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06/29/2018 Live Update

te_fern
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Re: 06/29/2018 Live Update

Post by te_fern »

Got a little bounce, but there always seems to be something in the way!!
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Cobra
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Re: 06/29/2018 Live Update

Post by Cobra »

possible h3 long because the signal bar got stronger. I've discussed this in the Market Recap.
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Trades with cats
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Re: 06/29/2018 Live Update

Post by Trades with cats »

Good time to be neutral. Pretzel Logic posted this morning in the public area that SPX is at an inflection zone where it could stage one last up move before the dreaded C wave down.
te_fern
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Re: 06/29/2018 Live Update

Post by te_fern »

Was the little peak over a bull trap????
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Trades with cats
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Re: 06/29/2018 Live Update

Post by Trades with cats »

Looks like we are into a support zone.
Still I would think chop around for a bit until everybody has left early then ramp it straight up on thin volume to trigger all those lovely stops above Wednesday's high and declare victory. Well that would be my game plan. :lol:
Daniel
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Re: 06/29/2018 Live Update

Post by Daniel »

UUP first hit 25 in January 2015, after many years of being well below this level.

Currently it is once again at 25. Marking 3.5 years of sweet peace, prosperity, and tranquillity. Dollar stability, all is well, all is well.
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Cobra
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Re: 06/29/2018 Live Update

Post by Cobra »

failed h3 long (not enough for mini 1x target). now vol surge, hopefully a rebound here first then we'll see.
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Al_Dente
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Re: 06/29/2018 Live Update

Post by Al_Dente »

Bulls May Have A Short-Term Edge
Rob Hanna
http://quantifiableedges.com/this-2-day ... term-edge/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
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Re: 06/29/2018 Live Update

Post by fehro »

SPX mind the minor h&S weak bounce here.. look to gap fill IWM and Qs already nLOD into morning gaps
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fehro
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Re: 06/29/2018 Live Update

Post by fehro »

not the a fuzzy bullish feeling with these moves… rapid rises fomo rallies.. then dumped :roll:
getting even steeper :shock: :? .. not good
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Daniel
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Re: 06/29/2018 Live Update

Post by Daniel »

Al_Dente wrote:Bulls May Have A Short-Term Edge - Rob Hanna
http://quantifiableedges.com/this-2-day ... term-edge/
Indeed another excellent study by Mr. Hanna.
We should also keep in mind that, independent of this pattern-based study, there is the usual seasonal bullishness of early July.
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Al_Dente
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Re: 06/29/2018 Live Update

Post by Al_Dente »

a double bottom can be a strong trampoline, but not when it’s really a lower low
(the most pronounced lower low is SMH, the gray on the bottom panel)
if you want to be sloppy, let’s call the SPX a sloppy box
it is what it is
i need more “proof”
5min
629five.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
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Re: 06/29/2018 Live Update

Post by Trades with cats »

maybe the high speed algos got infected with Stuxnet virus and it keeps changing the speed? ;)

Realistically I would not want to be a broker sitting down with "traditional" clients and having to explain the slow patch their accounts have been in, especially if they peak at a chart before the "big meeting". Say this having had some brief but enlightening conversations with friends that don't usually discuss money with me.
Trades with cats
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Re: 06/29/2018 Live Update

Post by Trades with cats »

ES 09-18 (2000 Tick) 2018_06_29 (11_49_03 AM).png
Can't clearly see the resting buy orders under the volume profile, but they are picking up. They need to be if you look at the bid ask delta (bottom box) it is almost back to 0. If they are going to squeeze this into a new weekly high they really need to get going before long.
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Al_Dente
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Re: 06/29/2018 Live Update

Post by Al_Dente »

best performer in the dow today
NKE
best performer in the OEX-100 large caps
NKE
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Al_Dente
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Re: 06/29/2018 Live Update

Post by Al_Dente »

second best performer in the OEX today
WFC
:roll: :roll:
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Al_Dente
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Re: 06/29/2018 Live Update

Post by Al_Dente »

fidelity orders:
629fidel.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
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Re: 06/29/2018 Live Update

Post by fehro »

fehro wrote:SPX mind the minor h&S weak bounce here.. look to gap fill IWM and Qs already nLOD into morning gaps
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fehro
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Re: 06/29/2018 Live Update

Post by fehro »

close will be of interest
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Cobra
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Re: 06/29/2018 Live Update

Post by Cobra »

this line has been the resistance for most of the day. let's see if it can hold another test.
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