Nemo's Findings week of 4/8

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html

 Here are the levels for next week:

 Here is a look at the daily on SPY.  Notice how the Yearly R1 was acting as support, well until the jobs report came out on Friday

 Here are the gap areas I've identified on the daily:

 Here's the daily on the IWM:

Here are the gap areas on IWM I see:

 

Here's the original explanation:

http://tradinglog.realitytrader.com/2011/12/multi-time-frame-pivot-analysis.html 

Nemo's Findings for week of 3/5/2012

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

Here are the images for next week:

 
 Needed to feed my ego so here's a vid:


http://www.youtube.com/watch?v=GPkiVGUXjGI&feature=youtu.be

The original guide :

http://tradinglog.realitytrader.com/2011/09/nemos-findings.html

Nemo's Findings Monthly Level Update

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

New month middle of the week, more work for me.

Here are the levels: 

 

Nemo's findings for week of 2/26/2012

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

Here are the images: 

Of course, monthly levels change mid-week. Not sure when I'll have THOSE up.  C



Here's the initial post:

http://tradinglog.realitytrader.com/2011/09/nemos-findings.html

week of 12/20 SPY/IWM Multi-time frame updates

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

 Here are the images for next week:

Here's the outline post:

http://tradinglog.realitytrader.com/2011/09/nemos-findings.html

Nemo's Findings for the week of 2/11

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

 Here are the images:

Nemo's thoughts (be very afraid):

...Not really...Anyway, if you look at each of the diagrams, you'll see Friday formed what is arguably a classic double/triple bottom in all three.  Friday's drop, arguably, resulted from the Greeks repudiation of the then current debt deal.  

Imo...expect there to be an announcement of a deal probably before the market opens on Monday so only futures traders will get to take advantage of the subsequent rocketing of the indices, and we equity folks will be sitting on our hands (I enjoy the palms up position) in a major gap up Monday, bored out of our chairs with the lack of trades.  Having said that, if the indices do not react that way, then the downside becomes a higher probability.  

As we can see from these 15 minute charts, IWM is falling somewhat (or is it a bull flag?) and SPY and QQQ are flattening.  No surprise after the run they've had.  IWM peaked out at about 39% gain since Oct 2011, the SPY and QQQ about 26%.  Looking at daily charts, no trend is yet in danger.

Looking at levels of support and resistance 137.00 to 137.40 looks like the area of greatest resistance in the SPY...that is likely the next test. Below, there are no major confluence areas until we approach the  131 area and then the monthly pivot.  The IWM is the canary in the coal mine for risk-on or risk-off.  As I said, it's been flagging.  Now, is it a bull flag or the start of a pull back?

Here's the link that describes the process:

http://tradinglog.realitytrader.com/2011/09/nemos-findings.html

Nemo's Findings

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  


Here are the images:

Here are the links:

http://www.freestockcharts.com?emailChartID=c484775a-e72e-4f17-b23d-12dcf1e3c477

http://www.freestockcharts.com?emailChartID=ad8ad521-52b2-4acd-913f-9f21a1fb85c7

http://www.freestockcharts.com?emailChartID=848c3362-b053-4999-8033-11a5a58719c7

Here's a link to the original post describing the approach:

http://tradinglog.realitytrader.com/2011/12/multi-time-frame-pivot-analysis.html