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06/18/2018 Live Update

Trades with cats
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Re: 06/18/2018 Live Update

Post by Trades with cats »

Quoting Coolbizone:
from Friday- This bullish move needs to cross 2787 and close above for confirmation on Monday at 2777.52 now. High today was 2782.81.
SPX at 2780.11 now, expect it to move to 2835-2873 next week or longer. 2761.73 should not be breached. Enjoy the ride.....on your longs

On the other hand Pretzel says bulls need to exceed 2825 ish as this could still be a complex counter trend move setting up for a bigger drop.
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Re: 06/18/2018 Live Update

Post by Trades with cats »

Double top or not, waiting for it! We have seen this plan before in recent weeks, clear double top followed by a down afternoon so bulls need to open their wallets.
QED
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Re: 06/18/2018 Live Update

Post by QED »

“Give me a one-handed Economist. All my economists say 'on one hand ...', then 'but on the other ...”

―― Harry Truman
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Re: 06/18/2018 Live Update

Post by Trades with cats »

Yes that on the other hand is taught early. I have only had 4 semesters of Economics and yest I can use the phrase effortlessly. Especially as the last one I took was taught by a card carrying libertarian, gives you a second point of view on everything. :lol:
QED
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Re: 06/18/2018 Live Update

Post by QED »

:lol: :lol:
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Re: 06/18/2018 Live Update

Post by Trades with cats »

This possible double top is a real tease. :D
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MrMiyagi
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Post by MrMiyagi »

I'm guessing we sell during POWER HOUR, had all these chances to pop but being fat and lazy waiting for a cake.
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Cobra
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Re: 06/18/2018 Live Update

Post by Cobra »

the pullback indeed was bought. now let's see if bears can make double top here
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MrMiyagi
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Post by MrMiyagi »

Cobra wrote:the pullback indeed was bought. now let's see if bears can make double top here
DAMN BEARS.. DO SOMETHING COBRA
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Al_Dente
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Re: 06/18/2018 Live Update

Post by Al_Dente »

HAPPY HOUR
Image
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 06/18/2018 Live Update

Post by Cobra »


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Re: 06/18/2018 Live Update

Post by Wallstreetrader »

Bull Market Simple !
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Cobra
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Re: 06/18/2018 Live Update

Post by Cobra »


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Re: 06/18/2018 Live Update

Post by Cobra »

well, guess that's it for today. Tuesday tomorrow has been mixed recently. thank you guys, I'll see you in another thread soon.

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Re: 06/18/2018 Live Update

Post by Trades with cats »

ES 09-18 (2 Minute) 2018_06_18.png
10 day view of the 2 minute. I extended the Point of control over to the right side. Tomorrow really needs to be up, as last week was not good volume and this thing is looking kinda like a rounded top to me. :)
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Re: 06/18/2018 Live Update

Post by Wallstreetrader »

Bears got hamered again :ugeek:
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Re: 06/18/2018 Live Update

Post by fehro »

buckle up.. this level goes… look for a -40point drop overnight

Just minutes after the US Senate passed its ZTE-Deal-killing amended-bill, President Trump hit China with a potential double whammy as he directed the U.S. Trade Representative to identify $200 billion worth of China goods for additional 10% tariffs.

https://www.zerohedge.com/news/2018-06- ... iffs-china
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Screen Shot 2018-06-18 at 5.06.15 PM.png
fehro
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Re: 06/18/2018 Live Update

Post by fehro »

fehro wrote:buckle up.. this level goes… look for a -40point drop overnight

Just minutes after the US Senate passed its ZTE-Deal-killing amended-bill, President Trump hit China with a potential double whammy as he directed the U.S. Trade Representative to identify $200 billion worth of China goods for additional 10% tariffs.

https://www.zerohedge.com/news/2018-06- ... iffs-china
/ES finds support on May highs 2741/42 yellow line.. DXY dollar now starts to climb.. watch out gold.. under 1275/71 could drop VERY hard
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