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10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 9:24 am
by Cobra
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bias is up.

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 10:05 am
by Cobra

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 10:06 am
by Cobra
morning hourly filled black bar.

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 10:36 am
by Trades with cats
ES 12-17 (1000 Tick)  10_20_2017.jpg

I can really see the range compression. Since this was news driven no guess as to which way it breaks out.

My thought for the weekend is that so far earnings season has been more fuel for a sucker rally with nothing but financial engineering (that I have seen) waiting for some actual big earnings increases. I do not count Netflix because their cash burn rate is ridiculous.

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 10:45 am
by Trades with cats
ES 12-17 (15 Min)  10_20_2017.jpg

Cash market 15 minute bar view. The point is just another way to see general direction.
Dark green sawtooth is the bottom of the 70% value area on volume based on prior day. Red line is the point of control. We all know that at some point it will be different, but until then why would you not but the dip?

Have a great weekend!

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 10:54 am
by te_fern
Levered smalls about made back to the top of the box....

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 10:56 am
by te_fern
Biotechs continue their fall...

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 11:15 am
by brokebybernacke2
well, bigger pic, time for bears approaching, 5 year pic of the weekly, we above the top bolly and when RSI hits these levels, typically get a pullback over few weeks to at least mid bolly (2473 ish). fairly reliable...the diminishing volume since the early 2016 low is concerning..

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 11:56 am
by te_fern
Hard to day trade when the move is made during the night time futures market!!

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 12:08 pm
by Cobra

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 12:15 pm
by Al_Dente
Powell is the odds-on favorite for FED chair
BUT BLOOMBERG JUST REPORTED THAT YELLEN IS RIGHT NOW BACK AT THE WH :o

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 1:11 pm
by Cobra
this bull shall have legs

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 1:17 pm
by Al_Dente
[Cullen Roche]
1019cullen.png.png

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 1:22 pm
by Al_Dente
Last night $NYHILOW hit a spot which in the past signaled an impending pullback

1020nyhilow.png.png

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 1:56 pm
by Cobra
the pullback will be bought

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 2:03 pm
by Al_Dente

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 2:04 pm
by QED
te_fern wrote:Hard to day trade when the move is made during the night time futures market!!

Jim Cramer had a nice video explaining how fund managers manipulate the market, noting it doesn't take much money to manipulate the markets using the Futures noting:
"It's a fun game, and it's a lucrative game"
"I would encourage anyone who is in the hedge fund game to do it because it's legal and a quick way to make money – and very satisfying."


https://www.youtube.com/watch?v=gMShFx5rThI


.

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 2:24 pm
by Junior Buffett
Bitcoin is $ 6000 now! GOLD is $ 1280...talk about the safe heaven..things have changed! I want to meet GOLD BULLS who were calling for $ 5000 and $ 10k GOLD..not in next 100 years I guess...BITCOIN is the new GOLD & safe heaven...

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 2:46 pm
by Cobra
the pullback will be bought again.

Re: 10/20/2017 Live Update

PostPosted: Fri Oct 20, 2017 3:01 pm
by Al_Dente
HAPPY HOUR :roll: