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04/09/2018 Live Update

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Cobra
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04/09/2018 Live Update

Post by Cobra »

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bias is up?
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Cobra
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Re: 04/09/2018 Live Update

Post by Cobra »


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fehro
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Re: 04/09/2018 Live Update

Post by fehro »

/ES mind the Gap yesterday.. messy chart .. support/resistance zone yellow area… and cyan 2617.75 again :roll:
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te_fern
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Re: 04/09/2018 Live Update

Post by te_fern »

The TICKs are not above their moving average lines yet...
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Trades with cats
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Re: 04/09/2018 Live Update

Post by Trades with cats »

Tagged the overnight high. Still expecting a test of overnight low/Friday's close.
te_fern
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Re: 04/09/2018 Live Update

Post by te_fern »

Just watching. Agree with TWC that we could have a test of the recent lows. Need more backing and filling to get the bulls set up for a push up....
This is not investment or trade advice.
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Re: 04/09/2018 Live Update

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te_fern
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Re: 04/09/2018 Live Update

Post by te_fern »

Bios are strong this morning, up 10%...
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Re: 04/09/2018 Live Update

Post by Trades with cats »

So far inside day with VWAP /Mid ( I am using a Daily mid just because I can) being the most important line on the chart.

Found a possible reason for today as an inside day in the news feed. The Chinese Emperor speaks tonight at a big international conference (Boao Forum conference in 12 hours). So just like when Fed Chair gave a speech last week and the market was hoping for insite, trading dried up in anticipation. Normally I would say "Really?" but this market is so totally news driven I think the idea of a potential Chinese policy clarification causing everyone to freeze has merit.
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Cobra
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Re: 04/09/2018 Live Update

Post by Cobra »

100% mm? So far looks like an uptrend day.
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Cobra
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Re: 04/09/2018 Live Update

Post by Cobra »

consolidation, bias is up.
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Re: 04/09/2018 Live Update

Post by Cobra »

a little resistance here.
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Re: 04/09/2018 Live Update

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Re: 04/09/2018 Live Update

Post by Cobra »

this bull shall have legs.
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fehro
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Re: 04/09/2018 Live Update

Post by fehro »

straight up all morning .. fomo rally.. now down all afternoon for a gravestone candle? and gap fill? sounds nuts :roll: … QQQ's filled Fri's gap, IWM weaker, SPY no Fri gap tag
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Cobra
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Re: 04/09/2018 Live Update

Post by Cobra »

generally the pullback would be bought.
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Re: 04/09/2018 Live Update

Post by Trades with cats »

relative volume bars on the 5 minute chart tracking 20 day average were running at 72%, with a spike bar on this new selling. My point we have seen this pattern, the relentless bull move on low volume. It has been consistently followed by high volume wash outs. So stay tuned to see if the pattern is broken this time.
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Re: 04/09/2018 Live Update

Post by Trades with cats »

ES 06-18 (5 Minute) 2018_04_09.png
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Cobra
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Re: 04/09/2018 Live Update

Post by Cobra »

maybe buyers at ema20 coming
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Re: 04/09/2018 Live Update

Post by Trades with cats »

ES 06-18 (60 Minute) 2018_04_09.png
60 minute bars using 40 days for the relative volume and range calculation. So the number on relative volume looks better, but compared to recent selling days, same story.
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