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SYSTEMS FOR MONDAY 8TH JUNE 2015
Hi all,
Recap ….
Intraday wise …. I banked 0 points in Spoos today.
I have 1 short in Dax, 8 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 27/05/2015.
It is now negated after DAY6.KTS
We have a KTS5 triggered at close on 04/06/2015.
TODAY IS DAY2.SYSTEM BDIP
None in play.DDUD
We have a DDUD Season triggered at close on 04/06/2015.
TODAY IS DAY2.SYSTEMS TRIGGERED
ESH1 NEXT DAY (KHC+3)
USUALLY GIVES +3, IF IT GAPS DOWN THEN IT CAN GIVE A DDDD AND THEN BOUNCE AND MAKES A +3 LESS LIKELY.SYSTEM 81A ND (KHC+5)
CAN BE A DDUD PRINT ALSOESH2 (KHC+3)
CAN GIVE +3,+5,+7,+10. HOWEVER FAILURE TO PRINT +3 USUALLY RESULTS IN DOUBLE DIGIT DOWN DAY. DOES NOT USUALLY CLOSE AT HIGHS.SYSTEM 70 (KHC +3)
USUALLY GIVES +3SYSTEM 72 (KHC +3)
SHOULD GET +3,+5 POSSIBLY MORE. DOWNSIDE USUALLY LIMITED TO -5.Spoos closed at 2091.50 (basis Jun)
K+3 = 2094.50
K-3 = 2088.50
Conclusion
We have 4 KHC+3 & 1 KHC+5 SYSTEMS in play.
We have a KTS5 DAY2 & DDUD SEASON DAY2 in play.
Plan your trade, trade your plan!
No idea Smashie, I do not know of any Russell rebalancing happening tonight.
Well it did nothing after 4pm our time today really. Great shame its so directionless.
The highest short I have is from 2130.50 and yet I was not prepared to bank near 50 points on it today.
I may have to take that on a globex dip (if we get one) on Monday.
Have a great weekend all.
This was my last post on Friday.
SYSTEMS are bullish for a +3/+5 and WNER says that too.
However with the KTS it can be a pop and drop (unlikely but possible on WNER) and with DDUD we can be in for volatility now also.
Tough call, lets see where we open and mornings action.
I should really bank the 50 points as I have more shorts in the money, but I feel even if Monday is up, Tuesday can reverse again.
Just one major caveat, we are just off the 100 DMA on SPX which has been a ping point back up each time. Need to watch for that.
Plan your trade, trade your plan!
Thanks kman
Lots in there to think about. Like the DDUD volatilty part 😉
Cheers Smashie, I think we are close to the next main move.
The caveat 100 dma spx can be that ping point to a 2200 blow off top or if it fails it can be a good bear move.
Iam sure the systems will guide us so lets see
Plan your trade, trade your plan!
Hi everyone, am back on the pad again. Been a while but thought I’d give it a go again. Haven’t had time in the last 12-18 months due to lots of hard work in my new business but got a little bit more time to look at the markets now.
As per systems have gone long at the -3 on the basis of the positive KHCs in play.
Thanks.
Anis
Long? Are you serious?
I am swing short and not prepared to do any longs (running commentary for now)
100 DMA is 2084.60. Low so far 2085.06.
Intraday does look like it wants to break down and if it does, it should see my initial 2075 target.
Will WNER / 100 DMA SPX save the day?
Closing 2030.50 short here at 2084 for 46.50 points profit.
Only reason I am closing is for safety being now at the 100 DMA SPX but really I wanted 2075 ES target
Next closest short is 2112.75.
Plan your trade, trade your plan!
Oops, based it on the SYSTEMS and didn’t read back enough of the commentary. That’s my own fault.
Hopefully can get out of it.
Thanks K.
No worries Anis and welcome back my friend.
Tough call being a WNER day (as bias is usually up) but given where we are its all bout the 100 DMA SPX imo.
SO maybe whip around here for a bit and then show its hand in crookshour?
Either way I am happy as I closed one based on a plan and plan to see where we go basis 100 DMA SPX.
Plan your trade, trade your plan!
2088/9 is the first resistance to hold for bears.
Above that it can go to 2092 ish.
Above that it can rally.
Plan your trade, trade your plan!
Basis 100 DMA SPX, 2083 ish on ES is the equivalent level.
Thats the area to break down for me to get to the 2075 ES target
Plan your trade, trade your plan!
This is nice. However Russell is not joining in, which is a worry.
If this breaks 2070 ish is the next SPX support area.
As I keep saying, for bears this 100 DMA on SPX really is a massive deal.
For a true bear this needs to close down today and tomorrow also.Long way to go for that yet
Plan your trade, trade your plan!
Interesting.
It needs to hold 2083 ES now for bears.
Plan your trade, trade your plan!
WCB!
ALl over to crookshour now and we are kept guessing re: 100 DMA SPX
Plan your trade, trade your plan!
Well not that far of the first target of 2075 now.
Took its time, gave us the scares, even spooked me out earlier of one of my positions (although for a 46.50 point profit), however in the end it got there.
Now ideally tomorrow we need a pop and drop to seal a downtrend.
Next target on SPX is about 2070 but ideally the next target will be 2040/5 area, if it can stay below the 100 DMA on SPX.
Plan your trade, trade your plan!
Oh God, I just realised, this whole mustard could be some false crooks move. We have quad crooks oe this month! It will be next Friday the 19th of June.
Got to keep an eye on that. I will run the rest of the shorts for now but need to watch overhead resistances holding.
For now 2089 ES is a MUST HOLD for bears and that could be the bounce area tomorrow, ie the pop.
Plan your trade, trade your plan!
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