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05/15/2018 Live Update

Re: 05/15/2018 Live Update

Postby Trades with cats » Tue May 15, 2018 12:06 pm

Ah ! It depends on what the definition of rigged is. I am working off a definition that means a criminal attempt to defraud. The Fed put was well documented and well known effort to influence the public. The plunge protection team was established by Reagan. So to me these are political games, like the tax code.

I do not think we have ever had an open market where no entity has had undue influence, let alone close to equal knowledge by all players. That would be Camelot and we, I am afraid, are stuck in the war of the roses. Still, just like the Greek soldiers who conquered the known world we do sit at our campfire the night before and decide if the commanders have a good plan of battle or not, and if it isn't a good plan, well we make our own.
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Re: 05/15/2018 Live Update

Postby Trades with cats » Tue May 15, 2018 12:11 pm

Initial bounce off the low looked solid enough for me to cover. If it isn't a double bottom I am all in with fehro that the entire move up from the 2665 2670 Es range can be easily covered. Am particularly nervous because Dennis Gartman has announced that he switched to bull this morning. :o :lol: :lol: :lol:
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Re: 05/15/2018 Live Update

Postby te_fern » Tue May 15, 2018 12:19 pm

Also some support here from last week. Can it hold????
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Re: 05/15/2018 Live Update

Postby Al_Dente » Tue May 15, 2018 12:31 pm

Higher low update
Flipped to lower lows
Lower lows are now the guide, unless/until they are challenged by a higher low and a convincing breakout
Options traders favor lower lows … at the moment… (1/VIX is the dashed green line behind SPX)
15m
515lower low.png.png
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Re: 05/15/2018 Live Update

Postby fehro » Tue May 15, 2018 12:32 pm

daytradingES wrote:
Trades with cats wrote:It isn't that it is a rigged game, I think it more that those with deep pockets play a different version, like a medieval game of thrones, we all have our place but the rules for us aren't the same as for those with titles. If it was well and truly rigged I don't think we would see the turn over in the great houses. This is, after all the great game. ;)


I think that if you think it isn't rigged you are holding a conspiracy theory.

Every large dip was bought by the US Govt at 10% since 2009.
It is rigged.
The free market died.
zero % LT bonds and negative yield IS rigging.
It has forced pension funds and govt around the world to move into equity from LT bonds.
It is rigged - no question.



yes. very much rigged. Just look to the large block prints in the dark pools. 53 million shares :roll: of SPY blocks is probably a strong level of support or resistance, and add the Options writers wag the dog .. now with Mon, Wed. Fri, what's next hourlies? :roll: Several of the pbars are just "late" dark pool orders.. reporting late.. they have 24hrs (market hours) to report the trade.. hence the "late" pbar

https://datatraderpro.com
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Re: 05/15/2018 Live Update

Postby Cobra » Tue May 15, 2018 12:50 pm

now i'm awake. interesting. double bottom or not, wait and see.
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Re: 05/15/2018 Live Update

Postby Al_Dente » Tue May 15, 2018 12:56 pm

NOT MARKET RELATED
Bohemian Rhapsody trailer: First look
(in theatres Oct 24)
https://www.standard.co.uk/showbiz/cele ... 39936.html
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Re: 05/15/2018 Live Update

Postby fehro » Tue May 15, 2018 1:06 pm

weakening .. SPX mind that green line.. gap under us.. breaks..look to a very fast fill
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Re: 05/15/2018 Live Update

Postby Trades with cats » Tue May 15, 2018 1:16 pm

This is looking like ground hog day all over again!
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Re: 05/15/2018 Live Update

Postby rajesht » Tue May 15, 2018 1:18 pm

Next stop 2620. Lets see.
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Re: 05/15/2018 Live Update

Postby Daniel » Tue May 15, 2018 1:47 pm

Cobra wrote:double bottom or not, wait and see.

SPY and QQQ are back below their 5min 20ema-- and neither has been above the 15min 20ema so far today.
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Re: 05/15/2018 Live Update

Postby te_fern » Tue May 15, 2018 1:58 pm

Continues to bounce off the support line....
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Re: 05/15/2018 Live Update

Postby Daniel » Tue May 15, 2018 2:00 pm

UUP is having trouble holding its multi-month high around 24.50, set earlier in the month. Gapped open above it, has since mainly traded below.

Meanwhile SPY has plunged to a marginal new LOD. Will this be a quick grabbing of some stops, before reversing-- the "trick" Cobra often refers to? Or the beg of a new leg down...
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Re: 05/15/2018 Live Update

Postby fehro » Tue May 15, 2018 2:01 pm

fehro wrote:weakening .. SPX mind that green line.. gap under us.. breaks..look to a very fast fill



cracks.. look to 2685 next level of bigger support
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Re: 05/15/2018 Live Update

Postby te_fern » Tue May 15, 2018 2:01 pm

There it goes...
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Re: 05/15/2018 Live Update

Postby fehro » Tue May 15, 2018 2:03 pm

VIX nears 20d 15.32 indexes get uglier.. SPY Qs nLODs.. RUT IWM lags still
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Re: 05/15/2018 Live Update

Postby fehro » Tue May 15, 2018 2:06 pm

VIX takes out 20d SMA with conviction buckle up
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Re: 05/15/2018 Live Update

Postby te_fern » Tue May 15, 2018 2:07 pm

Getting the back test. If we make a new low shortly, probably a good time to go short...
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Re: 05/15/2018 Live Update

Postby fehro » Tue May 15, 2018 2:21 pm

/GC nLOD look to 100w SMA / 20 month SMA 1275/70 next stop
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Re: 05/15/2018 Live Update

Postby fehro » Tue May 15, 2018 2:31 pm

Last edited by fehro on Tue May 15, 2018 2:32 pm, edited 1 time in total.
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