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05/18/2017 Live Update

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Cobra
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05/18/2017 Live Update

Post by Cobra »

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maybe the rebound would fail?
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Cobra
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Re: 05/18/2017 Live Update

Post by Cobra »


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daytradingES
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Re: 05/18/2017 Live Update

Post by daytradingES »

Cobra wrote:
maybe the rebound would fail?
Yes but where will it bounce to first? 67.50?
73.50
79?
(ES values)
Educational only and not trading advice (EO&NTA) :)
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uempel
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Re: 05/18/2017 Live Update

Post by uempel »

SPX bounced on support 2352ish in early trading, but the break of 2370 yesterday is a more important benchmark.
SPX daily linear
SPX daily linear
fehro
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Re: 05/18/2017 Live Update

Post by fehro »

SPX support holds - ish .. 60m/D - mind the 50d yellow bottom chart - mind the open gap lower
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Cobra
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Re: 05/18/2017 Live Update

Post by Cobra »


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daytradingES
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Re: 05/18/2017 Live Update

Post by daytradingES »

if LOD in place and no inflection I have 2373.25 area as est HOD
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uempel
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Re: 05/18/2017 Live Update

Post by uempel »

I'm curious as to SPX bouncing back from 2352. Will the index get back/close above 2370 again?
kdkdk.png
uempel wrote:SPX bounced on support 2352ish in early trading, but the break of 2370 yesterday is a more important benchmark.
The attachment kjkj.png is no longer available
fehro
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Re: 05/18/2017 Live Update

Post by fehro »

fehro wrote:SPX support holds - ish .. 60m/D - mind the 50d yellow bottom chart - mind the open gap lower
almost at 50d .. ding ding 1 point short :roll:
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Cobra
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Re: 05/18/2017 Live Update

Post by Cobra »

kind of bull flag, bias is up.
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Re: 05/18/2017 Live Update

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Al_Dente
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Re: 05/18/2017 Live Update

Post by Al_Dente »

poor CSCO down -7.8%, following eps report last night
it's only 1.1% of the dow, but dragging on it

(WMT is weighted at 2.5% of the dow, up following eps)
518csco.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 05/18/2017 Live Update

Post by Al_Dente »

first potential higher low
and i believe that's where the longs will place their stops (pink)
518one.png.png
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Cobra
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Re: 05/18/2017 Live Update

Post by Cobra »

near the end of a triangle, don't know direction.
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Al_Dente
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Re: 05/18/2017 Live Update

Post by Al_Dente »

Banks suck but note a few potential double (triple) bottoms here
518banks.png.png
Zoom in on GS, the heaviest guy in the dow.
The last time price was at yesterday’s level there was much more red selling volume, hence some kind of interim bottom is possible here.
The “classic bottom” volume formation would be another day(s) of lower price accompanied by reduced red selling volume. That would be the “””perfect””” bottom……. theoretically....
518gs.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
QED
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Re: 05/18/2017 Live Update

Post by QED »

Al_Dente wrote:Zoom in on GS, the heaviest guy in the dow.
The last time price was at yesterday’s level there was much more red selling volume, hence some kind of interim bottom is possible here.
The “classic bottom” volume formation would be another day(s) of lower price accompanied by reduced red selling volume. That would be the “””perfect””” bottom……. theoretically....
518gs.png.png
Seasonality favors Goldman Sachs in February, July and October thru December.
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Al_Dente
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Re: 05/18/2017 Live Update

Post by Al_Dente »

QED wrote:Seasonality favors Goldman Sachs in February, July and October thru December.
:D
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Re: 05/18/2017 Live Update

Post by QED »

CandleVolume: Look for wide hollow boxes at the bottom of a stock's trading range. Those days, in particular, not only show where demand is meeting supply, but if the candle
is "hollow" (white) you can quickly see a reversal taking place where the sellers have run out of volume to dump and buyers are coming in big. This is a great buy signal.
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Cobra
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Re: 05/18/2017 Live Update

Post by Cobra »

this bull shall have legs.
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fehro
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Re: 05/18/2017 Live Update

Post by fehro »

fehro wrote:
fehro wrote:SPX support holds - ish .. 60m/D - mind the 50d yellow bottom chart - mind the open gap lower
almost at 50d .. ding ding 1 point short :roll:
now ding ding.. :D possible resistance here… 50d 2369.30 key for the close.
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