Spx weekly has a good looking Anti setup. I think we will get some more flushout before a more sustained up move. Id say im bullish but wary this time. Vix and eur should be watched as usual.

I know the word “hope” has no place in the vocabulary of a trader, so i will not use it anymore. I do know however that that word is inverse correlation with the market- the less “hope” out there the bigger the potential reversal gains. Spx weekly sure looks grim, still i think any further downside will be stopped by the trendline from march 2009 bottom. Momentum stuff suggest (on the 90min. 2h chart)  some upward wiggle here before the flushout and the dip that i think will be bought and that will carry us into 2012 in higher levels than we are occupuying currently.

Euro not that dramatic today, and Vix not confirming the new lows, so i think well bounce here for a day or two.

Spx parked with precision. I have not taken sides yet.

Euro momentum is turning up, id like to see it go for 1.33 on positive divergence on 3/10

I would like to have seen a more spirited spike on Vix, that is why i have not taken sides yet.

XLF does not look that good, unless the whole eod was a fakeout

If i were to judge solely by Vix then id say the triangle in Spx is going to break downwards. If that were to happen id still expect a strong rally towards december

Looks like there is another ANTI setup here which indicates further downside in spx. I have no positions as of today and just waiting for a setup, did not want to rush into it today.

The ANTI case here:
– The longer term trendline (%D) is pointing down in spx and up in vix
– The shorter term trendline is at the sweet spot where it would ideally bounce back away from the %D

And heres the triangle on Es

Should have covered the shorts when it was time, will probably stop out today since it seems we are retraceing higher than i thought. Theres a wedge forming on the es and it should show point the way for next weeks direction.

I shorted on monday so had to endure some pain on tuesday but finally i trusted my charts for once and took the trade based on that. A relief bounce coming now. I do think 2011 will end much higher than it is today.

An interesting channel on Es

Es flipped vetically, for some perspective

I dont have the issue of overtrading, its rather the opposite, i tend to stick with my initial view of the trade direction even when its going against me. The logic is/was that i would ignore the smaller moves and concentrate on the prevaling trend. Im not in and out that often, mostly because i do this part time. What i look forward and back to are the moments when i have just glanced at a chart and realized instantly whats going on, it just sometimes reveals itself without any indicators and theories. I think thats the true essence of trading, somewhat mysic, irrational and unexpected – just like all those people are who make up the market.

I looking for short side as of yesterday and today.