03/19/2019 Live Update

[Cobra]

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No idea up or down from here. as usual, when don't know, always assume up. the recent intraday pattern is up in the morning, then sharp down then spent the rest of the day up till the close.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/03 ... ay-update/

[Trades with cats]

Really clear the gap up was generated by the London/Frankfurt session and it came to a screeching halt well before the regular US open.

[BullBear52x]

Market is very bullish and very over bought atm, daily B% is above 1, time to get cautious on the buy side.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2019/03 ... ay-update/

[Cobra]

it's morning hourly filled black bar.

[BullBear52x]

I am selling here, but dip will be bought.

[Trades with cats]

Likely target would be that overnight high at ES 2853.

[Trades with cats]

Failed first push. 2000 tick on my screen has nice twin tower top.
(frustrating thing on tick charts is everybodys is different, depends on when the computer starts the count.)

[Trades with cats]

London/Frankfurt closing. They go to English Summertime clock settings end of the month.

[BullBear52x]

my first target

[BullBear52x]

Wishful thinking, bears might.....might....have something in their sleeves.

[BullBear52x]

SPX cash. bears need to stay under 38.2%

[Cobra]

break above day high on a good looking bull bar then it's uptrend day. most likely it's just a range day. all eyes, I'm ears on tomorrow FOMC.

[BullBear52x]

This is where they separate a woman from the girls.

[Trades with cats]

Ug, beyond my ability to draw decisive trend lines. Regression based channel from the overnight high just proved the midline on that drop. US regular hours different story with higher high and a higher low. Going to sit on hands for a few bars.

[Mr. BachNut]

I wasn't thinking about a post until after Fed day tomorrow, but we seem to be at an interesting juncture.

NYMO finally closed above the zero line yesterday.
A second close above zero today would make the end of the down cycle official.
A close below zero suggests the up move since 3/8 may just be corrective (price notwithstanding!). We shall see.

In terms of price, another day another gap open.
Theoretically, the index is a composite of prices for 500 stocks, but reality seems like folks in Europe/Asia buy the futures after hours and the open session sorts out how to reconcile the individual stocks to the index.
The soft NYMO suggests a lot of stocks are not going willingly...
The stack of open gaps below really seem piled up now and create vulnerability to a closing move IMO. Could be swift if it comes.

Price is getting close to a tag of the upper keltner band, which is declining.
Tags of the upper keltner validate the bull case technically even if they turn out to be near term resistance.
It would be nice to see the upper and lower bands continue to narrow to clarify a breakout later.

My short R2K runner was stopped out at breakeven, and my long SPX runner remains the survivor.
I have advanced the SPX stop to breakeven but may jam it if it looks like things are breaking down.

[te_fern]

Is the market trying to close the gap and hit the lower resistance line?????

[BullBear52x]

new LOD Ding ding ding.

[luckystar2006]

I don't see any solid evidence so far to suggest ES turning south any time soon... My short-term signals are still a long wayyyyyyyyyyyyyyy to confirm a short-term top.