Hey Traders,

in case you didn’t know, I post intraday levels and updates via my twitter account @esecfutures.

Sorry for no updates last night, but guess what, this is my trading journal and not a job :-P

Cheers and good trading to all

Vlad

http://twitpic.com/eh9iw - $ES_F / $SPX backtest of the wedge in retracement zone holding for now $$

Bloomberg: China Stocks Slump 20% from Aug 4 highs, China entering bear market $$

Hey Traders,

we had an inside low volume “pause” day today, with opex max pain at 980, we might hang around in this area for a little longer, as far as key ES levels, they are the same as yesterday (yes im lazy and posting the same chart)

Will be posting intraday key levels and updates via my twitter account @esecfutures.

Cheers

Vlad

Hey Traders,

no secret that today was the most bearish day in a long time. There is still plenty of work to do for the bears shall they try to turn this more than a good ol’ OPEX shakeout to max pain level of 980.

Here are the s/r levels I will be watching:

Support levels:
975s - Today’s low and gap fill level
964s - previous s/r level
956-957 - major s/r level on the daily and also break out point , also 38% retracement of the rally from July lows.

Resistance levels:
990-991 s/r retracement level from Friday’s closing high
995s - backtest of the wedge
Above there 1000s and then not much in the way of highs.

Few things worth noting about today is that it was highest volume day since , you will never guess, July 8th low, the very low of this move, and also today had the lowest adv/decl reading since March 30th.

Will continue to focus on key levels and be ready for some more OPEX fun.

Good Luck and good Trading to all

Vlad

Hey Traders,

if you haven’t had a chance yet, check out previous Dollar Analysis post levels on which will obviously be crucial as to how Euro plays out.

Here are major s/r levels on the daily chart, pretty self explanatory, with red line being 50ema which kept euro in check today:

here is hourly chart with expected resistance levels:

first level being 200ema hourly laminted with a retracement, and then a trendline. Also, not that if lower low is made, the fib levels will naturally be a little bit different.

Cheers

Vlad

Hey Traders,

while some people are calling for reversal in the dollar, lets take a look at key levels:

Last week there were only 3% Dollar bulls, so sentiment was certainly at a very rare extreme. Today dollar put in a slightly higher high, next level to watch will be 50ema (red line), which also lines up with previous s/r level. Above 50ema will be looking at the channel which is just above 80.0 area this week. On the break of the channel things could get really interesting as the overcrowded short dollar trade traders will likely be squeezed. Then will be looking at previous highs at 81 level, with pullback to backtest the channel form 81 level would form inverted head and shoulders pattern with a target of huge level in 84s of 200 day moving average as well as major swing low.

If the stock market rally continues we will very likely see a new low and another test of the bottom of the channel. Will be keeping an eye on this very important chart, as first key level is less than 1/4 of a % away.

Cheers

Vlad

Hello Traders,

Above  is a pic of live updating LRC for thinkorswim. To add this study to your chart open the chart, go to Add Studies, find LinearRegChVar, once study is on chart right click on it and go to edit, set ”full range” to No (white arrow), and set “length” to your desired number (yellow arrow).

Happy Trading,

Paul.

Hey Traders,

have a great weekend and get some rest, we’ll need it for OPEX week next week.

Cheers

Vlad

p.s.

sorry for not posting today , I was posting all screenshots and updates on my twitter account @esecfutures and didn’t have time to post them here, so feel free to follow me to get the udpates.

We are in a consumer-less, revenue-less, jobless, home equity-less, savings-less, tax revenue-less V-shaped recovery - BUY BUY BUY

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Hey Traders,

will be waking up early tomorrow morning and will post analysis then to include overnight action.

Good Night

Vlad