rsitrades

09:00

rsitrades

Quick update - holding the 200 ma (or not) is very important into the close....

05:56

rsitrades

Very possible we see a high today, watch for consumer confidence numbers at 10am for a move down or a final spike up.

08:18

rsitrades Updated 

Still leaning bearish, but a tag of 5750 is likely first before any pullback. After open I'm looking for a reversal. Good luck!

07:44

rsitrades

A quick update on the market. I still think we'll go lower into the close as of now.

04:22

rsitrades

Some simple ideas to decide who will win today - Bull or Bear. Watch the gaps!

12:30

rsitrades

No change in the analysis from yesterday. The pump today is just another attempt to breakout of the range and I don't think they will do it. More traps.

09:16

rsitrades

I still believe this market will drop to 5400-5300 area by next week. If I'm wrong so be it, but I go through my reasoning in the video.

04:40

rsitrades

Still no change in the idea although they pushed it higher than I expected. I will be out for the rest of today.

05:41

rsitrades

They are having problems holding 5650 and so unless they can get over that level, the bias is down and the chances of going further down is likely. I thought we would triangle overnight, but right now this looks like a compressed bear pennant.

08:20

rsitrades

Today's price action wasn't as bearish as it should have been if we were to keep moving down. 5600 held, and that is significant. Chances are, we will triangle into Powell and then rally briefly to 5750 area to fill the futures gap and test the 200 and 18ma area. if that's the case, we may be in a larger correction period (ABC)

10:36

rsitrades

I think wave 5 started today and this week may be dramatic, but watch for bear traps around the low. I expect next week to finish the larger pattern.

07:54

rsitrades

5300 area still looks like it will be possible sometime next week. I explain the leading diagonal count and why I think another ABC down is likely.

06:09

rsitrades

Futures had a pullback, but nothing special. I think it is highly likely that we try to break up today but fail and possibly we make a lower low by Tuesday Good luck!

10:30

rsitrades

AMEX:SPY and NASDAQ:QQQ still have not broken above their respective ranges yet. Indicators on both futures and the VIX are warning bulls not to count the chickens too soon.

08:46

rsitrades

how it looks at the close on SPY and futures. My feeling is a gap down monday is likely, but we'll see.

06:27

rsitrades

Analysis of SPY, a very clear idea of what should happen if the bulls will keep going or the bears are about to attack.

16:56

rsitrades

Random ideas after the close. I still think we go lower, but of course the ending was scary for bulls. We lost a key level today so I'm comfortable keeping shorts overnight.

20:00

rsitrades

analysis of the market at different times during the hour. I stayed short. AMEX:SPY SP:SPX #ES_F