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08/08/2017 Live Update

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Al_Dente
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Re: 08/08/2017 Live Update

Post by Al_Dente »

fehro wrote:dailies a tad iffy..
boss if we closed here, that's the worst candle in eleven days, and some kind of "reversal day" on spy and indu
no?
:o
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: 08/08/2017 Live Update

Post by Al_Dente »

He’s been “de-risking” for quite a while now, but this morning on CNBC:
Gundlach: "I'll Be Disappointed If I Don't Make 400% On My S&P Puts"
Click bait: guess what he says will be the big signal from his “favorite indicator”
http://www.zerohedge.com/news/2017-08-0 ... my-sp-puts
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
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Re: 08/08/2017 Live Update

Post by fehro »

Al_Dente wrote:
fehro wrote:dailies a tad iffy..
boss if we closed here, that's the worst candle in eleven days, and some kind of "reversal day" on spy and indu
no?
:o
+ shooting stars, gravestones with VIX hammer.. short term top in .. possibly
Wallstreetrader
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Re: 08/08/2017 Live Update

Post by Wallstreetrader »

Zero again market will reverse :mrgreen: :mrgreen:
4x3 so far...
... someone is testing the market first dax now spx interesting :ugeek:
Another vix false signal ?
Last edited by Wallstreetrader on Tue Aug 08, 2017 3:32 pm, edited 2 times in total.
Trades with cats
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Re: 08/08/2017 Live Update

Post by Trades with cats »

Time for the ETF balancing moves. Can they save this train wreck from across the board all time highs with red closes. Not quite bearish engulfing, but certainly the next best thing unless they switch on the algos and hammer the VIX.

Wait the ES has made a new low below yesterdays. BEARISH ENGULFING ACHIEVED.
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Al_Dente
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Re: 08/08/2017 Live Update

Post by Al_Dente »

Right now we have a guaranteed “reversal day”
Depending on the close, it could be a “Key Reversal Day”
We saw two of those in June, followed by a teeny decline of ONE DAY EACH [better double check me].
“The pattern is supposed to act as a reversal of the uptrend. However, testing shows that 51% actually continue higher
http://thepatternsite.com/KRU.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
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Re: 08/08/2017 Live Update

Post by Trades with cats »

Pasta Boss, with all respect, are their numbers with all time high involved? This really smells like classic exhaustion at the top.
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Re: 08/08/2017 Live Update

Post by Trades with cats »

VIX is up 80 cents off the low.
Animal house, "All is Well" https://www.youtube.com/watch?v=zDAmPIq29ro
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Cobra
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Re: 08/08/2017 Live Update

Post by Cobra »

vol surge, should be a rebound here first then we'll see.
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fehro
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Re: 08/08/2017 Live Update

Post by fehro »

fehro wrote:
Al_Dente wrote:
fehro wrote:dailies a tad iffy..
boss if we closed here, that's the worst candle in eleven days, and some kind of "reversal day" on spy and indu
no?
:o
+ shooting stars, gravestones with VIX hammer.. short term top in .. possibly
:D
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Screen Shot 2017-08-08 at 12.40.19 PM.png
Trades with cats
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Re: 08/08/2017 Live Update

Post by Trades with cats »

15 minute chart including last week.
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Al_Dente
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Re: 08/08/2017 Live Update

Post by Al_Dente »

Trades with cats wrote:Pasta Boss, with all respect, are their numbers with all time high involved? This really smells like classic exhaustion at the top.
The most I can agree with is that going back a couple/few months, almost every time SPY made a new high she had to relax a bit to digest it, and by “relax” I mean down, sometimes shallow, a couple times deeper
luv u :D
[edit: shallow = 1 spy point, deeper = 5 spy points, but all “recency bias”]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
brokebybernacke2
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Re: 08/08/2017 Live Update

Post by brokebybernacke2 »

could be an ugly am tomorrow...
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Re: 08/08/2017 Live Update

Post by Trades with cats »

The wave counters are expecting a 30 to 40 point pullback in the ES. I am more nervous than usual because the Central Bankers are changing the rules of the game, and have been very loud and very consistent on that message. At the same time we are at all kinds of multi-year records for weird market behavior. However this could be just another one of those flag pole all time highs that we seem to get routinely where we screw around for a month or two waiting to retake it.
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Cobra
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Re: 08/08/2017 Live Update

Post by Cobra »


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Cobra
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Re: 08/08/2017 Live Update

Post by Cobra »

well, guess that's it for today. Wednesday tomorrow was up 6 straight recently. thank you guys, I'll see you tomorrow.

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Al_Dente
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Re: 08/08/2017 Live Update

Post by Al_Dente »

WOW a red dow
that's fresh
but not a "key reversal"
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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