ES Journal Archive (2009 - 2010)

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any libor watchers here that can shed some light on the relation of libor to the spx, blue circles in libor preced spx selloffs,likely or an anomaly
 

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The NDX daily is a much clearer (more classic) looking chart than the SPX for 2 reasons:

1. The necklines are pretty much the same so that answers LC's consern about not being on the same level on the SPX chart.

2. Yesterday we bounced back from the SMA line, today we broke through. The SPX overshot it yesterday, again, confusing the picture.

So as long as we stay above the SMA on the daily I consider the H&S pattern intact...
 
Quote from ammo:

any libor watchers here that can shed some light on the relation of libor to the spx, blue circles in libor preced spx selloffs,likely or an anomaly
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You would be better served looking at the 10-yr notes than stocks.
 
Quote from Pekelo:

The NDX daily is a much clearer (more classic) looking chart than the SPX for 2 reasons:

1. The necklines are pretty much the same so that answers LC's consern about not being on the same level on the SPX chart.

2. Yesterday we bounced back from the SMA line, today we broke through. The SPX overshot it yesterday, again, confusing the picture.

So as long as we stay above the SMA on the daily I consider the H&S pattern intact...
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How many days SMA is that? Thanks.
 
The dollar declined until 11:00am. During this time we have had the bullish run up. Since 11:00am, the Dollar has rebounded and then some, regaining all the losses since EOD yesterday. However the ES and NQ has had the bullish move in step with the dollar decline, yet not declined back anywhere near the same amount as the dollar rebounded.

Is this a setup for a bearish view for the rest of the day on the ES and NQ (and others)?

Edit: Or a bearish view on the dollar......... :-)
 
Quote from cipherscribe:

The dollar declined until 11:00am. During this time we have had the bullish run up. Since 11:00am, the Dollar has rebounded and then some, regaining all the losses since EOD yesterday. However the ES and NQ has had the bullish move in step with the dollar decline, yet not declined back anywhere near the same amount as the dollar rebounded.

Is this a setup for a bearish view for the rest of the day on the ES and NQ (and others)?
More...
You forget that the stock market is under direct government control. Everything else is left alone. :)
 
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