AAPL breaking the down trend line of the last 5 days.

thx, Steve, I did take a small short once it lost the 50.

bought just now at support (45.12).  Stop below pivot.

Thx, I am also watching some of those, tho haven't put that new stochastics on my charts.  I was especially curious if you guys considered today's move as putting the long term uptrend in jeapardy.  Certainly, we are just barely above the neckline of the H/S pattern on the daily.

Steve, on SPX, the RSI 5 is below 30 on the 60 min chart.  Turning back above 30, can this be used as a long signal or trigger (for a short trade, maybe a day or two) under current conditions?  You've pm'd me before about this scenario, but I'm unsure given our current position.  Perhaps only if we are still considered to be in a longer term uptrend?

Actually, the move down yesterday pre-market was bigger than today's move.  Do you think today's move is more significant in some way?

Running away from my buy and hold investment adviser is exactly why I'm on this site.  Don't plan to go back to that routine any time soon.

thanks for alerting on CBRL.  Picked up at 56.20 this morning.  so far, looking good if a little slow.

Watching for that third, afternoon push in price.  It's had a small move up since I posted, but I haven't shorted yet. MACD may recycle, that's not my trigger.  Trigger would be a more substantial push up, or else a down candle on bigger SPY volume, and then a couple low vol up candles that don't make a new high.  Other option is to wait to end of day and if 60 sto still above 80, then I'll short on the close.  That trade has worked every time for me (maybe about 7-10 times over last year).

Yeah, like right now, we've got MACD divergence on the 5-min SPX w/ 60 stoch over 80.  If it makes one more high w/ divergence, I'll go short for at least a day trade.  Matt has mentioned before to watch for that third push in the afternoon w/ divergence for a short.

Susan, I actually have saved chart formats for:

1.  5-min SPX chart w/ 60 stochastics (sell end of day or on a late day divergent high).

2. 15-min SPX chart w/ 60, 89, and 144 stochastics.  when they all cross 20 or 80 from oversold or overbought it's a good intermediate term signal.

3. 5 RSI on 60 min SPX chart per Steve's comments above

4. 2 RSI daily SPX chart.

Each has provided at least one good trade, and actually I don't think I've had a loser yet using these.

Anything's possible, but a deep/sharp market correction does seem rather unlikely.  Probably my read of the chart is incorrect.

sorry for posting two charts, I wasn't able to delete my first attempt.   Only difference is the 14,3,3 stochastics instead of 14,3,5.

Here's a much wider look - weekly FXE, with a H&S already in play.  Red line shows measured move.  Steve or Matt, comments, critique?  One problem, the two shoulders aren't symmetrical in height or time.  I'm no technician....

I've been short the FXE for about 10 days now, from the right shoulder.

my chart says 20dma was up at 612.

1374.59 - looks like we got our overlap.

that's been a very reliable trade, even if for a small move.  thanks.

Matt, the 15sma on a daily chart is at 1400.  Seems like a lot of ground to make up.  Is the exit for EOD, or intraday?

That's why I mentioned using the equivalent amount that you'd allocated for a full position (and not more) with the regular system.