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08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 9:24 am
by Cobra
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no idea up or down from here. the pullback eventually should be bought somewhere though.

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 9:27 am
by Cobra

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 9:44 am
by Trades with cats
ES 09-18 (2000 Tick) 2018_08_08 (7_40_56 AM).png

IUf you were wondering why it didn't get back to yesterday's close, look at the sellers placing orders.

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 9:55 am
by te_fern
TICKs started the day off negative and are trending down....

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 10:01 am
by Cobra

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 10:26 am
by te_fern
Bios getting hit pretty hard this morning....

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 10:30 am
by Trades with cats
The wave counters are waiting for some signals.

Coolbiz1 this AM
Last night after the close-SPX this leg up for Minor 3 may have a ST peak at 2869-2889, a pullback for a Minor 4 after. @2858.45 close. Nice leg up from 2691.99 low on June 28th just 19 trading days ago 171 points so far (high of 2863.43), with shallow corrections.

This morning after the open-SPX low at 2854, If this correction is for a Minor 4 now than it will go deeper yet? Or it may see another high towards 2868+ first and than start Wave 4 correction, TBD

Pretzel Logic this am- “DO OR DIE” TERRITORY FOR THE BEARS. Waiting for the market to tell us.

:)

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 10:42 am
by fehro
RUT not happy.. mind the downside indexes.. /CL getting smacked.. nears 2.5yr uptrend.. <20w breaks.. oil measure moved minus $20.00.. no not a typo twenty Bucks lower

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 10:51 am
by Trades with cats
ES 09-18 (2000 Tick) 2018_08_08 (8_47_24 AM).png

Just when I thought I could draw a trend line along comes today!
Those three big red circles defining the low are about 2,000 contracts each. And there are still more standing buy orders just below.

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 10:56 am
by Cobra
guess the range low was in.

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 10:59 am
by Trades with cats
Finally Goldman's buy back desk gets to work :lol: :lol: :lol:
Yesterday's close looks like major resistance.

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 11:14 am
by te_fern
TICKs are starting to move higher toward their MA lines....

PostPosted: Wed Aug 08, 2018 11:54 am
by MrMiyagi
Market feels a little tired of trying to make new highs/break double-tops every day. I hope the reset will be weak and shallow.

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 12:06 pm
by Cobra

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 12:09 pm
by Cobra
it's a vacuum down to the range low which for now assume day low.

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 1:13 pm
by Cobra
maybe it's a triangle which means continuation but in reality more likely a reversal.

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 1:24 pm
by QED
.
Good to know …

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Wait ... What?

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https://www.youtube.com/watch?v=OjYoNL4g5Vg

.

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 1:44 pm
by te_fern
QQQ's still lagging the big board...

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 1:51 pm
by te_fern
Head fake on this little breakout? We'll see.....

Re: 08/08/2018 Live Update

PostPosted: Wed Aug 08, 2018 2:17 pm
by Cobra
so far fits in a triangle.