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04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 9:21 am
by Cobra
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my guess is the pullback will be bought somewhere before reaching the horizontal blue line below as the push down recently was zigzag not straight down, didn't like a typical bear, more likely it's just a range.

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 9:25 am
by Cobra

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 9:51 am
by Trades with cats
ES 06-17 (5 Min)  4_18_2017.jpg
ES estimated daily range from RTH

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 10:01 am
by fehro
NDX >20d/50d .. CompQ nears 20d SMA ... mind the 20d/50d on all indexes

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 10:09 am
by Cobra

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 10:10 am
by Cobra
morning hourly hollow red.

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 10:45 am
by superxy
Cobra wrote:morning hourly hollow red.
hopefully this time works


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Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 10:56 am
by K447
superxy wrote:...


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Minor tip: There is a setting to turn that signature thing off.

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 11:09 am
by fehro
Put/Call nears extremes again.. boat is leaning to too many *bulls.. fwiw :roll: :lol:

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 11:37 am
by Trades with cats
Failure to climb over VWAP at ES 2340 put a less that positive end to the London/Frankfurt trading day and leaves us to wonder if the standard pattern will happen. That is a low between now and noon followed by a lunch hour rally ending around 2. A bounce off the day's low would be a good start.

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 11:41 am
by Trades with cats
Don't know if it will hold but that ES Globex overnight low at 34.50 was clearly on some algo's radar. :)

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 11:47 am
by Al_Dente
NOT INTRADAY
Things will be fine as soon as the moving averages on the AD cross back up, like they eventually do.
[AD line is invisible, blue=10ma on the AD, red=25ma on the AD, index prices are faded behind].
Glance at the volume: if we’re going deeper into the bear hole, we’ll need to see bigger red volume bars. Instead we are currently seeing smaller red volume bars.
[AD and its MAs are as of yesterday’s close]

418ad.png

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 11:57 am
by Cobra

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 12:06 pm
by Trades with cats
On paper about 4 more points to drop as ADR low is at ES 2326. I have seen that we can overshoot but for the most part it seems to be a pretty reliable estimator of the bottom on a down day. having yesterday's low 2 points above the ADR Low is frosting on the cake for a bounce. VWAP chart the price is riding the two standard deviation level which is a pretty good pace. Usually just see that for up moves :D

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 12:07 pm
by Trades with cats
ES 06-17 (5 Min)  4_18_2017B.jpg
ES riding the 2 std dev line from VWAP

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 12:57 pm
by BullBear52x
Bulls need HL, this is it if it meant to be.

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 1:01 pm
by Cobra
bear flag?

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 1:14 pm
by Denali92
Just a follow up to last Thursday's post - once again the market is having a few twists that are a bit unexpected based on history.

http://www.cobrasmarketview.com/2017/04182017-intra-day-update/

Have a good one,

-D

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 1:29 pm
by BullBear52x
Coffee anyone?
Daily need to do more, but mid term is looking pretty to be a bull.
2.PNG
1.PNG

Re: 04/18/2017 Live Update

PostPosted: Tue Apr 18, 2017 1:50 pm
by BullBear52x
I am leaning bullish from here. Crystal ball.