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08/17/2017 Live Update

08/17/2017 Live Update

Postby Cobra » Thu Aug 17, 2017 9:25 am

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breakdown would be double top, key time.
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Re: 08/17/2017 Live Update

Postby Cobra » Thu Aug 17, 2017 9:32 am


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Re: 08/17/2017 Live Update

Postby Cobra » Thu Aug 17, 2017 9:34 am

it's 100% mm. so I won't surprised if dip buyers are buying aggressively here.
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Re: 08/17/2017 Live Update

Postby Daniel » Thu Aug 17, 2017 9:54 am

15min and 30min timeframes, SPY is trying to hold above the respective 200emas. (about 246.50 or thereabouts)
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Postby MrMiyagi » Thu Aug 17, 2017 9:55 am

Question is, will it remain up? Descending 20ema line smashing it over the head like a scorned wife cracking a husband's skull with a cast-iron fry-pan.
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Re: 08/17/2017 Live Update

Postby Daniel » Thu Aug 17, 2017 9:56 am

IWM gap fill, and now green.
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Re:

Postby Daniel » Thu Aug 17, 2017 9:58 am

MrMiyagi wrote:Question is, will it remain up? Descending 20ema line....


20 period expo MA in what time frame?
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Re: 08/17/2017 Live Update

Postby Cobra » Thu Aug 17, 2017 9:59 am


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Postby MrMiyagi » Thu Aug 17, 2017 10:00 am

Daniel wrote:
MrMiyagi wrote:Question is, will it remain up? Descending 20ema line....


20 period expo MA in what time frame?


Intraday, 5 minute.
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Postby MrMiyagi » Thu Aug 17, 2017 10:01 am

Image
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Re: 08/17/2017 Live Update

Postby te_fern » Thu Aug 17, 2017 10:02 am

Yes, it looks like the wife with the frying pan is winning out so far this morning!! :D
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Re: 08/17/2017 Live Update

Postby te_fern » Thu Aug 17, 2017 10:04 am

The TICKs support the weak action so far this morning....
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Re: 08/17/2017 Live Update

Postby Daniel » Thu Aug 17, 2017 10:04 am

QQQ testing Monday's opening gap level. Holding so far.

IWM still green.
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Re: 08/17/2017 Live Update

Postby Daniel » Thu Aug 17, 2017 10:08 am

UP/Down volume on NYSE and Naz is mildly bearish. Advancers are very weak on NYSE and fairly weak on Naz.
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Re: 08/17/2017 Live Update

Postby brokebybernacke2 » Thu Aug 17, 2017 10:12 am

cracks in the foundation....expanding
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Re: 08/17/2017 Live Update

Postby Trades with cats » Thu Aug 17, 2017 10:17 am

ES just dropped at the ADR low 2452.0. Stopped it yesterday, open question today.
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Postby MrMiyagi » Thu Aug 17, 2017 10:18 am

New York Times saying Gary Cohn is not happy with Trump, may resign. This could tank the markets as he's the one looking into tax reform.
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Re: 08/17/2017 Live Update

Postby Daniel » Thu Aug 17, 2017 10:22 am

At 142.25 or so QQQ will have given up the week's gains. IWM has already done so. SPY is exploring it's Monday gap, and has begun the descent...

Meanwhile, prec.metals are again strong.
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Re: 08/17/2017 Live Update

Postby fehro » Thu Aug 17, 2017 10:24 am

as per yesterday…. shooting stars.. ugly candles yesterday -- http://bbs.cobrasmarketview.com/viewtopic.php?f=2&t=2574&start=60#p243843
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Re: 08/17/2017 Live Update

Postby Trades with cats » Thu Aug 17, 2017 10:26 am

20 day ADR lows holding in both the ES and the TF, let the bouncing begin. :)
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