03/18/2019 Live Update

[Cobra]

testing day high, breakout, then it's uptrend day, otherwise range day.

[Trades with cats]

testing this mornings support (happens to be at VWAP)

[Trades with cats]

Once again VWAP was a meaningless and confusing line on the chart.The Fib based Keltner channels (1.616 ATRs on the EMA) and the Globex or overnight high were meaningful.
Classic failed 2nd entry long double top formation.

[BullBear52x]

Buy here.

[BullBear52x]

Range day, I am still expecting higher close, if not half way up will be ok too.

[BullBear52x]

Normally I would sell here, but today is on the high end, I don't expect a pull back yet, but if my last buy got stop out, I am done today.

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2019/03 ... ay-update/

[te_fern]

TICKs and price seem to be going sideways now....

[BullBear52x]

The RED will be nice

[Trades with cats]

For after the close, lots of charts. https://www.zerohedge.com/news/2019-03- ... capitulate

[Cobra]

we might have the range low.

[Trades with cats]

Once again it is the overnight high not VWAP.

I like having VWAP but I am thinking that most days it just clutters the chart. If it worked the way it is supposed to we should see all those institutional orders hitting, but we don't. Makes my tentative assumption that once it had meaning but like all things with Wall Street things have changed.

[BullBear52x]

ES 06-19 (2000 Tick) 2019_03_18 (10_59_18 AM).png

Once again it is the overnight high not VWAP.

I like having VWAP but I am thinking that most days it just clutters the chart. If it worked the way it is supposed to we should see all those institutional orders hitting, but we don't. Makes my tentative assumption that once it had meaning but like all things with Wall Street things have changed.

Moving average is a thing of yesterday too.

Lately I find support/resistance level and use their mid range as a mean of average to find standard deviation 1 or 2 SD, I feel mulch better using it as entry buy/sell, use mid range as point of control as you would on Volume profile to get out. I have no evidence to prove it but that's how I smell it these days.

[BullBear52x]

Not going higher? I am done, Peace!

[Cobra]

possible 3 push up. as usual, assume one more lower high push up before 2 legged pullback, assume.

[Trades with cats]

Overnight high seems very powerful today.

[Cobra]

the 4th push up still strong. forget about 3 push up. close is near anyway.

[Cobra]

members only update at 3:52 pm
http://www.cobrasmarketview.com/2019/03 ... ay-update/

[Cobra]

well, guess that's it for today. here's how Tuesday looks like recently. 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