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11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 10:19 am
by Cobra
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double top, text book target 2571.25 to 2566, not sure whether bears can make it...

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 10:22 am
by Cobra

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 10:34 am
by Cobra

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 10:47 am
by Al_Dente
AD, 1min
119ad.png.png

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 10:58 am
by Trades with cats
Aw darn I was all geared up for some high volatility white knuckle trading today. Maybe later.

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 11:04 am
by Cobra

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 11:09 am
by Al_Dente
FUTURES
The ICE Exchange launched their FANG (plus) index futures contracts yesterday morning.
NYFANG
I think the futures symbol is: FNG
Futures traders please report in

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 11:17 am
by Al_Dente
Que pasa junk?
HYG, daily
119junk.png.png

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 11:22 am
by Wallstreetrader
GM

Reoppened didn't pass it :idea:

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 11:22 am
by Trades with cats
NYFANG gets a chart from google.
FNG is an ETF.

For anybody who has forgotten what a lack of liquidity looks like when selling hits sounds like the tech indexes would be worth a look. But wait until the dip has been thoroughly bought first. :D

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 11:34 am
by Al_Dente
Trades with cats wrote:NYFANG gets a chart from google.
FNG is an ETF.
For anybody who has forgotten what a lack of liquidity looks like when selling hits sounds like the tech indexes would be worth a look. But wait until the dip has been thoroughly bought first. :D

thanks boss :D
ELSEWHERE:
traders await tax-cut legislation from the House Ways and Means Committee (and The Senate will also release its own version).

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 11:35 am
by Cobra
from now on until decisive new low, any sharp rebound then the low was in. key time.

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 11:37 am
by Ed02
Cobra, is it hollow red-bar?

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 11:40 am
by Daniel
IWM had a sharp rebound to a quick gap fill, on light volume. Price was then firmly rejected at that level.

MDY is not confirming, nowhere near gap fill (yet).

(As Cobra noted, IWM's hammer candle yest. may have marked a short term low.)

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 11:47 am
by Daniel
From Briefing.com: "Markets showing caution ahead of Senate tax reform bill release, which is scheduled for 11:30 ET."

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 11:50 am
by Trades with cats
RTY 12-17 (2500 Tick)  11_9_2017.jpg

Small Caps have put in a lower low and a lower high to yesterday.
I think they 'look' stronger because they get very little overnight action. The ES had around 400% of normal overnight volume and sold off hard.
Trying to say the smalls are not immune to the sell off, just ignored by Asian and Europe based traders. :)

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 11:54 am
by Trades with cats
ES 12-17 (3000 Tick)  11_9_2017.jpg

The ES looks like 2590 is a looooong way away. My guess is we need Friday's action as well to recover to that level.

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 11:56 am
by Al_Dente
Junk is voting “Risk-Off” meaning the risk of default is increasing … especially hurtful for smalls, who are loaded with junk
A no-bullshit-tax-cut for small corporations would change all that
119junk2.png.png

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 12:08 pm
by fehro
SPX broke bearish rising wedge 60m.. target near open gap.. 2565-60 mind 20d 2573ish .. if LOD goes.. worse case today.. 2558

Re: 11/09/2017 Live Update

PostPosted: Thu Nov 09, 2017 12:13 pm
by Cobra
should at least be another push up.