Thanks, I thought it might be FE (was hard to read).  I don't have that indicator (under Kaufman or Fractal) in freestockcharts.com or my Fidelity software.

Can someone please ID the indicator that this trader is using?  It's the only one he's got on the chart.  He never mentions what the indicator is.  When it's high, the market is ready for a big move (up or down), when it's low the market will consolidate.

http://tradingconceptsinc.com/8428/fomc-grind/

just went long on the break of the flag, stop below the flag.  Day trade only, though.

An alternate view: the daily candles of yesterday and today (assuming it closes green but not a lot higher than current highs) could be construed as a falling three methods, which means we haven't hit bottom yet.

Matt or Steve, do you have any intraday commentary on today's S&P price action?  Because right now on the 10 min chart it looks like a bull flag.  And the run-up from the morning low to the afternoon high was on good (but not incredible) volume on the SPY.  If today ends without any serious pullback, I think I'm going to stick my neck out and go long, perhaps w/ SSO, for a fairly substantial position, like 20% of my (small!) account.  Stop: the low of last week.  I'm mostly in cash at the moment.

Yeah, that's the "squishy" that I referred to.  And yet the futures are up right now.  I closed 1/2 my SPY short yesterday.

One thing I'm looking at: we have a confluence of three supports right here at 1405-04:  

1. the 9 ema
2. the 23% fib retracement from the Nov 16 low
3. the 50% fib retracement from the Nov 28 low

Idk about the odds of a gap fill, but  Marco's Long Short Timing system shifted from a short to a long late last week, which supports the idea of any pullback being a buying opportunity. (Long Short Timing is a swing system, and often takes a trade signal when the market is already overbought/oversold in the direction of the trade, so it sometimes has to endure a pullback.)

Thanks, Steve. 

High volume buying on SPY on today's intraday chart.  Wow, is this all there is for a pullback, and now we head higher??

and . . . we're into the gap!

There's an open gap on the Q's just pennies above at 65.10 to 65.46.  Might want to fill it first.

Good trade, thanks.  I had a sell order in part of my position at the 50ma, so some is already off the table.

No worries from me!  Trading very conservatively these days (not that I ever did swing for the fences).

Thanks! I am hoping for a pullback within the lines, maybe if the market has a day or two down a la the inv h/s BPT has shown as a possibility.  Only a small position, though - it could easily lose that trend line with the way it has traded, especially if the market reverts to its down trend.

The volume has been quite high this last year, too, suggesting accumulation at these low prices.

Steve or Matt, if you can, any comments on FSLR's chart appreciated.  W/ Obama in office, I'm thinking there might be a move on this one at some point.  The 200, 50, and 20 are bullishly configured, w/ the 200 fairly recently moving below the rest (3 weeks ago).  The weekly chart looks like a Weinstein base.  

On the first chart, I'm thinking if it pulls back and holds the uptrend line I may buy a 1/2 position w/ a stop below the line.

thanks!

Steve, would you please post as an attachment?  I don't use stockcharts, so I only get the daily chart w/ the link.  Thanks.

thx for posting, rbreese. Perhaps this is a 4th wave choppy and we'll have a short and shallow move up.  Haver is posting the 1375 area as the potential height of any rally before we head down again.  I've found his counts are a good complement to Steve's, giving me more confidence in laying out the road map.