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08/09/2018 Live Update

08/09/2018 Live Update

Postby Cobra » Thu Aug 09, 2018 9:22 am

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no idea up or down from here, so far looks like a bull flag.
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Re: 08/09/2018 Live Update

Postby Cobra » Thu Aug 09, 2018 9:25 am


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Re: 08/09/2018 Live Update

Postby fehro » Thu Aug 09, 2018 9:55 am

mind the downside, mind Tuesday's gap on SPY .. Bonds, VIXes green TRIN 2.00+
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Re: 08/09/2018 Live Update

Postby fehro » Thu Aug 09, 2018 9:56 am

mind the "possible" diamond SPX 15m red , bearish rising wedge pink fwiw
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Re: 08/09/2018 Live Update

Postby Cobra » Thu Aug 09, 2018 10:00 am


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Re: 08/09/2018 Live Update

Postby Trades with cats » Thu Aug 09, 2018 10:05 am

ES 09-18 (2000 Tick) 2018_08_09 (8_00_09 AM).png

Ugh, easy day to draw trendlines, but I can't even try for a two point scalp. Oh well, might as well enjoy the 106 degree heat today. At least humidity is up to 37%. :D
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Re: 08/09/2018 Live Update

Postby te_fern » Thu Aug 09, 2018 10:21 am

TICKs are positive this morning...
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Re: 08/09/2018 Live Update

Postby te_fern » Thu Aug 09, 2018 10:23 am

Smalls are doing well this morning....
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Re: 08/09/2018 Live Update

Postby te_fern » Thu Aug 09, 2018 10:25 am

Cobra's potential bull flag...
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Re: 08/09/2018 Live Update

Postby Trades with cats » Thu Aug 09, 2018 10:28 am

ES 09-18 (5 Min Volumetric) 2018_08_09 (8_24_28 AM).png

Volumetrick 5 minute bars showing what it took to break out. Boxes show ticks (trades) with dominate side colored. Yellow is max value for the bar Cyan and Magenta are trade imbalances.
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Re: 08/09/2018 Live Update

Postby Cobra » Thu Aug 09, 2018 10:46 am

so far looks like an uptrend day, I just find it hard to believe, no trade.
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Re: 08/09/2018 Live Update

Postby Al_Dente » Thu Aug 09, 2018 10:59 am

ATH on $SML
Not yet on $RUT, nor IWM
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Re: 08/09/2018 Live Update

Postby te_fern » Thu Aug 09, 2018 11:04 am

First attempt was a bull trap, still time....
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Re: 08/09/2018 Live Update

Postby Trades with cats » Thu Aug 09, 2018 11:09 am

ES 09-18 (5 Min Volumetric) 2018_08_09 (9_05_39 AM).png

The battle for 2862 continues. Worst part for bulls is the big band of resting orders is at 2864.

Comment from a paid writer earlier in the week on how calls were dirt cheep. Wondering if that is the emerging srategy for now. Sell the top and buy calls in case you were wrong.
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Re: 08/09/2018 Live Update

Postby te_fern » Thu Aug 09, 2018 11:11 am

Back in the channel for now...
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Re: 08/09/2018 Live Update

Postby Trades with cats » Thu Aug 09, 2018 11:29 am

10:30 buy program.

I have an 11 by 17 printer that I use at the end of the day to hard copy and preserve my poor performance, sort of like monks punishing their own flesh. :lol: Half of last week and certainly yesterday and today same deal, right around 10:30 eastern a buy program takes off. Just saying until things change adding no shorts around 10:30 to my list of commandments.
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Re: 08/09/2018 Live Update

Postby Trades with cats » Thu Aug 09, 2018 11:40 am

Last 7 five minute bars hugging VWAP and the EMA. With other markets going home maybe something will happen.
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Re: 08/09/2018 Live Update

Postby Trades with cats » Thu Aug 09, 2018 12:00 pm

ES 09-18 (5 Min Volumetric) 2018_08_09 (9_54_33 AM).png

Round dots ate trades of 30 contracts or more, FuturesTrader71's (more or less) definition of large traders. You can see how they kicked the sell off into gear. The other sign, to me, is the size of the bid ask delta bar. Clearly somebody wanted out now.

I note the standing buy order support stripe aat ES 2855 has been there all morning and is still there acting as support. :)
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Re: 08/09/2018 Live Update

Postby Cobra » Thu Aug 09, 2018 12:01 pm


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Re: 08/09/2018 Live Update

Postby Trades with cats » Thu Aug 09, 2018 12:10 pm

I added odd stats to my twitter feed. He is a retired econ prof. Today is day 180 from the Feb low. Since WWII or so on 8 occasions the S&P has had a 10% or greater correction that was not erased within 180 days. All 8 of those turned into full bear markets.

Te-ferns rounded top trend lines are very scary given that stat.
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