S&P 500 & other indexes - intraday. Plus chat

[Splitlink]

You'll miss it! I'm using US tech. Same story, I'm afraid, but I do find that something happens when I am walking home from work at 1930. Up or down? We'll see!

I'm short.

 

[robster970]

 

[Pat494]

You'll miss it! I'm using US tech. Same story, I'm afraid, but I do find that something happens when I am walking home from work at 1930. Up or down? We'll see!

I'm short.

Should have made some pts on your short ?
Are you still working ?

 

[Pat494]

Tue
Sep 18 2:30am AUD Monetary Policy Meeting Minutes
4:00am AUD RBA Assist Gov Debelle Speaks
6:45am CHF SECO Economic Forecasts
9:30am GBP CPI y/y 2.5% 2.5% 2.6%
9:30am GBP RPI y/y 2.9% 3.1% 3.2%
9:30am GBP Core CPI y/y 2.1% 2.2% 2.3%
9:30am GBP HPI y/y 2.0% 2.2% 2.3%
10:00am EUR German ZEW Economic Sentiment -18.2 -19.2 -25.5
10:00am EUR ZEW Economic Sentiment -3.8 -16.3 -21.2
1:30pm USD Current Account -126B -137B
2:00pm USD TIC Long-Term Purchases 37.3B 9.3B
3:00pm USD NAHB Housing Market Index 38 37
4:30pm USD FOMC Member Dudley Speaks
9:30pm USD FOMC Member Dudley Speaks
11:45pm NZD Current Account -1.63B -1.31B

Dud is speaking !

 

[DionysusToast]

September 18th

10:00 – NAHB housing
11:30 – FOMC speech

Asia, Europe down

Pre market vol - below average

Still waiting for a range to form but right now biased towards us going down to discover the bottom of the new range.

I presume people will be watching 1450 as a ‘line in the sand’ but to me it isn’t. Anyway – we didn’t move much since yesterday so numbers about the same as my pre-market yesterday.

YH – 1459, YL 1450, YC 1453
ONH – 1456, ONL 1449

Longs – 1449-50, 1446.50, 1442.50, 1443.25
Shorts – 1500, 1468, 1462.50, 1459, 1456.50

At least the range looks healthier today!

 

[chinabean]

Agree, 1450 isn't really a line in the sand well not a very big one anyway, any correction down to 1415-20 is fine and in all honesty, even a larger correction would probably be a good thing....in terms of preserving the upward momentum.

Seems like sentiment has changed a tad given the crappy figures yesterday as well as the china/japan & us/japan spat.

Looks like it's probably time for a bit of profit-taking for some before we resume the long march.

 

[Splitlink]

Looks like it's probably time for a bit of profit-taking for some before we resume the long march.

I just did. Now, I don't know what to do.

 

[Splitlink]

I do UStech because it seems to move better. Probably a load of **** . Anyway. I expect that the pattern is moving much the same as SP500. Am looking at 3 min. If this present thrust up results in a lower high and a lower low on this TF, I will short.

 

[DionysusToast]

Agree, 1450 isn't really a line in the sand well not a very big one anyway,

Yup - hence the 1449.50 - prominent but not bcoz of the round number...

 

[Splitlink]

I think that this might be a good place for a short. Stop will be a short way past the high, fairly close.

 

[chinabean]

feel like s&p is in a bit of no-mans land at the moment, taken profit on my LT long, don't want to go long up here but equally, am loathe to go short lol waiting for a dip to buy

oh btw, did my reply about continuation charts help in terms of your levels?

 

[chinabean]

I think that this might be a good place for a short. Stop will be a short way past the high, fairly close.

On an ST basis I think that's not a bad call as risk/reward is skewed in your favour given how close the high is. If you have taken a decent amount of profit on the way up there's no harm leaving it for a bit and letting the dust settle though

 

[robster970]

Short and filled at 53.75, didn't move, got out scratch.

Same again at 54.50, went offside a little so scratched.

 

[DionysusToast]

buyers seem to be mopping up contracts @ 54.25 & 54.50 - I think it's worth a long here - for another pop up.

not big size tho

 

[Splitlink]

buyers seem to be mopping up contracts @ 54.25 & 54.50 - I think it's worth a long here - for another pop up.

not big size tho

I see!

I must say that my short is sticking, a bit. But I'll let it go to the SL, just above the high.

 

[DionysusToast]

well - they lost it - so you are OK now!

 

[robster970]

If it doesn't go almost straight away, then I'll try and scratch them now.

 

[splashy]

Someone mentioned a ST short and there is an argument that says we may be due a ST/MT one. Dax and S&P have similar-ish charts but the Dax one shows the higher channel line has been pinged off. Also, dax is struggling to get back to the top of the 4hr down bar from this morning and i've had a couple of long signals that have failed which quite often precursers a move in the opposite direction.

And then October is just around the bend and thats always fun...

 

[robster970]

And then October is just around the bend and thats always fun...

Everybody ready for the big sell-off and Christmas rally?

 

[Splitlink]

I've closed out for +3. It's taken 90 mins to get that far and I had enough yesterday!