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SYSTEMS FOR FRIDAY 17TH JULY 2015
Hi all,
Recap ….
Intraday wise …. I banked 0 points in Spoos today.
I have 6 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 10/07/2015.
It is now negated after DAY3.KTS
We have a KTS triggered at close on 15/07/2015.
TODAY IS DAY2.SYSTEM BDIP
We have a BDIP triggered at close on 13/07/2015.
TODAY IS DAY4.DAY1… We got a low of -4.00.
DAY2… We got a low of -6.75.
DAY3… We got a low of -1.75.
DAY4…DDUD
We have a DDUD Season triggered at close on 01/07/2015.
It is now negated after DAY7.SYSTEMS TRIGGERED
ESL4 ND
IF IT CAN GET BELOW A -3, THEN IT CAN BE A DDDDESH
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 DAYESL5
SHOULD GET A DECENT NEGATIVE PRINTSYSTEM 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 LOWSES17
UPSIDE UNSUSTAINABLEES91
ES96B
SYSTEM 131 (KHC-3)
SHOULD GET A -3/-4SYSTEM 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 SYSTEMSPX3B
SHOULD GET +3/+5, -3/-5. DOJI TYPE DAY WITH A CLOSE WITHIN THAT RANGESPX4A
SYSTEM SPX7
STARTS OF LOOKING LIKE TRENDING BUT DOES NOT CLOSE AT HIGHS OR LOWSSYSTEM SPX9
SHOULD NOT MAKE MUCH UPSIDE PROGRESS, IF LOW < -3 GOOD CHANCE OF NEGATIVE CLOSE. ANY GAP OPEN SHOULD FILL THE SAME DAY.Spoos closed at 2117 (basis Sep)
K+3 = 2120
K-3 = 2114
Conclusion
We have 1 KHC-3 SYSTEM in play.
We have a KTS DAY2 & BDIP DAY4 in play.
Plan your trade, trade your plan!
MS short target 2009.25 or optional 2007.25 which will give us a -8/-10.
Plan your trade, trade your plan!
Well a 3 point range all night does not cut it.
Then again VIX is the lowest I have seen in recent times, so there is no volatility now.
The earnings season seems spectacular. Its an OE today (but not triple or quadruple). I cannot see that being any major factor.
It needs some new geo political news to shake it.
Recent highs have been 2129 and 2134.
I would love to say that means something, but without confluence of many things, probably not.
I would have been expecting many BDIP’s triggering but thats not so.
The only hope I feel is that TRIN is high and market is going up on a high trin, which tells me its out of sync (crooked). I will be happy to add more shorts but it needs to be in a very controlled way, like I am doing.
Sadly nothing more I can say
Plan your trade, trade your plan!
Its all very well Europe rallying on Google and Intel or whatever, but if things are no good in Europe why should share prices be higher.
Hopefully Europe will see sense and correct.
Plan your trade, trade your plan!
Surely won’t be another up when the Deutchers vote Yes?
maybe they vote no…lol
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