06/21/2018 Live Update

[Al_Dente]

dow down 8 straight days
haven’t seen that since 1978
[blmbrg]

[MrMiyagi]

QQQ 30-min 20ema at the line, above $176.90 we may have a winner.

Ahhh nope, didn't happen. All other timeframes made it above the 20ema except the 15-min (I had put in 30 min by mistake earlier).

[Trades with cats]

That last top was just textbook. Move up after the Euro zone closed to teach the day traders that you can't sell every range top. Moves up and peaks on the biggest volume spike of the day in the emptiest part of the day's volume profile.
Wicked Renko 2 tick bricks with zero lag oscillator, Divergence spotter using Divergence Oscillator, Cumulative orderflow delta, and finally buy sell volume where the bars are stacked.
Mid point and VWAP dash dot lines, Super Trend dots and lines stop, Zig Zag and Cam's Volume Profile.

[Al_Dente]

Time Magazine's next cover
not a joke, true story, no LOL

[te_fern]

Needs to work its way back up thru VWAP or I'll be stopped out...

[Al_Dente]

four hours ago
update on China tariffs
https://www.reuters.com/article/us-usa- ... SKBN1JH0KZ

[Cobra]

this is the 2nd test of the day low so before a decisive new low, anytime a sharp rebound would mean possible trend reversal. I'm waiting for the setup.

[Al_Dente]

potus live now

[rajesht]

It still has to visit sub 2740 based on hollow red bar a couple of day ago as you said

[cletus]

this is the 2nd test of the day low so before a decisive new low, anytime a sharp rebound would mean possible trend reversal. I'm waiting for the setup.

The market won't reverse and close green today. That's my guess. Needs another leg down of scale. That leg could happen today or tomorrow. I still assume the 2736 low will be tested, or should assume so to prevent a bad long.

[Al_Dente]

.......

[cletus]

This is a guidebook for anyone interested in GENERALITIES for the best times of day to be long or short S&P futures based on the last year backtesting. Today has demonstrated it perfectly.

In EST

9:30 AM to 11:00 AM - Weak market period, shorts preferred
11:00 AM to 2:00 PM - Strong market period, longs preferred
2:00 PM to 3:40 PM - Weak market period, shorts preferred
3:40 PM to 9:30 AM the next day - Strong market period, longs preferred

in PST

6:30 AM to 8:00 AM - Weak market period, shorts preferred
8:00 AM to 11:00 AM - Strong market period, longs preferred
11:00 AM to 12:40 PM - Weak market period, shorts preferred
12:40 PM to 6:30 AM the next day - Strong market period, longs preferred

[rajesht]

Traders often drive the market up ( when down on open) to let retailers think its up all day and then dump after they have come back from their liquid lunch. Todays movement is very familier.

[Cobra]

you see signal bar got stronger and stronger, so maybe the current signal bar is good for a scalp at least. just maybe, I don't want anybody to risk because trading reversal usually has only 34% successful rate.

[cletus]

you see signal bar got stronger and stronger, so maybe the current signal bar is good for a scalp at least. just maybe, I don't want anybody to risk because trading reversal usually has only 34% successful rate.

Guessing lower high before another leg down between 1 PM and 3:30 PM per backtesting timeframes - you don't really want to be long after 2 PM.

[Al_Dente]

will OPEC boost output?
"probably"
tomorrow
is a boost already priced in?

[Al_Dente]

inverted volatility favors down market, lower lows, at least very-short-term
60min chart

[Cobra]

for now, up is a little more likely.

[crawford glissadevil]

What does it mean when the Dow goes down for the 8th strait day, the day after the NDX makes an All Time High?
I'm pretty sure that's never happened before.

[fehro]

triangle..LOD goes /aka 20d SMA .. look out below