04/01/2019 Live Update

[ccash04]

Seems like it is consolidating here. Pretty boring day so far.

[BullBear52x]

slow melt up or it will be an April fool on Da bulls.

[Trades with cats]

It did not seem like it but the market has moved up into the London/Frankfurt close. Next part is a selloff, usually to the days low, then a grind up into the close. Waiting to see the pattern return or fail.

[Trades with cats]

Close view of my cheep little Depth of Market app. You can clearly see why ES 2865 and ES 2860 are resistance and support.

[BullBear52x]

Bulls still healthy, as long as they can hang above 61.8%

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2019/04 ... ay-update/

[Cobra]

ascending triangle, breakout is more likely. until a decisive breakout, it's still a range day at the best.

[BullBear52x]

I am sitting out, still favoring the RED route.

[Al_Dente]

Tomorrow, APRIL 2, before the open
Dow Inc will replace DowDuPont Inc in the Dow Jones Industrial Average
Dow Inc will also join the S&P 500 tomorrow, replacing Brighthouse Financial Inc

[Al_Dente]

Games the big boys play:
“Such trades, nicknamed ‘heartbeats,’ are rampant across the $4 trillion U.S. ETF market…One ETF manager calls them the industry’s ‘dirty little secret’.”
https://www.bloomberg.com/graphics/2019 ... ce=twitter

[Al_Dente]

GOOG and FB make up about 45% of the market value of S&P’s communications sector.
AMZN alone accounts for 31% of the consumer discretionary sector.
Tech hasn’t just become big, it's become a big part of every sector

[Al_Dente]

SPX "Golden Cross" today (50/200 sma)

Over the past 40 years, a golden cross has only taken place within the context of a bull market when the low is already in place. [Fat Pitch]

[Trades with cats]

SPX "Golden Cross" today (50/200 sma)

Over the past 40 years, a golden cross has only taken place within the context of a bull market when the low is already in place. [Fat Pitch]

Comment on twitter this morning, you can not cherry pick your 560 and 200 day crosses.

[Al_Dente]

SPX "Golden Cross" today (50/200 sma)
Over the past 40 years, a golden cross has only taken place within the context of a bull market when the low is already in place. [Fat Pitch]

Comment on twitter this morning, you can not cherry pick your 560 and 200 day crosses.

What is the 560 MA, boss?

[Trades with cats]

Fat fingerTypo 50 not 560

[Al_Dente]

Fat fingerTypo 50 not 560

Thanks boss, got it.
But I still don’t understand your point
SPX DEATH CROSS was circa December 6 (below 50/200), and now GOLDEN CROSS today (above 50/200).
What is “cherry pick” about that?

[Trades with cats]

Saw a chart last week showing a black cross in 2012 and 2016, both of which failed (partially because of Fed liquidity blasts), so with that recent record all the happy days from the media over a golden cross are a tad overdone. They need to show the track record:D

As a good example inverted yield cure has an 85% correct prediction record since the 1970's.

[Trades with cats]

Sell orders have regrouped at ES 2868. Going to be a slow slog to get to the end goal of ES 2873.

[Trades with cats]

DOM showing the sells at ES 2870(793) and the buys at ES 2868 (688).

[Trades with cats]

First time since the regular open price has approached the 2.616 times the ATR middle Keltner band. Also busted my upper trend line that has worked well all day.