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Re: 08/28/2017 Live Update

PostPosted: Mon Aug 28, 2017 1:53 pm
by Al_Dente
this morning the HEAT MAP showed red banks and red oil
now reds are popping up all over
http://finviz.com/map.ashx

Re: 08/28/2017 Live Update

PostPosted: Mon Aug 28, 2017 1:56 pm
by Al_Dente
Old news, this morning AMZN reduced prices on Whole Foods stuff as much as 43% :o

Re: 08/28/2017 Live Update

PostPosted: Mon Aug 28, 2017 2:47 pm
by Al_Dente
my stockcharts is broken
anyone else?

Re: 08/28/2017 Live Update

PostPosted: Mon Aug 28, 2017 3:00 pm
by Al_Dente
HAPPY HOUR
Image

Re: 08/28/2017 Live Update

PostPosted: Mon Aug 28, 2017 3:04 pm
by Wallstreetrader
...

Re: 08/28/2017 Live Update

PostPosted: Mon Aug 28, 2017 3:18 pm
by Mr. BachNut
Greetings all.

The NYMO cycle is up.
It has climbed a long way to the zero line.
So, it is possible this is all corrective.
If so, Cycle should turn back down probably by end of week.
On the other hand, it can climb quite a ways to the up side.

Price has recovered from last weeks lows and is joggling about the middle keltner and 50 day MA.
This is neutral. The question is whether it decides to take a trip back to the upper keltner or go down to the lower keltner.
Problematic for bulls is that the magenta internal trend line I have been tracking got busted and got a nice kiss good bye.
The upper keltner appears to be rolling over too, which is not a good sign.
However, I do have a gap target at SPX 2468.11. This bull market has been very diligent about closing up gaps.
A move that closes the gap but fails to break the 8/16 highs or recapture the broken trend line could be interesting from a bear perspective.
I have gap targets below as well, which are intriguing as the 200 day MA looks like it will soon converge with the lower keltner.

I have left marked with light blue lines all the unclosed gaps over the last year that have been left behind. Amazing.
Perhaps the most important gap I have marked in orange, the opening gap for the year.
Typically, the January low is not the low for the year (though it was in 2013).
A vigorous 10% bull market correction from the August high could close that gap and would not be remarkable historically.
This is NOT a prediction. I have no idea what will happen.
It is just interesting to ponder that a kind of normal 10 % correction is probably inconceivable to most market participants right now.
Yet many could list events and things that could trigger such a thing.

I am a little long on two setups. I don't trust the action in this light pre-holiday week so I am honoring the protocol with small size.
I am prepared to close out and reverse if things break down.
I don't expect a big thrust one way or the other until September.

Re: 08/28/2017 Live Update

PostPosted: Mon Aug 28, 2017 3:21 pm
by Trades with cats
ES 09-17 (15 Min)  8_28_2017.jpg
15 minute regular trading hours


Still on hold waiting for something to trigger a move. Right to left lighter color is a weekly.

Re: 08/28/2017 Live Update

PostPosted: Mon Aug 28, 2017 3:31 pm
by Cobra
bias is up.

Re: 08/28/2017 Live Update

PostPosted: Mon Aug 28, 2017 3:56 pm
by Cobra

Re: 08/28/2017 Live Update

PostPosted: Mon Aug 28, 2017 3:57 pm
by Cobra
well, guess that's it for today. Tuesday tomorrow has been mixed recently. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

Re: 08/28/2017 Live Update

PostPosted: Mon Aug 28, 2017 6:49 pm
by fehro

Re: 08/28/2017 Live Update

PostPosted: Mon Aug 28, 2017 7:00 pm
by fehro
SPX fills July 28th gap.. support here at 2427… futures bouncing