TY, FV: Higher Timeframe Structure

Text book example on TY, FV:

Weekly: Grail Buy + Price does not make new Lows but 3/10 Does; One more Push up.

Daily: Power Buy + Buy Divergences

Friday's inside value area

Test of 1400 came Friday 25th for ES, but other indexes (NQ, YM) made inside days (non-confirmation) ES had up day.
Interestingly, Friday's value area was contained within the previous days', therefore making an inside day as well.
(Value area is the pink vertical line to the left of the blue bars, and it indicates the area where the most trade occurred during the day)



The TPO count above the point of control (POC) for Friday (1887.50) shows that at the close, there were 68 TPOs above POC (representing shorts) versus 32 below (representing longs)

Is this a failed test of 1400? Time will tell; there was not enough time on Friday afternoon for a proper rejection (or acceptance if you're really bullish!) of that level.

Incover

Update on EC rising wedge - Daylight ?

The wedge pattern mentioned a few days ago seems to be breaking. Levels to the downside are 1.52-1.53 and 1.49-1.50.

Best to your trading !

US Corrective ABC on 610 Ticks

US: Had a 3 push downswing. The chart illustrates the aBC Corrective Swing up on 610 Tick Chart.
Had a clean 0-A leg. A-B was coil. After coil breakout, one would expect three pushes up and so didthe C leg has 3 pushes up. Market completed an ABC Corrective wave up. So, minimum expectation would be Low of the Swing 115'16.0...

EC rising wedge on daily chart with declining momentum

When it does break lower, should get a nice move down. Watch for that ...

Alavi

For April 15 2008

LBR Video Screenshot of Possible Wolfe Wave at Fridays Close

Very Long-Term Earnings (Profit Margin Bubble?)

NYSE Volume vs Previous Day

Simple EL code for

{works on 5-min chart only, note: will be wrong day AFTER a holiday shortened day}
value1=(c-c[78]);

Plot1(value1, "VolSum");

if value1 >0 then
setplotcolor(1,green)
else
setplotcolor(1,red);

S&P: 3-Days of overlapping value

Chart-1: Wednesday, Thursday and Friday’s action in the S&P has produced 3 day’s of overlapping value.



Chart-2: The S&P has come into balance at Tuesday’s (April 1st) high. If we get an increase in volume, watch for a breakout from this balance.



Chart-3: The 24-hour Globex profile for the same 3 days shows the selling tail that formed after the NFP report. Dalton states, “..auctions often end following an excess high”. It should be noted that this excess high formed in the overnight session. Trading back up through a selling tail indicates that market sentiment has changed.

SRS

sp quarterly returns

wanted to see for sp500 after a down first quarter( a la hirsh). Here are the results of a down at least -5% 1st quarter in sp and following quarter. interesting results..... irie....mindful

Date lastQ nextQ % % 3/31/1932 (9.98) (39.40) 3/31/1933 (15.46) 86.50 3/29/1935 (10.77) 21.18 3/31/1938 (19.43) 36.00 3/31/1939 (16.44) (1.09) 3/31/1941 (6.05) (0.70) 3/31/1942 (7.83) 3.62 3/29/1957 (5.49) 7.39 3/31/1960 (7.60) 2.86 3/29/1968 (6.50) 10.40 3/30/1973 (5.53) (6.51) 3/31/1977 (8.41) 2.09 3/31/1978 (6.19) 7.08 3/31/1980 (5.42) 11.90 3/31/1982 (8.64) (2.10) 3/30/2001 (12.11) 5.63 3/31/2008 (9.92) Avg (9.52) 9.05 +ive avg - 16.50 "-ive avg (9.52) (9.96) % pos - 70.59 % neg 100.00 29.41