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03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 9:24 am
by Cobra
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no idea up or down from here but generally the rebound might be sold somewhere.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 9:40 am
by Trades with cats
FT 71 commented this morning that the CME says only about 45% of traders have rolled over to the new ES contract, so a slower than normal contract roll.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 9:43 am
by BullBear52x
Multi-Time frame besides intraday.
Weekly = Sell
Daily + Buy
Hourly Sell

If we can maintain a positive closed today, a daily Buy is triggered. but at the same time we are entering sell the rip zone on Hourly, this tells me, a little pull back late in the day or tomorrow if we can hold gain today.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 9:45 am
by BullBear52x
$RUT a leading? then HH is needed here.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 9:51 am
by BullBear52x
/ES intraday is very bullish, a continue buying from Friday, this is real deal, not a short covering. but the line in the sand is drawn, 2766 must needed to break through and hold for bulls. find excuse to buy.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 9:53 am
by Trades with cats
ES 06-19 (5 Minute) 2019_03_11 (7_49_51 AM).png

5 minute view with FT71's 3 scenarios for today crudely drawn by me. Point is of course that wew may be looking for a test of Friday's range soon.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 10:04 am
by Trades with cats
ES 06-19 (2000 Tick) 2019_03_11 (8_02_19 AM).png
Candice Brown's Derivative Oscillator does not agree with this mornings action. I also am uncertain because we have been following a tight little channel (machine drawn regression) since around 5 AM Eastern Time.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 10:05 am
by Cobra

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 10:06 am
by Trades with cats
I should add that if you jumped in long after it crossed the EMA you are up about 10 points, so no matter the reason price pays.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 10:07 am
by BullBear52x
2780ish still in the card today or tomorrow. will see.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 10:18 am
by Trades with cats
Approaching Thursday's High Wednesday's low, so expecting resistance.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 10:21 am
by brokebybernacke2
Trades with cats wrote:Approaching Thursday's High Wednesday's low, so expecting resistance.


gettin overbought

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 10:37 am
by Trades with cats
Drawing my retracement fibs from the low about a half hour before Friday's close. All three of the Oscillators I follow are rolling over on the 5 minute. (Server error on the chart posting for now)

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 10:40 am
by BullBear52x
Fighting to regain 5 DMA, AD line all looking healthy.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 10:45 am
by BullBear52x
80 and 97 next.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 10:46 am
by Trades with cats
Running out of shorts to squeeze. Zerohedge reminds us "Bonds ain't buying it".

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 10:52 am
by Trades with cats
ES 06-19 (5 Minute) 2019_03_11 (8_44_57 AM).png

Bottom panel is a juiced up RSI (yellow) with a fast and slow trigger line.
So market is overbought but someone continues to buy as we push back into Wednesday's range. If you even begin to think this is normal retail buying look at where price is, over 4 atrs above the 20 period EMA. Note the Thursday morning CTA trigger sell off also was 4 atrs out, only to the down side. So the whales are making moves.

Edit- the letters on the chart are generated by the Lizard Trader zerolag indicator (pannel 3). Momentum, Key retracement secondary Retracement.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 10:57 am
by Cobra
so far looks like a strong uptrend day if no sharp pullback in the next couple of bars.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 11:40 am
by BullBear52x
Greed kills, I don't see we move pass 80ish today.

Re: 03/11/2019 Live Update

PostPosted: Mon Mar 11, 2019 11:52 am
by Trades with cats
ES 06-19 (5 Minute) 2019_03_11 (9_47_34 AM).png

Added a composite volume profile outline in violet, covering the visible chart. Visual clue as to where resistance should be sitting. (High volume node). Also shows the irregular and vertical nature of the drop and rebound over the last couple of days. In theory could be easily retraced, but who knows in practice. :D