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12/03/2019 Live Update

12/03/2019 Live Update

Postby Cobra » Tue Dec 03, 2019 10:21 am

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this bear may have legs.
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Re: 12/03/2019 Live Update

Postby Cobra » Tue Dec 03, 2019 10:24 am

the members only update starts here: http://www.cobrasmarketview.com/2019/12 ... ay-update/

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Re: 12/03/2019 Live Update

Postby BullBear52x » Tue Dec 03, 2019 10:29 am

what a wash out. it's going to be a fun ride today. support around here, a day like today I will have to wait out a little bit.
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Re: 12/03/2019 Live Update

Postby BullBear52x » Tue Dec 03, 2019 10:34 am

My fib measurement of 261.8% is sitting right here at 77ish.

I will buy fading TICK -1000

lets pray :D
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Re: 12/03/2019 Live Update

Postby BullBear52x » Tue Dec 03, 2019 10:37 am

That was quick $$$ with morning coffee. bulls can not lose today. :mrgreen:
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Re: 12/03/2019 Live Update

Postby Trades with cats » Tue Dec 03, 2019 10:43 am

Big drop so is a double bottom enough or do we need a third touch. You know lots of traders ready to rent a bounce. :D
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Re: 12/03/2019 Live Update

Postby BullBear52x » Tue Dec 03, 2019 10:46 am

RSI(5) daily entering buy dip zone, next couples day will be a real fight for the bullish trend.
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Re: 12/03/2019 Live Update

Postby Vaamsy » Tue Dec 03, 2019 10:48 am

Looks like a triangle/consolidation before the move down to 3065. And then the bounce?
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Screen Shot 2019-12-03 at 9.50.53 AM.png
Last edited by Vaamsy on Tue Dec 03, 2019 10:51 am, edited 1 time in total.
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Re: 12/03/2019 Live Update

Postby BullBear52x » Tue Dec 03, 2019 10:49 am

Whoop got stop out. sit and wait.
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Re: 12/03/2019 Live Update

Postby Cobra » Tue Dec 03, 2019 10:59 am


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Re: 12/03/2019 Live Update

Postby BullBear52x » Tue Dec 03, 2019 11:02 am

$TRIN is with the bulls, down side is limited the way the TRIN is for two days of sell off and it is still holding well below 1.
Last edited by BullBear52x on Tue Dec 03, 2019 11:07 am, edited 1 time in total.
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Re: 12/03/2019 Live Update

Postby Heck » Tue Dec 03, 2019 11:04 am

VIX BB Overbot
VIX RSI Overbot
VXV:VIX Overbot
NYAD/NYMO Oversold
SPY RSI Oversold

Waiting on sentiment
Last edited by Heck on Tue Dec 03, 2019 11:08 am, edited 1 time in total.
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Re: 12/03/2019 Live Update

Postby Trades with cats » Tue Dec 03, 2019 11:07 am

VIX Everybody and their cousin was short. Chattering class kept saying record VIX short position from the COT reports each week. You knew it would unwind eventually. I gotta start swing trading that thing. :lol:
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Re: 12/03/2019 Live Update

Postby Trades with cats » Tue Dec 03, 2019 11:10 am

ES 12-19 (2000 Tick) 2019_12_03 (8_06_36 AM).png

Trying the hand drawn pitchfork again. Will see if it lasts.
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Re: 12/03/2019 Live Update

Postby Trades with cats » Tue Dec 03, 2019 11:20 am

Hello 3083. Bam! Found the sellers!
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Re: 12/03/2019 Live Update

Postby Trades with cats » Tue Dec 03, 2019 11:25 am

Putting old Wilbur Ross in front of the cameras explains the quick sprint up to the selling at 3083. I personally am beginning to think that after an entire year just maybe the townsfolk are getting tired of the White House crying "Trade Deal". :twisted:
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Re: 12/03/2019 Live Update

Postby Trades with cats » Tue Dec 03, 2019 11:29 am

Futures Trader 71 warned this morning that he expected the White House and the Chinese Newspapers to be waging a war of press releases today jerking the market around. Positive he was not the only trader to be thinking that today.
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Re: 12/03/2019 Live Update

Postby BullBear52x » Tue Dec 03, 2019 11:31 am

congrats to the overnight swing sellers. yesterday intraday bears got a good run, today doesn't look like market wants to move much. hope it's not too boring. 3-5 handles day?
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Re: 12/03/2019 Live Update

Postby BullBear52x » Tue Dec 03, 2019 11:55 am

I am waiting to sell rip, this one looks like a bear trap, well,it's bear flag but I am not chasing it.
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Re: 12/03/2019 Live Update

Postby Vaamsy » Tue Dec 03, 2019 12:01 pm

Triangle and a bear flag both should resolve to the downside.
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