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07/10/2018 Live Update

Trades with cats
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Re: 07/10/2018 Live Update

Post by Trades with cats »

Selling picking up with volume as we reach yesterday's trading range.
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Cobra
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Re: 07/10/2018 Live Update

Post by Cobra »

another example of broke something then sharp rebound. anyway, need exceed mini target first.
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QED
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Re: 07/10/2018 Live Update

Post by QED »

"Pyrrhic"
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Re: 07/10/2018 Live Update

Post by Trades with cats »

Thank-you. Not a chance of spelling that on my own.
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Re: 07/10/2018 Live Update

Post by Trades with cats »

ES at VWAP. We lingered here before the drop.
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Re: 07/10/2018 Live Update

Post by rpccharts »

ES showing signs of running out of steam by setting a double top at 2797 with a divergence, and any move into the 2800s with divergence holding would be more evidence of it.
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Re: 07/10/2018 Live Update

Post by rpccharts »

ES 2808 my Harmonic Target on 120 Minute
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Re: 07/10/2018 Live Update

Post by rpccharts »

JOBS BULL
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Re: 07/10/2018 Live Update

Post by rpccharts »

Lets slowly curl up to that 2808 ES
QED
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Re: 07/10/2018 Live Update

Post by QED »

1der wrote:
cletus wrote:Some bulls are talking 3000 for this next leg up. I concur.
How are you positioned for this move? What was your entry? What level would you look to as a stop? What action would have you reconsider that the market would not be on the path to 3,000? What would an expected pullback look like? "This next leg up" suggests relatively direct?
What chart patterns/study are you using to base your opinion?
My best guess is that cletus is referencing that we are in a Elliott Wave 4 triangle drawn from January 2018 high and February 2018 low.
Triangles are usually the penultimate wave, so after this finishes, expect a "Wave 5" up. :ugeek:

.
QED
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Re: 07/10/2018 Live Update

Post by QED »

Trades with cats wrote:Thank-you. Not a chance of spelling that on my own.
:roll: :lol:
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Re: 07/10/2018 Live Update

Post by Trades with cats »

ES 2806 on up to ES 2825 range has many technical forecasts as the gate that must open to unlock new highs. You know the big trading houses will be taking advantage of that. The way a matador uses his cape. Not saying won't happen but they will extract some tolls if the market goes that way.

Everyone saw that Uncle Warren is allowing his options to run off after making almost 4 billion betting the market would not go down after the crisis.
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Re: 07/10/2018 Live Update

Post by Trades with cats »

Elliot wave counter I follow on twitter confirming the bullish excitement.
from Coolbiz July 9th
LT targets from Feb 2018 are still valid 2915-2950-3050. 2691.99 should not be breached on touch basis Or this will delay further the bullish Wave Structure.

SPX needs to close above 2791.47 (June 13th high) and after cross 2801.90 (March 13th high) for final confirmation towards new ATH. At 2780 now.
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Cobra
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Re: 07/10/2018 Live Update

Post by Cobra »

target day high, now we know it's just a range.
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Re: 07/10/2018 Live Update

Post by rpccharts »

ES 2808 Harmonic I did at lunch or so

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fehro
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Re: 07/10/2018 Live Update

Post by fehro »

fehro wrote:
fehro wrote:minor H&S possible .. should we stall and fill morning gap
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Re: 07/10/2018 Live Update

Post by Trades with cats »

ES 09-18 (5 Minute) 2018_07_10 (12_50_53 PM).png
Hugging VWAP (dash dot line) with lots of standing sell orders to clear if 2800 ES is today's goal.
My pure guess is this is a rest day and 'they' will try again tonight for yet another gap and go tomorrow.
If this has just been yet another squeeze move on lower volume summer holiday trading, well then this is it and Yogi and BooBoo will soon get a picnic basket. :D
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Al_Dente
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Re: 07/10/2018 Live Update

Post by Al_Dente »

HAPPY HOUR
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Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 07/10/2018 Live Update

Post by Al_Dente »

EARNINGS SEASON ACCELERATES ON FRIDAY:
7/13: C, JPM, WFC, before the open
7/16: BAC before the open…. NFLX after the close
7/17: GS, SCHW, JNJ, UNH before the open
7/18: MS, USB before the open…. AXP, EBAY, IBM after the close
7/19: MSFT after the close
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 07/10/2018 Live Update

Post by Trades with cats »

2 page evening read. Thinking Theranos, and others.
http://thereformedbroker.com/2018/07/09 ... um=twitter
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