Dec0der

Dec0der

More accumulated over last 4 days. Stay Long. Target 26k at least. Probably higher still.

Dec0der Updated 

Buy 24940 SL 24700 TP 25850

Dec0der

Distribution will likely take place around 25500 and 25850 before a possible trap move towards 26k or even 26500.

Dec0der

A real difficult one. Sold off perfectly after taking out the stops above 25188 as anticipated but 2 things don't sit well with me for a short case. First is volume. A bit too high. Daily close well off its lows as well. Second is SPX just filling its gap. Everyone would be jumping on sell wagon. If only markets were that easy to trade. But my instincts could...

Dec0der

Deep pullback seems unlikely atm. 25200-400 should cap it.

Dec0der

It was all set up so perfectly. The fact that it didn't happen has increased the odds for a pullback. Momentum is still with the sellers so one or both of the recent swing lows may be taken out and then the pullback. Will update again in few sessions if i see something developing. Regards

Dec0der

Will we see an opening gap on Monday to the downside? It's all setup really nicely. If it does, i don't expect it to get filled anytime soon. Move down should accelerate from there onward. ATM, i see very little bullish case to support the idea of Gap or the parallel channel acting as a support for another rally. Resistance now at 24750-850.

Dec0der

Rallied briefly but as anticipated it was short lived and sold off from first resistance. We now have an inside day fake out on dailies and are very close to the key levels 24300-500. Acceleration gap through there will signal the start of mark down. With the amount of distribution, 20k should be minimum but its not just the last 3 months. It has been going on...

Dec0der

Details in the chart.

Dec0der

Eventually going South so make sure to have SL in place if considering LONG.

Dec0der

Gap through 24500 and there will be no looking back. No Gap may provide great opportunity to go short around 26k.

Dec0der

After the Buying Climax on 7th of July, brief distribution was carried out between 25950-26250. Today saw a gap down and a selloff to first of the 4 unfilled gaps below which is acting as a support for time being. Key resistance above now is 25850-950. Move down so far appears to be in a channel formation. Major chunk of distribution took place between...

Dec0der

Zigzagged with huge volume(see above) at the open, took out the stops above the very important level marked in Yesterday's post and has since been on the decline. We will know for sure in next few sessions but there is a good chance that Today marks the start of a significant decline which will take HSI to 20k and below if my analysis of distribution near the...

Dec0der

More on the post earlier Today. HSI now has rallied beyond the point which i have marked for few weeks as the potential turning point. We may see brief distribution between 25950-26250 for couple of sessions and then move lower. I am to remain short until it breaks above 26800. I am of a view that the rally so far this month after the passing of...

Dec0der

Sell here ...

Dec0der

Today saw a huge surge in volume in the morning hour. Double the usual. Next few days are critical. From a bullish POV, HSI is now breaking out of a 10 week range with a high volume but to predict whether it truly is a break to the top or a trap, it is important to know what happened within the range and how the market approached the breakout. To my...

Dec0der

As updated on 16th, selloff last week from 25255 seemed uncharacteristic of a markdown. Gaps were quickly being filled and volume in the morning hour on 3 days following the top showed minimum enthusiasm from either side. Too early to call but low volume consolidation may mean a developing triangle. I am seeing something along the lines drawn at the chart....

Dec0der

Very uncharacteristic of a mark down so far. Take profit, close half the position or move your SL to 24850 and let the market play itself out. If there is one more up move to go, it should be quick, ending with a buying climax.