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Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 12:14 pm
by brokebybernacke2
Trades with cats wrote:There goes 2715. ES 2706 next up.
selling volume has overpowered buying volume these last few weeks- breaking blue line would be a good warning for bulls. ok till then imo
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 12:24 pm
by Daniel
QQQ gap fill, and a bit beyond.
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 12:26 pm
by Trades with cats
- 30,000 tick is about a 15 minute time frame during US Hours
Price histogram and Fib levels to me tell a story. 2715 is the POC for this. Failure to push back up into that low volume node is not good news for bulls.
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 12:28 pm
by brokebybernacke2
Trades with cats wrote:ES 03-18 (30000 Tick) 2018_03_06.png
Price histogram and Fib levels to me tell a story. 2715 is the POC for this. Failure to push back up into that low volume node is not good news for bulls.
we shall see, gold seems to be warming up, just broke 50 ma with authority of late...
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 12:29 pm
by Cobra
so far doesn't look like the pullback would go far.
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 12:53 pm
by Trades with cats
Zero Hedge tweeting that LIBOR OIS spread is driving things down today.
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 1:02 pm
by Cobra
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 1:16 pm
by Cobra
probably the low was in for today.
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 1:35 pm
by fehro
short term bear yellow H&S SPY 5m.. within a bigger red bull invs H&S .. or just a larger yellow triangle.. fwiw.
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 1:41 pm
by Cobra
bias is up.
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 1:42 pm
by Al_Dente
IWM HOD
not spy
not qqq
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 1:51 pm
by Cobra
100% mm.
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 2:01 pm
by Cobra
this bull shall have legs.
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 2:01 pm
by Al_Dente
Smalls, 15 min
“V” formation update
I don’t see any more resistance between here and target ~73 tna
I thought it would have to rest, but it did so this morning
http://thepatternsite.com/vtopbot.html
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 2:08 pm
by Trades with cats
Overnight high was ES 2734.50. Today's other upside targets were the 2740 range and a wall at 2750. Looks like we have a chance to see how they work out.
We have options roll on Thursday then on Friday the big one, the Jobs report. Don't know how this ties in to keeping bull hopes alive for the big trading houses but it must some how. At this point I don't think one bad jobs report will make the Fed back off.
The whole point of these 50 to 75 percent range re-tracements is to exhaust buying or selling so seeing several days of more or less range bound activity feels right. Of course which way will the big move come is another issue!
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 2:16 pm
by fehro
fehro wrote:short term bear yellow H&S SPY 5m.. within a bigger red bull invs H&S .. or just a larger yellow triangle.. fwiw.
RS here key time..LOD goes look to 268.90.. QQQs 5m H&S too. SPY 50d just a dime higher
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 2:19 pm
by Trades with cats
That nice 10 point run courtesy of Bloomberg quoting Senator Purdue that the president is open to trade war changes, whoops, I mean tariff.
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 2:24 pm
by Trades with cats
Is today going to be a classic double top and fall down for a test of last weeks low later this week?
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 3:36 pm
by Cobra
I have a dream.
Re: 03/06/2018 Live Update
Posted: Tue Mar 06, 2018 3:49 pm
by Al_Dente
IWM HOD