But it looks like a bear flag on the 15 min chart, including light volume on the up move.

Gap still not filled.  But that sure looks like a bear flag on the 15 min SPY/SPX charts.  I reshorted today, looking for that fill before I consider a long position.

DVN - pullback may be over.  I added to my position from yesterday.

My Fidelity chart says the high of Dec '10 was 60.97, not 59.31.  I wonder which is right.

Right.  Actually, I was shorting from Monday or so, watching the gap.  I covered today when it turned around shy of the gap.  Did not enter long though.  Not really following the SPY system anymore (given the last year's track record), just using the signal as one more indicator.

Also, 133 is a gap fill, which I've been anticipating.

But you could also use the gap fill as the first entry for the multi-trade.

One way to enter this new long signal would be to buy at the fill of the gap from June 28th, i.e., $133, or maybe a few cents above that.  That gap was fairly large, so I'm thinking it's going to fill in the next few days.  I'm no expert, though, so anyone want to provide an argument on the other side, please post.

Also, if you read up on the system, it tends to close longs at the open of a session, not the close.

Just as I was saying - you are looking pretty smart this morning!

Yes!  Well said.

On the question of patience, you may as well be talking to me....  

Actually, I've really appreciated Tom's and your NYMO/NAMO posts.  This morning I shorted SSO pre-market at 55.88, before the jobs number came out.  The NYMO and the large gap from last Friday (which I think will be filled in the near term) were what I was basing the short on.  Had planned to scale in, we'll see but maybe we've already hit the top.

It's not yet clear that you won't have beat the system, however.

Matt or Steve (or Zach, or chartboy, or...), do you expect the gap in the Nasdaq Composite to be filled in the short term?  I was looking at some information to the effect that this Nasdaq gap in particular is too large to be "sustainable" and should be filled in the next week or two.  Is this established technical theory? And if so, do you have a trade strategy you like to employ for that?

60 sto fell below 80 briefly, recharging the bats a bit.  My short just got stopped out on the reversal.

Looks like we're getting one of those "over-80-stochastics-all-day-on-the-5-min-chart" days for SPX!  Hit our 3rd high for the day just now.  I just shorted SSO at 54.26.

Repelled exactly at the 9 ema on daily.

yeah, maybe good for another day's follow through.  I bought a little at 44.45 on the intraday dip.  Probably sell first thing tomorrow.

WLT looks pretty interesting here.  Hammer candlestick yesterday, positive MACD divergence.  Just below the 9 ema at the moment.  Daily vol below ave, though, so maybe just a quick trade?  Would love to get another opinion.

the trend is your friend....