11/18/2015 Live Update

[Cobra]

double top breakdown which usually would fail though.

[ALdaytrade]

Update:

SPX1.png

Maybe we will get to 2090 to form a H&S where there is strong resistance...

[Al_Dente]

out BIB

[Denali92]

ES: Attempting channel resistance breakout before FOMC announcement. 61.8% fib = 2067.56
Then, no major resistance until 2086.34 which collides with upper channel resistance.

Waiting for 2PM.

Just to be clear - this is NOT an FOMC day.... that was back on October 28th - this is a release of the minutes from that meeting on the 28th - still important, but there is NO ANNOUNCEMENT. The embargo'd press will come out with 500 words on the gist of the minutes at 2pm .... but there is no announcement.

I do not keep any stats on FOMC minutes day as some times the market moves some times it does not...

NEXT FOMC meeting is on 15-16th of Dec - right in the middle of opex.

-D

[Unique]

ES: Attempting channel resistance breakout before FOMC announcement. 61.8% fib = 2067.56
Then, no major resistance until 2086.34 which collides with upper channel resistance.

Waiting for 2PM.

Just to be clear - this is NOT an FOMC day.... that was back on October 28th - this is a release of the minutes from that meeting on the 28th - still important, but there is NO ANNOUNCEMENT. The embargo'd press will come out with 500 words on the gist of the minutes at 2pm .... but there is no announcement.

I do not keep any stats on FOMC minutes day as some times the market moves some times it does not...

NEXT FOMC meeting is on 15-16th of Dec - right in the middle of opex.

-D

Yeah I meant fomc minutes

[brokebybernacke2]

does a rate hike matter? one historical comparison...same playbook? gosh hope not...

[josephli]

ES: Attempting channel resistance breakout before FOMC announcement. 61.8% fib = 2067.56
Then, no major resistance until 2086.34 which collides with upper channel resistance.

Waiting for 2PM.

Just to be clear - this is NOT an FOMC day.... that was back on October 28th - this is a release of the minutes from that meeting on the 28th - still important, but there is NO ANNOUNCEMENT. The embargo'd press will come out with 500 words on the gist of the minutes at 2pm .... but there is no announcement.

I do not keep any stats on FOMC minutes day as some times the market moves some times it does not...

NEXT FOMC meeting is on 15-16th of Dec - right in the middle of opex.

-D

I guess the market will try to guess how much would the hike be, what is the pace, etc etc from the minutes.

[Unique]

SPY is in an epic struggle here between good and evil
Please post appropriate medieval battle GIFs

[Unique]

ES: Everything lining up for the initial bull train squeeze since price is an accelerated 1HR 8EMA bull train setup right now. Along with every 15m 8EMA+20EMA being bought

Next major resistance is 2068-2070, then 2078, 2086 when triggers above HOD again

[fehro]

bonus chart again... rinse and repeat of yesterday?.. 200d resistance still

[fehro]

Index days.. 200d ..RUT holds 50d near LOD

[Al_Dente]

SPY is in an epic struggle here between good and evil
Please post appropriate medieval battle GIFs

elsewhere: squeeze bars on NUGT

[MrMiyagi]

NEVER!!!!

[josephli]

the algos has use every way they can to push it higher.

[Trades with cats]

I just want to say that a discussion about the gravitas of various avatars on a forum that posts kitty videos should not pass unnoted.

[Cobra]

SPY is in an epic struggle here between good and evil
Please post appropriate medieval battle GIFs

[fehro]

SPY /SPX/VIX .. VIX never took out yesterday's LOD.. yet.. 200d SPX still holding

[TraderJoe]

NEVER!!!!

Hi Mr. M,
Last time I guessed the temporary top would be 202, you guessed 204. We were both wrong, BUT, you were closer than I was.

Now I say we are running to 211 to 212. What your thoughts??

[Cobra]

3 push up? exceeds mini target to confirm.

[Al_Dente]

I just want to say that a discussion about the gravitas of various avatars on a forum that posts kitty videos should not pass unnoted.

May I say that we have been waiting patiently (too long) for you to post pictures of you trading with cats