08/27/2019 Live Update

[te_fern]

Do we start looking at the short side???

Should have bought a small position as a hedge... Oh well....

[BullBear52x]

Today will be a boring one , pulled back and trap in this balance trade area. boring until we can breakout either side. I got two days to trade this week, I need a big trend either ways.

[BullBear52x]

Cash SPX Fib. Bears are on a driving seat, I am on the bull side.

[Heck]

All Three Option Sentiment Indicators = UP

[JFR]

What goes up ...

[JFR]

ES daily. The chop continues. Back later.

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2019/08 ... ay-update/

[BullBear52x]

A failed to hold up here, I can see LL on a daily coming in full speed, for intraday trade I still have a hope that bulls will fight back here. This is hourly chart just to show the Gann liked lines.

[BullBear52x]

Buy the dip mission intraday, unconventional approach. day is still young, dip buying still got a lot of moves to counter this.

[brokebybernacke2]

A failed to hold up here, I can see LL on a daily coming in full speed, for intraday trade I still have a hope that bulls will fight back here. This is hourly chart just to show the Gann liked lines.

do like this scenario, will be a buy if, if it doesnt get out of control..good slide for a bear trap. now if it goes bonkers, will step out of way

[BullBear52x]

A failed to hold up here, I can see LL on a daily coming in full speed, for intraday trade I still have a hope that bulls will fight back here. This is hourly chart just to show the Gann liked lines.

do like this scenario, will be a buy if, if it doesnt get out of control..good slide for a bear trap. now if it goes bonkers, will step out of way

Gap and no go this morning what kills the bulls move. most dip buying are in at 2880, a drop 20 more handles from that point indicates the bears meant business, the Wave guru seeing this as 3 of 3, I see it as Range trade, Buy Lo Sell Hi still in play.

[Al_Dente]

VIX is 20.94

[brokebybernacke2]

A failed to hold up here, I can see LL on a daily coming in full speed, for intraday trade I still have a hope that bulls will fight back here. This is hourly chart just to show the Gann liked lines.

do like this scenario, will be a buy if, if it doesnt get out of control..good slide for a bear trap. now if it goes bonkers, will step out of way

Gap and no go this morning what kills the bulls move. most dip buying are in at 2880, a drop 20 more handles from that point indicates the bears meant business, the Wave guru seeing this as 3 of 3, I see it as Range trade, Buy Lo Sell Hi still in play.

waves are fickle. not sure where we are , except if 3 wave, surprised with no acceleration to downside yet? smooth descent. that good or bad?

[merryme]

"smooth descent" = controlled moves planned in advance by pro traders.
Note EOD from yesterday as they pile in and then slowly unload to uninformed traders.

[Daniel]

First test of the (strongly downslope) 5min 20ema on SPY and QQQ right here...

IWM has completed its mission of tagging the Friday low (145) and after briefly undercutting it is now kabooming upward.

[BullBear52x]

Who is Papa now?

[BullBear52x]

Cash SPX Fib.

[Daniel]

Who is Papa now?

Thou art. Any sudden news, all the majors just spurted upward in unison?

[brokebybernacke2]

Who is Papa now?

https://youtu.be/MaLwX8_JoZI

[Cobra]

finally 1st good sign toward a bottom, as I said earlier I didn't believe it'd be downtrend day today. May miss a revisit of the day low though before a bottom can be confirmed.