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short setup immenent

nq support 1672.50, ES near bottom trendline and MA. SMH not popping up yet. Looking for pop with low volume. YM looks weakest. Short the weakest. ER2 support 729.5. Maybe 10 O'clock reversal, and trend down for the day to 50% retrace.

smh losing strength, look for next failed spike up. YM and NQ better shorts than ER2.

looking to short er2 or ym next tick high.

todays pattern looks similiar to last friday and mondays dub bottom. Will 732 hold the next 3 days? If it does, I'm guessing things will continue down. Money is going into big caps. Oil is getting beat down. Amex has also been doing pretty bad.

Market stats 2;1 bullish. er2 near 7 day trendline resistance at 731. smh retesting 34.2. watch for failed breakout for possible market reversal. Things still look like an automated buyers trading day. AAPL HOD hit at ~8:25 (20min ago) ER2 strong resistance at 732. AAPL lead the...

NQ making new highs, near yesterdays high. YM, smh, ER2 under hod. watching fo reversal or 2 leg of a breakout up.

covered 727.3

SMH rejected off 34.2. looking for short. short er2 728.1, target 725, stop 730.3. watching for smh to retest 34.2 and hoping for reject for short position.

YM at 11815 resistance, er2 near yesterday resistance 727.5. This could be HOD. Market stats more bullish. TICKs above 0 line almost all day. 2 up waves formed. THis could be an uptrending day with typical automated program hitting near MA crosses. SMH crossing 34, watch for possible short...

ER2 is stronger to the upside than all other indices right now. Not so sure about my idea for a short. YM actually looks like a better short, unless we break thru 117815.

looking to short ER2 on weakness, guessing we will hit resistance at 726. However, ER2 looks strong today compared to how it moves with YM. YM hit 11800, and got rejected, look for 2nd failed attempt. Market stats are 50/50. DAX in range. Market #'s out at 7 and oil # out at...

I have a bearish bias going into today. YM support 11740, 11725, & 76% retrace and support below at 11665 (61.8%) ER2 support 717, 712, & 709 (38% retrace) Note: the fib retrace levels are backwards with IB, depending on how you look at it. Not much resistance above on YM except...

I have to leave for the day, wish I could keep trading and looking for shorts on ER2. 1 of my shorts got hit earlier, right at the top,(on NQ and ER2) that happens to me alot, then we tend to sell off, so I shorted again and made back my change and then some. Stick to the plan, and stick to your...

added short 727.3,

raising stop to 728, may add to short if 726.7 breaks.

short 727, stop 727.8, target lower.

NQ and SMH shadow stongly, ER2 more bearish (more mid caps) SMH at top trend line, look for tick high to short (NYSE tick)

SMH= ETF for SOXX index, ,,semiconductors NQ shadows strongly

covered 726.2 on stop.,,,smh needs to rollover for this trade to work.