Seems to me it's a pretty messy inkblot that we could see a lot
of different patterns in -- why not a bearish H&S with the
orange neckline? Note the buying volume spikes so far have not
given the selling spikes much competition
Posted by windyjazz on 11th of Aug 2011 at 12:31 pm
I hear you bkout3, which is why I sold half my longs at R1. The
HS with the orange neckline does'nt look quite as symmetrical and
volume on the SPY is low in general today.. only 220mil through 3
hours. As I said a move with some volume will be the the tell I
think.
Hmm most of the numbers look different today from my chart --
they usually agree except for R3 and S3 which is because of a
formula difference. Anyone have StockCharts numbers for
comparison?
$SPX 15
Posted by windyjazz on 11th of Aug 2011 at 11:49 am
Is anyone else seeing this inv H&S on the 15 cash SPX?
Seems to me it's a
Posted by bkout3 on 11th of Aug 2011 at 12:16 pm
Seems to me it's a pretty messy inkblot that we could see a lot of different patterns in -- why not a bearish H&S with the orange neckline? Note the buying volume spikes so far have not given the selling spikes much competition
$SPX 15
Posted by windyjazz on 11th of Aug 2011 at 12:31 pm
I hear you bkout3, which is why I sold half my longs at R1. The HS with the orange neckline does'nt look quite as symmetrical and volume on the SPY is low in general today.. only 220mil through 3 hours. As I said a move with some volume will be the the tell I think.
we cleared R1 1190 next target?
Posted by mrab on 11th of Aug 2011 at 12:48 pm
Pivot table has R2 1179
Posted by parkridge77 on 11th of Aug 2011 at 12:56 pm
Pivot table has R2 1179
Hmm most of the numbers
Posted by bkout3 on 11th of Aug 2011 at 01:02 pm
Hmm most of the numbers look different today from my chart -- they usually agree except for R3 and S3 which is because of a formula difference. Anyone have StockCharts numbers for comparison?
Pivots
Posted by bkout3 on 11th of Aug 2011 at 01:14 pm
StockChartsagrees with my numbers so I would think the BPT Pivot list is off today
S&P 15 min with levels
Posted by bkout3 on 11th of Aug 2011 at 12:55 pm
testing yest afternoon swing high
windy -- I guess the
Posted by bkout3 on 11th of Aug 2011 at 12:43 pm
windy -- I guess the volume will all be relative to the coming move whichever way it goes but I have SPY volume on track to do 181% average
Yes. I posted a few
Posted by kingpin777 on 11th of Aug 2011 at 12:09 pm
Yes. I posted a few charts last night as this was what I was seeing.
yes you can see it on the 30min chart also
Posted by mrab on 11th of Aug 2011 at 11:51 am
$SPX 15
Posted by windyjazz on 11th of Aug 2011 at 12:03 pm
The neckline roughly lines up with R1... I think any rally with volume through R1 will be a trigger.