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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Friday, January 27, 2012

13:37 pm intraday market update

(limited version)

13:37 pm update:
if the brown neckline holds up (previous volume chart), $spx might move up toward the lower blue pitch fork into the close due to a ST bullish cross of the volume indicator, and then likely break down the brown neckline on next Monday.

13:00 pm update:
volume indicator has a bullish cross in the neutral territory.
$spx is trying to hold above the critical brown neckline, maybe break down on Monday.

pre-market update:
...
MT pattern rhythm well with the historical pattern.
besides the MT bearish patern, i am observing a IT & LT "code blue" pattern which is much bearish than the MT picture.

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