12/22/2017 Live Update

[Cobra]

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no idea up or down here, need see more bars. likely a boring day.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/12 ... ay-update/

[fehro]

fwiw 60m 4weeks ish … SPX bearish rising wedge.. 2676ish goes.. measure move is -48 points to 2630ish buckle up.. may or may not be a clean break and go

[Al_Dente]

NKE earnings beat, but it pulls the dow down

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2017/12 ... ay-update/

[te_fern]

Merry Christmas to everyone! Won't be able to be on much today, so i wanted to make sure to express the greetings!!

[fehro]

Merry Christmas to everyone! Won't be able to be on much today, so i wanted to make sure to express the greetings!!

And to you and all!

Mind the one side of the boat is getting heavy with passengers

[Al_Dente]

Merry Christmas to everyone! Won't be able to be on much today, so i wanted to make sure to express the greetings!!

Same to you fern

[daytradingES]

Merry Christmas Everyone!

[Al_Dente]

Merry Christmas and Happy Holidays to everyone on board

[Trades with cats]

Happy Holidays to everyone. Thank-you for sharing. It makes a real difference to not be alone!

If you get bored next week and want to see how someone else does it Futures Trader 71 gave a blow by blow of yesterday's midday runup showing slides from his fancy software. It is in the middle of his 15 minute traderbyte for today, the 22nd. It will be up all week as he is done until January. Moad's definition of size is anything over 28 contracts and his trading is oriented toward finding opportunities where he can easily trade 50 or a 100 contracts and get fills.https://futurestrader71.com/

[brokebybernacke2]

fwiw 60m 4weeks ish … SPX bearish rising wedge.. 2676ish goes.. measure move is -48 points to 2630ish buckle up.. may or may not be a clean break and go

an interesting spot here..yes a bearish wedge or cup handle off the highs?...no volume this time of year, will take something surprising/geopolitical to get big moves up or down. nobody is expecting downs this time of year and bears are deep underground -sideways to up is the huge majority view. a weak close below ur number would get my bearish attention...Merry Christmas!

[Cobra]

bias is down.

[Al_Dente]

LABU is up 4+ points
while NUGT is dicking around at INTRADAY triple top resistance

[Trades with cats]

For conversations with relatives over the holidays, some relevant quotes
"Bitcoin has no fundamental value as an asset -- no stream of future income, no ultimate assurance of liquidity, and no alternative use" https://bloom.bg/2kYo6vv

"The growth of the Internet will slow drastically... By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's."
- @paulkrugman 1998

An old Danish proverb first published in 1948 and since attributed to lots of famous people.
Det er vanskeligt at spaa, især naar det gælder Fremtiden.
It is difficult to make predictions, especially about the future. (English translation)

[JFR]

Merry Christmas, Everyone. All the best in the New Year.

[Al_Dente]

INTRADAY
AS PRICE GETS TOO FAR ABOVE THE STOP, TRADERS START TO LOCK IN PROFITS AND REDUCE RISK, LEAVING A CHUNK IN PLACE TO BE TAKEN OUT BY THE STOP AND/OR THEY KEEP RAISING THE STOP
[source = some smarty pants, I forget who, not pasta]

[Al_Dente]

no AD bias at the moment
1-to-1 is flat, chop

[fehro]

fwiw 60m 4weeks ish … SPX bearish rising wedge.. 2676ish goes.. measure move is -48 points to 2630ish buckle up.. may or may not be a clean break and go

an interesting spot here..yes a bearish wedge or cup handle off the highs?...no volume this time of year, will take something surprising/geopolitical to get big moves up or down. nobody is expecting downs this time of year and bears are deep underground -sideways to up is the huge majority view. a weak close below ur number would get my bearish attention...Merry Christmas!

Buckle up.. VIX / VXX HUGE spikes!

[brokebybernacke2]

fwiw 60m 4weeks ish … SPX bearish rising wedge.. 2676ish goes.. measure move is -48 points to 2630ish buckle up.. may or may not be a clean break and go

an interesting spot here..yes a bearish wedge or cup handle off the highs?...no volume this time of year, will take something surprising/geopolitical to get big moves up or down. nobody is expecting downs this time of year and bears are deep underground -sideways to up is the huge majority view. a weak close below ur number would get my bearish attention...Merry Christmas!

Buckle up.. VIX / VXX HUGE spikes!

nah, no volume...need solid news to carry any sort of good move, esp. on the down! ...albeit lots of threats this Christmas...my guess won't happen intraday if at all.
vix is due though...