05/03/2019 Live Update

[Cobra]

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No idea up or down from here. The recent trend has been fading the up gap. Also non farm payroll day is famous for fading any gaps (either up or down gap). Let's see.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/05 ... ay-update/

[Trades with cats]

Bookmap showed a lot of sitting offers above the high, nothing on the sell side. So on paper market should move up after the open to grab the pool of liquidity then we will see.

[BullBear52x]

20 handles to be had today. let see, at yesterday's resistance so far. short term overbought, sell first will see from here.

[BullBear52x]

35.5 is my pivot for now.

[Trades with cats]

FT 71 commented very probable for the price when jobs report came out to be revisited during the day. ES 2927.75

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2019/05 ... ay-update/

[1der]

Just in case anyone missed daytradingES post this morning under last nights Cobra’sMarket Recsp thread:


Re: 05/02/2019 Market Recap
Postby daytradingES » Fri May 03, 2019 5:59 am
(Going back to bed... not feeling 100%)
Dir 1
Range est 25.25-28.50
H/L est 2940.50 2912.50 28.00

[Trades with cats]

FT 71 crystal ball this morning. IF the dip buyers come in then ES 2942. Most likely move up or down close around the open. Least likely a drop to 2919.

[Al_Dente]

Just in case anyone missed daytradingES post this morning under last nights Cobra’sMarket Recsp thread:
Re: 05/02/2019 Market Recap
Postby daytradingES » Fri May 03, 2019 5:59 am
(Going back to bed... not feeling 100%)
Dir 1
Range est 25.25-28.50
H/L est 2940.50 2912.50 28.00

thanks boss

[BullBear52x]

Bears need to see new LOD
SPX cash here.

[Al_Dente]

GS Jan Hatzius is up next on CNBC

[BullBear52x]

FT 71 crystal ball this morning. IF the dip buyers come in then ES 2942. Most likely move up or down close around the open. Least likely a drop to 2919.

what do you use to see dip buyers come in?

[Trades with cats]

Pasta Boss- He used to revise his job report forecast late on Thursday after, according to rumor he was fed the number by House Staffers. Had a really good track record.

[Trades with cats]

He was saying if we drop after the open and then see strong buying, he did not provide any tool. He did say it has happened before.
Right now all his scenarios are trashed. What he did get right was be patient and wait for the market to show you.

[BullBear52x]

He was saying if we drop after the open and then see strong buying, he did not provide any tool. He did say it has happened before.
Right now all his scenarios are trashed. What he did get right was be patient and wait for the market to show you.

so no position, wait and see until? chase a new high or chase a new low? (intraday new HOD or LOD) what is the level to look for? TIA.

[Trades with cats]

Starting to get interesting.

[BullBear52x]

My pivot is now at 35.75 /ES, what I meant is BUY/SELL line. one line.

this morning I got two conflict buy and sell signals. right now suggesting selling again.

[Trades with cats]

FT71 puts up two scenarios with specific levels every morning. Most likely and then what to expect if the opposite happens. He says he puts five together every day. Today he shared four of them. Pretty much like the military. If this starts to happen then this is what to expect next. He is over 1,500 daily you tubes now.

A real issue is he gets new traders watching all the time who have zero patience, they just want to over trade the market. If they go broke they are never going to sign up for his pay to attend all day chat room. So at least once a week he says something tailored for that crowd. It is difficult for him and all the others who know the market as a probability cloud to give advice to people who want certainty. Afterall once you start day trading you should be drinking really expensive champagne and driving a Lambo within 6 moths like all of us!

[Cobra]

possible strong uptrend day.