Yeah, even soybeans are a little sour today.  However, what a ride from that diamond pattern way back.  Sure wish I had been on board!

bcrx (cup & Handle) paid no attention to the inflation report............

Ok, thanks for the information.  I will look to take a position soon, and not wait for a higher low (higher low from this point....).  I remember you stating you often took a trade right on the break of symmetry, and did not always wait for the higher low.  I followed SE a few years back, and had done well back then.  Time to renew the acquaintance.  

Definitely on the radar.  With that break in symmetry, I am looking for a higher low.  (I hope it doesn't run up to the 50 ma before forming it.)   

I took a nice position in URA yesterday, thanks to your suggestion; and it had a nice up day today.  I plan to continue this as long term hold (under the "year of the commodity" banner).

Thanks, Steve.  Even a day after surgery, your still holding up your batting average of about 900!  These morning support and resistance ranges provide great field position, even if one is not trading the indexes.

FB ended the day right at 232 downtrend line.  Sold my calls right before closing with tidy profit.  GIven CPI tomorrow, and increasing inflation could support Fed interest rate increase plans, which hurts tech; well, maybe an opportunity to get back in at a lower price.  If not, I am happy with taking the money off the table!

Pretty soon, he will just take the company private!     

Absolutely was, and I closed all longs, as well.  I need to pay closer attention to the overnight ES levels you point out every morning.  Something to add to my plan, for sure!

Steve, really appreciate that heads-up.

Looks like your 4480 imbalance area was a magnet!!

That would be great, Steve.  Do you expect a pullback (.....maybe wave 4), prior to trying to achieve that target?

OK, we have broken symmetry on Timebandit's chart.  Looking for a  higher low in a new uptrend!  Expected pullback in wave 4 of C, then up again.  (If I am reading the tea leaves correctly....)     

Yes, thanks Morton.  Hope that support holds.  I sold half of my AZ at 11 (dumb luck), but didn't think it would drop this much after going public.  The good news is an analyst tracking AZ has it as a BUY, with a price target of $18.  That would be nice.   

Speaking of the SPY System trades, I assume no exit, even though it is right at the 8ema.....

Isn't that the truth!  MSFT handily beat top and bottom line, yet got taken to the woodshed!   I had a position earlier in the day; but, sold it because of earnings.  Dodged a bullet!

Thanks, that makes sense.  Just still working on getting the hang of it.....

Matt, would you draw symmetry on 3 or 5 min $SPX chart?  Thanks.

Thanks for the info on this trade, Matt.  I am well loaded up with options off of the QE BTS; but, it is nice to see another SPY trade (esp. with 100% winning trades) go long.  More confidence in the options already bought.

Looks like the Oct low was a support.....for now.