Daily Review 2009-09-30

Last day of Sept trading, 3 indices all closed into red. All 3 monthly candles are green, both COMPQ and SPX have 7 monthly candles in green, last time on SPX was year 2006, 8 greens in -a-row, and NAz was year 2003, 7 greens in -a-row.

Detail after market closed review posted here.

1. DJI Daily:

LL.LH red long leg doji, with volume up, 2nd BC, new weekly low printed, so, far on daily chart it has "3BC + 1 extremely thin volume green bounce candle + 2 engulfing BC", If it adds one more red bar tomorrow, then, it will have 3BC+3BC pattern; for the first time since Jul low, DJI has more bearish looking candles than bullish looking candles on daily chart now.


2. SPX Daily:

LL.LH long bottom leg red hanging man, South Pointer waiting for a bearish confirmation, volume soared, penetrated S3 and 20 ema again... a close below S3, will give it a no support zone all the way to S2. Similar to DJI, 3BC+2BC already... waiting for another black crow tomorrow.

2009-09-30 Intraday DJI, SPX

Well, if today DJI and SPX close like this, then, the pattern is even worse than close near day low today, this is virtually wiped out a chance for a green bounce day tomorrow, and the intraday bouncing action actually sucked more cash out of the traders' pocket while they are doing so called " buy on dips"!

Hoho...

1. SPX: penetration here, LL.LH is the fact... hanging man..., South Pointer



2. DJI: LL LH hanging man, day low is new weekly low... no support until S.

Daily Review 2009-09-29

OK, Tomorrow will be the last trading day for Sept. How the market could closed for Sept, that is still a big question mark, DJI closed up 246 points for the month of Sept as of market closed today... And 246 points on DJI is really a one day job... this means... before the end of trading tomorrow, we still don't have answer on what a Monthly candle could be for this Sept: red or green.

Chart pattern and market action might hint, SPX could see 990 or lower very quick!

Stay on high vigilant.

Detail After market closed reviews posted here.

1. $SSEC Daily:

LL LH red doji, continuation pattern, trading range between 200 ema and LBB, this is still the resistance and support range for tonight.



2. DJI Daily:

HH.HL peak red bar, with volume up, so, green day with volume drop, red day with volume up? S2 is turning into a resistance, Day 4 closed under S2, so, rising wedge B&S2 break down is valid.
Again, no support until line S. MACd/KD/RSI continue heading lower.



3. SPX Daily;

HH.HL red shooting star looking candle with volume up, C is still the resistance, support at S3. Very fragile pattern, Rising wedge E' & S3 break down should send it down to S3 in days...

Daily Review 2009-09-28

Details: 2009-09-28 After Market Closed

1. $SSEC Daily:

LL.LH, bear flag break down big red bar... closed below 200 ema again, next support at line S.



2. DJI Daily:

HH.HL green bar bounce back to line S2 with low volume. For tomorrow: resistance line S2, support line S.



3. COMPQ Daily:

HH.HL, low volume green bounce day, resistance at S, support at B.


4. SPX Daily:

HH.HL, low volume green bounce day, resistance at C, support at S3.



5. TLT Daily:

HH.HL green bar with volume up, another new session high close, 2nd upward gap open here (continuation gap?) Line T and V double resistance break out. MACD buy signal given.



6. $USd Daily;

HH.HL green bar, resistance still at R2... continuation candle, no question about this...



7. $GOLD Daily:

Another LL.LH doji, continuation pattern, this could be a tiny bear flag... next support at S1.

Weekend Review 9/21-9/25

Details: click here.

1. DJI Daily:

3BC, volume steady, lost S2, next support at S.



2. COMPQ Daily:

3BC, Volume steady, resistance at B, support at S1.


3. SPX Daily:

3BC, S3 penetrated, MACD sell signal given, KD lost 80... weak now.



4. $USD Daily:

HH.HL red consolidation day, resistance still at R2.

Daily Review 2009-09-24

Details: 2009-09-24 After Mkt closed

1. DJI Daily:

S2 penetrated, closed below S2, LL.LH red bar served as a follow through as well as a bearish confirmation to the BeE candle from y'day. next support at 9441, then line S. Volume steady.



2. COMPQ Daily:

LL.LH bigger red bar, volume steady, bearish confirmation, follow through candle. Closed below S, next support: S1 and D.



3. SPX Daily:

LL.LH red bar, volume steady, bearish confirmation, follow through candle. Closed below C, next support: S3 and P".



4. $SSEC Daily:

LL LH green bouncing candle, continuation pattern, support at 200 ema, 2769, resistance at 100 ema: 2892.



5. $USD Daily:

HH.HL green, continuation candle, 2nd white soldier. Resistance at R2, Support at A.



6. $GOLD Daily:

LL.LH red bar, 2nd Black Crow. continuation candle, next support at R1 and S1.

2009-09-24 Trading hours...

DJI Daily：

S2 penetrated. Next support at S.

So,What is a good chart? A good chart is: you have the line on chart long before the mkt proves it! Hehe... Expanding triangle A&B. So, it touched line B many times already, the next job is to touch line A many times... When? Why should I care... I can wait...

8:02 am



SPX Daily:

It already printed a LL, so, this is a bearish confirmation and follow thru, thus the reversal from y'day got confirmed! DJI, COMPQ are similar.

7:07 am


DJI Daily:


Today, it needs a LL candle as a follow through, watch for a penetration at line S.

Daily Review 2009-09-23

Details: 2009-09-23 After mkt closed

1. $SSEC Daily:

Line F penetration, bull channel B &F is gone... This is a LL.LH follow through red bar, next support at 200 ema near 2768 for tonight, then, the previous low at 2639. Watch for another downward gap to be formed tonight due to the weakness in US market today.



2. $WTIC Daily:

A decisive line P penetration big LL.Lh red bar, Triangle P&N break down happened, as well as a H&S break down, next support at line K. Weak support at 100/200 ema.



3. DJI Daily:

A&B: a magic expanding triangle, this is another touch at line B in a week, volume up red shooting star, BeE candle. A LL.LH follow through is required...



4. COMPQ Daily:

Volume up BeE bar, shooting candle, support at S for tmr.


5. SPX Daily:

Volume up BeE bar, shooting candle, support at C, resistance at E for tmr.



6. TLT Daily:

Volume up BuE hammer, triangle C&D break out to the upside, resistance at B for tmr.

Two Charts updated today

AIG & AMR

Daily Review 2009-09-22

1. DJI Daily:

Volume up HH.HL green bar, still between S2 and B, Expanding triangle A&B still valid, Rising B & S2 still unsolved.


2. SPX Daily:

HH. HL green bar with volume slightly increased, resistance at W & S1', Support at C and E for tmr.



3. COMPQ Daily:

HH.HL black hanging man, closed at new session high with volume increased. Support at line S.



4. $SSEC Daily:

HH.HL big red bar, resistance at 20/50 ema, support at line F & 100 ema. Both 20/50 ema are turning downward... bearish looking.



5. $USD Daily:

LL.LH big red bar, closed below line A, set new low.

Daily Review 2009-09-21

1. $SSEC Daily:

LL.LH Green hammer, so, Friday's Rising wedge break down BeE bar got a bearish confirmation; weather itself is a bottom out hammer or a South Pointer requires another confirmation from tonight.



2. $WTIC Daily:

LL.LH big red bar, from N to P, this is 3rd failure at line T1 in Sept. if line P lost, then, next support line at K.



3. $USD Daily:

HH.HL green, 2WS, currently in no resistance zone until R2.



4. $GOLD Daily:

LL.LH red hammer, or South Pointer, 3BC, Green rising wedge broke down. Next support at R1, S1.



5. SPX Daily:

LL.LH, Low volume red hammer, closed below W and E, next support at C, so, possible South Pointer, and 3 crows in place??



6. VIX Daily:

HH.HL Black bar, no gap open, 2nd penetration to line Y, closed above U, resistance at Y and support at U for tomorrow. Between Y and X is a no resistance zone.

Weekend Review 9/14-9/18

1. DJI Daily:

A Green insider, no HH printed, so, this is not a bullish confirmation candle, still a valid Expanding Triangle A&B.


2. DJI Weekly:

HH.HL green bar with volume up, closed above fibo .500 line and right at line E, E&C is still a valid rising wedge...



3. COMPQ Daily:

Black insider doji with volume up, no HH printed, so, this is not a bullish confirmation to the previous red doji; No LL printed, so, it is not a bearish confirmation to previous red doji... need wait one more candle for the direction... possible 2BC. Another penetration happened at lineC'.


4. COMPQ Weekly:

HH.HL volume up green bar, line K break out, my original red dot touched. Next resistance at 2155.


5. SPX Daily:

LH. HL insider green doji with volume up, neutral to the previous red doji, need another candle as confirmation. Support at W &E, resistance at U.


6. SPX Weekly:

HH.HL, line K break out with volume up, resistance at 100 ema, support at line A.


7. VIX Daily:

HH.HL green doji, bullish confirmation to the previous red hammer, R break out and closed above line U, resistance at Y and X, Y was penetrated, so, the real resistance is X. 2nd buy signal given on K%D%.


8. VIX Weekly:

Red insider hammer, now new LL set this week, so, the bottom is passed next week? More confirmation is required.


9. $USD Daily:

HH,HL green inverted hammer, previous morning star got a bullish confirmation, line R1 cleared, next resistance at R2.


10. $USD Weekly:

Red LL.LH doji near falling wedge lower bound, morning star or continuation requires another weekly candle as confirmation.


11. $GOLD Daily:

LL.LH red bar, bearish confirmation to the previous red doji, watch for the green rising wedge break down next week.



12. $GOLD Weekly:

A HH.HL black doji above line R1, continuation or reversal doji requires next weekly candle as a confirmation.


13. $WTIC Daily:

LL.LH red doji closed at N again, this is a bearish confirmation to the previous green doji.


14. $WTIC Weekly:

Still closed under S1.