LAC - Chart Link- idea from weekend, bounced off uptrend line the other day, testing downtrend line

yeah...hopefully the price breaks the downtrend line instead of down

otherwise just look at the daily chart, every day, every bounce stalls at the 9 EMA

almost every morning AZ has been up, rallies to the 9 EMA, then closes down

again - the STS stops on the standard tables are as of closing basis, not a hard stop intra day. Other options are to use them as a stop and if price closes back above go back long. 

the high performance will use hard stops however. And yes sometimes they get hit and prices rebounds, but generally these systems will go back long quickly anyway - I saw this on UPRO and SLV recently, where they hit their stop then went back long a week later or a couple days later. And sometimes the high per KISS systems will stop out intra day ONLY to go back long again that same day at the close!

and as always even though the systems are good and preform over time, traders can and should also review the stocks/ETF's on their own charts, look at multiple time frames and you may elect to have a different stop based on a trendline or major MA, or higher low that you see on your chart. 

again everyone has different trading style, goals, risk tolerance, etc,

QQQ - Chart Link- forming more of a coil as Steve alluded to yesterday, someone asked about symmetry, I placed the level there, needs to go below 431.7, otherwise the pattern to monitor now is the coill. largest pullback in the uptrend has been 17.6 points

$SPX - Chart Link- same for SPX, has not broken that symm yet either. largest pullback in uptrend from Oct lows has been 130 points

WFC - Chart Link- both of these tested their lower support areas and bounced off

HWM - Chart Link- 50 day MA there is a big level as well

D - Chart Link- spike low bounced off that uptrend line

_IWM - Chart Link- been saying for a couple weeks I viewed that count as completed, got a tiny lower high from the trendline ounce last week, and of course gap down today. 

Really you needed to be in the short already coming into today, or TZA, never objective to chase a gap now - maybe if price bounces back to backtest that broken wedge trendline would be objective now

otherwise DK you can monitor futures charts here that I made public, there's some resistance around the 9:30 low yesterday, and above that the next low at 1:35 pm yesterday (I made those areas different colors over the gray,  you may ask Steve to make his TradingView workspace public if you want to track his annotations. 

Also, does anyone know how to take off the universal drawing? whenever I draw trendline or supply/demand boxes they get drawn on all the time frames. But sometimes I want to draw something on the 15 min chart that I don't want on the 4hr chart etc. 

https://www.tradingview.com/chart/WVDTpjM0/ 

This is why Tradestation sucks sometimes, this wasn't showing an exit yesterday, after rebooting the SPY Trend/Pullback shows that it exited yesterday LOL. The ES version remain open

anyway no big deal as the SPX is slightly higher-  I'm issuing the exit trade alert at current prices

the SPY Trend/Pullback is looking to close out today, the Trend/Pullback from ES is not yet

Out of the open mean reversion systems, the Trend/Pullback for SPX is looking to close out, would be a nice 1 day trade

the ES versions are not looking to close out yet

I sent the alert out, since we only did a 1/2 size on that trend pullback yesterday (1 MES contract instead of 2), and for the fact that the Trend/Momo is in a 2nd entry, I'm adding 1 additional MES contract to the open mean reversion system trade. 

you of course follow what makes sense for your account and risk tolerance.  To me the market has issues here, but perhaps we can get a bounce soon to close one or both of these out. 

here's a 2 min chart of NQ futures, you can see trade entries and exits from that 60 Stochastic momo - one could easily scalp trade all day with futures doing that on short time frames

I'll be making a tradingview chart that I'll share, 

again I don't know what rules are fully best so here's what I've been doing:

when one of the 3 indicators gets oversold I go long. If you want it more stringent you can wait for two that have to confirm at once, or you could scale in, for example you have one long entry if one of the indicators gets oversold, and if another one gets oversold enter a second contract

selling/exits: one could simply exit when one of the fast indicators gets overbought again, or one could do a combo where if you were in more than one contract you exit 1/2 when the indicators get overbought, then trail a stop at each candle low, which can sometimes keep you in a trend for a while, but you have a tight exit

$SPX - Chart Link - here's that count I showed yesterday with that moff off the April 2nd low a wave 1 of 5, the abc pullback yesterday as wave 2 of 5 and this gap over the downtrend line is wave 3 of 5, which will still have wave 4 and 5 to go

$SPX - Chart Link-

$SPX - Chart Link- daily chart, slight break of the channel line and RSI trendlines,  watch 20 day MA now

META - Chart Link- bounced off the coil trendline

AMZN - Chart Link-

NVDA - Chart Link- 20 MA is key

GOOGL - Chart Link- big up day

AAPL - Chart Link- down of course

Table of Contents:
1. Opening Discussion, KISS systems major update soon
2. General Market Analysis: SPX and Other Major Indices top down fashion higher to lower time frames) and look at the major big cap tech stocks (NVDA, AAPL etc)
3. Custom Indicators/Systems (VIX, NYAD) and Bonds (TLT/HYG), 10-Year Yield
4. Sectors Overview
5. US Dollar, Commodities, Crypto, Precious Metals and GDX and individual mining stocks 
6. Trade Ideas

Market Comments:  The 'bulls' continue to have the Football, and have had it since late October, which has made this uptrend quite impressive getting close to 5 months now. Early last week we pointed out  very obvious coil triangle patternson the S&P 500 and favored this as a 4th wave with another pop to the upside, which we got thus pushing the S&P 500 to close over 5200 new all time highs! For the week the SPX gained +2.3%, the Dow Jones +2%, the Nasdaq +3%, and the Russell 2000 +1.6%. 

Short-term: After the pop out of the coil into Thursday's high and pullback that extended into Friday, for now we are favoring this as another 4th wave of some degree with yet another pop to the upside. That said, it's getting trickier now and late in the game (may not be much blood left in the turnup should we get another pop to a new high). If the pullback on the SPX falls below 5175 it would overlap and negate the short-term wave 5 structure. The 20-day MA is your important support.

- The largest pullback during this entire uptrend was about 130 points on the S&P 500, meaning a pullback below 5130 would be required to break uptrend symmetry.
- For the QQQ, the largest pullback has been 17.6 points
- IWM appears to be some sort of rising wedge pattern wave 5
- Curious spike on the CPI Put/Call ratio to 1.29on Friday despite the market being almost at all time highs

- The US Dollar had a strong week gaining 1.1%
- Gold spiked to a high of 2225 before pulling back and closing at 2160. The daily chart of gold made a divergent high on that last push
- Bitcoin formed a weekly doji candle last week and last week lost -4.4%
- Energy Stocks once again had a great week but may be getting extended here

Economic News This week:
New Home Sales - Monday
FHFA Housing Price, S&P Case Shiller, Consumer Confidence - Tuesday
MBA Mortgage Apps, Crude Inventories - Wednesday
Initial Claims, GDP 3rd Est, Chicago PMI, Pending Home Sales, Nat Gas Inventories - Thursday

yep they are great! better than worrying about where an exact trendline should go, the market doesn't work that way anyway, it's more like quantum physics where the electron isn't in one spot, but in a probability region

anyway TSLA KISS 130 min went long on Friday, and the 78  min went long this morning,

$SPX - Chart Link- I used to discuss this all the time, haven't been but here's that old chart that highlights the 60 length Stochastic when it is embedded above 89%. When such a condition is present you are in a momentum uptrend. In fact some of the mean reversion systems look at this condition.

When the stochastic is in such a state, you can use a fast indicator oscillator gets oversold to trigger a mean reversion long. Indicators such a a 2 length RSI, a 4 length fast stochastic, and a 5 length Williams % R

I'm posting not because it's giving you any signal now, but some of you save our charts and you can save this one. 

again all trends eventually come to an end so eventually the 60 Stochastic will fall below 80%. What can happen in those situations is that you may trigger a long from one of the indicators, then a day or couple days later the 60 Stochastics falls below 80%, in such a case you would just treat that as as stop loss, exit

anyway I show all the buy signals that would have occurred via the dotted vertical lines - 9 mean reversion signals would have occurred in this condition since December

nice bounce on ES futures and SPX. 

remember I said be careful thinking price is just going to easily trend down on a Quad Witch day

plus as I pointed out below the MA ribbon was super wide on the 15 and 5 min charts of ES, looked poised for a bounce

SQQQ - Chart Link- testing downtrend line

SPXU - Chart Link- slightly above it

SPXU - Chart Link- slightly above it, below the pivot

FNGD - Chart Link- still in the base but has looked good for a while

UVIX - Chart Link- up but still inside the wedge-like base pattern, Quad Witch today