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10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 9:23 am
by Cobra
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generally the rebound would be sold, generally.

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 9:28 am
by Cobra

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 9:33 am
by BullBear52x
overnight W should help the bulls out a little today

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 9:47 am
by brokebybernacke2
BullBear52x wrote:overnight W should help the bulls out a little today


got lots of P bars up to spy 280 level , but this down move aint over, roller coaster time has begun!

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 9:58 am
by BullBear52x
brokebybernacke2 wrote:
BullBear52x wrote:overnight W should help the bulls out a little today


got lots of P bars up to spy 280 level , but this down move aint over, roller coaster time has begun!

SPX 2833 = 38.2% fib
it is likely, today will tell if intraday rebound holds.

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 10:02 am
by Cobra

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 10:05 am
by brokebybernacke2
BullBear52x wrote:
brokebybernacke2 wrote:
BullBear52x wrote:overnight W should help the bulls out a little today


got lots of P bars up to spy 280 level , but this down move aint over, roller coaster time has begun!

SPX 2833 = 38.2% fib
it is likely, today will tell if intraday rebound holds.


looks good to me , however, also watching the 279.50 spy level as a possible risk zone..still dont see great jump in signals confirming this move up, yet..bulls recently suckered on short retraces
too many looking for the big bounce soon, i really like the 2700 level sp for a strong bounce. let's see where she wants to turn.

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 10:15 am
by brokebybernacke2
brokebybernacke2 wrote:
BullBear52x wrote:
brokebybernacke2 wrote:
BullBear52x wrote:overnight W should help the bulls out a little today


got lots of P bars up to spy 280 level , but this down move aint over, roller coaster time has begun!

SPX 2833 = 38.2% fib
it is likely, today will tell if intraday rebound holds.


looks good to me , however, also watching the 279.50 spy level as a possible risk zone..still dont see great jump in signals confirming this move up, yet..bulls recently suckered on short retraces
too many looking for the big bounce soon, i really like the 2700 level sp for a strong bounce. let's see where she wants to turn.


reasoning, follow smallies lead, they only bounced on daily 200 for a day or 2 before plowing thru it with gusto. sp 2766 daily/2442 weekly 200 ma levels . piercing and then reversing to save the weekly candle is my preferred scenario. 2700ish level support would do trick, if there is one to be played...

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 10:19 am
by Cobra
it's morning hourly hollow red.

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 10:23 am
by BullBear52x
I am still waiting for counter trend setup, nothing yet.

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 10:30 am
by BullBear52x
Got a buy now for counter trend setup, rip will be sold tho

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 10:31 am
by brokebybernacke2
BullBear52x wrote:I am still waiting for counter trend setup, nothing yet.


not happening, yet... all about the 10 year auction today, right now looking very weak, still early, but terrible auction would give us a stomach churner imo that could set up the bounce. imho

PostPosted: Thu Oct 11, 2018 10:31 am
by MrMiyagi
Plenty of jitterrs around and early profit-taking. NYMO hit -88.10 at the opening drop, now at -79 and slightly positive on the day. SPX still in red-mode.

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 10:36 am
by alphahorn
What happens next will be interesting. Have we seen an ending diagonal to conclude the bull market, or a leading diagonal for minor wave 1 of intermediate wave (5) of primary wave [5] of the bull market.

this steep decline is consistent with both counts

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 10:39 am
by Daniel
Always a joy to hear your views on the market, Alphahorn! It has been a while (methinks) since you last posted here.

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 10:40 am
by Trades with cats
Blackout Oct 2018.png

Finally somebody (Morgan Stanley) put up a blackout chart. Today is peak blackout.

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 10:52 am
by Cobra
testing morning low, key time. decisive breakdown then it's downtrend day probably with middle day reversal up, sharply rebound here then it's range day.

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 10:55 am
by Daniel
TLT is currently testing its 15min 200ema from below (EMA is still downslope but flattening)

New lod for SPY, but not for QQQ or IWM

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 11:00 am
by BullBear52x
on price action, bears are the boss no doubt

Re: 10/11/2018 Live Update

PostPosted: Thu Oct 11, 2018 11:01 am
by brokebybernacke2
Daniel wrote:TLT is currently testing its 15min 200ema from below (EMA is still downslope but flattening)

New lod for SPY, but not for QQQ or IWM


spx daily 200 ma broke