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02/06/2019 Live Update

02/06/2019 Live Update

Postby Cobra » Wed Feb 06, 2019 10:24 am

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no idea up or down from here and still when no idea always assumes up.
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Re: 02/06/2019 Live Update

Postby Cobra » Wed Feb 06, 2019 10:27 am


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Re: 02/06/2019 Live Update

Postby JFR » Wed Feb 06, 2019 10:32 am

The market is catching its breath. The giants will likely not be quiet for long.


spy.png
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Re: 02/06/2019 Live Update

Postby JFR » Wed Feb 06, 2019 10:39 am

A wild opening. Big battle going on, bulls vs bears.


2019-02-06_0638.png
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Re: 02/06/2019 Live Update

Postby JFR » Wed Feb 06, 2019 10:45 am

Finding some support.


2019-02-06_0644.png
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Re: 02/06/2019 Live Update

Postby Trades with cats » Wed Feb 06, 2019 10:46 am

Theme for today, market must find more buyers to start moving up the Dec 4 slide. So expecting a pullback to find bargain hunters.
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Re: 02/06/2019 Live Update

Postby Cobra » Wed Feb 06, 2019 11:05 am


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Re: 02/06/2019 Live Update

Postby Trades with cats » Wed Feb 06, 2019 11:14 am

This would be a good place to reverse, if not then 2717 (yesterday overnight low) would be a do or die place to reverse.
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Re: 02/06/2019 Live Update

Postby Cobra » Wed Feb 06, 2019 11:30 am

at the best for bulls it's a range day, even if it decisively breaks yesterday's low it could be a downtrend day.
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Re: 02/06/2019 Live Update

Postby BullBear52x » Wed Feb 06, 2019 11:36 am

/ES yawn...
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Re: 02/06/2019 Live Update

Postby BullBear52x » Wed Feb 06, 2019 11:58 am

ATM I am expecting range low to retest once more. breakdown will be fast if no support this time.

sell @34
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Re: 02/06/2019 Live Update

Postby Trades with cats » Wed Feb 06, 2019 12:03 pm

Machines reached their goal and shut down.
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Re: 02/06/2019 Live Update

Postby Trades with cats » Wed Feb 06, 2019 12:19 pm

Clearly the pullback failed to attract enough money to push up above 2737 zone for now.
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Re: 02/06/2019 Live Update

Postby BullBear52x » Wed Feb 06, 2019 12:32 pm

Range day, today is extremely indecision, weekly is in a sell the rip zone (I use weekly as a gauge for long term)
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Re: 02/06/2019 Live Update

Postby BullBear52x » Wed Feb 06, 2019 12:38 pm

You have to nailed a good entry to stick around and day trade today, this is a cage fight :lol: :lol: :lol:
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Re: 02/06/2019 Live Update

Postby Cobra » Wed Feb 06, 2019 12:58 pm


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Re: 02/06/2019 Live Update

Postby Al_Dente » Wed Feb 06, 2019 1:44 pm

LONGER TERM:
We can’t predict, but we should be able to tell where we are. We can do that by “taking the temperature of the market” through questions like: Where does market psychology stand? To what extent has this psychology been priced in? Are attitudes toward risk prudent or cavalier?
When assets begin pricing in the notion of permanent prosperity, it usually turns out to be an illusion.
We're in the second half of the 10th year of an economic recovery, and US economic recoveries have never lasted more than 10 years. The odds that the expansion goes on much longer are not great.
If investors are scared, as they were in the fourth quarter of 2008 or early 2009, I believe you should be aggressive. But if investors look like flaming optimists, then watch out. I still see some optimism in the market today. So I would want to be in stable, higher-quality and defensive assets more than in aggressive, optimism-oriented assets.
[Howard Marks, via zh, 2/5/19]
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Re: 02/06/2019 Live Update

Postby Al_Dente » Wed Feb 06, 2019 2:14 pm

plenty of potential double tops here
to cure that, bulls need a breakout
soon
26quick.png.png
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Re: 02/06/2019 Live Update

Postby te_fern » Wed Feb 06, 2019 3:50 pm

Might be heading to the bottom of this potential looking box....
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Re: 02/06/2019 Live Update

Postby Al_Dente » Wed Feb 06, 2019 4:02 pm

HAPPY HOUR
play inside.png.png
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