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Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 12:24 pm
by Trades with cats
Good day for band trading. Assuming market doesn't expect much from their tax bill. :)

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 12:37 pm
by fehro

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 12:39 pm
by Wallstreetrader
PARTY BULLS OVER :twisted: :twisted:

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 12:47 pm
by Cobra
remember, must be decisive low and not close into a hammer. in lots of cases the market tends to break the previous low then sharp rebound to trap bears.

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 12:49 pm
by fehro
VIX huge move.. huge spikes from 9.85 to 11.14 in seconds

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 12:50 pm
by Trades with cats
ES bouncing on that big pink line, the 20 day ADR low. Also happens to be near a major support level as a high volume node at 2572.50. On paper this is the low for the day. Time wise it is also pretty good. Tax news wise it is pretty good. We will see what the market thinks.

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 1:02 pm
by Al_Dente
delay tax cut
bullshit

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 1:03 pm
by Trades with cats
IF I knew how to count waves I would call this a completed 7 wave pattern from today's high to low as an impulsive 5 wave set with an ABC reversal at the end.

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 1:03 pm
by Trades with cats
tax bill.jpg

from Stock Board Assets Twitter account

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 1:37 pm
by Cobra

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 1:38 pm
by Cobra
multiple supports here.

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 1:41 pm
by fehro
fehro wrote:SPX broke bearish rising wedge 60m.. target near open gap.. 2565-60 mind 20d 2573ish .. if LOD goes.. worse case today.. 2558


ding ding 20d

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 2:08 pm
by fehro
fehro wrote:
fehro wrote:SPX broke bearish rising wedge 60m.. target near open gap.. 2565-60 mind 20d 2573ish .. if LOD goes.. worse case today.. 2558


ding ding 20d


mind the gap SPX 60m

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 2:10 pm
by te_fern
The Semi's got hammered today, down 8.76%......

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 2:26 pm
by Cobra
the rebound shall have legs. in the past it means the low was in. let's see any differences today.

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 3:25 pm
by te_fern
TICKs are trying to move higher. The QQQs have already moved above their MA line....

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 3:43 pm
by Cobra
pullback will be bought

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 4:01 pm
by Al_Dente

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 4:09 pm
by Al_Dente
who owns congress:
[on the drop-down menu at the top, you can sort for the years 2016 or 2017 or etc.... hmmm i'm looking for the NRA]
https://www.opensecrets.org/lobby/top.php?indexType=s

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 4:28 pm
by Cobra