APr 5

BIG GAP DOWN on futures

dow -161

AD -1900

payroll data -- killer.

IBD names red
vix 9.45%
/zb 1%

amateur move is to get long for a bounce.

This needs time to create a base.

Daily Charts broken

IWM below 50 day MA.


AD bottomed out at 9:38 -- rising --   first bullish divergence.

Can't see anyting on 5 min -- consolidation/distribution still here.


vix 9.5
/zb 1.11%
AD -1771

AD rising slightly -- divergence :  10:19


10:20 --  BUY SIGNAL   - rising ad , drop in /zb

yes -- /tf -- was 35 tick move

/ym -- from the low from weeks ago -- 40 tick bounce -- responsive entry would have worked.

AD -1520  rising...

10:41 --  BOUNCE OVER --   AD SIGNAL

/ym -  PATTERN:  wedging consolidation formation.

AD  over -1500 rising
/ym - top of wedge.

that was 20t.

/tf  to 915.5 !! -- filled gap down premarket --

AD rising called it -- now a PUKE candle = exit -- and done for day.

Leadership still 98% red -- can't hold up here.

AD -1033  -- rising into Major 15m dTL

$TICK higher lows intraday.


rising AD -999

short /tf   15t stop --  /zb  - breaks triple top , AD starting to decline?

midday -- the best move of the day is over -- this is chop now.

AD -969 nhod -- stronger....

/tf - needed to form a larger pattern.

You get stuck trading too small patterns.

ad -912  nhod

/tf 917 -- wedge break

AD -820  nhod

/tf  917.7 nhod


12:55 -- SELL SIGNAL

vix -5.3%
AD -860
/zb 1.17%
6 green IBD names.

opex Fri...  grinding into weekend?

AD -620
/tf 918.4

/ym 14450


VERY SLOW -- no movement here -- opex Fri.  typical -- the opportunities were -- ONCE AGAIN,

in the morning.

AD -588 nhod -- this is the key Market Signal to keep you out of a short today.


still no Puke candle at the top -- so grinding on.

/zb - pulling back
AD -550s

end of day chop and crap

/ym -- almost touched yesterday lows -- was the hod.

/ym and /gc -- both 61.8 fib retrace again from high to low -- one day.

After big drops-- always see the fib retrace level -- that's what you want to look for.

/es , /ym --  ONE HOUR TL touch --  big picture.


Trend Up Day  to ONE HOUR TL --

Rising AD
/zb -- TL break -- dropping at 2:20 --    so double signals to keep rising.