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05/08/2018 Live Update

Posted: Tue May 08, 2018 9:20 am
by Cobra
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the pullback should be bought if not already being bought.

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 9:24 am
by fehro
/ES mind the possible sloppy H&S (or bull flag) .. which matches SPX .. Mind SPX morning gap and the "brick wall 2665-75" SPX opens at 20d SMA 2663.04

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 9:25 am
by Cobra

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 9:27 am
by fehro
DXY USdollar keeps moving up.. nears key resistance .. over it has room… mind /GC gold 200d/50w 1306/1299 very key.. those go look for sharp drop in gold
mind /CL oil.. dollar will add to Iran deal pains..on /CL's drop, dollar's push

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 9:34 am
by 1der
This morning PBars - fwiw

AAPL 186.28 and 184.16
SPY 267.05 and 266.92

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 9:40 am
by fehro
1der wrote:This morning PBars - fwiw

AAPL 186.28 and 184.16
SPY 267.05 and 266.92
as per yesterday… not a pretty candle.. toppy, gravestone, shooting star.. buckle up on AAPL

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 9:50 am
by te_fern
Ok, I've jumped into the short end of the pool... :D

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 9:52 am
by te_fern
Need the SPXS above to break through that R1 pivot...

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 9:53 am
by Trades with cats
Most likely scenario was a drop to ES 2662 then a move up to 2672. Down scenario was a jerky ride getting to 2649 to 45, an attempt to move up and a possible lower low of 2643. So we will see.

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 9:54 am
by Cobra

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 9:55 am
by Trades with cats
Overnight low (OK earlier morning low) ES 2658.50 or 2 points lower. That is my line in the sand.

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 9:56 am
by te_fern
Took out the pivot, now need room to raise my stop loss to breakeven...

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 9:56 am
by Cobra
possible mm

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 9:57 am
by fehro
fehro wrote:/ES mind the possible sloppy H&S (or bull flag) .. which matches SPX .. Mind SPX morning gap and the "brick wall 2665-75" SPX opens at 20d SMA 2663.04
mind the 20d SMAs …. SPX INDU <20d ..TRANSports +105 points :roll: >20d at 50d

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 9:59 am
by brokebybernacke2
fehro wrote:
1der wrote:This morning PBars - fwiw

AAPL 186.28 and 184.16
SPY 267.05 and 266.92
as per yesterday… not a pretty candle.. toppy, gravestone, shooting star.. buckle up on AAPL
Big Fruit is 15% of daq and 4% of sp. so long above 180 , big fruit ok. Market go nowhere without big fruit. trillion dollar company!
can see a bit higher with it but rsi getting stretched and r2 hit already...

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 10:04 am
by brokebybernacke2
tech leading the charge? backtest triangle, real breakout?

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 10:10 am
by fehro
SPX neckline / brick wall retest stalls here and LOD goes again look to 2645

/GC at 200d SMA DXY stalls after nHOD

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 10:11 am
by te_fern
In a hole now. Will hold just a little longer before I cut my losses. Hate playing the short side!! :D

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 10:17 am
by Clueless
With the pending announcement at 2pm ET, it is going to be very difficult finding buyers. I believe very move up will be sold until that time. But expect more selling pressure 30-60mins before the announcement.
Then expect the market to flush if Trump comes out of the deal because it will create great uncertainty for a long time for the following reasons:
1) What is the path forward?
2) How will Iran react?
3) How will Iran's allies react?
4) Will Israel now have the green light to attack the Iran nuclear sites - specifically the Natanz facility?
5) North Korea can totally reverse the "good" face it has been trying to put on lately.
6) What to make the the Trump-Kim Jong-un Summit? Will it even take place after that?
...

Just too many unknowns to be a calm bull. Get ready for a wild ride because the market is about to get very volatile?

Re: 05/08/2018 Live Update

Posted: Tue May 08, 2018 10:26 am
by te_fern
Back to even. As clueless said this market is volatile! I'm still holding on!!