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SYSTEMS FOR WEDNESDAY 18TH SEPTEMBER 2013
Hi all,
Recap ….
Intraday wise …. I banked 0 points in spoos today.
I have 1 short in Ftse & 14 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.
KTB
We have a KTB triggered at close on 29/08/2013.
It is now negated after DAY3.KTS
We have a KTS2 triggered at close on 12/09/13.
This has been negated on DAY2.SYSTEM BDIP
We have a BDIP triggered at close on 17/09/2013.
TODAY IS DAY1.DAY1…
DAY2…
DAY3…
DAY4…DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after 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.
ES8A
SHOULD GET+3 AND A -3. DOES NOT ALWAYS CLOSE AT LOWSSPX3B
SHOULD GET +3/+5, -3/-5. DOJI TYPE DAY WITH A CLOSE WITHIN THAT RANGESPX 10A
Does not close near highs or lowsSPX 10C
MORE DOWNSIDE THAN UPSIDE, SHOULD GET -3 POSSIBLY -5. IF TRADE PAST +4 CAN CLOSE POSITIVESpoos closed at 1705.75 (basis Sep)
K+3 = 1708.75
K -3 = 1702.75
Conclusion
We have 1 KHC+3 SYSTEMS in play.
We have a BDIP DAY1 in play.
Plan your trade, trade your plan!
Well yesterday I wanted to short and I did get an entry at 1704.50. Although I had reservations, I felt I had to back the plan from the opening post. Sadly it did not come in but so far it has not really gone much out either.
I am happy to hold this for now believing that we are topping.
Apart form that yesterday was a total cabbage to watch or trade due to the narrow range after the initial move up.
Plan your trade, trade your plan!
Well here comes another BDIP. It should give us minimum -5 today but really ideally a -7 or more. That in turn can trigger a second KTS.
For now its still perky and ‘onwards and upwards with crooks quad oe this Friday.
Also FOMC is today.
Lets see.
Plan your trade, trade your plan!
The Levels
Resistance is at 1710/3. Above that it is onwards and upwards.
Support is at 1702.50. Below that it is 1698 and below that 1695. Below 1695 it can start to crack.
Good luck.
Plan your trade, trade your plan!
Conclusion
Well very tough really in a perky market with FOMC today and then crooks quad oe on Friday.
SYSTEMS are rather inconclusive with no real juicy DAY SYSTEMS triggered
Onwards and upwards can be the theme but maybe the FOMC can give us a nice spike down (even if they do buy it back up into crooks quad oe)
WIth BDIP in play however we should see a -5/-7 as a minimum idea.
Lets see
Plan your trade, trade your plan!
I really want to reshort but I feel this is too perky and wants new highs…. Fomc usually holds it up…..
Expiry as well….
I think I will hold off….
Spot on Dan … Its a definite very elevated risk and a gamble.
Edj … Absolutely, I usually start quoting Dec spoos on Monday but as you know I hate contract rollover and find it a real pain to adjust all my charts and support and resistant levels.
I will quote Dec spoos as from tonights SYSTEMS post.
Plan your trade, trade your plan!
This is such a typical crooks quad oe market, just only wants up.
That is good for bears because all the manipulation (into this) will be unwound.
Plan your trade, trade your plan!
Here we go, DING DING, good luck all.
There will be no GFS today as gap open < 3 points.
Plan your trade, trade your plan!
The Levels
Resistance is at 1710/3. Above that it is onwards and upwards. Support is at 1702.50. Below that it is 1698 and below that 1695. Below 1695 it can start to crack. Good luck.
Same still, 1702.50 is the support to break.
High so far 1708.50, so missed resistance.
Plan your trade, trade your plan!
3 point limits to close hit at 1701.50.
Yeehaa.
Nigel you longed presumably because you expect a bounce into FED or CROOKS QUAD OE.
Plan your trade, trade your plan!
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