jrolfsen

jrolfsen

The longer we put off a proper correction the greater the crash will be. I honestly hope for the world's sake that we get a significant correction soon.

jrolfsen

Waiting for a test and potential bounce.

jrolfsen

Waiting for a test and potential bounce.

jrolfsen

Busy weekend ahead of me so sorry for the lack of details; hopefully this is intuitive enough.

jrolfsen

Until we see a solid top-line break volume and everything, I'm not going long on this gap. (even after yesterdays doji)

jrolfsen

Not yet an actionable trade.

jrolfsen

Used lowest lows and highest highs of peaks and valleys to draw out channel. If it holds against tests good trade opportunity of about a 1-6 risk /reward ration. Out of the long position and ready to go short. Will wait for more testing of resistance and/or a following breakdown of price on volume. TEMA crossover and SRSI down-shift as confirmation. Watch out...

jrolfsen

Looking at potential moves and major trend lines.

jrolfsen

CNBC reports George Soros has large long position in Herbalife.

jrolfsen

A few potential channels are beginning to form. If we break out the top side, this could change into a megaphone.

jrolfsen

Looking for a contrarian view to my bearish position I found a few trend-lines supporting prices at present. I'll reconsider re-entering my bearish position if a major break through occurs.

jrolfsen

Heiken Ashi reversal of trend, break down out of channel, hold under resistance, and major gap down for today all add up for a good reversal.

jrolfsen

Large bullish candlestick breaking out of moving averages and resistance levels. Might have a brief pull-back as seems common enough with these signals. If the short history here is any clue, we have technicals very indicative of future price movements; between no BS support and resistance and clear 1-2-day candlestick signals, the HSI seems to be an easy read.

jrolfsen

Aside from the clear inverse H&S, SRSI gave an over-sold buy-signal, we had relative consolidation of the trend-lines which continued as new support to the end of yesterday, and 50 ma's continue as support today. I'm curious to see what we will do again with the 168.20 mark. I see a MA/Resistance squeeze coming up.

jrolfsen

The 200ma/ema for the minute chart has provided key support throughout this rally, but price movements broke down harshly through them along with S/R levels (168.15/16 level especially) Previous support levels along with MAs have now shifted to resistance. This looks like the turn the bears have been looking for.

jrolfsen

Bullish

jrolfsen

get ready for the test

jrolfsen

If SPY holds above 165.55 to the end of the day, with positive EOD volume, I'm a buyer.