BullBear52x wrote:Hourly is close to trigger a sell. Intraday bulls need to be careful today.
i think so, should have a nice pull back here today tomorrow to test 2700, that's when i buy 2 fisted...as all problems will be healed next week until dec 15.
somehow 2700 is in many people's mind.
My comments are for entertainment/educational purpose only. NOT a trade advice.
This guy thinks Powell is the “genius” because in October rates were “far from neutral” and poof, yesterday they were pretty close to neutral, which placed “all the responsibility for near term market direction on President Trump’s shoulders as he prepares to meet Chinese President Xi at the G20.”
As Rosie opined yesterday: who knew the difference was 0.25% ?!
Unfortunately for us, Xi is the smart one in the room this weekend.
Well according to Charlie the Wizard at Nomura (according to Zerohedge) 2706 ES is the magic sell level for the big funds with the CTA models currently showing 2648 ES as the go short level, an estimate of 90 billion would commit to short positions. I wrote this down for Monday morning because if Trump roughs up the Chinese this weekend we could easily get to those levels.
everyone has the same number, give or take a handful of points
and that number is the powell put, which you can measure from roughly noon yesterday, when the market first started reacting to his prepared text
thing is: when everybody has the same outlook/number, we have to expect something different to happen
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Chart review, ranging trade level, bulls managed to stop the top range sell. my next move is to wait for a new buy setup if it will come, but I don't plan on chasing unless yesterday's Hi is taken out. Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:Hourly is close to trigger a sell. Intraday bulls need to be careful today.
i think so, should have a nice pull back here today tomorrow to test 2700, that's when i buy 2 fisted...as all problems will be healed next week until dec 15.
somehow 2700 is in many people's mind.
maybe falls shy? here a 4 hour pic, just a guess, if we break out, trendline intersection targets..
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weird stuff happening this morning. (Messages from the big fellow on high? - to discern later)
I posted yesterday that it would be a bad day to try to trade - and this its probably more relevant than estimates. When is it a good day to not trade? ==> this is probaly an imp question to think on.
In any case:
Dir 1
Mid Chg 0
Range est 28.50,39.50
2789.75 2727.25 res/sup
H/L est 2747.50, 2718.00=>29.50
Notes: as support is 27.27 > 2718, 2718 might not happen (intially)
so up to 47 area (or less), down to 27 area, then up (eg. 50%) and fail, down to 2718 a little bounce to close slighty below the open (?).
Open 2736.50-5=2731.5
actuals
Open 2736.50
2733.25 @08:36
2743.25 @ 09:16
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Educational only and not trading advice (EO&NTA) Good trading to all