Fri. 08_16

A key for the above (5min) chart to define the horizontal lines and dots.  For further explanation, see this link:

 If there are arrows on the higher time frame chart (left) they indicate anticipatory trades that are entered using the faster time frame.

ES w/ globex - Closed on the lows

Fri. 04_19

Got chopped up in the middle-morning and took early "signals" later on

A key for the above (5-min) chart to define the horizontal lines and dots.  For further explanation, see this link:  

First hour

Breadth

Volume profile coming into the day, the opening rotations tested the previous day's High Volume Nodes

ES globex - basically the faster time frame "triggered" around the same time that the higher time frame did which resulted in a wider stop tolerance needed and longer patience for the consolidation ro resolve

Higher time frame - still potential for the faster time frame (65min) to pull back (fast line pull back to the slow line), but equally likely for a trend line break and a move back to the $157 area

LOL Fed Day

The SPY closed above the previous day's close. 

Which has been the case for the past 6-days.

It's almost as if the market needs to close this way for a specific reason. 
The end of day hammer candle, was it mostly short-covering or buying??

gotta love Opex

With Options Expiration being tomorrow one should be aware of where price may gravitate towards, so as to cause the "max pain" for option buyers.
Case in point, POT:
nothing subtle about it

OPEX Friday

An interesting day on OPEX friday. The dollar sold off pretty hard, as did oil/commodities (I don't really get that), the markets were slightly negative, but the financials of all things did perform well (bizarro market).
Perhaps we'll have some resolution, in terms of direction, come Monday. Especially if we find ourselves in a nuclear war.
I continue to stalk Treasuries, via TLT/TBT, and today was an excellent day for TLT.
The open on TLT was a slight gap down, followed by a narrow range consolidation that didn't seem to have a directional bias. The impulse move that followed brought us right into a previous day's resistance range, set up a nice tight flag, a volume breakout (yellow dot above the candles), followed by a breakout.
Later in the day provided another entry, as price retraced only to come back and base around the highs.RIMM was an earning's play. They announced Thursday after-hours, beat estimates, but foreward forecasts were weak. After-hours yesterday saw a strong sell-off that was eventually bought up. This morning however, price gapped down, filled it's gap, whipped back down to the lows and consolidated into a narrowing triangle pattern. The break of the apex came complete with volume surge (yellow dots above candle).The SPY hasn't resolved very much and today had a difficult time staying above the $92.50 level. Perhaps come Monday we're either in a nuclear stand-off with N.Korea and we tank, or it's avoided and we rally (haha).