
I needs to lead away until around 1:15,but I will update ASAP as soon as read up from whatever I'm doing. Keep an eye on going back under 27 and holding, as that's what happened early and should not happen again or else going into pullback mode

26 Jun 2018 12:27 pm
not able to hold over 38 again and should now be in pullback mode with a high in place to or through major area at 25-24 new support – on a move under 27

26 Jun 2018 12:46 pm
the ES made 5 moves over 30 that came right back down through 30 again and if but ES goes back over 30 it's a short with a stop at 32 as it should come right back down and give a decent profit for a scalp or more

26 Jun 2018 12:46 pm
right now it should be a short under 30

26 Jun 2018 12:48 pm
back in a while. ES has had a good oversold bounce so far, but only from overly bearish sentiment short-term but the mix has plunged down to 15.61, and very close to new "support" where it gets overly bullish at 15.40-15.20 today. Back in a bit

26 Jun 2018 12:52 pm
point they break of 26 and hold under 28-28.50 at the most needed in order to roll over from up here rather than stay choppy sideways and not go over 30 and hold

26 Jun 2018 01:13 pm
the ES has taken out 30 and is holding since around 1:05 and the 33.50-34.50 area needs broken above, and hold around 32 area on a dip in order to keep trending up action

26 Jun 2018 01:14 pm
look to be buying pullbacks, no damage done to a good uptrend unless 27-26.50 area is broken under again

26 Jun 2018 01:21 pm
the ES went right through 33.50-34.50 and reached 35.25 and coming back down and will need to keep holding over 32-31 area now

26 Jun 2018 01:23 pm
last night I said that this rally the last for a day or so, and has done pretty well so far and already the VIX has dropped down to 15.10, and that should go much lower or else it can go from one extreme to the other short-term

26 Jun 2018 01:28 pm
it's currently down 13% after a 30% move up yesterday. It has important "support" around 14.76-14.56, only going to be reached if this keeps a slow grind higher going. A reversal here could be start of pullback

26 Jun 2018 01:33 pm
I would look to short another pop-up if there is one as this could take out 33 and hold which wouldn't be necessarily good and start a move to or through 31-30 and may be more

26 Jun 2018 01:40 pm
with 33 holding and turning back up to so far test the high it will avoid any kind of breakdown holding 33 and not going back down under that and holding. Double top could be important this afternoon

26 Jun 2018 01:41 pm
to short against to sell at or below for a pullback of some sort

26 Jun 2018 01:43 pm
this last move higher from the 27 area made a double top so far and taking out 33 without turning right back up could start a pullback or small breakdown so beware and I am looking more downside in short from just under the double top, a stop is tigh

26 Jun 2018 01:44 pm
31.50 area will need to hold and turned up if a pullback to that area

26 Jun 2018 01:50 pm
so far held at 32.50, and should get hit again and take out that level on the way to or through 31.50

26 Jun 2018 01:52 pm
I am shorting bounces at or under resistance and pressure on right now under 34 for a move to Gore through 31.50-31 and if no sign of a turn then couldn't go to or through 28.50-27.50

26 Jun 2018 01:55 pm
31.75 pullback low and 31.50-31 first target and 28.50-27.50 if that is taken out

26 Jun 2018 02:01 pm
this move should try to make a breakthrough the double top and if so could go may be another point but should turned down quickly from around the high area

26 Jun 2018 02:02 pm
sold again and should be on its way to our through 31.50 area

26 Jun 2018 02:05 pm
slightly oversold internally and extremes on sentiment has been relieved, and the rally is near completion with these moves up not able to hold over 34 very long and like at 30 area earlier, needs to be a pullback of <5 points from the top, much more

26 Jun 2018 02:07 pm
you might want to keep your eye on the VIX as the move went to 15.10 and turned up and a move over 18 EMA on 5 minutes chart should mean reversal and a quick Spike lower possible. Still should test or break through 31.50-31 and possibly keep going to

26 Jun 2018 02:10 pm
second target after 31.50-30.50 which is just reached – and should get there if a hold under 34.50 area now

26 Jun 2018 02:12 pm
another afternoon high with selling starting with a double top turning down at 1:40 and this could go until the 2:20-2:40 timeframe or later depending on downside momentum

26 Jun 2018 02:19 pm
30.50 has been reached and the 28.50-27.50 prior resistance new support area that can be tested if this holds under 32.50 area

26 Jun 2018 02:24 pm
bounce approaching 32.50 area and needs to go over and hold after a small dip or else get another leg down taking out 30.50 on the way to work through 28.50-27.50

26 Jun 2018 02:30 pm
anyone trading that NQ , it is in a pretty good downtrend and would need to go over 7111 and stick otherwise continue its way back down towards 7100-7098 or more. Has to go over 7112 and hold 2711

26 Jun 2018 02:33 pm
7103 low on the NQ should be taken out by a bit at least and the ES turning down under 32.50 needs to hold below that and take out 30.50 area in order to get downside going. Possibly a decent bounce otherwise

26 Jun 2018 02:35 pm
tiny double bottom at 30.50 updated support that should be important the rest of the afternoon and not be broken or else there could be 28.50-27.54 more, but looking like buyers still in control holding 30.50, but not at higher prices – they should

26 Jun 2018 02:41 pm
after turning up around 10:40 there has been 2 pullbacks of 4.75 points from its high at that time, happening from 12:40 to 12:45, and the pullback from the 35.25 double top to the double bottom at 30.50, so if symmetry holds then 30.50 should. Other

26 Jun 2018 02:44 pm
decent chance of poking above the 35.25 double top, in order to get the VIX back to its low 15– high 14 area. But needs to make new highs and keep going to 37-38 area for that to happen

26 Jun 2018 02:47 pm
back up to just under the 35.25 high area and 37-38 possible IF not quickly reversed back down yet again

26 Jun 2018 02:51 pm
what this turning down from 34.75 and a lower high this time another pop-up should be a good short for a pullback of 2-3 points and possibly more if the downside gets any kind of momentum

26 Jun 2018 02:54 pm
which can happen if this is more than just 4.75 point pullback and takes out the double bottom at 30.50 in which case keep on going towards 28.50-27.50. Selling at or near the new highs and tests of the highs, covering on quick pullbacks as soon as

26 Jun 2018 02:57 pm
we were having a very choppy trend up kind of move until reaching 35, and since has been one of the two pullbacks of 4.75 points. Should be selling again at the high or a little under and eventually take out 30.50 if buyers keep backing away and star

26 Jun 2018 02:58 pm
pressure stays on holding under 33.50 right now, down to test or break through 30.50 area possibly 28-27

26 Jun 2018 02:59 pm
it would break current upside symmetry and with the move running out of steam and selling coming in around the highs, upside very minimal and downside wide-open here

26 Jun 2018 03:03 pm
would need to go to 26.50 just to give back 1/4 of the move from yesterdays low to today's high. That is around the 12:40 PM low, and could be seen if a break of 30.50 holds and gets momentum. Pressure still on under 33 right now

26 Jun 2018 03:06 pm
starting to break down a bit and 28.50-27.58 target and could keep going to or through 26.50 under that if no sign of a turn

26 Jun 2018 03:08 pm
a token lower low getting a feeble bid back up but not sticking, and the NQ getting hit in a steady downtrend with some small bounces also, and should keep dropping especially if that now rolls over

26 Jun 2018 03:10 pm
28.50-27.50 target/support will be reached on a token lower low and needs to bounce back above 32 in order to take some pressure off

26 Jun 2018 03:14 pm
that should be a high for a retest of yesterdays low so it does not leave a "V" shaped bottom. However if it's not a top, and 35 area broken it runs into resistance at 38 and then 42-43. Getting to and especially through should be very difficult and

26 Jun 2018 03:14 pm
but bounces should fail instead

26 Jun 2018 03:17 pm
looking for a move to or through the 28.50-27.50 area and if no sign of a turn then on down through 26.50 area next and 20 5A major area if reached today

26 Jun 2018 03:24 pm
so far 28 updated support/target has been reached but is still under pressure to go to or through 26.50 if a bounce cannot get over 30.50 and hold over that level once reached and not turned right back down again

26 Jun 2018 03:29 pm
with about 30 minutes to go in the day session trading the ES needs to continue holding 28 updated support and take out 30.50 and hold, otherwise sellers in charge and can take it lower to or through 26.50 if a further breakdown

26 Jun 2018 03:30 pm
have a great rest of your day. I'll update you tonight, and then meet you here with a quick comment before the market opens. Here it goes, and now stay with the short side unless a bounce over 29 area sticks. Take care!

26 Jun 2018 03:51 pm
as I said earlier that was likely the top before going down to test or break yesterdays low so not to leave a V shape bottom, and could be going there if this closes under the 27-28 area

 

INTRADAY LOG FOR MONDAY - JUNE 25, 2018

25 Jun 2018 09:20 am
Good morning. An early bounce needs to get over 48.50-49.50 and be able to hold, or test or break 43-42 area

25 Jun 2018 09:28 am
this was bound to happen the way the market was acting Thursday and Friday, and this gap down open needs to have a rally back to 55.75 just to fill the gap at Friday's low. Should have resistance at 47-48 at most

25 Jun 2018 09:33 am
under pressure unless the ES takes out 46.50 and then holds 46 and turns up at or over that level. needs to keep going through 42 and hold under 43 in order to get a bigger breakdown towards major 36.50-35.50

25 Jun 2018 09:37 am
could not get over 46.50 and hold and stays under pressure to day and less that is taken out and able to hold. 36.50-35.50 next downside target and big support and must not break through and stick or bad news for the bulls

25 Jun 2018 09:39 am
the 46.25 high so far is a breakdown under the 47.50-46.50 zone and was the low on the 19th and 47 low on the 21st made double bottom, has to get over 46.25 and stick or bigger picture breakdown

25 Jun 2018 09:41 am
pressure stays on holding under 40 right now down to 36.50 or more

25 Jun 2018 09:44 am
36.50- 35.50 major area reach and needs to at least go over 39-40 and hold or else going back down to work through that support zone

25 Jun 2018 09:49 am
a chance that this could drop down to the mid-20s before a bounce attempt if this doesn't turn around and go back up above 35.50-36.50 right now the way I see it

25 Jun 2018 09:55 am
needs to make a turn in the 9:50-10:10 timeframe and from 32 or higher and take out 36.50 and hold

25 Jun 2018 09:56 am
36.50 area pivotal down here and unless cleared and held pressure should stay on for now

25 Jun 2018 10:01 am
bounce turned down at 34.50 and now that area would need to be cleared and held in order to break current strong downtrend. A move under 28.50 can keep going to or through 24.50-23.50 which must hold or else bigger breakdowns likely going to stick an

25 Jun 2018 10:08 am
breakdown support at 24.50-23.50 would need to hold and get over 30.50-31 and not turned down from there either, otherwise still a good downtrend and can take out that last important support zone until going into the teens

25 Jun 2018 10:11 am
the VIX is up to 16.41 and could get to 18 or even up to the 22 area or higher if this keeps dropping down towards the 2712 area or the low that which is where it is headed if the 18 area is broken and not able to get a good turnaround

25 Jun 2018 10:18 am
so far reached 22 and stays in a steady downtrend holding under 25.50 area now

25 Jun 2018 10:20 am
a gap day and so far trend day down and only sign of some concern shown by the VIX making a big leap 20+ percent right now, but but no panic. Now needs to take out 23.50 and hold

25 Jun 2018 10:25 am
attempting to get a bounce going and may be attempting to bottom out with the Dow trying to hold and the ES staying over 18.50-18 area so far. But if unable to clear and hold 23.50 soon then will be going back down

25 Jun 2018 10:30 am
should hold at or above 23.25-22.50 or else can go back to the low area again

25 Jun 2018 10:36 am
so far this bounce made it back to 27.50 just under where a bounce high was made at 10:07 on the way down, and need to go over and then stay over 24 support at worst

25 Jun 2018 10:40 am
28.50 reached so far and could be a bounce high holding under the 30 area now and will take out 25-24 area if going right down towards the low area again – 25 key area

25 Jun 2018 10:45 am
turned up from 25.50 and holding over 25 kept from further breakdown and now needs to take out 32.50 and especially 34.50 or else another leg down likely

25 Jun 2018 10:53 am
need to keep holding at higher lows on the 5 minute chart at least and take out 32.50 and especially 34.50 and if so then hold no lower than 32 area after taking out 34.50, otherwise this bounce is over or will be if one more poke higher happens, and

25 Jun 2018 10:53 am
need to keep holding at higher lows on the 5 minute chart at least and take out 32.50 and especially 34.50 and if so then hold no lower than 32 area after taking out 34.50, otherwise this bounce is over or will be if one more poke higher happens, and

25 Jun 2018 10:54 am
should be a short under 32.50. Shouldn't take out that area now, another pop-up should stop there or below as is could be headed back down to the lows

25 Jun 2018 10:57 am
47.50 point drop from Friday afternoon high and then 11.25 point bounce and now back to either a higher low, or with this bigger picture breakdown under 47-46 and gap down day, good chance it could take out the low. The NQ at least should soon

25 Jun 2018 10:59 am
going back under 24.50-23.50 and not turning right back up should mean a move to the low for more. even then, still look for bounces to keep being sold for now

25 Jun 2018 11:03 am
quick pop-up from 24 but unless 28 broken and especially 32 it's going to fail and go towards the low area on a break under 23.50

25 Jun 2018 11:07 am
should keep chopping down to one more low somewhere under 22-21 and will need to show signs of a reversal or else continue down to lower lows around 18 and would need to hold their oor going towards 2712.50

25 Jun 2018 11:11 am
ES will need to hold 22 and take out 27.50-28 without turning right down again in order to have a shot at continuing on up to or through the bounce high at 31.50

25 Jun 2018 11:15 am
all bounces have failed so far and should continue as long as a hold under 26 right now

25 Jun 2018 11:22 am
if this keeps going and takes out 18.50-18 area then 12.75-11.50 area could be in the works. Under that would be (2708.50 (75% retracement from 2679.25 low on 5/29) but 2705-2703 area on the charts

25 Jun 2018 11:24 am
I would keep one shorting as long as this holds under 20.50 areaa

25 Jun 2018 11:24 am
pressure will stay on unless broken and held above 20.50 area at the moment

25 Jun 2018 11:28 am
the VIX broke out over a number of highs around 15.10-15.24 just after the open with the ES and just made it up to 17.73 and made it as high as 18.78 at the low on 5/29 and probably headed over 18 before bottom. 15.18 new overbought extreme should be

25 Jun 2018 11:36 am
made it to the 12 area and need a bounce back over 16 and especially 18 area in order to attempt turning this steady downtrend around or else 2708 or possibly 2705-2703 area would be next

25 Jun 2018 11:43 am
a tiny double bottom at the 2712 support area, and should not be broken or else could head to or through 2708 area next. A bounce needs to get back over 18 and buy enough to hold 17 on a dip and turn up

25 Jun 2018 11:47 am
pullback from 18 resistance holding 15.75 so far, but less 18.50 broken without a quick reversal then 20.50-22.25 would be next and should be harder to get through and stick unless a low in place and decent bounce beginning

25 Jun 2018 11:50 am
the VIX did go up to 18.72 and just under the 18.78 high on 5/29, and the ES turned up, but looks like ES still need to take out 20 and then 22.25 and stick if this is going to attempt turning around

25 Jun 2018 11:56 am
there was 1 decent bounce before this one that went 11.25 points and this one is 8 points so far but going back under 16-15.50 would open the door to tests the lows

25 Jun 2018 12:00 pm
pressure will stay on as long as the ES continues holding under 19 area right now down to test or break 14 at least

25 Jun 2018 12:00 pm
at least that's how it looks at the moment. This gap day could end up being a trend down kind of day if this kind of action continues

25 Jun 2018 12:06 pm
2708 next support reached in 2705-2703 area is next and could be broken and go down to or through 2698-97 if this continues

25 Jun 2018 12:16 pm
we had a quiet meltdown underway with no kind of panic selling but only signs of some fear finally with the VIX finally up at 19.61, and internals almost 5:1 declining versus advancing issues. Support at 2705-2703 held so far, and need to take out 13

25 Jun 2018 12:20 pm
I need to be away until around 1:15, will be on some phone calls so it may be hard to update but will do so if able and its necessary just ASAP. from here, with ES holding 2703, a tough call as it could be a low or could be broken by holding under 12

25 Jun 2018 01:11 pm
awful the low the ES has been making higher highs and higher lows and will need to hold the 12.75 area or else could begin to break down again and especially with this bounce stopping at the 18 support now new resistance

25 Jun 2018 01:12 pm
I would be looking to short this under 16 and if broken then would need to go over 18 and hold 16

25 Jun 2018 01:14 pm
and taking out the 10.50 area without immediately turning up should mean a move that goes back to test 2707 and possibly major area at 2704-2703 – 2705-2703 was the zone before going to 2703.75 low

25 Jun 2018 01:26 pm
with the ES currently holding just over the 2708.50 minor support, it needs to continue holding in order to avoid a poke down to or through the 2704-2703 low area and a major area down here for a pullback until going into the high 90s

25 Jun 2018 01:27 pm
however, with that low being tested and held it would possibly make an important low with the internals stretched and sentiment stretched with the VIX up 35%

25 Jun 2018 01:30 pm
meanwhile the VXX is up 18%. If there is interest in trading the VIX ETF's please let me know. market has been acting poorly lately and this move needs to take out 18-18.50 area and stick if things are going to begin any sort of oversold bounce attem

25 Jun 2018 01:38 pm
2719.50 is 25% bounce from the Friday afternoon high at 67.25 to today's 2703.75 low, so 18.50-19.50 area should be important to go to and get back above and hold on a small pullback. Looks like oversold bottom possible if 18.25 prior support and bou

25 Jun 2018 01:42 pm
if the ES keeps pushing higher over 18.50-19.50 the VIX should come down to or through 17.38 and there is "support" around 16.90-16.85 where a reversal back up would be a red flag– ES could be up around some resistance around 22.50-24 may be a bit

25 Jun 2018 01:46 pm
22.50-24 bounce resistance that should be hard to break above and hold without a pullback of some sort first

25 Jun 2018 01:48 pm
should test 18.50-18 and have a decent bounce from there in order to avoid further breakdown from this bounce attempt

25 Jun 2018 01:51 pm
should be sold again under 22 and test 16.50 if another move lower with no sign of a turn at 18.50-18

25 Jun 2018 01:53 pm
going to or through 16.50-16 area or more on this pullback

25 Jun 2018 01:59 pm
the tick extremes have marked 5 high areas with then 5 minutes after reaching the extreme, and just coming down from a +1000 tick and helping pullback to 15.75 and turning up just under target/support but still under pressure holding under 18-18.50 ar

25 Jun 2018 02:01 pm
18 point bounce from the low so far, and so far held the 1/3 pullback support at 15.75 and should be broken if a hold under 18.50 area continues

25 Jun 2018 02:05 pm
has to get back over 18.50 and then have a small pullback hold after the breakout if going to test or break 22 and attempt 23.50-24.50 prior major pullback/breakdown support

25 Jun 2018 02:11 pm
should be breaking down now and headed towards at least a move under 14 and 12.50-12 possibly before another bounce attempt but will still have pressure on in less a move over 17 that can stick

25 Jun 2018 02:12 pm
Spike down to 14 support quickly turning up will keep this from further breakdown at the moment but still needs to take out the 18 area without getting turned back down again

25 Jun 2018 02:15 pm
appears one more pullback again to around the 14 and possible 12 still likely holding under 18. I would be shorting these bounces with a stop over the last swing high on 1 minute chart right now, the 16.50 level now. Stays bearish under pressure unle

25 Jun 2018 02:31 pm
needs to continue holding under 14.50 now in order to keep pressure on and avoid further breakdown

25 Jun 2018 02:33 pm
holding under that level should mean going down to test or break 2710 but as likely would be 2708.50-2708 and a key area to reversed back up from or to the low area

25 Jun 2018 02:35 pm
afternoon bounce high reversed at 1:45 PM tend to be highs for the day, and on gap normally very important. So stay with short side holding under 12.50 area now and 14 at that Max

25 Jun 2018 02:36 pm
10.75 reached so far but a poke down to or through 2708.50-2708 area should happen on this move especially holding under 12-12.50 right now.

25 Jun 2018 02:40 pm
came down to 2708 so far and should not hold and go back over 2709 now to keep the pressure on to the lows or more

25 Jun 2018 02:45 pm
looking ugly for longs/buyers/bulls, ES and the Dow almost back to their lows and would need a good reversal for a double bottom to avoid further breakdown, but won't happen unless a bounce goes back over 2710.50 or more. 2708 first hurdle to clear a

25 Jun 2018 02:46 pm
normally and area to be a good buyer, but market acting so poorly this will likely fail and further breakdown and not the bounce like a good market. Could be taking out 2703

25 Jun 2018 02:48 pm
pressure stays on now holding under 2707.75 now, but needs to go down to or through 03.75 low of the day soon if held under much longer

25 Jun 2018 02:51 pm
98.50-97.50 is a minor area on the first break under 2700 but better areas below down around 92 first if it keeps going

25 Jun 2018 02:52 pm
it is still a steady downtrend and now would need to get over 2705.25 at the very highest, probably lower around 2703-04 if reached

25 Jun 2018 02:58 pm
bounce attempt from a new low just over 2700 and unless this gets back over 2706 area and can hold after that would be breaking dynamic resistance on 1 minute chart per the e-book and could mean that a low just before 3 PM possible

25 Jun 2018 03:00 pm
these moves have been not able to stick on these selloffs and I'm pretty sure that some internal gauges along with the VIX have reached sort term extremes – but not across the board for a really good countertrend set up

25 Jun 2018 03:03 pm
as much fun as it has been (for me anyhow, I can see the downside the bit better than the upside I think) we should be very close to getting some sort of oversold bounce. Might be starting but still not completely out of the woods yet

25 Jun 2018 03:06 pm
if there is going to be another leg down it should come from this area around 2707.50-2708.50 area

25 Jun 2018 03:10 pm
this bounce attempt still needs to take out the 2708-2708.50 area and not get turned back down or still in a trend down move

25 Jun 2018 03:16 pm
pullback from the 2707.50 quickly turned up, ran up to 2708 resistance and right back down and will continue being bearish with bounces sold holding at or under the 2708.50 area

25 Jun 2018 03:17 pm
I will personally be surprised if this does not go down and tests the 26th 98.50-2697.50 area as long as a hold under 2708 area. Needs to take that out and stick end of day to attempt a turnaround

25 Jun 2018 03:21 pm
should be a last hour low in place, but still could have some trouble around the 12-12.50 area or just below for another pullback

25 Jun 2018 03:30 pm
in the last 30 minutes the ES will need to take out 2710 and stick or else it could have another pullback that goes towards the low although may not go all the way back down there, watch 2706 as a pivotal area

25 Jun 2018 03:32 pm
should get down there and then would need to have a quick reversal back up in order to avoid another pullback that may be going towards another higher low, or low at the end of the day if there is a decent drop that holds under 2706

25 Jun 2018 03:36 pm
have a great rest of your day! Check out tonight's update and then I'll give a quick comment before the online session begins around 9:30 AM. –At the moment with the market oversold we should get short covering or some sort of bounce and it looks

 

INTRADAY LOG FOR FRIDAY - JUNE 22, 2018

HOW OUR TRADING DAY WENT: today we had 4 tops at the 2766.50-2767.50 resistance zone, with all of them making for good shorting opportunities. CLICK HERE for a quick video recap of Friday's action.

22 Jun 2018 09:10 am
good morning. we are going to have a up open and from 2788 there is likely as much room to go lower as there is to go higher. The Dow needs to close positive today, that dropped to a low in its last few minutes

22 Jun 2018 09:13 am
with the VIX going up into overly bearish territory it can hold this up a little while but going back into the 12s will make the market vulnerable again

22 Jun 2018 09:18 am
it looks like 66 area needs to hold or else a bigger pullback happen but not go too far before turning back up again

22 Jun 2018 09:25 am
yesterday the 47 target/support was touched and turned up immediately, and now already 20 points over and the way the market has acted lately this should be sold into

22 Jun 2018 09:28 am
the ES dropped from 78.25 down to 47.00 and the selling really picked up when 70 was broken, and there is a major bounce resistance area for today at 71.50-72.50. Should have a hard time getting over that and hold

22 Jun 2018 09:29 am
looks like a short under 70 early and need to hold around 66 or a bigger pullback underway

22 Jun 2018 09:33 am
could be a top if a hold under 66.50

22 Jun 2018 09:36 am
should keep coming down towards 63-62 at least and maybe 60 area

22 Jun 2018 09:43 am
63 just missed so far and need to go over 66 and hold if going to get a little run-up before getting sold again. A hold under 65 keeps pressure on and 60.50 must hold that lowest

22 Jun 2018 09:48 am
60.50 area key support and need to get over 63-64 downtrend resistance otherwise could keep billing to or through 58-58.50 next which is 50% retrace from 47

22 Jun 2018 09:53 am
bounce from 60.50 updated support made it to 63.25 and can come back down to 60.54 more unless 64 broken and 63 held after

22 Jun 2018 09:56 am
might be a bounce high in place holding under 64 as it needs to go over 64 and hold around 63 in order to get a bit more upside

22 Jun 2018 09:58 am
now needs to go down and take out 60.50 or else a chance of another bounce back up to or through 64

22 Jun 2018 10:01 am
pop over 64 did not stick and should be a bounce high taking out 60.50 and not turning right back up

22 Jun 2018 10:02 am
keep an eye on the Dow which has closed down 8 days in a row and up strong right now and looks like a top and pullback on it will help bring the ES down, but holding up unless/ until then

22 Jun 2018 10:05 am
currently should be safe as long as 60.50-60 continues holding, but can go to or through 57.50 on a break

22 Jun 2018 10:07 am
64-63 needs held now

22 Jun 2018 10:11 am
the Dow stalling so need to hold 64 or could be a bit more of a shakeout to around 62.50

22 Jun 2018 10:16 am
held 64 by 1 tick and turned up and 66.50-67.50 needs to hold this down or else could be a test of 70 before being sold instead

22 Jun 2018 10:18 am
resistance being sold and should begin to roll over

22 Jun 2018 10:19 am
taking out 64 needed for a chance to get breakdown of some sort and not just a pullback

22 Jun 2018 10:21 am
if you entered in that zone then keep a stop 66.75 as should not go back up there again if going to be a breakdown, taking out 64 without turning right back up

22 Jun 2018 10:23 am
quick bounce from 64 so now breakdown yet and still needs to go through 66.50-67.50 or else could go back to 64 again and maybe break by a bit at least

22 Jun 2018 10:25 am
60.50 could be tested or broken here

22 Jun 2018 10:27 am
57.75 is 50% retracement from yesterdays low and now a bounce should have trouble getting back over 62-63 and holding

22 Jun 2018 10:32 am
58.25-57.50 area tested or broken before any kind of bounce attempt and possibly54 area if momentum picks up

22 Jun 2018 10:39 am
buyers were waiting at 57 and so far as bounce to 61 and could keep going a bit further but should not get to or through 62.50 and hold in order to keep pressure on and have another push lower test or break 57. That's also the initial resistance turn

22 Jun 2018 10:43 am
the ES is moving with the Dow cash for the most part and at the moment 24,573 will need broken through and held under to put more pressure on. Right now ES still bearish under 62 down to 58-57.50 or more

22 Jun 2018 10:47 am
should be a bounce high in place and test or break 57.75

22 Jun 2018 10:48 am
stays under pressure holding under 62

22 Jun 2018 10:52 am
just back to the bottom of the morning range and still has 62 to clear and not turn right back down in order to turn things back to the upside, and could test or break the low and go to 55.50-54.50

22 Jun 2018 10:56 am
another bounce attempt from 58 and just above the low and should be a move to or through 62 that holds if going to get a chance of breaking this range and not failing until 64 and possibly the high area or just under

22 Jun 2018 10:59 am
after pullback from the high the first bounce was 6 points and so far after reaching 57 low it has bounced 5 points and should keep going of the more before another pullback although may not go all the way to the bottom of the range

22 Jun 2018 11:02 am
should not have much farther to go as 64 should only be touched or rejected before coming down again

22 Jun 2018 11:03 am
just turned down from under 64 and unless broken and able to hold should come down to or through at least 61.25

22 Jun 2018 11:10 am
64 needs held below and take out 62-61.50 in order to have aa possible reversal back to the downside. 62 area has been pivotal, and transition area attempt and must hold to avoid possible drop towards lows again

22 Jun 2018 11:18 am
should be a high at 64 that must be cleared very soon or else keep going down through 62 and 60-59.50 or more next

22 Jun 2018 11:22 am
pop-up unable to get over 64 so should begin breaking down a bit soon

22 Jun 2018 11:23 am
I am short but they stop just over 64 right now, looking for a break of 62 to give a move lower to scalp out of

22 Jun 2018 11:26 am
60-59.50 zone was reached and a quick scalp but could still go lower holding under 62 now

22 Jun 2018 11:30 am
strong turnaround on pullback to 59.50 that up to the 64 area and still needs to get through or else another pullback that holds 59.50 should happen and then may be one more run-up has a chance of getting through

22 Jun 2018 11:37 am
backing away a bit at 64 again but needs to go back under 62 and hold under 62 in order to have any more pressure put back on and a pullback with a shot at testing or breaking 60-59.50 updated support

22 Jun 2018 11:44 am
poke over 64 need to hold 63 now or could keep going under 62 and start a pullback if that happens, but holding this area can mean a move back up to 66.50-67.50 resistance or maybe just below

22 Jun 2018 11:48 am
the VIX collapsed from 15.18 at 3:45 PM yesterday to 13.32 this morning then went up to 14.09 at the 10:30 low at 57 and reversed. Has come down to to its low so far and 80 reversal up over 13.54 could be a reversal

22 Jun 2018 11:51 am
however, if this doesn't reverse and coincide with a turn at or just under 66.50-67.50 then could see the VIX keep going into the 12s and ES towards 71-72

22 Jun 2018 11:53 am
keep an eye on the Dow cash also for a possible double top if it turns down from 24,650 or a a couple points lower

22 Jun 2018 11:54 am
should at least least test or break the 64 prior resistance holding it down and if so then 62.50 or else more to go on the downside before another bounce

22 Jun 2018 11:55 am
getting close to the point where the VIX will start to hold the market down as it swings from overly bearish breakdown through neutral territory and closing in on getting overly bullish already

22 Jun 2018 12:03 pm
should test or break the 63-62.50 area and if no quick turnaround it could go right through down to or through 61.75-61 or lower if no quick turnaround

22 Jun 2018 12:07 pm
going back up again and remember 24,651 on the Dow cash, which has been the big lagger lately, needs broken and not reversed down from that level or a little below or it will make a 123 top

22 Jun 2018 12:08 pm
lower high on this bounce on a much smaller time frame and now taking out 63-62.50 area needed to get a break back down although topping patterns around resistance are still going to be sold

22 Jun 2018 12:10 pm
we should have a noontime high in place if this comes back down and takes out 63 lead out a strong rebound, then it could last until around 12:30 PM roughly

22 Jun 2018 12:12 pm
pullback will be bought so be on alert for that possibility. Could have a number of shorts wanting to cover on a pullback. But no breakdown as long as 63-62 area continues holding

22 Jun 2018 12:13 pm
I will be away until around 1:15, and maybe tied up on a telephone call, but will update ASAP if needed. If there is a decent pullback it should be bought as long as the 60.50-59.50 zone held above

22 Jun 2018 12:16 pm
so that resistance again with a tale up there and should be a top for a pullback of some sort

22 Jun 2018 12:19 pm
should not be taking out the 66.50-67.50 area and holding unless it's going to make an attempt at the 70 level or above that today. a short at or under that zone. Stop over 67.50 top of the range. only a scalp trade. Back in a bit

22 Jun 2018 12:34 pm
with the 66.75 (66.50-67.50 zone) being sold for a second time in coming back down and holding under 65 keeping it under pressure and should be a short on any kind of bounce again from here,top should be in place holding under resistance and now unde

22 Jun 2018 12:36 pm
holding under 64.50-65 on a bounce – or not turning right back down if it is hoped above instead which is doubtful as it should go back up there. Has to take out 62 and then 60.50

22 Jun 2018 01:16 pm
we are getting a fairly narrow range trading environment at the moment with the ES able to hold 62 on a pullback from the 66.75 high at resistance at 12:15, months now hold 64 and get back up through 66.50-67.50 as a number little pop-up there again

22 Jun 2018 01:18 pm
this could be a bounce high here if it goes back under 64 and then get some momentum and breaks the 62 area

22 Jun 2018 01:25 pm
however it is slow and pretty thin bid and ask and could either take some time or just spike down or up in these conditions. Probably needs to go under 64 soon with a bit of momentum in order to have a pullback

22 Jun 2018 01:26 pm
the Dow cash is in a "cigar" pattern and taking out and holding under 24,617 will put pressure on, especially if broken by 10+ points and not turned right up

22 Jun 2018 01:28 pm
it would need to go up over 24,637 and not turn right back down and even then possible double top around 24,660. At the moment ES still getting bought on small pullbacks and should be bullish holding 64 pivotal area at the moment

22 Jun 2018 01:31 pm
obviously no buyers for follow-through just under resistance now and that is about the extent of the up side even though pullbacks have been holding. Going back under 64 by much and especially 62.50 gets the downside going pretty good again

22 Jun 2018 01:32 pm
this is a short with a stop at 66 right now as that should not be seen

22 Jun 2018 01:33 pm
taking out 63.50-62.50 area and 24,617 on the Dow cash in order to get this to have a breakdown attempt. Especially if the Dow breaks with some momentum.

22 Jun 2018 01:35 pm
just beware that any kind of that is a quick one will likely come bouncing right back up again as soon as downside stalls or it could just turn up on a dime.

22 Jun 2018 01:35 pm
64 area still going to be pivotal though it looks. Might be a pop-up to resistance if not broken soon or at all

22 Jun 2018 01:42 pm
breaking out it appears and may not have such a hard time going through resistance as long as 65.50 area holds now

22 Jun 2018 01:43 pm
can pullback but there should be only a small one and then another push higher as long as the other averages keep moving up also. The Dow broke its cigar pattern on this move

22 Jun 2018 01:45 pm
64-63 area is going to be important to hold over as a pivotal area the rest of the afternoon, as a move back under that zone that does not get turned right up would mean a move down from another top and coming through prior buyer area

22 Jun 2018 01:52 pm
another small pullback from resistance turning up at 65 and will need to come down through 65-64 otherwise good uptrend stays intact especially if resistance sold again

22 Jun 2018 01:55 pm
should be buyers hold 65 and especially not go under 64, otherwise things could be changing from another failure at resistance. It has been well bid on this grind higher, and probably should continue and attempt to get through resistance after severa

22 Jun 2018 01:59 pm
so far only a very tiny pullback away from 67.50 top of the zone and couldn't get momentum if it goes through 65 and especially 64, and with small pullbacks holding must turned up at 65 – going to the 64 area might be too much

22 Jun 2018 02:01 pm
if another pop-up from here it should be sold at 67.50 at the highest otherwise another pullback will also be a tiny one. If you do keep it tight stop

22 Jun 2018 02:04 pm
65.50-65 needs held or else could continue on down and may need the Dow to turn down making a double top for anything to get going on the downside. Should be going towards 70 area if they break over 67.50 with only a tiny pullback after

22 Jun 2018 02:05 pm
67.25 resistance sold, should have a tight stop just over the top of the zone and this is a scalp to start with and hanging onto part just in case 64 broken

22 Jun 2018 02:12 pm
scalp trade should be covered at 65.25 or better and a stop at the break even area which is basically at resistance now, should not go back up there if going to have a breakdown after three times rejected their with double top on Dow

22 Jun 2018 02:13 pm
65.50 or better to be safe, as that leaves the door open for a possible move back up there one more time

22 Jun 2018 02:15 pm
this bounce should not be able to take out the high, should hold under 66 area now

22 Jun 2018 02:19 pm
3 tops at 66.50-67.25 today, the first one was before the drop down to 57 first resistance turned support and second one was 4.25 points. Should be test or breaking 64 if there is going to be a decent pullback on this one. Another pop-up should make

22 Jun 2018 02:23 pm
the ES needs to hold under 65.50 now if pressure is going to be on

22 Jun 2018 02:24 pm
64 finally broken through so bring a stop down to 65.75 and look for 62.50 or more on this move. It could end up being more than just another pullback and not go over that zone by much if 62.50 reached or broken

22 Jun 2018 02:27 pm
there is a decent sized tick extreme coinciding with holding 1 tick over 62.50 so could bounce a bit but should hold under 64.75-65.50 new resistance to keep pressure on and keep going through 62.50 and also take out 24,617 on the Dow. Bounce attempt

22 Jun 2018 02:32 pm
averages all holding at prior pullback low areas after making token higher swing highs and should take out 62.50 fairly soon, holding under 64, or else a chance for a pop-up towards 65.50 maximum but should be heading to or through 60 area

22 Jun 2018 02:37 pm
if this goes back over 64 and not turn right back down then a chance for a little bit more of a bounce and shouldn't go back over 64.75-65.50 or else that low might be able to hold

22 Jun 2018 02:39 pm
62 low so far and right now 61.50-60.50 area is key support again or else could go under the 59.50 early updated support. If that should occur then the 62.50 area would be new resistance

22 Jun 2018 02:44 pm
64.50-65.50 should be as far as this goes in order to get another leg on the downside it appears, although doubt it can go back up and run through the triple top at 66.50, 66.75 and 67.25 levels today unless something odd happens end of day

22 Jun 2018 02:48 pm
only a tiny pullback this time so could be another push or run-up towards resistance again

22 Jun 2018 02:49 pm
should hold at or above 64.50-64 area in order to make another move up

22 Jun 2018 02:55 pm
66.25 was reached and barely backing off at the moment and should bounce from 64.50-64 if going to make one more push higher and avoid possible move back towards 62 instead

22 Jun 2018 03:00 pm
currently holding at 64.75 but doesn't look very eager to run back up there so wouldn't be surprised for another drop from up here

22 Jun 2018 03:01 pm
just turned down and now needs to continue holding under 66 and take out 64 again

22 Jun 2018 03:06 pm
holding 63.50 new key support in this range but pressure stays on in less a move back over 65.50 able to actually hold

22 Jun 2018 03:10 pm
65 sold and needs to go over 65.50 and hold above that level otherwise it could end up with another drop instead of running up after failing 3 times are ready at resistance

22 Jun 2018 03:17 pm
well, two-sided action between new support and 66.50-67.50 resistance, and as long as the ES holds under 66 it should be bearish the way the market has acted this week

22 Jun 2018 03:20 pm
we did have the VIX dropped to a lower low at 13.31 and turned up coinciding with the 2:05 reversal at resistance and so far only made it back up to 13.70 – still very complacent and should be going up over 14 again sometime soon which would mean a

22 Jun 2018 03:23 pm
if the ES stops the two-sided action and comes down and takes out 62-61 area, then a hold under 62.50 and down turn after should keep pressure on to or through 59.50. Has to go over 65-65.50 and not get turned down yet again

22 Jun 2018 03:30 pm
another poke sold at 65, and should keep on going with bounces failing at the end of the day

22 Jun 2018 03:31 pm
should come down to test or break 62.50-61.50 and would need to have a bounce with some gusto otherwise another failure leads to another breakdown today

22 Jun 2018 03:32 pm
so stay short or get short on a bounce for this to keep going for a bit. Can't get over 65-65.50 and stay over that area

22 Jun 2018 03:33 pm
62.50, holding just by 2 ticks so far in keeping this in a trading range at the moment but a failure to go up and take out 65-65.50 again should go back down again

22 Jun 2018 03:35 pm
in the last 30 minutes a move up needs to have some gusto if it's going to go up through 65-65.50 and reach resistance a fourth time, and that's doubtful. But if it does, then 65 needs to hold as new support in order to avoid yet another pullback or

22 Jun 2018 03:35 pm
another pullback or late day drop down through 62-61 is possible

22 Jun 2018 03:37 pm
have a great weekend, and after you read the Sunday update we should be ready to go until I meet you here on Monday morning. Until then take care!

 

INTRADAY LOG FOR THURSDAY - JUNE 21, 2018

21 Jun 2018 08:55 am
Good morning. The ES went to the 62 major overnight area and bounced back to 71.50 and just got down to the 67-66 zone, where you can cover or tighten stop to keep for the possible move back to 62 or a little above

Tuesday, Wednesday, and Thursday from 9:30am-11:30am Eastern Time are our Live Audio/Visual Training Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

21 Jun 2018 11:42 am
since starting back up from the low the ES has been steadily grinding higher and reached the 61-62 prior support where a turn back down should happen if there's going to be another pullback in set of steady grind higher above 61-62, so might make a g

21 Jun 2018 11:43 am
otherwise, has to go back under 57.50 area in order to get a reversal and start something on the downside again

21 Jun 2018 11:52 am
another early selloff and rally back. Today should be hard to hold gains again here or a bit higher. needs to hold 62-61 at worst now, otherwise it could reverse back to the downside, but would still need to break 58 for a reversal where a bounce the

21 Jun 2018 11:58 am
this reversal from 63.50 so far reached 60.75 and can come down to or through the 60 area and then the 57.50 area on this move

21 Jun 2018 12:00 pm
needs to get a move back up with some gusto that is able to hold over 62 and not just poke over and then turned back down again

21 Jun 2018 12:03 pm
should be an important top now with the uptrend breaking and taking out 60 and should keep going through 57.50 eventually and could be headed to or through 56 new key area

21 Jun 2018 12:05 pm
it still short hold on to this for a move to Gore through 56 area

21 Jun 2018 12:06 pm
any kind of bounce should be sold at or below 58-59 area now to stay in good downtrend and not attempt a better bounce before failing again. A day to just sell bounces as this can finally have a day where the downside sticks instead of upside

21 Jun 2018 12:13 pm
barely bouncing after reaching 55.50 and has 57.50 area now to break above and hold to put a dent in the downside momentum right now otherwise going through 56-55 next

21 Jun 2018 12:16 pm
I had to give out some sort of instructions to cover a swing trade short without advantage of early action for those not in the live update sessions, so and still hanging on to part, as the early drop and thinly traded feeble bounce back also sold st

21 Jun 2018 12:18 pm
the better the bounce that stops at or below 61 prior support the better the shorting opportunity has the market is not going to stick and can be going down to possibly test or break 47-46 today and possibly major area around 43

21 Jun 2018 12:20 pm
right now people bounce failing at 57.75 and holding under that level keeps the pressure on to go down to sort through 54.50 and then to the low area if broken and held after the break

21 Jun 2018 12:27 pm
right now be short with a stop at 58 at the moment

21 Jun 2018 12:28 pm
look at the 54.50 area for a key support and bouncing back one more time without taking out 55.50 will take this up over the 58 area and maybe test 60-61 instead of 54.50 or lower

21 Jun 2018 12:31 pm
seems to be decent bid at 55.50 which needs take out and not turned right up again soon if it's going to break down and not go up to test or break 58 instead.

21 Jun 2018 12:34 pm
still should be heading to or through 54 area and if so a chance of going back to test or break the low.

21 Jun 2018 12:36 pm
stop not reached and 54 first target reached and holding under 55.50-56 keeps pressure on and a chance at the 51.75-51.25 area on a move under 54 new minor support

21 Jun 2018 12:38 pm
keep a stop at 58 if you are going to stay in this trade a while longer. I will be away and tell our around 1:20 roughly but will update if necessary ASAP. Bounces still are going to fail

21 Jun 2018 01:04 pm
if you are still short from the stall under 58 this is still going to go back to its low like the Dow has already done so stay with the short side down to around 50 and maybe 47-46

21 Jun 2018 01:10 pm
the Dow made a lower low while the NQ held its low by 6.50 points and the ES 1.75 points above its low. Bouncing from 52 which should not be seen again today if this is going to have an afternoon rally again and avoid a bigger breakdown. This afterno

21 Jun 2018 01:20 pm
if the ES has actually turned the corner and going to have a decent rebound back it must hold 55-54 and have the 58 level taken out

21 Jun 2018 01:26 pm
this could end up being another failed bounce attempt and the ES cannot get back over the 61-62 area at least, and then stay up there. A pullback from 59.50 can come to 56.75 area but shouldn't go much further and turned up to keep good uptrend from

21 Jun 2018 01:34 pm
this run-up stopped just under the 2760 level and is backing away and so far just above 57 but could get going down again to or through 56 if no quick turn up

21 Jun 2018 01:37 pm
twice today the ES has turned down from just below the 60 EMA on 5 minute chart (day session only), and turning up from 56.25 it might have a chance at going through it, currently at 2760.25 and just under 61-62 resistance for this bounce. A failure

21 Jun 2018 01:45 pm
ES holding the 56.25 then 56.50 levels and moved up quickly both times and should stay in a bounce back mode now as long as 58-57 support able to hold, and get over 60.50 then hold around 60-59 at worst after that

21 Jun 2018 01:46 pm
should be coming right back down if going to hold under 60 EMA and the 61-62 resistance at the moment and a chance of taking out 57-56

21 Jun 2018 01:48 pm
bounces are going to continue to fail, even though an afternoon bounce is underway. The upside should be labored with the damage that has been done and bounces should have trouble holding still, even in an uptrend

21 Jun 2018 02:00 pm
if the ES continues going sideways under going sideways under 59.50 needs to hold 58-57 in order to stay strong here and go up to or through 61-62 area

21 Jun 2018 02:05 pm
pop-up in reversal from 61.50 resistance and moving back under 58-57 will make this a top and bounces keep failing at or under 61-62 prior support/new resistance

21 Jun 2018 02:06 pm
the short under that area on any kind of bounce for a scalp trade anyhow. A move back under 58-57 seems likely here and so could be a bigger breakdown

21 Jun 2018 02:08 pm
should be bought by shorts covering or whatnot on another pullback to 58-57 and might be enough to get this back over 62

21 Jun 2018 02:09 pm
sellers were aggressive last time to this zone, but things have turned around for a while it appears as long as 58-57 area holds at or above on another pullback

21 Jun 2018 02:16 pm
certainly appeared to be a reversal of 61-62 by aggressive drop from 61.50 last time up here, but turned up at 57.75 level which acted as a resistance area shortly after noon– and now only soft pullback and should hold around 59 or could keep going

21 Jun 2018 02:19 pm
double top at 61.50 new resistance, and still short under 62 and looking for a move under 59 that holds after they break down. Another bounce that takes out 62 and only has a tiny pullback needed or continue breaking down

21 Jun 2018 02:20 pm
if short under 62 then look for this to head back to or through the 56.25 area in order to have a bigger pullback/breeakdown in the afternoon

21 Jun 2018 02:23 pm
so far reached 58 and a bounce will be sold into under this double top

21 Jun 2018 02:23 pm
should be on the way down to or through 56.25 and a transition level after coming up from a higher low

21 Jun 2018 02:24 pm
and if broken without being turned right back up then down to the 52 level or more

21 Jun 2018 02:29 pm
57.25 low so far and has to go under 56.25 without getting turned right back up in order to have a bigger move lower that could go on interrupted for a while moving lower. Should holds under 58.50

21 Jun 2018 02:33 pm
the ES is moving in slow motion it seems right now and should get another move down if this bounce stops at or under 59.50

21 Jun 2018 02:34 pm
even small bounces are being sold now and should keep going down to or through the 56.25 and then the 54.50-54 area would be next

21 Jun 2018 02:39 pm
another tiny bounce sold into and should be on the way to test or break through 56.25 and get downside momentum if that happens

21 Jun 2018 02:40 pm
still need to the selling bounces under the 59.50 area now. This stays bearish under that level down to or through 56 and may be to or through 54.50-54

21 Jun 2018 02:42 pm
56.25 pullback low so far holding right at a potential further breakdown area to or through 54.50-54 holding under the 59.50 prior bounce high should keep it under pressure to go down to that area

21 Jun 2018 02:44 pm
be short as I have been saying if you are not down to the 54.50-54 area at least and on a bounce attempt that fails would be another shorting opportunity as market acting poorly still

21 Jun 2018 02:49 pm
a bounce should fail at or below the 58 and especially 59.50 fifth going back to test or break pullback low at 55.75 level

21 Jun 2018 02:51 pm
Taney bounce turning down under 58 and pressure stays on holding under that level to go down to 54.50 or more

21 Jun 2018 02:56 pm
at the 55.50 pullback low and needs to get over 58 and especially 59.50 in order to attempt a turnaround and avoid going to 54.50-54 or lower possibly to 52 or more

21 Jun 2018 03:00 pm
54.50-54 target/support reached but headed to learn through 52 area on this move the way it looks right now

21 Jun 2018 03:02 pm
3 PM turnaround attempt after touching the 53 level, and going back over 56.25-56.75 and not coming right back down needed to get rally attempt going and not a failed bounce attempt

21 Jun 2018 03:04 pm
needs to get above 56.25 or still in a downtrend and possibly another new low on this move.

21 Jun 2018 03:08 pm
looks like holding under 56 needed to keep pressure on to test or break through 52. Holding and taking out 56 without a quick reversal necessary to attempts a decent bounce and not reversing again

21 Jun 2018 03:12 pm
ES is going to stay under pressure as long as bounces of about 3-4 points continued to fail. Looks like 57-58 area needs taken out and held, otherwise that prior support/new resistance keeps us under pressure down to 52 or more– possibly 47-46

21 Jun 2018 03:17 pm
market is going to be bearish and under pressure and take out 53-52 and could keep going to the 47-46 area so stay with the short side. A stop could be just over that area, or lower as this should keep going lower

21 Jun 2018 03:20 pm
51.50 reached so far and the Tao is currently trying to hold a double/triple bottom and if it goes under 24,450 pressure could be on even more at the end of the day

21 Jun 2018 03:22 pm
47-46 target although could continue on down to or through 43 if it's going to get ugly for the bulls

21 Jun 2018 03:25 pm
47.75 level was reached and quickly turned up and should be a low now, just needs to get over the 52-53 area otherwise pressure still on to test or break that low.

21 Jun 2018 03:28 pm
pullbacks probably will be bought in less there is a reversal from around 55.50-56.54 lower and goes under 52.50-51.50 area without a quick reversal back up again

21 Jun 2018 03:32 pm
after the stall at 55 ES turning back down and should test or break 47-46 on this move or tomorrow morning at the latest as long as there's not a move back over 56 area now

21 Jun 2018 03:34 pm
still have profit target at the 47-46 area, have a stop at 55.50 now as there should be another higher swing high if going to go down to the 47-46

21 Jun 2018 03:36 pm
have a great rest of your day! I will update tonight and then meet you here in the morning. If you have been holding short positions you may want to hang on for one more day.

21 Jun 2018 03:37 pm
one more day if this does not go back over the 55 level at the end of the day. That 47-46 zone should be seen before today's close if his claim to be reached I thinalthough it could augur a poor Friday also

21 Jun 2018 03:38 pm
I will update this evening and then I'll meet you here in the morning before the open. Take care!

21 Jun 2018 03:43 pm
token lower low at 47.50 and should poke down to or through 47-46 before any sort of bounce attempt it's looking like. Take care!

 

INTRADAY LOG FOR WEDNESDAY - JUNE 20, 2018

20 Jun 2018 08:52 am
Good morning. Will start online at 9:30 again today.

20 Jun 2018 08:53 am
As for the market, extremely close to oversold but this gap up open should not get above 76.50-77.50 and hold early, or it could go over 80 before reversing back down again or having a pullback least.

20 Jun 2018 08:57 am
parabolic move up if 76.50-77.50 reached

20 Jun 2018 08:59 am
I will meet you online at 9:30 and hope that we don't have any interruptions, but if so we will come back here. Otherwise I will update around 11:40-11:45

20 Jun 2018 09:18 am
75 need broken held now

Tuesday, Wednesday, and Thursday from 9:30am-11:30am Eastern Time are our Live Audio/Visual Training Sessions. These sessions include visual of Mike's charts and audio. Mike gives his market bias and new dynamic support/resistance, along with pointing out setups that are in Mike's e-book. This is an included perk in a "real time" subscription.

20 Jun 2018 11:42 am
after breaking early trading range between 75.75-72.00 a break down to the 67 top of yesterdays closing range was reached and then bounced back to 73 "last trapped" area and would need to go back under 70-69.50 without turning right back up in order

20 Jun 2018 11:44 am
possible move to 76.50-77.50 resistance if moving back over 73 able to hold and get some momentum instead of backing away and breaking/holding under 72 area again

20 Jun 2018 11:52 am
should be sold at or under 73 for a move back to or through 71-70 area and maybe more if not just a tiny dip

20 Jun 2018 11:54 am
tiny pullback holding and as long as 71.50 is not broken a chance for another pop-up that could stick instead of reverse and possibly start a move to or through 71.50 support

20 Jun 2018 11:59 am
More than a token higher high so needs to take out 75.50 and then the 76.50-77.50 resistance zone just above that high for the day

20 Jun 2018 12:01 pm
the NQ in a good uptrend, the ES still trying to move higher to its early high while the Dow cash still in the minus column but could get turned around if it gets over 24,680 and able to hold for it to turn around

20 Jun 2018 12:02 pm
minor resistance at 75 and needs broken and able to hold and turned up at 74 at worst was some gusto to test or attempt breaking 76.50-77.50 resistance and likely a good area for a reversal if reached

20 Jun 2018 12:07 pm
interesting that after a dropped to 12.25 just before the open and going up to 12.98, but only has come down to 12.51 right now with the ES that 75.50 and just under 75.75 early high and could be a 123 top being made

20 Jun 2018 12:09 pm
need to have a good bounce from 74-73.50 or else may not make it to the 76.50-77.50 area before backing away, or getting strong run up go parabolic towards the 81-82 area – possible but doubtful at the moment

20 Jun 2018 12:10 pm
there is a short on another pop-up with a stop just above the 77.50 level, just over 76.50-77.50 resistance for right now at least

20 Jun 2018 12:11 pm
a short under that zone may not give a whole lot unless this takes out 74 and not turning right back up – could be going to or through 72 area then instead

20 Jun 2018 12:13 pm
in any case, whatever your risk tolerance it is a short at or under the 76.50-77.50 area with a stop just over the 77.50 level for what should be a swing trade and not the trade depending on what happens afterwards

20 Jun 2018 12:20 pm
a pop-up immediately sold at 75.25 which is just a bit the double top and the 76.50-77.50 major resistance on this move and taking out 74 area gets this going back down for a while to or through 73-72 and if it's through 70.50 key area

20 Jun 2018 12:23 pm
we have the VIX reversal in up from a pullback low also and needs to break above 12.70 iF downside going to make quick drop. Whatever the case a toppy market and could begin breaking down any time while holding under 76 right now

20 Jun 2018 12:26 pm
I will be back around 1:15-1:20 but will update earlier ASAP as soon as free. Should be highs in place as long as this pullback doesn't springboard up from 73 above 75 with some gusto so it can stick

20 Jun 2018 12:46 pm
don't really like the way the ES made it up to the 76.50-77.50 zone and should hold at or above the 76-75 area, and to scalp out of part of that position and a stop just above the high on the rest. after a small dip this will likely break through and

20 Jun 2018 12:47 pm
if you are not in this already you may not want to as upside strong most of the day

20 Jun 2018 12:49 pm
right now as long as there is no move under 77 then 81-82 as a chance of being reached, but maybe not on this move as it has to hold over 76.50 and turned up otherwise may be a high and for a bit from just above resistance about a minute so far

20 Jun 2018 12:53 pm
will need to take out 78.50 next and hold at or above 77 and turn up with some gusto to make it to 81-82 and not have a reversal happen from just over the 77.50 resistance up here and go under 76.50 and not turn right back up

20 Jun 2018 12:56 pm
up in this area around 78 should be a top, just over 77.50 and not holding over that level very long and needs to hold 76.50 else another pop-up is going to be sold, and should be anyhow right now. There can be >4 point pullback and possibly back to

20 Jun 2018 12:58 pm
a swing trade with a stop right now just above 82, and will either add if a better bounce fails but should not get over 82 before getting a decent pullback

20 Jun 2018 01:19 pm
with the NQ makingnew all-time highs again the ES is at a place on the chart where a bounce can come from but needs to continue holding 75.50 or else a top might be in and a bigger pullback/selloff possible

20 Jun 2018 01:23 pm
this bounce should hold under 77.50 and not just go 3 ticks over the top and come back down again. if the Dow holds under 24,711 right now and the NQ stops and holds under 7325.50 area this can roll over as easy as it could make another run up – an

20 Jun 2018 01:25 pm
at the moment in short position and a stop for this spleen trade currently just over the high and at 82 at the highest but should be breaking down from 77.50 area

20 Jun 2018 01:26 pm
NQ turning down to help and if the bow rolled over again and takes out 24,695 the ES could go back to around the 74-73 or lower

20 Jun 2018 01:27 pm
a stop should be at 77 right now, should not get back to that level if top in just over 76.50-77.50

20 Jun 2018 01:28 pm
target with this breaking down is the 73-72, which must hold or else a top really has a good odds of being in place and undergoing major pullback then just the normal intraday move and could be double digits from the top

20 Jun 2018 01:31 pm
bounce from 73.75 is at support basically, 74-72 area important to go under and then a hold if there is going to be a bigger drop or pullback from up here. At the moment new resistance at 76-76.50 and if broken above the 77-78 area now major Tuesday

20 Jun 2018 01:35 pm
the ES is still in a bigger uptrend at the moment, but countertrend trade due to reversing the 76.50-77.50 area by going over by 3 ticks and then coming back down through that area and holding – and pressure stays on as long as a hold under 75.50-7

20 Jun 2018 01:44 pm
a test of 73.75 low so far held at 74.25 and turned up. A move over 76.50 that is not rejected like it should be could make it back towards the high but should not stick if it does

20 Jun 2018 01:46 pm
pressure stays on holding under 76 breakdown level

20 Jun 2018 01:48 pm
could make a move up to test 76 breakdown level, would need to keep going on up and take out 77.50 and hold above that also if going to keep going on the upside

20 Jun 2018 01:51 pm
with 76 breakdown level and updated resistance being touched and turned down, then will need to bounce from 75 otherwise could keep going down to or through 73.75 and if through then 72

20 Jun 2018 02:03 pm
bounce sold at 76.50-75.50 resistance and backing away, but unless there's a break back under 74-73 or more than upside still could get through that area and if so quite have a chance at the 81-82 area. Need to at least come down through 75.50-75 soo

20 Jun 2018 02:08 pm
with 75.50 holding on a quick dip and popping up again, we have a chance for another move to or above 77, but if rejected yet again and takes out 74 then it could keep going to/through 72

20 Jun 2018 02:15 pm
with this holding small pullback this should make a move back up to the high area and if no quick reversal again a shot at a breakout and test 81-82 before getting hit with some selling. It has been unable to get over 77.50 and hold over that level

20 Jun 2018 02:17 pm
should be another short up here even if just for a scalp trade as long as 77.50 area continues to get rejected. It really will take a move back under 75.50-75 area that holds now

20 Jun 2018 02:19 pm
need to be away about 10 minutes but will update soon. Could be a breakdown on this reversal/injection of 77

20 Jun 2018 02:26 pm
a chance for this to keep pressure on holding under 76.50 on the way to test or break 74 area

20 Jun 2018 02:31 pm
this market has had some range bound trading along with two-sided action again after selling off in the morning and bouncing back starting around yesterdays closing range, but unless the ES is able to take out the 77.50 resistance it stays vulnerable

20 Jun 2018 02:35 pm
heading to the 74-73 area and if no sign of stopping then 72.75 must hold or else could be a sizable pullback underway

20 Jun 2018 02:35 pm
plan on holding shorts from 76.50-77.50 area overnight if this keeps going and instead they under 73

20 Jun 2018 02:44 pm
going through 72.50 goes through the 50% retracement from the morning low and keeps the door open to test or or break 68-67 if the downside

20 Jun 2018 02:46 pm
if you are unable to hold a trade overnight and entered as instructed at at the 76.50-77.50 zone or short from somewhere else then the 72 level is a good place to cover at least part. Bounce resistance at the 75 level

20 Jun 2018 02:51 pm
if this bounce turns down from 74.75 or lower on this move and takes out 72 then should try the 70.25 area which is about 25% pullback from yesterdays low to today's high. Looking at the 67-66 zone, if a break below that 70.25.

20 Jun 2018 02:56 pm
right now 74 holding the market down and should take out 72 area soon if it is going to and set of moving back up towards 74.75 which should be a important bounce resistance to clear or else more downside

20 Jun 2018 03:00 pm
70.25 just missed so far and looks like it could be an important area to hold as it was also an area where the market bottom before moving on up to its highs and 123 top at 88.25-87.50 and turning down at 2:15. Should test or break that area and if b

20 Jun 2018 03:03 pm
this could be one of those days where this move will keep on going possibly into the close, so keep short with a trailing stop of some sort in case of a reversal. Should not see 73.75 again, a pullback low at 1:15 and bounce high at 2:55. Bouncing fr

20 Jun 2018 03:09 pm
68-67 is next. Dynamic resistance on 1 minute chart is downtrend guide off of the high for the most part should still be watched as it needs broken to attempt breaking 18 EMA try to same downside momentum – currently 72 area

20 Jun 2018 03:11 pm
might be a 3 PM low in place but will need to hold the 70.25 updated support and get over 72.75-73.75 area and stick instead of another pullback

20 Jun 2018 03:14 pm
pullback from 70 almost to the 73.75 area, should be sold if the downside still going to have another move to the downside rather than "normal" of the late run up

20 Jun 2018 03:18 pm
74.75 pivotal area,, prior swing low and the last little bounce high sold at that level. Should be important to get above and stick otherwise back down to the lows instead of firming into the close

20 Jun 2018 03:26 pm
still needs to make a move back over 73.75-74.75 and not turn right back down in order to keep a grind higher. Should not go back under 72.50 area if reached

20 Jun 2018 03:28 pm
in the last 30 minutes it looks like the ES will need to get over 74.75 and then only a small pullback in order to attempt the 76.50-77.50 area again, but if not taken out and a pullback starts, 72.50 he support and then 70 again if broken

20 Jun 2018 03:30 pm
if somehow there is a reversal in the ES goes back down under 72.50, then there's a chance of going to the low and if 70 also doesn't hold that 67-66 major area the rest of the day

20 Jun 2018 03:33 pm
so far the ES made it back almost to 74.75 and will need to keep going on up through that level and keep holding the 18 EMA on 1 minute chart in order to keep uptrend intact

20 Jun 2018 03:38 pm
that's it for today, except there could be a last 30 minute pullback of some sort and another bounce after that possibly. The way this can end of is with a poke over 74.75 and reversal. That just now happened – and should hold 72.50 or else bigger

20 Jun 2018 03:39 pm
have a good rest of your day. If short and going to hold overnight, consider locking in partial profit on a move back to the 72 area or lower if reached today.

20 Jun 2018 03:39 pm
have a good rest of your day! I'll update you this evening and then meet you here with a quick comment before the 9:30 AM live session. Take care!

 

INTRADAY LOG FOR MONDAY - JUNE 18, 2018

18 Jun 2018 09:04 am
Good morning. for all of the bulls in the market, it is not going to be a good Monday open if 71-72 area is held below, and does not get a decent bounce from 65-64 major area again (63.50 pre-open low quickly turned up) if reached.

18 Jun 2018 09:11 am
the VIX up 10% already, and reversing from overly bullish/extreme complacency turning up from 11.93 Friday before the close to 13.20 and could go another point or more over 14, and a reversal down would then be short-term bullish.

18 Jun 2018 09:19 am
in case of a lower low under 63.50, 62 is as far as early selling goes or else 58 next. Would need to have a good bounce off of 65-64 takes out 72 and holds 70

18 Jun 2018 09:29 am
update about 5-10 minutes after the open, a run-up needs to go through 71-72 prior support major area and stick at the highest, 67-68 if a pop-up from 65-64

18 Jun 2018 09:32 am
has to turned out and take out 66-67 or keep going to or through 62 and if it is through then 58.50 could be seen before a bounce of some sort

18 Jun 2018 09:35 am
a short under 63.50-64 at the moment

18 Jun 2018 09:35 am
a chance at the 58.50 area holding under 63 right now

18 Jun 2018 09:38 am
one more push lower that gets turned up at 62.50 62 at lowest and turns up again with gusto and takes out 65 top of prior support area. 65 is resistance right now

18 Jun 2018 09:41 am
64-65 prior support is new resistance and pivotal area to clear and hold to avoid dropping to or through the low and 58.50 area possible

18 Jun 2018 09:43 am
making early turnaround and will avoid breakdown holding over 62.20 at the very lowest and a move should take out 65 and hold 64 area and turned up again and keep going up through 68 area

18 Jun 2018 09:45 am
pullbacks should be bought still and could get one from 67-68 area but hold 65-64

18 Jun 2018 09:49 am
pullback held at 65 and turned up reaching 68 so far and needs to go through 68 and stick to avoid possible rollover and attempt 72 area if it does

18 Jun 2018 09:53 am
71-72 resistance to get through and hold now, or else a move back under 67 could be pullback that breaks uptrend

18 Jun 2018 09:57 am
9:50-10:10 timeframe for a turn but need to break and hold under 66-65 area now or another pop-up that needs to make a new high or else come back down and begin polling back

18 Jun 2018 10:04 am
must not go back under 66 area and stick for could be a breakdown instead of attempting to hold up and go to work through 68.50 and strong enough to hold their and keep on going up to 72 area

18 Jun 2018 10:08 am
beginning to look like holding under 68.50 and 24,900 on the Dow cash keeps this under some pressure and a move to more through 65-64 would need to hold and give strong bounce to avoid breaking down to or through low area

18 Jun 2018 10:17 am
68-68.50 should be a bounce high for a while unless a good bounce from 65-64 with some gusto, not just a nudge higher or else it likely will fail again

18 Jun 2018 10:20 am
should be important pullback low in place at 65 and should not take out 65 area now but needs to take out 68 and not turn right back down or else another trip to 65 likely breaks through

18 Jun 2018 10:22 am
should hold 68-67 on this dip and keep going to 72 area before a reversal. Taking out 67 though could mean a high in place for a bit at least

18 Jun 2018 10:27 am
65.50 held on the dip and needs to get to work through 71-72 on this move next in order to keep uptrend from a potential reversal. Holding under 70 much longer starts a pullback to slice through 67

18 Jun 2018 10:36 am
can avoid breakdown still holding 67 which was held at 67.25 on the last level pullback and now should take out 72 and must stick over 70 area after to keep uptrend from the low

18 Jun 2018 10:38 am
70.50-69.50 area should hold or give a bounce if tested on a dip from 72 area if reached, gap day filled and a chance for up and day – although will not be able to stick at higher price

18 Jun 2018 10:43 am
73 reached easily so far and should not go back under 72-71 area now in order to keep a strong uptrend and not have a pullback to or through 70

18 Jun 2018 10:47 am
holding at 72.25 after breaking that resistance gave another push to 74 prior minor support and should be headed to test or break 77-78 as long as 72.50 holds now

18 Jun 2018 10:50 am
may not reach the 77-78 area on this move and hold under 76 instead and pullback to or through 73

18 Jun 2018 10:53 am
a top being made and 72.25 needs held on a pullback. A short what they stopped just above 75.50 right now

18 Jun 2018 10:54 am
unless broken soon then taking out 74 and not turning right up should keep going down to or through 72 area but needs to break 74 and not get turned up immediately instead get a little momentum on downside

18 Jun 2018 10:57 am
stayed under 75.50 so far and need a move over 75.50-76 that sticks can keep going to or possibly through 77-78 and instead of test/break 73-72 area

18 Jun 2018 11:00 am
scalp trade covering at 73.25 or better on at least 1/2 of the position and stop at breakeven on remainder in case of no bounce

18 Jun 2018 11:02 am
with it not breaking down through 73-72 which is just a small pullback from the top, a chance to go back to a token higher high but not stick at 77-78 if reached

18 Jun 2018 11:03 am
another pullback should test or break 73 holding under 75.50

18 Jun 2018 11:04 am
needs to go to 73 or lower in the next 2-3 minutes or else will end up with another pop-up and take out 75.50 instead of the pullback or breakdown to or through 73-72 area

18 Jun 2018 11:06 am
beginning to look like it can hold up a bit longer with a shot at 77-78 unless break 74 and then 73-72 very soon

18 Jun 2018 11:08 am
should have made its move by now so getting out of trade and only short on break of 74

18 Jun 2018 11:09 am
could fail up here and roll over still, but needs to do so soon in the next few minutes if it's going to instead of taking out the high at 75.50 so far

18 Jun 2018 11:11 am
getting a little squeeze over 75.50 and should hold their on a pullback now and turned up if the upside is going to continue strong. 76-75.25 new pullback support that should hold to keep good upside

18 Jun 2018 11:13 am
must not go back under 76.50 and stick now or else there could be a high in place at 78 for a while, but if held and turned up from there than another higher high going for the 80-80.50 area next

18 Jun 2018 11:18 am
the VIX jumped up to 13.74 and so far dropped straight down >1 point to 12.60 and just turned up a bit and couldn't coincide with an important high at 78 resistance if goes much further

18 Jun 2018 11:19 am
need to hold 75.50 area and take out the high at 78 and stick or else could be reversing and heading to work through 64 area. Should be a short up here again under the high

18 Jun 2018 11:21 am
should see 74 again before seeing 78.50 prior support broken and held

18 Jun 2018 11:29 am
stayed under the high and reach 74.75 were a bounce needs to start again and make another high over 77.50-78.50 area and stick up there. It should be sold at that area for a pullback instead

18 Jun 2018 11:32 am
A chance of getting up there but not stick has to take out that 74 level which has been pivotal around that level like it had a chance of being. Would be exit for just below that if breakdown

18 Jun 2018 11:32 am
should be sold under 76 and keep going here to work through 74 and the up through then 72 -71 possible

18 Jun 2018 11:35 am
should still be pressure on under 76 a short as 74 just reached and could still keep going to or through the 72.50-71 area

18 Jun 2018 11:38 am
target/minor support area reached and should keep going down to around 72-71 and then a turn up if there is going to be another bounce of some sort and not just keep going lower

18 Jun 2018 11:40 am
still can short under 74.50 area now as a bounce should stop there if staying under the 76 level, which needs broken above with some gusto then held to the attempt better bounce rather than dropping to or through 72-71

18 Jun 2018 11:46 am
ES reached the 72.50 level, just over 72-71 he support, and a little pop-up starting that should turned down at 75 or lower in order to keep current downtrend and head to or through 70 area which is level of today's move. Going back up through 75-76

18 Jun 2018 11:49 am
the tick extremes marking highs and lows so worth a watch especially right here around 75. Update in about 10 minutes roughly

18 Jun 2018 12:00 pm
another failure at 75.25 and on its way to or through 70 and possibly go to 68 area or more. It still a short on a bounce up to around 73-74 as this 72 area should be broken through and 68 area reached before a chance of going back above 75 holds it

18 Jun 2018 12:03 pm
73.25 bounce high so far and should roll over from this area under 74 to get another push under 72 going towards 68 or at least the 70.50 level to take some profit if reached

18 Jun 2018 12:03 pm
should not go over 74 now

18 Jun 2018 12:07 pm
probably should be flat here and look for a pullback that turns up from 72 area for a quick scalp on the long side, and a short then on a move over 76 that is turned away

18 Jun 2018 12:13 pm
need to either breakout over 75 and hold, or under 72 area and hold. This sideways action could have another pop-up but likely not go through 76 or hold 75 very long unless trying for its high holding 75 on a dip and turning back up

18 Jun 2018 12:18 pm
backing away from 75 again and short under that with a target at 70.50

18 Jun 2018 12:20 pm
probably too late for a good entry but still should be going towards 70.50 or lower on this move if 72 is broken through and not immediately turns up or a failure first at 73-73.50

18 Jun 2018 12:21 pm
which just happened and now should stay under 73-73.50 on a bounce attempt on the way down to test 70.50 or may be more

18 Jun 2018 12:24 pm
I need to be away until around 1:15 but will update when possible and necessary, and would stay with this shorts and takeoff 1/2 at 71.50 or better and put stop at breakeven on remainder looking for 69.50-68.50 area

18 Jun 2018 12:24 pm
MIT

18 Jun 2018 12:28 pm
should be out of 1/2 of short position and stop now at 72.50 looking to cover at 68.75 or better if it moves to that area with no sign of turning

18 Jun 2018 12:49 pm
bounce went above 72.50 but looks like it just topped out and could be on its way back to your through 70.50 area again

18 Jun 2018 12:53 pm
will need to stay under 72.75-73.25 area at the highest in order to get another push to 70.50 area or more. A short under that 73 at the highest for a move down to or through 70.50-69.50

18 Jun 2018 12:54 pm
NQ breaking down a bit more which could help take ES down and especially should the Dow has a pullback also

18 Jun 2018 12:59 pm
should be pullback low at 71.50 and pop-up reached 73.50 and should hold 72.50 on any dip now and try for 75 area for more on this little run-up and then be sold again

18 Jun 2018 01:16 pm
stalling at 75 and backing away is a short with a stopover 75

18 Jun 2018 01:18 pm
should be more than just a pullback taking out the 73.5-73 area that's not turned right back up. I think I'm fighting and uptrend that appears it could break down about any time

18 Jun 2018 01:19 pm
has to take out 73.50-73 area and if that happens this sideways/higher move heads back down towards 71.50

18 Jun 2018 01:21 pm
should scratch out of this even though 75 not broken yet, it should be as long as 73.50 holds but if broken then bounces will begin being sold most likely

18 Jun 2018 01:22 pm
the could hang onto this and bring stop down on a break under 73.50, however still than uptrend unless broken and could go up to 76.25 area or some selling came in after the top this morning

18 Jun 2018 01:25 pm
that's why not to sit letting stop it hit when market not doing as expected, and another spurt higher taking out a new dynamic resistance and hold 75-74.25 on any pullback now – which come from 77 or lower and then must pop back up otherwise bounce

18 Jun 2018 01:26 pm
should be bought at around 75.50-74.50 at lowest if reachedand not go under 74, otherwise could be reversing

18 Jun 2018 01:32 pm
bounce high in place under 77.50-78.50 and should be a short at or under that zone and taking out 75-74 area could cause another breakdown of some sort so must turned up again at 75-74 maximum

18 Jun 2018 01:38 pm
should be a short under 77 with a stop just over that level and a move to 74 or lower a possibility holding under 77

18 Jun 2018 01:40 pm
if 77 is poked above then 78 is the high for the day and 77.50-78.50 prior support turning into new he resistance to get through, otherwise pullback could take out 75-74 – – and needs to start down there in the next minute or 2

18 Jun 2018 01:44 pm
75 reached but needs broken and take out 74 in order to be more than just a dip in an ongoing uptrend, but needs to at least get to the 77.50-78.50 area and not be rejected this afternoon in order to keep this grinding higher, otherwise needs to take

18 Jun 2018 01:52 pm
a very slow market after the 12:30 low especially, and now if 77 is not taken out and move to the 77.50-78.50 resistance then should end up breaking 75 and 74 also and could go further so currently bearish under 77 and taking out 75 can get the downs

18 Jun 2018 01:54 pm
if you got short then put your stop at 76.25 as that should not be seen if this is going to take out 74 before any bounce

18 Jun 2018 01:59 pm
bouncing from 74.25 at the moment and probably will not go much further before another pop-up if this current action is going to continue going towards 77.50-78.50 or higher assuming no failure again around 77

18 Jun 2018 02:02 pm
sideways action with buyers just over 74 and sellers around 76.50-77, and will need to keep going and poke through 77.50-78.50 and not get turned back down, – which doesn't look like is going to happen holding under 76.50-77 and should be a short a

18 Jun 2018 02:04 pm
it looks like any kind of bounce now that stops at or under 76.50-77 it should be sold all oh won't go back up there again if this takes out 74 on this like down and not reverse up with lots of momentum

18 Jun 2018 02:04 pm
be short under 76.25 at the highest

18 Jun 2018 02:08 pm
quick reversal back up again from a token lower low at 74 exactly and should take out 77 on this move and poke into 77.50-78.50 area

18 Jun 2018 02:09 pm
should be sold up there at 77.50-78.50 and then a pullback that follows bought again at or above 75-74

18 Jun 2018 02:11 pm
77.50 sold and 77.50-78.50 should be hard to get above and stick, unless a pullback holds around 76and is quickly turned up

18 Jun 2018 02:13 pm
from 77.50 bounce high and 2 ticks under the 11:10 top at 78, and must bounce from 77-76.50 or else deeper pullback that could go down to or through 74 if a grill breakdown happens

18 Jun 2018 02:16 pm
look for another pop-up to the 77.50-78.50 zone be a short, not going to happen though as likely topped at 77.50 already. Only the trend up day after a gap down open keeping this going. If 75 bought stop should be 74.25 at worst

18 Jun 2018 02:21 pm
after the VIX reversed down from 13.74 just 5 minutes after the open and plunging 1.14 points to 12.60 at 11:10 and just went to 12.53, needs to avoid a reversal which could happen with a little more upside

18 Jun 2018 02:24 pm
another pop-up as long as 75.75 is holding should be sold at the 77.50-78.50 zone and not take out 78.50 without a pullback of some sort but must hold 76-75 area if it does

18 Jun 2018 02:27 pm
if 78.50 is broken then another dip should be bought and would do so above 76.50-76 otherwise may be more than just a pullback

18 Jun 2018 02:30 pm
was sold at 78 middle of the resistance zone and should not take out 78.50 and stick very long. A pullback >3.50 points will break upside summitry and make this a top at resistance if it does. You may want to take some profit that 76.50 current uptre

18 Jun 2018 02:36 pm
pullback from 78 resistance that was a shorting area in 77.50-78.50 zone needs to at least break down under 75.50-75 area where there should be some buyers and a spike back up if reached and maybe more, so cover at 75.50 and the other at 74 in case

18 Jun 2018 02:41 pm
76.25 has been holding and will need to be broken in order to 75.50 or 74, but keeping uptrend going. Should be flat and another pullback should be bought as long as 76 area not broken

18 Jun 2018 02:43 pm
this has been a slow and choppy trend up move with some head fakes along the way, and again at resistance and another pullback could happen, but not take out 76 or else might be topping

18 Jun 2018 02:45 pm
a chance for this move to keep going into the last 15 minutes or so of stock trading, if not a reversal at 3 PM that puts in a top – which we have at resistance at the moment anyway and sold again

18 Jun 2018 02:46 pm
a stop over the 78 level as the 77-78 prior support/new resistance is holding this down and heading to 75-74 at least unless 78.50 broken today

18 Jun 2018 02:53 pm
polling back deeper finally off of resistance and 75.50 so can cover part and keep the rest a case of breakdown under 74 area that sticks

18 Jun 2018 02:54 pm
stop should be around 76 as that should not be reached again if heading down under 74 rather than just a test

18 Jun 2018 02:55 pm
if you were shorting and the 77.50-78.50 resistance then 77.50 is the likely entry and hang onto 1/2 of your position in case this turns into a better move than just a scalp

18 Jun 2018 02:56 pm
73.75 reached so far, and a chance of a pullback low down here however any kind of bounce would be sold so just avoid Long's at the moment as a bounce only sets up a short holding under 76.25

18 Jun 2018 02:59 pm
bounce attempt starting from 73.75 just before 3 PM and needs to at least take out 75.50-76.25 new bounce resistance in order to break current downtrend and avoid one more push lower that could take out this current pullback low

18 Jun 2018 03:02 pm
small bounce high so far with downside momentum slowing down a bit and will need to go back over 75 without turning right back down again in order to turn this back up

18 Jun 2018 03:05 pm
tightened up stops at 74.75. If taken out then could be some run-up and that would be sold at or under resistance also, but should bounce if continues holding 73.25 low here

18 Jun 2018 03:07 pm
73.50 or lower can be bought to cover, in case of a late pop-up

18 Jun 2018 03:17 pm
stay short right now – going to take out 73 unless 75.50-76 broken and that rejected. Even then 77.50-78.50 should be hard to break can hold if reached a third time today.

18 Jun 2018 03:20 pm
now going sideways again from around 74 up to 76.25 and unless 74.25-74 broken it avoids trouble and has a chance at going up to 76.50 and possibly to resistance again

18 Jun 2018 03:26 pm
could get the rug pulled out from this market and not bounce back so easily someday soon, market still complacent but a bit away from extremes – but should have trouble holding gains up here and have some sort of pullback if 77 area gets rejected.

18 Jun 2018 03:36 pm
bounce still should have trouble around 77.50-78.50 but if broken through then the 81 area would have a chance, but a drop from another test of that resistance should come down to or through 76 again. If the ES takes out the 76 area and not get turne

18 Jun 2018 03:37 pm
this market was acting well and now it's beginning to act like other days were the resistance zone and just below (or a tiny bit above previously) gets sold and unable to hold gains in his up with a decent pullback

18 Jun 2018 03:37 pm
so at the end of the day one more pop-up should have trouble running up through 77.50-78.50 and staying up there.

18 Jun 2018 03:39 pm
there's a chance of it making it up there in the last 15 minutes of trading today given a basically uptrend up move after a gap down open. Will need to avoid going under 76-75 otherwise breakdown possible instead

18 Jun 2018 03:39 pm
favoring the short side at or below the 77.50-78.50 zone now and coming into Tuesday and should get some kind of decent pullback again for the normal buying opportunity.

18 Jun 2018 03:41 pm
have a great rest of the day and I will meet you here in the morning. bounces are still going to fail so short anymore bounces or stay short with us stop just above resistance zone maximum. Take care!

 

INTRADAY LOG FOR THURSDAY - JUNE 14, 2018

14 Jun 2018 09:10 am
Good morning. if this holds it will be yet another time where closing on the low lead to a decent sized higher open. It likely needs to take out 93.50 and hold up there and reverse yesterday's selloff from that area

14 Jun 2018 09:20 am
probably need to break back under 87.50-86.50 to get reversal or top which likely comes from those buyers stuck buying 92.50 area

14 Jun 2018 09:25 am
needs to hold over 88.50-87.50 and keep pushing a higher otherwise taking out 87 and holding under 89-90 after could be a top for a while.

14 Jun 2018 09:29 am
92.50-93.50 area should be sold if not going up to test or break 96 – update a little after the open

14 Jun 2018 09:31 am
should have high in place for a move to or through 87.50 area or more

14 Jun 2018 09:36 am
so far held 1 tick over 87.50-86.50 updated new key support area to hold and has to get over 91.50 or else still can start a pullback

14 Jun 2018 09:37 am
pop-up immediately turned down at 92 and in less 92.50-93.50 is taken out and able to stay up there for a change and go over 96 then should take out 87.50-86.50

14 Jun 2018 09:40 am
pressure on and should be sold two or below 87.50 as long as holding at/under the 92.50-93.50 area

14 Jun 2018 09:46 am
spiked under 87.50 and need to have a good run-up from 87.50-87 to have a chance of going over 91 again although should have trouble holding unless 93.50 broken with some gusto

14 Jun 2018 09:51 am
needs to get over 90 and hold or else bigger pullback so short under that level

14 Jun 2018 09:53 am
has to take out the 87.50-86.50 area soon and then hold under 88-88.50 after that for a good breakdown attempt to 84.75 and maybe lower

14 Jun 2018 09:55 am
pressure should stay on the downside holding under 88 area now

14 Jun 2018 09:59 am
88.50 would need to be cleared and then held on a dip and take out 90 with momentum to stick on the way up through 92.50-93.50, or else test or break the low area and 84.50 important before the 83 level again

14 Jun 2018 10:03 am
should hold the low on a pullback now but taking out 93.50 area and sticking very long should be hard at least first time up there – headed to 96 if it does not turn down at 93.50 area or lower

14 Jun 2018 10:07 am
91.50 new support that must told on a pullback from 94 and just above resistance

14 Jun 2018 10:13 am
holding over 91.50 and one more push higher will need to take out 94 and not turn right back down or else could break under 92-91.50 if that happens, or can't take it out soon

14 Jun 2018 10:16 am
the Dow cash has a triple top 27,352 it needs to clear along with 94.25 on the ES and order to keep this going strong and try to or through 96 or will pullback to or through 91.50-91 instead

14 Jun 2018 10:21 am
the VIX reached 12.05 and turned up and normally and up against this resistance should have at least a small pullback and if not then another pop higher with the VIX dropping under 12 can reverse going back above 12 and holding

14 Jun 2018 10:24 am
should be a top for a while at least if 91 is broken and that high area was the top of the Monday/Tuesday range and stalls and sold in that area a number of times – needs to be taken out and stick otherwise another top at this area could be termina

14 Jun 2018 10:28 am
with pullback holding and turning up at 91.25 and heading back towards the highs this has a chance at the 96 area and may be a tiny bit lower am pullback and see how that acts to see if it's going to try for the 2800 area instead of failing under tha

14 Jun 2018 10:30 am
while the quick rejection of that high area yet again should be top should be in place and bounces fail under that for further downside

14 Jun 2018 10:31 am
this is a short under the highs as a double top at the resistance should not be broken and held over, if so then only a slightly higher high gets sold. Should have minor support at 89.50 area that needs to hold/bounce or else better break

14 Jun 2018 10:35 am
the 86.25 low is also 50% retracement from yesterdays low up to today's high so far, and will need to bounce from above that back over 91 minimum to avoid breakdown

14 Jun 2018 10:39 am
87.50-86.50 prior resistance turning into new support area and taking out 86.25 without turning right back up should go to or 84.50 and could reach or break through 83-82.50

14 Jun 2018 10:40 am
if things get going hard on the downside. Has to take out 86.25 easily. 90-91 new bounce resistance should not be broken/held

14 Jun 2018 10:52 am
a spike to the 86.25 new support and 50% retracement giving a tiny bounce but should be broken if this does not get back over 89-90 and hold over 89 at worst after that and go up from there

14 Jun 2018 10:54 am
84.50 area next

14 Jun 2018 10:57 am
84.50-84 area reached and it will still be under pressure in a strong downtrend holding under 86.50 area

14 Jun 2018 11:04 am
easily took out the 84 level and reached 81 so far and a bounce from this area needs to get back over 84-84.50 and hold that area just to try to break a strong downtrend. Can go to 80.25 and last support before yesterday's 79 close and the 77-76 majo

14 Jun 2018 11:09 am
a quick drop-down pop from a test of the low, and now must hold 81 or else go to or through 78.50 and erase the inside day going so far after failing to take out yesterdays high after a 123 – double top at 94-93.75

14 Jun 2018 11:19 am
85 was reached but turned down and has been holding at or under 84.50 since then and needs to get over 85 again and stick over 84 for a better bounce attempt

14 Jun 2018 11:21 am
pop-up rejected at 85.25 that to 84 and must continue holding 84 in order to try for the 86.50-87.50 area for a bit higher, but if that is not taken out then the door stays open to test or break low area

14 Jun 2018 11:32 am
86.50-87.50 zone reached again and should go above 88 and hold 86 at worst to keep upside going strong otherwise could be a reversal from that area

14 Jun 2018 11:42 am
acting top-heavy right here but need to go back under 88-87 area and not get turned right back up again to turn the trend and not have one more little pop-up fail

14 Jun 2018 11:49 am
backing away from 89 but need a break back below 86.50-86 or another push higher but would be sold, should end up with a breakdown or pullback from up here

14 Jun 2018 11:50 am
86.50 first downside target and broken by much then 84 again

14 Jun 2018 11:51 am
refusing to break 87 at the moment, needs taken out or still sideways and a chance to pop-up another time over 90 before getting sold back to this area or 86.50 down to 84 instead

14 Jun 2018 11:52 am
over 89, and then would likely come back down to or through 87.50-86.50

14 Jun 2018 11:57 am
bounce off of 87.50 new support giving a pop-up that should test or break 90 and then likely come back to 88.50 area or a bit lower possibly

14 Jun 2018 12:03 pm
the ES does not like it over the 90 level now and unless broken and held for a move possibly to the highs it should be a decent pullback come from a hold hundred 90

14 Jun 2018 12:04 pm
should be short under that level with a stop at that 90 level and target of at least 86.50

14 Jun 2018 12:04 pm
it's going to need to break 87 though to break sideways/up uptrend at the moment

14 Jun 2018 12:06 pm
has a chance of reaching 90 but needs to do that and the next couple of minutes or else end up testing or taking out 87.50-86.50

14 Jun 2018 12:10 pm
sideways still, but if a poke over up over 90 towards 91 that gets reversed that should come back to 89.25-88.50 for support that needs held or possible reversal

14 Jun 2018 12:12 pm
almost to the 90 level but stopping just below so far and taking out 88 could be enough to get the downside going from here

14 Jun 2018 12:14 pm
could be a move back to or through 87.50-86.50, and if it is through 86.50, then 87.50-88 would need to be held under if going to keep pressure on to go to lower prices.

14 Jun 2018 12:16 pm
I need to be away until around 1:15 this afternoon, and may or may not be able to update depending... But will update ASAP if free and update necessary. Right now it's short under 90 down to 87.50-86.50 and probably more holding under 88 area after b

14 Jun 2018 12:49 pm
with the ES coming down to 86.25 and holding under 87.50 resistance should keep pressure on for a bigger move by holding under 87.50 area.

14 Jun 2018 12:52 pm
87.50 area important to get back above and hold up there, if not then next pullback support at 85.25 minor, and then back to 84.50-84 and maybe lower if that does not hold and give a bounce

14 Jun 2018 12:52 pm
back in a bit

14 Jun 2018 01:01 pm
further breakdown reached 85 so far and 84.50-84 should be tested or broken and if broken go to 83 area again where it must hold above the 81 low or else heading towards 78-76 area

14 Jun 2018 01:09 pm
made it to the 84.50 support /target and turned up and just made it back to 87.50 again and needs to go over that and stick or else pullback to 86.50-86 area and pop up again

14 Jun 2018 01:29 pm
with the ES getting close to the 90 level again it needs to push through and finally be able to stick, otherwise another reversal headed back to 88-87.50 and see if this uptrend can hold and have a chance rather than another move towards 85-84 or mor

14 Jun 2018 01:30 pm
if a move over 90 holds and gets momentum the 92.50 area should not be taken out or else a shot at moving to the double top over 94 and take out 96 from yesterday

14 Jun 2018 01:40 pm
90 not held very long which is bearish, and needs to hold 89-88.50 at worst and go back up over 91 and then the 92.50-93.50 resistance just below the high

14 Jun 2018 01:49 pm
The ES should stay under pressure holding hundred 90 back to 87.50 and if broken 84.50 area again or more

14 Jun 2018 01:57 pm
so far holding right at 88 and 88-87.50 needs held and then go back over 90 without turning back down and holding under again, otherwise another cross above and back below 90 could give bigger move than just to 88

14 Jun 2018 01:59 pm
89.75 rejected as the ES sure does not like it around 90 and should continue to be a good short under that level now. If it's broken then a move back under 90 would be a short on that but probably not going to see 90 again now

14 Jun 2018 01:59 pm
if we do it will take some work, and finally have the VIX going back under 12 and turning up from 11.92 coinciding with this bounce high

14 Jun 2018 02:00 pm
an excellent place for low risk shorting opportunity because you can use a tight stop with potential reward being a breakdown to or through 85.50-84.50 at least

14 Jun 2018 02:19 pm
a spike down to the 86.25 level popped right back up but turned down from below 89 and bearish under 88-88.50 area now on the way to Lord through 84.50-84 again, keep an eye on the Dow cash as if it gets much weaker the ES could go down with it

14 Jun 2018 02:22 pm
also, the NQ only average at new all-time high territory by a LOT, while S&P still about 85 points under its all-time high, the Dow about 700 points, and it is in a downtrend from its top – which looks important at the moment

14 Jun 2018 02:24 pm
the NQ would need to go back above 7312 area and stay up there,, but should have trouble getting over 7308 area and holding right now. Would need to go up with gusto and doesn't look like it has much of that left

14 Jun 2018 02:25 pm
with the ES make another lower low at 85.50 and turning up, it will be another failed bounce attempt unless 89-90 is taken out and not rejected instead

14 Jun 2018 02:26 pm
watch for this pullback to be bought either at 86 and if not then could make a lower low under 85.50 again and possibly reach 84.50-84 and then may be a bounce attempt

14 Jun 2018 02:32 pm
a slightly higher low on this pullback may be an attempt to base out in this area for a bounce of some sort, but not unless the 88 area is taken out and can keep on going through 90, where it could go above and back below again which would likely sta

14 Jun 2018 02:34 pm
should make another lower low and be headed towards 84.50 or more holding below 87.15 now

14 Jun 2018 02:35 pm
so be short with a stop at 87.50 as shouldn't get back to that resistance for this to break down to work through 84.50-83.50 area possibly lower low

14 Jun 2018 02:36 pm
keep an eye on the Dow cash still too as it should hold under 25,175 otherwise if that is broken above along with 87.50 then this turnaround around 2:30 could be more than just another feeble bounce

14 Jun 2018 02:38 pm
token lower low again with no follow-through but quick bounce like the others and still needs to go over 87.50 and order to attempt a better bounce and set of a feeble one that is hit with selling again before getting that far

14 Jun 2018 02:39 pm
another token lower low likely will be bought for a small bounce or more especially the 84.50-84 area gets reached and reversed up with gusto

14 Jun 2018 02:41 pm
could be a low made on that moved especially going over 87.50-88

14 Jun 2018 02:45 pm
the ES has traded inside of today's range made at the 10:05 AM top and 11 AM bottom, and if 87.50 is not taken out soon then another new low likely does not bounce back so easily – but does appear to be attempting a base for a little run-up but fai

14 Jun 2018 02:46 pm
87 bounce high and short with only a 2-3 tick stop and good profit potential holding under that updated resistance

14 Jun 2018 02:49 pm
with today's action it would just be a scalp trade with an entry around the middle of this range. Beginning to look better if 86 is not broken and the next couple minutes

14 Jun 2018 02:56 pm
pop-up turned down from 87.25 and just under 87.50 stop on the trade so a good low-risk entry and target is the 84.50-84 area and a chance it could breakdown this held under 84.50. Should not get back to 87.25 and stick now

14 Jun 2018 02:59 pm
you could hang onto part of your position if you're still in and didn't take profits at 84.50-84 but stop should be around 86.25 at most and target is a test or break of 81 and if no sign of turning to the 77-76 area

14 Jun 2018 03:00 pm
reenter on a bounce attempt if not short, it needs to come from this poke under 84 and failat or under 86.50 area now

14 Jun 2018 03:02 pm
headed towards the 77-76 area today or tomorrow if this continues acting this way and ends the day below 84 but not on its low for the day. Sentiment continues getting to bullish on all bounces

14 Jun 2018 03:05 pm
83-82.50 could end up being a 3 PM low and a bounce attempt began but it's going to have to do better than get back to 86.50. Still needs to go over at least 87.50-88 area and not back away if 86.50 broken through

14 Jun 2018 03:11 pm
3:05 PM reversal and that low will be an important low for the rest of the day and tomorrow morning if not broken. Still needs to take out 87.50-88 on this move, otherwise door open for another failure and decent pullback

14 Jun 2018 03:12 pm
84.50 should be important to hold on pullback now and quickly turned up or else headed back to work through 83 new major area for today

14 Jun 2018 03:18 pm
87 rejected and this pullback needs to hold 85-84.50 or above in order to avoid a test or break of the 83 area instead of another push higher that gets over or to 87.50-88 area

14 Jun 2018 03:22 pm
in the last 30+ minutes of trading the ES will still need to take out 87.50 and hold 86.50 afterwords or else end up heading back down to or through 83 before the end of the day.

14 Jun 2018 03:23 pm
if the ES does get back over 87.50 and can stick, then a run up to around 89-90 should be sold. If 90 is broken it should not be able to stay above very long, otherwise tomorrow mornings number sets up another good short opportunity with a toppy acti

14 Jun 2018 03:25 pm
enjoy the rest of your day. Check out tonight's update and then I will catch you here tomorrow before the open. until then take care!

 


 

TradeStalker.com, Investment Advisory Service, Fort Wayne, IN

 

 


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