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05/20/2019 Live Update

Re: 05/20/2019 Live Update

Postby Trades with cats » Mon May 20, 2019 11:09 am

ES 06-19 (2000 Tick) 2019_05_20 (9_06_03 AM).png

Wrong side of EMA, wrong side of mid line looking like the lower trend line could fail to hold it.
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Re: 05/20/2019 Live Update

Postby Daniel » Mon May 20, 2019 11:11 am

Cobra wrote:break the ema20 slightly, it's the bear's last chance here otherwise we can forget about them today, again.

SPY failing the test, so far. Same w QQQ.
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Re: 05/20/2019 Live Update

Postby BullBear52x » Mon May 20, 2019 11:20 am

support
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Re: 05/20/2019 Live Update

Postby BullBear52x » Mon May 20, 2019 11:22 am

take half off the table, Mid morning bears can not lose today.
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Re: 05/20/2019 Live Update

Postby Cobra » Mon May 20, 2019 11:23 am

no sharp pullback so bears still in danger, need push down harder. overall, I wouldn't count on bears already.
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Re: 05/20/2019 Live Update

Postby Daniel » Mon May 20, 2019 11:38 am

SMH down over 3%.

From Briefing.com:
"Stocks were under early pressure after several semiconductor companies, and Alphabet (GOOG 1140.41, -21.89, -1.9%), reportedly suspended business operations with Huawei, complying with U.S. regulation that require companies to seek approval to conduct business with China's Huawei.

Semiconductor companies Intel (INTC 44.17, -0.73, -1.6%), Qualcomm (QCOM 77.72, -3.75, -4.6%), Broadcom (AVGO 277.82, -12.26, -4.2%), and Xilinx (XNLX 98.84, -5.88, -5.6%) have also reportedly begun to comply with the new executive order. The Philadelphia Semiconductor Index is down 3.1%.

On a related note, Lumentum (LITE 45.34, -0.98, -2.1%) was the first company to cut its guidance to account for the new regulation. Shares were down as much 5.0% but, like the broader market, has pared its losses."
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Re: 05/20/2019 Live Update

Postby Al_Dente » Mon May 20, 2019 11:46 am

SENTIMENT
VIX options traders just went bear-SPY
but not very covincingly
they will flip on a dime
520vix.png.png
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Re: 05/20/2019 Live Update

Postby Cobra » Mon May 20, 2019 12:04 pm


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Re: 05/20/2019 Live Update

Postby BullBear52x » Mon May 20, 2019 12:06 pm

I have my sell stop at 53, this sideways is going no where. Coffee time.
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Re: 05/20/2019 Live Update

Postby Daniel » Mon May 20, 2019 12:06 pm

IWM hod
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Re: 05/20/2019 Live Update

Postby BullBear52x » Mon May 20, 2019 12:14 pm

Bull Flag. not buying but bears are dead.
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Re: 05/20/2019 Live Update

Postby BullBear52x » Mon May 20, 2019 12:17 pm

classic Monday, will be back for an update later. Peace!
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Re: 05/20/2019 Live Update

Postby Trades with cats » Mon May 20, 2019 1:49 pm

Working on a lower high to match the lower low. Assuming no news this afternoon it looks like we are sinking back to a flat day.
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Re: 05/20/2019 Live Update

Postby BullBear52x » Mon May 20, 2019 2:10 pm

Classic boring Monday + Gap down and stay flat = Bearish to continue.

Chart for the road: If bulls can not closed higher than HOD today, tomorrow I am expecting the selling to be worst. Peace!
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Re: 05/20/2019 Live Update

Postby BullBear52x » Mon May 20, 2019 2:13 pm

for now bull flag still stand a chance.
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Re: 05/20/2019 Live Update

Postby Al_Dente » Mon May 20, 2019 2:33 pm

Bottom panel:
According to the 5-minute color TICK, still seeing many more reds than greens
According to the cumulative TICK (pink)... she's been on a sell signal since about 11:15 yesterday
5min
520tick five.png.png
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Re: 05/20/2019 Live Update

Postby Trades with cats » Mon May 20, 2019 2:44 pm

Looking like the GAP isn't going to fill.
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Re: 05/20/2019 Live Update

Postby Al_Dente » Mon May 20, 2019 2:52 pm

BullBear52x wrote:Classic boring Monday + Gap down and stay flat = Bearish to continue.
Chart for the road: If bulls can not closed higher than HOD today, tomorrow I am expecting the selling to be worst. Peace!

That's a pretty chart boss :D
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Re: 05/20/2019 Live Update

Postby Cobra » Mon May 20, 2019 3:00 pm

close enough to be seen as the 2nd test of the day low, 51% chances of double bottom.
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Re: 05/20/2019 Live Update

Postby Al_Dente » Mon May 20, 2019 3:08 pm

HAPPY HOUR
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