12/09/2016 Live Update

[daytradingES]

update= fizzle day

[Trades with cats]

ES Dec contract is running at 25% of relative volume. 24 hour hourly doesn't look nearly as healthy as yesterday, but the DX looks really strong. I am guessing a combination of Chinese currency controls along with threatened ECB bank bail-ins and FOMC hike.

[Cobra]

it might be the 3rd push up, suppose to make just a slight new high.

[BullBear52x]

Clock works,

[te_fern]

Appears that the horizontal line is resistance. Have not made a trade yet.

[BullBear52x]

The Fed or power that be should have their sign up "Your TAX dollar is at work

[BullBear52x]

sideways consolidation phase, this is the only fair game plan for it. (that I know how)

[BullBear52x]

And if you can not take the heat on a messy intraday, then here is another game in town.

[fehro]

VIX bleeding.. typical Friday.. complacency .. ..mind some possible late action.. NDX, IWM weak.. Bios weak..

[Cobra]

triangle, bias is up.

[BullBear52x]

bears last chance today. see TSI

[Trades with cats]

Captain Obvious just pointed out that the weekly drill rig number just exploded higher. Specs buying the rumor on this weekend. Clipper Data blog pointing out that the attending non-opec members are all currently experiencing declining production, so the cuts are a no-brainer.

Only question in my mind is will they make a second run at 55 on Monday based on newsflow.

[fehro]

Captain Obvious just pointed out that the weekly drill rig number just exploded higher. Specs buying the rumor on this weekend. Clipper Data blog pointing out that the attending non-opec members are all currently experiencing declining production, so the cuts are a no-brainer.

Only question in my mind is will they make a second run at 55 on Monday based on newsflow.

/CL USOIL W/D/60m.. at resistance of sorts.. Weekly candle iffy, hanging man.. eve star… "could" get a major slap down next week.. to the 50d/20d level 48ish, 20w 46.60ish.

[fehro]

Captain Obvious just pointed out that the weekly drill rig number just exploded higher. Specs buying the rumor on this weekend. Clipper Data blog pointing out that the attending non-opec members are all currently experiencing declining production, so the cuts are a no-brainer.

Only question in my mind is will they make a second run at 55 on Monday based on newsflow.

/CL USOIL W/D/60m.. at resistance of sorts.. Weekly candle iffy, hanging man.. eve star… "could" get a major slap down next week.. to the 50d/20d level 48ish, 20w 46.60ish.

DXY breaks out.. /CL will get smacked.

[BullBear52x]

Captain Obvious just pointed out that the weekly drill rig number just exploded higher. Specs buying the rumor on this weekend. Clipper Data blog pointing out that the attending non-opec members are all currently experiencing declining production, so the cuts are a no-brainer.

Only question in my mind is will they make a second run at 55 on Monday based on newsflow.

/CL USOIL W/D/60m.. at resistance of sorts.. Weekly candle iffy, hanging man.. eve star… "could" get a major slap down next week.. to the 50d/20d level 48ish, 20w 46.60ish.

DXY breaks out.. /CL will get smacked.

I don't know how relate between the two any more?

[fehro]

I don't know how relate between the two any more?

I find the USD leads… and the commodities "follow".. with a snap back.. "usually" .. fwiw. could take days.. or couple of weeks at times.. fwiw.

[Trades with cats]

I don't know how relate between the two any more?

That, I think is the seductive nature of oil, we have all those numbers and their relationships, and then we have the wild moves running on pure speculation until the numbers overpower the speculation.

[BullBear52x]

last sell failed.

[BullBear52x]

Mid term USO is trap in bottom foundation of a long term range.

short term is still bullish bias.

[daytradingES]

revised: breakout level now back in play