S&P500 Hourly Turns

[hwsteele]

Today the market did turn at 10:50 and missed the 12:25- 12:30 call by only 5 minutes.
The big turn for today was the 1:00P.M. turn as the market turned up for the rest of the day.
Look for turns tomorrow at 11:00 and 11:30.

 

[hwsteele]

Both turn times fore today gave minor turns of only four or five points.
The big turn time today was once again 1:00.
Look for turns around 10:30 and 11:35 or 40.

 

[hwsteele]

Both turn times today gave small turns in the market of 10 to 15 points.
On Thursday look for turns at 12:00 and 2:30.

 

[hwsteele]

Also at 1:20 we could see a swing.

 

[hwsteele]

All three worked well today.
For Friday:
Ten minutes after the open.
10:00
10:30
11:00
12:20
1:45

 

[hwsteele]

Friday's turns Worked well for the most part.
The turn after open happened about 15 minutes not ten so that was off a little.
The 10:00 turn was on the money for over 15 points.
The 10:30 turn, also on the money for over 15 points.
At 11:00 the market turned for a little over five points.
The 12:20 turn netted a tad over 15 points.
The market did not turn at 1:45 but did at around 2:00 .

Tuesday turn times are as follows:
Open
9:35
11:00

 

[koolblue]

Great job, HW!

 

[hwsteele]

Thank you koolblue,
Also look for a turn about 2:00 today.

 

[hwsteele]

Today the market took off like rocket at 1:00 so that was the big turn time today.
The open forecast worked as did the 11:00 turn forecast. 2:00 also showed us the largest retracement of the big move up.
Tomorrow look for:
10:30
12:45
also the close10-29/Open10-30

 

[alientrader]

Great calls hwsteele. Amazing!

 

[koolblue]

your 10-29 time is most interesting ,friend since i have been calling for a low wed- thurs. for some time now.

 

[hwsteele]

Thank you alientrader.

Now koolblue, when you say your calling for a low do you mean the low of the week or just a nice low?



Also watch for 2:30.

 

[koolblue]

Likely just a nice low, Hw. The bias should actually be to the upside after thurs in to the Nov 4-6 time frame, then down hard into the next week after that.

 

[hwsteele]

The 10:30 forecast didn't work out but the 12:45 and 2:30 did.
With the last forecast being fore the close/open we could see the market trade up from first bell at least for a short while.
Look for turns tomorrow at:
Open
10:15
11:30
12:20
1:25

 

[hwsteele]

Also look for about 1:45-1:50 and one hour after that.

 

[jaalle]

Hi HW
I am new to this site and trade for 6 months
Need advice on what indicator would work best with SPY ( I watch it to see where market is ) to see market direction. I know that I should swim with the current, but I do have trouble seeing it's direction, especially reversals.
I trade POT and TWM alternatively.
I will wait for your comments.
jaalle

 

[koolblue]

Hw, looking to buy 944-946.50, sell 957- 961 currently. Nice low came in near 926,looking for sideways to up till Nov 4-6 but worried to death about the high closing ticks 2 days in a row now!

 

[koolblue]

mini low comes in at 2:44-49, so your turn looks good!

 

[koolblue]

buying 943-45area for a scalp . looking for 957-63. (sq of 9 at 961)

 

[koolblue]

covered at 957.00,dont want to get too greedy!