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05/24/2018 Live Update

Re: 05/24/2018 Live Update

Postby fehro » Thu May 24, 2018 11:14 am

stalls here and LOD goes.. buckle up .. look out below big time
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Re: 05/24/2018 Live Update

Postby fehro » Thu May 24, 2018 11:17 am

/ES yellow holds.. it goes.. look out below :roll: v2.0
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Re: 05/24/2018 Live Update

Postby Daniel » Thu May 24, 2018 11:19 am

Cobra wrote:OK, now wait to see how the ema20 gets tested.

SPY is now above it, and the EMA itself is flattening and turning mildly upslope. However, QQQ is still struggling to get above its 5min 20ema.

15min timeframe, all three majors (SPY QQQ IWM) are still being rejected at their (downslope) 20 ema.
Last edited by Daniel on Thu May 24, 2018 11:23 am, edited 1 time in total.
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Re: 05/24/2018 Live Update

Postby Al_Dente » Thu May 24, 2018 11:21 am

Here’s my prob:
Lower low smalls price
But positive divergence on momentum (top panel)
That can be cured soon with a stronger momentum down
Otherwise it suggests a bounce is coming, soon, but could be 1+ days
[ps: below the SPX chart, u can’t see it here, is a similar pos diverge]
15m
524iwm diverg.png.png
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Re: 05/24/2018 Live Update

Postby fehro » Thu May 24, 2018 11:26 am

fehro wrote:stalls here and LOD goes.. buckle up .. look out below big time


congestion.. here.. still LOD goes.. will not be pretty at all
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Re: 05/24/2018 Live Update

Postby 1der » Thu May 24, 2018 11:31 am

fehro wrote:
fehro wrote:stalls here and LOD goes.. buckle up .. look out below big time


congestion.. here.. still LOD goes.. will not be pretty at all


Back at 271.93 PBar
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Re: 05/24/2018 Live Update

Postby fehro » Thu May 24, 2018 11:36 am

TLT pushes 200w/50d SMA near her 119.14/.11 .. retest.. or trying to bottom of sorts
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Re: 05/24/2018 Live Update

Postby Al_Dente » Thu May 24, 2018 11:37 am

trump is supposed to speak re north korea (now or soon)
please post a link if u see it live, thanks
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Re: 05/24/2018 Live Update

Postby Daniel » Thu May 24, 2018 11:39 am

IWM rebound has been the strongest, nearly went green, and is solidly above the 15min 20ema. SPY has been rejected several times at that level, QQQ is right AT it, as I post this.
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Re: 05/24/2018 Live Update

Postby fehro » Thu May 24, 2018 11:41 am

Al_Dente wrote:trump is supposed to speak re north korea (now or soon)
please post a link if u see it live, thanks


nice letter he wrote.. :lol: .. ah the art of negotiations .. bad cop good cop.. but in the end .. a deal will be made.. and both will look good :roll:
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Re: 05/24/2018 Live Update

Postby Al_Dente » Thu May 24, 2018 11:48 am

Al_Dente wrote:trump is supposed to speak re north korea (now or soon)
please post a link if u see it live, thanks

live here any minute
https://www.bloomberg.com/LIVE
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Re: 05/24/2018 Live Update

Postby Al_Dente » Thu May 24, 2018 11:58 am

Classic squeeze
Perfect squeeze
Each 5min bar higher than the last; pauses don’t break below the last candle
It should relax or exhaust soon………
5min
524squeeze.png.png
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Re: 05/24/2018 Live Update

Postby fehro » Thu May 24, 2018 12:01 pm

pushing up mind cyan, white line next
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Re: 05/24/2018 Live Update

Postby fehro » Thu May 24, 2018 12:02 pm

bulls see invs H&S in there
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Re: 05/24/2018 Live Update

Postby Cobra » Thu May 24, 2018 12:06 pm


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Re: 05/24/2018 Live Update

Postby Al_Dente » Thu May 24, 2018 12:08 pm

dodd frank bla bla
see KRE and PSCF for reaction
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Re: 05/24/2018 Live Update

Postby Cobra » Thu May 24, 2018 12:10 pm

Now we know it's a range day instead of a downtrend day. The question is where is the range high? My guess is probably not far if not already in because I see 3 push up now (red arrows).

By the way, another example is you have to guess to short (earlier), it's usually too late to short when the trend is clear, at least don't trust the breakdown which makes short more difficult because it means no short and hold therefore no good risk reward.
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Re: 05/24/2018 Live Update

Postby Al_Dente » Thu May 24, 2018 12:16 pm

Al_Dente wrote:
Al_Dente wrote:NY declining stocks = 1.9 x advancing stocks
NY declining volume = 2.2 x advancing volume
BEAR
These numbers need to stay above 1.7 and get stronger, for bear to continue

NY declining stocks = 1.6 x advancing stocks (no, no, no, that means narrow-based selling…)
NY declining volume = 2.3 x advancing volume (… on healthy red volume)

NY declining stocks = 1.5 x advancing stocks
NY declining volume = 1.1 x advancing volume
bears gave it back............... AGAIN............
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Re: 05/24/2018 Live Update

Postby fehro » Thu May 24, 2018 12:18 pm

:roll:
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Re: 05/24/2018 Live Update

Postby Al_Dente » Thu May 24, 2018 12:24 pm

AD visual
1min
524ad.png.png
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