ES system looking at a

Posted by focus175 on 27th of Jan 2023 at 04:01 pm

ES system looking at a potential 3rd entry today or did that sell off take it off the table? 

I only bought 1 TQQQ

SPX 15 Updated View

Posted by fredsaid on 27th of Jan 2023 at 04:00 pm

I only bought 1 TQQQ contract for .57 cents ... looks like it was enough to flip the script lol.

Nearly 100 points on NQ 

Lovely

SPX 15 Updated View

Posted by retirefire on 27th of Jan 2023 at 03:57 pm

Lovely

SPX 15 Updated View

Posted by steve on 27th of Jan 2023 at 03:55 pm

$SPX - Chart Link - warned about chasing near pivot resistance 

Booyah 

Holy crap just looked at my other screen lol ... we need to re-test that large broken expanding diagonal we've been tracking for months.

VWAP looks to be around

Short term very far from VWAP

Posted by fredsaid on 27th of Jan 2023 at 03:53 pm

VWAP looks to be around 405.7 on SPY which is no longer 1:1 with the SPX so can't say its 4057.  We likely hit that rail from Steve's parallelagram on Monday morning around 4105 and then have a nice 2 or 3 day consolidation down.   I agree with the comments in the blog - there will be no soft landing and it will be nasty and I do think it will be this year. Would love to see 50 basis points and it's what it required, if the SnP is above 4300 by the Feb rate decision in a couple weeks - it could happen.

Damn nice fade into the close 

Fred hopefully I saved you a few bucks - what we drinking tonight? 

come to pappa

Short term very far from VWAP

Posted by retirefire on 27th of Jan 2023 at 03:51 pm

come to pappa

holding some June XBI calls

Posted by retirefire on 27th of Jan 2023 at 03:49 pm

holding some June XBI calls but not enough bio beef.

A long symmetric triangle on

Short term very far from VWAP

Posted by junkie on 27th of Jan 2023 at 03:47 pm

A long symmetric triangle on Monday or Tuesday under today's highs that looks like a bull flag but will fail due to resistance, will do the job of engineering a meeting between the two. Just one idea from a previous episode of how this could be done!

YES INDEED 4105 WAS A GOOD SPOT to PAUSE 

SPX Daily

Posted by steve on 27th of Jan 2023 at 03:44 pm

$SPX - Chart Link- very simple annotations here (parallel lines) 

Short term very far from

Posted by retirefire on 27th of Jan 2023 at 03:43 pm

Short term very far from VWAP

Me too

I think that Matt's strong trend shallow pullbacks subsystem should have triggered long on this relentless melt-up  :( It would have done better than myself in managing being in and out of the positions!

John Murphy on Stockcharts is

Posted by rbreese on 27th of Jan 2023 at 03:39 pm

John Murphy on Stockcharts is encouraged by the market action.  It is available by members of stockcharts. 

Both mes system trades are

Posted by watcdy on 27th of Jan 2023 at 03:38 pm

Both mes system trades are in the dumper right now but next week is Powell and a new month.
January is always looked at as the hint for the year but not without taking a break  - as you said let’s see 

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