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05/17/2018 Live Update

Re: 05/17/2018 Live Update

Postby te_fern » Thu May 17, 2018 10:25 am

Trades with cats wrote:Just buy a seat on the exchange for half a million or what ever they are going for, it cuts your trading costs in half. And you don't have to take any of those exams because you are trading your own money. :lol: Then you can add it to your internet signature, Member XXX Exchange along with the picture of yourself in the Italian super car ;)


Yeah, I'd either be in the super car or the poor house pretty quick! Ha! :D
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Re: 05/17/2018 Live Update

Postby te_fern » Thu May 17, 2018 10:26 am

The bulls need to sustain this breakout or maybe a trap....
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Re: 05/17/2018 Live Update

Postby fehro » Thu May 17, 2018 10:28 am

SPX resistance.. .. seems it wants to fill that gap, and tag white line
nibble small short here at 2726.. not ideal
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Re: 05/17/2018 Live Update

Postby Cobra » Thu May 17, 2018 10:30 am

testing yesterday's high.
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Re: 05/17/2018 Live Update

Postby fehro » Thu May 17, 2018 10:37 am

fehro wrote:SPX resistance.. .. seems it wants to fill that gap, and tag white line
nibble small short here at 2726.. not ideal


:roll: out gap fill next white
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Re: 05/17/2018 Live Update

Postby Cobra » Thu May 17, 2018 10:37 am

breakout. this bull may have legs.
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Re: 05/17/2018 Live Update

Postby fehro » Thu May 17, 2018 10:40 am

fehro wrote:
fehro wrote:SPX resistance.. .. seems it wants to fill that gap, and tag white line
nibble small short here at 2726.. not ideal


:roll: out gap fill next white


try again at white :roll: 2730.50
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Screen Shot 2018-05-17 at 7.39.55 AM.png
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Re: 05/17/2018 Live Update

Postby te_fern » Thu May 17, 2018 10:50 am

Walking along the R1 pivot....
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Re: 05/17/2018 Live Update

Postby fehro » Thu May 17, 2018 10:51 am

fehro wrote:
fehro wrote:
fehro wrote:SPX resistance.. .. seems it wants to fill that gap, and tag white line
nibble small short here at 2726.. not ideal


:roll: out gap fill next white


try again at white :roll: 2730.50


still a tad iffy here..lower white.. target..
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Screen Shot 2018-05-17 at 7.49.04 AM.png
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Re: 05/17/2018 Live Update

Postby Trades with cats » Thu May 17, 2018 10:59 am

This ES 2730 has been a very important level for some time. The Elliot Wave counters have been labeling this area as the reset for a return to bull counts. Current action ties in nicely with House of Morgan's forecast that the market has one more bull rally this summer before rolling over for good. Or not.
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Re: 05/17/2018 Live Update

Postby daytradingES » Thu May 17, 2018 11:00 am

te_fern wrote:Walking along the R1 pivot....

Yes.
So R1 to S1 main trade of the day done?
Good trading to all
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Re: 05/17/2018 Live Update

Postby Trades with cats » Thu May 17, 2018 11:04 am

Just a reminder of last week when they whipsawed the markets up on big low volume moves followed by a couple of days of selling.
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Re: 05/17/2018 Live Update

Postby daytradingES » Thu May 17, 2018 11:05 am

Trades with cats wrote:This ES 2730 has been a very important level for some time. The Elliot Wave counters have been labeling this area as the reset for a return to bull counts. Current action ties in nicely with House of Morgan's forecast that the market has one more bull rally this summer before rolling over for good. Or not.


For a day trader the
"House of Morgan's forecast that the market has one more bull rally this summer before rolling over for good."
is about as useful as .... screen door on a submarine...

I would be interested of the House of Cards would post an accurate HOD and LOD and which of the two was first, before 8:30CT open.

Then I might listen :LOL
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Re: 05/17/2018 Live Update

Postby te_fern » Thu May 17, 2018 11:17 am

Rolling over, will the VWAP or the MA lines catch it????
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Re: 05/17/2018 Live Update

Postby daytradingES » Thu May 17, 2018 11:18 am

I tried an IB pivot point study and got R1 of 2732.75
Anyone know what study (type of pivot study) this is?
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Re: 05/17/2018 Live Update

Postby fehro » Thu May 17, 2018 11:19 am

fehro wrote:
fehro wrote:
try again at white :roll: 2730.50


still a tad iffy here..lower white.. target..


Iffy becoming "possibly" doable :roll: :lol:
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Screen Shot 2018-05-17 at 8.18.32 AM.png
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Re: 05/17/2018 Live Update

Postby te_fern » Thu May 17, 2018 11:23 am

daytradingES wrote:I tried an IB pivot point study and got R1 of 2732.75
Anyone know what study (type of pivot study) this is?


Nope! :D
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Re: 05/17/2018 Live Update

Postby fehro » Thu May 17, 2018 11:36 am

TRANSports.. brick wall :roll:
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Re: 05/17/2018 Live Update

Postby Al_Dente » Thu May 17, 2018 11:42 am

Rob Hanna
Is The Russell Breakout Likely To Spark A Rally In The SPX?
http://quantifiableedges.com/is-the-rus ... n-the-spx/
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Re: 05/17/2018 Live Update

Postby Al_Dente » Thu May 17, 2018 11:45 am

SAVE FOR LATER
posted 4/11/18
Whale Jim Rogers is always worth a read
[spoiler alert: bear longer term because of debt, etc.]
http://www.etf.com/sections/features-an ... nopaging=1
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