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11/26/2018 Live Update

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BullBear52x
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Re: 11/26/2018 Live Update

Post by BullBear52x »

daytradingES wrote:
BullBear52x wrote:daytradingES

You are da man..... :mrgreen:


thanks :mrgreen:

now to change it into dough-ray-me !

HOD
Est 2670.25
act 2671.75
diff -1.5
next selling wave should make LL, to see 39, so far, looks like we are heading lower still.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Cobra
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Re: 11/26/2018 Live Update

Post by Cobra »


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daytradingES
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Re: 11/26/2018 Live Update

Post by daytradingES »

I wanted to post on the weekend but "stuff" interferred.

About two weekends ago I posted that I thought a week day on that week looked like a failure of the multiday bounce and that we were to re-visit 2603 of 29 Oct. (RTH chart does not include today -taken on the weekend).

So now that it looks as if 2671.25 has been rejected again with today we are forming a double top and should test 2603 any day now. Friday's low 2628.50 is not far off 2603 and a lowish close today would be very dis-heartening to the fund managers coming into today with such a strong up in the o/n. (+34.50) and bullish tone.

(temp1.pmg)
Attachments
RTH for ES to Friday 23 Nov 2018
RTH for ES to Friday 23 Nov 2018
Last edited by daytradingES on Mon Nov 26, 2018 2:09 pm, edited 1 time in total.
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Daniel
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Re: 11/26/2018 Live Update

Post by Daniel »

SPY and IWM are both back below the 15min 20ema. QQQ is right on it. All three MAs are no longer upslope--either sideways or slitely down.
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BullBear52x
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Re: 11/26/2018 Live Update

Post by BullBear52x »

daytradingES wrote:I wanted to post on the weekend but "stuff" interferred.

About two weekends ago I posted that I thought a week day on that week looked like a failure of the multiday bounce and that we were to re-visit 2603 of 29 Oct. (RTH chart does not include today -taken on the weekend).

So now that it looks as if 2671.25 has been rejected again with today we are forming a double top and should test 2603 any day now. Friday's low 2628.50 is not far off 2603 and a lowish close today would be very dis-heartening to the fund managers coming into today with such a strong up in the o/n. (+34.50) and bullish tone.

(temp1.pmg)
I am a classic charter, I see few counter trend bullish signs, today we got a positive volume, after a slight pull back I will expect another push higher a new HH from today's HOD will certainly bring more bullish color to my view. will see the day still young for that. Intraday got one more sell to go yet.
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Daniel
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Re: 11/26/2018 Live Update

Post by Daniel »

From RevShark:
Much of the market has already undergone a substantial correction, and there are signs that the first stocks to correct are now finding some support. Price action in small caps is looking a little better already. However Jay Powell could offer a big unpleasant surprise to markets this week if he gives more details about the Fed's balance sheet unwind; so far the Fed has shrunk its balance sheet by less than $500 billion, with potentially a lot more to go.
daytradingES
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Re: 11/26/2018 Live Update

Post by daytradingES »

BullBear52x wrote: next selling wave should make LL, to see 39, so far, looks like we are heading lower still.
One thing about the estimates:
To me to get the first end (FE) correct is the key.

That is to get that it would go up to the 2670 area turn and go down is the main thing.

Once in the short trade how far it runs is not too important - if one can use indictors to help with exit.

So act high less rng est give potential targets and indicators help decide
(19 was Friday's rng, 23 was the average rng est, 34.50 was the default and 44.50 -gasp the wider)

2671.75-19=2652.75
2671.75-23=2648.75
2671.75-34.50=2637.25
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Cobra
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Re: 11/26/2018 Live Update

Post by Cobra »

I don't believe it'd be another gap up then down and down day. the current rebound might go all the way to the day high to make a range day.
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Re: 11/26/2018 Live Update

Post by Daniel »

From Sentimentrader:
The AAII Bull ratio went below 35% this past week. According to our backtests, the average 1-year forward return was 11.5%, and positive 82% of the time. Excluding 2008, that 1yr climbs to 18.2% with a 94% win rate; the 6-month return was 12.7% average, with an 88% win rate.
daytradingES
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Re: 11/26/2018 Live Update

Post by daytradingES »

I know there are a lot of people who view the board and take note of Cobra excellent calls .

If any readers out there have used numerology with success in intraday trading and are OK with sharing your insights perhaps you could contact me. (I haven't had much luck with it as yet )

Thanks in advance.!
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BullBear52x
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Re: 11/26/2018 Live Update

Post by BullBear52x »

Cobra did it again. bulls are out in force
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BullBear52x
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Re: 11/26/2018 Live Update

Post by BullBear52x »

BullBear52x wrote:Cobra did it again. bulls are out in force
last sell failed, bulls turn now.
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daytradingES
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Re: 11/26/2018 Live Update

Post by daytradingES »

BullBear52x wrote:Cobra did it again. bulls are out in force
well done Cobra!
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Al_Dente
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Re: 11/26/2018 Live Update

Post by Al_Dente »

Bullish Percent SPX
RENKO
bullish
daily
1126bpspx.png.png
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Cobra
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Re: 11/26/2018 Live Update

Post by Cobra »

as guess it goes to the range high. I even guess a breakout is more likely, maybe need a consolidation or small pullback first.
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BullBear52x
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Re: 11/26/2018 Live Update

Post by BullBear52x »

Cobra wrote:as guess it goes to the range high. I even guess a breakout is more likely, maybe need a consolidation or small pullback first.
OK, then I will shoot for 2681 :lol:
good call boss,
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BullBear52x
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Re: 11/26/2018 Live Update

Post by BullBear52x »

If we got new high and closed high, tomorrow there will be all kind of talks about Island reversal. :D
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Al_Dente
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Re: 11/26/2018 Live Update

Post by Al_Dente »

HAPPY HOUR
Image
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Cobra
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Re: 11/26/2018 Live Update

Post by Cobra »


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Cobra
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Re: 11/26/2018 Live Update

Post by Cobra »

well, guess that's it for today. Tuesday tomorrow has been a little bit bear friendly recently. thank you guys, I'll see you in another thread soon.

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