Hi all,

Recap ….

Intraday wise …. I banked 2 points in spoos today.

I have 1 short in Ftse & 16 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB

We have a KTB2 triggered at close on 01/10/2013.
IT IS NOW NEGATED AFTER DAY1.

KTS

We have a KTS5 triggered at close on 08/10/2013.
It is now negated after DAY2.

SYSTEM BDIP
We have a BDIP triggered at close on 10/10/2013.
TODAY IS DAY1.

DAY1…
DAY2…
DAY3…
DAY4…

DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.

SYSTEMS TRIGGERED

ESH3 ND (KHC+5)
SHOULD GET +5

ESH
USUALLY GET +3 AND -3. MORE CHANCE OF -3. NORMALLY IS A DOJI TYPE DAY WITHIN +5 AND -5. TRADING < -5 GIVES CHANCE TO SD DAY

SYSTEM ESL1
MORE CHANCE OF DOWNSIDE THAN UPSIDE, USUALLY TRADE POSITIVE AT SOME POINT, NORMALLY GET -3, IF NO -3 THEN RARELY CLOSE AT HIGHS, UPSIDE UNSUSTAINABLE & CLOSE WITH LITTLE CHANGE ON THE DAY. CHANCES OF -7, -10 & -17 ALSO. THE CLOSE CAN BE VERY ERRATIC. ALSO AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A -3 THE NEXT DAY

SYSTEM ES3
SHOULD GET -3. UPSIDE AND DOWNSIDE UNSUSTAINABLE. LOWS TRADED SHOULD BE LOWER THAN HIGH TRADED, SHOULD NOT CLOSE AT HIGHS, IF WE TRADE < -3 CHANCE OF -7, -10.

SYSTEM ES7
POSSIBLE DOJI DAY, CAN BE WHIPPY AND UNTRADEABLE, ANY GAP UP OPEN SHOULD FILL THE SAME DAY. ITS NOT A SU MARKET AND RARELY MAKES MUCH PROGRESS.

ES8A
SHOULD GET+3 AND A -3. DOES NOT ALWAYS CLOSE AT LOWS

SYSTEM SPX5D (KHC-3)
USUALLY DO NOT GET MUCH POSITIVE, BUT CAN BE A VERY NEGATIVE PRINT. CAN EXPECT -5,-7,-10.

SYSTEM SPXL1

VERY ERRATIC SYSTEM IN TERMS OF HIGH/LOW/CLOSE. USUALLY IS A DOJI DAY WITHIN +5 / -5. TRADING > +5 USUALLY CLOSES POSITIVE, TRADING < -5 CLOSES NEGATIVE. THAT’S WHEN IT BECOMES A TRENDING SYSTEM

Spoos closed at 1685  (basis Dec)

K+3 = 1688

K -3 = 1682

Conclusion

We have 1 KHC-3 SYSTEMS in play.

We also have a BDIP DAY1 in play.

I managed to scrape 2 points profit in all that but carry 2 new shorts forward and underwater for now.

So where now?

Resistance is at 1691. Above that it can just creepy crawly up.

Support is at 1680 and then 1676. Below that it can start to look bearish, nothing more

Good luck

It was severely SU yesterday.

SPX closed bang on the MUST HOLD resistance outlined on Thursday which should give us a reaction down.

That is now at 1692 SPX.

If 1692 SPX breaks up then we can carry on up. Until then this can be a reaction snapback in a downtrend.

I am now in NEUTRAL MODE, ie no TREND DOWN or TREND UP.

We have a KHC-3 for tomorrow but that is not alot to go on or much of a target considering the rise.

THE LEVELS and the SPX level of 1692 will be our initial game.

Its a crooksday, so lets see what games they have planned in RTH.

ESH3 ND (KHC+5)

SHOULD GET +5

+5 would take us to 1688 (yesterdays high)

-3 would be 1680 right on first support

Well wow I overslept this morning. Was just so shattered.

Looks like my 1678.50 short from yesterday got its 3 point limits hit at 1675.50 also for 3 points for a good start to the day.

God only knows what that spike down to 1673 was last night. Seems you all missed it too even though it was not that late (11.15pm our time).

I see the spike down but somehow it spiked back up.

Maybe spike down on NO RESOLUTION and then spike back up on HEY NO RESOLUTION MEANS MORE QE lol. How stupid.

Still I feel there is enough nonsense going on to take this back down.

The caveat as always is XMAS is around the corner and if they want an XMAS RALLY that will know no bounds are we can even talk 1800 SPX 🙁

For now I will carry on with plan but do note my BIAS as NEUTRAL now and not TREND DOWN. That is very important in planning daily trades

For now the plan is to short near globex high of 1689