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SYSTEMS FOR FRIDAY 18TH OCTOBER 2013
Hi all,
Recap ….
Intraday wise …. I banked 13.50 points in spoos today.
I have 1 short in Ftse & 18 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 KTS triggered at close on 11/10/2013.
It is now negated after DAY1.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 14/10/2013.
TODAY IS DAY4.DAY1… We got a low of -14.75.
DAY2… We got a low of -1.00.
DAY3… We got a low of -7.50.
DAY4…We have a BDIP triggered at close on 10/10/2013.
It is now negated after DAY4.DAY1… We got a low of -12.00.
DAY2… We got a low of -18.25.
DAY3… We got a low of -14.75.
DAY4… We got a low of -1.00.DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.SYSTEMS TRIGGERED
ESL1 NEXT DAY
GOOD CHANCE OF A -3ESHA
ESL2
USUALLY GIVES -4/-7ES8A
SHOULD GET+3 AND A -3. DOES NOT ALWAYS CLOSE AT LOWSES92
USUALLY TREND ONE WAY OR ANOTHER AND CLOSE NEAR HIGHS OR LOWSSYSTEM 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 SYSTEMSpoos closed at 1727.75 (basis Dec)
K+3 = 1730.75
K -3 = 1724.75
Conclusion
We have 1 KHC-3 SYSTEMS in play.
We also have a BDIP DAY4 in play.
Plan your trade, trade your plan!
Good morning all, I am late with my usual POSTS, but had a friend over last night and the time just flew before I was totally knackered.
The good news is that I banked 13.50 points yesterday but the bad news is I got caught shorting the levels I would normally have made a profit and flattened on.
I have a 1715.50 and 1728.25 short from yesterday.
I decided to keep them despite the TREND UP basis TRIN yesterday and a possible MS SHORT that never materialised.
So where now?
Plan your trade, trade your plan!
ROADMAP NOTES
Looking at SPX we are at the top of a TREND LINE that is a very large ascending wedge. Another top line would be 1745 SPX. Above that is a pure breakout realistically to 1770/1800 SPX and that may constitute the XMAS rally.
For now it has based and the only exception to this going to 1770/1800 SPX is if this is a final thrust. In any case I cannot see that with TAPERING TALKS off and the can kicked down the road.
MS wise can trigger but that will just be a very short term signal.
The next KTS is due, but again on its own without a BDIP combo, it can just be intraday dips and then SU all day.
TRIN yesterday was very good for bears but fell off at close. Need it over 1 again today ideally to start to build a bearish case.
Although this may appear overbought, in comparison to MAD MODE’s in recent QE years, its no way near overbought for a CIT.
TREND UP remains
Plan your trade, trade your plan!
THE LEVELS
Resistance is at 1733/5. ABove that madness continues.
Support is at 1725 and then 1722. Below 1720 it can fall
Good luck
Plan your trade, trade your plan!
Conclusion
TREND UP remains.
Next signal from MS will be a short and from KT with be a KTS
However its back to MAD MODE QE BULL. SO that means all dips are bought.
We have to continue to assume that until supports get broken. That is THE LEVELS above and the intraday levels I post (SU level, Intraday CIT, support levels etc.)
For now the MAIN supports are much lower which means TREND UP will remain on normal dips.
Plan your trade, trade your plan!
I would say looking at the SYSTEMS, we should fill the gap today.
However how high will it go first and where to short for it?
Plan your trade, trade your plan!
THE LEVELS Resistance is at 1733/5. ABove that madness continues. Support is at 1725 and then 1722. Below 1720 it can fall Good luck
We just hit 1734.75, I was so tempted and nearly shorted.
When it gets into QE MAD MODE, shorting can be so futile. I will wait until near open
Plan your trade, trade your plan!
Shorted 1734 at open after it hit 1734.75 again.
Limits in to close for 5 points basis gap fill.
Plan your trade, trade your plan!
Its a crooksday, anything can happen.
Closed 1734 short at 1731 for 3 points.
Plan your trade, trade your plan!
Short 1733.63
Basis gfs
I will close this today one way or another nless EW for Monday isstood for bears…. 🙂
Short 1734.25 again basis 1734.75 high in line with RESISTANCE from THE LEVELS
Plan your trade, trade your plan!
This does look so, so perky.
Leading indicators at 3pm out time.
TRIN again >1 at 1.22 but against that VIX/VXN back to lows.
Closing 1734.25 short here at 1734 as I feel I can short higher.
Made a measly 0.25 on that
Plan your trade, trade your plan!
Oh dear, what a waste of time this is.
GRINDY, GRINDY UP market,
Plan your trade, trade your plan!
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