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10/16/2018 Live Update

Re: 10/16/2018 Live Update

Postby te_fern » Tue Oct 16, 2018 10:35 am

The high and VWAP have been broken, can the bulls pull it back??
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Re: 10/16/2018 Live Update

Postby 1der » Tue Oct 16, 2018 10:39 am

AAPL daily and weekly charts not looking so supportive of SP.
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Re: 10/16/2018 Live Update

Postby BullBear52x » Tue Oct 16, 2018 10:44 am

new high will add 10 more handles easily
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Re: 10/16/2018 Live Update

Postby te_fern » Tue Oct 16, 2018 10:47 am

Bulls look to be in control today.....
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Re: 10/16/2018 Live Update

Postby Trades with cats » Tue Oct 16, 2018 11:01 am

That is the third wave up. Short squeeze, dip buying call it what you want everybody has been waiting for the buy programs to kick in. Today they have. But until we hit a new all time high this is a rented market.
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Re: 10/16/2018 Live Update

Postby BullBear52x » Tue Oct 16, 2018 11:09 am

Daily buy the dip setup triggered today. BUY/SELL until it fails.....
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Re: 10/16/2018 Live Update

Postby BullBear52x » Tue Oct 16, 2018 11:23 am

short term target meet.
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Re: 10/16/2018 Live Update

Postby Trades with cats » Tue Oct 16, 2018 11:28 am

ES 2793.75 has over 1,000 sell orders on the DOM , no idea why.
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Re: 10/16/2018 Live Update

Postby BullBear52x » Tue Oct 16, 2018 11:30 am

Back to 1 min. chart, now that the dust is clear, intraday should be a lot easier to trade now. Dip will be bought, same playbook.
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Re: 10/16/2018 Live Update

Postby BullBear52x » Tue Oct 16, 2018 11:34 am

Tomorrow is another day, GL

Peace!
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Re: 10/16/2018 Live Update

Postby Trades with cats » Tue Oct 16, 2018 11:37 am

Took two legs but this last move has matched the earlier move and the add on has made it a match for the pre-market move.
If we head down far enough could meet Cobra's rule for three push up so bulls better get with the program and show that today is different.
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Re: 10/16/2018 Live Update

Postby Trades with cats » Tue Oct 16, 2018 11:41 am

ES 12-18 (2000 Tick) 2018_10_16 (9_38_24 AM).png

This is what I am talking about. Except I missed the first leg during the Asian open. So four legs up alternating in size.
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Re: 10/16/2018 Live Update

Postby Cobra » Tue Oct 16, 2018 12:08 pm


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Re: 10/16/2018 Live Update

Postby Cobra » Tue Oct 16, 2018 12:23 pm

the pullback should be bought, say around ema20, as so far it's uptrend day as I said how to judge if it's an uptrend day earlier.
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Re: 10/16/2018 Live Update

Postby Al_Dente » Tue Oct 16, 2018 12:35 pm

“US budget deficit expands to $779 billion in fiscal 2018 [a 17% increase; the most in six years]…according to the Trump administration.
https://www.cnbc.com/2018/10/15/us-budg ... urges.html

EARNINGS tonight: IBM, NFLX
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Re: 10/16/2018 Live Update

Postby Cobra » Tue Oct 16, 2018 1:58 pm

the pullback probably will be bought again
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Re: 10/16/2018 Live Update

Postby Cobra » Tue Oct 16, 2018 3:03 pm

I don't like this pullback, too sharp, but still, generally it should be bought, let's see.
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Re: 10/16/2018 Live Update

Postby Trades with cats » Tue Oct 16, 2018 3:06 pm

5th measured move up is over. Both of my oscillators are saying sell but more important price is moving below the EMA on a string of red bars for the first time today. I would think the big banks have now satisfied the risk officers by offsetting options positions. Will be looking tonight for a decent Elliot wave interpretation of today as I can not for the life of me find that ABC pattern at the top. Maybe we are working on it now.
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Re: 10/16/2018 Live Update

Postby Trades with cats » Tue Oct 16, 2018 3:20 pm

ES 12-18 (2000 Tick) 2018_10_16 (1_10_31 PM).png

yea no server error this time! That dark green trend line is from the open yesterday evening. Just saying this move was executed well. Problems with today
1. Shrinking volume
2. Known need to reach target of 2800 ES by the big banks
3. Looks like a bunch of buy programs, as in the usual Skynet dip buy squeeze thing.
Positives for tomorrow
1.Must be a few shorts left to squeeze.
2. Maybe Asian markets are ready to take a break from their sell offs. So the Euro zone doesn't have to provide all the low volume melt up for another gap and go opening. :)

Nothing Burger for tomorrow (thanks for the tip from Pasta Boss)
Does anybody actually care about IBM anymore? What is more important for Neflix the new improved AOL, increases in eyeballs or how they are going to find 5 billion large with Jay Powell sucking 50 billion a month out of the system?
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Re: 10/16/2018 Live Update

Postby Cobra » Tue Oct 16, 2018 3:21 pm

now let's see whether bears can make double top here. 50% chances.
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