Welcome to the new Khalsaspad › Forums › Subscribers Forums › Subscribers Daily Threads › MON 08/08/16 to FRI 12/08/16 SYSTEMS & INTRADAY
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Khalsa.
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August 8, 2016 at 19:33 #23700
Dear All,
Sorry for late post as I just got back from a long weekend.
Welcome to WNER!
SO the high TRIN on Friday was a pre cursor to down, however for now the WNER is keeping it perky.
I remain of the thought that this is all end game stuff and upside is limited, but for now supports refuse to break including all recent ones identified and act as a ping point. (2040, 2154 etc).
For now 2168/70 is the area to break back down.
I really have nothing more to say or any trades to add at this stage.
KAIS did flip long but it looks short lived.
KTS also negated on Friday, but looks on trigger for another KTS.
Extremely frustrating yes, but what can one do with all this stupid QE and them buying all NFP’s and figures (good and bad).
As I say, it will turn on a dime all of a sudden and out of the blue.
Hopefully we will get confirmation from KAIS / KTS etc. when so.
Regards,
K
Plan your trade, trade your plan!
August 8, 2016 at 19:35 #23702Europe in the meantime continues to rally.
TRIN is pretty low as it stands so is not conclusive.
Just same old, same old
Plan your trade, trade your plan!
August 8, 2016 at 19:54 #23703So once again all hopes on the only day of the week it can go down, Tuesday!
Plan your trade, trade your plan!
August 8, 2016 at 19:55 #23704Thank God I closed Oil in that target zone of $38-$40.
What a bounce!
Plan your trade, trade your plan!
August 8, 2016 at 21:35 #23706We are very close to DDUD season starting soon again. That is very good news for Bears at this stage of the cycle.
Plan your trade, trade your plan!
August 9, 2016 at 19:45 #23714More end game stuff triggering today.
If we can break 2073 we can start on the downside.
Plan your trade, trade your plan!
August 9, 2016 at 21:33 #23716We got to 2174 and then bounce.
Same chiut, different day.
We may have a mini diamond forming on ES. If so and if it breaks down, then there is a chance we can start a downtrend.
Until then we need to break 2173 down.
Plan your trade, trade your plan!
August 10, 2016 at 07:21 #23717Totally futile. Cannot even get to 2173 let alone break it.
Plan your trade, trade your plan!
August 10, 2016 at 08:04 #23718All we need is the crooks to find the next “excuse”
We have had China, Russia, Iran, ISIS, Bin Laden, USS Cole etc. etc.
Currently its all about free money and QE. The worse the numbers, the more it goes up. The better the numbers, the more it goes up.
Until the intraday levels and supports break, nothing we can do but watch and wait, as frustrating as it is.
Plan your trade, trade your plan!
August 10, 2016 at 08:07 #237193.50 range all night. Yesterdays high was 2183.50 which is the marker for resistance.
Plan your trade, trade your plan!
August 10, 2016 at 18:39 #237213.50 range all night. Yesterdays high was 2183.50 which is the marker for resistance.
It stayed below teh market for now with a high of 2181.50
Plan your trade, trade your plan!
August 10, 2016 at 18:43 #23722Totally futile. Cannot even get to 2173 let alone break it.
Broke it but 2070 was a total mustard with so many pings.
Its broken the intraday CIT for now, which is great. We may get a new KTS at close which is great.
Just have to see what it does into close , because if it bounces, then its back to square one.
Needs to hold 2177 as resistance now.
Plan your trade, trade your plan!
August 10, 2016 at 19:41 #23723Nice, I like it.
However crookshour to go where they can bounce it.
Closest gap below 2159.25 which is my first target for now
Plan your trade, trade your plan!
August 10, 2016 at 19:42 #23724I am loving VIX/VXN being up today with no gap below.
Anyway time to stop talking and getting too excited, I have a plan, I am playing that plan, we shall see
Plan your trade, trade your plan!
August 11, 2016 at 08:27 #23725So far its tried for a pop and failed already.
Problem is we cannot look at resistances holding in this market, all we can look at is supports failing.
Personally once again I feel we are there or thereabout for a fall. How deep we go, I do not know until we start falling and break supports. The minimum is 30 points.
Plan your trade, trade your plan!
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