Sunday, November 13, 2011

Nemo's Findings for 12/13

(Participation in the room in real time requires membership)

Here are the images:

Here are the links:

Don't forget, the links include a composite link and the time frames broken down in the tabs starting from left to right, including the fib retracements I'm currently looking at, and the subjective price levels. Nothing particularly noteworthy other than the daily.  Notice how both the spy and the iwm have regained the price channel that originally formed over the 6 week period starting the beginning of August.  What's also interesting is the Volume at Price. Notice the volume overhead above the current range in both the IWM.  Pushing through the 200sma to 137 area on spy and the 200sma to 84 area on iwm could provide for some significant resistance...emphasis on could. On an intra-day basis the multi-time frame levels and the retracements have been playing consistent roles in price action.  However, and this may be due to the wide distribution of monthly pivot levels due to last month's historic price movement, subjective price levels have played more of a role of late.  We'll see what tomorrow will bring.