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02/12/2018 Live Update

02/12/2018 Live Update

Postby Cobra » Mon Feb 12, 2018 10:22 am

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maybe the pullback is being bought?
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Re: 02/12/2018 Live Update

Postby Cobra » Mon Feb 12, 2018 10:26 am


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Re: 02/12/2018 Live Update

Postby tim-follows » Mon Feb 12, 2018 10:30 am

nutty overnights.....IWm was up 1+% then back here, this kind of looked sh-cover

cant see if its more shortcovering or new buying QQQ HOUR CHART, bullish divergences

headlines and news blogs all seemed to become non bullish over the weekend, (contrarian headline index?)
qq2hr.png
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Re: 02/12/2018 Live Update

Postby fehro » Mon Feb 12, 2018 10:33 am

fwiw..not sure… SPY 5m.. may stall near here..and pullback to 260ish.. retest yellow neckline make pink RS.. that holds.. then goes.. and takes out HOD.. look to 274
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Re: 02/12/2018 Live Update

Postby JFR » Mon Feb 12, 2018 10:34 am

Overnight/weekend gap up on YM, ES and NQ.
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Re: 02/12/2018 Live Update

Postby fehro » Mon Feb 12, 2018 10:41 am

fehro wrote:fwiw..not sure… SPY 5m.. may stall near here..and pullback to 260ish.. retest yellow neckline make pink RS.. that holds.. then goes.. and takes out HOD.. look to 274



"IF" we ease, "IF" we gap fill SPY 5m.. mind pink RS fwiw /ES oHOD maybe tested, taken out first
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Re: 02/12/2018 Live Update

Postby Cobra » Mon Feb 12, 2018 10:45 am


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Re: 02/12/2018 Live Update

Postby JFR » Mon Feb 12, 2018 10:47 am

Some early DOW leaders. AXP PG JPM CVX
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Re: 02/12/2018 Live Update

Postby Trades with cats » Mon Feb 12, 2018 10:49 am

Overnight high area sparked a strong down bar. Expecting all those new E-trade accounts to get in first thing. Reuters saying netflix is going straight up! Who knows maybe they will move Tesla along with it.
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Re: 02/12/2018 Live Update

Postby fehro » Mon Feb 12, 2018 10:56 am

/ES 30m fwiw.. mind the trend lines.. possible patterns
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Re: 02/12/2018 Live Update

Postby Trades with cats » Mon Feb 12, 2018 10:59 am

ES Friday high 2637.75
overnight low 2623
Friday VWAP 2584.50
Friday low 2531
Friday's low seems a bit excessive for one day given 90 to 1110 point daily ranges but VWAP could be reached.
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Re: 02/12/2018 Live Update

Postby Cobra » Mon Feb 12, 2018 11:04 am


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Re: 02/12/2018 Live Update

Postby Cobra » Mon Feb 12, 2018 11:05 am

morning hourly filled black bar.
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Re: 02/12/2018 Live Update

Postby Trades with cats » Mon Feb 12, 2018 11:11 am

Futurestrader71 has a program that zig zags a one minute chart of the ES cash market hours then compiles the move. Last week, based on 500 plus data points the harmonic up rotation moved from what had been 2.5 points to 5.75 points and the 70% or 1 standard deviation level moved to 18 points. He uses that 1 std dev level as the definition of an impulsive move. His response to this is trade one third of your normal volume or if you are a one lot trader triple your stop loss .

Nice to have some numbers to go with what we all have been seeing.
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Re: 02/12/2018 Live Update

Postby JFR » Mon Feb 12, 2018 11:13 am

On a Dynamic SuperDOM, NQ is moving like a Mexican jumping bean. And the NYSE TICK is schizo also. Gonna look at the currency pairs for now. Or go upstairs for a coffee.
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Re: 02/12/2018 Live Update

Postby Cobra » Mon Feb 12, 2018 11:14 am

the pullback may target ema20. better not exceed tinted area.
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Re: 02/12/2018 Live Update

Postby Trades with cats » Mon Feb 12, 2018 11:24 am

After last week this drop feels like running up a sand dune. Price pattern just like last week, drop, retrace, drop retrace just not getting the speed or size of move. My brain needs to switch gears again!
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Re: 02/12/2018 Live Update

Postby Trades with cats » Mon Feb 12, 2018 11:28 am

ES 2630 area was last weeks weekly Point of Control so I suppose on paper we are now in the bottom half of the chart.
That was 30 points in 30 minutes. Last week we were seeing 20 point round trip rips in under 5. So my poor brain has to adjust. :lol:
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Re: 02/12/2018 Live Update

Postby Trades with cats » Mon Feb 12, 2018 11:49 am

ES VWAP on my chart is 2638 conveniently at Friday's high. Market needs to do nothing for 15 minutes before it makes VWAP a double top to meet the 30 minute rule. Or bull on through, but that isn't looking very likely.
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Re: 02/12/2018 Live Update

Postby Cobra » Mon Feb 12, 2018 12:18 pm

pullback to ema20 as expect, the rebound so far not strong, feels like a range day.
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