Ranges for Friday - Late day rally attempt to new highs fails...great day but lots of red flags (XLF, and RSI non confirmations)

SPX 15 Min
SPX Day
XLF 15 min

2:30 Dip over?

XLF Up only 2.4% NOT new High Red Flag, Reversed from gap high

Top Channel turning SPX back here

SPX Weekly - Watching the 10 40 EMA

Also need to pay attention to that 50 area on the RSI...

One Red flag SPX RSI... Look at the $SML trend break From '08 highs! (TNA trade)

SPX RSI WATCH
NICE $SML Trend Break

SPX up 3.5% 840 High today..very oversold lots of talk about the bottom is in (humm)

Markets Gap Up

USO SPX XFL TNA UCO FAS all up big on 3% gap up

More bad jobs #'s out but who cares, right. We are up near rally highs of 25% again. These things don't end on a wimper so look for more upside. Check the post on the 82 market, up 40% in 9 weeks I think. BS m to m revised today helping the XLF up 8%

I will be on line with charts later. 15 min charts in overbought here but the daily charts have room per RSI readings below 60 now

SPX Daily - watching for signs of RSI failure here - rounding down a bit

SPX 811 Close - Over 20% mark (800) again - Ranges for Thursday

More than 600 point movement in the DOW today. Choppy trade with many headfakes.

USO trend break on the 15 min

Getting tricky right here... 810 on SPX - Big spike coming or we are breaking down

Estimators Box to the left- ISLE Up 16% hit 6.30 today!

Nice work Estimators

SPX breaksout XLF trying

XLF SPX breaking down both need to hold here or we breakdown more

USO down ~10% from rally highs..near key area here

SPX getting close to trend break

SPX up to 803

In the wedge here

XLF Gap to fill at 9.15 if it can , spike reverse in?

XLF over target... wait for spike to reverse.

Record Job loss and we are still just under UP 20% for this rally...hummmm

ADP Private Job Report worse than consensus (-663k) by almost 100k at -742k, a record absolute drop. Also, the February revision is, unsurprisingly, lower from -697k to -706k. Amusingly, instead of slowing down job cuts are picking up. Also, the ADP is usually seen as a more optimistic version of tomorrow's initial jobless claims report.

Watch XLF if it can get over 8.97 to Short?

Bad Jobs report this morning, Better than expected ISM #'s just out Bounce to 791 SPX, XLF Up 0.4% now

XLF Down 2.5% weakest group Back into wedge

SPX gap to support down 1.6%

SPX XLF Ranges for Wednesday - Spike and reversal late today

SPX going for 817 gap fill from Monday - Turnaround Tuesday?

Bespoke's Sector Snapshot

Bespoke's Sector Snapshot

SPX XLF at trendlines here...could get a good spike

SPX 802 up 1.9%

Besides 1930's the best and quickest Bull run - 1982

up 25% in 3 weeks, 44% in 9 weeks !! (Topped out mid 1983 +72%).... We did 25% in three weeks so far.... However back then the 50 200 EMA crossed after 5 weeks or so, we now are maybe, a month or two away from a potential cross (and we'd have to go up very much higher)

XLF +4% Today Leading

SPX 798 topping here

Watch S Korea - nice weekly chart Higher highs ect.. EMA Cross soon?

Make sure the flag doesn't break. EWY is the ETF

Pull back target from last weeks post

Pull back target from last weeks post
3/25/09
If the rally is real: Some pullback targets
SPX 741 to 775 (TNA or TZA) 779 low today
XLK 14.40 to 14.90 (TYH or TYP) 15.18 low today
XLE 40.30 to 42.30 (ERX or ERY) 42.09 low today
XLF 6.80 to 8.05 (FAS or FAZ) 8.27 low today
IYT ($DJT) 40.80 43.80 (IYT long/short)46.55 low today
USO 26 to 28.40 (UCO or SCO) 28.46 low today
Posted by MAX2205 at 3:07 PM
Posted by MAX2205 at 3:22 PM 0 comments

SPX Ranges for Tuesday - Bounce was only worth 1% to the Close

Got a lot of people in doubt if this 25% rally was the bottom. I don't care, just trade the chart and she how she trades if the pullback targets are reached. The GM news was the latest in a string of horrible news. Not ruling out climbing the wall of worry. Hell 800 is the 20% mark and I don't know what worse news could take us down below 667 again, do you?!

XLF - 9% FAS FAZ moving 26%

XLF Daily

Pull back target from last weeks post

3/25/09
If the rally is real: Some pullback targets
SPX 741 to 775 (TNA or TZA) 779 low today
XLK 14.40 to 14.90 (TYH or TYP) 15.18 low today
XLE 40.30 to 42.30 (ERX or ERY) 42.09 low today
XLF 6.80 to 8.05 (FAS or FAZ) 8.27 low today
IYT ($DJT) 40.80 43.80 (IYT long/short)46.55 low today
USO 26 to 28.40 (UCO or SCO) 28.46 low today
Posted by MAX2205 at 3:07 PM

Another attack on the trendline - something is going give here

SPX 1 Hr to go at lows here

Can't break that trend line - See how she trades with 1 hr 30 min to go

Still watching for MACD cross or bump

MACD buy sig and bounce - next, break the little trend line

Watch MACD for cross down for more downside - Bounce if it does not

New Lows 783 SPX DOW -303

If this is a bull correction 775 - 750 is still a target zone for support. (Who the hell knows!!)

Flag break 785 still holding - Off 50 SPX points from Rally high

Considered a 5% plus correction from up 25% if we can hold

SPX 785 tested 789 now - Careful of this bear flag

SPX holds 792 above 785 support

Oversold on the 15 min chart so watch for bounce.

GM / govt news has SPX futures at 796. Support 785

Another buy the Dip?