july 8

/tf takes out all time highs o/n  1009.4  -- blue skies.

now 1007.8 at 7 am.

/es tops 1638 - PERFECT 3 PT . TOUCH ON HOULY CANDLE , 3 DAY CHART.

all time high 1008.3 - now a double top area.   TL break +double top at known resistance.  May be ideal short?

premarket prone to breaking established lines.

IBD names extremely green pm.

TSLA, SNTS, ACAD, DDD, GPS, FSLR, DB, BAC, AAPL

PCLN +16 points.    to 872.


1008 holding.

gld, gdx higher on some calls. 

/cl  down 1% -- finally.

scty, ddd, pcln,  superstrong.



1008.3   acting like res.

1008.5  at 11am

excellent Market Signals... need signficant time to fade.

many new 52 wk highs printing.

NXST, SNTS, NGVC

1:20   tf 1006

signal earlier for 30 t drop - then spike back up -- now wavering again

ad 390 --


utilities leading.

2:45   Big wedge sets up -- won't get out of  it.

1008 ...

ad 399

/tf -- stalled

lost 5 ticks on triple bottom --  I think it was a good trade....  signals were strong.   but

AD  at 350 and never budged on intial b/o of wedge -- dead market here -- just too extended.

/tf -- breaks lower

Strong IBD names but XLU leading and /nq red...     NAMO extended... could not trend anymore.


Had to recognize rangebound -- look for a double bottom entry.