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06/23/2017 Live Update

06/23/2017 Live Update

Postby Cobra » Fri Jun 23, 2017 9:21 am

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Re: 06/23/2017 Live Update

Postby Cobra » Fri Jun 23, 2017 9:24 am


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Re: 06/23/2017 Live Update

Postby Wallstreetrader » Fri Jun 23, 2017 9:25 am

------ no
Last edited by Wallstreetrader on Fri Jun 23, 2017 3:02 pm, edited 3 times in total.
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Re: 06/23/2017 Live Update

Postby fehro » Fri Jun 23, 2017 9:27 am

be very careful today.. "could" have a very sharp down day… NDX weak, under 20d SMA open.. possible H&S NDX over 6 weeks - SPX 20d 2431ish key and 20d SMA on all others
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Re: 06/23/2017 Live Update

Postby fehro » Fri Jun 23, 2017 9:42 am

fehro wrote:be very careful today.. "could" have a very sharp down day… NDX weak, under 20d SMA open.. possible H&S NDX over 6 weeks - SPX 20d 2431ish key and 20d SMA on all others



20d sma's do key below.. the weekly candles on the indexes INDU /SPX = pure ugliness :roll: :lol:
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Screen Shot 2017-06-23 at 6.40.56 AM.png
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Re: 06/23/2017 Live Update

Postby Trades with cats » Fri Jun 23, 2017 9:43 am

Small caps hit an air pocket this morning, best to keep your seat belts on at all times! At least the ES is being reasonable and has stopped to test yesterday's low which was already tested around 6 am today.
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Re: 06/23/2017 Live Update

Postby fehro » Fri Jun 23, 2017 9:56 am

fehro wrote:
fehro wrote:be very careful today.. "could" have a very sharp down day… NDX weak, under 20d SMA open.. possible H&S NDX over 6 weeks - SPX 20d 2431ish key and 20d SMA on all others



20d sma's do key below.. the weekly candles on the indexes INDU /SPX = pure ugliness :roll: :lol:


Weekly.. IWM looks uber scary.. :roll: :lol: on the edge of a HUGE cliff.. :roll:
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Re: 06/23/2017 Live Update

Postby Trades with cats » Fri Jun 23, 2017 10:00 am

TF 09-17 (350 Tick)  6_23_2017.jpg

Wow look at that bar.
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Re: 06/23/2017 Live Update

Postby fehro » Fri Jun 23, 2017 10:03 am

Trades with cats wrote:
TF 09-17 (350 Tick) 6_23_2017.jpg

Wow look at that bar.

http://www.zerohedge.com/news/2017-06-23/prepare-surge-volume-russell-rebalance-day-here
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Re: 06/23/2017 Live Update

Postby Cobra » Fri Jun 23, 2017 10:03 am


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Re: 06/23/2017 Live Update

Postby Cobra » Fri Jun 23, 2017 10:06 am

testing Wednesday low key time.
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Re: 06/23/2017 Live Update

Postby Trades with cats » Fri Jun 23, 2017 10:10 am

IF you assume the new home sales number was received about 90 seconds early by some very wealthy algo firms that would account for the skyrocket blast in small caps. It wasn't oil and it sure wasn't the PMI's 15 minutes earlier and it definitely wasn't B of A talking about the Icarus trade to be followed by Humpty Dumpty (up at zero hedge).

Question, if somewhat questionable charts from alternative investment advice sources with a very negative outlook, like a David Stockman article are bear porn, is a serious piece from a white shoe firm with a negative outlook, say B of A, bear cheesecake? I missed the update to the financial kibbitzer style guide and I don't want to use the wrong terms. :D
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Re: 06/23/2017 Live Update

Postby Mr. BachNut » Fri Jun 23, 2017 10:13 am

Not much to say today except happy Friday from Mr. B.

The NYMO cycle is down.
The high was set June 2.

Price has gone nowhere all month.
We have a new gap target above at Monday's close and the stack below remains unloved.

I am long SPX from back in May and short the R2k from early this week.
I did do a nice short day trade in SPX on Tuesday.
I thought I would be reversing my SPX position this week given the NYMO, but no setup set up.
I continue to nudge up my stop, but if price doesn't go down, the position will stay on.
I have no idea what will happen with the R2K trade.
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Re: 06/23/2017 Live Update

Postby Trades with cats » Fri Jun 23, 2017 10:20 am

TF 09-17 (350 Tick)  6_23_2017_b.jpg

Thanks, a good idea but i'm not sure. Each bar is 350 trades, that is tick based. So those bars are showing a big imbalance in price. That pattern is almost always associated with algos jumping on a news feed and the only positive news today that I know of is new home sales. The whole incident lasted 3 minutes and immediately returned to the prior pattern.
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Re: 06/23/2017 Live Update

Postby Trades with cats » Fri Jun 23, 2017 10:24 am

Possible action at 11:15 eastern this morning. Mr. Bullard will be at the microphone.
St. Louis Federal Reserve Bank President James Bullard to discuss the U.S. economy and monetary policy at the Illinois Bankers Association Annual Conference in Nashville, TN.
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Re: 06/23/2017 Live Update

Postby fehro » Fri Jun 23, 2017 10:30 am

ummm.. XLF fugly weekly candle :roll: :lol:
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Re: 06/23/2017 Live Update

Postby Cobra » Fri Jun 23, 2017 10:31 am

probably low was in.
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Re: 06/23/2017 Live Update

Postby fehro » Fri Jun 23, 2017 10:46 am

NDX still struggling at 20d here others looking better.. still hours to go
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Re: 06/23/2017 Live Update

Postby Trades with cats » Fri Jun 23, 2017 10:51 am

Coolbizone reposted this on twitter. Nice chart to keep track of oil by.
https://pbs.twimg.com/media/DDAzd_dUMAETTEc.jpg
Image
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Re: 06/23/2017 Live Update

Postby fehro » Fri Jun 23, 2017 10:59 am

SPX 60m/5m triangle 5m
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