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05/23/2018 Live Update

05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 9:24 am

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I see a range. The last 5 hourly bars can now be seen as a bear flag, so maybe the pullback isn't over. It may test the range low which if decisively break it, then the chart would be ugly (double top instead of range), so key time.
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Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 9:27 am

SPX 20d/50d 2688/2675 look to possible tags.. mind the gaps
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Screen Shot 2018-05-23 at 6.25.42 AM.png
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Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 9:33 am

the open.

usually rebound first when gap down so wait for the rebound to finish first then we'll see. I have no intention to trade today unless it turns out to be a trend day. We'll know in couple of hours.
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Re: 05/23/2018 Live Update

Postby 1der » Wed May 23, 2018 9:33 am

SPY Pbar - Nothing new overnight.

We gapped down over the 271.93 PBar so I have left it Blue - untagged?? In play below is 269.70 and 266.93 (not showing on this chart)
Remember gold Lines are previously tagged PBars. Interesting to me how they remain price levels of "interest / congestioin"

SPY 052318_01.jpg
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Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 9:38 am


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Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 9:38 am

not pretty… possible 10day ish islands… SPX /NDX/ COMPQ
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Re: 05/23/2018 Live Update

Postby Trades with cats » Wed May 23, 2018 9:40 am

ES 06-18 (15 Minute) 2018_05_23.png
Mind the Gap

I have extended the point of control-maroon line- for clarity on this 15 minute regular hour look at the action since this move started, thanks for the idea to FT71 who was on a major rant today about how to do what he does, worth watching when you have 30 minutes.
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Re: 05/23/2018 Live Update

Postby user13 » Wed May 23, 2018 9:41 am

Cobra wrote:the open.

usually rebound first when gap down so wait for the rebound to finish first then we'll see. I have no intention to trade today unless it turns out to be a trend day. We'll know in couple of hours.


Why no intention to trade?
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Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 9:42 am

SPX
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Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 9:50 am

Resistance. add some SPY P lottos Fri Exp to /ES short position from y
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Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 9:55 am

DXY testing last HOW.. 94.06 over it look to 94.21/95.15 .. /GC slipping bear flag daily critical level for gold is 100w/20month SMA 1275/70 that goes look out below.
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Re: 05/23/2018 Live Update

Postby te_fern » Wed May 23, 2018 10:00 am

This morning TICK seems to be oversold, needs to get back to the MA lines.....
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Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 10:03 am

AAPL .. fwiw… that USdollar keeps climbing.. with Xaomi .. starting to eat some of AAPL's pie.. its only a matter of time

https://www.androidheadlines.com/2018/05/xiaomi-becomes-4th-largest-smartphone-oem-in-the-world-sa.html
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Re: 05/23/2018 Live Update

Postby Al_Dente » Wed May 23, 2018 10:05 am

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Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 10:07 am


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Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 10:08 am

it's morning hourly hollow red. the implication is on the top left of the chart itself.
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Re: 05/23/2018 Live Update

Postby Trades with cats » Wed May 23, 2018 10:09 am

Have retaken Asian session low, so all of European time zone selling reversed. Significant because overnight volume was double the normal.
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Re: 05/23/2018 Live Update

Postby te_fern » Wed May 23, 2018 10:10 am

See if we can close the gap this morning....
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Re: 05/23/2018 Live Update

Postby Trades with cats » Wed May 23, 2018 10:11 am

ES 06-18 (2000 Tick) 2018_05_23.png

2000 tick Globex hours.
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Re: 05/23/2018 Live Update

Postby Al_Dente » Wed May 23, 2018 10:14 am

15min smalls
Higher lows broke to LOWER LOW yesterday. With any luck, the BTFD crowd will take a nap for a day or two, allowing the bears to sell the pops, but best be on edge for anything resembling another higher low and/or a squeeze, ESPECIALLY BE ON WATCH FOR 2:00 ET FOMC

[old post from 5/21]
unless cured soon, that momentum divergence on smalls often plays out with a little pullback within a day or two


523lower low.png.png
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