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Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 10:54 am
by fehro
fehro wrote:
fehro wrote:mind yGAPs on all indexes.. look for possible fills



buckle up .. IWM ugly…. look out below.. could get a very nasty reversal today indexes

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 11:09 am
by fehro
fehro wrote:
fehro wrote:
fehro wrote:mind yGAPs on all indexes.. look for possible fills



buckle up .. IWM ugly…. look out below.. could get a very nasty reversal today indexes

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 11:42 am
by fehro
minor H&S possible .. should we stall and fill morning gap

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 11:42 am
by Trades with cats
ES 09-18 (5 Minute) 2018_07_10 (9_29_51 AM).png

Clearly still lots of bets that this multi-day short squeeze (if that is what it is) has pretty much run out of juice. :o

Those yellow dots at the overnight high are an indicator called the D3 divergence spotter. I run it looking for price divergence to a little used indicator called the Divergence Oscillator developed by Candice Brown a decade or so ago as part of an effort to get to an automatic Elliot Wave system. Her oscillator manipulates and smooths a couple of EMA's. I am running it in the same panel as the DI as it gives pretty similar results. My only issue is when the +and - DI's snake dance above 15 (chop) the DO doesn't show the chop.

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 11:43 am
by fehro
fehro wrote:minor H&S possible .. should we stall and fill morning gap


trying to hold mid June highs..

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 11:53 am
by Cobra

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 12:04 pm
by Trades with cats
ES 09-18 (2000 Tick) 2018_07_10 (9_55_20 AM).png

This is the 2000 tick chart I am using to learn price action. The indicators are training wheels. Maybe someday I will be in the peloton on price action like Cobra but not yet :)
Looking like the usual pattern of drifting higher after the euro zone close. Will see what happens in the power hour.

Wondering if the market is being helped by the Administration's panic over what their Iran oil sanctions are doing to gas prices ? Sec State clearly walking it back today.

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 12:13 pm
by Wallstreetrader
this is the fed guys they will not give up !

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 12:27 pm
by Trades with cats
Oil pro's now predicting that success (Iran exports at zero) will raise prices by $50.00 barrel with Saudi pumping full out. Sounds like a win win for Saudi and a pheric victory for the US.

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 12:47 pm
by fehro
fehro wrote:
fehro wrote:
fehro wrote:
fehro wrote:mind yGAPs on all indexes.. look for possible fills



buckle up .. IWM ugly…. look out below.. could get a very nasty reversal today indexes

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 1:03 pm
by fehro
Trades with cats wrote:Oil pro's now predicting that success (Iran exports at zero) will raise prices by $50.00 barrel with Saudi pumping full out. Sounds like a win win for Saudi and a pheric victory for the US.

mind the diamond top.. weekly bearish rising wedge.. stalls in this zone takes out May highs.. then got some downside potential

PostPosted: Tue Jul 10, 2018 1:03 pm
by MrMiyagi
COME ON DAMMIT WE NEED MORE POWER!!!!

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 1:26 pm
by Trades with cats
Oil- it is summer drive season. Up next gulf hurricanes causing the platforms to shut down, tankers to shelter out at sea and refinery managers to get nervous. Worse yet we will soon see how the vacation season is going in all those new four door pickup trucks. Hedge funds (according to twitter) are all ready going short the December contract. As I posted earlier Sec State is walking back sanctions on Iran. This could get interesting as Ferho's charts show.

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 1:28 pm
by Al_Dente
Rob Hanna on QQQ
"What 3 Days Of Strong NASDAQ Breadth Suggests For Today"
[spoiler: downside edge]
http://quantifiableedges.com/what-3-day ... for-today/

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 1:31 pm
by fehro
fehro wrote:minor H&S possible .. should we stall and fill morning gap

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 1:37 pm
by fehro
RUT outside reversal.. VIX goes green

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 1:37 pm
by Al_Dente
Smalls needs Poncho’s help:
https://www.youtube.com/watch?v=GT3HuQY9p74

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 1:41 pm
by Cobra
double top text book target. not sure as it's testing the day low, if it's a range day then should be a rebound here.

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 1:43 pm
by rpccharts
WWW OPEX ROLL Tomorrow

Solar Eclipse/ New Moon Thursday

Banks EPS Friday

Re: 07/10/2018 Live Update

PostPosted: Tue Jul 10, 2018 1:48 pm
by fehro
fehro wrote:
buckle up .. IWM ugly…. look out below.. could get a very nasty reversal today indexes