Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 1:00 pm
trying to 2X top at the 60 minute OR High
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02/05/2019 Live Update
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Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 1:09 pm
Are we working on a small HnS????
Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 1:12 pm
Mr. BachNut wrote:The strongest NYMO cycle ever?
I looked back and could not find a time when NYMO has stayed this high this long.
A few weeks ago, I laid out possible scenarios given historical analogs with very strong NYMO reads.
The most bullish of those scenarios suggested recapture of the 200 day MA without a retest of the December low.
The 200 day MA is just a few handles away at this point. It stands to reason, this may present some resistance, but I expect a reconnect.
Those bullish analogs further suggest we are on our way to all time highs in due course.
As the strength of this thrust is unprecedented NYMO-wise, I am inclined to keep an open mind about what lies ahead.
The bulls may need to catch their breath or take a punch or two at some point before marching to ATHs.
A trip to the January low is plausible but seems very low odds at this point without some nasty event.
More plausible is a dream I am starting to have about the SPX putting in a high between the 200 MA and SPX 2815 and then oscillating for a month or so to form an absolutely massive inverse head and shoulders.
It is a beautiful dream... but I don't know what will happen.
I reloaded long coming out of last week's FOMC. No plans to do anything except tighten stops until further notice.
yes, i have bullish butterflies in my tummy too , but expect a turn around 2759 and a normal pull back to settle my stomach before deciding to eat more bear or bull down round 2600
thatWOULD be a huge IHS!Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 1:27 pm
Got the break, can we hit the target????
Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 1:38 pm
members only update at 12:40 pm
http://www.cobrasmarketview.com/2019/02 ... ay-update/
http://www.cobrasmarketview.com/2019/02 ... ay-update/
Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 2:06 pm
SPY fills the overnight gap.
Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 2:11 pm
I don't know where the range low will be, need see more bars. seems like a typical top day today so far.
Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 2:22 pm
Predictions for a pattern that didn't happen from FT 71 this morning (selling scenario) 2721, consolidation and back into the overnight range. However, if it turns into a down trend day which is unlikely , 2717 then possibly 2706.
The grind up to tag 2735 was not expected to turn into this level of selling.
But his very fancy software that tracks transaction ID numbers showed that yesterday lots of 100 or more contracts were selling all day while the buyers were mostly 10 and smaller lots. So yea, distribution to retail at the 200 day.
If you haven't read the fictional Bio of Jesse Livermore, the greatest trader of all time, then you don't know this sort of thing has been going on for a very long time.
The grind up to tag 2735 was not expected to turn into this level of selling.
But his very fancy software that tracks transaction ID numbers showed that yesterday lots of 100 or more contracts were selling all day while the buyers were mostly 10 and smaller lots. So yea, distribution to retail at the 200 day.
If you haven't read the fictional Bio of Jesse Livermore, the greatest trader of all time, then you don't know this sort of thing has been going on for a very long time.
Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 2:41 pm
Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 3:08 pm
probably going to day high. now it's just a range day instead of a top day.
Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 3:23 pm
Get ready for tomorrow, bullish, very bullish, for bears to have a reversal we have to close below 38% fib, doesn't have to be in the red close, but so far the deep pocket bulls know what's up too.
Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 3:35 pm
Fancy software vendor posted on twitter that the machines were switched on at 2:04 eastern. Didn't need fancy software to see that!
Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 3:39 pm
Futures in the last few days, we are now back in a consolidation phase, breakdown or breakup? that is the question this week.
Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 4:53 pm
members only update at 3:53 pm
http://www.cobrasmarketview.com/2019/02 ... ay-update/
http://www.cobrasmarketview.com/2019/02 ... ay-update/
Re: 02/05/2019 Live Update
Posted: Tue Feb 05, 2019 4:55 pm
well, guess that's it for today. Wednesday tomorrow has been overwhelmingly bull friendly. thank you guys, I'll see you in another thread soon.
before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp