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The SP500 has had 5 consecutive closing days above its micro trend (400ma) and yesterday was no different. (Chart below is 5 days, 5 minute candles, 400ma).

OI, any thoughts on a break out above 2800 on the SP500? I see a couple of gap ups the past few days that may need to be filled?

The SP500 still hasn't had a "closing day" above its overhead declining 400ma (purple line) micro trend on 5 minute candles for over 2 weeks. Its been a slow grind down. __________________________________________________________________________ Using daily candles, it still appears there is...

OI, I believe your timing is good today. My math based systems, which are approximately 70% accurate, are screaming "calls" today and if you look at the chart below, after 10 days of decline under its 5 day moving average Micro Trend (same as 400ma, 5 minute candles), today the SP500 has broke...

If the SP500 drops to its 200 day moving average, we should get a rebound effect. If it doesn't rebound around the 200dma, it would be surprising. _______________________________________________________________________ Coincidentally, on a 2 day, 5 minute candle, 400ma, Pivot Point chart...

From a micro trend stand point (you got a start somewhere) , the SP500 is attempting to build a base on the Pivot Point line (neutral point, brown line). Still well below its 400ma declining micro trend (grey line). Even though the SP500 is up 5 to 6 points, SPY calls are down a little due to...

OI, here is an interesting observation that I notice tonight: Of all the major indexes (SP500, Dow 30, Nasdaq, & Russell), "only the Dow 30 has already pulled back to the its 200 day moving average today." This leads me to the following questions: (1) "Because the very popular Dow 30 index has...

OI, your welcome. That was good analysis. Today's SP500 Micro Trend chart (10 days, 5 minute candles, 400ma, pivot points), 7 consecutive closes under the declining 400ma micro trend: __________________________________________________________________________ Daily Candle SP500 Chart, 6...

The SPX gapped up at the open. I sold yesterdays calls into today's gap up opening. Gap Up openings fail approximately 50% of the time, thus the term "Gap and Crap." Once again the SP500 has finished below its declining 400ma (grey line) for the 6th consecutive day and it finished lower then...

That's a good question. I have used it since the late 1990's after going to Pristine School and it has worked at a success rate of about 65% to 70% accurate. I don't keep old charts (too numerous) and you really can't back test 5 minute period charts, "but," its the equivilent of the "5 day...

SP500 is again struggling with its declining 400ma micro trend line (gray line), similar to 2 days ago. Todays chart (5 days, 5 minute candles, 400ma, pivot points):

OI, that is an incredible job you did in a very short time. Really glad to see you with drawing the majority of it.

I was wrong about the SP500 breakout yesterday, it finished back below the declining 400ma micro trend, I trailed out of the SPY 279 calls (opened Tuesday at 1.25) at 1.73. Today I am repeating the same call option trade at Buy Limit: 1.21 (filled) / Sell Limit: 1.70 / Stop: 1.20. Here is...

SP500 is attempting to move back above the 400ma micro trend. Here is today's chart (4 days, 5 minute candles, 400ma, Pivot Points). Yesterday my calls didn't hit there modest target of 1.75 and when I seen the positive futures before the opening bell, I choose to not use a Sell Limit and just...

I am in modest profit / low risk mathematical trade today with a R/R: 2 to 1. Bought the SPY JUL279 calls (July 20 exp) with the following bracket order: Buy Limit: 1.25 / Sell Limit: 1.75 (+40%) / Stop: 1.00 (-17%) Below is the 5 day, 5 minute candle, 400ma, Pivot Point chart for the SPX...

Interesting chart: OI, do you think the financial sector moves up from here?

OI, that's actually a good W/L record and good net total profit on those 6 home run trades. 3 wins at +604% 3 losers at -294% ----------------------- Net Profit +310% As long as your initial investment risk per trade is always relatively equal, this is a workable plan. This is a decent...

OI, you had mentioned there would be trouble a 2,800 and today the SP500 is breaking down below its 400ma micro trend. Chart below is 5 days, 5 minute candles, 400ma (grey line), with Pivot Points:

SP500 is "possibly" starting to break its 400ma (micro) uptrend on 5 minute candles. SPX Chart below is 10 days, 5 minute candles, 400ma, Pivot Points:

OI, TTWO has a nice Cup & Handle, if it breaks above the handle its probably good for at least its 52 week high of 129.25. Longer term chart appears to be heading for at least a double top or breakout above the 52 week high of 129.25