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05/09/2018 Live Update

Re: 05/09/2018 Live Update

Postby QED » Wed May 09, 2018 10:49 am

Chop ... Chop ... Chop ...
Something's burning, I think it's premium! :twisted:
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Re: 05/09/2018 Live Update

Postby fehro » Wed May 09, 2018 10:51 am

DXY stalls at trendline level from earlier call outs 93.35 does it pause .. for a couple days.. or maybe 200d SMA retest.. or stays tight and goes again?
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Re: 05/09/2018 Live Update

Postby te_fern » Wed May 09, 2018 10:57 am

Down....
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Re: 05/09/2018 Live Update

Postby fehro » Wed May 09, 2018 10:58 am

fehro wrote:SPX nibble tiny short .. looking for gap fill "IF" 50d goes.. if no up we go…. gap fills, maybe 20d

fehro wrote:SPX opens at 50d 2677 mind the gap, possible stall.. or go.. 20d SMA to the downside 2663 "brick wall" level

/ES



SPX 50d 2676 inches under it… 20d 2665 .. guess where? :roll: brick wall
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Re: 05/09/2018 Live Update

Postby Trades with cats » Wed May 09, 2018 11:00 am

FT71's primary scenario for today, all in ES. 2674, then 2670 then impulsive up to 2682.75 possible second move to 2690.25 93 range.
Finally getting the drop to 74 then 70.
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Re: 05/09/2018 Live Update

Postby Trades with cats » Wed May 09, 2018 11:02 am

In lines on the chart he was expecting a drop to yesterdays high then a second drop to yesterday's low followed by some big impulsive up moves .
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Re: 05/09/2018 Live Update

Postby 1der » Wed May 09, 2018 11:09 am

Trades with cats wrote:FT71's primary scenario for today, all in ES. 2674, then 2670 then impulsive up to 2682.75 possible second move to 2690.25 93 range.
Finally getting the drop to 74 then 70.


2670 ES = approx 266.92 SPY
2682.75 ES = approx 268.16 SPY
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Re: 05/09/2018 Live Update

Postby Trades with cats » Wed May 09, 2018 11:28 am

This is NOT an impulsive up move. Pausing at VWAP is not a sign of strength in my book. European time zone traders going home without much to show for the day as volume profile heavily biased to the US opening print level a full point above VWAP. Yes that was a sarcastic sneer in my voice! :lol:
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Re: 05/09/2018 Live Update

Postby fehro » Wed May 09, 2018 11:37 am

/ES 2665 key too :roll: :lol:
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Re: 05/09/2018 Live Update

Postby te_fern » Wed May 09, 2018 11:42 am

Back inside the blue lines. As TWC said, also struggling with the VWAP....
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Re: 05/09/2018 Live Update

Postby Cobra » Wed May 09, 2018 12:07 pm


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Re: 05/09/2018 Live Update

Postby 1der » Wed May 09, 2018 12:24 pm

SPY Upper 268.16 PBar tagged and exceeded
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Re: 05/09/2018 Live Update

Postby Cobra » Wed May 09, 2018 12:30 pm

breakout finally. this bull shall have legs.
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Re: 05/09/2018 Live Update

Postby Cobra » Wed May 09, 2018 12:44 pm


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Re: 05/09/2018 Live Update

Postby fehro » Wed May 09, 2018 12:50 pm

SPX *nibble short again 2694ish .. mind the gap morning one :roll: .. or upper one
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Re: 05/09/2018 Live Update

Postby 1der » Wed May 09, 2018 1:03 pm

The thought of increased cost at the gas pump (transportation) AND increased cost of borrowing AND the market back to up ad up.....

scratching my old head :roll: I guess the $$ coming out of Bonds and the repatriated $$ has to go somewhere!
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Re: 05/09/2018 Live Update

Postby fehro » Wed May 09, 2018 1:16 pm

fehro wrote:SPX *nibble short again 2694ish .. mind the gap morning one :roll: .. or upper one


Key time
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Re: 05/09/2018 Live Update

Postby Daniel » Wed May 09, 2018 1:18 pm

QQQ, XLK, XLF gaining RS thru the day
FXI, IYT losing RS.
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Re: 05/09/2018 Live Update

Postby Trades with cats » Wed May 09, 2018 1:23 pm

short cover.png

from Alistair Willianson on Twitter
He sort of nailed my thoughts that this was a mini version of Friday triggered when we got to the area of Monday's highs.
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Re: 05/09/2018 Live Update

Postby 1der » Wed May 09, 2018 1:30 pm

Today Only Almost there
SPY FIB 5 09.jpg
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