moorekapital

SPX500: DT MTR OR A SUCCESSFUL NEW ALL-TIME HIGH...?

FX:SPX500   S&P 500 index of US listed shares
497 3 16
1. BX
2. 2Legged bear channel break UTL=DB w/ April             7 Low
3. Strong Leg up to testing 'BX'

4. Will this lead to the all-time high...? Will this be sold fiercely from test of 'BX'...?

5. The leg up(green) from the DB= very stong rally = High odds are that PBs             could be bought immediately.

Should this fail, then selloff could be fierce!


Definitions
_______________________________________________________________________________________________________________________________________________________________________________
UTL=UpTrendline = A line from the Lowest Low, upward and to the highest minor low point preceding the Highest High so that the line does not pass through prices in between
these two points.
DTL=DownTrendline = A line from the highest high point downward to the lowest minor high point preceding the lowest low so that the line does not pass through prices in between these two high points.
SX/BX =Sell Climax/Buy Climax
BO=Breakout
BOL=Breakout limit (Determined when price seize to make a new high/low in 5 bars since the last high/low following the initial rally/selloff after TL BO)
LH MTR = Lower High Major Trend Reversal = Leg up following the 'BOL' gets close to 'BX'
HH MTR=Higher High Major Trend Reversal = Leg up following the 'BOL' exceeds 'BX'
LLMTR = Lower Low Major Trend Reversal = Leg down following the 'BOL' exceeds 'SX'
HL MTR= Higher Low Major Trend Reversal =Legdown following the 'BOL' only gets close to 'SX'
TR = Trading Range (Tradable legs implied)
_________________________________________________________________________________________________________________________________________________________________________
The Logic
1. Trend trading until the weight of evidence tells of the absence of the trend.
2. And to trade the potential legs within the trading range, when price finally breaks the trendline , and enters into a tradable trading range, until there's a trading range breakout- continuation or reversal.


23 DAYS AGO....

Updating........
Comment: Never fight a strong leg. Find reasons to join whenever possible ^_^
Comment: Last wee I said.......
The leg up(green) from the DB= very stong rally = High odds are that PBs could be bought immediately.
And Indeed the bulls bought the PBs immediately.

In this update, I illustrate the tight TR=Bull flag in which we're presently. And I believe that the bulls might carry this market beyond the BX pretty soon, regarding the underlying buying pressure.
Now, if that happens, a Measured Move , based on the height of the TR would carry price way above the All-time high.
TR occuring in late trends are often times final flags. And so, I believe that the market might be shortlived above the all-time high and pullback fast into the TR once more.

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Comment:
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Comment: Might PB somewhere near 2109.806667, but logically speaking, there's no reason to book profit yet
Comment: SPX500: Most important PA here, we broke above the ealier high of day. Otherwise, nothing for the bears, atm
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Comment: A close below MA wud be interesting though.
Im still holding long. Stop @ 2106.6
Good buy here, if u're not in w/ me from the lows, I guess. Stop below MA Kul.
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Comment: Moved stop to below last 2 bars low, for fear of DT
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Comment: Looks DT. But wud prefrr mkt take me out instead
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Comment: Great job!
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Comment: I think the bears entered, but they've work to do to cvonvince us.
Buy Zone. Swing stop below lows.
Aggressive stop to be deermined
at a good signal for long if....
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Comment: 50:50 mkt now. We have evidence of short,, but we're also in a buy zone
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Comment: Luks bulls stepped in on buyzone
Luks buy; luks sell. Im sitting on ma hands for now
But that quick rise up also luks that was a PB for the bears
Interesting!
I think Yellen is speaking now
I sensed it from the disturbance in price action
Comment: Sellers gearing up.......I think
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Comment: Possible DB, But Trend here now = Down until the evidence of bulls prove otherwise
Looks good enough buying pressure here.
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Comment: Charcter of mkt now = TR
luks gud buy here. But stop way down below
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Comment: 1H: Uptrend Intact, PB. I need a signal to go in soon
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Comment: 5min, posible buy soon. Might also wait for a second chance buy = tight stop then
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Good signal. Hence I update stop
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Comment: CRITICAL barrier ahead: High of day so far
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Comment: When taken out.......
Oh, We did....???
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Comment: SPX500: Hahaha, there we go!
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RISK FREE here
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Comment: Confluence of measure moves
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careful here....trend cud changewe might deep pull to MA priorbears rearing ugly heads here, I feel it....I might add to long if i see my signal
Comment: Loads of buy signals = a possible bull flag
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bears are present, but lacking strenth here
Comment: Non Trending day=TR
Stopped out on trailing stop.
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No loss day ;)
54 points cummulative
Comment: 2016-06-07
Missed SPX Trade, but not too late. If I get signal soon, I'll update. Lest better push it to NYT
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Comment: SPX500: Technically.... Trend still up
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Comment: bears showed action, but failed to close below MABut how far can the bulls carry this...? Wedge Top above
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Comment: 15mins:
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Comment: 1hr, limited upside. . 5mins showing some seller action
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Comment: Trade Add on
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Comment: Nice TP !great show of strenght !
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Comment:
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Comment: Wedge Top = Limited upside
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Comment: Very tight uptrend. signs of overbought
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Comment: More buys , but careful this time....
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Comment: No visible top yet . But might be soon coming
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Comment: Understanding price bars movments is key to managing trades, and not getting chickened out anytime soon
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But possible wedge bottom
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Comment: Im bearish SP, but on 5mins Holding short, 2117.18
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Could be shortlived = managing stop nowNO TPIm out for coffee. brb
Comment:
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Moving stops down.
This is what we live for!
It pays to always hang in there, when it seems nothing is going on

Good night, all
Im out!
Comment: SPX500: 2016-06-08 02:56AM CAT
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Comment: SPX500: Projecting 2124.08 Should we successfully take out the high of today so far. Otherwise, today luks a TR day so far. We hava wedge bottom ongoing on 5mins
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Comment:
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Comment: Im intereestd in buying on stop. Will update soon
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Comment: Just eneded bull has tail above. Im a bit careful here
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Comment: 3 CTB = Move stop up. A bit of confidence here. But tails above. But todays's high is the trouble here. Low probs
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Comment: Ugly PA here. Still in TR Im out here. Will buy again. = No Loss
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Comment: Getting ready for in again.... ;: Not yet .Good buy, But for now.... Waiting on Today's high Takeout first.
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Comment: Im flat , atm
Comment: Tiny DT....????
Tis amazing what a tiny DT can do!
Am I glad i exited earlier long....??? No bear trend though. I still think that Buy Mode Activated

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Comment: Possible DB ...??
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Comment: Possible long here, but very bad signal
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Comment: TR but one more push up likely here
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Comment: Im checking out soon for a break. I really am TIRED!!!Hmmm. TR day. Very slow start. Do not give up. We know days like these. Speaking to myself
Comment: Good buy. But loads of reasons why I;m not in yet.
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Comment: Off to play w/ my wife. brb
Comment: When I first heard that " price bars speak to you" , I never understood then
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Comment: Isnt this funny!
My internet goes off, and i miss the sweet long that was.
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Comment: I hate the devil who switched my internet off. Damn!
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Comment: U labour for the party, and u don get to partake in it when hot. You know how that feels.....? >( )<
Comment: Tomorrow is definitely another day.
GOOD NIGHT!
:agree:
Comment: Should this breakdown occur, I see 2100.0 next
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Comment: SPY: 2016-06-10
Comment: I like the bulls actions here but not yet buy for me. Same goes for USDJPY
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Comment: A possible buy zone ....
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Comment: Low probability long, that one
DB wud be great
Staying aside for now
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Comment: It might not come . I'll buy above 20
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Comment:
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Possible DT
Im flat!
Comment: DB expected......
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Comment: Sweet short. I missed
Wedge Bottom????
Expecting bounce here, but that wud be lot of hard work from the bulls
MM target overspill

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Comment: SPY: SMA(Sell Mode still Activated) until enough buying pressure
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Comment: Good buying pressure here, But not eneough. Im still waiting to add my long
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Comment: Im long!
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Comment: touching upper channelMove stops
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Comment: Risk free
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Comment: Book something
Comment: Book all
Comment: Kepp stop to entry
Comment: hold it to next week
Comment: How do u manage a trade?
Comment: I'M FLAT!!
Comment: Visit "NAKED TRADING ROOM" , where I call live SPY trades, during NY open.
Chatroom link: https://www.tradingview.com/chat/#Q8tWbgGWUxMgOT0K
Comment: Enjoy your weekend!
Comment: SPY: 2016-06-14
Turn to NAKED TRADING ROOM todai, and lets have fun!
https://www.tradingview.com/chat/#Q8tWbgGWUxMgOT0K
In trouble now (short term)
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Reply
mtr ?
+1 Reply
Thanks, Blue, for the like and comment. I just attached my list of definitions(not exhaustive though). 'MTR'=Major Trend Reversal. ;)
+1 Reply
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