Mon 05_13

Breadth

Vol profile comming into today

Higher time frame- potential long entry provided we break out (again) and get the fast/slow line crossover on the faster time frame's 3/10macd

ES with globex - a bit choppy on some of those entry triggers

Fri 05_10

Choppy, choppy day....

Spent A LOT of time chewing through these high volume nodes

Breadth - Up/Down_Volume stayed trending bullish all day long.  Adv/Decl issues bounced nicely at the zero-line initially, failed but recovered later on

Higher time frame - 65-min showing 2c-2d criteria (looking for a 3d criteria on faster time frame for entry long) while holding on top of the 20-period MA

Weekly/Daily bulls in control

Wed 05_08

Breadth - zero-line bounce on the Adv/Decl

Volume profile coming into the day -

Higher time frames:
SPY

ES with globex

ES with globex intraday

Tue. 04_23

Extreme advancing days you really need to be in before the first hour.  The 5min 3/10 macd will be practically useless as well (if you want a good price), so you have to either buy some form of support (vwap, pdh, o/s, etc) and/or go to an even faster time frame for entry cues.
The problem is knowing when you are in an extreme advancing environment before the first hour has traded.
Opening with a 1a criteria (or 4c in the case of an extreme declining day) is my first clue.  The extent of the gap involved (there is most often an impulsive gap) and behavior in premarket.  Finally, some breadth readings to help you feel like the wind is in your sails.
 Breadth started strong (TICK opened +1000)

Opening hour- pullback to the Open and vwap coinciding with the pre-market high $157

Lucky exit before the tweet-crash

Volume profile coming into the day, we settled right back into price familiarity

ES_globex.  Very interesting that the tweet-crash bounced at the overnight range midpoint, on the dot

Tue. 04_02

today's trade
nice bounce off the pre-market midpoint that coincided with a zero-line touch of the Adv/Decl (see below)

A key for the above chart to define the horizontal lines and dots.  For further explanation, see this link:  

breadth (the Advancing/Declining Issues and Up/Down Volume are for the S&P500 only)

Opening swing:  Open Reject Reverse Opening type.  The lows coincided with the previous day's LVN and Friday's POC.  This is a 'fast' chart so to better see the opening swing, for a definition of terms you can look at this site http://www.futurestrader71.com/?page_id=1280 .

I failed to take action on the opening sequence.  Overall not much trading done.

5min SPY with premarket

ES Volume profile: Day type = Neutral Day.
 I got the idea to include this from @eminiplayer ...the idea is not my own, but I thought it would be a good thing to include in a daily wrap-up.  FYI the low of the day was 59.5  the long tail here is due to globex inclusion.

Mon. 11_12

Inside day (bonds and banks closed).
The day's trade:

A key for the above chart to define the horizontal lines and dots.  For further explanation, see this link:   

Today showed some A/D zero-line bounces

Nothing has changed.  Options expiration this week could bring any number of things; typically we see at least one day that has strength behind it (we also typically see at least one day with a choppy, narrow range).

Currently holding a higher low (65m chart on the right below).  

the 15m & 5m with 3/10macd.  Blue arrows = entries, Black arrows = exits.

Fri 11_09

I didn't participate in much of today's trade.  The arrows in the chart below represent potential entries.  I only traded the 1:30 setup, had I been at my computer I might have taken the entry around 2:30 which may or may not have wiped out my gains from the previous trade.

Today's trade; the ideal entry was the pullback to the o/s_high (also the overnight range midpoint)

A key for the above chart to define the horizontal lines and dots.  For further explanation, see this link:   

Thought I would include the Advance/Decline as it showed another example of zer-line support today

Daily time frame 50% Fib. projection target fell just short (though hit it in the overnight trade).  The faster time frame starting to diverge on the lower lows which could present a bounce into next week, just in time for OpEX

Mon. 10_15

Gap up, gap fill (-50% projection of overnight range), closed near highs.
Opening swing high was at the mipoint of the overnight range.  The overnight high played a key pivot in the afternoon/late-day session.  Finished the day right on the +100% projection of the overnight range.

Advance/Decline started off strong again this morning.  Dipped negative, but recovered.  Notice how the zero-line played support-to-resistance-to-breakout.
Up/Down Volume was positive all day long.

15m & 5m with 3/10macd - Would liked to have traded long the continuation move around 11:15am into the previous day's high, but wasn't at the computer.  I always like how the 20-MA acts as support/resistance on a 15-min chart.

Daily showing a bounce at the 50-MA, the "faster" time frame (130m) looks as though it could stand to put in a higher low.

Updated hourly chart showing the 3d-criteria bounce, however now there's a sell divergence showing.  $144.50 still an obstacle to overcome.

Fri. 10_12

Keeps trying to bounce, but keeps getting sold, hmmm
For the first half hour there was a battle to retain the previous day's low and recover the overnight low.  Once breaking above the overnight low (and o/s_high) price made a bee line to the overnight highs (missing by a dime).  With lack of follow-through price returned to its comfort zone (overnight low, previous day's low, and o/s_high confluence).  The resulting head and shoulders pattern then fulfilled its measured move.

Advance/Decline showing the congestion at the zero-line before breaking down.

15m & 5m with 3/10macd.  The opening sequence was a 3d criteria setup.  The strong 15-min bar closed just above the resistance level to watch.  I did enter long (small) at the 9am trigger bar, but the trade was a scratch.  I almost scratched my short entry (patience).  Also, there was a short entry that I considered taking at around 12:30 but passed on it.  Was expecting a stronger bounce into the close, but it turned out pretty muted.

Daily & 130m chart; price trying to hold the 50-day MA and the breakout point from September 6th.  Slight buy divergence still present in the daily, but the faster time frame can still work lower (extending the fast line on the daily).

SPY weekly coming into the previous resistance breakout zone.  Weakest weekly bar since June

wED 10_03

SPY with TICK
Opened near the overnight highs, sold off to the overnight lows where strong volume brought us back to the highs of the day.  A pullback to the overnight range midpoint found buyers to break price out to the 50% extension of the overnight range.  Initial support found at the confluence of IB_high, o/n_high, o/s_high and Opening print.  Weak buying led to a further pullback which was capped off at the o/s_low.

A key for the above chart to define the horizontal lines and dots.  For further explanation, see this link:   

Advance/Decline and Up/Down Volume both showing zero-line support today.

Most of my entries today were taken prior to the "trigger" entry.

The SPY still looks to be setting up under resistance.  Tomorrow should be interesting in terms of a more definitive direction.

over $145.50 is important for a bullish bias

The QQQ is looking similar as it sets up under $69.25.  You can make a bearish case for the daily chart showing a bear flag/pennant, but that could be erased with a close above the $69.50 mark

Jobless Claims at 8:30 EST tomorrow and Fed minutes at 2pm.