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05/23/2018 Live Update

PostPosted: Wed May 23, 2018 9:24 am
by Cobra
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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.

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 9:27 am
by fehro
SPX 20d/50d 2688/2675 look to possible tags.. mind the gaps

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 9:33 am
by Cobra
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.

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 9:33 am
by 1der
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

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 9:38 am
by Cobra

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 9:38 am
by fehro
not pretty… possible 10day ish islands… SPX /NDX/ COMPQ

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 9:40 am
by Trades with cats
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.

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 9:41 am
by user13
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?

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 9:42 am
by fehro
SPX

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 9:50 am
by fehro
Resistance. add some SPY P lottos Fri Exp to /ES short position from y

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 9:55 am
by fehro
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.

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 10:00 am
by te_fern
This morning TICK seems to be oversold, needs to get back to the MA lines.....

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 10:03 am
by fehro
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

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 10:05 am
by Al_Dente

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 10:07 am
by Cobra

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 10:08 am
by Cobra
it's morning hourly hollow red. the implication is on the top left of the chart itself.

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 10:09 am
by Trades with cats
Have retaken Asian session low, so all of European time zone selling reversed. Significant because overnight volume was double the normal.

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 10:10 am
by te_fern
See if we can close the gap this morning....

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 10:11 am
by Trades with cats
ES 06-18 (2000 Tick) 2018_05_23.png

2000 tick Globex hours.

Re: 05/23/2018 Live Update

PostPosted: Wed May 23, 2018 10:14 am
by Al_Dente
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