From the intraday high of yesterday to this morning's low, we broke symmetry - no pullback that big yesterday.

Paraphrasing Haver, if we bounce, one obvious place is right about here - 2025 or so. FOMC could do the trick. A great short possibility is that FOMC takes us up to 2055ish, where it stalls and turns down. We'll see....

Bull flag on 15 min chart.

Haver's EW analysis leans toward a fairly big correction quite soon - low 1900's on SPX. Of course he also details the bullish count, but since INDU never broke 17,923 he's giving the bears the advantage at this juncture. Today's action has me cautious, but the FOMC may change all that.

Got out for lunch money.

NFLX exceed the 4th standard deviation this morning at the open. I am short from 408, with stop above the high of 414.68. Looks like it may be rolling over after a failed rally here on the 5 min chart. Steve, Matt, trading this one?

There must be something wrong with me - hanging out on a trading forum on a Sunday night when there's no trading on Monday!

Yeah, I'm not religiously attached to the stats. Just thought it was interesting and wanted to share it. The takeaway for me is that any pullback is to be bought!

Regarding Three White Soldiers, here are some stats on what to expect (from Bulkowsky):

The three white soldiers candlestick pattern acts as a bullish reversal 82% of the time. What that means is it is more likely to breakout upward (a close above the top of the highest candle) than it is to breakout downward (a close below the lowest of the three candles). Just 593 out of 3,333 samples showed downward breakouts.

The candle ranks 67 for rarity, where a rank of 103 is unknown and 1 is a rock star. The overall performance is 32 and that means price does not trend all that well after the breakout. Nevertheless, after a downward breakout in a bear market, price can drop 7.66% on average, over 10 days, but that uses just 56 samples. I consider a move [i.e. pullback] of 6% to be a gift.The best 10-day performance rank for the three white soldiers candle belongs to downward breakouts in a bull market. I found 537 examples of those, so the sample count is a bit thin.

I read Jason Haver's blog. The bear count (he shows bull & bear) shows minor wave 2 having been completed at the open today. The rally ending at 10:35 this morning perfectly backtested the broken wave 2 uptrend line, then turned down. If this count is correct, we have a big down moving in store for today. So far no indication in price that we are going back up to even test that 10:35 high. I took a small short position, stop above that high.

price action not what you'd want to see if SPX is to form an inv. head and shoulders. This morning's sell-off is too quick - would be more confident if it were gradual and on lighter volume.

I've been paper trading E-minis four days, using the concepts in Matt's futures video. Haven't been at the screen for as many as the setups as I'd like. But, I am three for three. 

This morning I looked back at chart from Monday through this morning, both market and after-market. Granted, it's been volatile, but there were four large solid candles whose high or low was between 12 and 22 points away from the 9ema, and all four had proper triggers and were winning trades. There were two or three smaller solid candles around 5 to 9 points from the 9ema, and all of those also had proper triggers and were winning trades. You've got a great system here, Matt.

It's been a very choppy advance off the bottom so far.

2029.60 or so was the 38.2% fib retracement, which is where we stopped at 1 pm. I am watching carefully as we could go either way from here. Probably the FOMC minutes will be the catalyst.

Three days in a row successful test of 50dma. One peek above the 9ema. Long here (small position), stop 72.92.

On 5 min chart, we may be in a wave 4 right now, w/ the pullback in the last 20 minutes.  Overlap w/ wave 1 would be below 1511.  On the move up this morning it looks like 3 waves.

FB rallying off a divergent MACD on 60 min chart.  However, volume not great.  I bought a starter position at 26.38.

Nice looking cup and handle on CA daily.

Actually I didn't take the SPY per se, but I scalped a long based on the unconfirmed VIX signal and exited mid-afternoon when things got overbought.  Also, though my first attempt at a short didn't work, I did short SSO at 66.55 later.  Looking to close tomorrow morning, then looking for another long entry for a longer hold.  Ha! Mr. Market prolly won't cooperate.

Given that VIX will give a confirmed buy signal today, any pullback would seem to be a good entry for a long based on that system.  Funny, exiting out of the SPY system, but entering w/ the VIX rules.