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SYSTEMS FOR TUESDAY 24TH MAY 2016
Hi all,
Recap ….
Intraday wise …. I banked 0 points today.
I have 1 Short in Ftse, 8 shorts in spoos & 2 swing positions in spoos open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 16/05/2016.
It is now negated after DAY3.KTS
We have a KTS triggered at close on 20/05/2016.
TODAY IS DAY2.SYSTEM BDIP
We have a BDIP triggered at close on 16/05/2016.
It is now negated after DAY4.DAY1… We got a low of -26.00.
DAY2… We got a low of -13.50.
DAY3… We got a low of -20.50.
DAY4… We got a low of -1.50.DDUD
We have a DDUD triggered at close on 04/05/2016.
TODAY IS DAY14.SYSTEMS TRIGGERED
ESL3 ND (KHC-5)
SHOULD GIVE A -3SYSTEM ESG (KHC+3)
SHOULD GET +3 MINIMUM, CAN GO TO +5,+7,+10.SYSTEM ESH1
MORE CHANCE OF UPSIDE THAN DOWNSIDE, USUALLY TRADE -VE AT SOME POINT, NORMALLY GET +3, IF NO +3 THEN RARELY CLOSES AT LOWS, DOWNSIDE UNSUSTAINABLE. CHANCES OF +5, +7 ALSO. ALSO THE CLOSE CAN BE VERY ERRATIC. AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A +3 THE NEXT DAYSYSTEM ES8 (KHC+3)
MORE CHANCE OF UPSIDE THAN DOWNSIDE. USUALLY GIVES A +3.SPXC
Spx <-4 should give big down -7/-10. Likewise <+3 high will trade negative and close negative. Conclusion may be short +2 Spx. Rarely closes at highsSpoos closed at 2045.25 (basis Jun)
K+3 = 2048.25
K-3 = 2042.25
Conclusion
We have 2 KHC+3 & 1 KHC-5 SYSTEMS in play.
We have a KTS DAY2 & DDUD DAY14 in play.
Plan your trade, trade your plan!
All we have done is support in the 2040/3 area yesterday and then so far today.
This is a horrible market in the sense that its keeping us guessing and could RCB or WCB -30 or +30 anytime.
Plan your trade, trade your plan!
The problem is just when it all looks set to break down it rallies.
Sure at anytime it will fail that pattern and go down, but until it shows its hand, its very tough to play incase WCB comes in and is sustained.
Plan your trade, trade your plan!
Dear oh dear oh dear oh dear.
Low was 2041.25 (bang in that 2040/3) area.
Then a mega WCB.
Plan your trade, trade your plan!
and that post above was the Low of the day. We are now 30 points higher.
Being an up day I cannot see how this can retrace today.
How sad that bears blew each and every chance they had to break down.
Although I had a sneaky feeling about this when mustard man told me late on Friday that he had increased his shorts and was not closing becuase some other mustard turned really bearish 🙁
Plan your trade, trade your plan!
TRIN is 1.42 today which is high and not indicative for a +26 day.
Something very rooked is going on
Plan your trade, trade your plan!
Gold and Silver have been killed again today.
As for indices, they are just up, up and away.
TRIN remains high which usually means the move is false and corrected the next day (tomorrow) but we have to wait and see where they park this today
Plan your trade, trade your plan!
All we have done is support in the 2040/3 area yesterday and then so far today. This is a horrible market in the sense that its keeping us guessing and could RCB or WCB -30 or +30 anytime.
lol +30 it was then.
Plan your trade, trade your plan!
How hard is it going to be and how many days will it take to erase a +30 day.
Yawn Yawn.
Plan your trade, trade your plan!
This is totally horrible to watch.
What a total load of pollux.
Its an NPR day.
TRIN is still 1.26? That usually means a down day and should be around a -7/-10 close.
This makes no sense to me other than 2040 PING and kill the shorts.
The other alternative sadly is new highs coming as we have seen this plenty of times before.
Plan your trade, trade your plan!
Todays move sliced above the 10,20 & 50 DMA on SPX in one go.
Yet on the way down it took 18 days to do so.
Plan your trade, trade your plan!
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