ES Weekend update 1/18/2014


One way or another this is going to be an important week!
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spx daily

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7 year peaks

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es 03 14 daily 952013 1172014

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es 03 14 60 min 1172014
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seasonalityjanuary
Since this is the 2nd year of the presidential cycle, a look at those historical stats may be in order. From Mike Burk (specifically for this week ): (% POS) MON 54% TUES 53% WED 53% THURS 53% FRIDAY 54%. Of course monday is a holiday, but by all accounts it is generally a very flat week. More mish-mash?
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es 03 14 daily 9122013 1212014

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es 03 14 30 min 1212014
REFER TO ABOVE CHART.. WE HIT 1844 AND TURNED O/N A DIME..I took advantage of that .looking for one more test of the downside before going higher.. this is day 15 of the mish-mash and with seasonals turning up tomorrow and friday i believe its just about over.. time will tell!
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es 03 14 15 min 1222014
ooops i mislabled my chart! thats a high shortly after 10:00am est ,not a low! sorry
Fun fact of the day..."According to David Bianco, S&P 500 corrections of 10% or more, including those that turn into bear markets, have happened every 1.5 years or 357 trading days on average since 1957." its now been 589 days since the last 10% + correction!
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spx daily
.. From the recent high, equalities a bitch would be about 1829.80, and the 261.8 would be around 1823.25. And as for the futures...
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es 03 14 daily 8292013 1232014
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spx daily
short term last night...I only did one trade sold 1826.25 and covered at 1822.00.. Nice scalp to make up for a loss yesterday! (i was due)
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es 03 14 30 min 1242014
If 1803 doesnt hold next attempt will be 1799( refer to past daily charts)
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es 03 14 daily 9112013 1242014
thanks for all this work and postings Kool...even us short termers appreciate the effort you are putting in on these.....that was a great divergence on top and I hope some long termers took advantage of your warning.....Great stuff !!