We have not had a close below the Alligator teeth red line since September 2012 on the Weekly. With slowing momentum on the Awesome Oscillator on the monthly I am looking for this to happen as we enter the summer. There are other indicators I am looking at too. Primary trend bullish so long term if I get a close below the teeth on the weekly I will wait for an...
XRT has failed on swing highs and is now below the kumo cloud again. Price needs to take out that 81.46 area for the short setup. Stop would be the lower portion of the cloud
Seeing frequent swing high failures on the SPY daily. Chart still bullish but it is having a harder time climbing and the frequency is getting closer together. Today we punched through the bollinger band top too
On the monthly chart on the close of the SPX we have now painted a red bar on both the acceleration deceleration and awesome oscillator. This is the first time the Awesome Oscillator has painted a red bar since Sept of 2012. That does not mean we cant go higher but the rate of climb from previous months will be slower with selling pressure lurking. In the Williams...
After four months of heavy selling AMZN has tested the Kijun line on the Ichimoku Monthly chart. Being heavily shorted now any good news now will give this company great lift as sellers will need to cover their shorts
FB continues to sell off and made a failed high. currently the Awesome Oscillator has turned red and this is an add on point to add more capital to the trade. Placing sell stop 2 ticks below todays candle. There should be buyers @ 51.56 area however if it busts through that my next target is 43.62.. using a deep in the money 80 delta July put
I have this Vanguard ETF in my IRA. As money continues to fly for safety BLV continues to breakout making higher highs and higher lows Very low cost fund long term and has a nice mix of various bonds with a nice dividend for reinvestment avoiding some of the market volatility for the longer term investors
Momentum is slowing on the weekly and we are in a squeeze situation volatility wise. Participation on the recent rally has been light on the institution side according to IBD. my bet is institutions are selling into this strength before summer The awesome oscillator on the monthly has flipped to red now after many many months of green bars
There has been heavy selling of the USD in this pair. The Awesome Oscillator is now beginning to make a saucer cross and is setting up for a long on the hourly. The DX itself is in a buy zone as well. I look for short covering along with increasing momentum.
DX long playing out on the 4 hour if long euro be careful snapback likely to occur
I am taking off this trade ahead of the FED FOMC announcement. The advantage of the Bill Williams Alligator trade system IMHO is it allows the trader to maximize the trade. You can take or ignore signals and signals and often take awhile to trigger. Each signal is one or two ticks above each candle
Watching the top of this small mega phone to see if it fails on hourly LOL
We are at the bottom of this trading range and selling has stalled. I see no short setup using the Alligator Trade System
Will add capital to the trade if fractal marked is hit. This is same chart I posted this morning. Rule of thumb when you have 4-6 green bars on Awesome Oscillator normally a good time to take profit otherwise stay in trade and look to add capital for an even more profitable trade :)
Bears are firmly in control of the Q's I do look for a relief rally now though as we go into earnings. This selling may be a head fake to fake out the weak longs. Dr Elder would say the bears are too depressed now using his force index indicator, LOL By adding capital at the bottom of todays low this should keep you out of a bad trade in the event it turns up It...
Daily bearish retest prior support levels.?
IWM sold off on Friday with heavy volume however it did not break a prior buy area on the sell off. I will only enter below the fractal shown as this area is where bulls defended this support area in the past. My target is the 108 area and I am using deep in the money puts with a 80 delta.
Price momentum is slowing and the Ultimate Oscillator is shouting a clear bearish divergence on the Weekly Chart Market will have to get some exceptional news to drive this higher IMO. I would not be buying with this condition rather wait for a pullback for entry. Market is still bullish but buyers are not stepping in to drive it higher