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05/07/2018 Live Update

Re: 05/07/2018 Live Update

Postby Trades with cats » Mon May 07, 2018 2:10 pm

From Twitter an hour ago. I post what Coolbizone is thinking as he is a professional with a long track record who does a reasonable job of seeing into the future with Elliot waves. The warning is he will change his mind and move his position and then tweet about it.

"SPX expecting a pullback towards 2640-2632 area in coming days. 2681.32 was a ST peak of may exceed by a few point? disl:hold shorts from near 2680, STOP at 2688."

So a run up to 2690's would trigger some shorts, only question is how many others? :?
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Re: 05/07/2018 Live Update

Postby fehro » Mon May 07, 2018 2:31 pm

SPX oil goosed into pit close… SPX goosed… .. may stall here and reverse.
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Re: 05/07/2018 Live Update

Postby rpccharts » Mon May 07, 2018 2:31 pm

Watch out for these guys :

May 07, 14:00

FOMC member Barkin speech
May 07, 15:00
29 min
Consumer Credit Change $10.6B $16B
May 07, 15:30
59 min
Fed's Evans Speech
May 07, 15:30
59 min
FOMC Member Kaplan Speech
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Re: 05/07/2018 Live Update

Postby rpccharts » Mon May 07, 2018 2:32 pm

fehro wrote:SPX oil goosed into pit close… SPX goosed… .. may stall here and reverse.


All we want is 2705
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Re: 05/07/2018 Live Update

Postby Trades with cats » Mon May 07, 2018 2:32 pm

4 hours later a new high for the day and it doesn't exactly look like a bold statement of higher prices. That is to say it hasn't triggered a positive momentum signal out of Fat Tails Zerolag indicator.
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Re: 05/07/2018 Live Update

Postby fehro » Mon May 07, 2018 2:47 pm

fehro wrote:SPX oil goosed into pit close… SPX goosed… .. may stall here and reverse.



no the markets aren't being held up by oil :roll: :lol: :lol: /CL drops hard nears oLOD .. mind the gravestone on inv hammer on /CL daily
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Re: 05/07/2018 Live Update

Postby 1der » Mon May 07, 2018 2:52 pm

coolbiz - closed his short for -1.70 says price action is firming,
"Price action is firm covered shorts at 2681.70, -1.70 is good for now. Will re-assess instead of holding."
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Re: 05/07/2018 Live Update

Postby fehro » Mon May 07, 2018 2:56 pm

fehro wrote:
fehro wrote:SPX oil goosed into pit close… SPX goosed… .. may stall here and reverse.



no the markets aren't being held up by oil :roll: :lol: :lol: /CL drops hard nears oLOD .. mind the gravestone on inv hammer on /CL daily



nears support nears top of gap
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Re: 05/07/2018 Live Update

Postby Trades with cats » Mon May 07, 2018 2:57 pm

Yes, as I posted, Coolbiz changes his mind. But then if I was routinely trading 20 contracts as a swing trader I would too. :lol: Just wait if this market gets wobbly he will try again on his short (or his long), seems to be the way he trades.

I have been following him for many years and I am always amazed at his ability to coax a wave count out of a chart.
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Re: 05/07/2018 Live Update

Postby 1der » Mon May 07, 2018 3:01 pm

Trades with cats wrote:Yes, as I posted, Coolbiz changes his mind. But then if I was routinely trading 20 contracts as a swing trader I would too. :lol: Just wait if this market gets wobbly he will try again on his short (or his long), seems to be the way he trades.
I have been following him for many years and I am always amazed at his ability to coax a wave count out of a chart.


Thxs TWC for posting the lead to him. Interesting (also at times hard) to follow his tweets. :? crazy when he posts his trades statement for a short bit.
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Re: 05/07/2018 Live Update

Postby Al_Dente » Mon May 07, 2018 3:02 pm

HAPPY HOUR
spots.png.png
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Re: 05/07/2018 Live Update

Postby fehro » Mon May 07, 2018 3:03 pm

gap fills..look to 20d SMA worse case…come to papa :roll:
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Re: 05/07/2018 Live Update

Postby Trades with cats » Mon May 07, 2018 3:11 pm

ES fill is 7 points below the open, but today's range has been open to plus 12 so it is going to take (I think) a significant group changing their mind in the last 30 minutes or so. No idea who that would be unless it is swing traders who held on over the weekend.
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Re: 05/07/2018 Live Update

Postby Trades with cats » Mon May 07, 2018 3:14 pm

Making a run for the gap fill after all.
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Re: 05/07/2018 Live Update

Postby fehro » Mon May 07, 2018 3:15 pm

fehro wrote:gap fills..look to 20d SMA worse case…come to papa :roll:


at gap.. key time..
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Re: 05/07/2018 Live Update

Postby fehro » Mon May 07, 2018 3:21 pm

fehro wrote:
te_fern wrote:
Al_Dente wrote:
te_fern wrote:
ccash04 wrote:Short spy here, stop at HOD.


Good call!!

fehro » Mon May 07, 2018 9:59 am ......nibble short 2680.25


Another good call. Hope they covered at the lows of the day!! :D



buckle up .pink line top of gap.. may be all we have… AAPL daily ugly candle .. bearish wedge 4 highs, 2 recent lows daily


ding ding pink line.. fill gap next and back at the infamous "brick wall" 2665/75 :roll: :lol:
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Last edited by fehro on Mon May 07, 2018 3:23 pm, edited 1 time in total.
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Re: 05/07/2018 Live Update

Postby Wallstreetrader » Mon May 07, 2018 3:23 pm

a decent dip :ugeek:
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Re: 05/07/2018 Live Update

Postby Trades with cats » Mon May 07, 2018 3:25 pm

ES 06-18 (2000 Tick) 2018_05_07.png

This market is a tease! :lol:
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Re: 05/07/2018 Live Update

Postby Trades with cats » Mon May 07, 2018 3:29 pm

Should have said I have added a color changing Keltner of 2.25 ATRs centered on the 20 bar EMA to see if it helps me make better decisions or not. It certainly influences a quick glance to have that caterpillar working it's way across the chart.
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Re: 05/07/2018 Live Update

Postby Cobra » Mon May 07, 2018 3:37 pm


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