Posts by Rod David
Afternoon bias
| THU afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 2066.00 | 2058.75 |
| …would target | 2071.00 | 2064.00 |
| Bias-down: under | 2058.00 | 2051.00 |
| …would target | 2052.25 | 2045.00 |
| Signal status: BIAS-DOWN | FAQ | |
| INTRO VIDEOS #1 and #2 | ||
1. At 1:20, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 1:20 would be “no-bias,” and the bias signals should define the bias environment”s range.
— A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 1:20 would invoke a grace period through 1:30 to trigger a late signal.
— “Late” signals don”t require testing the opposite bias signal, but it”s still likely.
4. Still testing the bias signal at 1:30 after invoking the grace period would trigger “noN-bias,” with no bias influence.
MDBX had a nice pop,
MDBX had a nice pop, and now so has VAPE. TRTC has started rolling over again and may fulfill my long-standing target soon. GWPH has yet to crater — can that be avoided? We”ll discuss those issues, and other high-profile coverage, like BABA, NFLX, etc. in today”s Livestox at 12:15pm ET, at
https://roddavid10.mitel-nhwc.com/join/pcxsrhm
You”ll be able to request your own stock chart analyses, too.
IF UNABLE TO ATTEND, PLEASE POST ANY STOCK CHART ANALYSIS REQUESTS TO THIS THREAD.
Want to teleconference? Let me know you”re using this:
1-605-562-0020
Meeting ID 976-912-682 #
And here”s the recent comments for recognition by the Marketfy search engine:
Rod-David — OSLH — Capitulation one month ago took price down to .0025. Price action since then has ranged narrowly around .0025. Its two-week old low at .0017 was probed slightly by a blip-down to 0016. The interim action formed a Descending Triangle whose downtrending resistance is now trying to break higher. Meanwhile, volume is expanding into the probe above downtrending resistance.
[I own no shares of this stock, nor do I have a controlling interest in shares.]
Posted 43 minutes ago —
Brett-ster — Rod, where do you see support on AAPL?
Posted just now —
Miss Kitty — Also, please give the chart set up and parameters on NFLX for considering shorting it? I think you said last week it was then one of the most broken patterns of the stocks you follow so a good candidate for shorting now?
Posted just now —
Rod-David — AAPL — Support at 128.25 was tested throughout June as price ranged around it. Now 122.25 support is being attacked, whose break would invalidate the upside potential to 140.
Posted just now —
Rod-David — NFLX — Under 639.75, especially if maintained through the close, would target 569.75. Meanwhile, one more new high is not out of the realm of possibilities.
Posted just now —
Rod-David — MDBX — Extending yesterday”s pullback down to test .21 support. Closing above .26 would target .31 and potentially .35
Posted just now —
Miss Kitty — What are the parameters for BABA as a short? Thanks in advance.
Posted just now —
Rod-David — BABA — I don”t really have an attractive short-entry at this stage, probing new lows. May”s earnings reaction was a big tell, although that didn”t prevent probing fresh highs. The reversal back under 86.50 was confirmation that the fresh highs were rejected. Now the decline is intact so long as 80.10 holds as resistance.
Posted just now —
Rod-David — LIVESTOX TODAY… DETAILS TO FOLLOW…
Posted just now —
Rod-David — OSLH — Dipping back to prior lows. I would consider being flat this if already long, and waiting for the close to establish whether the dip held.
Posted just now —
Rod-David — VAPE — Our other outstanding highlighted stock, before surging into and out of the weekend. That was corrected Monday, and now the surge”s high is being probed. The new pullback limit is .34
Posted just now —
guanito — tku
Posted just now —
Rod-David — TRTC — We”ve been monitoring this for a fresh low targeting something in the 99-cent range. The recent consolidation has begun rolling over, but I wouldn”t try to catch a new low so much as be prepared for it.
Post-open review… Too much of a good thing.
Extreme buying pressure attracts little sponsorship.
Gapping up above yesterday afternoon”s 2053.25 bias environment high would have formed a session-long rally setup. That threshold was raised to the morning”s 2058.00 bias environment high, once it was probed. Then yesterday”s 2063.75 pre-open high became part of the mix — not as consequential, but relevant.
All of which were exceeded before the open.
A blip-down to 2063.75 surged to a fresh high at 2068.00, which reacted back down to overlap 2063.75 at 9:45. Maintaining its recovery would have been optimal to confirming the session-long rally. But the open had maintained its gap up above yesterday morning”s 2058.00 bias environment high.
So, session-long rally gets a benefit of the doubt. The next opportunity to signal otherwise is at 11:30 upon the bias environment lapsing.
A sell signal had triggered already under 2064.00, with potential to 2058.00. Giving the session-long rally a benefit of the doubt didn”t prevent extending down to 2058.00 — or lower to 2053.75.
But, session-long rally still gets a benefit of the doubt.
Back above 2058.00 (being tested now) would start to signal momentum reversing up. Its minimum consequence is to retest the downleg”s 2068.00 origin. There”s no reason for that during a session-long rally other than to extend much higher.
Otherwise, extending the post-open drop would next target 2051.00. And this late in the session, that would probably not recover 2058.00 by 11:30. Which would instead signal the session-long rally had inverted.
The overnight rally has extended
The overnight rally has extended up to 2064, where Globex had peaked before yesterday”s open. If touched post-open, then it must be exceeded through 9:45 to form the session-long rally setup. Whether 2064 were touched or not, back under yesterday morning”s 2058 bias environment high at 9:45 would invalidate the session-long rally — and possibly also invert it to be as bearish as it could be bullish. More detail is discussed in the pre-market Tour, recorded here:
https://roddavid10.mitel-nhwc.com/join/mjztwrh
The First Trade… Correcting for the halt’s effects?
Proper context can start the day with a solid win and make all the i difference.
CHARTROOM LINK(s)
o Win XP-Friendly entry
o non-xp friendly (ilinc)
(pre-open Market Tour begins at 8:55 ET)
Through the prior close…
Gapping down Wednesday to its 2062.50 bias-down target was extended lower through an eventful day, marked by an unprecedented NYSE halt and unaccommodating FOMC Minutes. It was an inside day, which often makes the pessimism ineffectual. But the final hour hovered optimistically above Tuesday”s lows after piercing Tuesday”s 2037.25 pivotal low.
Overnight action”s new info…
Almost the mirror image of Tuesday night”s pattern, last night”s Globex action has only trended up. Yesterday”s entire session has been retraced, touching its opening blip-up 2061.75.
If, then…
Having trended down into yesterday”s close, maintaining a gap up above the afternoon”s 2053.25 high could form a “session-long rally” setup. The gap up”s threshold will be yesterday morning”s 2058.00 high if today”s open were still probing above it. In either case, maintaining the gap up would leave unfinished business below, since touching Tuesday”s pivotal low requires testing its 2035.00 actual low, too. In fact, that would be the objective of not maintaining a sufficient gap up — which can become more difficult when overnight action has trended relentlessly. Otherwise, a session-long rally would target the range”s 2072.50-2076.00 upper-end.
First Trade…
Exiting the open at 9:45 above 2058.00 would be likely also to exceed the 2052.25 bias-up target through 10:15 to renew the bias-up signal. There are no other relevant preliminary signals, other than the “session-long rally” setup.