2 short setups in HES, both entry targets were the LOD and taken as an Open-price rejection
I started off with a decent short entry and exit
What followed was an utter mess. Don't ask what I was doing keeping really tight stops on a stock with a >$1 average range. 
I just happened across HES while it was at it's LOD and started watching it closer as it was making it's second bounce off of the $52.25 area.
Curious how price formed the same pattern at support before the breakdown as it did into resistance on the consolidation post-$53.25 breakdown (a mirror image). Also nice how the measured move from the breakdown of the bearish wedge also happened to coincide with the PDL, giving an encouraging target.
Today, price found buying around the previous day's low (PDL) and selling at the previous day's VPOC.
I was watching the PDL for a possible bounce, but internals were increasingly negative and once we sliced through this previous support level I held on for $59.50 for half, and $59 (original target) for the other half 2-minutes before the close. Though I did hold on to 5% going into tomorrow, targeting a test of a naked VPOC.
The weekly chart looks busted, and on a broad perspective looks like a test of H&S neckline (log chart)
Today's entry:
Why enter short up there? Previous day's VPOC (while under today's lows was also a VPOC).
Looking at the price distribution, today's resistance level was a
previous price congestion level, take a look at all those POC's:
Here's what I was looking at on a faster chart with entry/exit arrows:
Later in the day POT provided an example of why not to get too eager jumping into a breach of support/range. I later missed a decent entry:
RIMM broke down from a symmetrical triangle (a form of narrow range consolidation) and pulled back before extending lower. I actually exited half at the PDL (red dotted line) before exiting the remainder at the green up arrow.
FCX; I didn't actually trade the first breakdown from consolidation, but the break-out later in the day provided a good opportunity. This highlights the concept of avoiding buying a breakout/breakdown as it's happening. If you're not in it before it breaks out, it's best to wait for a pullback before entering. In this case one might have bought the initial breakout and may have been stopped out on a return back to the congestion range. A realistic target in today's market (mixed/neutral internals) was within that PDC, PDH, or Open price range (blue dotted line, green dotted line, yellow dotted line respectively).
And finally, another one I missed today (thinking it might pull back more) was a symmetrical triangle in IWM:
ADV/DECL issues and UP/DOWN Volume leaned neutral to bullish throughout the day, perking up towards the close.
....which sets the stage for a breakout of one or the other. Should equities break out a test of overhead levels will make or break this recent corrective move.
IWM could get pretty dramatic if it makes a play for $63.25
The Q's have a 61.8% retracement at the $45 level
and the DIA actually broke above it's 50% level and found support on previous resistance ($103)
Which all seems pretty bullish, until you look at the Daily charts and start seeing these gap-up, narrow range dojis and ascending wedges. 
While the Dollar sits in the upper range of a tight sideways consolidation after strength to the upside
either one (index or dollar) could have a blow-off moment. Equities could fall from here with a breakout of the dollar and perhaps hesitate at the lows should the dollar come back to test Resistance-2-Support ($24 on UUP).
RIMM has a $65 pivot
...and as such, price consolidated narrowly under this level this morning. The first move to $65 was a fakeout and looked to be breaking down from an ascending triangle (a measured move from which would target the lows of the day). Being that price didn't give up much ground from the apparent breakdown, it was still looking bullish. My entry was $64.89 and my target was $65.75 (based on previous resistance) and I actually held the entire way.
Unfortunately I didn't short the double top back down to $65, and beyond.
The SPY did put in some relatively strong volume today (270+million shares, 24-days since we last saw this) and closed the week with both a higher high and higher close.
Funny thing about that volume. A strong order came in right around the previous day's close to support this afternoon's downward swing.
Intra-day we saw some nice equal moves hitting their Fib. Extension targets.
And finally, the SPY looks to be in a bullish Wolfe Wave. A breakdown and I'll look for a contrary wave (based off of 11/9 as the 1-point). A push higher and the "sweet spot" has an awkwardly wide range.
Speaking of Wolfe Waves, take a look at the recent activity in the U.S. Dollar Index:
I'm still looking for a climactic move down in this name to test recent lows. Next level of support is the $29 level as mentioned in a previous post.
Anyway; the arrow down is entry short, arrow up is exit, horizontal line is entry price, with a stop $0.25 above.
Going into tomorrow we should look to see how price tests today's highs. A test of $32 wouldn't be out of the question, but it looks pretty weak right here. $30.50 provided support these past two days, and wile price bounced off this level yesterday into the open, when tested again it had a much weaker bounce. 
On the daily, price consolidated into a 3-bar triangle (lower high than the previous two highs and a lower low than the previous two lows). This pattern tends to respond in a similar way to the nr7 "coiled spring." For further support on the downside check out my previous post on the matter.
