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08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 9:22 am
by Cobra
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testing channel lower bundary so bias is a little bit up.

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 9:25 am
by johnnywa
Trannies ,spx,iwm floundering, this does not look vullish.The rubber band is going to snap back big

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 9:25 am
by Cobra

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 9:32 am
by fehro
Index still very dangerous.. bearish rising wedges on the futs, IWM gaps down red.. :roll: SPX 2474 goes look out below…. H&S 60m

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 9:34 am
by Cobra
the equal weighted SPY brother RSP is down. so again aapl is trying to save the world.

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 9:41 am
by fehro
fehro wrote:Index still very dangerous.. bearish rising wedges on the futs, IWM gaps down red.. :roll: SPX 2474 goes look out below…. H&S 60m


dabble short 2477.5 SPX Bonds nHOD, VIXes flat.. /NQ weakens

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 9:45 am
by fehro
fehro wrote:
fehro wrote:Index still very dangerous.. bearish rising wedges on the futs, IWM gaps down red.. :roll: SPX 2474 goes look out below…. H&S 60m


dabble short 2477.5 SPX Bonds nHOD, VIXes flat.. /NQ weakens



Careful… /ES on the edge of a HUGE cliff.. +/NQ /RTY already jumped the cliff :roll: and retested it. :lol: :lol:

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 9:48 am
by Cobra
now let's see if it's the same pattern again: gap up, sharp down in the moring, then up the rest of the day.

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 9:48 am
by Trades with cats
Friday jobs report has the possibility of pushing us over the cliff, given cars and construction from yesterday plus consumer spending.

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 9:49 am
by Daniel
IWM, MDY, QQQ, SPY all breaking the OR-15 to the downside.

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 9:57 am
by Wallstreetrader
Gm

Dax Bull Flag ?

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 9:58 am
by Trades with cats
Appl one and done, now what?

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 9:59 am
by Daniel
fehro wrote:dabble short 2477.5 SPX Bonds nHOD, VIXes flat.. /NQ weakens

QQQ has obvious support zone around 143.70--80; if price can crash thru these recent minor highs it may join the other majors in a gap fill.

Today's LOD so far was around 143.80.

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 10:00 am
by Cobra

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 10:01 am
by fehro
Wallstreetrader wrote:Gm

Dax Bull Flag ?


or top of a 2-3 week upper channel?

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 10:02 am
by Daniel
IWM still has that major support around 141.

BTFD until proven otherwise!

:(

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 10:04 am
by fehro
yup its all rosy… TRANSports 200d SMA ! just 7 points lower than LOD :roll:

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 10:09 am
by Trades with cats
Right on schedule, Fed's James Bullard says no rate hike. Laiel Brainard laid it out for us in her Columbia speech. Economy starts stuttering Fed will stop the rate hikes. But balance sheet run off plan is written on a stone tablet. Exactly what we are now hearing and will continue to hear from 'on message' Fed speakers.

Bottom line this is the same plot, just different characters. Still means the central bankers are turning the screws on credit to kill the response to the overly easy credit they provided. They never ever seem to get it just right.

Heard an old saying I didn't know today that could get popular again 'never confuse brains with a bull market'. :D

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 10:13 am
by Trades with cats
Wish I had a sine wave function! Anyway, here we go yet again with the half hour moves. only question is will it stop at 11, 11:30 or somewhere else.

Re: 08/02/2017 Live Update

PostPosted: Wed Aug 02, 2017 10:14 am
by fehro
/RTY measured move.. descending wedge 30m -21 points from yLOD Mon LOD target 1398

Rut cuts take out yLOD Mon LOD .. look out below!!!!