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Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 1:08 pm
by Al_Dente
fehro wrote:
Al_Dente wrote:Smalls are turning down at critical resistance; it should try again
A breakout would be an ATH
[for reference: IWM old high was $160.25 from 1/24/18]
60min

Triple top? :roll:

at the moment, yes, but not confirmed :roll:
http://thepatternsite.com/tt.html

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 1:11 pm
by fehro
Al_Dente wrote:
fehro wrote:
Al_Dente wrote:Smalls are turning down at critical resistance; it should try again
A breakout would be an ATH
[for reference: IWM old high was $160.25 from 1/24/18]
60min

Triple top? :roll:

at the moment, yes, but not confirmed :roll:
http://thepatternsite.com/tt.html


Triple Tops: Important Bull Market Results

Overall performance rank (1 is best): 7 out of 21
Break even failure rate: 10%
Average decline: 19%
Pullback rate: 61%
Percentage meeting price target: 40%

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 1:17 pm
by fehro
President Trump is expected to outline a "comprehensive" plan to tackle drug affordability in a major address on prescription drug prices at 2 p.m. today. In a Thursday night call with reporters, senior administration officials offered a preview of today's "American Patients First" blueprint, outlining their general strategies.

https://www.zerohedge.com/news/2018-05-11/heres-what-expect-trumps-2pm-speech-drug-prices

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 1:18 pm
by Al_Dente
almanac
before and after mother's day
http://jeffhirsch.tumblr.com/post/17379 ... others-day

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 1:34 pm
by fehro
fehro wrote:

SPX another possible blue H&S… weak bounce small RS….. lots of support near here red/green trends.. under them look out below look to the open gaps..


buckle up.. need VIXes to make nHODs

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 1:35 pm
by Al_Dente
...

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 1:53 pm
by victorm
looks like topping process, down we go next week...to 2640 on spx, gold still thinking what to do, still waiting for 1300 to load up. Marijuana stocks to explode on legalization in June - get on board guys. (look at VFF - send me kisses later)

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 2:09 pm
by Al_Dente
starts now
this link will also have the Sanders briefing afterwards
https://www.youtube.com/watch?v=4qLDHfLbFK4

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 2:17 pm
by fehro
fehro wrote:
fehro wrote:
fehro wrote:
fehro wrote:
fehro wrote:nibble.. short.. probably 20min to early :roll: SPX 2729



grinds up with oils help AAPL red..VIXes start to roll over

SPX 2722 goes.. then may speed up down.. /CL nLOD

key time… IWM 5m 3 day H&S at neckline.. these levels crack.. look to yGAPs

SPX another possible blue H&S… weak bounce small RS….. lots of support near here red/green trends.. under them look out below look to the open gaps..



cover partial here.. + 11 SPX at daily pivot.. some support..VIXes need to go for more down

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 2:19 pm
by Al_Dente
Al_Dente wrote:NOT INTRADAY
Swing
This is 10 min, following all the higher lows (green boxes)
After 6 days of HL, I’m watching for a break on smalls …......
[edit: red horizontal lines are STOP if it breaks the previous HL]

update
511hl update.png (1).png

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 2:29 pm
by victorm
Al_Dente wrote:starts now
this link will also have the Sanders briefing afterwards
https://www.youtube.com/watch?v=4qLDHfLbFK4

so, pharmaceuticals should be down. LABU jumped though...

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 2:37 pm
by Al_Dente
victorm wrote:
Al_Dente wrote:starts now
this link will also have the Sanders briefing afterwards
https://www.youtube.com/watch?v=4qLDHfLbFK4

so, pharmaceuticals should be down. LABU jumped though...

and XLV jumped at 2pm :roll:

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 2:41 pm
by fehro
bit sloppy here.. it's Friday.. VIXes roll over press LODs..possible white H&S .. bounce higher.. LOD goes again.. still mind the lower gaps

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 2:54 pm
by Cobra
maybe the low was in for today. it's just a higher low test then rebound to close.

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 3:00 pm
by Al_Dente
HAPPY HOUR
Image

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 3:03 pm
by Al_Dente
WEEK AT A GLANCE (before the close)
Red line is XLF, financials, best on the week here
u can c health XLV (orange) bounce at 2:00 today, oy :roll:

511week.png.png

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 3:04 pm
by 100sma
Hi Cobra,

Today’s market is choppy. I think the pullback is due on Monday or Tuesday. What do you think?

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 3:21 pm
by Cobra
100sma wrote:Hi Cobra,

Today’s market is choppy. I think the pullback is due on Monday or Tuesday. What do you think?


agree. but I don't expect big pullback.

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 3:29 pm
by Trades with cats
Back to VWAP with half hour to go, haven't seen that for several days.

Re: 05/11/2018 Live Update

PostPosted: Fri May 11, 2018 3:47 pm
by Cobra