03/20/2018 Live Update

[Cobra]

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the fastest bottom pattern, so usually should be another dip at least.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/03 ... ay-update/

[Daniel]

IWM rejected at the 15min 200ema and headed twd gap fill... and then reversed, following strength in QQQ/Tech (currently at hod).

[Trades with cats]

Approximately 15 minute chart using tick bars.
The point is yesterday's volume profile is a box. So the text book says price can easily move up and down through that range because the market did not see a more desirable area i.e. a nice Gaussian profile.

[Trades with cats]

Overnight Asian session moved things up then sold off followed by European session moving it back up for a slightly higher high (ES 2729). Sort of a double top waiting for the North American market to retest.

My bet is a boring range day trading inside the overnight range. Why would you make a move before Fed day, especially given what is going on. It is possible that the chair could bring on a retest of February, either the high or the low! Or maybe he will just parrot Chair Yellen and bore us all.

[Daniel]

Why would you make a move before Fed day, especially given what is going on?

Fed days tend to be bullish; and given certain parameters very bullish. So traders will often ride snapbacks from short-term oversold levels more aggressively, knowing this.

But then, following my rule of "If I know this, then surely everyone knows this", it's possible that the bullish final hour yest represented a discounting of what I just noted-- in which case shorting at an early AM high this morning is the way to go.

Etc. . .

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2018/03 ... ay-update/

[Daniel]

IWM still struggling to get thru that 15min 200ema (ca 156.90)

[Trades with cats]

ES overnight low two points away at 2716.25

[fehro]

weak… SPY filling gap… indexes can't even tag 50d 20d push above.. so far… VIX goes green.. DXY dollar pushing up into FOMC..

[Cobra]

the pullback might be bought around here.

[Daniel]

Gap fill on QQQ, not yet on IWM.
SPY maybe-- depends on which 'Closing Price' a charting service used. (They can easily be a dime apart, which is trivial except for algos which are triggered by exact numbers.)

[Trades with cats]

Fun little graphic from this morning.

[Daniel]

IWM rejected at the 15min 200ema and headed twd gap fill...

..approaching the OR-60, this is still the case.

[Trades with cats]

Aw come on. Impulsive up just like the opening drive and it stops dead in it's tracks at the OR high. Algo's programmed by clowns running the show today!

[Daniel]

..and then there were none.
IWM joined in-- gap fill.

[Cobra]

bias is up.

[Daniel]

TLT (@119) keeping its head below that 120 level, and down a bit on the day.

[brokebybernacke2]

is it 3 (market up) or 4 (market down) rate hikes? if anyone works for Congress/has that info, please share

[Al_Dente]

headlines
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"How to Delete Your Facebook Account"
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FB down -5.3% today
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