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08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 9:23 am
by Cobra
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the pullback probably will be bought.

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 9:26 am
by Cobra

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 9:35 am
by Wallstreetrader
...

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 10:01 am
by Cobra

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 10:03 am
by Cobra
morning hourly hollow red.

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 10:08 am
by fehro
SPX LOD goes.. look to yGAP…. TRANSports ugly.. already lower than yLOD

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 10:41 am
by fehro
TRANSports

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 10:46 am
by te_fern
The zero pivot line is providing resistance this morning....

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 10:47 am
by Trades with cats
If you look at the recent track record this market is trading off of news events. Tomorrow morning the list of speakers and the titles of their papers will be released for Jackson Hole. Friday Morning ( I got it wrong, I thought it was after lunch) Chair Yellen gives the keynote speech. ECB President Draghi gives the luncheon speech. Major trading houses are predicting a nothing burger. But the markets trade on news, just say'in.

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 10:48 am
by Daniel
IWM gap fill. None of the other majors close.

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 10:58 am
by Cobra
hopefully it's 3 push up therefore pullback is due.

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 11:19 am
by Trades with cats
Small caps have climbed back to a 50% retrace twice over the last couple of weeks, they haven't made it there with the fall from last week. The ES futures have been hitting between 61.8% and 76.4% retrace marks. They kissed that 61.8 yesterday so they are a free agent ready for a tumble. Smalls have a bit more retracing to do. :lol: So as the wave counters are asking, was this a really great ABC end to a set with the next five wave move up ready to set new all time highs or has this been the initial impulsive moves in a developing 5 wave down set?

Simply because Jackson Hole has been so pivotal in the past I keep thinking it is the key, but it is presentation of papers that the physics PhDs who program the bots are not capable (by training) of understanding so it could take human review over the weekend with summary and conclusions presented at the Monday morning meeting before we get a reaction.

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 11:23 am
by Daniel
Adv/Dec on NYSE is mildly bullish even as price is red.

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 11:33 am
by Trades with cats
ES 09-17 (1000 Tick)  8_23_2017.jpg

Market has found a price range. Note that there are no buyers above yesterday's VWAP so far. So the last chunk of yesterday's rise is repudiated by price action for now.

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 11:52 am
by te_fern
TICK continues to look strong, since the beginning of the ramp fest yesterday....

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 11:59 am
by Trades with cats
Nice 1 handle breakout above VWAP going no where. Indicators all saying bull move but bulls appear to be chewing cud under a shade tree, don't want to get uP.

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 11:59 am
by Cobra

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 12:41 pm
by Trades with cats
Small caps futures needed 1375 for a 50% retrace. Today's high seems close enough.

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 1:22 pm
by fehro
fehro wrote:TRANSports


ugly.. takes out this week's LOW and last week's LOW… seems it wants the 50w SMA

Re: 08/23/2017 Live Update

PostPosted: Wed Aug 23, 2017 2:24 pm
by Heck
Hi

19 Posts = Summer Doldrums

Meantime, undervalued Index Puts over Eight Times Index Calls = DOWN