John's Intraday Market Analysis

if it takes out this low ,26, may be a spot to add on ... possibly

 

smh coming up on trend line support, may bounce

 

looks like your right John had to buy 2 back in .

 

wwe could get a good selloff if all these trendlines break. wait for another tick high for next short, that's what I'm thinking.

725.8 breaking point for sell stops.

 

I keep a 31 TEMA on a 15min bar , (Amibroker) , just underthat now may put more on very soon .

 

I see short covering, still waiting for that trendline break, things are choppy, tick near top. 725.6 support, resistance 728.4

edit, smh bouncing on support, if it goes thru this support we should sell off.


edit: smh at 50% fib,,hard to say short or long, my bias is still short, we may need a pop up though to 76% fib then a sell off.

 

looking at xle to rollover, may be a signal along with AAPL.

 

1 more fakeout pop up then looking for short

 

short 726.5

 

covered 726.2 on stop.,,,smh needs to rollover for this trade to work.