01/31/2017 Live Update

[Cobra]

still some chances of double bottom, no very good chances, some chances, wait.

[q2model]

still some chances of double bottom, no very good chances, some chances, wait.

what is the reason not to call three push down? Or triangle breakout? Just try to learn. Thanks

[fehro]

still struggling under 20d SMA 2275ish possible resistance red trend.. VIX still strong. SPX LOD /Cyan trend goes.. looking to 2255-53

[Al_Dente]

IWM went green
spy red
q red
dow red

[uempel]

This is not strictly William Gann, but the system is based on his theories (or stolen form him ) The crossovers of the two channels show us the level of support/resistance. Quite amazing how this works ...

Support/resistance based on the works of W. Gann

[Cobra]

still some chances of double bottom, no very good chances, some chances, wait.

what is the reason not to call three push down? Or triangle breakout? Just try to learn. Thanks

double bottom is more obvious. For any patterns to work, it has to be very obvious so that everyone agrees therefore can work. If only a few people see some pattern, then few people are actually trading that pattern therefore chances are that pattern would fail.

[te_fern]

Struggling with the 99.35 resistance.....

[q2model]

still some chances of double bottom, no very good chances, some chances, wait.

what is the reason not to call three push down? Or triangle breakout? Just try to learn. Thanks

double bottom is more obvious. For any patterns to work, it has to be very obvious so that everyone agrees therefore can work. If only a few people see some pattern, then few people are actually trading that pattern therefore chances are that pattern would fail.

That makes sense, thanks

[te_fern]

99.35 held again on TNA.....

[Junior Buffett]

Just one observation, VIX has moved above it's 50 days MA and stayed there all day...which is kind of put S&P in a small time sell territory...

[fehro]

SPX .. FOMC tomorrow, and BOJ tonight.. both rate hikes? .. then whitehouse can blame the FED for the market pullback

[fehro]

Just one observation, VIX has moved above it's 50 days MA and stayed there all day...which is kind of put S&P in a small time sell territory...

http://www.zerohedge.com/news/2017-01-3 ... eculators?

[Trades with cats]

Only 23% chance of rate hike this meeting. Risk is the change in language. Biggest risk is talk of allowing balance sheet to run off.

[Trades with cats]

ES at measured move above VWAP equal to the 12:50 peak. VWAP is a little lower now.

[Cobra]

possible higher low, still double bottom has some chances, wait.

[Trades with cats]

Yesterday we had a great Ramp Express move during the last 15 minutes of RTH that completely reversed itself before Europe opened. With a tick chart it made a nice symmetrical move.

Looking forward to today's attempt at banging the close or what ever they call it these days.

[fehro]

IWM nears 50d nHOD and green , just 0.14 higher for 50d tag.. SPX struggles.. INDU weak…

[Cobra]

rebound shall have legs.

[Trades with cats]

ES now 4 points above VWAP but getting to green is a long way away, but with a low volume market who knows what is possible with the help of modern computer programming.

[K447]

Yesterday we had a great Ramp Express move during the last 15 minutes of RTH that completely reversed itself before Europe opened. With a tick chart it made a nice symmetrical move.

Looking forward to today's attempt at banging the close or what ever they call it these days.

Yesterday ramp did not even get back to the opening SPY price, IIRC.

Lets see if today can ramp up any harder/longer.