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SYSTEMS FOR WEDNESDAY 4TH JUNE 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in ES today.
I have 1 short in Ftse, 19 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 21/05/2014.
It is now negated after DAY6.KTS
We have a KTS5 triggered at close on 14/05/2014.
It is now negated after DAY5.SYSTEM BDIP
We have a BDIP triggered at close on 02/06/2014.
TODAY IS DAY2.DAY1… We got a low of -5.75.
DAY2…
DAY3…
DAY4…
We have a BDIP triggered at close on 29/05/2014.
TODAY IS DAY4.DAY1… We got a low of -3.25.
DAY2… We got a low of -7.75.
DAY3… We got a low of -5.75.
DAY4…DDUD
None in play.SYSTEMS TRIGGERED
SYSTEM ESD
GOOD CHANCE OF -3, -5, PAST -5 GOOD CHANCE OF -7/-10 ETCSYSTEM ES6
COULD BE A TRENDING DAY EITHER WAY, BUT DOES NOT CLOSE NEAR HIGHS OR LOWSES15A
SHOULD GIVE A -3ES17C (KHC-3)
ES18 (KHC+3)
GOOD CHANCE GAP UP OPEN, LOW TRADE -3 POSSIBLE, VERY GOOD CHANCE OF +VE CLOSE AND NEAR HIGHS, CHANCE OF +5,+7,+10ES19A
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 highsSYSTEM SPX6
SHOULD BE MORE DOWNSIDE THAN UPSIDE, COULD BE A TRENDING DAYSPX18
CHANCE OF A GOOD TRENDING DAY. IF HIGH TRADED IS <3, CHANCE OF A DOUBLE DIGIT DOWN DAY. IF LOW TRADED > -3, CHANCE OF POSITIVE CLOSE.Spoos closed at 1922 (basis Jun)
K+3 = 1925
K-3 = 1919
Conclusion
We have 1 KHC+3 & 1 KHC-3 SYSTEMS in play.
We also have a BDIP DAY2 & BDIP DAY4 in play.
Plan your trade, trade your plan!
ES18 worries me a little.
I hope not but I can see a 1925/7 which is a 3+/+5
Plan your trade, trade your plan!
Resistance is now 1920.
Gap is 1922.
So if it can hold below 1920/2 now then there is hope.
1914/6 remain support
Plan your trade, trade your plan!
Still no sign of a KTS at close sadly.
1925/7 is here nearly.
Thats the +3/+5 as per above.
I was so tempted to long but said a while ago that no longs from that day and am sticking to that plan.
I cannot short this today as it stands, incase this is now final stage blow off top into nfp’s and then quad expiry
Plan your trade, trade your plan!
I am so looking forward to the KTS now as that is the last piece in the jigsaw.
The worst case is the first KTS negates but then we get the final push of the final push and then a new KTS triggers.
That will be it!
So it could be either KTS
The two plays are NFP’s and quads crook oe
Plan your trade, trade your plan!
My ideal game was a break of 30 points down and then back up again for the final push.
Never got the 30 point downmove.
Plan your trade, trade your plan!
the +3 and the +5 prints at 1925 and 1927.
Tormenting!
Plan your trade, trade your plan!
1923 now needs to break down. If it can, it can retrace
High still 1927
Plan your trade, trade your plan!
Come on 1923 break down, not support
Plan your trade, trade your plan!
This quad expiry they’ll be having my cash again it seems…..
We were talking 17** print not very long ago. I still thnk that’s on, but right now seems light years away…
Tomorrow its all about 1922/3 and then 1914/6 again.
Frustration, Torment, Torture (FTT) continues
Actually todays ADP were bad so that means NFP’s can be bad. Not sure if thats a bad or good thing though lol
Plan your trade, trade your plan!
Lol it is all such manipulated nonsense nowadays, bad news can be good news, so on and so forth…
Every market is bloody rigged IMO, to some degree. Just like nature however, if you force it, it snaps back eventually. Where is eventually though? That is our challenge….
I truely believe we are close as to me this could easily have corrected 20% two years ago but it didn’t….constant relentless move up with 5 or 6% down at best. That’s not healthy IMO, so instead of 20% we’ll see 40 or 50%. That’s talking from around these levels. If it went any higher, then the fall could be even more severe. Interest rates, gold, silver, spoos, its all fixed. Think even if interest rates go to historic average of 5 or 6%. It’ll be carnage. Imagine 15%. I remember 15%, albeit briefly…. It can happen.
I have some plants in my greenhouse. When they get to a certain height you pinch out the top or they get too spindly and weak. It makes them bush out lower down and generally be stronger. This is like the market now….it’s spindly, etiolated and thus more vulnerable to a bout of bad weather (an event).
Nice post Dan but we are in a bull fuelled by ridiculously low and free liquidity.
Once a bear starts, the fun starts.
Until then sadly we are playing a waiting game that feels endless. Exactly how final phases of bulls are. However this is not parabolic yet and in that no reason why spoos cannot tag 2k.
Frightening but every bit possible. I just want the 70-130 retace for now lol
Plan your trade, trade your plan!
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