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10/12/2018 Live Update

10/12/2018 Live Update

Postby Cobra » Fri Oct 12, 2018 9:25 am

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the general bottom pattern is double bottom so maybe the intermediate term low wasn't in yet. anyway, let's see how the rebound goes first.
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Re: 10/12/2018 Live Update

Postby Cobra » Fri Oct 12, 2018 9:29 am


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Re: 10/12/2018 Live Update

Postby BullBear52x » Fri Oct 12, 2018 9:36 am

This high open is good enough to earn buy dip coupon. Bull day today.
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Re: 10/12/2018 Live Update

Postby BullBear52x » Fri Oct 12, 2018 9:41 am

SPX 2798.67 = 38.2% Fib key resistance
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Re: 10/12/2018 Live Update

Postby BullBear52x » Fri Oct 12, 2018 9:56 am

buy
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Re: 10/12/2018 Live Update

Postby Daniel » Fri Oct 12, 2018 9:57 am

VIX at 22 is a bit below the midrange for this session.
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Re: 10/12/2018 Live Update

Postby Daniel » Fri Oct 12, 2018 10:01 am

QQQ 173.40 is key. Price is holding above it, after having been below by a good bit. Prior day's high... holding above that will prevent a wave of "pivot-reversal" sell signals.

EEM and XLK strong dogs from the start...bullish.
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Re: 10/12/2018 Live Update

Postby Cobra » Fri Oct 12, 2018 10:04 am


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Re: 10/12/2018 Live Update

Postby Cobra » Fri Oct 12, 2018 10:04 am

it's morning hourly filled black bar.
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Re: 10/12/2018 Live Update

Postby Daniel » Fri Oct 12, 2018 10:05 am

Daniel wrote:VIX at 22 is a bit below the midrange for this session.

update: sudden plunge to 21.20, the LOD
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Re: 10/12/2018 Live Update

Postby BullBear52x » Fri Oct 12, 2018 10:08 am

Since the gap/daily P/L is more than 1.5% a counter trend setup could happen any time, and .....I am all eyes
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Re: 10/12/2018 Live Update

Postby Daniel » Fri Oct 12, 2018 10:09 am

On this Board we are many eyes. .. :)
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Re: 10/12/2018 Live Update

Postby Daniel » Fri Oct 12, 2018 10:12 am

Naz advancers hit an astounding near-2500 shortly after the Open.

This is not a sustainable number, but the rate of dropoff is a bit worrying to bulls. ADVs are already down to 2240.

..and the VIX has popped back up to 21.80

:|
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Re: 10/12/2018 Live Update

Postby Daniel » Fri Oct 12, 2018 10:17 am

Daniel wrote:QQQ 173.40 is key. Price is holding above it, after having been below by a good bit. Prior day's high... holding above that will prevent a wave of "pivot-reversal" sell signals.

QQQ right there, now, testing from above...
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Re: 10/12/2018 Live Update

Postby BullBear52x » Fri Oct 12, 2018 10:22 am

I don't like what I see for bulls, well, will the counter trend happen that will be my next sell move, but dip will be bought this time.
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Re: 10/12/2018 Live Update

Postby BullBear52x » Fri Oct 12, 2018 10:26 am

bears are eager, sell now
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Re: 10/12/2018 Live Update

Postby BullBear52x » Fri Oct 12, 2018 10:38 am

that was quick counter trend failed. oy.... first bear trap
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Re: 10/12/2018 Live Update

Postby Cobra » Fri Oct 12, 2018 10:40 am

60% chances it'll test yesterday's high, at least the blue line.
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Re: 10/12/2018 Live Update

Postby BullBear52x » Fri Oct 12, 2018 10:55 am

it makes sense to think this or plan a trade like this but in reality, it's not exactly :)
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Re: 10/12/2018 Live Update

Postby BullBear52x » Fri Oct 12, 2018 11:05 am

come on..... it's Friday.

bulls got their 20 points over night now they are lazy already.
I won't last long either if it's like this.
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