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Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 11:14 am
by fehro
stalls here and LOD goes.. buckle up .. look out below big time

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 11:17 am
by fehro
/ES yellow holds.. it goes.. look out below :roll: v2.0

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 11:19 am
by Daniel
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.

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 11:21 am
by Al_Dente
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

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 11:26 am
by fehro
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

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 11:31 am
by 1der
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

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 11:36 am
by fehro
TLT pushes 200w/50d SMA near her 119.14/.11 .. retest.. or trying to bottom of sorts

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 11:37 am
by Al_Dente
trump is supposed to speak re north korea (now or soon)
please post a link if u see it live, thanks

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 11:39 am
by Daniel
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.

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 11:41 am
by fehro
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:

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 11:48 am
by Al_Dente
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

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 11:58 am
by Al_Dente
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

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 12:01 pm
by fehro
pushing up mind cyan, white line next

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 12:02 pm
by fehro
bulls see invs H&S in there

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 12:06 pm
by Cobra

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 12:08 pm
by Al_Dente
dodd frank bla bla
see KRE and PSCF for reaction

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 12:10 pm
by Cobra
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.

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 12:16 pm
by Al_Dente
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............

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 12:18 pm
by fehro
:roll:

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 12:24 pm
by Al_Dente
AD visual
1min
524ad.png.png