The UUP setup is a long term setup and will tell market participants when there is a top in equities, last year on May 19,20 the UUP broke through all containment pts signaling to market participants that any downward movement would be corrective. Right now it would need closes above the 24.25 level.
1143-1158 estimate today for /ES (15 points, June contract) 1145.50 -1155.75 actual today (10.25 points) Pretty close.
Trades: In /ES at 1139.25 yesterday, sold today at 1150.75 (gain of 11.50) In /ES at 1147.75 today, sold at 1150.75 (gain of 3.00) In /ES at 1151.25 today, sold at 1154.75 (gain of 3.50)
***the XLF can print prices higher than 15.82, that price just terminates my setup
$RUT closed pennies away from the $679.75 level
The UUP setup is a long term setup and will tell market participants when there is a top in equities, last year on May 19,20 the UUP broke through all containment pts signaling to market participants that any downward movement would be corrective. Right now it would need closes above the 24.25 level.
all I know is numbers, AAPL's regulator has not changed since I started crunching it's numbers back in the summer of 2006
AAPL is dancing with it's weekly controlling TL
http://www.flickr.com/photos/47091634@N04/44391…
I HATE YOU CARL!!! J/K 🙂 I think Carl must work at GS!
But, if I am understanding you correctly, we also need UUP to close above 23.75. $RUT looks like it closed at containment, no?
Carl at day’s end:
1143-1158 estimate today for /ES (15 points, June contract)
1145.50 -1155.75 actual today (10.25 points)
Pretty close.
Trades:
In /ES at 1139.25 yesterday, sold today at 1150.75 (gain of 11.50)
In /ES at 1147.75 today, sold at 1150.75 (gain of 3.00)
In /ES at 1151.25 today, sold at 1154.75 (gain of 3.50)
Grade A
it may be worth pointing out that termination of a bullish setup is not equivalent to the beginning of a bearish setup.
Man he is good. And good buy at the close Earl.
Carl just sold long unit at 1154.75
AAPL is showing positive money flow. Buyers are more aggressive than sellers.