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Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 11:02 am
by brokebybernacke2
upper bolly coming up 2718 for a rest,

back test break of 50 and then off to races for bulls.

bears have last chance or again remain silent for weeks..not lookin good, need a power move to bust that 2660ish zone.

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 11:20 am
by te_fern
Channel I'm watching....

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 11:26 am
by fehro

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 11:40 am
by JFR
SPY daily. The market is resilient. Of course there is lots of money to be invested. But one wonders if a lot of it is on hope.


SPY weekly. Choppy since January. It feels like we are sitting on a precipice. No problem for long and short day traders like us, of course.

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 11:46 am
by te_fern

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 11:54 am
by fehro
RUT 9 points from ATH.. all other lag big time

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 12:00 pm
by JFR
Runaway overnight gaps on YM, ES and NQ. I find it kind of amazing. For those overly optimistic, the pain might come later.

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 12:00 pm
by Wallstreetrader
no more descending triangle in daily imo Bulls are safe for now :ugeek:

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 12:02 pm
by brokebybernacke2
fehro wrote:RUT 9 points from ATH.. all other lag big time



looking rather bully, bears need miracle to get back in triangle and back below that 2660 level
expect a pullback from around this level, but not much , feels like we are amidst a chaser market...

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 12:03 pm
by fehro
NDX Qs nervous… at HUGE gap from Mar 12.. may stall here…. it's all in AAPLs hands :roll:

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 12:08 pm
by fehro
brokebybernacke2 wrote:
fehro wrote:RUT 9 points from ATH.. all other lag big time



looking rather bully, bears need miracle to get back in triangle and back below that 2660 level
expect a pullback from around this level, but not much , feels like we are amidst a chaser market...



Bears hold it… 50w SMA… then may see something… but NDX Qs pushing into HUGE open gap here.. indexes trying hard

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 12:08 pm
by Cobra

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 12:11 pm
by Cobra
te_fern wrote:Cobra, you feeling better???


thanks, better. just got up from the bed. :roll:

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 12:13 pm
by JFR
MMM, JPM having a good day.

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 12:15 pm
by fehro
SPX .. take a little short here .. 2722 with tight stop… mind the morning gap

/CL 5m possible H&S LOD goes again may see another -$1.15 drop to 69.65ish

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 12:26 pm
by 1der
Bigger Picture - We have exceeded the April 18th high of 2718.50
2018-05-10 ES FIB.jpg

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 12:30 pm
by fehro
1der wrote:Bigger Picture - We have exceeded the April 18th high of 2718.50
2018-05-10 ES FIB.jpg


now the stops are blown out.. do we reverse? :roll:

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 12:38 pm
by 1der
fehro wrote:
1der wrote:Bigger Picture - We have exceeded the April 18th high of 2718.50
2018-05-10 ES FIB.jpg


now the stops are blown out.. do we reverse? :roll:


Looking back to the 2720 to 2744 area from Mar 19 to 22, looks like ES could go to 2730 - 2733 in a flash.
15 min MACD is not showing any weakness... yet. Must be getting into overbought territory.

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 12:42 pm
by fehro
VIX 50w holds… VIX inches up.. indexes still push a little..

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 1:11 pm
by fehro
fehro wrote:VIX 50w holds… VIX inches up.. indexes still push a little..


caution TLT heats up.. pops up fast over 20d SMA.. look to 50d.. someone is getting nervous :roll: