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10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 9:22 am
by Cobra
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Finally some pullbacks. Let's see how eager dip buyers are, now or a few hourly lager or a day or two. The dip will be bought, no doubt, the question is just when.

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 9:25 am
by Cobra

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 10:04 am
by Cobra

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 10:06 am
by Cobra
morning down as usual, now let's see the up and up till close part. my guess is today will be different but we shall never underestimate the power of bull side.

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 10:20 am
by Cobra
here may come the up and up till close part. my guess is there'll be a 2nd leg down but it'd be higher low.

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 10:34 am
by te_fern
The TICKs are turning....

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 10:39 am
by te_fern
It appears Cobra's second leg down has started....

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 10:50 am
by fehro
Having fun this am? VIX expired yesterday, OEW, market makers crushed those monthlies… :roll: .. once again.. ;) SPX daily candle a shooting star "ish" .. gap up y , and doji and gap down today.. fwiw - http://thepatternsite.com/CandleVisual.html or tri star, or doji gapping

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 10:58 am
by te_fern
Levered smalls battling back. I prefer the MA lines to cross back positive before I trade, so I'll have to wait....

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 10:59 am
by fehro
SPY 5m.. fwiw.. too sloppy.. but something to watch

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 11:02 am
by te_fern
This is a 8 day, 1 minute chart. The levered biotechs have been taking it on the chin with all of the Washington talk....

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 11:10 am
by Cobra
so far it confirms the best bears can get is higher low. maintain the dashed blue lines guess.

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 11:21 am
by te_fern
The NYSE has broken back above its moving average line..

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 12:01 pm
by te_fern
Looks like SPX is rolling over now....

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 12:08 pm
by Al_Dente
Update on that “confirmed short-term downtrend channel”
3x smalls, 15 min
1) the “box” target is questionable, as the box was too sloppy
2) overshoot of the channel line (smalls LOVE to overshoot and undershoot)
3) it’s actually a bearish “island gap” on the 15m (pink area line), although it doesn’t appear on the daily where it really counts. Nonetheless it’s a nice stop
4) bears are now testing the LOD. They need a LOD, NOT a higher low

1019tna 15.png.png

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 12:12 pm
by Cobra

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 1:08 pm
by Cobra
poor bear, bulls even don't give bear higher low chances.

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 1:13 pm
by tsf
Cobra is very good, this 5-min chart is the best :D


Cobra wrote:poor bear, bulls even don't give bear higher low chances.

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 1:20 pm
by Wallstreetrader
2559 is a gift :ugeek: big squeeze :mrgreen:

Re: 10/19/2017 Live Update

PostPosted: Thu Oct 19, 2017 1:48 pm
by Al_Dente
RUT, daily
This is a “bull flag”
Technically, at what point would it stop being a bull flag? When it moves below what?
(serious TA question)