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12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 10:22 am
by Cobra
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no idea up or down from here need see more bars. Sharp pullback would be lower high therefore the short term top might be in.

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 10:25 am
by Cobra

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 10:39 am
by Trades with cats
Overnight volume normal. Overnight move was majority Hong Kong time frame and I am guessing tied to senate tax vote and US Treasury Secretary saying government won't shut down. European traders didn't do much to move things, but with German government in leadership crisis why would they?

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 10:44 am
by Trades with cats
ES 03-18 (2 BetterRenko(17)) 2017_12_20.png

Unfinished business? Pit hours market says we were not done with that zone!

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 10:49 am
by Trades with cats
:lol: :lol: :lol: From Zerohedge twitter feed

"one sentence with every possible buzzword in existence:
"the blockchain business unit will invest into unique projects which decentralize and disrupt the payment processing industry by combining blockchain technology and real world applications with talented development teams""

My comment is I wish I still had a buzzword worthy quote like that from the DOT.Com era to compare and contrast because they sure look similar.

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 10:52 am
by Trades with cats
FANG History.jpg
From Coolbizone Twitter

Just so you won't think I am a Luddite I do think Coolbizone is correct, the big gaines come from owning the survivors, and I do think blockchain crypto companies could easily have a history that continues to rhyme with the dot,commers

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 11:02 am
by Cobra

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 11:03 am
by Cobra
morning hourly black bar.

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 11:19 am
by te_fern
Hard to gauge direction today....

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 11:19 am
by te_fern
I have a negative bias or 'no trades today' view of the market....

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 11:20 am
by te_fern
TICK is trying to climb over the MA lines....

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 11:21 am
by te_fern
Forgot to add the picture.... :D

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 11:28 am
by te_fern
Levered Bios need to push up out of the box....

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 11:30 am
by te_fern
Levered smalls are struggling this morning too...

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 11:40 am
by Cobra
i have a dream.

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 11:52 am
by Trades with cats
ES 03-18 (2 BetterRenko(17)) 2017_12_20b.png

Multi-dau volume profile overlay makes potential support at 2677 range obvious as well as resistance at 2687 range and more so at 2695 ish. IF 2677 fails to hold it could easily drop into a vacuum down scenario.

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 11:57 am
by fehro
SPX still try to fill Mon's gap.. if 2668.97 goes on SPX lookin for a VERY sharp drop to 2625.. yup crazy 40+ points SPX :roll: mind the open gaps below.

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 12:15 pm
by Trades with cats
Back up to VWAP. At 10 same thing happened, triggered second wave down, But market is slowing down, so maybe we coast into London/Frankfurt close then start the slow grind up.

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 12:24 pm
by te_fern
SPX is still struggling, I don't think its hit Cobra's down target yet...

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 12:31 pm
by Daniel
SPY green