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10/16/2018 Live Update

10/16/2018 Live Update

Postby Cobra » Tue Oct 16, 2018 9:23 am

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bigger triangle? no idea up or down from there but it it can test yesterday's high again, then a breakout is more likely.
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Re: 10/16/2018 Live Update

Postby Cobra » Tue Oct 16, 2018 9:26 am


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Re: 10/16/2018 Live Update

Postby BullBear52x » Tue Oct 16, 2018 9:32 am

clear view, looks like bulls can not hold out for too long. a breakout is to be expected I guess
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Re: 10/16/2018 Live Update

Postby K447 » Tue Oct 16, 2018 9:41 am

BullBear52x wrote:... looks like bulls can not hold out for too long.

a breakout is to be expected I guess


As in cannot Hold off?
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Re: 10/16/2018 Live Update

Postby BullBear52x » Tue Oct 16, 2018 9:44 am

fear correction analog. new all time high correction, VIX fear factor.
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Re: 10/16/2018 Live Update

Postby te_fern » Tue Oct 16, 2018 9:44 am

TICKs are trending up this morning...
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Re: 10/16/2018 Live Update

Postby BullBear52x » Tue Oct 16, 2018 9:46 am

K447 wrote:
BullBear52x wrote:... looks like bulls can not hold out for too long.

a breakout is to be expected I guess


As in cannot Hold off?

:D yes, can not hold off. need to see the new high first.
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Re: 10/16/2018 Live Update

Postby te_fern » Tue Oct 16, 2018 9:47 am

Needs to break the highs of the last 2 days (blue line)....
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Re: 10/16/2018 Live Update

Postby BullBear52x » Tue Oct 16, 2018 9:59 am

classic charting is looking at 5 dma as a resistance.
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Re: 10/16/2018 Live Update

Postby Cobra » Tue Oct 16, 2018 10:02 am


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Re: 10/16/2018 Live Update

Postby te_fern » Tue Oct 16, 2018 10:02 am

Is it a bull trap or can they push it higher????
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Re: 10/16/2018 Live Update

Postby BullBear52x » Tue Oct 16, 2018 10:05 am

P/l of 1% here, let see how the counter trend goes
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Re: 10/16/2018 Live Update

Postby Cobra » Tue Oct 16, 2018 10:06 am


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Re: 10/16/2018 Live Update

Postby BullBear52x » Tue Oct 16, 2018 10:13 am

a new high from here bears will experience uneasiness, late bears that is.
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Re: 10/16/2018 Live Update

Postby 1der » Tue Oct 16, 2018 10:15 am

Looks like the Health stocks in SP500 are driving the bus today.
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Re: 10/16/2018 Live Update

Postby te_fern » Tue Oct 16, 2018 10:20 am

Getting the back test now....
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Re: 10/16/2018 Live Update

Postby Trades with cats » Tue Oct 16, 2018 10:22 am

ES 12-18 (2000 Tick) 2018_10_16 (8_13_17 AM).png

I have that last move as four points short of a measured move. But hey bank profits were better than expected and it is options expiration week. No idea where or how much but those profitable big banks are the market makers so you know they are currently on the hook for a lot of option insurance buying so they should be playing trader tricks to get us to at least 2800 by Thursday and 2850 would be a lot better for them (Nomura guru says at the 2750 and 2800 levels is where the action is for the options Gamma Well)
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Re: 10/16/2018 Live Update

Postby brokebybernacke2 » Tue Oct 16, 2018 10:28 am

very possible look out below set up . caution.
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Re: 10/16/2018 Live Update

Postby Cobra » Tue Oct 16, 2018 10:30 am

up from here then it's uptrend day, down and down then it's range day.
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Re: 10/16/2018 Live Update

Postby BullBear52x » Tue Oct 16, 2018 10:32 am

The counter trend move is strong one but I don't see fear today from the bulls.
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