$SPX - Chart Link - we had a MA pinch on the 15 min time frame this morning at the lows

remember Jobs report tomorrow, generally the market has responded well on that.  On future upside I would still target around that 61.8 Fib etc

$SPX - Chart Link - updated view

$SPX - Chart Link

Here's Wednesday's Newsletter

$SPX - Chart Link - the things that stand out to me at this point

$SPX - Chart Link

$SPX - Chart Link - pinching on the ribbon pretty good now

one other comment, a buddy of mine who has developed some interesting sentiment indicators, his stuff has been showing all through the fall that traders keep getting way too bearish on any little pullback in the market.  Basically you get even 1 day pullback and everyone is super bearish again. Honestly that's not how tops are formed, you need complacency

basically traders know the market is overbought and keep looking to catch the top but it doesn't work that way

$SPX - Chart Link - here's a chart I haven't posted in a while, but it is a good educational thing and something I've discussed many times. 

The chart is a daily SPX that focuses on the 60 Stochastic when it is embedded above 80% and has been for at least a week or two, that is a trending momentum condition. 

When the market pulled back strongly this week, the 60 Stochastic was still way over 80%, and yet a huge number of people get very bearish.  The fact that the the 60 Stochastic remained well over 80% was a positive sign for the market, and you can buy when those fast oscillators indicators I show get overbought with a stop say predicated on the 60 Stochastic going back below 80% or use an ATR Trailing stop like we use on the BPT MA Deluxe. 

In the short term we got a nice bounce today, now we'll see if we still form a lower high or chop around a bit and if the 60 Stoch remains above 80%. 

ENDP - Chart Link - been holding this for a while nice to see it finally pop out of the range

however even if the market were to retrace again, I do think it probably tests that 61.8 Fib first, which is higher. 

on the SPY system the Pullback/Trend went long yesterday. However on the ES system that same system missed by a hair. Just like we saw recently where the ES breakout system caught one hell of a trade but the SPY Breakout version missed it.  Again nice real time examples of why I think it makes sense to do both ES and SPY systems because everything averages out well,  SPY does better on time, then ES does better, so by doing both you always catch the trades. 

realize when we do both SPY and ES the trade count will about double because there is a ton of overlap, so you may need to adjust the amount of capital you put into each in order to handle the trades. 

anyway I'll be back

I am busy this morning with kids, remember I'm Mr Mom while my wife is in China, one has a doctors app so will be back later this morning

$SPX - Chart Link - heck of a bounce this morning, however note the 1st bear squeeze potential on the MA ribbons on the 2hr and 60 min time frames. 

$SPX - Chart Link

$SPX - Chart Link - and also monitor the Fibs, the 61.8% Fib is an obvious Fib that may offer stiff resistance at 3121

guys remember it's crazy how busy I am on the trade days. I have to get orders to you guys, I have to get the orders in my personal account, I have to get the orders bought in the hedge fund, I have to update the trades on the website, it's literally all I can do to get that done before the 4:15 EST when it's too late to enter the options

always have your email open, and of course once we get this damn BPT phone app done I think that will be a better faster means notification over email.

Wow you live the life man!! wish I could do that.

sorry man just waiting here to make sure the signal doesn't go away as the market is off the lows

GDX - Chart Link - notice GDXJ has remained stronger today while GDX quite a bit off the morning high

the monthly was just awesome, I identified that major low

$SPX - Chart Link - updated view

JO - Chart Link

yes with the symmetry break would favor lower high on next major bounce

$SPX - Chart Link = potential bear flag here