11/20/2018 Live Update

[BullBear52x]

New HOD, Ding ding ding

The Turkey God got an eye on the Top wedge?

[grandeG]

@coolbizone
2 hours ago
SPX -52.75 at 2638, a lot more downside is coming. No reason to get fancy, hold shorts and enjoy the ride....GL

Been along time since I’ve posted anything here. Possibly a line in the sand to keep in mind this coming week

[JFR]

Big picture. What goes up must come down.

[JFR]

Some ups and downs lately.

[Cobra]

forget about mm. for now it's still in a range and near the range high so bad for bulls but if bulls can simply consolidate here instead of pullback then break above the blue line is likely. kind of key time.

[BullBear52x]

bulls need to be worry now. back to sell for me.

[Al_Dente]

...

[Al_Dente]

bulls need to be worry now. back to sell for me.

[BullBear52x]

bulls need to be worry now. back to sell for me.

I got an hour of patience left on either side. Peace!

[Trades with cats]

Waiting for the algos to move this one way or the other.

[BullBear52x]

bulls need to be worry now. back to sell for me.

I got an hour of patience left on either side. Peace!

My line in the sand for bear move, last trade. Peace!

[Al_Dente]

From Stock Traders Almanac - Jan.2016
Ned Davis Research ...
Bull and bear markets are measured at peak and trough dates, so both the time and price criteria must be met as of the peak and trough dates.
“A cyclical bull market requires a 30% rise in the DJIA after 50 calendar days
/OR/
a 13% rise after 155 calendar days.
A cyclical bear market requires a 30% drop in the DJIA after 50 calendar days
/OR/
a 13% decline after 145 calendar days.
Similar percent reversals in the Value Line Geometric Index, since 1965, would also qualify.”

Dumb question: what can i use to measure this, without having to count the days by hand?
would ROC-50 and ROC-155, etc, work?

I love all things Ned Davis, but seriously, CALENDAR DAYS ???

[MrMiyagi]

NYMO BACK TO -45 DAY LOW HELP US BABY JEEBUS

[Daniel]

I love all things Ned Davis, but seriously, CALENDAR DAYS ???

Don't talk to me, talk to Ned. It's his definition set. Maybe he'll take your call, he won't take mine...

[Daniel]

Up/down volume on NYSE about 9:1 bearish? That's some serious distribution.

[Trades with cats]

30 Minute with volume profile. Just a reminder we are creeping up on the opening range (60 minute) low this will be the forth touch since we bounced on 2600. But this is a seasonally bullish week and 80% of the time a down Monday (1.5 %) does not mean a down week (according to Odd Stats on twitter).

[BullBear52x]

Chart for the road: Dead cat bounce on 5 min. setup UPV:DNV = .15 and see the TSI about to turn, bears need to take into consideration if few handles maters. I am out and done. Peace!

[Rezito]

Nasdaq is the first index to trade below the Oct 29 low...other indexes to follow? Watching to see how we close today.

[MrMiyagi]

Take it for what it's worth. Multiple -40 support occasions.

NYMO

[Daniel]

Aside from TLT, which is basically flat (up a nickel)... out of the ETFs that I track intraday only UUP is up. Ignore correlations-- everything is down. Gold. Yen. Oil. Staples. Utes. Maybe some forced selling going on.