09/26/2018 Live Update

[Cobra]

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no idea up or down from here. Roller coaster show at 2 pm today so no trade, just watch.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/09 ... ay-update/

[te_fern]

Down trendline from yesterday, the SPX is working to break thru....

[te_fern]

TICKs are below their MA lines from yesterday, looks like their trying to turn up this morning....

[te_fern]

Is there supposed to be a presser after the rate announcement today?

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2018/09 ... ay-update/

[Al_Dente]

Is there supposed to be a presser after the rate announcement today?

YES
https://tradingeconomics.com/united-states/calendar

[QED]

Is there supposed to be a presser after the rate announcement today?

YES
https://tradingeconomics.com/united-states/calendar

This is the calendar that I use:

https://www.forexfactory.com/calendar.php

.

[Cobra]

maybe it's range high here.

[te_fern]

Is there supposed to be a presser after the rate announcement today?

YES
https://tradingeconomics.com/united-states/calendar

This is the calendar that I use:

https://www.forexfactory.com/calendar.php

.

Thank you Pasta Boss and QED!

[te_fern]

Made it to yesterday's high, see how much of a pullback we get. Sitting on my hands today...

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2018/09 ... ay-update/

[Cobra]

Generally the current pullback should be bought but I'm not sure it's a trend day or range day. FOMC at 2 pm, so no trade anyway.

[te_fern]

Pushing back to the high of the day.....

[Al_Dente]

SMALLS
Head & Shoulders
OR
Inverse Head & Shoulders
Neither confirmed yet
5min

[te_fern]

Acting kinda bullish before the FOMC announcement....

[Cobra]

testing yesterday's high, may pullback here first but this bull may still have a small leg at least.

[Al_Dente]

Rate hike as expected
0.25

[Cobra]

show time. the 1st reaction usually is the real direction, it just needs a reversal and then another reversal back.

[Daniel]

Price on SPY and QQQ staying w/in the first wide-range 5min bar... perhaps showing signs of the first reversal...